Robert H Smith School Of Business Foundation Inc

Potomac, MD
Tax-exempt since May 1975
EIN: 23-7332043

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Graduate, Professional Schools (Separate Entities) (B51Z) (NTEE)

Donations to this organization are tax deductible.

Revenue

$683k (2024)

Expenses

$540k (2024)

Total Assets

$12.6M (2024)

Total Liabilities

$3.84k (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Revenue

$682,892

Expenses

$539,865

Net Income

$143,027

Net Assets

$12,630,596

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$27,183	4.0%
Interest Revenue	$77,666	11.4%
Dividends	$155,795	22.8%
Sales of Assets	$421,966	61.8%
Other Income	$282	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$450,082	83.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,634,440
Total Liabilities	$3,844
Net Assets	$12,630,596

Compensation

Key Employees and Officers	Compensation	Other
John Boyle (Chairman Of The Board)	$0	$0
Charles Olson (Treasurer)	$0	$0
Joanne W Weimer (Secretary)	$0	$0
Ron Olson (Asst Treasurer / Asst Secretary)	$0	$0
M Christine Baker (Asst Treasurer / Asst Secretary)	$0	$0

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990-PF

Filed on Nov. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2023

Revenue

$689,261

Expenses

$137,163

Net Income

$552,098

Net Assets

$11,521,316

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,250	0.2%
Interest Revenue	$46,166	6.7%
Dividends	$193,920	28.1%
Sales of Assets	$447,925	65.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,200	29.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,528,240
Total Liabilities	$6,924
Net Assets	$11,521,316

Compensation

Key Employees and Officers	Compensation	Other
John Boyle (Chairman)	$0	$0
Charles Olson (Treasurer)	$0	$0
Joanne W Weimer (Secretary)	$0	$0
Ron Olson (Asst Treasurer / Asst Secretary)	$0	$0

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990-PF

Filed on Oct. 10, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2022

Revenue

$969,901

Expenses

$171,083

Net Income

$798,818

Net Assets

$10,602,791

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$98	0.0%
Dividends	$160,536	16.6%
Sales of Assets	$809,267	83.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,614,418
Total Liabilities	$11,627
Net Assets	$10,602,791

Compensation

Key Employees and Officers	Compensation	Other
Dennis Gurtz (Chairman)	$0	$0
Charles Olson (Treasurer)	$0	$0
Joanne W Weimer (Secretary)	$0	$0
Ron Olson (Asst Treasurer / Asst Secretary)	$0	$0

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990-PF

Filed on Nov. 7, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2021

Revenue

$1,560,121

Expenses

$155,354

Net Income

$1,404,767

Net Assets

$12,065,288

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$910	0.1%
Dividends	$134,654	8.6%
Sales of Assets	$1,424,557	91.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,084,838
Total Liabilities	$19,550
Net Assets	$12,065,288

Compensation

Key Employees and Officers	Compensation	Other
Dennis Gurtz (Chairman)	$0	$0
Charles Olson (Treasurer)	$0	$0
Joanne W Weimer (Secretary)	$0	$0
Ron Olson (Asst Treasurer / Asst Secretary)	$0	$0

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990-PF

Filed on Nov. 12, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2020

Revenue

-$227,060

Expenses

$113,066

Net Income

-$340,126

Net Assets

$8,980,720

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,193
Dividends	$132,202
Sales of Assets	$0
Other Income	$2,243

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$29,699	26.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,067,767
Total Liabilities	$1,087,047
Net Assets	$8,980,720

Compensation

Key Employees and Officers	Compensation	Other
Dennis Gurtz (Chairman)	$0	$0
Charles Olson (Treasurer)	$0	$0
Joanne W Weimer (Secretary)	$0	$0
Ron Olson (Asst Treasurer / Asst Secretary)	$0	$0

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990-PF

Filed on May 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2019

Revenue

$3,165,143

Expenses

$2,463,249

Net Income

$701,894

Net Assets

$8,639,499

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,615	0.1%
Dividends	$124,306	3.9%
Sales of Assets	$453,152	14.3%
Other Income	$2,586,070	81.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$491,472	20.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,499,123
Total Liabilities	$859,624
Net Assets	$8,639,499

Compensation

Key Employees and Officers	Compensation	Other
B Gary Dando (President)	$0	$0
John Boyle (Vice President)	$0	$0
Jeff Caples (Secretary/Treasurer)	$0	$0
Jon Crocker (Director)	$0	$0
Joanne W Weimer (Director)	$0	$0
Charles Olson (Director)	$0	$0
Rose H Cohen (Director)	$0	$0
Ron Olson (Emeritus)	$0	$0
Dennis Gurtz (Director)	$0	$0

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990-PF

Filed on May 12, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2018

Revenue

$2,964,349

Expenses

$2,881,015

Net Income

$83,334

Net Assets

$8,025,081

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$987	0.0%
Dividends	$115,629	3.9%
Sales of Assets	$185,636	6.3%
Other Income	$2,662,097	89.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$522,879	18.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,748,509
Total Liabilities	$723,428
Net Assets	$8,025,081

Compensation

Key Employees and Officers	Compensation	Other
B Gary Dando (President)	$0	$0
John Boyle (Vice President)	$0	$0
Jeff Caples (Secretary/Treasurer)	$0	$0
David Naftaly (Director)	$0	$0
Joanne W Weimer (Director)	$0	$0
Charles Olson (Director)	$0	$0
Rose H Cohen (Director)	$0	$0
Ron Olson (Emeritus)	$0	$0
Jon Crocker (Director)	$0	$0
Dennis Gurtz (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2017

Revenue

$4,280,319

Expenses

$3,870,968

Net Income

$409,351

Net Assets

$7,850,187

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$581	0.0%
Dividends	$112,146	2.6%
Sales of Assets	$485,452	11.3%
Other Income	$3,682,140	86.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$710,786	18.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,210,426
Total Liabilities	$1,360,239
Net Assets	$7,850,187

Compensation

Key Employees and Officers	Compensation	Other
B Gary Dando (President)	$0	$0
John Boyle (Vice President)	$0	$0
Jeff Caples (Secretary/Treasurer)	$0	$0
David Naftaly (Director)	$0	$0
Joanne W Weimer (Director)	$0	$0
Charles Olson (Director)	$0	$0
Rose H Cohen (Director)	$0	$0
Ron Olson (Emeritus)	$0	$0

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990-PF

Filed on Nov. 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2016

Revenue

$3,697,009

Expenses

$3,431,835

Net Income

$265,174

Net Assets

$6,960,669

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$816	0.0%
Dividends	$104,372	2.8%
Sales of Assets	$258,067	7.0%
Other Income	$3,333,754	90.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$606,560	17.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,081,050
Total Liabilities	$2,120,381
Net Assets	$6,960,669

Compensation

Key Employees and Officers	Compensation	Other
B Gary Dando (President)	$0	$0
John Boyle (Vice President)	$0	$0
Jeff Caples (Secretary/Treasurer)	$0	$0
David Naftaly (Director)	$0	$0
Joanne W Weimer (Director)	$0	$0
Charles Olson (Director)	$0	$0
Rose H Cohen (Director)	$0	$0
Ron Olson (Emeritus)	$0	$0

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990-PF

Filed on Dec. 1, 2016

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Fiscal Year Ending June
2015

Revenue

$2,877,308

Expenses

$2,541,632

Net Income

$335,676

Net Assets

$6,970,745

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,770	0.2%
Dividends	$100,959	3.5%
Sales of Assets	$458,170	15.9%
Other Income	$2,313,409	80.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$305,774	12.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,740,799
Total Liabilities	$770,054
Net Assets	$6,970,745

Compensation

Key Employees and Officers	Compensation	Other
B Gary Dando (President)	$0	$0
John Boyle (Vice President)	$0	$0
Jeff Caples (Secretary/Treasurer)	$0	$0
David Naftaly (Director)	$0	$0
Joanne W Weimer (Director)	$0	$0
Charles Olson (Director)	$0	$0
Rose H Cohen (Director)	$0	$0
Ron Olson (Emeritus)	$0	$0

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990-PF

Filed on Jan. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2014

Revenue

$2,746,050

Expenses

$2,878,757

Net Income

-$132,707

Net Assets

$6,570,318

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$11,375	0.4%
Interest Revenue	$2,997	0.1%
Dividends	$131,190	4.8%
Sales of Assets	$388,141	14.1%
Other Income	$2,212,347	80.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$738,455	25.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,001,383
Total Liabilities	$1,431,065
Net Assets	$6,570,318

Compensation

Key Employees and Officers	Compensation	Other
B Gary Dando (President)	$0	$0
John Boyle (Vice President)	$0	$0
Jeff Caples (Secretary/Treasurer)	$0	$0
David Naftaly (Director)	$0	$0
Joanne W Schram (Director)	$0	$0
Charles Olson (Director)	$0	$0
Rose H Cohen (Director)	$0	$0
Ron Olson (Emeritus)	$0	$0

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990-PF

Filed on Dec. 4, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2013

Revenue

$2,400,606

Expenses

$2,908,332

Net Income

-$507,726

Net Assets

$6,231,515

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	0.2%
Interest Revenue	$8,174	0.3%
Dividends	$100,989	4.2%
Sales of Assets	$276,672	11.5%
Other Income	$2,009,771	83.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$940,408	32.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,871,156
Total Liabilities	$1,639,641
Net Assets	$6,231,515

990-PF

Filed on Dec. 31, 2013

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2012

Revenue

$1,889,272

Expenses

$1,894,450

Net Income

-$5,178

Net Assets

$6,388,781

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,592	0.6%
Interest Revenue	$5,551	0.3%
Dividends	$85,558	4.5%
Sales of Assets	$0
Other Income	$1,796,476	95.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$238,089	12.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,038,157
Total Liabilities	$649,376
Net Assets	$6,388,781

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Robert H Smith School Of Business Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $683k (2024)

Expenses $540k (2024)

Total Assets $12.6M (2024)

Total Liabilities $3.84k (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$683k (2024)

Expenses

$540k (2024)

Total Assets

$12.6M (2024)

Total Liabilities

$3.84k (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

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2021

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2020

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2019

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2018

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2017

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2016

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2015

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2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

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2011

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2010

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2009

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2008

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2007

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2006

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2005

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2004

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2003

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2002

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2001