Harold Simmons Foundation Inc
- Assets
- $9.5m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/1988
- Data as of
- 12/2023
- EIN
- 75-2222091
Organization Overview
Harold Simmons Foundation Inc is located in Dallas, TX. The organization was established in 1988. 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. Harold Simmons 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, Harold Simmons Foundation Inc generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $10.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Harold Simmons Foundation Inc has awarded 49 individual grants totaling $7,420,000. 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
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,500,000 |
| Interest on Savings | $226,189 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,000 |
| Total Revenue | $7,750,189 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $571,203 |
| Total operating and administrative expenses | $574,403 |
| Contributions, gifts, grants paid | $9,771,037 |
| Total expenses and disbursements | $10,345,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,542,577 |
| 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 | $9,542,577 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,776,889 |
| 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 | $3,776,889 |
Grants Awarded
Over the last fiscal year, Harold Simmons Foundation Inc has awarded $3,635,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
EVERY TEXAN PURPOSE: TO PROVIDE GENERAL SUPPORT. | $100,000 |
BRIGHTER TOMORROWS PURPOSE: TO SUPPORT VIOLENCE AND SEXUAL ASSAULT PROGRAMS. | $20,000 |
HELPING RESTORE ABILITY PURPOSE: TO SUPPORT INCREASED TRAINING IN DALLAS COUNTY. | $25,000 |
TEACH FOR AMERICA DALLASFORT WORTH PURPOSE: TO RECRUIT AND DEVELOP NEW TEACHERS AND PROVIDE DEVELOPMENT TO ALUMNI. | $100,000 |
BRIDGES TO LIFE PURPOSE: TO SUPPORT OPERATING EXPENSES. | $40,000 |
COMMUNITY DOES IT PURPOSE: TO SUPPORT GENERAL OPERATING EXPENSES. | $35,000 |