Smst Dissolving Inc in Dallas, Texas (TX)

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Smst Dissolving Inc
Employer Identification Number (EIN)750917403
Name of OrganizationSmst Dissolving Inc
AddressDallas, TX 75315
Tax Period2005
Asset Amount$8,876,686
Amount of Income$2,195,436
Form 990 Revenue Amount$2,195,436
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Science and Technology Museums


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Amount of income in 2005: $2,195,436
Smst Dissolving Inc: 

 $2,195,436
Other organizations performing similar types of work: 

 $1,499,601

Assets in 2005: $8,876,686
This organization: 

 $8,876,686
Other organizations performing similar types of work: 

 $4,455,477

Expenses in 2005: $2,221,781
Smst Dissolving Inc: 

 $2,221,781
Other organizations performing similar types of work: 

 $1,517,190

Income to expenses ratio in 2005: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2005: 75.9%
Smst Dissolving Inc: 

 75.9%
Other organizations performing similar types of work: 

 78.1%

Number of employees in 2005: 100
Smst Dissolving Inc: 

 100
Other organizations performing similar types of work: 

 47

Employees paid over $50,000 in 2005: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 11.3%

Grants share in income in 2005: 27.2%
Smst Dissolving Inc: 

 27.2%
Other organizations performing similar types of work: 

 56.1%

Financial snapshot ($)

Revenue for 2005

Expenses for 2005

Functional Expenses for 2005 ($)

Income-Producing Activities for 2005

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002200320042005
Total revenue$6,581,765$3,618,734$3,613,422$4,905,233$3,769,780$2,195,436
Contributions, gifts, grants, and similar amounts received$3,089,076$1,007,719$1,355,372$2,629,542$1,535,532$598,139
Contributions to donor advised funds
Direct public support$2,634,898$553,894$936,477$2,270,924$1,181,923$363,222
Indirect public support$29,385$0$0$0$0$0
Government contributions (grants)$424,793$453,825$418,895$358,618$353,609$234,917
Program service revenue including government fees and contracts$2,889,895$2,224,175$2,018,600$1,973,959$1,784,570$1,345,894
Membership dues and assessments$385,329$286,118$216,921$202,990$219,345$139,292
Interest on savings and temporary cash investments$32,027$19,675$6,018$-348$6,511$8,130
Dividends and interest from securities$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0
Net income or (loss) from special events and activities$-9,453$-23,650$-44,078$-29,227$23,172$-4,862
Gross revenue$103,526$84,992$108,255$64,676$312,157$41,034
Less: direct expenses other than fundraising expenses$112,979$108,642$152,333$93,903$288,985$45,896
Gross profit or (loss) from sales of inventory$194,024$104,697$23,971$0$0$0
Gross sales of inventory, less returns and allowances$356,346$225,750$52,759$0$0$0
Less: cost of goods sold$162,322$121,053$28,788$0$0$0
Other revenue$867$0$36,618$128,317$200,650$108,843
Total expenses$6,194,420$4,669,239$4,113,559$4,072,022$4,301,526$2,221,781
Program services$4,957,543$3,770,857$3,211,556$3,095,157$3,395,670$1,685,961
Management and general$864,403$631,448$626,554$680,615$625,365$364,826
Fundraising$372,474$266,934$275,449$296,250$280,491$170,994
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$11,879,472$9,146,273$8,575,221$9,408,432$8,876,686$0
Excess or (deficit) for the year$387,345$-1,050,505$-500,137$833,211$-531,746$-26,345
Net assets or fund balances at beginning of year$11,487,130$11,879,475$9,146,273$8,575,221$9,408,432$8,876,686
Other changes in net assets or fund balances$4,997$-1,682,697$-70,915$0$0$-8,850,341
Statement of Functional Expenses (for 2005)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$2,221,781$1,685,961$364,826$170,994
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$199,083$40,876$120,257$37,950
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$973,241$780,597$100,047$92,597
Pension plan contributions not included above$42,257$23,413$11,388$7,456
Employee benefits not included above$143,420$91,763$34,935$16,722
Payroll taxes$123,706$89,248$21,102$13,356
Professional fundraising fees$0$0$0$0
Accounting fees$31,837$0$31,837$0
Legal fees$0$0$0$0
Supplies$78,081$71,496$4,660$1,925
Telephone$32,207$27,696$4,387$124
Postage and shipping$13,468$12,202$1,264$2
Occupancy$9,107$5,915$3,192$0
Equipment rental and maintenance$71,390$62,344$8,918$128
Printing and publications$85,477$81,874$3,361$242
Travel$3,364$3,194$163$7
Conferences, conventions, and meetings$0$0$0$0
Interest$28,842$21,621$7,221$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$386,301$373,722$12,094$485
Balance Sheets
200020012002200320042005
Total assets$12,872,182$10,362,368$9,232,181$9,658,349$9,450,165$0
Cash - non-interest-bearing$303,706$105,486$112,292$82,946$92,395$0
Savings and temporary cash investments$922,689$710,643$314,977$181,928$320,639$0
Accounts receivable less allowance for doubtful accounts$135,830$11,916$29,149$19,443$22,664$0
Pledges receivable less allowance for doubtful accounts$1,543,218$202,576$268,905$873,792$258,781$0
Grants receivable$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0
Inventories for sale or use$70,507$43,111$0$0$0$0
Prepaid expenses and deferred charges$956,137$827,137$670,852$609,950$544,519$0
Investments - publicly-traded securities
Investments - other securities$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$8,940,095$8,461,499$7,836,006$7,890,290$8,211,167$0
Other assets, including program-related investments$0$0$0$0$0$0
Total liabilities$992,710$1,216,095$656,960$249,917$573,479$0
Accounts payable and accrued expenses$943,946$679,618$598,562$187,600$453,941$0
Grants payable$0$0$0$0$0$0
Deferred revenue$48,764$36,477$58,398$62,317$119,538$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0
Other liabilities$0$500,000$0$0$0$0
Total liabilities and net assets/fund balances$12,872,182$10,362,368$9,232,181$9,658,349$9,450,165$0
Total net assets or fund balances$11,879,472$9,146,273$8,575,221$9,408,432$8,876,686$0
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002200320042005
Total revenue$6,581,765$3,618,734$3,613,422$4,905,233$3,769,780$0
Total revenue, gains, and other support per audited financial statements$8,088,788$4,839,636$4,534,425$5,639,486$5,005,811$0
Other expenses$1,507,023$1,220,902$921,003$734,253$1,236,031$0
Net unrealized gains on investments$0$0$0$0$0$0
Donated services and use of facilities$1,231,722$991,207$739,882$640,350$947,046$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$275,301$229,695$181,121$93,903$288,985$0
Other revenue$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002200320042005
Total expenses$6,194,421$4,669,239$4,113,559$4,072,022$4,301,526$0
Total expenses and losses per audited financial statements$7,701,444$5,890,141$5,034,562$4,806,275$5,537,557$0
Other revenue$1,507,023$1,220,902$921,003$734,253$1,236,031$0
Donated services and use of facilities$1,231,722$991,207$739,882$640,350$947,046$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$275,301$229,695$181,121$93,903$288,985$0
Other expenses$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings33
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?Yes
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006100
Analysis of Income-Producing Activities (for 2005)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$8,130$1,589,167
Program service revenue
Program service revenue 1000000$000$0$1,009,232
Program service revenue 2000000$000$0$271,439
Program service revenue 3000000$000$0$45,500
Program service revenue 4000000$000$0$19,723
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$139,292
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$8,130$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$-4,862
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$108,843
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
199920002001200220032004
Total$6,176,388$6,282,270$5,724,410$4,388,331$6,237,114$4,716,826
Gifts, grants, and contributions received$1,587,971$1,957,730$1,243,712$1,392,610$3,219,072$1,535,532
Membership fees received$406,957$385,329$286,118$216,921$202,990$219,345
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$3,577,211$3,349,767$3,618,355$2,179,614$1,901,668$1,784,570
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$45,037$32,027$19,675$6,018$6,018$6,511
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$556,550$556,550$556,550$556,550$640,350$947,046
Other income$2,662$867$0$36,618$267,016$223,822
Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alaska2
Alabama1
Arizona2
California5
Colorado4
Connecticut1
Florida6
Georgia2
Iowa2
Idaho2
Illinois4
Indiana1
Kentucky1
Louisiana3
Massachusetts1
Maryland1
Maine1
Michigan2
Minnesota1
Montana1
North Carolina4
North Dakota1
Nebraska1
New Hampshire1
New Jersey4
New York9
Ohio4
Oklahoma3
Oregon2
Pennsylvania1
Tennessee1
Texas8
Virginia2
Vermont1
Washington4
Wisconsin2
West Virginia1
Total92

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