Simmons First Foundation Inc
- Assets
- $17.4m
- Revenue
- $2.3m
- Investments
- $13.9m
- Employees
- 0
- Location
- Pine Bluff, AR
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 46-4607601
Organization Overview
Simmons First Foundation Inc is located in Pine Bluff, AR. The organization was established in 2016. 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. Simmons First 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.
For the year ending 12/2022, Simmons First Foundation Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $387.6k during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Simmons First Foundation Inc has awarded 254 individual grants totaling $2,945,181. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OZARK MISSION PROJECT TARGET DEMOGRAPHICS INCLUDE LOW-INCOME AND ELDERLY INDIVIDUALS ON FIXED INCOME UNABLE TO AFFORD NECESSARY IMPROVEMENTS TO HOMES FOR HANDICAP ACCESSIBLE. TARGET GEOGRAPHIC IS THE STATE OF ARKANSAS WITH OVER 280 IMPACTED BY THE SERVICE
COMPASS ACADEMY AROUND 50 SPECIAL NEEDS STUDENTS RANGING BETWEEN 5 YEARS OF AGE TO 19 YEARS OF AGE. LOCATED IN CENTRAL ARKANSAS
PROSPER SPRINGFIELD BUILDS RELATIONSHIPS AND ALIGNS COMMUNIT RESOURCES TO CREATE PATHWAYS THAT HELP MOVE PEOPLE TO PRROSPERTIY BY WORKING WITH 300 PLUS ORGANIZATIONS TO CREATE SYSTEMS OF SUPPORT, REDUCE DUPILCATION OF SERVICES AND IDENTIFY GAPS IN SERVICES TO INDIVIDUALS.
RISE FOUNDATION TO ASSIST PUBLIC HOUSING RESIDENTS ACHIEVE SELF- SUFFICIENCY.PARTICIPANTS COMPLETE FINANCIAL EDUCATION COURSES, OPENING BANK ACCOUNTS, ETC. EXPECT TO PROVIDE TRAINING MATERIALS FOR 20 PARTICIPANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Thomas May President | 0 | $0 | |
Robert L Shoptaw Director | 0 | $0 | |
Dr Harry L Ryburn Director | 0 | $0 | |
Dr Kaleybra Mitchell Director | 0 | $0 | |
George Makris Director | 0 | $0 | |
Marty D Casteel Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,750,870 |
| Interest on Savings | $350 |
| Dividends & Interest | $389,644 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $149,111 |
| Capital Gain Net Income | $149,111 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,289,975 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,868 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,633 |
| Contributions, gifts, grants paid | $362,000 |
| Total expenses and disbursements | $387,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,518,842 |
| 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 | $17,445,579 |
| 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, Simmons First Foundation Inc has awarded $362,000 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
ARKANSAS SMALL BUSINESS & TECHNOLOGY DEVELOPMENT CENTER PURPOSE: ECONOMIC DEVELOPMENT | $5,000 |
ATHENS-MCMINN FAMILY YMCA PURPOSE: SUMMER DAY CAMP | $1,000 |
AUSTIN URBAN LEAGUE PURPOSE: AFFORDABLE HOUSING | $10,000 |
BONTON FARMS PURPOSE: FINANCIAL LITERACY | $11,000 |
BRIGHT FUTURES PURPOSE: HYGIENE CLOSET AT JIMMY BROWN ELEMENTARY SCHOOL - STAR CITY | $1,000 |
BRYAN COUNTY TURNING POINT COALITION PURPOSE: BRYAN COUNTY BACK TO SCHOOL BASH | $1,000 |