Simons Family Foundation Inc
Simons Family Foundation maintains stable assets with volunteer leadership and fluctuating annual financial activity.
EIN: 20606787 · Little Rock, AR · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $51K |
| Total Expenses | $4K |
| Program Spending | 90% |
| Net Assets | $254K |
| Transparency Score | 85/100 |
Is Simons Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Simons Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Simons Family Foundation Inc
Simons Family Foundation Inc (EIN: 20606787) is a nonprofit organization based in Little Rock, AR. The organization reported total revenue of $51K and total assets of $248K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Simons Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Simons Family Foundation Inc is a micro nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $4K |
| Surplus / Deficit | +$8K |
| Total Assets | $254K |
| Total Liabilities | $1 |
| Net Assets | $254K |
| Operating Margin | 64.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 726.1 months |
Financial Health Grade: A
In 2023, Simons Family Foundation Inc reported a surplus of $8K with revenue exceeding expenses, holds 726.1 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), Simons Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.5% | -84.6% | +3.1% |
| 2022 | -38.6% | +233.4% | -3.9% |
| 2021 | +69.2% | +49.5% | +8.5% |
| 2020 | +35.1% | -77.4% | +5.0% |
| 2019 | -50.4% | +121.6% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Simons Family Foundation Inc 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, Simons Family Foundation Inc 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 $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for a foundation of this size.
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 Simons Family Foundation Inc's IRS 990 filings:
- NTEE Code is unknown, limiting understanding of mission focus
- Lack of detailed expense breakdown beyond total expenses in provided data
Strengths
The following positive indicators were identified for Simons Family Foundation Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and high efficiency
- Stable asset base over a decade, growing from $172,275 in 2011 to $248,116 currently
- Extremely low liabilities, consistently $0 or $1, demonstrating strong financial health
- Positive net assets, indicating financial stability and capacity for future activities
Frequently Asked Questions about Simons Family Foundation Inc
Is Simons Family Foundation Inc a legitimate charity?
Simons Family Foundation Inc (EIN: 20606787) is a registered tax-exempt nonprofit based in Arkansas. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $51K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Simons Family Foundation Inc spend its money?
Simons Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Simons Family Foundation Inc tax-deductible?
Simons Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 20606787). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Simons Family Foundation Inc located?
Simons Family Foundation Inc is headquartered in Little Rock, Arkansas and files with the IRS under EIN 20606787.
How many years of IRS 990 filings does Simons Family Foundation Inc have?
Simons Family Foundation Inc 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 $51K in total revenue.
Is Simons Family Foundation Inc. a good charity?
Based on the available data, the Simons Family Foundation Inc. appears to be a well-managed private foundation with stable assets and no officer compensation, suggesting a strong commitment to its mission without significant overhead. Its consistent low liabilities also indicate good financial stewardship. However, without knowing its specific program activities or grant recipients, a full assessment of its impact is not possible.
What is the primary purpose of the Simons Family Foundation Inc.?
The provided NTEE code is 'Unknown,' and the data does not detail specific program activities or grants made. As a private foundation, its primary purpose is typically to make grants to other charitable organizations or individuals, but the specific focus is not discernible from this data.
How does the foundation manage its expenses given fluctuating revenue?
The foundation's expenses fluctuate, sometimes exceeding revenue (e.g., 2022: $27,285 expenses vs. $17,391 revenue) and sometimes being significantly lower (e.g., 2023: $4,193 expenses vs. $11,917 revenue). This suggests that the foundation likely draws from its asset base during years of higher expenses or lower revenue, maintaining its operations and grant-making capacity over time.
Filing History
IRS 990 filing history for Simons Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Simons Family Foundation Inc's revenue has grown by 31.6%, moving from $9K to $12K. Total assets increased by 47.3% over the same period, from $172K to $254K. Total functional expenses fell by 83.7%, from $26K to $4K. In its most recent filing year (2023), Simons Family Foundation Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $1 in liabilities against $254K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $254K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $4K | $254K | $1 | — | — |
| 2022 | $17K | $27K | $246K | $1 | — | — |
| 2021 | $28K | $8K | $256K | $1 | — | — |
| 2020 | $17K | $5K | $236K | $1 | — | View 990 |
| 2019 | $12K | $24K | $224K | $1 | — | — |
| 2015 | $25K | $11K | $207K | $1 | — | View 990 |
| 2014 | $30K | $8K | $193K | $1 | — | View 990 |
| 2013 | $17K | $9K | $171K | $0 | — | View 990 |
| 2012 | $9K | $18K | $163K | $0 | — | View 990 |
| 2011 | $9K | $26K | $172K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $4K, and assets of $254K (revenue -31.5% year-over-year).
- 2022: Revenue of $17K, expenses of $27K, and assets of $246K (revenue -38.6% year-over-year).
- 2021: Revenue of $28K, expenses of $8K, and assets of $256K (revenue +69.2% year-over-year).
- 2020: Revenue of $17K, expenses of $5K, and assets of $236K (revenue +35.1% year-over-year).
- 2019: Revenue of $12K, expenses of $24K, and assets of $224K (revenue -50.4% year-over-year).
- 2015: Revenue of $25K, expenses of $11K, and assets of $207K (revenue -17.6% year-over-year).
- 2014: Revenue of $30K, expenses of $8K, and assets of $193K (revenue +78.2% year-over-year).
- 2013: Revenue of $17K, expenses of $9K, and assets of $171K (revenue +93.1% year-over-year).
- 2012: Revenue of $9K, expenses of $18K, and assets of $163K (revenue -2.8% year-over-year).
- 2011: Revenue of $9K, expenses of $26K, and assets of $172K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Simons Family Foundation Inc:
Data Sources and Methodology
This transparency report for Simons Family Foundation Inc 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.