Simmons Foundation Inc
- Assets
- $865.0k
- Revenue
- $2.1m
- Investments
- $346.7k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/1993
- Data as of
- 12/2023
- EIN
- 76-0398915
Organization Overview
Simmons Foundation Inc is located in Houston, TX. The organization was established in 1993. 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 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 12/2023, Simmons Foundation Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Simmons Foundation Inc has awarded 62 individual grants totaling $5,585,800. 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 |
|---|---|---|---|
John P Durie President / Treasurer / Director | 1 | $0 | |
Gay A Roane Vice President / Secretary / Director | 1 | $0 | |
Sue Birch Director / Grant Administrator | 20 | $60,386 | |
Ellen Cohen Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,043,340 |
| Interest on Savings | $636 |
| Dividends & Interest | $86,932 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,003,773 |
| Capital Gain Net Income | $1,003,773 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,134,681 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,386 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,521 |
| Interest | $0 |
| Taxes | $15,100 |
| Depreciation | $0 |
| Occupancy | $499 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,969 |
| Total operating and administrative expenses | $102,749 |
| Contributions, gifts, grants paid | $925,000 |
| Total expenses and disbursements | $1,027,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $516,601 |
| 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 | $1,714 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $865,040 |
| 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 Inc has awarded $925,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
COVENANT HOUSE TEXAS PURPOSE: SUPPORT FOR BUILDING FOR LIFE CAPITAL CAMPAIGN | $125,000 |
HOUSTON AREA WOMEN'S CENTER PURPOSE: SUPPORT FOR CAMPAIGN FOR COURAGE | $125,000 |
COMMUNITY AGRICULTURE ALLIANCE PURPOSE: TO PRESERVE AGRICULTURE IN THE YAMPA VALLEY | $100,000 |
LIFTUP ROUTT COUNTY PURPOSE: GRANT FOR AIR CONDITIONING/HVAC SYSTEM AT DONATION CENTER | $30,000 |
STEAMBOAT SPRINGS DISCOVERY LEARNING CENTER PURPOSE: TO PROMOTE CHILD CARE TO OVER 450 CHILDREN PER YEAR IN COLORADO | $40,000 |
THE WOMEN'S RESOURCE PURPOSE: OWNING OUR DESTINY CAMPAIGN FOR WOMEN NAVIGATING FINANCIAL CHALLENGES | $80,000 |