Simon Foundation For Education And Housing
- Assets
- $24.0m
- Revenue
- $5.6m
- Investments
- $12.5m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 08/2014
- Data as of
- 06/2020
- EIN
- 68-0524905
Organization Overview
Simon Foundation For Education And Housing is located in Newport Beach, CA. The organization was established in 2014. 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.
For the year ending 06/2020, Simon Foundation For Education And Housing generated $5.6m in total revenue. All expenses for the organization totaled $13.8m during the year ending 06/2020. While expenses have increased by 19.9% 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS - SEE ATTACHED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James B Freedman Director | 0 | $0 | |
Gilbert E Levasseur Jr Director | 0 | $0 | |
Alex Calebrese Director | 0 | $0 | |
Kathy Simon Abels Director | 0 | $0 | |
Steven H Simon Director | 0 | $0 | |
Jerry Liu Secretary & Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,980,809 |
| Interest on Savings | $353 |
| Dividends & Interest | $569,296 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,489 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,362 |
| Total Revenue | $5,555,331 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,780 |
| Depreciation | $1,187 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,805 |
| Total operating and administrative expenses | $100,923 |
| Contributions, gifts, grants paid | $13,726,881 |
| Total expenses and disbursements | $13,827,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,514,148 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $4,955,809 |
| 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 | $7,088 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,857,065 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,967,220 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $7,617,203 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $12,000 |
| Total liabilities | $7,629,203 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Reed Family Giving Palo Alto, CA | $0 | $1,785,630 |
Red Husky Foundation Los Gatos, CA | $6,274,305 | $41,190 |
Weingart Foundation Los Angeles, CA | $0 | $38,312,718 |
Elbridge Stuart Foundation San Francisco, CA | $398,384,368 | $27,391,893 |
Kate B Reynolds Charitable Trust Las Vegas, NV | $464,153,663 | $18,578,162 |
Windsong Tr Manhattan Beach, CA | $414,507,711 | $25,208,720 |
The 1440 Foundation Saratoga, CA | $188,273,902 | $45,986,261 |
Kavli Foundation Los Angeles, CA | $660,487,921 | $59,708,443 |
John Pritzker Family Fund Redwood City, CA | $3,823,637 | $24,656,569 |
Sean N Parker Foundation Palo Alto, CA | $238,633,334 | $37,324,330 |
Oprah Winfrey Charitable Foundation West Hollywood, CA | $236,459,881 | $5,701,260 |
Troesh Family Foundation Henderson, NV | $93,532,411 | $8,598,744 |