Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$129,299,664J 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) 26,786
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,061,325 2,061,325 2,061,325
5a Gross rents............ 78,158 78,158 78,158
b Net rental income or (loss) 78,158
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances 95,410
b Less: Cost of goods sold.... 47,734
c Gross profit or (loss) (attach schedule)..... 47,676 47,676
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
232,311 0 232,311
12 Total. Add lines 1 through 11........ 2,446,256 2,139,483 2,419,470
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 150,000 0 0 150,000
14 Other employee salaries and wages...... 356,681 0 0 356,681
15 Pension plans, employee benefits....... 41,593 0 0 41,593
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
19,777 0 0 19,777
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
50,573 5,057 0 45,516
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
40,191 0 0 40,191
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
49,922 0 0 49,922
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
145,457 0 145,457
20 Occupancy..............        
21 Travel, conferences, and meetings....... 6,596 0 0 6,596
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,237,591 0 24,949 1,212,642
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,098,381 5,057 170,406 1,922,918
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 2,098,381 5,057 170,406 1,922,918
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 347,875
b Net investment income (if negative, enter -0-) 2,134,426
c Adjusted net income (if negative, enter -0-)... 2,249,064
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 207,619 99,664 99,664
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow132
Less: allowance for doubtful accounts right arrow     132 132
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use.............. 35,927 18,559 18,559
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 74,058,373 Click to see attachment
List of Attached Documents:
// Content
96,876,381 		96,876,381
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 28,546,534 Click to see attachment
List of Attached Documents:
// Content
28,725,840 		28,725,840
14 Land, buildings, and equipment: basis right arrow5,855,770
Less: accumulated depreciation (attach schedule) right arrow2,276,682 3,627,520 Click to see attachment
List of Attached Documents:
// Content
3,579,088 		3,579,088
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 106,475,973 129,299,664 129,299,664
Liabilities 17 Accounts payable and accrued expenses.......... 10,919 95,475
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 125,000 125,000
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
8,780 		Click to see attachment
List of Attached Documents:
// Content
9,083
23 Total liabilities (add lines 17 through 22)......... 144,699 229,558
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 106,331,274 129,070,106
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 106,331,274 129,070,106
30 Total liabilities and net assets/fund balances (see instructions). 106,475,973 129,299,664
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
106,331,274
2
Enter amount from Part I, line 27a .....................
2
347,875
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
22,390,957
4
Add lines 1, 2, and 3 ..........................
4
129,070,106
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
129,070,106
Form 990-PF (2024)
Form 990-PF (2024)
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.)
1a
b
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
b
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
b
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  
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  
Part V
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 right arrow 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) 1 29,669
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 29,669
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 29,669
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 9,080
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 59,080
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 175
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 29,236
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow29,236 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowPA
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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
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
 
No
Website addressright arrowWWW.SIMEONEMUSEUM.ORG
14
The books are in care ofright arrowAMANDA JIMENEZ Telephone no.right arrow (215) 365-7233

Located atright arrow6825 NORWITCH DRIVEPHILADELPHIAPA ZIP+4right arrow19153
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2024? .............
1d
 
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
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? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
Part VII
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
KEVIN KELLY DIRECTOR
40.00 		150,000 4,500 0
6825 NORWITCH DRIVE
PHILADELPHIA,PA19153
ROBERT DUSEK CHAIRMAN
10.00 		0 0 0
6825 NORWITCH DRIVE
PHILADELPHIA,PA19153
DAVID PANICHI DIRECTOR
5.00 		0 0 0
6825 NORWITCH DRIVE
PHILADELPHIA,PA19153
CHRISTINA SIMEONE DIRECTOR
5.00 		0 0 0
6825 NORWITCH DRIVE
PHILADELPHIA,PA19153
RUPERT BANNER DIRECTOR
5.00 		0 0 0
6825 NORWITCH DRIVE
PHILADELPHIA,PA19153
AMANDA JIMENEZ ADMINISTRATOR
20.00 		0 0 0
6825 NORWITCH DRIVE
PHILADELPHIA,PA19153
ANDREW TAYLOR DIRECTOR
5.00 		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
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
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.............right arrow0
Part VIII-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 HISTORICAL, ENGINEERING AND ARTISTIC ATTRIBUTES, (4) PROVIDING A LIBRARY OF BOOKS, REFERENCE MATERIALS AND OTHER MULTI-MEDIA RELATING TO THE HISTORY, DESIGN, ENGINEERING AND EXPERIENCE OF AUTOMOBILES AND AUTO RACING. 1,081,950
2  
3  
4  
Part VIII-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.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
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
114,103,564
b
Average of monthly cash balances.......................
1b
153,642
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
114,257,206
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
114,257,206
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,713,858
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
112,543,348
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
5,627,167
Part X
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 IX, line 6..................
1
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
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 XII, line 1 ...
7
 
Part XI
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
1,922,918
b
Program-related investments—total from Part VIII-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 XII, line 4. .......
4
1,922,918
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$  
a Applied to 2023, 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 2024 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2024, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
2,249,064 1,006,075 301,968 286,730 3,843,837
b 85% (0.85) of line 2a ......... 1,911,704 855,164 256,673 243,721 3,267,261
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		1,922,918 1,053,510 818,106 674,085 4,468,619
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 .... 		1,922,918 1,053,510 818,106 674,085 4,468,619
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......       77,166,130 77,166,130
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		       3,705,465 3,705,465
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		3,751,445 2,455,863 1,973,798 1,903,495 10,084,601
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 XIV
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).)
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 right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
Page 11
Part XIV
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 .................................right arrow 3a 0
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-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         147,743
bMUSEUM EVENTS         22,246
cMEMBERSHIP DUES         47,182
dOTHER         15,140
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 2,061,325  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 78,158  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		         
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory         47,676
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 2,139,483 279,987
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,419,470
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-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 ADDITIONAL 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 (2024)
Form 990-PF (2024)
Page 13
Part XVI
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 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 50,573 5,057 0 45,516

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

TY 2024 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 1,247,233 SL 39.000000000000 71,439 0 71,439  
LAND 2006-07-07 309,571   L   0 0 0  
MUSEUM LIFT DEVICE 2006-08-29 2,100 938 SL 39.000000000000 54 0 54  
AUTO TURNTABLE 2007-11-16 7,650 3,160 SL 39.000000000000 196 0 196  
IRON GATES 2007-11-15 3,000 1,241 SL 39.000000000000 77 0 77  
HVAC 2007-07-01 6,831 2,881 SL 39.000000000000 175 0 175  
BUILDING IMPROVEMENTS 2007-07-01 1,169,946 493,739 SL 39.000000000000 29,999 0 29,999  
STEEL DOORS 2007-11-13 6,145 2,548 SL 39.000000000000 158 0 158  
ENVIRONMENTAL STUDY 2007-04-13 2,800 1,203 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 2,571 SL 39.000000000000 226 0 226  
BUILDING IMPROVEMENT 2012-07-03 1,410 413 SL 39.000000000000 36 0 36  
BUILDING IMPROVEMENT 2012-07-20 3,290 963 SL 39.000000000000 84 0 84  
LIGHTING 2012-08-12 1,280 376 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 6,714 SL 39.000000000000 599 0 599  
SPRINKLER SYSTEM 2008-01-24 6,045 2,474 SL 39.000000000000 155 0 155  
IRON GATES 2008-06-09 15,000 5,951 SL 39.000000000000 385 0 385  
HVAC 2008-01-04 1,700 702 SL 39.000000000000 44 0 44  
STEEL DOORS 2008-07-01 7,840 3,107 SL 39.000000000000 201 0 201  
BUILDING 2008-10-01 313,759 122,352 SL 39.000000000000 8,045 0 8,045  
BLDG IMPROVEMENTS 2008-07-01 160,012 63,428 SL 39.000000000000 4,103 0 4,103  
SPRINKLER SYSTEM 2009-01-22 550 209 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 2,531 SL 39.000000000000 188 0 188  
BLDG IMPROVEMENTS 2009-07-01 13,095 4,858 SL 39.000000000000 336 0 336  
BLDG IMPROVEMENTS-ELEC 2011-11-01 9,331 2,898 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 1,751 SL 39.000000000000 158 0 158  
ROOF REPAIRS 2014-06-01 31,904 7,839 SL 39.000000000000 818 0 818  
BLDG IMPROVEMENTS 2014-06-01 3,963 977 SL 39.000000000000 102 0 102  
ROOF REPAIRS 2015-06-01 372,400 81,962 SL 39.000000000000 9,549 0 9,549  
BLDG IMPROVEMENTS-ELEC 2015-06-01 8,911 1,957 SL 39.000000000000 228 0 228  
BLDG IMPROVEMENTS-ELEC 2016-10-01 6,275 1,167 SL 39.000000000000 161 0 161  
BLDG IMPROVEMENTS 2016-12-06 14,500 2,635 SL 39.000000000000 372 0 372  
BLDG IMP- 2017-12-31 1,573 240 SL 39.000000000000 40 0 40  
BLDG IMPROVEMENTS 2017-12-31 3,197 492 SL 39.000000000000 82 0 82  
BUILDING IMPROVEMENT 2019-01-01 70,740 9,070 SL 39.000000000000 1,814 0 1,814  
BUILDING 2019-01-01 280 280 SL 5.000000000000 0 0 0  
SJ& OREGON WINDOW 2019-01-01 4,225 540 SL 39.000000000000 108 0 108  
SOUND SYSTEM ANDREW TAYLOR 2019-02-01 25,893 3,265 SL 39.000000000000 664 0 664  
CRESTLINE RESTORATION 2019-04-01 14,574 1,776 SL 39.000000000000 374 0 374  
LIBRARY SHELFING 2019-10-01 4,350 2,639 SL 7.000000000000 621 0 621  
PB FLOORING 2019-11-01 12,000 1,283 SL 39.000000000000 308 0 308  
STUDIO FURNITURE 2020-06-30 20,765 10,381 SL 7.000000000000 2,966 0 2,966  
BUILDING IMPROVEMENT 2020-04-20 9,019 847 SL 39.000000000000 231 0 231  
SOFTWARE 2021-08-19 4,258 1,704 SL 5.000000000000 852 0 852  
BUILDING IMPROVEMENTS-FENCE 2021-12-31 28,269 1,450 SL 39.000000000000 725 0 725  
BUILDING IMPROVEMENTS-PAVING 2021-12-31 21,000 1,076 SL 39.000000000000 538 0 538  
FURNITURE & FIXTURES 2022-10-05 8,745 1,561 SL 7.000000000000 1,249 0 1,249  
BUILDING IMPROVEMENTS 2023 2023-04-14 193,920 3,729 SL 39.000000000000 4,972 0 4,972  
TRIPLE SEAT 2023-01-31 1,134 208 SL 5.000000000000 227 0 227  
ANDREW TAYLOR 2023-08-01 2,400 200 SL 5.000000000000 480 0 480  
DELAWARE BUSINESS SYSTEM POS 2023-09-14 4,800 320 SL 5.000000000000 960 0 960  

TY 2024 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
AMAZON 48,265,800 48,265,800
MICROSOFT 9,551,647 9,551,647
LOCKHEED MARTIN 4,150,983 4,150,983
NVIDIA CORP 4,034,190 4,034,190
ACHIEVERS 1,052,562 1,052,562
APPLE 7,282,345 7,282,345
CHIPOTLE 6,030,000 6,030,000
NORTHROP GRUMMAN CORP 7,140,716 7,140,716
VANGUARD EMERGING MKT 5,035,778 5,035,778
WELLINGTON 4,332,360 4,332,360

TY 2024 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 28,725,840 28,725,840

TY 2024 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 1,318,672 1,467,466  
LAND 309,571 0 309,571  
MUSEUM LIFT DEVICE 2,100 992 1,108  
AUTO TURNTABLE 7,650 3,356 4,294  
IRON GATES 3,000 1,318 1,682  
HVAC 6,831 3,056 3,775  
BUILDING IMPROVEMENTS 1,169,946 523,738 646,208  
STEEL DOORS 6,145 2,706 3,439  
ENVIRONMENTAL STUDY 2,800 1,275 1,525  
FURNITURE & FIXTURES 803 803 0  
BUILDING IMPROVEMENT 8,800 2,797 6,003  
BUILDING IMPROVEMENT 1,410 449 961  
BUILDING IMPROVEMENT 3,290 1,047 2,243  
LIGHTING 1,280 409 871  
MUSEUM FIXTURES 844 844 0  
MUSEUM FIXTURES 1,500 1,500 0  
ELECTRICAL 23,348 7,313 16,035  
SPRINKLER SYSTEM 6,045 2,629 3,416  
IRON GATES 15,000 6,336 8,664  
HVAC 1,700 746 954  
STEEL DOORS 7,840 3,308 4,532  
BUILDING 313,759 130,397 183,362  
BLDG IMPROVEMENTS 160,012 67,531 92,481  
SPRINKLER SYSTEM 550 223 327  
EXHIBITS 12,998 12,998 0  
BLDG IMPROVEMENTS 7,336 2,719 4,617  
BLDG IMPROVEMENTS 13,095 5,194 7,901  
BLDG IMPROVEMENTS-ELEC 9,331 3,137 6,194  
SIGN 360 360 0  
BLDG IMPROVEMENTS 6,170 1,909 4,261  
ROOF REPAIRS 31,904 8,657 23,247  
BLDG IMPROVEMENTS 3,963 1,079 2,884  
ROOF REPAIRS 372,400 91,511 280,889  
BLDG IMPROVEMENTS-ELEC 8,911 2,185 6,726  
BLDG IMPROVEMENTS-ELEC 6,275 1,328 4,947  
BLDG IMPROVEMENTS 14,500 3,007 11,493  
BLDG IMP- 1,573 280 1,293  
BLDG IMPROVEMENTS 3,197 574 2,623  
BUILDING IMPROVEMENT 70,740 10,884 59,856  
BUILDING 280 280 0  
SJ& OREGON WINDOW 4,225 648 3,577  
SOUND SYSTEM ANDREW TAYLOR 25,893 3,929 21,964  
CRESTLINE RESTORATION 14,574 2,150 12,424  
LIBRARY SHELFING 4,350 3,260 1,090  
PB FLOORING 12,000 1,591 10,409  
STUDIO FURNITURE 20,765 13,347 7,418  
BUILDING IMPROVEMENT 9,019 1,078 7,941  
SOFTWARE 4,258 2,556 1,702  
BUILDING IMPROVEMENTS-FENCE 28,269 2,175 26,094  
BUILDING IMPROVEMENTS-PAVING 21,000 1,614 19,386  
FURNITURE & FIXTURES 8,745 2,810 5,935  
BUILDING IMPROVEMENTS 2023 193,920 8,701 185,219  
TRIPLE SEAT 1,134 435 699  
ANDREW TAYLOR 2,400 680 1,720  
DELAWARE BUSINESS SYSTEM POS 4,800 1,280 3,520  


TY 2024 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 19,777 0 0 19,777


TY 2024 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 33,297 0 0 33,297
BANK FEES 23,332 0 0 23,332
INSURANCE 65,949 0 0 65,949
MEALS & ENTERTAINMENT 2,518 0 0 2,518
OFFICE SUPPLIES 19,028 0 0 19,028
PAYROLL PROCESSING 4,216 0 0 4,216
POSTAGE & SHIPPING 2,409 0 0 2,409
REPAIRS & MAINTENANCE 176,634 0 0 176,634
SUPPLIES 25,269 0 0 25,269
UTILITIES 63,744 0 0 63,744
VEHICLE TRANSPORT 4,450 0 0 4,450
SPECIAL EVENT EXPENSE 24,949 0 24,949 0
MISC 1,633 0 0 1,633
WASTE AND TRASH REMOVAL 3,153 0 0 3,153
PURCHASE OF CLASSIC SPORTS CAR 747,500 0 0 747,500
DONATIONS 39,510 0 0 39,510


TY 2024 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 147,743   147,743
MUSEUM EVENTS 22,246   22,246
MEMBERSHIP DUES 47,182   47,182
OTHER 15,140   15,140


TY 2024 OtherIncreasesSchedule
Name:
THE FREDERICK A SIMEONE MD
 
FOUNDATION INC
EIN:
22-3483147
Description Amount
REALIZED & UNREALIZED GAINS ON INVESTMENTS 22,390,957


TY 2024 OtherLiabilitiesSchedule
Name:
THE FREDERICK A SIMEONE MD
 
FOUNDATION INC
EIN:
22-3483147
Description Beginning of Year - Book Value End of Year - Book Value
RETIREMENT PAYABLE 8,144 8,697
SALES TAX 636 386


TY 2024 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 22,392 0 0 22,392
CONSULTING 17,799 0 0 17,799


TY 2024 TaxesSchedule
Name:
THE FREDERICK A SIMEONE MD
 
FOUNDATION INC
EIN:
22-3483147
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL 15,000 0 0 15,000
PAYROLL 32,054 0 0 32,054
LOCAL 2,868 0 0 2,868