Simpson Foundation
- Assets
- $26.6m
- Revenue
- $1.9m
- Investments
- $25.9m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 02/1965
- Data as of
- 12/2022
- EIN
- 57-6017451
Organization Overview
Simpson Foundation is located in Detroit, MI. The organization was established in 1965. 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. Simpson 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 12/2022, Simpson Foundation generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Simpson Foundation has awarded 161 individual grants totaling $7,872,500. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wells Fargo Trustee | 1 | $56,668 | |
John Kuhne Board Of Advisors | 1 | $1,000 | |
Caroline Schmitt Board Of Advisors | 1 | $500 | |
Lucy S Kuhne Board Of Advisors | 1 | $1,000 | |
Wilma Johnson Board Of Advisors | 1 | $500 | |
Nell Rice Board Of Advisors | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $886 |
| Dividends & Interest | $787,767 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,139,988 |
| Capital Gain Net Income | $1,139,988 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$7,808 |
| Total Revenue | $1,920,833 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $67,497 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,554 |
| Taxes | $115,173 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $751 |
| Total operating and administrative expenses | $376,665 |
| Contributions, gifts, grants paid | $1,876,000 |
| Total expenses and disbursements | $2,252,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $703,123 |
| 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 | $26,625,347 |
| 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 has awarded $1,876,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
PERFORMING ARTS CENTER INC PURPOSE: GENERAL SUPPORT | $10,000 |
HEALTHNETWORK FOUNDATION PURPOSE: SUPPORT OF DAILY OPERATIONS | $10,000 |
SHEPHARD CENTER FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
CHRIST COMMUNITY CHURCH MONTREAT PURPOSE: SCHOLARSHIP | $25,000 |
PCSC FOUNDATION PURPOSE: SUPPORT OF DAILY OPERATIONS | $10,000 |
WILLIAMS PLACE PURPOSE: SUPPORT OF DAILY OPERATIONS | $15,000 |