Civic Intelligence

Megs Smile Foundation Inc

EIN 27-5163151 • 501(c)3 • Holly Springs, NC

Profile

Provide gifts and/or fun days to children affected by serious illnesses who are treated in NC hospitals. Our mission is to bring smiles to the faces of these children and their families.

105 Hickory Glen LaneHolly Springs, NC 27540

www.megsmile.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.03x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.08x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

57th percentile

5.6%

Higher net margin than 57% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

58th percentile

2.3%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

32nd percentile

-19%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Up

$494,138

Up $12,054 (+2.5%) from 2023

Liabilities

Up

$17,010

Up $17,010 from 2023

Net Assets

Down

$477,128

Down $4,956 (-1.0%) from 2023

Revenue

Down

$216,317

Down $16,179 (-7.0%) from 2023

Expenses

Down

$204,263

Down $18,124 (-8.1%) from 2023

Net Income

Up

$12,054

Up $1,945 (+19%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2014: $115,600Net Assets 2014: $115,6002014Assets 2015: $144,843Net Assets 2015: $144,8432015Assets 2016: $207,928Liabilities 2016: $0Net Assets 2016: $207,9282016Assets 2017: $238,372Liabilities 2017: $0Net Assets 2017: $238,3722017Assets 2018: $302,717Liabilities 2018: $0Net Assets 2018: $302,7172018Assets 2019: $368,452Liabilities 2019: $0Net Assets 2019: $368,4522019Assets 2020: $337,599Liabilities 2020: $0Net Assets 2020: $337,5992020Assets 2021: $388,009Liabilities 2021: $0Net Assets 2021: $388,0092021Assets 2022: $471,974Liabilities 2022: $0Net Assets 2022: $471,9742022Assets 2023: $482,084Liabilities 2023: $0Net Assets 2023: $482,0842023Assets 2024: $494,138Liabilities 2024: $17,010Net Assets 2024: $477,1282024

Highlighted filing

2024

Assets$494,138
Liabilities$17,010
Net Assets$477,128

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2014: $135,102Expenses 2014: $79,665Net Income 2014: $55,4372014Revenue 2015: $122,568Expenses 2015: $93,325Net Income 2015: $29,2432015Revenue 2016: $219,997Expenses 2016: $156,912Net Income 2016: $63,0852016Revenue 2017: $270,983Expenses 2017: $240,539Net Income 2017: $30,4442017Revenue 2018: $276,242Expenses 2018: $211,896Net Income 2018: $64,3462018Revenue 2019: $269,210Expenses 2019: $203,475Net Income 2019: $65,7352019Revenue 2020: $83,689Expenses 2020: $114,542Net Income 2020: -$30,8532020Revenue 2021: $280,550Expenses 2021: $230,140Net Income 2021: $50,4102021Revenue 2022: $327,710Expenses 2022: $243,744Net Income 2022: $83,9662022Revenue 2023: $232,496Expenses 2023: $222,387Net Income 2023: $10,1092023Revenue 2024: $216,317Expenses 2024: $204,263Net Income 2024: $12,0542024

Highlighted filing

2024

Revenue$216,317
Expenses$204,263
Net Income$12,054

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.2
Gross Receipts
$216,317
Mission and Program Overview

Mission

Provide gifts and/or fun days to children affected by serious illnesses who are treated in NC hospitals. Our mission is to bring smiles to the faces of these children and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$275,437$277,636▲ $2,199
Savings and Temporary Cash Investments$206,647$216,502▲ $9,855
Total Assets$482,084$494,138▲ $12,054
Liabilities
Other Liabilities-$17,010-
Total Liabilities$0$17,010▲ $17,010
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$482,084$477,128▼ $4,956
Total Net Assets Fund Balance$482,084$477,128▼ $4,956
Total Liabilities and Net Assets / Fund Balance$482,084$494,138▲ $12,054
Compensation and Service Providers

Board Members and Trustees

NameTitle
James WasleyChairman/Treasurer
Boyce HudsonVice Chairman
Mary FuotoBoard Member
Phillip PasseyBoard Member
Sean MayefskieBoard Member
Thomas O'BrienBoard Member
Jamie OliverSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$206,399
Program Service Revenue
$0
Investment Income
$9,918
Other Revenue
$0
All Other Contributions
$38,560
Change in Net Assets
$12,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$134,201
Other Expenses$70,062
Total Fundraising Expense$50,514
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$129,201--$129,201
All Other Expenses$6,549$298$50,514$57,361
Grants to Domestic Orgs$5,000--$5,000
Other Expenses$3,325$0$0$3,325
Occupancy$0$2,884$0$2,884
Office Expenses$0$2,218$0$2,218
Insurance$0$1,562$0$1,562
Advertising$0$802$0$802
Conferences and Meetings$0$421$0$421
Fees for Services Accounting$0$300$0$300
Total Functional Expenses$145,064$8,685$50,514$204,263
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$72,871$72,871$9,436$63,435
Casino-Non Cash only$44,968$44,968$5,298$39,670
Total Events$117,839$117,839$50,514$67,325
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
NC Grant Funds-Expire 6/30/2026$17,010
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Megs Smile Foundation Inc
EIN
27-5163151
Phone
9194345050
Address
105 Hickory Glen Lane, Holly Springs, NC 27540

Signing Officer

Name
James Wasley
Title
Chairman/Treasurer
Phone
9194345050
Signed
2025-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Wasley
Formed
2011
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
45

Preparer

Firm
Susan Phares-Aldrich CPA PLLC
Address
1100 Holly Springs Rd Ste 200, Holly Springs, NC 27540
Preparer
Susan Phares Aldrich
Phone
9195670168
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Jamie Oliver is James Wasleys sister.

Pt VI, Line 8A

Meetings are held at a minimum of four times per year per the corporate bylaws.

Pt VI, Line 8B

Committee members are all members of the governing body. They report to the governing body at the Board Meetings.

Pt VI, Line 11B

Form 990 is sent electronically to each member of the governing body by the Treasurer with a request for each review and provide feedback/questions prior to filing. The financial data in the tax return has been reviewed with the governing body prior to preparation of the tax return.

Pt VI, Line 12C

The written Conflict of Interest policy is enforced by requesting the governing body members (i.e. Board of Directors) to sign a statement affirming their understanding and compliance with the policy. The policy is monitored by reviewing financial transactions to ensure there are no conflicts.

Pt VI, Line 18

Form 990, Conflict of Interest and Financial Data is made available for public inspection upon request.

Pt XI

NC Grant with time restrictions received for $50,000; balance to be used by 6/30/26; current left to allocate $17,010.

Form 990, Part IX, Line 24E

Fundraising 50514. 0. 0. 50514.

Form 990, Part IX, Line 24E

Co-Venture Expenses 6549. 6549. 0. 0.

Form 990, Part IX, Line 24E

Miscellaneous Expenses 298. 0. 298. 0.

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IRS990ScheduleD/DonorAdvisedFundsHeldCnt01
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt017010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NC Grant Funds-Expire 6/30/2026
IRS990ScheduleD/TotalLiabilityAmt017010
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt050514
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt02655
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02655
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Golf Tournament
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Casino-Non Cash only
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03239
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0253
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03492
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt072871
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt044968
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0117839
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt072871
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt044968
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0117839
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt067325
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt04025
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt09919
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt013944
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt014734
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09436
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt05298
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt012818
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt02871
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt015689
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt038615
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Smles Granted
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Jamie Oliver is James Wasleys sister.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Meetings are held at a minimum of four times per year per the corporate bylaws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Committee members are all members of the governing body. They report to the governing body at the Board Meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is sent electronically to each member of the governing body by the Treasurer with a request for each review and provide feedback/questions prior to filing. The financial data in the tax return has been reviewed with the governing body prior to preparation of the tax return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The written Conflict of Interest policy is enforced by requesting the governing body members (i.e. Board of Directors) to sign a statement affirming their understanding and compliance with the policy. The policy is monitored by reviewing financial transactions to ensure there are no conflicts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 990, Conflict of Interest and Financial Data is made available for public inspection upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NC Grant with time restrictions received for $50,000; balance to be used by 6/30/26; current left to allocate $17,010.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Fundraising 50514. 0. 0. 50514.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Co-Venture Expenses 6549. 6549. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Miscellaneous Expenses 298. 0. 298. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0482084
IRS990/TotalAssetsEOYAmt0494138
IRS990/TotalAssetsGrp/BOYAmt0482084
IRS990/TotalAssetsGrp/EOYAmt0494138
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0206399
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt050514
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08685
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0145064
IRS990/TotalFunctionalExpensesGrp/TotalAmt0204263
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt017010
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt017010
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0482084
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0477128
IRS990/TotalProgramServiceExpensesAmt0145064
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09918
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0216317
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt045
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0482084
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0494138
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0105 Hickory Glen Lane
IRS990/USAddress/CityNm0Holly Springs
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027540
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.megsmile.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0James Wasley
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman/Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum09194345050
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Megs Smile Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0MEGS
ReturnHeader/Filer/EIN0275163151
ReturnHeader/Filer/PhoneNum09194345050
ReturnHeader/Filer/USAddress/AddressLine1Txt0105 Hickory Glen Lane
ReturnHeader/Filer/USAddress/CityNm0Holly Springs
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027540
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260496090
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Susan Phares-Aldrich CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01100 Holly Springs Rd Ste 200

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