Simone Charitable Foundation Inc
- Assets
- $116.2m
- Revenue
- $7.2m
- Investments
- $39.5m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 82-3971316
Organization Overview
Simone Charitable Foundation Inc is located in Scottsdale, AZ. The organization was established in 2018. 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. Simone Charitable 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 12/2021, Simone Charitable Foundation Inc generated $7.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.7%) each year. All expenses for the organization totaled $8.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Simone Charitable Foundation Inc has awarded 39 individual grants totaling $10,704,710. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Grayson President | 40 | $339,981 | |
Curt Christensen Treasurer | 40 | $159,986 | |
John Kelly Director | 2 | $0 | |
Grant Boland Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Russ Lyons Sothebys International | 12/30/21 | $475,000 |
Ballard Spahr | 12/30/21 | $141,471 |
Jll | 12/30/21 | $132,609 |
Jp Morgan | 12/30/21 | $152,806 |
Hannay Realty Advisors | 12/30/21 | $74,786 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $574,418 |
| Dividends & Interest | $91,518 |
| Net Rental Income | $486,872 |
| Net Gain on Sale of Assets | $2,634,663 |
| Capital Gain Net Income | $2,634,663 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,192,727 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $499,967 |
| Other employee salaries and wages | $56,494 |
| Pension plans, employee benefits | $32,134 |
| Interest | $456,270 |
| Taxes | $1,052,716 |
| Depreciation | $1,402,377 |
| Occupancy | $42,282 |
| Travel, conferences, and meetings | $1,301 |
| Printing and publications | $0 |
| Other expenses | $1,007,238 |
| Total operating and administrative expenses | $4,732,480 |
| Contributions, gifts, grants paid | $3,435,001 |
| Total expenses and disbursements | $8,167,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,124,158 |
| Savings and temporary cash investments | $21,306,409 |
| Net Accounts receivable | $12,067,931 |
| 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 | $487,193 |
| Net Investments - land, buildings, equipment | $40,502,892 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,730,935 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $234,675 |
| Total assets | $116,213,813 |
| Accounts payable and accrued expenses | $480,032 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $10,925,000 |
| Other liabilities | $369,567 |
| Total liabilities | $11,774,599 |
Grants Awarded
Over the last fiscal year, Simone Charitable Foundation Inc has awarded $3,435,001 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ PURPOSE: FUND THE DIRECT AID OF KIDNEY PATIENTS IN ARIZONA | $730,000 |
Atlanta, GA PURPOSE: AZ DISCOVERY BOOST GRANTS PROGRAM | $500,000 |
Phoenix, AZ PURPOSE: BIRTH TO FIVE CENTER OF EXCELLENCE, SMOOTH WAY HOME | $500,000 |
Miami, FL PURPOSE: PROJECT PDGENERATION INITIATIVE ARIZONA FOR PATIENTS IN AZ | $435,001 |
BOYS GIRLS CLUB OF GREATER PHOENIX PURPOSE: ACADEMIC SUCCESS STEM PROGRAM | $250,000 |
Scottsdale, AZ PURPOSE: ARIZONA WISHES | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Simone Charitable Foundation Inc has recieved totaling $60,064.
| Awarding Organization | Amount |
|---|---|
National Road Safety Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $60,064 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |