BETA

S R SIMPLOT FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
S R SIMPLOT FOUNDATION INC (EIN 47-5445541)
Tax period
2020-01-01 to 2020-12-31
Filed
2022-02-16
IRS object ID
202220479349100412
Schema version
2020v4.2
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 ReturnHeader

FieldValueIRS element (for citing)
Return2022-02-16T12:46:59-00:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN475445541EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1S R Simplot Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSRSIBusinessNameControlTxt
Phone2083362110PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O Box 27AddressLine1Txt
CityBoiseCityNm
State AbbreviationIDStateAbbreviationCd
ZIP83707ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonScott R SimplotPersonNm
Person TitlePresidentPersonTitleTxt
Signature2022-02-09SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstScottPersonFirstNm
Person LastSimplotPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$29,662,654FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Dividends Rev And Expnss$296,100DividendsRevAndExpnssAmt
Dividends Net Invst Incm$296,100DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$296,100TotalRevAndExpnssAmt
Total Net Invst Incm$296,100TotalNetInvstIncmAmt
Taxes Rev And Expnss$96,844TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$96,844TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$810,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$810,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$906,844TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$810,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$610,744ExcessRevenueOverExpensesAmt
Net Investment Income$296,100NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$6,762,407CashBOYAmt
Cash EOY$2,103,340CashEOYAmt
Cash EOYFMV$2,103,340CashEOYFMVAmt
Corporate Stock BOY$23,193,920CorporateStockBOYAmt
Corporate Stock EOY$27,559,314CorporateStockEOYAmt
Corporate Stock EOYFMV$27,559,314CorporateStockEOYFMVAmt
Total Assets BOY$29,956,327TotalAssetsBOYAmt
Total Assets EOY$29,662,654TotalAssetsEOYAmt
Total Assets EOYFMV$29,662,654TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$29,956,327RetainedEarningBOYAmt
Retained Earning EOY$29,662,654RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$29,956,327TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$29,662,654TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$29,956,327TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$29,662,654TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$29,956,327TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$610,744ExcessRevenueOverExpensesAmt
Other Increases$317,071OtherIncreasesAmt
Subtotal$29,662,654SubtotalAmt
Tot Net Ast Or Fund Balances EOY$29,662,654TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$4,116InvestmentIncomeExciseTaxAmt
Subtotal$4,116SubtotalAmt
Tax Based On Investment Income$4,116TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$56,000EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$56,000TotalPaymentsAndCreditsAmt
Original Return Tax Paid$56,000OriginalReturnTaxPaidAmt
Overpayment$51,884OverpaymentAmt
Applied To ES Tax$51,884AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateIDOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1J R Simplot CompanyBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2083362110PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11099 W Front StreetAddressLine1Txt
CityBoiseCityNm
State AbbreviationIDStateAbbreviationCd
ZIP83702ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnYes (true)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Scott R Simplot
1099 W Front StreetBoiseID83702President/Director000.00$0
Maggie Soderberg
1099 W Front StreetBoiseID83702Director000.00$0
Kristin Holly Simplot Thomas
1099 W Front StreetBoiseID83702Director000.00$0
Jill Erin Simplot
1099 W Front StreetBoiseID83702Director000.00$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1Idaho Community Foundation ContributionDescription1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NoneDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$26,226,351AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,855,891AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$30,082,242TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$30,082,242AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$451,234CashDeemedCharitableAmt
Net Vl Noncharitable Assets$29,631,008NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,481,550MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,481,550MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,116TaxBasedOnInvestmentIncomeAmt
Total Tax$4,116TotalTaxAmt
Distributable Before Adj$1,477,434DistributableBeforeAdjAmt
Distributable Before Ded$1,477,434DistributableBeforeDedAmt
Distributable As Adjusted$1,477,434DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$810,000ExpensesAndContributionsAmt
Qualifying Distributions$810,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$810,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,477,434DistributableAsAdjustedAmt
Undistributed Income PY$802,450UndistributedIncomePYAmt
Qualifying Distributions$810,000QualifyingDistributionsAmt
Applied To Year1$802,450AppliedToYear1Amt
Applied To Current Year$7,550AppliedToCurrentYearAmt
Undistributed Income CY$1,469,884UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerScott R SimplotContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Sun Valley Film Festival
PO Box 3471Sun ValleyID83353PCDonation$10,000
Sparkmed Stanford University
269 Campus DR West Bldg Rm 3145StanfordCA943055174PCDonation$60,000
Idaho Community Foundation
210 W State StBoiseID83702PCDonation$740,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$810,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$296,100ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescContributionsDesc

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$296,100ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$296,100TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd

Accounting Fees Schedule AccountingFeesSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
128000 shares of Neurocrine Biosciences$12,268,800$12,268,800
15000 shares of Fate Therapeutics$1,363,950$1,363,950
20000 shares of Geron Corp$31,800$31,800
140000 shares of Bristol Myers Squibb$11,165,400$11,165,400
30000 shares of Fibrogen$1,112,700$1,112,700
35000 shares of Helix Energy$1,470,000$1,470,000
Voyager Therapeutics$50,050$50,050
140000 shares of Bristol Myers Squibb$96,614$96,614

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUnrealized Gain on InvestmentsDesc
Amt$317,071Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryExcise TaxCategoryTxt
Amt$96,844Amt

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