Manoogian Simone Foundation
- Assets
- $42.3m
- Revenue
- $10.4m
- Investments
- $17.5m
- Employees
- 0
- Location
- Dearborn, MI
- Founding
- 04/1964
- Data as of
- 12/2023
- EIN
- 38-1799107
Organization Overview
Manoogian Simone Foundation is located in Dearborn, MI. The organization was established in 1964. 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. Manoogian Simone 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 12/2023, Manoogian Simone Foundation generated $10.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $9.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Manoogian Simone Foundation has awarded 32 individual grants totaling $35,672,690. 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 |
|---|---|---|---|
Christine M Simone President/treas | 30 | $75,000 | |
David Simone Director | 2 | $0 | |
Mark Simone V.p./secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,352 |
| Dividends & Interest | $4,371,377 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,021,401 |
| Capital Gain Net Income | $6,021,401 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,394,130 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,982 |
| Interest | $0 |
| Taxes | $151,845 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,498 |
| Printing and publications | $0 |
| Other expenses | $1,740 |
| Total operating and administrative expenses | $250,697 |
| Contributions, gifts, grants paid | $9,386,605 |
| Total expenses and disbursements | $9,637,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,770,191 |
| 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 | $5,846,636 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $46,000 |
| Total assets | $42,347,475 |
| 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 | $71,531 |
| Total liabilities | $71,531 |
Grants Awarded
Over the last fiscal year, Manoogian Simone Foundation has awarded $9,386,605 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED SCHEDULE PURPOSE: CHARITABLE | $8,689,000 |
SEE ATTACHED SCHEDULE PURPOSE: EDUCATIONAL | $297,605 |
SEE ATTACHED SCHEDULE PURPOSE: RELIGIOUS/CULTURAL | $400,000 |