Peter T Simonian Md And Patricia L Simonian Family Foundation
- Assets
- $1.3m
- Revenue
- $371.1k
- Investments
- $1.3m
- Employees
- 0
- Location
- Clovis, CA
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-2573861
Organization Overview
Peter T Simonian Md And Patricia L Simonian Family Foundation is located in Clovis, CA. The organization was established in 2015. 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. Peter T Simonian MD And Patricia L Simonian 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 12/2023, Peter T Simonian MD And Patricia L Simonian Family Foundation generated $371.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $254.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Peter T Simonian MD And Patricia L Simonian Family Foundation has awarded 53 individual grants totaling $651,950. 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 |
|---|---|---|---|
Peter T Simonian MD President | 1 | $0 | |
Patricia L Simonian Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $329,004 |
| Interest on Savings | $7,302 |
| Dividends & Interest | $34,451 |
| 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 | $294 |
| Total Revenue | $371,051 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $628 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,003 |
| Contributions, gifts, grants paid | $240,000 |
| Total expenses and disbursements | $254,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,506 |
| 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 | $1,300,526 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,340,032 |
| 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, Peter T Simonian Md And Patricia L Simonian Family Foundation has awarded $240,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST ARMENIAN PRESBYTERIAN CHURCH PURPOSE: TO PROVIDE SUPPORT FOR MINISTRIES OF THE CHURCH | $10,000 |
UNIVERISTY OF WASHINGTON PURPOSE: TO SUPPORT UNIVERISTY OF WASHINGTON'S MISSION TO IMPROVE THE HEALTH OF THE PUBLIC, THROUG RESERACH AND TREATMENTS | $100,000 |
UNIVERSITY OF PITTSBURGH PURPOSE: TO SUPPORT UNIVERITY OF PITTSBURGH'S MISSION TO IMPROVE THE WORLD THROUGH RESEARCH, TEACHING AND SERVICE. | $10,000 |
HOSPITAL FOR SPECIAL SURGERY PURPOSE: TO SUPPORT DR. SCOTT RODEO'S RESEARCH TO HELP IMPROVE THE TREATMENT OF MUSCULOSKELETAL CONDITIONS FOR PATIENTS THROUGHOUT THE WORLD. | $100,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: TO SUPPORT DR. MCMAHON'S MISSION IN STEM CELL RESEARCH | $20,000 |