Simmons Family Foundation Inc
- Assets
- $4.5m
- Revenue
- $2.9m
- Investments
- $1.7m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 06-1409685
The information for Simmons Family Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in Greenwich, CT. It has been in existence for 27 years, following its founding in 1994.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Simmons Family Foundation Inc's NTEE code is T20. This means that it falls under the classification of Philanthropy, Voluntarism & Grantmaking Foundations. As a Private Grantmaking Foundation, it is a nongovernmental, nonprofit organization with funds and programs managed by its own trustees or directors. The foundation's main purpose is to maintain or aid social, educational, religious, or other charitable activities serving the common welfare, primarily through grantmaking. Additionally, the organization is classified as a 501(c)(3) organization, meaning it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work according to the Internal Revenue Code.
Grant History
The Simmons Family Foundation Inc has a grant history spanning eight years. Over this time, they have awarded a total of 374 grants, with an average check size of $2,723. On average, they award 47 grants each year. The foundation has distributed grants across various NTEE sectors, with a focus on Education (45), Arts, Culture & Humanities (35), and Philanthropy, Voluntarism & Grantmaking Foundations (15). In terms of geographical distribution, the foundation has awarded the highest number of grants in Connecticut (130), followed by New York (87), and the District of Columbia (15). Other notable states include California (14), Massachusetts (54), and Illinois (31). Overall, the Simmons Family Foundation Inc has a diverse grant portfolio, supporting organizations across multiple sectors and states.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven J Simmons VP & Tr. | 0.25 | $0 | |
Eileen Simmons President | 0.25 | $0 | |
Daniel L Daniels Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,877,393 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,980 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$70,497 |
| Capital Gain Net Income | $2,130,462 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31 |
| Total Revenue | $2,855,907 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $960 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,905 |
| Total operating and administrative expenses | $8,865 |
| Contributions, gifts, grants paid | $152,984 |
| Total expenses and disbursements | $161,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,037 |
| Savings and temporary cash investments | $2,788,284 |
| 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 | $1,744,494 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,542,815 |
| 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, Simmons Family Foundation Inc has awarded $152,984 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: FOR CHARITABLE PURPOSES | $40,000 |
Stamford, CT PURPOSE: FOR CHARITABLE PURPOSES | $20,000 |
Hartford, CT PURPOSE: FOR CHARITABLE PURPOSES | $15,000 |
YOU GOTTA BELIEVE PURPOSE: FOR CHARITABLE PURPOSES | $12,500 |
THE WHITE HOUSE HISTORICAL ASSOCIATION PURPOSE: FOR CHARITABLE PURPOSES | $10,000 |
Chicago, IL PURPOSE: FOR CHARITABLE PURPOSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |