Simone Charitable Foundation Inc
- Assets
- $109.4m
- Revenue
- $6.6m
- Investments
- $64.8m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 82-3971316
Organization Overview
Simone Charitable Foundation Inc is located in Scottsdale, AZ. The organization was established in 2018. 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. Simone Charitable 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, Simone Charitable Foundation Inc generated $6.6m 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 (21.7%) each year. All expenses for the organization totaled $8.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Simone Charitable Foundation Inc has awarded 63 individual grants totaling $20,621,993. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Grayson President | 40 | $345,586 | |
Curt Christensen Treasurer | 40 | $183,598 | |
James Geaves Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan | 12/30/23 | $152,348 |
Jones Lang Lasalle Americas | 12/30/23 | $111,811 |
John Hancock Retirement Plan Services | 12/30/23 | $110,910 |
Hannay Realty Advisors Arizona | 12/30/23 | $108,635 |
Hannay Realty Advisors Maintenance | 12/30/23 | $101,528 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,514,494 |
| Net Rental Income | $3,859,426 |
| Net Gain on Sale of Assets | -$811,162 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,599,284 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $529,184 |
| Other employee salaries and wages | $64,974 |
| Pension plans, employee benefits | $36,655 |
| Interest | $507,414 |
| Taxes | $530,226 |
| Depreciation | $1,336,654 |
| Occupancy | $40,970 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $774,373 |
| Total operating and administrative expenses | $4,036,303 |
| Contributions, gifts, grants paid | $4,839,761 |
| Total expenses and disbursements | $8,876,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,879 |
| Savings and temporary cash investments | $2,743,503 |
| Net Accounts receivable | $1,105,491 |
| 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 | $221,346 |
| Net Investments - land, buildings, equipment | $39,668,420 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,030,781 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $587,598 |
| Total assets | $109,446,188 |
| Accounts payable and accrued expenses | $381,366 |
| Grants payable | $0 |
| Deferred revenue | $149,360 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $10,925,000 |
| Other liabilities | $368,459 |
| Total liabilities | $11,824,185 |
Grants Awarded
Over the last fiscal year, Simone Charitable Foundation Inc has awarded $4,839,761 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S DISEASE & RELATED DISORDERS ASSOCIATION INC PURPOSE: PUBLIC AWARENESS CAMPAIGN | $605,394 |
AMERICAN CANCER SOCIETY INC PURPOSE: AZ DISCOVERY BOOAST GRANTS PROGRAM | $330,000 |
AMERICAN PARKINSON DISEASE ASSOCIATION PURPOSE: MEET THE NEEDS OF THE UNDERSERVED PD PATIENTS IN ARIZONA THROUGH BILINGUAL REFERRAL PROGRAM AND WORK WITH BANNER NEURO WELLNESS | $350,000 |
BARROW NEUROLOGICAL FOUNDATION PURPOSE: SUPPORT SPECIALISTS THAT TREAT BRAIN AND SPINE CONDITIONS | $305,556 |
BOYS & GIRLS CLUB OF GREATER SCOTTSDALE PURPOSE: POWER HOUR, AMERICAN READS, TORCH AND KEYSTONE CLUBS, AND SMART GIRLS | $331,811 |
BOYS & GIRLS CLUB OF THE VALLEY INC PURPOSE: ACADEMIC SUCCESS STEM PROGRAM | $400,000 |