Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE FREDERICK A SIMEONE MD
FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)6825 NORWITCH DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHILADELPHIA, PA19153
A Employer identification number

22-3483147
B Telephone number (see instructions)

(215) 365-7233
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$46,309,914J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 621,570
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 394,827 394,827 394,827
5a Gross rents............ 36,700 36,700 36,700
b Net rental income or (loss) 36,700
6a Net gain or (loss) from sale of assets not on line 10 4,474,898
b Gross sales price for all assets on line 6a 17,371,659
7 Capital gain net income (from Part IV, line 2)... 4,474,898
8 Net short-term capital gain......... 786,667
9 Income modifications...........  
10a Gross sales less returns and allowances 110,940
b Less: Cost of goods sold.... 6,638
c Gross profit or (loss) (attach schedule)..... 104,302 104,302
11 Other income (attach schedule)....... Click to see attachment 47,218 0 47,218
12 Total. Add lines 1 through 11........ 5,679,515 4,906,425 1,369,714
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 280,801 0 95,472 185,329
15 Pension plans, employee benefits....... 32,452 0 13,630 18,822
16a Legal fees (attach schedule)......... Click to see attachment 3,267 0 3,267 0
b Accounting fees (attach schedule)....... Click to see attachment 22,221 2,222 888 11,111
c Other professional fees (attach schedule).... Click to see attachment 20,981 0 8,392 12,589
17 Interest............... 1,540 0 1,540 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 121,436 0 74,854 46,582
19 Depreciation (attach schedule) and depletion... Click to see attachment 134,079 0 134,079
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,800 0 0 2,800
22 Printing and publications.......... 258 0 129 129
23 Other expenses (attach schedule)....... Click to see attachment 1,226,058 0 32,411 1,193,647
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,845,893 2,222 364,662 1,471,009
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 1,845,893 2,222 364,662 1,471,009
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,833,622
b Net investment income (if negative, enter -0-) 4,904,203
c Adjusted net income (if negative, enter -0-)... 1,005,052
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 76,803 6,429 6,429
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....   4,399 4,399
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 17,574 17,574 17,574
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 21,855,570 Click to see attachment31,734,452 31,734,452
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 9,337,071 Click to see attachment10,759,915 10,759,915
14 Land, buildings, and equipment: basis bullet5,499,271
Less: accumulated depreciation (attach schedule) bullet1,712,126 3,891,440 Click to see attachment3,787,145 3,787,145
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 35,178,458 46,309,914 46,309,914
Liabilities 17 Accounts payable and accrued expenses.......... 14,781 680
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......   256,735
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment150,000
23 Total liabilities (add lines 17 through 22)......... 14,781 407,415
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 35,163,677 45,902,499
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 35,163,677 45,902,499
30 Total liabilities and net assets/fund balances (see instructions). 35,178,458 46,309,914
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
35,163,677
2
Enter amount from Part I, line 27a .....................
2
3,833,622
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,202,432
4
Add lines 1, 2, and 3 ..........................
4
46,199,731
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
297,232
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
45,902,499
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a VANGUARD P 2020-01-01 2020-07-24
b VANGUARD P 2019-01-01 2020-09-08
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,610,872   5,824,205 786,667
b 10,760,787   7,072,556 3,688,231
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       786,667
b       3,688,231
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 4,474,898
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 786,667
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 68,168
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 68,168
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 68,168
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,701
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 65,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 71,701
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 1,228
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,305
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,305 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.SIMEONEMUSEUM.ORG
    14
    The books are in care ofbulletFREDERICK A SIMEONE Telephone no.bullet (215) 365-7233

    Located atbullet6825 NORWITCH DRIVEPHILADELPHIAPA ZIP+4bullet19153
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    FREDERICK A SIMEONE PRESIDENT
    60.00     		0 0 0
    6825 NORWITCH DRIVE
    PHILADELPHIA,PA19153
    ROBERT DUSEK DIRECTOR
    10.00     		0 0 0
    6825 NORWITCH DRIVE
    PHILADELPHIA,PA19153
    DAVID PANICHI DIRECTOR
    5.00     		0 0 0
    6825 NORWITCH DRIVE
    PHILADELPHIA,PA19153
    WILLIAM AVERY DIRECTOR
    1.00     		0 0 0
    6825 NORWITCH DRIVE
    PHILADELPHIA,PA19153
    CHRISTINA SIMEONE DIRECTOR
    5.00     		0 0 0
    6825 NORWITCH DRIVE
    PHILADELPHIA,PA19153
    AMANDA JIMENEZ ADMINISTRATIVE DIRECTOR
    20.00     		0 0 0
    6825 NORWITCH DRIVE
    PHILADELPHIA,PA19153
    RUPERT BANNER DIRECTOR
    10.00     		0 0 0
    6825 NORWITCH DRIVE
    PHILADELPHIA,PA19153
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    KEVIN KELLY CAR SPECIALIST
    40.00     		61,319 0 0
    313 DELAWARE AVENUE
    ABSECON,NJ08201
    RICK ADAMS CAR SPECIALIST
    40.00     		50,000 0 0
    1313 LAKE SEYMOUR DRIVE
    MIDDLETON,DE19709
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE ORGANIZATION OPERATES A MUSEUM TO PROMOTE THE PUBLIC AWARENESS, APPRECIATION AND ENJOYMENT OF SPORTS-RELATED AUTOMOBILES BY (1) PROVIDING INFORMATION AND EXHIBITS SETTING FORTH THE HISTORY OF THE AUTOMOTIVE INDUSTRY, AUTOMOBILE DEVELOPMENT AND SPORTS-RACING (2) PROVIDING INFORMATION AND EXHIBITS CONCERNING THE PHYSICAL, MECHANICAL, ENGINEERING, MATHEMATICAL AND OTHER SCIENTIFIC FIELDS INVOLVED IN THE DEVELOPMENT AND DESIGN OF AUTOMOBILES (3)DISPLAYING THE FINEST SPORTS-RACING AUTOMOBILES FOR THE EDUCATION OF THE PUBLIC RELATING TO THEIR HISTROICAL, ENGINEERING AND ARTISTIC ATTRIBUTES, (4) PROVIDING A LIBRARY OF BOOKS, REFERENCE MATERIALS AND OTHER MUTLI-MEDIA RELATING TO THE HISTORY, DESIGN, ENGINEERING AND EXPERIENCE OF AUTOMOBILES AND AUTO RACING. 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    36,843,504
    b
    Average of monthly cash balances.......................
    1b
    41,616
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    36,885,120
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    36,885,120
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    553,277
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    36,331,843
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,816,592
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,471,009
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,471,009
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,471,009
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$  
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
    1,005,052 460,814 587,643 500,840 2,554,349
    b 85% of line 2a ......... 854,294 391,692 499,497 425,714 2,171,197
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		1,471,009 492,756 427,958 454,393 2,846,116
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		1,471,009 492,756 427,958 454,393 2,846,116
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 46,309,914 35,179,660 24,757,350 15,611,030 121,857,954
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 3,787,145 3,892,642 3,962,018 4,019,705 15,661,510
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		1,211,061 307,209 531,283 355,290 2,404,843
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    FREDERICK A SIMEONE
    DAVID PANICHI
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a 0
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aMUSEUM ADMISSION         38,826
    bMUSEUM EVENTS         4,517
    cMEMBERSHIP DUES         3,875
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 394,827  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 36,700  
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        4,474,898
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory 453220       104,302
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 431,527 4,626,418
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,057,945
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1A THE MUSEUM CHARGES ADMISSION FEES TO IMPROVE EXISTING MUSEUM EXHIBITS.
    1B THE MUSEUM HOST EVENTS TO PROMOTE THE PUBLIC AWARENESS OF SPORTS-RACIN
    1C THE MUSEUM OFFERS MEMBERSHIPS WHICH INCLUDE UNLIMITED MUSEUM ADMISSION ADDTIONAL PASSES FOR FRIENDS AND FAMILY, AND OTHER BENEFITS
    10 THE MUSEUM PROVIDES SOUVENIRS AND OTHER RELATED MERCHANDISE FOR PURCHASE BY MUSEUM PATRONS. THIS ENCOURAGES INTEREST IN SPORTS- RACING AUTOMOBILES.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    THE FREDERICK A SIMEONE MD
    FOUNDATION INC
    Employer identification number

    22-3483147
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE FREDERICK A SIMEONE MD
    FOUNDATION INC         		Employer identification number
    22-3483147
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    PIDC ARTS GRANT
     
    1500 MARKET STREET
     
    PHILADELPHIA, PA19102

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    PATRIARCH FAMILY FOUNDATION
     
    311 N SUMMEYTOWN PIKE STE 1A
     
    NORTH WALES, PA19454

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    THE ANTIQUE AUTOMOBILE CLUB OF AMERICA
     
    800 W HERSHEYPARK DRIVE
     
    HERSHEY, PA17033

    		$ 500,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    IRA FBO RALPH ICHTER PERSHING
     
    6825 NORWITCH DRIVE
     
    PHILADELPHIA, PA19153

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    THE FREDERICK A SIMEONE MD
    FOUNDATION INC         		Employer identification number

    22-3483147
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE FREDERICK A SIMEONE MD
    FOUNDATION INC         		Employer identification number

    22-3483147
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    THE FREDERICK A SIMEONE MD
     
    FOUNDATION INC
    EIN:
    22-3483147
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 22,221 2,222 888 11,111

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    THE FREDERICK A SIMEONE MD
     
    FOUNDATION INC
    EIN:
    22-3483147
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING 2006-07-07 2,786,138 961,477 SL 39.000000000000 71,439 0 71,439  
    LAND 2006-07-07 309,571   L   0 0 0  
    MUSEUM LIFT DEVICE 2006-08-29 2,100 722 SL 39.000000000000 54 0 54  
    AUTO TURNTABLE 2007-11-16 7,650 2,376 SL 39.000000000000 196 0 196  
    IRON GATES 2007-11-15 3,000 933 SL 39.000000000000 77 0 77  
    HVAC 2007-07-01 6,831 2,181 SL 39.000000000000 175 0 175  
    BUILDING IMPROVEMENTS 2007-07-01 1,169,946 373,743 SL 39.000000000000 29,999 0 29,999  
    STEEL DOORS 2007-11-13 6,145 1,916 SL 39.000000000000 158 0 158  
    ENVIRONMENTAL STUDY 2007-04-13 2,800 915 SL 39.000000000000 72 0 72  
    FURNITURE & FIXTURES 2012-05-03 803 803 SL 7.000000000000 0 0 0  
    BUILDING IMPROVEMENT 2012-08-21 8,800 1,667 SL 39.000000000000 226 0 226  
    BUILDING IMPROVEMENT 2012-07-03 1,410 269 SL 39.000000000000 36 0 36  
    BUILDING IMPROVEMENT 2012-07-20 3,290 627 SL 39.000000000000 84 0 84  
    LIGHTING 2012-08-12 1,280 244 SL 39.000000000000 33 0 33  
    MUSEUM FIXTURES 2012-01-20 844 844 SL 7.000000000000 0 0 0  
    MUSEUM FIXTURES 2012-11-16 1,500 1,500 SL 7.000000000000 0 0 0  
    ELECTRICAL 2012-10-25 23,348 4,318 SL 39.000000000000 599 0 599  
    SPRINKLER SYSTEM 2008-01-24 6,045 1,854 SL 39.000000000000 155 0 155  
    IRON GATES 2008-06-09 15,000 4,411 SL 39.000000000000 385 0 385  
    HVAC 2008-01-04 1,700 526 SL 39.000000000000 44 0 44  
    STEEL DOORS 2008-07-01 7,840 2,303 SL 39.000000000000 201 0 201  
    BUILDING 2008-10-01 313,759 90,172 SL 39.000000000000 8,045 0 8,045  
    BLDG IMPROVEMENTS 2008-07-01 160,012 47,016 SL 39.000000000000 4,103 0 4,103  
    SPRINKLER SYSTEM 2009-01-22 550 153 SL 39.000000000000 14 0 14  
    EXHIBITS 2009-07-01 12,998 12,998 SL 7.000000000000 0 0 0  
    BLDG IMPROVEMENTS 2010-11-01 7,336 1,779 SL 39.000000000000 188 0 188  
    BLDG IMPROVEMENTS 2009-07-01 13,095 3,514 SL 39.000000000000 336 0 336  
    BLDG IMPROVEMENTS-ELEC 2011-11-01 9,331 1,942 SL 39.000000000000 239 0 239  
    SIGN 2013-03-29 360 360 SL 7.000000000000 0 0 0  
    BLDG IMPROVEMENTS 2012-11-01 6,170 1,119 SL 39.000000000000 158 0 158  
    ROOF REPAIRS 2014-06-01 31,904 4,567 SL 39.000000000000 818 0 818  
    BLDG IMPROVEMENTS 2014-06-01 3,963 569 SL 39.000000000000 102 0 102  
    ROOF REPAIRS 2015-06-01 372,400 43,766 SL 39.000000000000 9,549 0 9,549  
    BLDG IMPROVEMENTS-ELEC 2015-06-01 8,911 1,045 SL 39.000000000000 228 0 228  
    BLDG IMPROVEMENTS-ELEC 2016-10-01 6,275 523 SL 39.000000000000 161 0 161  
    BLDG IMPROVEMENTS-ELEC 2016-07-01 3,100 277 SL 39.000000000000 79 0 79  
    BLDG IMP- GARAGE 2016-11-16 1,950 154 SL 39.000000000000 50 0 50  
    BLDG IMPROVEMENTS 2016-12-06 14,500 1,147 SL 39.000000000000 372 0 372  
    BLDG IMP- 2017-12-31 1,573 80 SL 39.000000000000 40 0 40  
    BLDG IMPROVEMENTS 2017-12-31 3,197 164 SL 39.000000000000 82 0 82  
    BUILDING IMPROVEMENT 2019-01-01 70,740 1,814 SL 39.000000000000 1,814 0 1,814  
    BUILDING 2019-01-01 280 56 SL 5.000000000000 56 0 56  
    SJ& OREGON WINDOW 2019-01-01 4,225 108 SL 39.000000000000 108 0 108  
    SOUND SYSTEM ANDREW TAYLOR 2019-02-01 25,893 609 SL 39.000000000000 664 0 664  
    CRESTLINE RESTORATION 2019-04-01 14,574 280 SL 39.000000000000 374 0 374  
    LIBRARY SHELFING 2019-10-01 4,350 155 SL 7.000000000000 621 0 621  
    PB FLOORING 2019-11-01 12,000 51 SL 39.000000000000 308 0 308  
    STUDIO FURNITURE 2020-06-30 20,765   SL 7.000000000000 1,483 0 1,483  
    BUILDING IMPROVEMENT 2020-04-20 9,019   SL 39.000000000000 154 0 154  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE FREDERICK A SIMEONE MD
     
    FOUNDATION INC
    EIN:
    22-3483147
    Name of Stock End of Year Book Value End of Year Fair Market Value
    GOLUB CAPITAL BDC 187,772 187,772
    AMAZON 22,798,510 22,798,510
    MICROSOFT 4,049,759 4,049,759
    LOCKHEED MARTIN 1,107,261 1,107,261
    APPLE 3,591,150 3,591,150

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE FREDERICK A SIMEONE MD
     
    FOUNDATION INC
    EIN:
    22-3483147
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VANGUARD MONEY MARKET FUND FMV 2,379,980 2,379,980
    VANGUARD INTER-BOND FUND FMV 1,615,652 1,615,652
    LONG TERM BOND INDEX FMV 2,320,864 2,320,864
    LONG TERM FMV 1,691,619 1,691,619
    CONSUMER DISCRETIONARY FUND FMV 2,751,800 2,751,800

    TY 2020 LandEtcSchedule2
    Name:
    THE FREDERICK A SIMEONE MD
     
    FOUNDATION INC
    EIN:
    22-3483147
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 2,786,138 1,032,916 1,753,222  
    LAND 309,571 0 309,571  
    MUSEUM LIFT DEVICE 2,100 776 1,324  
    AUTO TURNTABLE 7,650 2,572 5,078  
    IRON GATES 3,000 1,010 1,990  
    HVAC 6,831 2,356 4,475  
    BUILDING IMPROVEMENTS 1,169,946 403,742 766,204  
    STEEL DOORS 6,145 2,074 4,071  
    ENVIRONMENTAL STUDY 2,800 987 1,813  
    FURNITURE & FIXTURES 803 803 0  
    BUILDING IMPROVEMENT 8,800 1,893 6,907  
    BUILDING IMPROVEMENT 1,410 305 1,105  
    BUILDING IMPROVEMENT 3,290 711 2,579  
    LIGHTING 1,280 277 1,003  
    MUSEUM FIXTURES 844 844 0  
    MUSEUM FIXTURES 1,500 1,500 0  
    ELECTRICAL 23,348 4,917 18,431  
    SPRINKLER SYSTEM 6,045 2,009 4,036  
    IRON GATES 15,000 4,796 10,204  
    HVAC 1,700 570 1,130  
    STEEL DOORS 7,840 2,504 5,336  
    BUILDING 313,759 98,217 215,542  
    BLDG IMPROVEMENTS 160,012 51,119 108,893  
    SPRINKLER SYSTEM 550 167 383  
    EXHIBITS 12,998 12,998 0  
    BLDG IMPROVEMENTS 7,336 1,967 5,369  
    BLDG IMPROVEMENTS 13,095 3,850 9,245  
    BLDG IMPROVEMENTS-ELEC 9,331 2,181 7,150  
    SIGN 360 360 0  
    BLDG IMPROVEMENTS 6,170 1,277 4,893  
    ROOF REPAIRS 31,904 5,385 26,519  
    BLDG IMPROVEMENTS 3,963 671 3,292  
    ROOF REPAIRS 372,400 53,315 319,085  
    BLDG IMPROVEMENTS-ELEC 8,911 1,273 7,638  
    BLDG IMPROVEMENTS-ELEC 6,275 684 5,591  
    BLDG IMPROVEMENTS-ELEC 3,100 356 2,744  
    BLDG IMP- GARAGE 1,950 204 1,746  
    BLDG IMPROVEMENTS 14,500 1,519 12,981  
    BLDG IMP- 1,573 120 1,453  
    BLDG IMPROVEMENTS 3,197 246 2,951  
    BUILDING IMPROVEMENT 70,740 3,628 67,112  
    BUILDING 280 112 168  
    SJ& OREGON WINDOW 4,225 216 4,009  
    SOUND SYSTEM ANDREW TAYLOR 25,893 1,273 24,620  
    CRESTLINE RESTORATION 14,574 654 13,920  
    LIBRARY SHELFING 4,350 776 3,574  
    PB FLOORING 12,000 359 11,641  
    STUDIO FURNITURE 20,765 1,483 19,282  
    BUILDING IMPROVEMENT 9,019 154 8,865  


    TY 2020 LegalFeesSchedule
    Name:
    THE FREDERICK A SIMEONE MD
     
    FOUNDATION INC
    EIN:
    22-3483147
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 3,267 0 3,267 0


    TY 2020 OtherDecreasesSchedule
    Name:
    THE FREDERICK A SIMEONE MD
     
    FOUNDATION INC
    EIN:
    22-3483147
    Description Amount
    PURCHASE OF CLASSIC CAR 297,232


    TY 2020 OtherExpensesSchedule
    Name:
    THE FREDERICK A SIMEONE MD
     
    FOUNDATION INC
    EIN:
    22-3483147
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 41,249 0 16,500 24,749
    BANK FEES 42,179 0 8,436 33,743
    DUES & SUBSCRIPTIONS 375 0 0 375
    INSURANCE 31,059 0 311 30,748
    MEALS & ENTERTAINMENT 313 0 313 0
    OFFICE SUPPLIES 10,771 0 0 10,771
    PAYROLL PROCESSING 3,799 0 1,596 2,203
    POSTAGE & SHIPPING 3,341 0 0 3,341
    REPAIRS & MAINTENANCE 5,909 0 0 5,909
    SUPPLIES 23,832 0 0 23,832
    UTILITIES 55,431 0 554 54,877
    VEHICLE TRANSPORT 600 0 0 600
    TRASH REMOVAL 2,499 0 0 2,499
    MISCELLANEOUS 4,701 0 4,701 0
    AUTOMOTIVE BOOKS 1,000,000 0 0 1,000,000


    TY 2020 OtherIncomeSchedule2
    Name:
    THE FREDERICK A SIMEONE MD
     
    FOUNDATION INC
    EIN:
    22-3483147
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MUSEUM ADMISSION 38,826   38,826
    MUSEUM EVENTS 4,517   4,517
    MEMBERSHIP DUES 3,875   3,875


    TY 2020 OtherIncreasesSchedule
    Name:
    THE FREDERICK A SIMEONE MD
     
    FOUNDATION INC
    EIN:
    22-3483147
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 7,202,432


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE FREDERICK A SIMEONE MD
     
    FOUNDATION INC
    EIN:
    22-3483147
    Description Beginning of Year - Book Value End of Year - Book Value
    DEPOSIT 0 150,000


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE FREDERICK A SIMEONE MD
     
    FOUNDATION INC
    EIN:
    22-3483147
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES-IT 20,981 0 8,392 12,589


    TY 2020 TaxesSchedule
    Name:
    THE FREDERICK A SIMEONE MD
     
    FOUNDATION INC
    EIN:
    22-3483147
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL ESTATE 30,902 0 0 30,902
    FEDERAL 63,500 0 63,500 0
    PAYROLL 27,034 0 11,354 15,680