Simpson Charitable Tr
- Assets
- $867.5k
- Revenue
- $71.4k
- Investments
- $658.5k
- Employees
- 0
- Location
- Avinger, TX
- Founding
- 02/2001
- Data as of
- 12/2022
- EIN
- 75-6583001
Organization Overview
Simpson Charitable Tr is located in Avinger, TX. The organization was established in 2001. 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. Simpson 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, Simpson Charitable Tr generated $71.4k 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 (4.3%) each year. All expenses for the organization totaled $287.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Simpson Charitable Tr has awarded 146 individual grants totaling $693,960. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Simpson Trustee | 0 | $0 | |
Lorraine H Simpson Trustee | 3 | $0 | |
David P Simpson Trustee | 0 | $0 | |
Michael W Dirks Trustee | 2 | $0 | |
Marimon S Nettleton Trustee | 10 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $51 |
| Dividends & Interest | $27,833 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,527 |
| Capital Gain Net Income | $43,527 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,411 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,109 |
| Interest | $0 |
| Taxes | $2,075 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $37,689 |
| Contributions, gifts, grants paid | $249,500 |
| Total expenses and disbursements | $287,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,928 |
| Savings and temporary cash investments | $176,782 |
| 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 | $251 |
| Total assets | $867,496 |
| 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 | $934 |
| Total liabilities | $934 |
Grants Awarded
Over the last fiscal year, Simpson Charitable Tr has awarded $249,500 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
MT MORIAH BAPTIST CHURCH PURPOSE: CHURCH GENERAL FUND | $2,000 |
CRU - CAMPUS CRUSADE FOR CHRIST PURPOSE: CAMPUS MISSIONS | $6,000 |
HOSPICE OF RENO COUNTY PURPOSE: HOSPICE SUPPORT | $1,200 |
CHRISTIAN HERITAGE SCHOOL PURPOSE: CHRISTIAN EDUCATION SUPPORT | $4,000 |
CROWN FINANCIAL MINISTRIES PURPOSE: CHRISTIAN FINANCIAL MISSION SUPPORT | $6,000 |
DALLAS THEOLOGICAL SEMINARY PURPOSE: CHRISTIAN MINISTRY EDUCATION SUPPORT | $50,000 |