SIMPLAR FOUNDATION

EIN: 824477408 501(c)(3) Education

TEMPE, AZ

Total Revenue
$654,355
Total Expenses
$448,531
Total Assets
$688,975
Net Assets
$687,102
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
AZ
Principal Officer
JAKE SMITHWICK
Phone
9287130501
Tax Period
2024-01-01 to 2024-12-31

SIMPLAR FOUNDATION, founded in 2018, is a small nonprofit in the Education sector that reported $654K in total revenue in fiscal year 2024. Revenue surged 145% from the prior year, signaling strong growth momentum. The organization ran a surplus of $206K, a strong 31% operating margin.

Mission

THE ORGANIZATION'S MISSION IS FURTHERING DISCOVERY AND PUBLIC KNOWLEDGE IN ORGANIZATIONAL TRANSFORMATION AND PROJECT EXCELLENCE BY SPONSORING INDUSTRY LED RESEARCH AND THE PROMOTION AND SUPPORT OF SCIENTIFIC COLLABORATION BETWEEN INDUSTRY AND ACADEMIA.

Program Service Accomplishments

Program 1
Expenses: $438,060 Revenue: $2,086

IN 2024, THE FOUNDATION'S FM DOCTOR SERIES DELIVERED IN PARTNERSHIP WITH IFMARAN TWELVE MONTHLY WEBINARS (ONE HOUR EACH). TOPICS RANGED FROM "QUICK-START BIM FOR FMS AND AI ADOPTION TO...

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IN 2024, THE FOUNDATION'S FM DOCTOR SERIES DELIVERED IN PARTNERSHIP WITH IFMARAN TWELVE MONTHLY WEBINARS (ONE HOUR EACH). TOPICS RANGED FROM "QUICK-START BIM FOR FMS AND AI ADOPTION TO JANITORIAL-SERVICES OUTSOURCING AND DECARBONIZATION STRATEGY. ATTENDANCE RECORDS SHOW 420 REGISTRANTS; EXTRAPOLATING THE TYPICAL TURNOUT TO THE FULL SERIES YIELDS ROUGHLY 500 + FACILITY MANAGEMENT PROFESSIONALS SERVED, FOR A TOTAL OF ABOUT 420 CONTACT HOURS. IN CONNECTION WITH THE CENTER FOR PROCUREMENT EXCELLENCE (501C6), THE FOUNDATION SUPPORTED FOUR NASPO COURSES (16 LIVE SESSIONS) THAT PROVIDED 33.5 CONTACT-HOURS AND DREW 1,315 IN ATTENDANCE. THE RFP DOCTOR WEB SERIES DELIVERED TWELVE ONE-HOUR WEBINARS, WITH DOCUMENTED TURNOUT RANGING FROM 60 TO 110 EACH. TAKEN TOGETHER, CPE PROGRAMMING SUPPLIED 45.5 CONTACT-HOURS OF PROCUREMENT TRAINING TO NEARLY 2,000 PROFESSIONALS DURING 2024.MORE BROADLY, THE RESEARCHERS/RESEARCH TEAM PRESENTED AT MORE THAN 75 PRESENTATIONS REACHING 3000+ PEOPLE AT VARIOUS CONFERENCES, MEETINGS, AND EVENTS.THE FOUNDATION PRODUCED 52 BLOGS ON THE BUSINESS OF CONSTRUCTION WITH AN INDUSTRY REACH ESTIMATED AT OVER 25,000 PROFESSIONALS EACH WEEK AND WAS AVAILABLE ON THE FOUNDATION WEBSITE. THE BLOGS HAVE BEEN SHARED AND REPOSTED BY VARIOUS OTHER ORGANIZATIONS AND COMPANIES IN THE CONSTRUCTION INDUSTRY, INCLUDING SURETIES, PROFESSIONAL ENGINEERING AND ARCHITECTURE AND CONTRACTOR/BUILDER COMPANIES AND INDUSTRY GROUPS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $644,557
Program Service Revenue $0
Investment Income $7,712
Other Revenue $2,086
TOTAL REVENUE $654,355

Expense Breakdown

Grants Paid $164,738
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $438,060
Other Expenses $283,793
TOTAL EXPENSES $448,531

Year-over-Year Comparison

2024 2023 Change
Revenue $654,355 $267,336 +1.4%
Expenses $448,531 $416,672 +0.1%
Net Income $205,824 $-149,336 -2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN STONE PRESIDENT 1.00
Officer Director
$0 $0 $0
KENNETH SULLIVAN TREASURER 1.00
Officer Director
$0 $0 $0
JAKE SMITHWICK SECRETARY 1.50
Officer Director
$0 $0 $0
BRIAN LINES DIRECTOR 1.00
Director
$0 $0 $0
KEVIN SELL DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $654,355 $448,531 $688,975 $205,824
2023 $267,336 $416,672 $482,911 $-149,336
2022 $217,873 $227,175 $632,177 $-9,302
2021 $309,429 $281,371 $642,018 $28,058
2020 $398,722 $333,307 $621,319 $65,415
2019 $420,874 $143,685 $555,443 $277,189
2018 $301,001 $19,397 $281,604 $281,604
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