Simmons & Associates Educational Fund Inc
- Assets
- $394.7k
- Revenue
- $151.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 05/2003
- Data as of
- 10/2022
- EIN
- 03-0490907
Organization Overview
Simmons & Associates Educational Fund Inc is located in Colorado Springs, CO. The organization was established in 2003. According to its NTEE Classification (D03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simmons & Associates Educational Fund Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 10/2022, Simmons & Associates Educational Fund Inc generated $151.0k 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 (7.5%) each year. All expenses for the organization totaled $101.1k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (13.7%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION TO PRACTITIONERS AND STUDENTS ABOUT THE BUSINESS OF VETERINARY MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORED 6 EVENTS AT NATIONAL AND REGIONAL MEETINGS.
DURING THE FISCAL YEAR 1 SCHOLARSHIP FOR $25,000 WAS AWARDED AND 1 RUNNER UP FOR $5,000.
SPONSORED 4 SPEAKERS AT 6 DIFFERENT CONVENTIONS/MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Wisemandvm-Sa Intermount Trustee,treas | OfficerTrustee | 10 | $9,000 |
Leslie J Stephenson Trustee | Trustee | 10 | $3,400 |
David King Dvm-Sa Southcentr Trustee, Pres | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,499 |
| Total Program Service Revenue | $1,280 |
| Investment income | $1,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $12,850 |
| Compensation of current officers, directors, key employees. | $3,100 |
| 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 | $3,400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,815 |
| 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 | $2,448 |
| 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 | $101,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,722 |
| Savings and temporary cash investments | $386,007 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $394,729 |
| 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 | $394,729 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $394,729 |
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|---|---|---|
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American Society Of Mammalogists Topeka, KS | $9,773,919 | $1,085,671 |
Weld Co Fish And Wildlife Association Inc Eaton, CO | $895,709 | $273,881 |
Eagles Nest Property Homeowners Association Inc Silverthorne, CO | $1,897,728 | $248,068 |
American Association Of Zoo Keepers Denver, CO | $56,874 | $0 |
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The Kansas Horse Council Inc Manhattan, KS | $143,144 | $0 |