Simpson Foundation Inc
- Assets
- $865.3k
- Revenue
- $88.4k
- Investments
- $594.4k
- Employees
- 0
- Location
- Milford, NJ
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-3282426
Organization Overview
Simpson Foundation Inc is located in Milford, NJ. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simpson Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James B Simpson Trustee-President | 1 | $0 | |
Margaret Simpson Trustee-Treasurer/secretary | 1 | $0 | |
Susan L Simpson Trustee | 1 | $0 | |
Amy Simpson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,307 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,089 |
| Capital Gain Net Income | $66,089 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $88,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,187 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2 |
| Total operating and administrative expenses | $21,747 |
| Contributions, gifts, grants paid | $110,000 |
| Total expenses and disbursements | $131,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,902 |
| 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 | $594,415 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $865,317 |
| 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, Simpson Foundation Inc has awarded $110,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
PLANNED PARENTHOOD FEDERATION PURPOSE: GENERAL | $15,000 |
ACLU OF NEW JERSEY PURPOSE: GENERAL | $20,000 |
CHARITY WATER PURPOSE: GENERAL | $5,000 |
WORLD CENTRAL KITCHEN PURPOSE: GENERAL | $10,000 |
BRIGID ALLIANCE PURPOSE: GENERAL | $5,000 |
NEIGHBORHOOD CENTER INC PURPOSE: GENERAL | $20,000 |