NORTON SIMON FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- NORTON SIMON FOUNDATION (EIN 95-6035908)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-13
- IRS object ID
- 202323179349104217
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Compensation Explanation
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-13T17:26:06-08:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 920460586 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PwC US Tax LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 655 New York Ave NW | AddressLine1Txt |
| City | Washington | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 956035908 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Norton Simon Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NORT | BusinessNameControlTxt |
| Phone | 6264327750 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 385 E Colorado Blvd 240 | AddressLine1Txt |
| City | Pasadena | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91101 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Ronald H Dykhuizen | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Signature | 2023-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Ronald H | PersonFirstNm |
| Person Last | Dykhuizen | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Travis L Patton | PreparerPersonNm |
| PTIN | P00369623 | PTIN |
| Phone | 2024141000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,791,283,571 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $1,672 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,672 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,351,021 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,351,021 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,470,828 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $17,035,620 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $6,048,622 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $100 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $902,458 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $5,823,621 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $8,303,773 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $157,450 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $39,362 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $118,088 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $18,165 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $4,541 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $13,624 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $83,498 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $9,448 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $58,351 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $23,050 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,500 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $12,900 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $146,190 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $142,729 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $11,360 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $123,215 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $149,861 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $997 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $52,673 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $10,535 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $41,165 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $123 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $123 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $868,717 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $107,220 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $763,989 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,622,942 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $320,332 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,019,600 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $5,000,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $5,000,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,622,942 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $320,332 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $6,019,600 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$799,321 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $7,983,441 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $562,947 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $262,625 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $262,625 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $1,069 | AcctRcvblAmt |
| Acct Rcvbl BOY | $5,590 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $1,069 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $1,069 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $392,308 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $382,789 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $382,789 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $100,998,146 | CorporateStockBOYAmt |
| Corporate Stock EOY | $71,432,202 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $71,432,202 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $49,262,624 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $50,512,316 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $50,512,316 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,953,488 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,392,300 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $566,145 | LandBOYAmt |
| Land EOY | $561,188 | LandEOYAmt |
| Land EOYFMV | $561,188 | LandEOYFMVAmt |
| Other Assets BOY | $55,993,673 | OtherAssetsBOYAmt |
| Other Assets EOY | $56,104,610 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,668,131,382 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $207,781,433 | TotalAssetsBOYAmt |
| Total Assets EOY | $179,256,799 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,791,283,571 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $72,442 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $94,989 | AccountsPayableEOYAmt |
| Grants Payable BOY | $1,800,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $1,800,000 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $876,710 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $602,954 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $2,749,152 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,497,943 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $205,032,281 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $176,758,856 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $205,032,281 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $176,758,856 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $207,781,433 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $179,256,799 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $205,032,281 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$799,321 | ExcessRevenueOverExpensesAmt |
| Other Increases | $387,273 | OtherIncreasesAmt |
| Subtotal | $204,620,233 | SubtotalAmt |
| Other Decreases | $27,861,377 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $176,758,856 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (13 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| Publicly-traded securities | P | 2010-01-01 | 2022-01-01 | $6,653,041 | $5,115,926 | $1,537,115 | $1,537,115 |
| BlackRock MSCI ACWI Min Vol Ind Fd B ST | P | 2022-01-01 | 2022-12-01 | $17,705 | $18,365 | -$660 | -$660 |
| BlackRock MSCI ACWI Min Vol Ind Fd B LT | P | 2010-01-01 | 2022-01-01 | $1,844,332 | $1,596,949 | $247,383 | $247,383 |
| BlackRock U.S. TIPS Fund B LT | P | 2010-01-01 | 2022-01-01 | $4,040,637 | $3,496,328 | $544,309 | $544,309 |
| JPMorgan US Large Cap 130/30 Fund LT | P | 2010-01-01 | 2022-01-01 | $3,350,000 | $1,893,768 | $1,456,232 | $1,456,232 |
| Weatherlow Offshore Fund I Ltd Cl 1a LT | P | 2010-01-01 | 2022-01-01 | $800,000 | $443,456 | $356,544 | $356,544 |
| Capital Gains Distributions | P | 2010-01-01 | 2022-01-01 | $329,905 | $329,905 | $329,905 | |
| K-1 - BlackRock MSCI ACWI Min Vol Ind LT | P | 2010-01-01 | 2022-01-01 | $82,861 | $82,861 | $82,861 | |
| K-1 - BlackRock MSCI ACWI Min Vol Ind ST | P | 2022-01-01 | 2022-12-01 | $342,949 | -$342,949 | -$342,949 | |
| K-1 - BlackRock U.S. TIPS Fund B - LT | P | 2010-01-01 | 2022-01-01 | $26,817 | $26,817 | $26,817 | |
| K-1 - BlackRock U.S. TIPs Fund B - ST | P | 2022-01-01 | 2022-12-01 | $178 | $178 | $178 | |
| K-1 - JPMorgan US Large Cap 130/30 Fd LT | P | 2010-01-01 | 2022-01-01 | $2,085,564 | $2,085,564 | $2,085,564 | |
| K-1 - JPMorgan US Large Cap 130/30 Fd ST | P | 2022-01-01 | 2022-12-01 | $274,677 | -$274,677 | -$274,677 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $6,048,622 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$618,108 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $110,970 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $110,970 | SubtotalAmt |
| Tax Based On Investment Income | $110,970 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $117,628 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $10,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $127,628 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $16,658 | OverpaymentAmt |
| Applied To ES Tax | $16,658 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (true) | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.nortonsimonfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ronald H Dykhuizen | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6264327750 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 385 E Colorado Blvd Suite 240 | AddressLine1Txt |
| City | Pasadena | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (9 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt |
|---|---|---|---|---|---|---|---|
| Walter W Timoshuk | |||||||
| 385 E Colorado Blvd Ste 240 | Pasadena | CA | 91101 | President | 6.00 | $83,025 | $6,695 |
| Ronald H Dykhuizen | |||||||
| 385 E Colorado Blvd Ste 240 | Pasadena | CA | 91101 | CFO | 6.00 | $39,850 | $6,676 |
| Stephanie Villasenor | |||||||
| 385 E Colorado Blvd Ste 240 | Pasadena | CA | 91101 | Secretary | 7.50 | $34,575 | $4,794 |
| Sara Campbell Abdo | |||||||
| 385 E Colorado Blvd Ste 240 | Pasadena | CA | 91101 | Trustee | 1.00 | $0 | |
| Luis Li | |||||||
| 385 E Colorado Blvd Ste 240 | Pasadena | CA | 91101 | Trustee | 1.00 | $0 | |
| Thomas L Pfister | |||||||
| 385 E Colorado Blvd Ste 240 | Pasadena | CA | 91101 | Trustee | 1.00 | $0 | |
| Dr Michael E Phelps | |||||||
| 385 E Colorado Blvd Ste 240 | Pasadena | CA | 91101 | Chairman | 1.00 | $0 | |
| Nancy Shelmon | |||||||
| 385 E Colorado Blvd Ste 240 | Pasadena | CA | 91101 | Trustee | 1.00 | $0 | |
| Nina Shepherd | |||||||
| 385 E Colorado Blvd Ste 240 | Pasadena | CA | 91101 | Trustee | 1.00 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Norton Simon Art Foundation | |||||
| 385 E Colorado Blvd Suite 240 | Pasadena | CA | 91101 | Management services | $396,000 |
| Munger Tolles & Olson LLP | |||||
| 350 S Grand Ave 50th floor | Los Angeles | CA | 90071 | Legal services | $59,877 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | The Foundation maintains an art collection for charitable purposes, which it loans to public art museums for exhibition to the public. | Description1Txt |
| Expenses1 | $1,019,600 | Expenses1Amt |
| Description2 | Acquisition of equipment and miscellaneous capitalized expenditures related to the maintenance of artwork. | Description2Txt |
| Expenses2 | $141,186 | Expenses2Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $129,345,583 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $889,478 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $6,877 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $130,241,938 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $130,241,938 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,953,629 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $128,288,309 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $6,414,415 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $6,414,415 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $110,970 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $110,970 | TotalTaxAmt |
| Distributable Before Adj | $6,303,445 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $6,303,445 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $6,303,445 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $6,019,600 | ExpensesAndContributionsAmt |
| Charitable Assets Acquis Paid | $141,186 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $6,160,786 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $6,303,445 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,655,127 | UndistributedIncomePYAmt |
| Qualifying Distributions | $6,160,786 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,655,127 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $3,505,659 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $2,797,786 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Norton Simon Museum of Art at Pasadena | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 411 W Colorado Blvd | AddressLine1Txt |
| City | Pasadena | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91105 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | Unrestricted support of the Museum's operations | GrantOrContributionPurposeTxt |
| Amt | $5,000,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $5,000,000 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Norton Simon Museum of Art at Pasadena | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 411 W Colorado Blvd | AddressLine1Txt |
| City | Pasadena | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91105 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | Unrestricted support of the Museum's operations | GrantOrContributionPurposeTxt |
| Amt | $1,800,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $1,800,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Revenue Dtl ProgramServiceRevenueDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Photo Income | Desc |
| Related Or Exempt Function Incm | $100 | RelatedOrExemptFunctionIncmAmt |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,672 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,351,021 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,470,828 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $5,823,521 | ExclusionAmt |
| Related Or Exempt Function Incm | $100 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $5,823,621 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1a | LineNumberTxt |
| Relationship Statement | The Foundation loans photographs and slides of artwork in its collection primarily for educational study and reproduction in scholarly materials. A fee is charged to offset production costs and to help maintain the photography archive. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting | CategoryTxt |
| Amt | $23,050 | Amt |
| Net Investment Income | $5,500 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $12,900 | DisbursementsCharitablePrpsAmt |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp (5 entries)
| Short ExplanationShortExplanationTxt |
|---|
| Walter W Timoshuk |
| Mr. Timoshuk is also a Trustee of the Foundation. The Norton Simon Foundation does not have a payroll. The Norton Simon Foundation received support services from the Norton Simon Art Foundation (a 501(c)(3) organization; FEIN 95-6038921) during calendar year 2022 pursuant to an employee lease arrangement. The amounts reported in Part VII, Line 1 are the portions of the Management Fee that The Norton Simon Foundation paid the Norton Simon Art Foundation related to compensation and benefits for services provided by Mr. Timoshuk under this lease arrangement. |
| Ronald H Dykhuizen |
| Mr. Dykhuizen is also Vice President and Treasurer of the Foundation. The Norton Simon Foundation does not have a payroll. The Norton Simon Foundation received support services from the Norton Simon Art Foundation (a 501(c)(3) organization; FEIN 95-6038921) during calendar year 2022 pursuant to an employee lease arrangement. The amounts reported in Part VII, Line 1 are the portions of the Management Fee that The Norton Simon Foundation paid the Norton Simon Art Foundation related to compensation and benefits for services provided by Mr. Dykhuizen under this lease arrangement. |
| Stephanie Villasenor |
| Ms. Villasenor is also Vice President and a Trustee of the Foundation. The Norton Simon Foundation does not have a payroll. The Norton Simon Foundation received support services from the Norton Simon Art Foundation (a 501(c)(3) organization; FEIN 95-6038921) during calendar year 2022 pursuant to an employee lease arrangement. The amounts reported in Part VII, Line 1 are the portions of the Management Fee that The Norton Simon Foundation paid the Norton Simon Art Foundation related to compensation and benefits for services provided by Ms. Villasenor under this lease arrangement. |
| Sara Campbell Abdo |
| Ms. Campbell Abdo is also Assistant Secretary. |
| Dr Michael E Phelps |
| Dr. Phelps is a Trustee and Chairman of the Foundation. |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BlackRock MSCI ACWI Min Vol Index Fund B | $23,657,565 | $23,657,565 |
| JPMorgan U.S. Large Cap 130/30 Fund | $12,574,930 | $12,574,930 |
| EuroPacific Growth Fund | $22,472,155 | $22,472,155 |
| Vanguard Institutional Index Fund | $12,727,552 | $12,727,552 |
| Principal Real Estate Securities Fund |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (7 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Dodge & Cox Income Fund | FMV | $15,786,529 | $15,786,529 |
| Vanguard Long-Term Treas Index Fund | FMV | $1,390,267 | $1,390,267 |
| Northern Trust - US Goverment Portfolio | FMV | $496,333 | $496,333 |
| BlackRock US TIPS Lending Fund B | FMV | ||
| Grosvenor Institutional Partners, LP | FMV | $7,651,699 | $7,651,699 |
| The Weatherlow Offshore Fund I Ltd. | FMV | $13,554,565 | $13,554,565 |
| Cohen & Steers Real Assets Fund I | FMV | $11,632,923 | $11,632,923 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Furniture and Fixtures | $1,028,067 | $620,396 | $407,671 | $407,671 |
| Machinery and Equipment | $897,333 | $743,816 | $153,517 | $153,517 |
| Improvements | $28,088 | $28,088 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal fees | CategoryTxt |
| Legal Fees | $83,498 | LegalFeesAmt |
| Net Investment Income | $9,448 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $58,351 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Collection of Art | $55,813,744 | $55,813,744 | $1,666,744,050 |
| Frames | $179,929 | $179,929 | $1,276,395 |
| Right of Use Lease Assets | $110,937 | $110,937 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Art Insurance | $455,223 | $456,218 | |
| Bank Charges | $3,721 | $3,721 | |
| Management Fee | $220,385 | $165,288 | $55,097 |
| Misc Curatorial Expenses | $105,692 | $107,842 | |
| Misc Office Expenses | $44,060 | $25,753 | $17,654 |
| Other Insurance | $18,062 | $8,888 | $9,174 |
| Safekeeping / Custodian Fees | $21,574 | $21,574 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Photo Income | Desc |
| Revenue And Expenses Per Books | $100 | RevenueAndExpensesPerBooksAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Change in provision for deferred federal excise tax | Desc |
| Amt | $387,273 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| Deferred federal excise tax | $876,710 | $489,437 |
| Federal excise tax payable | $971 | |
| Right-of-Use Lease Liabilities | $112,546 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Curatorial Consulting | $3,461 | $0 | $0 | $11,360 |
| Investment Consulting | $44,188 | $44,188 | $0 | $0 |
| Investment Management | $98,541 | $98,541 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Federal Excise Tax | CategoryTxt |
| Amt | $123,215 | Amt |
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