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David L Simon Foundation

Organization summary

Type of Nonprofit

Designated as a 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.

Summary charts: organization finances over time

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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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