Melvin H Simmons Trust is located in Augusta, ME. The organization was established in 1976. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Melvin H Simmons Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2021, Melvin H Simmons Trust generated $70.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $63.0k during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST THE CITY OF HALLOWELL MAINE WITH THE SUPPORT OF ATHLETICS AT HALLDALE HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUST DISTRIBUTES ITS INCOME AND PORTIONS OF PRINCIPAL TO THE CITY OF HALLOWELL PURSUANT TO PARAGRAPH 9 OF THE TRUST INSTRUMENT.
TRUST DISTRIBUTES ITS INCOME AND PORTIONS OF PRINCIPAL TO THE CITY OF HALLOWELL PURSUANT TO PARAGRAPH 9 OF THE TRUST INSTRUMENT.
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $33,014 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $37,199 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $70,213 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $8,086 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $62,994 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $133 |
Savings and temporary cash investments | $59,351 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Investments—publicly traded securities | $1,191,715 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,251,199 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $1,104,939 |
Total liabilities and net assets/fund balances | $1,251,199 |
Organization Name | Assets | Revenue |
---|---|---|
Davis Family Foundation Yarmouth, ME | $94,934,752 | $3,904,982 |
Carl Benton Straub Charitable Trust Brunswick, ME | $0 | $2,800,114 |
Panjandrum Foundation Tr Keene, NH | $3,537,021 | $9,028 |
Adele Gifford Residuary Trust Bedford, NH | $12,919,500 | $730,579 |
Robert And Joyce Oberkotter Family Foundation Newport, NH | $12,628,892 | $751,411 |
Doris Benz Tr Otisfield, ME | $6,799,118 | $360,492 |
Hjd Foundation Sunapee, NH | $21,739,659 | $12,057,994 |
Clara Saltus Trust Uw Bedford, NH | $7,298,272 | $1,323,409 |
Benjamin Kimball Trust Uw Bedford, NH | $7,262,767 | $1,582,345 |
W F Bisbee J G O Rourke Tte Portland, ME | $20,774,662 | $340,543 |
Tamworth Foundation Tamworth, NH | $7,368,763 | $923,034 |
Alfred Quimby Fund Ttee Center Sandwich, NH | $6,204,237 | $703,206 |