Simmons Family Foundation
- Assets
- $14.6m
- Revenue
- $643.4k
- Investments
- $13.1m
- Employees
- 0
- Location
- Farmington, UT
- Founding
- 01/1988
- Data as of
- 11/2021
- EIN
- 13-3420599
Organization Overview
Simmons Family Foundation is located in Farmington, UT. The organization was established in 1988. 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 Family 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 11/2021, Simmons Family Foundation generated $643.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 38.9% each year . All expenses for the organization totaled $632.7k during the year ending 11/2021. While expenses have increased by 1.1% per year over the past 5 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 2017, Simmons Family Foundation has awarded 91 individual grants totaling $2,701,023. 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 |
|---|---|---|---|
Le Simmons Trustee | 0.25 | $0 | |
Julia S Watkins Trustee | 0.25 | $0 | |
Elizabeth S Hoke Trustee | 0.25 | $0 | |
Harris H Simmons Trustee | 0.25 | $0 | |
David E Simmons Trustee | 0.25 | $0 | |
Ellen C L Simmons Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41,942 |
| Dividends & Interest | $434,272 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $167,226 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $643,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,340 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $800 |
| Total operating and administrative expenses | $9,503 |
| Contributions, gifts, grants paid | $623,180 |
| Total expenses and disbursements | $632,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,317 |
| Savings and temporary cash investments | $394,134 |
| 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 | $1,004,088 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $22,151 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,568,093 |
| 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 | $728 |
| Total liabilities | $728 |
Grants Awarded
Over the last fiscal year, Simmons Family Foundation has awarded $623,180 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
SHELTER THE HOMELESS PURPOSE: DONATION | $170,000 |
Salt Lake City, UT PURPOSE: DONATION | $100,000 |
Jackson, WY PURPOSE: DONATION | $53,180 |
PIONEER THEATRE COMOPANY PURPOSE: DONATION | $45,000 |
Farmington, UT PURPOSE: DONATION | $40,000 |
Salt Lake City, UT PURPOSE: DONATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Skip Viragh Foundation Inc Reno, NV | $289,471,217 | $23,635,241 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
People-People-People Foundation Dated 4-19-2018 Scottsdale, AZ | $10,000,014 | $37,338,865 |
Bob And Renee Parsons Foundation Scottsdale, AZ | $28,086,912 | $26,506,603 |
Temple Hoyne Buell Foundation Denver, CO | $377,422,437 | $27,172,510 |