Simmons Family Foundation
Simmons Family Foundation consistently spends more than its annual revenue, drawing from its substantial asset base.
EIN: 133420599 · Farmington, UT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $515K |
| Total Expenses | $875K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $18,136,562 |
| Net Assets | $11.2M |
| Transparency Score | 85/100 |
Is Simmons Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Simmons Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Simmons Family Foundation
Simmons Family Foundation (EIN: 133420599) is a nonprofit organization based in Farmington, UT. The organization reported total revenue of $515K and total assets of $18.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Simmons Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Simmons Family Foundation is a small nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $526K |
| Total Expenses | $875K |
| Surplus / Deficit | $-349,207 |
| Total Assets | $11.2M |
| Total Liabilities | $2K |
| Net Assets | $11.2M |
| Operating Margin | -66.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 153.4 months |
Financial Health Grade: B
In 2023, Simmons Family Foundation reported a deficit of $349K with expenses exceeding revenue, holds 153.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Simmons Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.4% | -4.8% | -31.3% |
| 2022 | -21.0% | +45.2% | +11.8% |
| 2021 | +29.8% | -18.8% | +70.5% |
| 2020 | +9.5% | -13.4% | -1.6% |
| 2019 | +264.3% | +50.2% | -9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Simmons Family Foundation with a Mission Score of 85 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, Simmons Family 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 deficit of $349K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors received compensation from the foundation, which is highly favorable for a foundation of its asset size ($18,136,562 latest assets).
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 Simmons Family Foundation's IRS 990 filings:
- Consistent annual expenses significantly exceeding revenue, potentially indicating reliance on asset depletion if not managed by investment returns.
Strengths
The following positive indicators were identified for Simmons Family Foundation:
- Zero officer compensation reported across all filings, indicating strong financial stewardship regarding executive pay.
- Substantial asset base ($18,136,562 latest assets) provides significant capacity for philanthropic activities.
- Consistent history of grant-making, as implied by expenses exceeding revenue, fulfilling its likely mission as a private foundation.
Frequently Asked Questions about Simmons Family Foundation
Is Simmons Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Simmons Family Foundation (EIN: 133420599) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Simmons Family Foundation spend its money?
Simmons Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Simmons Family Foundation tax-deductible?
Simmons Family Foundation is registered as a tax-exempt nonprofit (EIN: 133420599). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Simmons Family Foundation CEO make?
Simmons Family Foundation's highest-compensated officer earns $18,136,562 annually. The organization reported $515K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Simmons Family Foundation located?
Simmons Family Foundation is headquartered in Farmington, Utah and files with the IRS under EIN 133420599.
How many years of IRS 990 filings does Simmons Family Foundation have?
Simmons Family 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 $515K in total revenue.
How does the Simmons Family Foundation sustain its operations given that expenses frequently exceed revenue?
The foundation sustains its operations by drawing from its substantial asset base, which stood at $18,136,562 in the latest period. This is typical for private foundations that operate as grant-making entities, distributing funds from an endowment rather than relying solely on annual contributions to cover expenses.
What is the primary purpose of the Simmons Family Foundation's expenditures?
Given the nature of a private foundation and the consistent spending exceeding revenue, it is highly probable that the majority of expenditures are in the form of grants and program-related investments, aligning with a grant-making mission. Without detailed expense categories, a precise breakdown is not possible from the provided data, but the 0% officer compensation suggests funds are directed elsewhere.
Why do the foundation's assets fluctuate significantly year-over-year?
Asset fluctuations, such as the drop from $16,289,581 in 2022 to $11,187,494 in 2023, can be attributed to several factors including investment performance, significant grant distributions, or other capital expenditures. For a foundation, large grant payouts or market downturns affecting its endowment would directly impact asset values.
Filing History
IRS 990 filing history for Simmons Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Simmons Family Foundation's revenue has grown by 94.6%, moving from $270K to $526K. Total assets increased by 0.7% over the same period, from $11.1M to $11.2M. Total functional expenses rose by 98.1%, from $442K to $875K. In its most recent filing year (2023), Simmons Family Foundation reported a deficit of $349K, with expenses exceeding revenue. The organization holds $2K in liabilities against $11.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $526K | $875K | $11.2M | $2K | — | — |
| 2022 | $508K | $919K | $16.3M | $944 | — | View 990 |
| 2021 | $643K | $633K | $14.6M | $728 | — | View 990 |
| 2020 | $496K | $780K | $8.5M | $126K | — | — |
| 2019 | $453K | $900K | $8.7M | $126K | — | View 990 |
| 2015 | $124K | $599K | $9.6M | $126K | — | View 990 |
| 2014 | $154K | $618K | $9.9M | $126K | — | View 990 |
| 2013 | $97K | $454K | $10.4M | $128K | — | View 990 |
| 2012 | $60K | $500K | $10.7M | $128K | — | View 990 |
| 2011 | $270K | $442K | $11.1M | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $526K, expenses of $875K, and assets of $11.2M (revenue +3.4% year-over-year).
- 2022: Revenue of $508K, expenses of $919K, and assets of $16.3M (revenue -21.0% year-over-year).
- 2021: Revenue of $643K, expenses of $633K, and assets of $14.6M (revenue +29.8% year-over-year).
- 2020: Revenue of $496K, expenses of $780K, and assets of $8.5M (revenue +9.5% year-over-year).
- 2019: Revenue of $453K, expenses of $900K, and assets of $8.7M (revenue +264.3% year-over-year).
- 2015: Revenue of $124K, expenses of $599K, and assets of $9.6M (revenue -19.4% year-over-year).
- 2014: Revenue of $154K, expenses of $618K, and assets of $9.9M (revenue +59.5% year-over-year).
- 2013: Revenue of $97K, expenses of $454K, and assets of $10.4M (revenue +61.4% year-over-year).
- 2012: Revenue of $60K, expenses of $500K, and assets of $10.7M (revenue -77.8% year-over-year).
- 2011: Revenue of $270K, expenses of $442K, and assets of $11.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Simmons Family Foundation:
Data Sources and Methodology
This transparency report for Simmons Family 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.