Kathy Simon Family Foundation
- Assets
- $4.8m
- Revenue
- $5.1m
- Investments
- $2.5m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 02/2011
- Data as of
- 06/2022
- EIN
- 27-2399226
Organization Overview
Kathy Simon Family Foundation is located in Newport Beach, CA. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kathy Simon Family 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 06/2022, Kathy Simon Family Foundation generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $4.9m during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 7 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.
Since 2016, Kathy Simon Family Foundation has awarded 35 individual grants totaling $10,525,191. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SIMON SCHOLARSHIP PROGRAM FACILITATES STUDENTS WITH DIFFICULT LIFE AND ECONOMIC CIRCUMSTANCES IN THEIR QUESTS TO ACHIEVE THE AMERICAN DREAM THROUGH A COLLEGE EDUCATION. SCHOLARSHIPS ARE PROVIDED FOR TUITION, EXPENSES AND LIFE-SKILLS DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Simon Abels President | 40 | $324,692 | |
Benjamin Drutman Executive Director | 40 | $229,327 | |
Martha Pamela Rivera Senior Director, Pro | 40 | $132,608 | |
Erika Lima Enz Director, College Ac | 40 | $83,502 | |
Emily Hudson Executive Assistant | 40 | $78,173 | |
Molly Francine Morin Director Of College | 40 | $69,676 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,064,624 |
| Interest on Savings | $32,679 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,097,303 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $362,620 |
| Other employee salaries and wages | $2,118,396 |
| Pension plans, employee benefits | $28,605 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $3,406 |
| Occupancy | $25,261 |
| Travel, conferences, and meetings | $9,740 |
| Printing and publications | $0 |
| Other expenses | $873,991 |
| Total operating and administrative expenses | $3,444,393 |
| Contributions, gifts, grants paid | $1,487,293 |
| Total expenses and disbursements | $4,931,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,107,977 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $175 |
| 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 | $251,896 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,210,113 |
| Net Land, buildings, and equipment | $9,122 |
| Other assets | $1,491 |
| Total assets | $4,821,566 |
| 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 | $285,814 |
| Total liabilities | $285,814 |
Grants Awarded
Over the last fiscal year, Kathy Simon Family Foundation has awarded $1,487,293 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIPS TO UNIVERSITY STUDENTS PURPOSE: TO FURTHER DONEE ORGANIZATION'S EXEMPT PURPOSE. | $1,433,183 |
SCHOLARSHIPS TO HIGH SCHOOL STUDENT PURPOSE: TO FURTHER DONEE ORGANIZATION'S EXEMPT PURPOSE. | $47,610 |
CHARITABLE VENTURES OF ORANGE COUNTY PURPOSE: TO FURTHER DONEE ORGANIZATION'S EXEMPT PURPOSE. | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kathy Simon Family Foundation has recieved totaling $5,064,624.
| Awarding Organization | Amount |
|---|---|
Simon Foundation For Education And Housing Newport Beach, CA PURPOSE: GENERAL OPERATING EXPENSES | $3,276,912 |
Simon Foundation For Education And Housing Newport Beach, CA PURPOSE: GENERAL OPERATING EXPENSES | $1,787,712 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |