The Simmons Center Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 731344774 ✦ Duncan, OK ✦ Designated as a 501(c)(3)

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Overview

What is The Simmons Center Foundation?

The Simmons Center Foundation is a nonprofit organization situated in Duncan, Oklahoma. With a workforce of 80 individuals, its primary mission is to offer cultural, recreational, and social opportunities to the community. They achieve this goal through various individual and team activities, such as aerobics, swimming, basketball leagues, weight training, and more. These programs are designed to promote physical fitness and community engagement, fostering a sense of camaraderie and shared experiences.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 90% (Four-Star out of Four Stars)

The Simmons Center Foundation has earned a strong rating of 90%, which reflects its commitment to accountability and financial health. This score is derived solely from its Accountability & Finance beacon, indicating that the organization excels in managing its finances transparently and responsibly. A notable aspect of its governance is that the board is fully independent, which enhances its credibility and decision-making processes.

Strengths highlighted in the evaluation include a robust financial oversight structure, with a perfect score for its audit and oversight committee. The Foundation has effectively maintained a low liabilities-to-assets ratio and a high program expense ratio, demonstrating that a significant portion of its funds is directed towards its core mission. Additionally, it has shown exemplary fundraising efficiency with no costs associated with fundraising reported, which is indicative of effective resource utilization.

While the foundation demonstrates notable strengths, it's important for potential donors to consider the nuances of its operations. The absence of any material diversion of assets and the presence of comprehensive policies such as a whistleblower policy and document retention guidelines reflect a well-governed organization. Overall, the Simmons Center Foundation's high rating is a positive indicator for those looking to support a financially sound nonprofit.


This AI summary has been generated from information found on Charity Navigator.

Is The Simmons Center Foundation legitimate?

The Simmons Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Simmons Center Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $85,812
Professional Fundraising Fees: $0
Other Salaries and Wages: $871,539

For more financial information, click here

What is the mission statement of The Simmons Center Foundation?

The Simmons Center Foundation's mission is centered around providing cultural, recreational, and social opportunities for individuals. This is achieved through various programs that encourage physical fitness and community participation. These activities span a wide range, from individual pursuits like aerobics and swimming, to team sports such as basketball leagues and weight training. The foundation's initiatives aim to foster a sense of community and promote an active lifestyle.

Who is the CEO of The Simmons Center Foundation?

Rex Outhier is the Executive Director of The Simmons Center Foundation.

What is the revenue of The Simmons Center Foundation?

The Simmons Center Foundation's revenue in 2022 was $1,532,322.

Who are the executives of The Simmons Center Foundation and what are their salaries?

The average compensation at The Simmons Center Foundation during 2022 was $11,967. There are 80 employees and 11 volunteers at The Simmons Center Foundation.


Here are 2 key members and their salaries:


Rex Outhier (Executive Director)
  • Compensation: $85,812
  • Related: $0
  • Other: $0
See Attached For (Directors-Noncompensated)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Simmons Center Foundation?

The Simmons Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Simmons Center Foundation

The Simmons Center Foundation is dedicated to providing cultural, recreational, and social opportunities for people. Its mission is to encourage physical fitness and community participation through a variety of individual and team activities. These activities range from aerobics and swimming to basketball leagues and weight training, among others. By offering these programs, The Simmons Center Foundation aims to create an environment where people can engage, interact, and improve their health and well-being.

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Impact




July, 2024

The Simmons Center Foundation's impact lies in providing cultural, recreational, and social opportunities to people in Duncan, Oklahoma. Through its recreational programs that encourage physical fitness and community participation in various individual and team activities such as aerobics, swimming, basketball leagues, and weight training, the foundation contributes to the overall well-being and enjoyment of the community. Their mission to provide these opportunities helps enrich the lives of individuals and promote a healthy and active lifestyle.




This information is meant to be a general summary of The Simmons Center Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,532,322 (2022)
Expenses
$2,590,594 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $124,589
  • Program Service Revenue: $411,996
  • Gross Receipts: $1,532,322

Assets and Liabilities:

  • Total Assets: $5,151,152
  • Total Liabilities: $464,436
  • Net Assets: $4,686,716

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EVENT SERVICE REVENUE

Revenue

$30,414

OTHER FEES

Revenue

$1,458

PROGRAM FEES

Revenue

$380,124

Organization Details

Founding Year

1989

Principal Officer

Rex Outhier

Main Address

PO BOX 981, DUNCAN, OK, 735340981

NTEE Category

Code: N31 - Recreation

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