Civic Intelligence

Smart Bellies

EIN 83-1557278 • 501(c)3 • Breckenridge, CO

Profile

Feeding students in summit county, colorado. Smart bellies backpack food program strives to eliminate childhood hunger on the weekends by providing backpacks full of nutritious food, allowing children to get the full benefit of their education and development.

PO Box 8374Breckenridge, CO 80424

www.smartbellies.org

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.01x

Higher debt load relative to assets than 43% of similar nonprofits.

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

Liabilities / Revenue

39th percentile

0.00x

Higher debt load relative to revenue than 39% of similar nonprofits.

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

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

85th percentile

39%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

86th percentile

58%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Assets

Up

$371,960

Up $222,229 (+148%) from 2023

Liabilities

Up

$2,358

Up $1,156 (+96%) from 2023

Net Assets

Up

$369,602

Up $221,073 (+149%) from 2023

Revenue

Up

$810,278

Up $407,901 (+101%) from 2023

Expenses

Up

$589,205

Up $142,411 (+32%) from 2023

Net Income

Up

$221,073

Up $265,490 (+598%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2020: $144,223Liabilities 2020: $0Net Assets 2020: $144,2232020Assets 2021: $176,604Liabilities 2021: $0Net Assets 2021: $176,6042021Assets 2022: $193,779Liabilities 2022: $833Net Assets 2022: $192,9462022Assets 2023: $149,731Liabilities 2023: $1,202Net Assets 2023: $148,5292023Assets 2024: $371,960Liabilities 2024: $2,358Net Assets 2024: $369,6022024

Highlighted filing

2024

Assets$371,960
Liabilities$2,358
Net Assets$369,602

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $233,657Expenses 2020: $91,794Net Income 2020: $141,8632020Revenue 2021: $243,032Expenses 2021: $210,651Net Income 2021: $32,3812021Revenue 2022: $323,688Expenses 2022: $307,346Net Income 2022: $16,3422022Revenue 2023: $402,377Expenses 2023: $446,794Net Income 2023: -$44,4172023Revenue 2024: $810,278Expenses 2024: $589,205Net Income 2024: $221,0732024

Highlighted filing

2024

Revenue$810,278
Expenses$589,205
Net Income$221,073

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.0
Gross Receipts
$819,993
Mission and Program Overview

Mission

Feeding students in summit county, colorado. Smart bellies backpack food program strives to eliminate childhood hunger on the weekends by providing backpacks full of nutritious food, allowing children to get the full benefit of their education and development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$95,864$172,253▲ $76,389
Savings and Temporary Cash Investments$4,087$160,309▲ $156,222
Land, Buildings, and Equipment, Net$48,280$37,898▼ $10,382
Total Assets$149,731$371,960▲ $222,229
Other Assets Total$1,500$1,500→ $0
Liabilities
Other Liabilities$1,202$2,358▲ $1,156
Total Liabilities$1,202$2,358▲ $1,156
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$148,529$369,602▲ $221,073
Total Net Assets Fund Balance$148,529$369,602▲ $221,073
Total Liabilities and Net Assets / Fund Balance$149,731$371,960▲ $222,229

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$33,327$16,664$49,991
Leasehold Improvements$4,571$1,182$5,753
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Margaret SheeheCo-founder &PT$50,000$50,000
Sarah SchmidtCo-founder &PT$50,000$50,000

Board Members and Trustees

NameTitle
Ernesto ValderammaAdmin Chair
Mike BogenExec Chair-b
Marci AerensonExec Chair-e
Kendra CarpenterBoard Member
Matt MichalskiBoard Member
Meredith SmithBoard Member
Natalie KoonceBoard Member
Robyn NicoliBoard Member
Jenny StaffordDevelopment
Nick BorovichFinance Chai
Revenue and Support

Revenue Composition

Contributions and Grants
$721,730
Program Service Revenue
$0
Investment Income
$2,181
Other Revenue
$86,367
All Other Contributions
$665,877
Change in Net Assets
$221,073
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$434,787
Salaries, Compensation, and Employee Benefits$154,418
Total Fundraising Expense$5,771
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$79,000$16,000$5,000$100,000
Other Salaries and Wages$43,201--$43,201
Other Expenses$33,321--$33,321
Occupancy$25,118$4,770-$29,888
Payroll Taxes$9,646$1,122$449$11,217
Depreciation Depletion$10,382--$10,382
Insurance$10,190--$10,190
All Other Expenses$6,918$504-$7,422
Advertising$5,090$1,031$322$6,443
Office Expenses-$5,331-$5,331
Fees for Services Other$2,085--$2,085
Travel$1,812--$1,812
Total Functional Expenses$554,676$28,758$5,771$589,205
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$93,794
Fundraising Direct Expenses$8,623
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Birthday Bash$96,465$71,846$757$71,089
Pickleball Tour$20,066$9,332$3,428$5,904
Total Events$122,046$86,693$7,695$78,998
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$2,358
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Board is provided a draft copy of the form 990 for approval via email prior to filing.

Form 990, Page 6, Part VI, Line 19

All governing documents, conflict of interest policy, and the financial statements are available upon request during regular business hours. Call 970-368-2848.

Filing and Contact Details

Filer

Filer Name
Smart Bellies
EIN
83-1557278
Phone
9703682848
Address
PO BOX 8374, BRECKENRIDGE, CO 80424

Signing Officer

Name
Margaret Sheehe
Title
Co-founder & Director
Phone
9703682848
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Bogen
Formed
2018
Legal Domicile
Co
Voting Board Members
10
Independent Board Members
10
Employees
4
Volunteers
400

Preparer

Firm
Stuhr & Associates LLC
Address
PO BOX 573, FRISCO, CO 80443
Preparer
Jolene R Reddell
Phone
9706685516
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Feeding students in summit county, colorado. Smart bellies backpack food program strives to eliminate childhood hunger on the weekends by providing backpacks full of nutritious food, allowing children to get the full benefit of their education and development.

Form 990, Page 1, Part I, Line 6

Volunteers prep, pack, and deliver food for the weekend backpack program. They also help with volunteer management, food procurement, marketing, donor relations, and general weekly operations.

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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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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0303
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt02288
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt05071
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02181
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt06200
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01182
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05753
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt033327
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016664
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt049991
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02358
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt037898
IRS990ScheduleD/TotalLiabilityAmt02358
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt024619
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FEEDING STUDENTS IN SUMMIT COUNTY, COLORADO. SMART BELLIES BACKPACK FOOD PROGRAM STRIVES TO ELIMINATE CHILDHOOD HUNGER ON THE WEEKENDS BY PROVIDING BACKPACKS FULL OF NUTRITIOUS FOOD, ALLOWING CHILDREN TO GET THE FULL BENEFIT OF THEIR EDUCATION AND DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VOLUNTEERS PREP, PACK, AND DELIVER FOOD FOR THE WEEKEND BACKPACK PROGRAM. THEY ALSO HELP WITH VOLUNTEER MANAGEMENT, FOOD PROCUREMENT, MARKETING, DONOR RELATIONS, AND GENERAL WEEKLY OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD IS PROVIDED A DRAFT COPY OF THE FORM 990 FOR APPROVAL VIA EMAIL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST DURING REGULAR BUSINESS HOURS. CALL 970-368-2848.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalEmployeeCnt04
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