Simon Family Foundation
- Assets
- $6.9m
- Revenue
- $202.8k
- Investments
- $6.7m
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 02/1999
- Data as of
- 06/2023
- EIN
- 54-1922543
Organization Overview
Simon Family Foundation is located in Virginia Beach, VA. The organization was established in 1999. 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. Simon 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.
Since 2015, Simon Family Foundation has awarded 70 individual grants totaling $2,224,461. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE TIDEWATER JEWISH FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SIMON FAMILY FOUNDATION'S GRANT-MAKING PROGRAMS ARE ESTABLISHED WITH THE GOAL OF PROVIDING FINANCIAL AND OTHER ASSISTANCE IN SUPPORT OF JEWISH AND NON-JEWISH CHARITABLE CAUSES IN THE FIELDS OF RELIGION, EDUCATION, SCIENCE, INTERGROUP RELATIONS, CIVIC, CULTURAL, HEALTH AND SOCIAL SERVICES. THIS HAS BEEN ACHIEVED BY PROVIDING ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS WITHIN AND WITHOUT THE UNITED STATES, WHILE PROVIDING IDENTIFIABLE BENEFITS FOR THE WELFARE OF THE PEOPLE AND GEOGRAPHIC AREAS OF TIDEWATER, VIRGINIA AND ISRAEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerrold Miller Director | Trustee | 1 | $0 |
Betty Ann Levin Director | Trustee | 1 | $0 |
Kim Fink President | OfficerTrustee | 1 | $0 |
Amy Goldberg Director | Trustee | 1 | $0 |
Naomi Sedek Secretary | OfficerTrustee | 1 | $0 |
Ben Simon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $56,437 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $146,406 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $202,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $225,135 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $54,774 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,216 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $572 |
| All other expenses | $116 |
| Total functional expenses | $336,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,650,036 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $291,280 |
| Total assets | $6,941,316 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $6,650,036 |
| Net assets with donor restrictions | $291,280 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,941,316 |
Grants Awarded
Over the last fiscal year, Simon Family Foundation has awarded $225,135 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FORKIDS INC PURPOSE: ENSURING THE EDUCATIONAL SUCCESS OF CHILDREN EXPERIENCING HOMELESSNESS | $20,000 |
FOODBANK OF SOUTHEASTERN VIRGINIA PURPOSE: FEEDING OUR CHILDREN THE BACK PACK PROGRAM | $20,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE INC PURPOSE: HUMANITARIAN AID & JEWISH COMMUNITY DEVELOPMENT IN CUBA | $50,000 |
UNITED JEWISH FEDERATION OF TIDEWATER PURPOSE: HOLOCAUST/ELIE WIESEL WRITING COMPETITION, CRC ISRAEL TODAY CULTURAL ISRAEL TODAY AND PJ LIBRARY & PJ OUR WAY | $84,635 |
TIDEWATER JEWISH FOUNDATION PURPOSE: MULTI-GEN RESOURCES & INSURANCE PREMIUM MATCHING | $22,500 |
OHEF SHOLOM TEMPLE PURPOSE: INVESTING IN OUR FUTURE: RESTRUCTURING & REVITALIZING OUR RELIGIOUS SCHOOL | $28,000 |