Overview
What is Smile And Using Money Wisely Inc?
Smile and Using Money Wisely Inc, also known as Smile Payee Services, is a nonprofit organization that offers representative payee, bill payment, and money management services to individuals receiving government or retirement benefits, work wages, or those requiring an alternate payee. Based on the provided information, the company's mission is to support people in managing their finances effectively. By providing these essential services, Smile Payee Services aims to empower individuals and ensure they have the necessary assistance in managing their financial needs.
Official website here: www.smilepayee.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Smile And Using Money Wisely Inc has received a commendable Three-Star rating from Charity Navigator based on their strong performance in accountability and finance. The organization demonstrates a commitment to transparency, with an independent board comprising 60% independent members and a well-documented conflict of interest policy. Their fiscal responsibility is further highlighted by having a program expense ratio of 100%, indicating that all funds are utilized for their intended programs.
The nonprofit has maintained excellent governance practices, scoring top points in all relevant categories, including material diversion of assets and whistleblower policies. They also ensure that critical documents, such as tax forms and board meeting minutes, are readily available to the public, which enhances their credibility and trustworthiness.
However, while the overall score is impressive, it is derived from a single beacon score focused solely on accountability and finance. Potential donors or stakeholders might seek additional information about the organization's programmatic impact and outreach efforts to gain a more comprehensive understanding of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Smile And Using Money Wisely Inc legitimate?
Smile And Using Money Wisely Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Smile And Using Money Wisely Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $547,929
For more financial information, click here
Official website here: www.smilepayee.org
What is the mission statement of Smile And Using Money Wisely Inc?
Smile and Using Money Wisely Inc offers representative payee, bill payment, and money management services to individuals receiving government or retirement benefits, work wages, or those in need of an alternate payee. The company's mission is to provide essential financial assistance and ensure the proper management of funds for these individuals. Through its representative payee program, Smile and Using Money Wisely Inc acts as a trusted intermediary, managing beneficiaries' finances and making payments for bills and expenses on their behalf. The organization's client-focused approach aims to promote financial stability and independence for its clients. Its services not only help individuals manage their funds effectively but also offer peace of mind, providing reassurance that important financial obligations are met consistently.
Official website here: www.smilepayee.org
Who is the CEO of Smile And Using Money Wisely Inc?
Lawrence L Sharp Iii is the Ceo of Smile And Using Money Wisely Inc. The CEO's salary of Smile And Using Money Wisely Inc is $292,000 and their total compensation is $292,000.
Official website here: www.smilepayee.org
What is the revenue of Smile And Using Money Wisely Inc?
Smile And Using Money Wisely Inc's revenue in 2022 was $17,593,442.
Official website here: www.smilepayee.org
Who are the executives of Smile And Using Money Wisely Inc and what are their salaries?
There 1 volunteer at Smile And Using Money Wisely Inc.
Here are 10 key members and their salaries (Smile And Using Money Wisely Inc's CEO's salary is $292,000 and their total compensation is $292,000):
- Compensation: $292,000
- Related: $0
- Other: $0
- Compensation: $48,750
- Related: $0
- Other: $0
- Compensation: $43,500
- Related: $0
- Other: $0
- Compensation: $40,600
- Related: $0
- Other: $0
- Compensation: $31,000
- Related: $0
- Other: $0
- Compensation: $25,100
- Related: $0
- Other: $0
- Compensation: $9,750
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.smilepayee.org
Where can I find the form 990 for Smile And Using Money Wisely Inc?
Smile And Using Money Wisely Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.smilepayee.org
Learn more at the official website: www.smilepayee.org
Mission Statement of Smile And Using Money Wisely Inc
Smile and Using Money Wisely Inc, a renowned organization, is committed to assisting individuals in managing their financial affairs. The nonprofit specializes in providing representative payee, bill payment, and money management services for people receiving government or retirement benefits, work wages, or those who may require an alternate payee.
At the heart of Smile and Using Money Wisely Inc's mission lies the dedication to ensuring the financial well-being of its clients. The organization takes pride in its ability to act as a payee on behalf of individuals who may have difficulty managing their finances due to various reasons, including age, disability, or lack of financial literacy. By assuming this role, Smile and Using Money Wisely Inc enables its clients to focus on other aspects of their lives, such as health or personal development.
Additionally, Smile and Using Money Wisely Inc offers bill payment services, ensuring that essential expenses are met promptly and accurately. This not only helps clients avoid late fees and penalties but also provides them with peace of mind, knowing that their financial obligations are being handled in a responsible manner. The organization's money management services further enhance its clients' financial stability by helping them create and adhere to budgets, manage debts, and make informed financial decisions.
Smile and Using Money Wisely Inc's client payee services round out its comprehensive offerings, providing an all-encompassing solution for individuals seeking assistance in managing their financial affairs. Through its various services, the organization empowers its clients to maintain their financial independence while alleviating the stress and complexities often associated with managing finances.
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Impact
October, 2024
Smile And Using Money Wisely Inc significantly impacts individuals who require assistance in managing their finances. By providing representative payee services, bill payment assistance, and comprehensive money management, the organization empowers clients—primarily those receiving government or retirement benefits and individuals with work wages. Their services ensure that clients can navigate financial responsibilities with confidence, promoting stability and security.
In essence, the organization helps clients manage their income effectively, which reduces stress and fosters a sense of independence. By acting as an alternate payee, they alleviate the burden of financial management for those who may struggle with it, allowing clients to focus on other aspects of their lives. This approach not only enhances the financial well-being of individuals but also supports their overall quality of life within the community. Through these services, Smile And Using Money Wisely Inc plays a crucial role in fostering financial literacy and responsibility among its clients, ultimately contributing to their empowerment and improved life circumstances.
This information is meant to be a general summary of Smile And Using Money Wisely Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $17,593,442
- Gross Receipts: $17,593,442
Assets and Liabilities:
- Total Assets: $5,056,452
- Total Liabilities: $2,371,643
- Net Assets: $2,684,809
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PAYEE SERVICES
Revenue
$17,593,442
Organization Details
Founding Year
1998
Principal Officer
Lawrence L Sharp Iii
Main Address
21900 ST CLAIR AVENUE, Euclid, OH, 441171036
Website
www.smilepayee.orgNTEE Category
Code: P20 - Human services
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