Nonprofit · EIN 23-7332043
ROBERT H SMITH SCHOOL OF BUSINESS FOUNDATION INC
Tax-exempt · POTOMAC, MD 20854
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $949,190 | $584,226 | $364,964 | $13,509,641 | $5,926 | $13,503,715 |
| June 30, 2024 | 990-PF | $682,892 | $539,865 | $143,027 | $12,634,440 | $3,844 | $12,630,596 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,553
- Dividends
- $171,206
- Interest
- $71,182
- Net gain from sales of assets
- $705,249
Expenses
- Grants and similar amounts paid
- $506,486
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $506,486
- Excise tax on investment income
- $3,099
Balance sheet and other
- Total assets, start of year
- $12,634,440
- Total assets, end of year
- $13,509,641
- Total liabilities, end of year
- $5,926
- Net assets, end of year
- $13,503,715
- Fair market value of assets
- $13,509,641
- Qualifying distributions
- $506,486
- Net investment income
- $242,388
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN BOYLE 150 BOSHERS POINT ROAD, HERTFORD, NC 27944 | CHAIRMAN OF THE BOARD | 2 | $0 |
| CHARLES OLSON 10822 ALLOWAY DR, POTOMAC, MD 20854 | TREASURER | 2 | $0 |
| JOANNE W WEIMER 1874 LUCE CREEK DR, ANNAPOLIS, MD 21401 | SECRETARY | 2 | $0 |
| RON OLSON 3305 RIVER CRESCENT DR, ANNAPOLIS, MD 21401 | ASST TREASURER / ASST SECRETARY | 2 | $0 |
| M CHRISTINE BAKER 2032 E 38TH STREET, TULSA, OK 74105 | ASST TREASURER / ASST SECRETARY | 2 | $0 |
990-PF for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN BOYLE 150 BOSHERS POINT ROAD, HERTFORD, NC 27944 | CHAIRMAN OF THE BOARD | 2 | $0 |
| CHARLES OLSON 10822 ALLOWAY DR, POTOMAC, MD 20854 | TREASURER | 2 | $0 |
| JOANNE W WEIMER 1874 LUCE CREEK DR, ANNAPOLIS, MD 21401 | SECRETARY | 2 | $0 |
| RON OLSON 3305 RIVER CRESCENT DR, ANNAPOLIS, MD 21401 | ASST TREASURER / ASST SECRETARY | 2 | $0 |
| M CHRISTINE BAKER 2032 E 38TH STREET, TULSA, OK 74105 | ASST TREASURER / ASST SECRETARY | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 10822 ALLOWAY DR, POTOMAC, MD 20854-1503
- Signed the 990-PF
- CHARLES OLSON, TREASURER
- Phone
- (301) 983-1175
- Website
- RHSMITHSCHOOLFOUNDATION.ORG
- Return prepared by
- ROSENBLOOM & BUTLER CPAS PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 23-7332043
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1975
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Education (B51Z)
- Assets (IRS master file)
- $13,509,641
- Income (IRS master file)
- $5,657,019
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $949,190 | $584,226 | $13,509,641 | XML |
| 990-PF | June 2024 | $682,892 | $539,865 | $12,634,440 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2020 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | IRS |
| 990-PF | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7332043).
Questions about ROBERT H SMITH SCHOOL OF BUSINESS FOUNDATION INC
- What is the EIN of ROBERT H SMITH SCHOOL OF BUSINESS FOUNDATION INC?
- The employer identification number (EIN) of ROBERT H SMITH SCHOOL OF BUSINESS FOUNDATION INC is 23-7332043.
- Is ROBERT H SMITH SCHOOL OF BUSINESS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to ROBERT H SMITH SCHOOL OF BUSINESS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ROBERT H SMITH SCHOOL OF BUSINESS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ROBERT H SMITH SCHOOL OF BUSINESS FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ROBERT H SMITH SCHOOL OF BUSINESS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of ROBERT H SMITH SCHOOL OF BUSINESS FOUNDATION INC?
- The 990-PF for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does ROBERT H SMITH SCHOOL OF BUSINESS FOUNDATION INC have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $949,190, expenses of $584,226 and total assets of $13,509,641 at year end.
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