Ralph & Mary Simmons Welfare Fund
- Assets
- $832.2k
- Revenue
- $976.0
- Investments
- $772.6k
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 00/0000
- Data as of
- 08/2023
- EIN
- 01-6007242
Organization Overview
Ralph & Mary Simmons Welfare Fund is located in Brooklyn, OH. The organization was established in 0000. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 08/2023, Ralph & Mary Simmons Welfare Fund generated $976.0 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 (61.1%) each year. All expenses for the organization totaled $15.6k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,574 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,317 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $719 |
| Total Revenue | $976 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,591 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,962 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,603 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $15,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,610 |
| 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 | $772,604 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $832,214 |
| 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, Ralph & Mary Simmons Welfare Fund has awarded $4,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KATRINA MAXSIMIC CO UNIVERSITY OF MAINE PURPOSE: SCHOLARSHIP | $2,000 |
AVERY TAYLOR CO UNIVERSITY OF MAINE PURPOSE: SCHOLARSHIP | $2,000 |