The Simmet Foundation
- Assets
- $0.0
- Revenue
- $83.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, MN
- Founding
- Data as of
- 12/2016
- EIN
- 41-1643809
Organization Overview
The Simmet Foundation is located in Newport, MN.
For the year ending 12/2016, Simmet Foundation generated $83.1k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.2m during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia M Simmet President | 1 | $0 | |
Marla J Simmet Secretary | 1 | $0 | |
Robert P Simmet Treasurer | 1 | $0 | |
Margaret M Simmet Director | 1 | $0 | |
John P Simmet Director | 1 | $0 | |
Christine A Lilienthal Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,202 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,265 |
| Capital Gain Net Income | $57,265 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $583 |
| Total Revenue | $83,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $397 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $139 |
| Total operating and administrative expenses | $26,321 |
| Contributions, gifts, grants paid | $1,176,432 |
| Total expenses and disbursements | $1,202,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, The Simmet Foundation has awarded $55,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL ASSOCIATION - RUNAWAY INTERVENTION PURPOSE: GENERAL SUPPORT | $4,000 |
HABITAT FOR HUMANITY - NORTH ST LOUIS COUNTY PURPOSE: GENERAL SUPPORT | $1,500 |
JEREMIAH PROGRAM PURPOSE: GENERAL SUPPORT | $1,000 |
MAYO CLINIC - RADIATION ONCOLOGY PURPOSE: GENERAL SUPPORT | $5,000 |
PRESBYTERIAN HOMES FOUNDATION PURPOSE: GENERAL SUPPORT | $8,000 |
REGIONS HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $2,000 |