Jks Foundation
- Assets
- $3.6m
- Revenue
- $246.9k
- Investments
- $2.3m
- Employees
- 0
- Location
- Holladay, UT
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 26-3948638
Organization Overview
Jks Foundation is located in Holladay, UT. The organization was established in 2011. 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. Jks 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 12/2021, Jks Foundation generated $246.9k 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 (29.7%) each year. All expenses for the organization totaled $131.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jks Foundation has awarded 48 individual grants totaling $1,232,650. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMP OAKLEY - FULL CAMP-OUT SITE EXPERIENCE OUTFITTED FOR WHEELCHAIR USERS AND OTHER WITH DIFFERENES IN MOBILITY. FACILITED THROUGH NATIONAL ABILITIES CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Sorenson Treasurer | 1 | $500 | |
Kathleen Sorenson Director | 1 | $500 | |
Holly Grierson Director | 1 | $500 | |
Heather S Baugh Director | 1 | $500 | |
Jason Sorenson Director | 1 | $500 | |
Jessica Hutchinson Director | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,762 |
| Dividends & Interest | $44,360 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $166,738 |
| Capital Gain Net Income | $166,738 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,000 |
| Total Revenue | $246,860 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,740 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24 |
| Total operating and administrative expenses | $31,140 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $131,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,379 |
| Savings and temporary cash investments | $78,088 |
| 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 | $1,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $235,017 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $196,127 |
| Total assets | $3,567,205 |
| Accounts payable and accrued expenses | $998 |
| 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 | $95,644 |
| Total liabilities | $96,642 |
Grants Awarded
Over the last fiscal year, Jks Foundation has awarded $100,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF UTAH PURPOSE: MTN WEST PARKINSON INITIATIVE | $60,000 |
OPERATION UNDERGROUND RAILROAD PURPOSE: GENERAL SUPPORT | $10,000 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: SALT LAKE CITY CHAPTER | $10,000 |
Park City, UT PURPOSE: GENERAL SUPPORT | $10,000 |
THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS PURPOSE: GENERAL SUPPORT | $10,000 |
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 |