Simmons Foundation
- Assets
- $1.1m
- Revenue
- $63.9k
- Investments
- $1.1m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 06/1961
- Data as of
- 12/2022
- EIN
- 38-6075922
Organization Overview
Simmons Foundation is located in Ann Arbor, MI. The organization was established in 1961. 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. Simmons 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, Simmons Foundation generated $63.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $59.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Simmons Foundation has awarded 77 individual grants totaling $189,810. 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 |
|---|---|---|---|
David T Simmons President & Treasurer | 6 | $0 | |
Christine R West Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,803 |
| Dividends & Interest | $20,439 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,555 |
| Capital Gain Net Income | $25,555 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $147 |
| Total Revenue | $63,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,662 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,296 |
| Total operating and administrative expenses | $19,418 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $59,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,740 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,131,194 |
| 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, Simmons Foundation has awarded $40,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HERITAGE GIRLS INC PURPOSE: SUPPORT FOR ACTIVITIES | $500 |
ANN ARBOR ART CENTER PURPOSE: SUPPORT FOR ACTIVITIES | $1,000 |
ARBOR HOSPICE PURPOSE: SUPPORT FOR ACTIVITIES | $1,000 |
DOMINICAN SISTERS OF MARY PURPOSE: SUPPORT FOR ACTIVITIES | $1,000 |
BETHEL UNITED CHURCH OF CHRIST PURPOSE: SUPPORT FOR ACTIVITIES | $4,500 |
EVANGELICAL HOMES OF MICHIGAN FOUNDATION PURPOSE: SUPPORT FOR ACTIVITIES | $1,500 |