Nina Simone Charitable Tr
- Assets
- $12.3m
- Revenue
- $2.8m
- Investments
- $10.6m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 46-5467744
Organization Overview
Nina Simone Charitable Tr is located in Los Angeles, CA. The organization was established in 2019. 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. Nina Simone Charitable Tr 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, Nina Simone Charitable Tr generated $2.8m 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 (12.4%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Nina Simone Charitable Tr has awarded 11 individual grants totaling $2,032,948. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $93,497 |
| Dividends & Interest | $135,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $141,464 |
| Capital Gain Net Income | $141,464 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,427,824 |
| Total Revenue | $2,798,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $89,648 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,741 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,293 |
| Total operating and administrative expenses | $301,324 |
| Contributions, gifts, grants paid | $772,027 |
| Total expenses and disbursements | $1,073,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,187 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,525,000 |
| Total assets | $12,258,160 |
| 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, Nina Simone Charitable Tr has awarded $772,027 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KRONENDAL MUSIC ACADEMY OF HOUT BAY PURPOSE: MUSICAL EDUCATION OF CHILDREN | $183,000 |
FIELD BAND FOUNDATION PURPOSE: MUSIC EDUCATION OF CHILDREN IN SOUTH AFRICA | $562,267 |
MUSIC WORKS PURPOSE: MUSICAL EDUCATION FOR CHILDREN IN SOUTH AFRICA | $26,760 |