Simmons Foundation Inc
- Assets
- $3.3m
- Revenue
- $468.6k
- Investments
- $3.2m
- Employees
- 0
- Location
- Portland, ME
- Founding
- 01/1968
- Data as of
- 12/2023
- EIN
- 01-0277832
Organization Overview
Simmons Foundation Inc is located in Portland, ME. The organization was established in 1968. 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.
Since 2015, Simmons Foundation Inc has awarded 417 individual grants totaling $1,274,116. 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 |
|---|---|---|---|
Robert Woodward Pres. | 1 | $100 | |
Paul H Rausch Treasurer | 2 | $1,300 | |
Deanna Woodward Trustee | 1 | $100 | |
Robert Aranson MD Trustee | 1 | $100 | |
Tina Jennings Vice President | 1 | $100 | |
Samuel Woodward Vice President | 1 | $200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $775 |
| Dividends & Interest | $76,961 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $390,889 |
| Capital Gain Net Income | $91,537 |
| Net ST Capital Gain | $4,744 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $468,625 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,142 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $92 |
| Total operating and administrative expenses | $45,312 |
| Contributions, gifts, grants paid | $172,500 |
| Total expenses and disbursements | $217,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,460 |
| Savings and temporary cash investments | $68,973 |
| 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 | $250 |
| Other assets | $3,175 |
| Total assets | $3,331,940 |
| 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 | $14,053 |
| Total liabilities | $14,053 |
Grants Awarded
Over the last fiscal year, Simmons Foundation Inc has awarded $172,500 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA CENTRAL MAINE PURPOSE: YW STRIVE PROGRAM | $2,500 |
BANGOR REGION YMCA PURPOSE: COMMUNITYFOOD PANTRY | $2,000 |
MIDCOAST LITERACY PURPOSE: ADULT WORKFORCEREADINESS PROGRAM | $2,500 |
ECOLOGY EDUCATON INC DBA THE ECOLOGY SCHOOL PURPOSE: THE AGROECOLOGYFOR RESILIENTCOMMUNITIES PROJECT | $2,500 |
PINE TREE SOCIETY PURPOSE: CLASSROOM EXPANSION | $2,500 |
COMMUNITY DENTAL PURPOSE: ORAL HEALTHACCESS PROGRAM | $4,000 |