David L Simon Foundation

Henderson, NV
Tax-exempt since Aug. 2002
EIN: 73-1646761

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$206k (2024)

Expenses

$166k (2024)

Total Assets

$2.79M (2024)

Total Liabilities

$96.9k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$205,548

Expenses

$166,142

Net Income

$39,406

Net Assets

$2,690,991

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$68,100	33.1%
Dividends	$62,798	30.6%
Sales of Assets	$74,650	36.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$115,212	69.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,787,897
Total Liabilities	$96,906
Net Assets	$2,690,991

Compensation

Key Employees and Officers	Compensation	Other
Gerald M Welt (President)	$0	$0
Marcy Welt (Secretary)	$0	$0
Barry Fieldman (Treasurer)	$0	$0
Amy Fieldman (Director)	$0	$0
Jordan Doctors (Director)	$0	$0
Howard Baron (Director)	$0	$0

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990-PF

Filed on Feb. 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$112,576

Expenses

$171,307

Net Income

-$58,731

Net Assets

$2,599,544

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$35,368	31.4%
Dividends	$56,368	50.1%
Sales of Assets	$20,840	18.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$117,194	68.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,836,738
Total Liabilities	$237,194
Net Assets	$2,599,544

Compensation

Key Employees and Officers	Compensation	Other
Gerald M Welt (President)	$0	$0
Marcy Welt (Secretary)	$0	$0
Barry Fieldman (Treasurer)	$0	$0
Amy Fieldman (Trustee)	$0	$0
Connie Pectol (Trustee)	$0	$0
Jordan Doctors (Trustee)	$0	$0
Howard Baron (Trustee)	$0	$0

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990-PF

Filed on Feb. 12, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$78,351

Expenses

$145,396

Net Income

-$67,045

Net Assets

$2,427,964

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$36,335	46.4%
Dividends	$45,125	57.6%
Sales of Assets	-$3,109
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$99,214	68.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,725,756
Total Liabilities	$297,792
Net Assets	$2,427,964

Compensation

Key Employees and Officers	Compensation	Other
Gerald M Welt (President)	$0	$0
Marcy Welt (Secretary)	$0	$0
Barry Fieldman (Treasurer)	$0	$0
Amy Fieldman (Trustee)	$0	$0
Connie Pectol (Trustee)	$0	$0
Jordan Doctors (Trustee)	$0	$0
Howard Baron (Trustee)	$0	$0

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990-PF

Filed on Feb. 8, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$253,871

Expenses

$150,014

Net Income

$103,857

Net Assets

$2,977,346

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$38,601	15.2%
Dividends	$74,171	29.2%
Sales of Assets	$140,934	55.5%
Other Income	$165	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$101,300	67.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,328,999
Total Liabilities	$351,653
Net Assets	$2,977,346

Compensation

Key Employees and Officers	Compensation	Other
Gerald M Welt (President)	$0	$0
Marcy Welt (Secretary)	$0	$0
Barry Fieldman (Treasurer)	$0	$0
Amy Fieldman (Trustee)	$0	$0
Connie Pectol (Trustee)	$0	$0
Jordan Doctors (Trustee)	$0	$0
Howard Baron (Trustee)	$0	$0

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990-PF

Filed on Feb. 8, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$176,090

Expenses

$145,151

Net Income

$30,939

Net Assets

$2,854,845

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$43,003	24.4%
Dividends	$58,297	33.1%
Sales of Assets	$74,790	42.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,300	65.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,277,183
Total Liabilities	$422,338
Net Assets	$2,854,845

Compensation

Key Employees and Officers	Compensation	Other
Gerald M Welt (President)	$0	$0
Marcy Welt (Secretary)	$0	$0
Barry Fieldman (Treasurer)	$0	$0
Amy Fieldman (Trustee)	$0	$0
Connie Pectol (Trustee)	$0	$0
Jordan Doctors (Trustee)	$0	$0
Howard Baron (Trustee)	$0	$0

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990-PF

Filed on Feb. 10, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$122,515

Expenses

$165,675

Net Income

-$43,160

Net Assets

$2,640,294

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$47,938	39.1%
Dividends	$50,070	40.9%
Sales of Assets	$24,507	20.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,500	63.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,128,603
Total Liabilities	$488,309
Net Assets	$2,640,294

Compensation

Key Employees and Officers	Compensation	Other
Gerald M Welt (President)	$0	$0
Marcy Welt (Secretary)	$0	$0
Barry Fieldman (Treasurer)	$0	$0
Amy Fieldman (Trustee)	$0	$0
Connie Pectol (Trustee)	$0	$0
Jordan Doctors (Trustee)	$0	$0
Howard Baron (Trustee)	$0	$0

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990-PF

Filed on Jan. 30, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$174,112

Expenses

$187,138

Net Income

-$13,026

Net Assets

$2,348,515

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$55,468	31.9%
Dividends	$49,325	28.3%
Sales of Assets	$69,319	39.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$112,153	59.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,892,517
Total Liabilities	$544,002
Net Assets	$2,348,515

Compensation

Key Employees and Officers	Compensation	Other
Gerald M Welt (President)	$0	$0
Marcy Welt (Secretary)	$0	$0
Barry Fieldman (Treasurer)	$0	$0
Amy Fieldman (Trustee)	$0	$0
Connie Pectol (Trustee)	$0	$0

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990-PF

Filed on March 1, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$177,381

Expenses

$188,098

Net Income

-$10,717

Net Assets

$2,608,935

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$76,880	43.3%
Dividends	$40,933	23.1%
Sales of Assets	$59,568	33.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$111,425	59.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,576,901
Total Liabilities	$967,966
Net Assets	$2,608,935

Compensation

Key Employees and Officers	Compensation	Other
Gerald M Welt (President)	$0	$0
Marcy Welt (Secretary)	$0	$0
Barry Fieldman (Treasurer)	$0	$0
Amy Fieldman (Trustee)	$0	$0
Connie Pectol (Trustee)	$0	$0

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990-PF

Filed on March 13, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$135,058

Expenses

$177,105

Net Income

-$42,047

Net Assets

$2,397,853

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$67,842	50.2%
Dividends	$39,740	29.4%
Sales of Assets	$27,476	20.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$106,070	59.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,388,700
Total Liabilities	$990,847
Net Assets	$2,397,853

Compensation

Key Employees and Officers	Compensation	Other
Gerald M Welt (President)	$0	$0
Marcy Welt (Secretary)	$0	$0
Barry Fieldman (Treasurer)	$0	$0
Amy Fieldman (Trustee)	$0	$0
Connie Pectol (Trustee)	$0	$0

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990-PF

Filed on Jan. 31, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$182,790

Expenses

$198,188

Net Income

-$15,398

Net Assets

$2,390,586

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$70,225	38.4%
Dividends	$55,617	30.4%
Sales of Assets	$56,948	31.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$129,247	65.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,456,998
Total Liabilities	$1,066,412
Net Assets	$2,390,586

Compensation

Key Employees and Officers	Compensation	Other
Gerald M Welt (President)	$0	$0
Marcy Welt (Secretary)	$0	$0
Barry Fieldman (Treasurer)	$0	$0
Amy Fieldman (Trustee)	$0	$0
Connie Pectol (Trustee)	$0	$0

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990-PF

Filed on April 11, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$254,107

Expenses

$174,613

Net Income

$79,494

Net Assets

$2,537,273

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$73,689	29.0%
Dividends	$61,003	24.0%
Sales of Assets	$119,415	47.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$100,300	57.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,684,424
Total Liabilities	$1,147,151
Net Assets	$2,537,273

Compensation

Key Employees and Officers	Compensation	Other
Gerald M Welt (President)	$0	$0
Marcy Welt (Secretary)	$0	$0
Barry Fieldman (Treasurer)	$0	$0
Amy Fieldman (Trustee)	$0	$0
Ronald Kline (Trustee)	$0	$0
Rachel Kline (Trustee)	$0	$0
Connie Pectol (Trustee)	$0	$0

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990-PF

Filed on Feb. 19, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$233,741

Expenses

$193,564

Net Income

$40,177

Net Assets

$2,531,108

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$72,856	31.2%
Dividends	$54,784	23.4%
Sales of Assets	$106,101	45.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$117,400	60.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,754,529
Total Liabilities	$1,223,421
Net Assets	$2,531,108

Compensation

Key Employees and Officers	Compensation	Other
Gerald M Welt (President)	$0	$0
Marcy Welt (Secretary)	$0	$0
Barry Fieldman (Treasurer)	$0	$0
Amy Fieldman (Trustee)	$0	$0
Ronald Kline (Trustee)	$0	$0
Rachel Kline (Trustee)	$0	$0
Connie Pectol (Trustee)	$0	$0

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990-PF

Filed on March 20, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$195,515

Expenses

$175,904

Net Income

$19,611

Net Assets

$2,399,999

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$60,000	30.7%
Interest Revenue	$57,692	29.5%
Dividends	$66,180	33.8%
Sales of Assets	$11,612	5.9%
Other Income	$31	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$113,815	64.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,699,689
Total Liabilities	$1,299,690
Net Assets	$2,399,999

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$151,030

Expenses

$302,615

Net Income

-$151,585

Net Assets

$2,225,549

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,392	5.6%
Dividends	$55,400	36.7%
Sales of Assets	$87,238	57.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$258,060	85.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,225,549
Total Liabilities	$0
Net Assets	$2,225,549

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

About This Data

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David L Simon Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $206k (2024)

Expenses $166k (2024)

Total Assets $2.79M (2024)

Total Liabilities $96.9k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$206k (2024)

Expenses

$166k (2024)

Total Assets

$2.79M (2024)

Total Liabilities

$96.9k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003