American Foundation Of Utah Inc
- Assets
- $49.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 20-5823039
Organization Overview
American Foundation Of Utah Inc is located in Phoenix, AZ. The organization was established in 2009. According to its NTEE Classification (T30) the organization is classified as: Public 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. American Foundation Of Utah Inc 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 12/2021, American Foundation Of Utah Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.1% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 36.9% 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 2020, American Foundation Of Utah Inc has awarded 96 individual grants totaling $4,001,516. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FACILITATE THE PRIVATIZATION OF PHILANTHROPY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLOCATED COSTS INCURRED IN ADMINISTRATION OF CHARITABLE REMAINDER TRUSTS, PROGRAM PRESENTATION COSTS TO GROUPS, AND OTHERS, AND DISTRIBUTION OF GRANTS AND OTHER COSTS RELATING TO CHARITABLE PROGRAMS. ALLOCATED COSTS INCLUDE ALL COSTS THAT PERTAIN TO SUPPORTING AND EFFECTUATING, EITHER DIRECTLY OR INDIRECTLY, THE CHARITABLE MISSION OF THE AMERICAN FOUNDATION OF UTAH. THIS MISSION IS TO PROMOTE AND FACILITATE THE PRIVATIZATION OF PHILANTHROPY, THEREBY CREATING VAST AMOUNTS OF NEW AND MORE EFFECTIVE PHILANTHROPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randon W Wilson Director/coo/vp | OfficerTrustee | 4 | $0 |
Benson L Schaub Director/ceo | OfficerTrustee | 8 | $0 |
Adam R Riding Director/secret | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,658,097 |
| Noncash contributions included in lines 1a–1f | $1,266,190 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,658,097 |
| Total Program Service Revenue | $0 |
| Investment income | $1,608,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,514 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,329,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,467,737 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $135,931 |
| Fees for services: Legal | $2,524 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $382,068 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,015,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,880,812 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $44,273,332 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $604,379 |
| Total assets | $49,758,523 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $49,758,523 |
| Total liabilities and net assets/fund balances | $49,758,523 |
Grants Awarded
Over the last fiscal year, American Foundation Of Utah Inc has awarded $2,360,012 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
Huntington Beach, CA PURPOSE: GENERAL | $350,000 |
Oceanside, CA PURPOSE: RELIGIOUS | $250,000 |
Tustin, CA PURPOSE: GENERAL | $130,000 |
Annandale, NJ PURPOSE: GENERAL | $103,000 |
Los Angeles, CA PURPOSE: GENERAL | $100,000 |
Chicago, IL PURPOSE: RELIGIOUS | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Foundation Of Utah Inc has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
Boston Celtics Shamrock Foundation Inc Boston, MA PURPOSE: Support | $21,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |
Americas Best Local Charities San Rafael, CA | $3,431,052 | $16,765,664 |
Bill Hannon Foundation Los Angeles, CA | $17,238,236 | $4,285,811 |
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
It Is Written Inc Riverside, CA | $12,378,597 | $15,533,924 |
Friends Of Family Health Center La Habra, CA | $48,269,218 | $21,982,956 |
Family Assistance Ministries San Clemente, CA | $4,435,253 | $12,485,569 |
Hidaya Foundation Santa Clara, CA | $4,651,500 | $12,437,401 |
Hyundai Hope On Wheels Fountain Valley, CA | $12,616,829 | $14,561,310 |
Philanthropic Impact Fund Beverly Hills, CA | $0 | $3,313,525 |
Providence Little Company Of Mary Foundation Torrance, CA | $121,035,875 | $18,031,300 |
Cambodian Childrens Fund Santa Monica, CA | $27,120,483 | $15,367,074 |