SMART DEVELOPMENT INSTITUTE INC

EIN: 473979454 501(c)(3) Education

FALLS CHURCH, VA

Total Revenue
$755,176
Total Expenses
$727,601
Total Assets
$575,260
Net Assets
$538,873
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
VA
Principal Officer
ROBERTO LLAMES
Phone
8337776278
Tax Period
2024-01-01 to 2024-12-31

SMART DEVELOPMENT INSTITUTE INC, founded in 2015, is a small nonprofit in the Education sector that reported $448K in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $80K, a strong 18% operating margin.

Mission

The Corporation is organized primarily to conduct and promote comprehensive basic and applied research of contemporary education issues whuch include or are not limited to prespectives from information technology data analysis government anthropology law history fine arts medicine science economics commerce and philosophy. This includes recommendations regarding related policy impacts that would be useful to the individual and beneficial to the community.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $755,176
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $755,176

Expense Breakdown

Grants Paid $0
Salaries & Benefits $291,161
Fundraising Expenses $0
Program Expenses $727,601
Other Expenses $436,440
TOTAL EXPENSES $727,601

Year-over-Year Comparison

2024 2023 Change
Revenue $755,176 $658,317 +0.1%
Expenses $727,601 $575,183 +0.3%
Net Income $27,575 $83,134 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
1
Employees
10
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$233,738
Total Directors
3
$230,975
Key Employees
7
$259,019
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Roberto Llames Director 20.00
Officer Director
$165,600 $0 $165,600
Michael Lee Director 10.00
Officer Director
$65,375 $0 $65,375
Maria Teresita Trinchera Treasurer 10.00
Officer
$2,763 $0 $2,763
Martin Llames Research Assistant 10.00
Key Emp
$35,700 $0 $35,700
David Fernandez Senior Researcher 40.00
Key Emp
$55,018 $0 $55,018
Leonardo Canseco Director 10.00
Director
$0 $0 $0
Lisa Andersson Researcher 40.00
Key Emp
$4,618 $0 $4,618
Lauren Llames Administrative 5.00
Key Emp
$642 $0 $642
Jose Rosel Jr Administrative 30.00
Key Emp
$34,291 $0 $34,291
Jiae Sohn Researcher 40.00
Key Emp
$59,428 $0 $59,428
Chi Han Tung Researcher 40.00
Key Emp
$69,322 $0 $69,322
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $755,176 $727,601 $575,260 $27,575
2023 $658,317 $575,183 $532,724 $83,134
2022 $447,646 $367,537 $454,856 $80,109
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