Simon & Agnes Foundation FY2024 filing

Oakton, VA · Public charity (501(c)(3)) · Since 2019 · Education

✓ Tax-deductible Latest data FY2024
Revenue
$11K
▼ -55% vs prior year
Spent
$32K
To programs
99%
Net assets
$123K
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
Not on file
Spent on programs?
99% to programs
Form 990 Part IX, latest filing.
Size and trend
<$100K
↓ -55% vs prior year
Legal name (IRS)Hdr · item CSimon & Agnes Foundation
EINHdr · item D84-3524157
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2020
Year of formationHdr · item L2019
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item COakton, VA
NTEE classificationIRS BMFEducation (B82)

Where the money goes

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%$32K
Management & general1%$295
Total functional expensesLn 25$32K

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$11K
FY2024▼ -55%
Expenses
$32K
FY2024▲ +35%
Program efficiency
99%
of spending reaches programs
Operating runway
46.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-187%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$123K
FY2024▼ -14%
Total liabilities
$0
FY2024
Revenue less expensesPt I · Ln 19−$21K
Total assetsPt X · Ln 16$123K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$123K
Total assetsLn 16$123K
Total liabilitiesLn 26$0
Total net assetsLn 32$123K
Months of cash on handcomputed46.2

Statement of Revenue

Part VIII
Contributions & grants100%$11K
Investment income$8
Total revenueLn 12$11K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $123K · Operating expenses/yr $32K
46.2 months
Where the money goes
Program services
Program services $32K · Total expenses $32K
99%
Management & General
Management & general $295 · Total expenses $32K
0.9%
Fundraising
Fundraising $0 · Total expenses $32K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $12K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $11K · Total revenue $11K
100%
Government reliance
Government grants — · Total revenue $11K
—
Earned-income share
Program service revenue $0 · Total revenue $11K
0%
Investment reliance
Investment income $8 · Total revenue $11K
+0.07%
Program self-sufficiency
Program service revenue $0 · Total expenses $32K
0%
Growth & trend
Revenue growth (YoY)
This year $11K · Prior year $24K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2020 $103K · FY2024 $11K
-43%
Net-asset trend (YoY)
End of year $123K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $11K · Expenses $32K
-187%
Liabilities-to-Assets
Total liabilities — · Total assets $123K
—
Net-asset ratio
Net assets $123K · Total assets $123K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $123K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Hyen Lim Hwang · Reported title TRUSTEE, DIR · Highest reported compensation $0 · Total expenses $32K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $32K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 0.9%——
Fundraising cost ratio 0%——
Revenue growth -55%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Trustee, Dir
$0Pt VII · Sec A
Excutive Dir
$0Pt VII · Sec A
Trustee, Dir
$0Pt VII · Sec A
See Simon & Agnes Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Provides scholarships and educational grants to help students study and prepare for a better future.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $32K of program spending, described in the organization's own filed words · FY2024.
01

To support to individual students who need to study their educational resources to encourage in hope of preparing students for the better future under the scholarships type of educational grants.

$32Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 16 grants · $229K · 2020–2025
Unitemized GrantFY2025$9,263
Unitemized GrantFY2025$9,100
Unitemized GrantFY2024$8,975
Unitemized GrantFY2024$8,508
Unitemized GrantFY2024$2,136
Unitemized GrantFY2024$1,908
Unitemized GrantFY2023$14,518
Unitemized GrantFY2023$8,738
Unitemized GrantFY2022$29,337
Unitemized GrantFY2022$14,436
Unitemized GrantFY2021$29,262
Unitemized GrantFY2021$194
Unitemized GrantFY2021$95
Unitemized GrantFY2020$33,760
Unitemized GrantFY2020$29,223
Unitemized GrantFY2020$29,122

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $46K$51K+310% 990 PDF
FY2024 Viewing $11K$32K-55% 990 PDF
FY2023 $24K$24K×27 990 PDF
FY2022 $892$44K-91% 990 PDF
FY2021 $10K$40K-90% 990 PDF
FY2020 $103K$104K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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