Clark And Christine Ivory Foundation
- Assets
- $258.2m
- Revenue
- $70.6m
- Investments
- $113.7m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 20-0478665
Organization Overview
Clark And Christine Ivory Foundation is located in Salt Lake City, UT. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clark And Christine Ivory Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Clark And Christine Ivory Foundation generated $70.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.7% each year . All expenses for the organization totaled $11.5m during the year ending 12/2022. While expenses have increased by 27.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Clark And Christine Ivory Foundation has awarded 257 individual grants totaling $21,029,319. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clark D Ivory Trustee | 1 | $0 | |
Christine C Ivory Trustee | 3 | $0 | |
Abby Ivory Trustee | 1 | $0 | |
Mary Kathryn Bertha Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,430,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $863,114 |
| Net Rental Income | $397,057 |
| Net Gain on Sale of Assets | $1,699,778 |
| Capital Gain Net Income | $1,699,778 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,329,962 |
| Total Revenue | $70,603,196 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,691,092 |
| Taxes | $2,397,787 |
| Depreciation | $2,316,482 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $569,336 |
| Total operating and administrative expenses | $7,021,034 |
| Contributions, gifts, grants paid | $4,514,489 |
| Total expenses and disbursements | $11,535,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,480,134 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $22,907,638 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $107,898,729 |
| Investments—mortgage loans | $0 |
| Investments—other | $74,963,187 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,259,999 |
| Total assets | $258,215,529 |
| Accounts payable and accrued expenses | $2,019,273 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $66,435,421 |
| Other liabilities | $76,741 |
| Total liabilities | $68,531,435 |
Grants Awarded
Over the last fiscal year, Clark And Christine Ivory Foundation has awarded $4,514,489 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH MAKING A DIFFERENCE PURPOSE: GENERAL FUND | $200 |
WEBER STATE UNIVERSITY PURPOSE: GENERAL FUND | $135,600 |
VILLAGE BOOK BUILDERS PURPOSE: GENERAL FUND | $5,000 |
UVU FOUNDATION PURPOSE: GENERAL FUND | $55,000 |
UTAH TENNIS ASSOCIATION PURPOSE: GENERAL FUND | $10,462 |
UTAH VETERANS ALLIANCE PURPOSE: GENERAL FUND | $5,000 |