Joseph M Simmons Foundation
- Assets
- $8.0m
- Revenue
- $1.2m
- Investments
- $7.7m
- Employees
- 0
- Location
- Heber City, UT
- Founding
- Data as of
- 12/2021
- EIN
- 84-6965845
Organization Overview
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trudy Simmons Secretary | 0 | $0 | |
Dan Simmons President | 0 | $0 |
Financial Statements
| 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 |
Grants Awarded
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 |
Peer Organizations
| 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 |