Simpson Charitable Tr is located in Avinger, TX. The organization was established in 2001. 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. Simpson Charitable 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, Simpson Charitable Tr generated $71.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $287.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Simpson Charitable Tr has awarded 146 individual grants totaling $693,960. 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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Phil Simpson Trustee | 0 | $0 | |
Lorraine H Simpson Trustee | 3 | $0 | |
David P Simpson Trustee | 0 | $0 | |
Michael W Dirks Trustee | 2 | $0 | |
Marimon S Nettleton Trustee | 10 | $15,000 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $51 |
Dividends & Interest | $27,833 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $43,527 |
Capital Gain Net Income | $43,527 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $71,411 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $15,000 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $11,109 |
Interest | $0 |
Taxes | $2,075 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $37,689 |
Contributions, gifts, grants paid | $249,500 |
Total expenses and disbursements | $287,189 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $31,928 |
Savings and temporary cash investments | $176,782 |
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 | $251 |
Total assets | $867,496 |
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 | $934 |
Total liabilities | $934 |
Over the last fiscal year, Simpson Charitable Tr has awarded $249,500 in support to 48 organizations.
Grant Recipient | Amount |
---|---|
MT MORIAH BAPTIST CHURCH PURPOSE: CHURCH GENERAL FUND | $2,000 |
CRU - CAMPUS CRUSADE FOR CHRIST PURPOSE: CAMPUS MISSIONS | $6,000 |
HOSPICE OF RENO COUNTY PURPOSE: HOSPICE SUPPORT | $1,200 |
CHRISTIAN HERITAGE SCHOOL PURPOSE: CHRISTIAN EDUCATION SUPPORT | $4,000 |
CROWN FINANCIAL MINISTRIES PURPOSE: CHRISTIAN FINANCIAL MISSION SUPPORT | $6,000 |
DALLAS THEOLOGICAL SEMINARY PURPOSE: CHRISTIAN MINISTRY EDUCATION SUPPORT | $50,000 |