J R Simplot Foundation Inc
- Assets
- $241.4m
- Revenue
- $7.6m
- Investments
- $153.4m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 01/1953
- Data as of
- 09/2022
- EIN
- 82-6003437
Organization Overview
J R Simplot Foundation Inc is located in Boise, ID. The organization was established in 1953. 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. J R Simplot 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 09/2022, J R Simplot Foundation Inc generated $7.6m 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 (6.2%) each year. All expenses for the organization totaled $8.1m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, J R Simplot Foundation Inc has awarded 66 individual grants totaling $1,450,000. 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
JUMP, LLC - COMMUNITY CENTER PROVIDING MEETING SPACES, PARKING, OUTDOOR PARK AND MUSEUM AVAILABLE AND OPEN TO THE PUBLIC FOR MEETINGS AND EDUCATIONAL CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen S O'neill Community Engagement | 40 | $119,958 | |
Gary W Cook It Manager | 40 | $107,631 | |
Jeff Hershey It & Av Manager | 40 | $78,148 | |
Sam Myers Facilities Manager | 40 | $70,238 | |
Rob Bearden Tractor Doctor | 40 | $69,270 | |
Scott Simplot Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,218 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,472,674 |
| Net Rental Income | $500,813 |
| Net Gain on Sale of Assets | $4,600,444 |
| Capital Gain Net Income | $4,601,536 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,582,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,145,324 |
| Pension plans, employee benefits | $236,285 |
| Interest | $0 |
| Taxes | $438,202 |
| Depreciation | $3,887,519 |
| Occupancy | $887,732 |
| Travel, conferences, and meetings | $24,351 |
| Printing and publications | $20,583 |
| Other expenses | $546,509 |
| Total operating and administrative expenses | $7,727,160 |
| Contributions, gifts, grants paid | $400,000 |
| Total expenses and disbursements | $8,127,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,967 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $291,508 |
| 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 | $62,675 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $84,727,446 |
| Other assets | $2,694,444 |
| Total assets | $241,362,659 |
| Accounts payable and accrued expenses | $117,167 |
| Grants payable | $0 |
| Deferred revenue | $45,101 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $902 |
| Total liabilities | $163,170 |
Grants Awarded
Over the last fiscal year, J R Simplot Foundation Inc has awarded $400,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Boise, ID PURPOSE: OPERA PRODUCTION | $100,000 |
Boise, ID PURPOSE: BALLET EDUCATION | $100,000 |
Boise, ID PURPOSE: MUSIC EDUCATION | $100,000 |
Boise, ID PURPOSE: PERFORMANCE VENUE | $40,750 |
BOISE SADDLE & JUMP CLUB PURPOSE: EQUESTRIAN EDUCATION | $13,000 |
IDAHO SHAKESPEARE FESTIVAL PURPOSE: PERFORMANCE VENUE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
William A Looney Family Foundation Seattle, WA | $2,970,328 | $1,865,530 |
Fairview Foundation Seattle, WA | $22,161,652 | $15,221,518 |
Katherine W Dumke & Ezekiel R Dumke Jr Foundation Kaysville, UT | $0 | $4,334 |
Roundhouse Foundation Irrv Charitable Tr Sisters, OR | $376,773,592 | $260,472,613 |
Crocker Catalyst Foundation Salt Lake City, UT | $1,077,515 | $3,770,687 |
James D And Sherry Raisbeck Foundation Seattle, WA | $19,522,688 | $18,818,250 |
Gianforte Fam Charitable Tr Bozeman, MT | $232,267,609 | $12,872,148 |