Nick Simons Foundation
- Assets
- $186.2m
- Revenue
- $6.6m
- Investments
- $184.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2006
- Data as of
- 06/2021
- EIN
- 20-3101239
Organization Overview
Nick Simons Foundation is located in New York, NY. The organization was established in 2006. 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. Nick Simons 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 06/2021, Nick Simons Foundation generated $6.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $16.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nick Simons Foundation has awarded 61 individual grants totaling $28,197,626. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
SEE GENERAL EXPLANATION ATTACHMENT
SEE GENERAL EXPLANATION ATTACHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Simons President | 1 | $0 | |
Marilyn Simons Secretary & Treasurer | 2 | $0 | |
Caitlin Heising Trustee | 0.5 | $0 | |
Laura Baxter Simons Trustee | 0.5 | $0 | |
Mark Heising Trustee | 0.5 | $0 | |
Audrey Cappell Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bhekh Thapa | 6/29/21 | $91,000 |
Grant Thornton Llp | 6/29/21 | $66,055 |
Newhouse Ny Inc | 6/29/21 | $55,329 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,594,923 |
| Capital Gain Net Income | $8,242,546 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3 |
| Total Revenue | $6,594,960 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $914,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $11,592 |
| Other expenses | $22,180 |
| Total operating and administrative expenses | $1,399,890 |
| Contributions, gifts, grants paid | $15,314,134 |
| Total expenses and disbursements | $16,714,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,460,307 |
| Savings and temporary cash investments | $150,543 |
| 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 | $212,331 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $184,400,284 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $186,223,465 |
| Accounts payable and accrued expenses | $44,928 |
| Grants payable | $20,452,128 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,684,607 |
| Total liabilities | $22,181,663 |
Grants Awarded
Over the last fiscal year, Nick Simons Foundation has awarded $23,435,728 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO SUPPORT GRADIAN'S MISSION TOSUPPLY MEDICAL EQUIPMENT IN LOW-RESOURCE HOSPITALS GLOBALLY (ROLLING PLEDGE) | $6,500,000 |
New York, NY PURPOSE: TO SUPPORT GRADIAN'S MISSION TOSUPPLY MEDICAL EQUIPMENT IN LOW-RESOURCE HOSPITALS GLOBALLY | $6,500,000 |
New York, NY PURPOSE: PROGRAM AND GENERAL OPERATING SUPPORT FOR THE NICK SIMONS INSTITUTE IN NEPAL | $5,025,000 |
FEDERATION OF TAMIL SANGAMS OF NORTH AMERICA (FETNA) PURPOSE: TO PROVIDE OXYGEN GENERATORS AND OTHER VENTILATION EQUIPMENT FOR TAMIL NADU, INDIA IN RESPONSE TO THE COVID-19 PANDEMIC | $1,000,000 |
NYAYA HEALTH NEPAL PURPOSE: RESTRICTED FOR OPERATING SUPPORT FOR HOSPITAL SERVICES AND PROGRAMS AT BAYALPATA HOSPITAL, AND SERVICE EXPANSION IN THE DISTRICT OF ACHHAAM, FAR-WESTERN, NEPAL. | $750,000 |
PATAN HOSPITAL PURPOSE: TO SUPPORT THE CONSTRUCTION OF THE HOSTEL BLOCK FOR THE SCHOOL OF NURSING AND MIDWIFERY AT SANEPA, LALITPUR | $460,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nick Simons Foundation has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
The Tech Interactive San Jose, CA PURPOSE: UNRESTRICTED | $75,000 |
The Tech Interactive San Jose, CA PURPOSE: UNRESTRICTED | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |