Michael Simonson Foundation
EIN: 464488884 · Concord, VT · NTEE: G84
| Metric | Value |
|---|---|
| Total Revenue | $144K |
| Total Expenses | $137K |
| Net Assets | $94K |
Is Michael Simonson Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Michael Simonson Foundation
Michael Simonson Foundation (EIN: 464488884) is a nonprofit organization based in Concord, VT, classified under NTEE code G84. The organization reported total revenue of $144K and total assets of $72K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael Simonson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michael Simonson Foundation is a small nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2014–2020).
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $194K |
| Total Expenses | $137K |
| Surplus / Deficit | +$57K |
| Total Assets | $98K |
| Total Liabilities | $5K |
| Net Assets | $94K |
| Operating Margin | 29.5% |
| Debt-to-Asset Ratio | 4.7% |
| Months of Reserves | 8.6 months |
Financial Health Grade: A
In 2020, Michael Simonson Foundation reported a surplus of $57K with revenue exceeding expenses, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.7% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +103.1% | +6.7% | +121.9% |
| 2019 | -19.3% | +62.8% | -47.5% |
| 2018 | +181.3% | +203.4% | +366.2% |
| 2017 | +20980.0% | +2040.6% | +842.3% |
| 2016 | -95.6% | -24.9% | -34.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Michael Simonson Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Michael Simonson Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $57K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.7%.
Frequently Asked Questions about Michael Simonson Foundation
Is Michael Simonson Foundation a legitimate charity?
Michael Simonson Foundation (EIN: 464488884) is a registered tax-exempt nonprofit based in Vermont. It has 7 years of IRS 990 filings on record. Total revenue: $144K. No red flags identified. Financial health grade: A.
How does Michael Simonson Foundation spend its money?
Michael Simonson Foundation reported $144K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Michael Simonson Foundation tax-deductible?
Michael Simonson Foundation is registered as a tax-exempt nonprofit (EIN: 464488884). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Michael Simonson Foundation located?
Michael Simonson Foundation is headquartered in Concord, Vermont and files with the IRS under EIN 464488884. It is classified under NTEE code G84.
How many years of IRS 990 filings does Michael Simonson Foundation have?
Michael Simonson Foundation has 7 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 $144K in total revenue.
Filing History
IRS 990 filing history for Michael Simonson Foundation showing financial trends over 7 years of public records:
Total assets increased by 9819300% over the same period, from $1 to $98K. In its most recent filing year (2020), Michael Simonson Foundation reported a surplus of $57K, with revenue exceeding expenses. The organization holds $5K in liabilities against $98K in assets (debt-to-asset ratio: 4.7%), resulting in net assets of $94K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $194K | $137K | $98K | $5K | — | — |
| 2019 | $96K | $128K | $44K | $0 | — | View 990 |
| 2018 | $119K | $79K | $84K | $0 | — | View 990 |
| 2017 | $42K | $26K | $18K | $0 | — | View 990 |
| 2016 | $200 | $1K | $2K | $0 | — | View 990 |
| 2015 | $5K | $2K | $3K | $0 | — | View 990 |
| 2014 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $194K, expenses of $137K, and assets of $98K (revenue +103.1% year-over-year).
- 2019: Revenue of $96K, expenses of $128K, and assets of $44K (revenue -19.3% year-over-year).
- 2018: Revenue of $119K, expenses of $79K, and assets of $84K (revenue +181.3% year-over-year).
- 2017: Revenue of $42K, expenses of $26K, and assets of $18K (revenue +20980.0% year-over-year).
- 2016: Revenue of $200, expenses of $1K, and assets of $2K (revenue -95.6% year-over-year).
- 2015: Revenue of $5K, expenses of $2K, and assets of $3K.
- 2014: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michael Simonson Foundation:
Data Sources and Methodology
This transparency report for Michael Simonson 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.