Frank R And Elizabeth Simoni Foundation Inc
- Assets
- $9.1m
- Revenue
- $384.0k
- Investments
- $8.9m
- Employees
- 0
- Location
- Norwood, MA
- Founding
- 12/1991
- Data as of
- 12/2023
- EIN
- 04-3109508
Organization Overview
Frank R And Elizabeth Simoni Foundation Inc is located in Norwood, MA. The organization was established in 1991. 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. Frank R And Elizabeth Simoni 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, Frank R And Elizabeth Simoni Foundation Inc generated $384.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $649.9k during the year ending 12/2023. While expenses have increased by 15.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Frank R And Elizabeth Simoni Foundation Inc has awarded 165 individual grants totaling $2,011,668. 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 |
|---|---|---|---|
Robert B Macdonald Director | 0.5 | $0 | |
Ann M Macdonald Clerk | 0.5 | $0 | |
Matthew Macdonald President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $232,372 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $151,628 |
| Capital Gain Net Income | $151,628 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $384,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $108,435 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,184 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,340 |
| Printing and publications | $0 |
| Other expenses | $1,763 |
| Total operating and administrative expenses | $118,190 |
| Contributions, gifts, grants paid | $531,753 |
| Total expenses and disbursements | $649,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $179,006 |
| 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 | $6,675,782 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,123,172 |
| 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, Frank R And Elizabeth Simoni Foundation Inc has awarded $531,753 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CANTON COUNCIL ON AGING PURPOSE: MEDICAL | $5,000 |
RON BURTON TRAINING VILLAGE PURPOSE: EDUCATIONAL | $5,000 |
DANA-FARBER CANCER INSTITUTE PURPOSE: MEDICAL | $100,000 |
BRIGHAM WOMAN'S HOSPITAL PURPOSE: MEDICAL | $200,000 |
CANTON HIGH SCHOOL PURPOSE: EDUCATIONAL | $3,000 |
MORRILL MEM LIBRARY LITERACY PROGRA PURPOSE: EDUCATIONAL | $8,000 |