Harold And Virginia Simpson Foundation
- Assets
- $7.0m
- Revenue
- $430.2k
- Investments
- $6.9m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 02/2005
- Data as of
- 12/2022
- EIN
- 86-6332558
Organization Overview
Harold And Virginia Simpson Foundation is located in Phoenix, AZ. The organization was established in 2005. 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. Harold And Virginia Simpson Foundation 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, Harold And Virginia Simpson Foundation generated $430.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $665.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Harold And Virginia Simpson Foundation has awarded 61 individual grants totaling $1,746,000. 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
SEE FEDERAL FOOTNOTES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Bryan Trustee | 1 | $0 | |
Linda Smith Trustee | 1 | $0 | |
David Smith Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,816 |
| Dividends & Interest | $122,641 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $301,260 |
| Capital Gain Net Income | $301,260 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,501 |
| Total Revenue | $430,218 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,005 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $90,404 |
| Total operating and administrative expenses | $120,109 |
| Contributions, gifts, grants paid | $545,000 |
| Total expenses and disbursements | $665,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,774 |
| Savings and temporary cash investments | $0 |
| 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 | $16,053 |
| Total assets | $7,037,644 |
| 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, Harold And Virginia Simpson Foundation has awarded $545,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO COMMUNITY CHURCH PURPOSE: MORE LIFE CARE CENTER | $250,000 |
DENVER SEMINARY PURPOSE: GENERAL FUND | $25,000 |
AFRICA CHRISTIAN MINISTRIES PURPOSE: GENERAL FUND | $20,000 |
PHOENIX RESCUE MISSION PURPOSE: $66,000 TO EHCC CAMPAIGN AND REMAINING $14,000 TO GENERAL FUND | $80,000 |
CAMPUS CRUSADE FOR CHRIST (CRU) PURPOSE: GENERAL FUND | $20,000 |
PROVIDENCE NETWORK PURPOSE: GENERAL FUND | $60,000 |