Joseph M Simmons Foundation is located in Heber City, UT. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Joseph M Simmons 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 12/2021, Joseph M Simmons Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (58.9%) each year. All expenses for the organization totaled $638.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Joseph M Simmons Foundation has awarded 23 individual grants totaling $779,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO OTHER TAX EXEMPT ORGANIZATIONS WHOSE PURPOSE IS CONSISTENT WITH THAT OF THE FOUNDATION. DONATIONS WERE MADE TO 9 SUCH ORGANIZTIONS IN 2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dan Simmons President | 0 | $0 | |
Trudy Simmons Secretary | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $535,432 |
Interest on Savings | $0 |
Dividends & Interest | $306,328 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $362,050 |
Capital Gain Net Income | $362,050 |
Net ST Capital Gain | $38,305 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $1,203,810 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $42 |
Taxes | $8,105 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $64,562 |
Total operating and administrative expenses | $89,469 |
Contributions, gifts, grants paid | $549,000 |
Total expenses and disbursements | $638,469 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $276,726 |
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 | $8,002,539 |
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 | $0 |
Total liabilities | $0 |
Over the last fiscal year, Joseph M Simmons Foundation has awarded $549,000 in support to 9 organizations.
Grant Recipient | Amount |
---|---|
UNIVERSITY OF NEBRASKA FOUNDATION PURPOSE: FELLOWSHIP AND RESEARCH | $260,000 |
Salt Lake City, UT PURPOSE: GENERAL | $150,000 |
UTAH OUTDOOR PARTNERS PURPOSE: GENERAL PURPOSE | $75,000 |
Salt Lake City, UT PURPOSE: GENERAL | $15,000 |
Salt Lake City, UT PURPOSE: SCHOLARSHIPS | $15,000 |
Salt Lake City, UT PURPOSE: GENERAL | $13,000 |
Organization Name | Assets | Revenue |
---|---|---|
Leonard & Beryl Buck Foundation Las Vegas, NV | $1,159,755,958 | $49,528,085 |
Wattis Dumke Foundation Inc Ketchum, ID | $124,566 | $75,918 |
Tw Ld Mceachearn Las Vegas, NV | $148,667,574 | $29,051,713 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Rea Charitable Trust Las Vegas, NV | $108,024,869 | $14,015,969 |
William H And Carrie Gottsche Foundation Thermopolis, WY | $15,267,869 | $5,413,273 |
Emerald Gate Charitable Trust Jackson, WY | $143,120,759 | $36,236,406 |
William A Badger Foundation 80108800 Las Vegas, NV | $45,476,386 | $5,276,997 |
San Antonio Electrical Vacation & Holiday Trust Agreement Albuquerque, NM | $996,599 | $3,364,803 |
Charles Weiner Charitable Trust Las Vegas, NV | $0 | $731,026 |
Sidney Stern Memorial Trust No 300-6-4020-02 Las Vegas, NV | $18,176,884 | $7,856,022 |
Pete & Arline Harman Trust Fund Salt Lake City, UT | $59,077,970 | $2,949,653 |