Norton Simon Foundation
- Assets
- $188.4m
- Revenue
- $4.7m
- Investments
- $130.8m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 03/1954
- Data as of
- 12/2023
- EIN
- 95-6035908
Organization Overview
Norton Simon Foundation is located in Pasadena, CA. The organization was established in 1954. 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. Norton Simon 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 12/2023, Norton Simon Foundation generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $6.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAINTAINS AN ART COLLECTION FOR CHARITABLE PURPOSES, WHICH IT LOANS TO PUBLIC ART MUSEUMS FOR EXHIBITION TO THE PUBLIC.
ACQUISITION OF EQUIPMENT AND MISCELLANEOUS CAPITALIZED EXPENDITURES RELATED TO THE MAINTENANCE OF ARTWORK.
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 |
|---|---|---|---|
Walter W Timoshuk President | 6 | $89,120 | |
Ronald H Dykhuizen CFO | 6 | $43,485 | |
Stephanie Villasenor Secretary | 7.5 | $37,250 | |
Sara Campbell Abdo Trustee | 1 | $0 | |
Luis Li Trustee | 1 | $0 | |
Thomas L Pfister Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Munger Tolles & Olson Llp | 12/30/22 | $59,877 |
Norton Simon Art Foundation | 12/30/22 | $396,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,578 |
| Dividends & Interest | $1,713,049 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,976,029 |
| Capital Gain Net Income | $4,568,396 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $150 |
| Total Revenue | $4,693,806 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $169,855 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $19,579 |
| Interest | $0 |
| Taxes | $102,549 |
| Depreciation | $157,279 |
| Occupancy | $51,338 |
| Travel, conferences, and meetings | $97 |
| Printing and publications | $0 |
| Other expenses | $850,727 |
| Total operating and administrative expenses | $1,519,573 |
| Contributions, gifts, grants paid | $4,500,000 |
| Total expenses and disbursements | $6,019,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $262,433 |
| Net Accounts receivable | $451,334 |
| 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 | $388,829 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $52,169,914 |
| Net Land, buildings, and equipment | $497,253 |
| Other assets | $56,059,100 |
| Total assets | $188,437,048 |
| Accounts payable and accrued expenses | $45,530 |
| Grants payable | $1,500,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $728,997 |
| Total liabilities | $2,274,527 |