Julie M & David S Layton Foundation
- Assets
- $1.4m
- Revenue
- $60.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Sandy, UT
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 20-8104877
Organization Overview
Julie M & David S Layton Foundation is located in Sandy, UT. The organization was established in 2009. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Julie M & David S Layton 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, Julie M & David S Layton Foundation generated $60.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $59.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David S Layton Trustee/admin Com Member | 1 | $0 | |
Julie M Layton Admin Committee Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $385 |
| Dividends & Interest | $25,080 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,500 |
| Capital Gain Net Income | $34,500 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,965 |
| 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 | $9,191 |
| Total operating and administrative expenses | $9,191 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $59,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,705 |
| 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 | $1,196,261 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,401,966 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Julie M & David S Layton Foundation has awarded $1,050,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF UTAH ATHLETICS PURPOSE: FIELD CLUB DONATION | $1,000,000 |
GEORIGA SOUTHERN ATHLETICS PURPOSE: MENS GOLF PRO GREEN | $50,000 |