Simon-Strauss Foundation
- Assets
- $6.1m
- Revenue
- $518.3k
- Investments
- $5.9m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 26-0604831
Organization Overview
Simon-Strauss Foundation is located in Los Angeles, CA. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Simon-Strauss Foundation 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 12/2022, Simon-Strauss Foundation generated $518.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $546.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Simon-Strauss Foundation has awarded 348 individual grants totaling $1,862,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Simon VP And Director | 1 | $10,000 | |
Michael Simon VP And Director | 3 | $30,000 | |
Michelle Simon Fromme VP And Director | 0.5 | $10,000 | |
Paul Simon President And Director | 1.25 | $12,000 | |
Steven Simon VP And Director | 0.5 | $10,000 | |
William Simon Sec Treas And Di | 3 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $71 |
| Dividends & Interest | $483,679 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,556 |
| Capital Gain Net Income | $34,556 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $518,306 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $96,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,321 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,634 |
| Total operating and administrative expenses | $131,099 |
| Contributions, gifts, grants paid | $415,000 |
| Total expenses and disbursements | $546,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,042 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,854,841 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,137,883 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Simon-Strauss Foundation has awarded $415,000 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY FIRST PURPOSE: GENERAL | $5,000 |
ALS ASSOCIATION GOLDEN WEST CHAPTER-EXCELLENCE IN ALS CARE INITIATIVE PURPOSE: GENERAL | $10,000 |
ALLIES FOR EVERY CHILD PURPOSE: GENERAL | $5,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL | $5,000 |
ALS ASSOCIATION GOLDEN WEST CHAPTER-FORBES NORRIS ALS CLINIC AND RESEARCH C PURPOSE: GENERAL | $5,000 |
ANY BODY CAN YOUTH FOUNDATION PURPOSE: GENERAL | $5,000 |