David L Simon Foundation
- Assets
- $2.8m
- Revenue
- $112.6k
- Investments
- $2.3m
- Employees
- 0
- Location
- Henderson, NV
- Founding
- 08/2002
- Data as of
- 12/2023
- EIN
- 73-1646761
Organization Overview
David L Simon Foundation is located in Henderson, NV. The organization was established in 2002. 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. David L Simon 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, David L Simon Foundation generated $112.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $171.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, David L Simon Foundation has awarded 46 individual grants totaling $977,403. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO THE MIDBAR KODESH TEMPLE
DONATIONS TO JEWISH NEVADA
DONATIONS TO VIMA CHILDREN'S HOME
DONATIONS TO OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald M Welt President | 0 | $0 | |
Marcy Welt Secretary | 0 | $0 | |
Barry Fieldman Treasurer | 0 | $0 | |
Amy Fieldman Trustee | 0 | $0 | |
Connie Pectol Trustee | 0 | $0 | |
Jordan Doctors Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35,368 |
| Dividends & Interest | $56,368 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,840 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112,576 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $20,436 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,574 |
| Total operating and administrative expenses | $54,113 |
| Contributions, gifts, grants paid | $117,194 |
| Total expenses and disbursements | $171,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,222 |
| 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 | $535,086 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $166,075 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,836,738 |
| 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 | $237,194 |
| Other liabilities | $0 |
| Total liabilities | $237,194 |
Grants Awarded
Over the last fiscal year, David L Simon Foundation has awarded $117,194 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JEWISH UNIVERSITY PURPOSE: CONTRIBUTION | $1,000 |
MIDBAR KODESH TEMPLE PURPOSE: CONTRIBUTION | $88,444 |
LAS VEGAS CLARK COUNTY LIBRARY DIST PURPOSE: CONTRIBUTION | $3,500 |
JEWISH FAMILY SERVICES PURPOSE: CONTRIBUTIONS | $2,500 |
JEWISH NEVADA PURPOSE: CONTRIBUTION | $10,100 |
IMPROVE CARE NOW PURPOSE: CONTRIBUTIONS | $3,000 |