Civic Intelligence

Smbk Foundation

990 • Fiscal year 2024 • EIN 47-3539204

Jan 01, 2024 to Dec 31, 2024 • Filed on May 09, 2025

600 N Golden Circle DrSanta Ana, CA 92705

(949) 735-7532

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

24th percentile

-8.9%

Higher net margin than 24% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

81st percentile

28%

Faster asset growth than 81% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

250%

Faster revenue growth than 96% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$607,425

Up $134,576 (+28%) from 2023

Net Assets

Up

$607,425

Up $134,576 (+28%) from 2023

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

Up

$25,452

Up $18,172 (+250%) from 2023

Expenses

Up

$27,708

Up $15,400 (+125%) from 2023

Net Income

Up

-$2,256

Up $2,772 (+55%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $467,319Liabilities 2018: $0Net Assets 2018: $467,3192018Assets 2019: $480,244Liabilities 2019: $0Net Assets 2019: $480,2442019Assets 2020: $455,504Liabilities 2020: $0Net Assets 2020: $455,5042020Assets 2021: $469,214Net Assets 2021: $469,2142021Assets 2022: $477,877Net Assets 2022: $477,8772022Assets 2023: $472,849Net Assets 2023: $472,8492023Assets 2024: $607,425Liabilities 2024: $0Net Assets 2024: $607,4252024

Highlighted filing

2024

Assets$607,425
Liabilities$0
Net Assets$607,425

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40K$20K$0-$20K-$40KRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $20,008Expenses 2018: $3,630Net Income 2018: $16,3782018Revenue 2019: $29,754Expenses 2019: $17,070Net Income 2019: $12,6842019Revenue 2020: $7,388Expenses 2020: $32,128Net Income 2020: -$24,7402020Revenue 2021: $21,562Expenses 2021: $7,852Net Income 2021: $13,7102021Revenue 2022: $16,015Expenses 2022: $7,352Net Income 2022: $8,6632022Revenue 2023: $7,280Expenses 2023: $12,308Net Income 2023: -$5,0282023Revenue 2024: $25,452Expenses 2024: $27,708Net Income 2024: -$2,2562024

Highlighted filing

2024

Revenue$25,452
Expenses$27,708
Net Income-$2,256
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.1
Gross Receipts
$25,452
Mission and Program Overview

Mission

This corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the nonprofit public benefit corporation law for public and charitable purposes. This corporation is organized and operated exclusively for charitable purposes within the meaning of 501 (c) (3). This corporation 509(a) (3) of the internal revenue code of 1986 and the regulations thereunder, as they now exist or as they may hereafter be amended (hereafter collectively referred to as the internal revenue code), for following specific purposes; (a) to support, benefit and assist the sekai mahikari bunmei kyodan u.s.a. (which is publicly supported religious organization, as defined in internal revenue code 509(a)), or programs which support or benefit the sekai mahikari bunmei kyodan - u.s.a. (b) to receive from any person, firm, foundation, corporation, or governmental agency, property which will constitute the endowment funds of the corporation or whic

This corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the Nonprofit Public Benefit Corporation Law for public and charitable purposes. This corporation is organized and operated exclusively for charitable purposes within the meaning of 501 c 3. This corporation 509a 3 of the Internal Revenue Code of 1986 and the Regulations thereunder, as they now exist or as they may hereafter be amended hereafter collectively referred to as the Internal Revenue Code, for following specific purposes a To support, benefit and assist the Sekai Mahikari Bunmei Kyodan U.S.A. which is publicly supported religious organization, as defined in Internal Revenue Code 509a, or programs which support or benefit the Sekai Mahikari Bunmei Kyodan - U.S.A. b To receive from any person, firm, foundation, corporation, or governmental agency, property which will constitute the endowment funds of the Corporation or which by gift, bequest,

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$300,000$318,172▲ $18,172
Land, Buildings, and Equipment, Net-$136,544-
Cash and Non-Interest-Bearing Accounts$60,849$40,709▼ $20,140
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$472,849$607,425▲ $134,576
Other Assets Total$112,000$112,000→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$472,849$607,425▲ $134,576
Total Net Assets Fund Balance$472,849$607,425▲ $134,576
Total Liabilities and Net Assets / Fund Balance$472,849$607,425▲ $134,576

Asset Categories

AssetBook ValueDepreciationBasis
Land$129,520-$129,520
Buildings-$100,693$100,693
Leasehold Improvements$7,024$1,226$8,250
Other Assets Org$112,000--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$25,452
Other Revenue
$0
Change in Net Assets
$-2,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$18,968
Other Expenses$8,740
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$18,968--$18,968
Other Expenses$7,327--$7,327
Fees for Services Accounting-$1,000-$1,000
Depreciation Depletion$288--$288
Office Expenses$125--$125
Total Functional Expenses$26,708$1,000$0$27,708
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Smbk Foundation
EIN
47-3539204
Address
600 N Golden Circle Dr, Santa Ana, CA 92705

Signing Officer

Name
Kenji Furue
Title
Secretary
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
CA
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Magari CPA Office Inc
Address
5900 Balcones Dr STE 100, Austin, TX 78731
Preparer
Kiyomitsu Magari
Phone
9497318157
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

= $136832

Raw XML Appendix352 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/LandGrp/BookValueAmt0129520
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0129520
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07024
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01226
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08250
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0112000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OtherAssets
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0136544
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0112000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2= $136832
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0472849
IRS990/TotalAssetsEOYAmt0607425
IRS990/TotalAssetsGrp/BOYAmt0472849
IRS990/TotalAssetsGrp/EOYAmt0607425
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01000
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt026708
IRS990/TotalFunctionalExpensesGrp/TotalAmt027708
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0472849
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0607425
IRS990/TotalProgramServiceExpensesAmt026708
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt025452
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt025452
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0472849
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0607425
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0600 N Golden Circle Dr
IRS990/USAddress/CityNm0Santa Ana
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092705
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kenji Furue
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SMBK FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SMBK
ReturnHeader/Filer/EIN0473539204
ReturnHeader/Filer/USAddress/AddressLine1Txt0600 N Golden Circle Dr
ReturnHeader/Filer/USAddress/CityNm0Santa Ana
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092705
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0874812132
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Magari CPA Office Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05900 Balcones Dr STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Austin
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078731
ReturnHeader/PreparerPersonGrp/PhoneNum09497318157
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kiyomitsu Magari
ReturnHeader/ReturnTs02025-05-09T16:49:09-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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