Foothold
- Assets
- $6.2m
- Revenue
- -$390.9k
- Investments
- $2.8m
- Employees
- 0
- Location
- Salt Lake Cty, UT
- Founding
- 07/2007
- Data as of
- 12/2022
- 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUNTSMAN CANCER CENTER - FOR RESEARCH IN THE AREA OF CANCER TREATMENT
COMMUNITY FOUNDATION OF UTAH - ASSIST REFUGEES FELLING THE UKRANIAN WAR BECOME ESTABLISHED IN THIS COUNTRY
BOOST FOUNDATION - HELPING LOCAL CITIZENS BECOME FLUENT IN THE ENGLISH LANGUAGE GET THEM ENROLLED IN SCHOOL AND HELP THEM FIND JOBS TO HELP PREPARE THEM FOR A LIFETIME OF SUCCESS
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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 | $2,950 |
| Interest on Savings | $17,248 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$411,147 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$390,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75,774 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,698 |
| Total operating and administrative expenses | $193,862 |
| Contributions, gifts, grants paid | $5,953,644 |
| Total expenses and disbursements | $6,147,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,669 |
| Savings and temporary cash investments | $1,292,674 |
| 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 | $2,008,031 |
| Total assets | $6,152,907 |
| 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 $5,953,644 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HUNTSMAN CANCER FOUNDATION PURPOSE: HUNTSMAN CANCER CENTER DONATION WAS MADE TO HELP WITH RESEARCH FOR CANCER TREATMENTS | $20,000 |
BOOST FOUNDATION PURPOSE: DONATION OF CASH AND STOCKS WERE MADE TO THE BOOST FOUNDATIN TO HELP LOCAL CITIZENS BECOME FLUENT IN THE LOCAL ENGLISH LANGUAGE. THIS IS TO ASSIST THEM TO EXCEL IN SCHOOL AND THE LABOR MARKET AND PREPARE THEM FOR A LIFETIME OF SUCCESS | $3,745,000 |
COMMUNITY FOUNDATION OF UTAH PURPOSE: DONATION TO COMMUNITY FOUNDATION OF UTAH WAS TO ASSIST WITH THE REFUGEES FLEEING THE UKRANIAN WAR. | $30,000 |
BOOST FOUNDATION PURPOSE: DONATION OF CASH AND STOCKS WERE MADE TO THE BOOST FOUNDATIN TO HELP LOCAL CITIZENS BECOME FLUENT IN THE LOCAL ENGLISH LANGUAGE. THIS IS TO ASSIST THEM TO EXCEL IN SCHOOL AND THE LABOR MARKET AND PREPARE THEM FOR A LIFETIME OF SUCCESS | $2,158,644 |