William D Backman Iv Community Fund is located in Park City, UT. The organization was established in 2002. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William D Backman Iv Community Fund 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, William D Backman Iv Community Fund generated $22.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 62.7% each year . All expenses for the organization totaled $132.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William D Backman III Trustee | 0.5 | $0 | |
Lorraine L Backman Trustee | 0.5 | $0 | |
Sabrina Clark Trustee | 0.5 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $1,756 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,004 |
| Capital Gain Net Income | $21,004 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,771 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,105 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37 |
| Total operating and administrative expenses | $4,262 |
| Contributions, gifts, grants paid | $127,988 |
| Total expenses and disbursements | $132,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 |
Over the last fiscal year, William D Backman Iv Community Fund has awarded $127,988 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IVY TECH FOUNDATION PURPOSE: GENERAL SUPPORT | $117,988 |
SOUTHEASTERN INDIANA HONOR GUARD PURPOSE: GENERAL SUPPORT | $10,000 |