J R Simplot Foundation Inc
- Assets
- $252.3m
- Revenue
- $2.0m
- Investments
- $164.6m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 01/1953
- Data as of
- 09/2023
- EIN
- 82-6003437
Organization Overview
J R Simplot Foundation Inc is located in Boise, ID. The organization was established in 1953. 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. J R Simplot 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 09/2023, J R Simplot Foundation Inc generated $2.0m 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 (39.2%) each year. All expenses for the organization totaled $8.3m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, J R Simplot Foundation Inc has awarded 91 individual grants totaling $1,850,000. 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
JUMP, LLC - COMMUNITY CENTER PROVIDING MEETING SPACES, PARKING, OUTDOOR PARK AND MUSEUM AVAILABLE AND OPEN TO THE PUBLIC FOR MEETINGS AND EDUCATIONAL CLASSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Simplot Director | 1 | $0 | |
Gay Simplot Director | 1 | $0 | |
Don Simplot Director | 1 | $0 | |
John Edward Simplot Director | 1 | $0 | |
Ronald Graves Secretary | 1 | $0 | |
John Don Simplot President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,554 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,557,253 |
| Net Rental Income | $581,562 |
| Net Gain on Sale of Assets | -$1,391,180 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $226,875 |
| Total Revenue | $1,982,064 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,309,505 |
| Pension plans, employee benefits | $255,817 |
| Interest | $0 |
| Taxes | $8,738 |
| Depreciation | $3,711,625 |
| Occupancy | $1,115,377 |
| Travel, conferences, and meetings | $19,742 |
| Printing and publications | $101,410 |
| Other expenses | $625,935 |
| Total operating and administrative expenses | $7,930,948 |
| Contributions, gifts, grants paid | $400,000 |
| Total expenses and disbursements | $8,330,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,879 |
| Savings and temporary cash investments | $2,479,979 |
| Net Accounts receivable | $235,313 |
| 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 | $29,553 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $81,280,179 |
| Other assets | $3,354,289 |
| Total assets | $252,251,649 |
| Accounts payable and accrued expenses | $128,452 |
| Grants payable | $0 |
| Deferred revenue | $51,149 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $179,601 |
Grants Awarded
Over the last fiscal year, J R Simplot Foundation Inc has awarded $400,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ASSISTANCE LEAGUE OF BOISE PURPOSE: ESSENTIAL SUPPLIES TO UNDERSERVED | $1,000 |
BASQUE MUSEUM PURPOSE: ART EDUCATION AND DISPLAY | $500 |
BALLET IDAHO PURPOSE: BALLET EDUCATION | $100,000 |
BOISE ART MUSEUM PURPOSE: ART EDUCATION AND DISPLAY | $5,000 |
BOISE BAROQUE ORCHESTRA PURPOSE: MUSIC EDUCATION | $5,000 |
BOISE CHORISTERS PURPOSE: MUSIC EDUCATION | $250 |