Simpson University Foundation EIN 68-0274677 Form 990 (PDF) Claim this org

Simpson University Foundation

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Fundraise and manage private donations to support Simpson University's mission. For fiscal year 2020 it reported $621K in revenue, $10.1M in expenses.Pt I

Type
Higher education institution · Nonprofit
Location
Redding, CA
Website
simpsonu.edu
Filings
1 on file (2020–2020)
Revenue
$621KFY2020
Expenses
$10.1M
Net assets
$0
People
7
Filings
1
Updates
0
More identity details & actions ⌄
EIN  68-0274677 Higher education institution Redding, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Fundraise and manage private donations to support Simpson University's mission.
Leadership
Dr Norman D Hall · Chief Executive Officer/President
Money in and out
$621K revenue, $10.1M expenses
Bottom line
-1521% operating surplus
Financial scale & money flow · FY2020
Total revenue
$621K
Pt VIII · Ln 12
Total expenses
$10.1M
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$9.4M
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Operating surplus
-1521%
revenue over expenses, this legal entity▼ -20098% vs prior filing year
Program spending
99%
of expenses reach program services▲ +4% vs prior filing year
Gift & grant revenue
59%
of revenue from contributions & grants▼ -16% vs prior filing year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$621K
FY2020▼ -74%
Expenses
$10.1M
FY2020▲ +361%
Total assets
$0
FY2020▼ -100%
Total liabilities
$0
FY2020▼ -100%
Total revenue
$621K
Pt VIII · Ln 12
Total expenses
$10.1M
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$9.4M
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSimpson University Foundation
EINHdr · item D68-0274677
Principal addressHdr · item CRedding, CA
WebsiteHdr · item Jsimpsonu.edu
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer/President
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $10.0M of program spending, described in the organization's own filed words · FY2020.
01

The Foundation receives and transfers gifts to Simpson University.

$10.0Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$366K · 59%
Investment income$255K · 41%
Contributions & grants59%$366K
Investment income41%$255K
Total revenueLn 12$621K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$10.0M
Management & general1%$70K
Total functional expensesLn 25$10.1M

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $10.1M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $10.0M · Total expenses $10.1M
99%
Management & General
Management & general $70K · Total expenses $10.1M
0.7%
Fundraising
Fundraising $0 · Total expenses $10.1M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $1.0M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $366K · Total revenue $621K
59%
Government reliance
Government grants — · Total revenue $621K
Earned-income share
Program service revenue $0 · Total revenue $621K
0%
Investment reliance
Investment income $255K · Total revenue $621K
+41%
Program self-sufficiency
Program service revenue $0 · Total expenses $10.1M
0%
Growth & trend
Revenue growth (YoY)
This year $621K · Prior year $2.4M
-74%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $621K · Expenses $10.1M
-1521%
Liabilities-to-Assets
Total liabilities — · Total assets $0
Net-asset ratio
Net assets $0 · Total assets $0
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dr Norman D Hall · Reported title Chief Executive Officer/President · Highest reported compensation $0 · Total expenses $10.1M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $10.1M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.7%
Fundraising cost ratio 0%
Revenue growth -74%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2020
Dignity HealthFY2020$46K
Total grants receivedfrom 1 funder$46K
Grants paid · 2 grants · $12.1M · 2019–2020
Simpson UniversityCA · FY2020$9,993,122
Simpson UniversityCA · FY2019$2,078,836

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2020$2.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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