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Smfb Nmtc Support Corp

Phoenix, AZ · EIN 93-1873208 · 501(c)(3) · Supporting organization, Type III other
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Smfb Nmtc Support Corp reported $343,000 in revenue and $257,291 in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $99.47 went to program services, $0.53 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 100.0% of the total. The highest compensation it reported for one person was $547,105 (VICE PRESIDENT). Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $257K

For context, the median across 349 covered food, agriculture & nutrition charities: $94.56 programs, $3.12 management, $2.32 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $343K

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 349 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
99.5%94.2%
Management & general
Part IX 25(C) ÷ 25(A)
0.5%3.1%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%2.3%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%96.4%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%10.5%
Program service revenue share
Part VIII 2g ÷ 12
0.0%1.3%
Highest reported compensation
Part VII-A, columns D–F
$547,105$213,323
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
212.64%0.61%
People paid over $100,000
Part VII, line 2
03
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
1,157.16.6
Independent voting board members
Part VI 1a–1b
3 of 5100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$256K expenses · 100.0% of program spending · grants $256K

Smfb Nmtc Support Corp was formed to benefit st. Mary's food bank alliance ("st. Mary's"), an arizona nonprofit corporation, and to facilitate the new markets tax credit ("nmtc") program. The nmtc program is an alternative financing complement to conventional capital sources and is patterned after the federal new markets tax credit program. The purpose of the program is to encourage capital investment in low-income communities and to create new jobs. The nmtc program permits investors/note holders to claim a credit against federal income taxes for qualified equity investments ("qeis") in…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
VICE PRESIDENT
Director/trustee, officer, 1.00 hrs/week
$0$484,928$62,177$547,105
CFO (THRU FEB 2024)
Officer, 1.00 hrs/week
$0$235,278$4,534$239,812
SENIOR VP OF FINANCE
Officer, 1.00 hrs/week
$0$156,575$26,428$183,003
SECRETARY
Director/trustee, officer, 0.10 hrs/week
$0$173,780$7,795$181,575

0 people received more than $100,000 in reportable compensation from Smfb Nmtc Support Corp (Part VII, line 2).

2 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$343K$257K99.5%$25M$547,105
FY2024 ⓘ$25M$313K100.0%$25M$272,645

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b5 · 3 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50
  • Volunteers Part I, line 65

Correct a figure or respond

Every number above is copied from Smfb Nmtc Support Corp's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Smfb Nmtc Support Corp, you can publish a response that is linked from this page.

Questions people ask

How much of Smfb Nmtc Support Corp's spending goes to programs?

In the fiscal year ending June 30, 2025, Smfb Nmtc Support Corp reported that 99.5% of its $257,291 in expenses went to program services, 0.5% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Smfb Nmtc Support Corp pay its top executive?

The largest total compensation Smfb Nmtc Support Corp reported for one person in the fiscal year ending June 30, 2025 was $547,105, for the role of VICE PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Smfb Nmtc Support Corp get its money?

Of $343,000 in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Smfb Nmtc Support Corp a registered charity?

The IRS lists EIN 93-1873208 as a 501(c)(3) organization (supporting organization, type iii other), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641289349301154 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541339349303804 · read the filing

All filings for EIN 93-1873208: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.