J R Simplot Company Foundation Inc
- Assets
- $82.5m
- Revenue
- $2.9m
- Investments
- $81.5m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 10/2000
- Data as of
- 03/2024
- EIN
- 82-0522113
Organization Overview
J R Simplot Company Foundation Inc is located in Boise, ID. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J R Simplot Company 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 03/2024, J R Simplot Company Foundation Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $4.0m during the year ending 03/2024. While expenses have increased by 5.4% per year over the past 5 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.
Since 2021, J R Simplot Company Foundation Inc has awarded 404 individual grants totaling $18,426,454. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
RONALD MCDONALD HOUSE CHARITIES CONTRIBUTION
UNITED WAY OF TREASURY VALLEY CONTRIBUTION
WASHINGTON STATE UNIVERSITY CONTRIBUTION
UNIVERSITY OF IDAHO FOUNDATION CONTRIBUTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gay C Simplot Director/president | 1 | $0 | |
John Edward Simplot Director/vice President | 1 | $0 | |
James Alderman Secretary | 1 | $0 | |
Brent Moylan Treasurer | 1 | $0 | |
Jeremy Haynes Assistant Treasurer | 1 | $0 | |
Scott R Simplot Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,543 |
| Dividends & Interest | $1,372,195 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,540,634 |
| Capital Gain Net Income | $1,540,634 |
| Net ST Capital Gain | $0 |
| Income Modifications | $3,500 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,930,372 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $219,513 |
| Contributions, gifts, grants paid | $3,801,922 |
| Total expenses and disbursements | $4,021,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,856 |
| Savings and temporary cash investments | $821,137 |
| Net Accounts receivable | $49,293 |
| 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 | $0 |
| Total assets | $82,471,383 |
| Accounts payable and accrued expenses | $1,721 |
| Grants payable | $2,067,600 |
| 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 | $2,069,321 |
Grants Awarded
Over the last fiscal year, J R Simplot Company Foundation Inc has awarded $3,801,922 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE OF EASTERN IDAHO FOUNDATION PURPOSE: EDUCATION | $340,000 |
BOISE STATE UNIVERSITY PURPOSE: EDUCATION | $100,000 |
COLLEGE OF IDAHO PURPOSE: EDUCATION | $250,000 |
COMMUNITY HEALTH CLINICS HOMEDALE PURPOSE: DONATION | $20,000 |
FAMILY SERVICES ALLIANCE OF SOUTH IDAHO PURPOSE: DONATION | $1,000 |
GIRAFFE LAUGH EARLY LEARNING PURPOSE: DONATION | $1,500 |