Foothold
- Assets
- $12.7m
- Revenue
- $1.5m
- Investments
- $10.9m
- Employees
- 0
- Location
- Salt Lake Cty, UT
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 20-8968356
Organization Overview
Foothold is located in Salt Lake Cty, UT. The organization was established in 2007. 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. Foothold 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, Foothold generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $519.7k during the year ending 12/2021. While expenses have increased by 36.4% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
BECKSTRAND AND ASSOCIATES CREDIT UNION - THIS IS A PROGRAM DESIGNED TO HELP STUDENTS STAY IN SCHOOL. THE FREE TO FOCUS FUND HAS BEEN ESTABLISHED TO KEEP STUDENTS IN SCHOOL AND ON SCHEDULE TO GRADUATE
UNIVERSITY OF UTAH READING CLINIC - THE IMPORTANCE OF EDUCATION IS MEANINGFUL TO THE FOUNDATION. THE FUNDS GIVEN TO THE READING PROGRAM HELP HUNDREDS OF DISADVANTAGED CHILDREN LEARN TO READ AT A HIGHER LEVEL THAN WHAT IS POSSIBLE IN A NORMAL CLASSROOM SETTING
GIRLS ON THE RUN IS A PROGRAM DESIGNED TO HELP GIRLS UNDERSTAND THE IMPORTANCE OF PHYSICAL EDUCATION AND HEALTH. THIS PROGRAM TEACHES WELLNESS AND PHYSICAL ACTIVITY PRACTICES TO YOUNG GIRLS.
NEIGHBORHOOD HOUSE HELPS LOW INCOME FAMILIES SUCCEED BY PROVIDING QUALITY AFFORDABLE DAY CARE AND SUPPORT SERVICES TO CHILDREN AND ADULTS BASED ON THEIR NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Beckstrand President Chairman | 1 | $0 | |
Carol B Beckstrand Board Member | 1 | $0 | |
Amy Marie Driggs Board Member | 1 | $0 | |
Jonathan S Beckstrand Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,514,206 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,986 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $4,785,423 |
| Net ST Capital Gain | $4,533,412 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,535,192 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58,669 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $135 |
| Total operating and administrative expenses | $212,135 |
| Contributions, gifts, grants paid | $307,600 |
| Total expenses and disbursements | $519,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,280 |
| Savings and temporary cash investments | $132,166 |
| 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 | $1,616,535 |
| Total assets | $12,691,815 |
| 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, Foothold has awarded $307,600 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BECKSTRAND AND ASSOCIATES CU PURPOSE: DONATION WAS GIVEN TO THIS CREDIT UNION TO SUPPORT STUDENTS TO STAY IN SCHOOL. THE FREE TO FOCUS FUND HAS BEEN ESTABLISHED TO KEEP STUDENTS IN SCHOOL AND ON SCHEDULE TO GRADUATE | $154,300 |
UNIVERSITY OF UTAH READING CLINIC PURPOSE: IMPORTANCE OF EDUCATION. FUNDS WERE PROVIDED TO THE U OF U FOR A CHILDREN'S READING PROGRAM. THE FUNS HELP HUNDREDS OF DISADVANTAGED CHILDREN LEARN TO READ AT A HIGHER LEVEL THAN WHAT IS POSSIBLE IN A NORMAL CLASSROOM SETTING. | $70,750 |
THE NEIGHBORHOOD HOUSE PURPOSE: DONATION TO NEIGHBORHOOD HOUSE TO HELP PROVIDE PROGRAMS FOR CHILDREN AND ELDERLY ADULTS WHO NEED CARE DURING THE DAY. DONATIONS MAKE IT POSSIBLE FOR LOWER INCOME FAMILIES TO HAVE THIS TYPE OF SUPPORT | $40,000 |
GIRLS ON THE RUN PURPOSE: GIRLS ON THE RUN IS DESIGNED TO HELP GIRLS UNDERSTAND THE IMPORTANCE OF PHYSICAL EDUCATION AND HEALTH. DYNAMIC LESSONS INSTILL VALUABLE LIE SKILLS. | $40,000 |
Salt Lake City, UT PURPOSE: HUNTSMAN CANCER CENTER DONATION WAS MADE TO HELP WITH RESEARCH FOR CANCER TREATMENTS | $2,000 |
OLYMPUS HIGH SCHOOL PURPOSE: DONATION WAS GIVEN TO OLYMPUS HIGH SCHOOL TO HELP STUDENTS UNDERSTAND TECHNOLOGY THAT IS BEING USED TO EDUCATE ESPECIALLY DURING THE PANDEMIC ERA | $550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Skip Viragh Foundation Inc Reno, NV | $289,471,217 | $23,635,241 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
People-People-People Foundation Dated 4-19-2018 Scottsdale, AZ | $10,000,014 | $37,338,865 |
Bob And Renee Parsons Foundation Scottsdale, AZ | $28,086,912 | $26,506,603 |
Temple Hoyne Buell Foundation Denver, CO | $377,422,437 | $27,172,510 |