S R Simplot Foundation Inc
- Assets
- $12.7m
- Revenue
- $1.3m
- Investments
- $12.7m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 47-5445541
Organization Overview
S R Simplot Foundation Inc is located in Boise, ID. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. S R Simplot 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 12/2023, S R Simplot Foundation Inc generated $1.3m 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 (35.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDAHO COMMUNITY FOUNDATION CONTRIBUTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott R Simplot Director/president | 0 | $0 | |
Maggie Soderberg Director/vice President | 0 | $0 | |
Kristin H Thomas Director | 0 | $0 | |
Jill E Simplot Director | 0 | $0 | |
Ronald N Graves Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $410,400 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $842,062 |
| Capital Gain Net Income | $842,062 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,252,462 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,457 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,556 |
| Contributions, gifts, grants paid | $1,438,089 |
| Total expenses and disbursements | $1,454,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,106 |
| 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 | $12,744,743 |
| 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, S R Simplot Foundation Inc has awarded $1,438,089 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
IDAHO COMMUNITY FOUNDATION PURPOSE: DONATION | $1,368,089 |
TREASURE VALLEY CHILDREN'S THEATER PURPOSE: DONATION | $50,000 |
IDAHO HIGH SCHOOL ACTIVITIES FOUNDATION PURPOSE: DONATION | $20,000 |