Simons Foundation Inc
- Assets
- $4.0b
- Revenue
- $523.7m
- Investments
- $3.4b
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1995
- Data as of
- 12/2019
- EIN
- 13-3794889
Organization Overview
Simons Foundation Inc is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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.
For the year ending 12/2019, Simons Foundation Inc generated $523.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $489.0m during the year ending 12/2019. While expenses have increased by 2.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHMENT 21 FOR DETAILED BREAKOUT BY ACTIVITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Reichardt Director, Sfari | 40 | $603,731 | |
Marian Carlson Dir Life Sciences | 40 | $603,224 | |
David Spergel Director, Cca | 40 | $547,562 | |
Alex Lash Chief Info. Officer | 40 | $495,954 | |
Antoine Georges Director, Ccq | 30 | $493,322 | |
Marlow Kee Cfo/secretary | 40 | $427,018 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Msa Security Ltd | 12/30/19 | $1,532,114 |
Bootstrap Agency Llc | 12/30/19 | $1,399,863 |
Preventiongenetics Llc | 12/30/19 | $1,738,634 |
Dna Genotek Inc | 12/30/19 | $1,703,721 |
Loeb Block & Partners Llp | 12/30/19 | $348,932 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,000,000 |
| Interest on Savings | $2,346,805 |
| Dividends & Interest | $0 |
| Net Rental Income | -$1,067,567 |
| Net Gain on Sale of Assets | $398,048,640 |
| Capital Gain Net Income | $295,552,341 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $545,761 |
| Total Revenue | $523,660,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $936,738 |
| Other employee salaries and wages | $46,557,974 |
| Pension plans, employee benefits | $15,204,054 |
| Interest | $185 |
| Taxes | $8,642,253 |
| Depreciation | $25,542,099 |
| Occupancy | $14,962,952 |
| Travel, conferences, and meetings | $14,003,805 |
| Printing and publications | $247,836 |
| Other expenses | $40,099,469 |
| Total operating and administrative expenses | $169,108,757 |
| Contributions, gifts, grants paid | $319,927,868 |
| Total expenses and disbursements | $489,036,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,603,387 |
| Savings and temporary cash investments | $40,980,333 |
| Net Accounts receivable | $1,350 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,022,006 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,437,394,207 |
| Net Land, buildings, and equipment | $417,989,136 |
| Other assets | $4,540,822 |
| Total assets | $4,015,531,241 |
| Accounts payable and accrued expenses | $23,852,967 |
| Grants payable | $541,689,492 |
| Deferred revenue | $209,889 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $110,000,000 |
| Other liabilities | $170,959,942 |
| Total liabilities | $846,712,290 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Simons Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Lubin Family Foundation New York, NY PURPOSE: GENERAL USE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert Wood Johnson Foundation Princeton, NJ | $11,911,586,700 | $577,007,685 |
Simons Foundation Inc New York, NY | $4,015,531,241 | $523,660,840 |
Faculty Practice Foundation Inc Boston, MA | $86,602,730 | $418,419,019 |
Rockefeller Foundation New York, NY | $4,929,907,452 | $337,487,726 |
Jp Morgan Chase Foundation New York, NY | $302,020,428 | $256,877,839 |
Genzyme Charitable Foundation Inc Bridgewater, NJ | $0 | $236,871,100 |
Blavatnik Family Foundation New York, NY | $174,076,094 | $21,540,793 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA | $2,301,673,237 | $225,656,936 |
Adelson Family Foundation Needham, MA | $522,108 | $116,767,506 |
Druckenmiller Foundation New York, NY | $1,273,919,839 | $136,579,901 |
Doris Duke Charitable Foundation Inc New York, NY | $1,930,470,080 | $113,349,408 |
Klarman Family Foundation Boston, MA | $688,091,719 | $95,381,386 |