Simpson Family Foundation Inc
- Assets
- $573.1k
- Revenue
- $18.3k
- Investments
- $569.2k
- Employees
- 0
- Location
- Mount Kisco, NY
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 61-1805240
Organization Overview
Simpson Family Foundation Inc is located in Mount Kisco, NY. The organization was established in 2017. 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. Simpson Family 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 12/2022, Simpson Family Foundation Inc generated $18.3k in total revenue. All expenses for the organization totaled $51.4k during the year ending 12/2022. While expenses have increased by 63.6% 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Simpson President | 1 | $0 | |
Jennifer Simpson Treasurer | 1 | $0 | |
Christopher Chang Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26 |
| Dividends & Interest | $9,542 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,325 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,105 |
| Total Revenue | $18,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $270 |
| Total operating and administrative expenses | $1,470 |
| Contributions, gifts, grants paid | $49,903 |
| Total expenses and disbursements | $51,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,873 |
| 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 | $450,460 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $573,102 |
| 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, Simpson Family Foundation Inc has awarded $49,903 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGIN UNITE PURPOSE: EDUCATIONAL INITIATIVES AND FACILITIES IN SOUTH AFRICA | $31,695 |
GREENWICH COUNTRY DAY SCHOOL PURPOSE: SUPPORT EDUCATIONAL INITIATIVES AND FACILITIES | $5,250 |
DR GARY BURNSTEIN COMMUNITY CLINIC PURPOSE: PROVIDE HEALTH SERVICES TO PEOPLE IN LOW INCOME AREAS | $5,000 |
CARRINGTON CHARITABLE FOUNDATION PURPOSE: PROVIDE VARIOUS SUPPORT TO VETERANS | $5,000 |
JUNIOR LEAGUE NORTHERN WESTCHESTER PURPOSE: SUPPORT WOMEN'S ORGANIZATION TO HELP THOSE IN NEED WITHIN LOCAL COMMUNITY | $900 |
ST PATRICK'S CHURCH PURPOSE: SUPPORT OPERATION OF LOCAL CHURCH | $800 |