David E And Melinda K Simmons Foundation
David E And Melinda K Simmons Foundation maintains stable assets with minimal operational expenses and no reported officer compensation.
EIN: 201848806 · Salt Lake Cty, UT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $70K |
| Total Expenses | $27K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.7 |
| Net Assets | $1.4M |
| Transparency Score | 90/100 |
Is David E And Melinda K Simmons Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
David E And Melinda K Simmons Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About David E And Melinda K Simmons Foundation
David E And Melinda K Simmons Foundation (EIN: 201848806) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code T22. The organization reported total revenue of $70K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of David E And Melinda K Simmons Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
David E And Melinda K Simmons Foundation is a micro nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -16.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $27K |
| Surplus / Deficit | +$43K |
| Total Assets | $1.7M |
| Total Liabilities | $267K |
| Net Assets | $1.4M |
| Operating Margin | 62.1% |
| Debt-to-Asset Ratio | 15.6% |
| Months of Reserves | 772.2 months |
Financial Health Grade: A
In 2023, David E And Melinda K Simmons Foundation reported a surplus of $43K with revenue exceeding expenses, holds 772.2 months of operating reserves (strong position), has a debt-to-asset ratio of 15.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), David E And Melinda K Simmons Foundation's revenue has declined at a compound annual growth rate (CAGR) of -16.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.0% | +1210.6% | +-0.0% |
| 2022 | +47.3% | -61.2% | -5.9% |
| 2021 | -69.6% | -95.6% | -0.3% |
| 2020 | -50.1% | -56.1% | +2.5% |
| 2019 | +532.7% | +6767.3% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates David E And Melinda K Simmons Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, David E And Melinda K Simmons Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $43K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a foundation of its size with assets over $1.7 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of David E And Melinda K Simmons Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in summary data makes full spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for David E And Melinda K Simmons Foundation:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership.
- Low overall expense ratios relative to assets, suggesting efficient operations.
- Stable asset base over time, indicating sound financial management.
- No apparent fundraising expenses, likely due to its nature as a private foundation.
Frequently Asked Questions about David E And Melinda K Simmons Foundation
Is David E And Melinda K Simmons Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, David E And Melinda K Simmons Foundation (EIN: 201848806) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does David E And Melinda K Simmons Foundation spend its money?
David E And Melinda K Simmons Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to David E And Melinda K Simmons Foundation tax-deductible?
David E And Melinda K Simmons Foundation is registered as a tax-exempt nonprofit (EIN: 201848806). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the David E And Melinda K Simmons Foundation CEO make?
David E And Melinda K Simmons Foundation's highest-compensated officer earns $1.7 annually. The organization reported $70K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does David E And Melinda K Simmons Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), David E And Melinda K Simmons Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is David E And Melinda K Simmons Foundation located?
David E And Melinda K Simmons Foundation is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 201848806. It is classified under NTEE code T22.
How many years of IRS 990 filings does David E And Melinda K Simmons Foundation have?
David E And Melinda K Simmons Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $70K in total revenue.
What are the specific program activities or grants made by the foundation?
The provided data does not detail specific program activities or grant recipients. Further investigation into the full IRS Form 990-PF would be necessary to understand its grantmaking focus.
How does the foundation manage its investment assets?
While the asset base is substantial at $1,707,004 (202312), the filings do not provide details on investment strategies or associated management fees, which would be part of the overall expenses.
What is the long-term strategy for the foundation's endowment?
The consistent asset levels suggest a strategy focused on maintaining or growing the endowment, but specific long-term financial or programmatic goals are not discernible from the summary data.
Filing History
IRS 990 filing history for David E And Melinda K Simmons Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), David E And Melinda K Simmons Foundation's revenue has declined by 88.8%, moving from $627K to $70K. Total assets increased by 1.3% over the same period, from $1.7M to $1.7M. Total functional expenses fell by 93.7%, from $419K to $27K. In its most recent filing year (2023), David E And Melinda K Simmons Foundation reported a surplus of $43K, with revenue exceeding expenses. The organization holds $267K in liabilities against $1.7M in assets (debt-to-asset ratio: 15.6%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $70K | $27K | $1.7M | $267K | — | View 990 |
| 2022 | $103K | $2K | $1.7M | $310K | — | View 990 |
| 2021 | $70K | $5K | $1.8M | $379K | — | View 990 |
| 2020 | $230K | $118K | $1.8M | $448K | — | — |
| 2019 | $460K | $268K | $1.8M | $518K | — | View 990 |
| 2015 | $73K | $4K | $1.7M | $795K | — | View 990 |
| 2014 | $154K | $3K | $1.7M | $865K | — | View 990 |
| 2013 | $70K | $2K | $1.7M | $965K | — | View 990 |
| 2012 | $70K | $8K | $1.7M | $1.0M | — | View 990 |
| 2011 | $627K | $419K | $1.7M | $894K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $70K, expenses of $27K, and assets of $1.7M (revenue -32.0% year-over-year).
- 2022: Revenue of $103K, expenses of $2K, and assets of $1.7M (revenue +47.3% year-over-year).
- 2021: Revenue of $70K, expenses of $5K, and assets of $1.8M (revenue -69.6% year-over-year).
- 2020: Revenue of $230K, expenses of $118K, and assets of $1.8M (revenue -50.1% year-over-year).
- 2019: Revenue of $460K, expenses of $268K, and assets of $1.8M (revenue +532.7% year-over-year).
- 2015: Revenue of $73K, expenses of $4K, and assets of $1.7M (revenue -52.7% year-over-year).
- 2014: Revenue of $154K, expenses of $3K, and assets of $1.7M (revenue +120.3% year-over-year).
- 2013: Revenue of $70K, expenses of $2K, and assets of $1.7M (revenue +0.0% year-over-year).
- 2012: Revenue of $70K, expenses of $8K, and assets of $1.7M (revenue -88.9% year-over-year).
- 2011: Revenue of $627K, expenses of $419K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for David E And Melinda K Simmons Foundation:
Data Sources and Methodology
This transparency report for David E And Melinda K Simmons Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.