Frederick A Simeone M D Foundation Inc
- Assets
- $77.2m
- Revenue
- $26.4m
- Investments
- $73.4m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 22-3483147
Organization Overview
Frederick A Simeone M D Foundation Inc is located in Philadelphia, PA. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frederick A Simeone M D Foundation Inc 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 12/2021, Frederick A Simeone M D Foundation Inc generated $26.4m in total revenue. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 14.9% per year over the past 4 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A MUSEUM TO PROMOTE THE PUBLIC AWARENESS, APPRECIATION AND ENJOYMENT OF SPORTS-RELATED AUTOMOBILES BY (1) PROVIDING INFORMATION AND EXHIBITS SETTING FORTH THE HISTORY OF THE AUTOMOTIVE INDUSTRY, AUTOMOBILE DEVELOPMENT AND SPORTS-RACING (2) PROVIDING INFORMATION AND EXHIBITS CONCERNING THE PHYSICAL, MECHANICAL, ENGINEERING, MATHEMATICAL AND OTHER SCIENTIFIC FIELDS INVOLVED IN THE DEVELOPMENT AND DESIGN OF AUTOMOBILES (3)DISPLAYING THE FINEST SPORTS-RACING AUTOMOBILES FOR THE EDUCATION OF THE PUBLIC RELATING TO THEIR HISTORICAL, ENGINEERING AND ARTISTIC ATTRIBUTES, (4) PROVIDING A LIBRARY OF BOOKS, REFERENCE MATERIALS AND OTHER MULTI-MEDIA RELATING TO THE HISTORY, DESIGN, ENGINEERING AND EXPERIENCE OF AUTOMOBILES AND AUTO RACING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Panichi Director | 5 | $0 | |
Robert Dusek Director | 10 | $0 | |
Frederick A Simeone President | 60 | $0 | |
Amanda Jimenez Administrative Director | 20 | $0 | |
William Avery Director | 1 | $0 | |
Rupert Banner Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,661,453 |
| Interest on Savings | $0 |
| Dividends & Interest | $327,291 |
| Net Rental Income | $16,608 |
| Net Gain on Sale of Assets | $2,954 |
| Capital Gain Net Income | $2,954 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $42,238 |
| Other Income | $302,598 |
| Total Revenue | $26,353,142 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $254,565 |
| Pension plans, employee benefits | $33,792 |
| Interest | $1,187 |
| Taxes | $148,832 |
| Depreciation | $135,639 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,613 |
| Printing and publications | $3,123 |
| Other expenses | $444,890 |
| Total operating and administrative expenses | $1,076,957 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,076,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,665 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $12,506 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,479,779 |
| Net Land, buildings, and equipment | $3,705,465 |
| Other assets | $0 |
| Total assets | $77,166,130 |
| Accounts payable and accrued expenses | $23,611 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $125,000 |
| Other liabilities | $4,621 |
| Total liabilities | $153,232 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Frederick A Simeone M D Foundation Inc has recieved totaling $83,692.
| Awarding Organization | Amount |
|---|---|
National Road Safety Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $29,346 |
National Road Safety Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $29,346 |
National Philanthropic Tr Jenkintown, PA PURPOSE: CULTURE & ARTS | $12,500 |
National Philanthropic Tr Jenkintown, PA PURPOSE: CULTURE & ARTS | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frederick A Simeone M D Foundation Inc Philadelphia, PA | $77,166,130 | $26,353,142 |
Williams Grove Old Timers Mechanicsburg, PA | $1,827,701 | $205,240 |
Jack Nicklaus Museum Inc Columbus, OH | $27,349,175 | $0 |
Lake Placid Olympic Museum Lake Placid, NY | $2,802,105 | $48,050 |
New Jersey Boxing Hall Of Fame Inc Lodi, NJ | $61,387 | $0 |