Richard H Simons Charitable Trust Ada Simons & Rose Ins Agency Ch Tr
- Assets
- $1.8m
- Revenue
- $67.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Hollywood, FL
- Founding
- 03/1995
- Data as of
- 12/2022
- EIN
- 59-7034786
Organization Overview
Richard H Simons Charitable Trust Ada Simons & Rose Ins Agency Ch Tr is located in Hollywood, FL. The organization was established in 1995. 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. Richard H Simons Charitable Trust Ada Simons & Rose Ins Agency Ch Tr 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, Richard H Simons Charitable Trust Ada Simons & Rose Ins Agency Ch Tr generated $67.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $315.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard H Simons Charitable Trust Ada Simons & Rose Ins Agency Ch Tr has awarded 24 individual grants totaling $153,180. 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
NOT APPLICABLE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $146 |
| Dividends & Interest | $42,700 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,177 |
| Capital Gain Net Income | $24,177 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $204,000 |
| Other employee salaries and wages | $3,600 |
| Pension plans, employee benefits | $34,601 |
| Interest | $0 |
| Taxes | $12,347 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $341 |
| Total operating and administrative expenses | $275,773 |
| Contributions, gifts, grants paid | $39,456 |
| Total expenses and disbursements | $315,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $122,966 |
| 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 | $1,009,719 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,808,356 |
| 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, Richard H Simons Charitable Trust Ada Simons & Rose Ins Agency Ch Tr has awarded $39,456 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ANTI DEFAMATION LEAGUE PURPOSE: CHARITABLE | $6,600 |
BOYS AND GIRLS CLUBS PURPOSE: CHARITABLE | $5,356 |
SOUTH FLORIDA PBS PURPOSE: CHARITABLE | $2,000 |
FAIRCHILD TROPICAL GARDENS PURPOSE: CHARITABLE | $12,000 |
GREATER MIAMI JEWISH FEDERATION PURPOSE: CHARITABLE | $1,000 |
CHILDREN'S BEREAVEMENT PURPOSE: CHARITABLE | $2,500 |