Glassock-Simpson Family Foundation
- Assets
- $14.8k
- Revenue
- $1.2k
- Investments
- $10.7k
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 02/2006
- Data as of
- 12/2022
- EIN
- 20-4081960
Organization Overview
Glassock-Simpson Family Foundation is located in Lexington, KY. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Glassock-Simpson 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 12/2022, Glassock-Simpson Family Foundation generated $1.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (41.7%) each year. All expenses for the organization totaled $723.0 during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (50.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $6 |
| Dividends & Interest | $174 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,180 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $220 |
| Total operating and administrative expenses | $223 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,085 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,795 |
| 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, Glassock-Simpson Family Foundation has awarded $44,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE LEXINGTON SCHOOL PURPOSE: DONATION TO ANNUAL FUND AND TO ESTABLISH AN ART FUND IN HONOR OF 50TH ANNIVERSARY CLEBRATION | $3,500 |
CENTRAL CHRISTIAN CHURCH PURPOSE: TO CARRY ON THE MISSION OF THE ORGANIZATION WHICH IS TO SPREAD THE GOOD NEWS OF JESUS CHRIST. | $14,000 |
BLUEGRASS COMMUNITY FOUNDATION PURPOSE: BLUE GRASS COMMUNITY FOUNDATION IS WHERE PEOPLE GO TO GIVEOF THEIR PASSION, MONEY AND IDEASTO ENHANCE THE QUALITY OF LIFE IN CENTRAL AND EASTERN KENTUCKY. WE HELP INDIVIDUALS, FAMILIES, BUSINESSES, COMMUNITIES AND NONPROFIT ORGANIZATIONS ESTABLISH CHARITABLE FUNDS, GUIDE THEIR RESOURCES TO SUPPORT CAUSES THEY CARE ABOUT, MEET COMMUNITY NEEDS AND MAKE A DIFFERENCE. | $25,000 |
KIDS CANCER ALLIANCE PURPOSE: THE MISSION OF KIDS CANCER ALLIANCE IS TO ENHANCE THE QUALITY OF LIFE FOR CHILDREN WITH CANCER AND THEIR FAMILIES THROUGH OUR RECREATIONAL AND SUPPORT PROGRAMS. | $2,000 |