Michael And Jacalyn Leavitt Foundation
- Assets
- $2.7m
- Revenue
- $128.0k
- Investments
- $2.5m
- Employees
- 0
- Location
- Cedar City, UT
- Founding
- 06/2009
- Data as of
- 12/2022
- EIN
- 20-2361058
Organization Overview
Michael And Jacalyn Leavitt Foundation is located in Cedar City, UT. The organization was established in 2009. 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. Michael And Jacalyn Leavitt 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, Michael And Jacalyn Leavitt Foundation generated $128.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $122.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael And Jacalyn Leavitt Foundation has awarded 58 individual grants totaling $1,541,383. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael O Leavitt Trustee | 1 | $0 | |
Jacalyn S Leavitt Trustee | 1 | $0 | |
Jim Douglas Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,056 |
| Interest on Savings | $699 |
| Dividends & Interest | $102,222 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $4,212 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $127,977 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,533 |
| Total operating and administrative expenses | $4,397 |
| Contributions, gifts, grants paid | $118,508 |
| Total expenses and disbursements | $122,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,658 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,685,292 |
| Accounts payable and accrued expenses | $449 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $449 |
Grants Awarded
Over the last fiscal year, Michael And Jacalyn Leavitt Foundation has awarded $118,508 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS PURPOSE: ORGANIZATIONAL GROWTH | $900 |
COLOR COUNTRY FUTBOL CLUB PURPOSE: HEALTH AND WELFARE | $500 |
ENCIRCLE LGBTQ FAMILY AND YOU RESOURCE CENTER PURPOSE: HEALTH AND WELFARE | $25,000 |
HANGING CLEATS FOUNDATION PURPOSE: HEALTH AND WELFARE | $0 |
UTAH STATE UNIVERSITY FOUNDATION PURPOSE: LOCAL SCHOOLS | $0 |
SOUTHERN UTAH UNIVERSITY PURPOSE: LOCAL SCHOOLS | $17,108 |