Park City Community Foundation
- Assets
- $26.8m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Park City, UT
- Founding
- 10/2003
- Data as of
- 12/2021
- EIN
- 30-0171971
Organization Overview
Park City Community Foundation is located in Park City, UT. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Park City Community Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park City Community 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, Park City Community Foundation generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 22.8% per year over the past 7 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.
Since 2015, Park City Community Foundation has awarded 469 individual grants totaling $19,464,453. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FOUNDATION PLAYS A VITAL ROLE IN SOLVING GREATER PARK CITY'S MOST CHALLENGING PROBLEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVE PC GIVE PC, WOMEN'S GIVING FUND, COMMUNITY FUND, CLIMATE FUND, AFFORDABLE HOUSING FUND, NONPROFIT EDUCATION AND OTHER PROGRAMMING: THE COMMUNITY FOUNDATION'S PRIMARY GOAL IS TO SUPPORT GREATER PARK CITY NONPROFITS WITH THE FOLLOWING: GRANT MAKING, EDUCATION AND SEMINARS, AND COMMUNITY GIVING VEHICLES SUCH AS LIVE PC GIVE PC. IN 2022, LIVE PC GIVE PC RAISED OVER $5.2 MILLION FROM OVER 6,500 UNIQUE DONORS AND MORE THAN 100 NONPROFITS PARTICIPATED. THE WOMEN'S GIVING FUND HAD PARTICIPATION FROM OVER 2,000 UNIQUE DONORS WHOSE CONTRIBUTIONS WERE USED TO SUPPORT FAMILY AND YOUTH SERVICES. THE COMMUNITY FUND GRANTED OVER $350,000 TO 57 LOCAL NONPROFITS. THE CLIMATE FUND THAT FOCUSES ON LOCAL, HIGH-IMPACT CLIMATE SOLUTIONS DEPLOYED OVER $150,000 TO SEVERAL LOCAL NONPROFIT ORGANIZATIONS, AND COMMENCED A STRATEGIC PLAN TO FULLY DIVERT FOOD WASTE FROM SUMMIT COUNTY'S LANDFILL BY 2030. THE AFFORDABLE HOUSING FUND CREATED MARKETING MATERIALS, SECURED FUNDRAISING, AND WORKED WITH LOCAL PARTNERS TO CREATE COMMUNITY AWARENESS OF THE CRITICAL HOUSING ISSUE. ADDITIONALLY, THE COMMUNITY FOUNDATION PROVIDED MONTHLY OPPORTUNITIES FOR NONPROFIT STAFF AND VOLUNTEERS TO IMPROVE THEIR EFFECTIVENESS. OVER 400 INDIVIDUALS PARTICIPATED IN THESE HOSTED EDUCATIONAL OPPORTUNITIES IN 2022. OTHER PROGRAMMING INCLUDED DEI SPECIFIC TRAININGS, AND OTHER INITIATIVES THAT CENTERED AROUND THE SOCIAL EQUITY VALUES OF THE COMMUNITY FOUNDATION.
MENTAL WELLNESS FUNDS: LAUNCHED IN JANUARY 2017, THE MENTAL WELLNESS ALLIANCE SUPPORTS A RANGE OF PROGRAMS AND INITIATIVES, AS PRIORITIZED IN THE COMMUNITY'S COUNTY-WIDE STRATEGIC PLAN. THE GOAL IS TO INCREASE AWARENESS, PREVENTION, TREATMENT AND OTHER SERVICES AIMED AT MENTAL HEALTH AND SUBSTANCE ABUSE. SINCE INCEPTION, OVER $4.8M HAS BEEN DEPLOYED FOR GRANTS AND PROGRAMS IN THE COMMUNITY. THE ALLIANCE PARTNERS WITH LOCAL NONPROFITS, COMMUNITY MEMBERS, GOVERNMENTS, SCHOOL DISTRICTS, BUSINESSES, AND CARE PROVIDERS, ALL AIMING TO ADDRESS THIS CRITICAL COMMUNITY NEED.
EARLY CHILDHOOD ALLIANCE: THE EARLY CHILDHOOD ALLIANCE WAS FORMED WITH THE VISION THAT ALL WASATCH BACK CHILDREN AGED ZERO TO THREE SHOULD HAVE EQUITABLE AND ABUNDANT OPPORTUNITIES TO THRIVE, LEARN, AND GROW INTO PARTICIPATING MEMBERS OF THE COMMUNITY. THE EARLY CHILDHOOD ALLIANCE ENGAGES, EDUCATES, AND SUPPORTS COMMUNITY PARTNERS AND FAMILIES SO THAT YOUNG CHILDREN CAN REACH THEIR FULL POTENTIAL DURING THIS CRITICAL STAGE OF DEVELOPMENT. THE ALLIANCE WORKS TO ADDRESS THE EVER-GROWING NEED FOR MORE LOCAL CHILDCARE CAPACITY, AND AIMS TO CLOSE SOCIAL EQUITY GAPS FOR CHILDREN ENTERING KIDNERGARTEN BY INCREASING ACCESS TO QUALITY EARLY CHILDCARE. SINCE INCEPTION IN 2019, OVER $1.2M HAS BEEN DEPLOYED IN THE COMMUNITY IN BOTH GRANTS AND PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Cumming Emeritus | Trustee | 0.1 | $0 |
Courtney Caplan Director | Trustee | 2 | $0 |
Karen Conway Vice Chair | OfficerTrustee | 2 | $0 |
J Taylor Crandall Director | Trustee | 5 | $0 |
Kristi Cumming Chair | OfficerTrustee | 2 | $0 |
Anna Frachou Chair, Grants | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,978,856 |
| Investment income | $343,514 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $829,636 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,207,997 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $619,586 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,715 |
| Payroll taxes | $57,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,086 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $26,550 |
| Fees for services: Investment Management | $31,310 |
| Fees for services: Other | $226,720 |
| Advertising and promotion | $81,226 |
| Office expenses | $48,934 |
| Information technology | $23,556 |
| Royalties | $0 |
| Occupancy | $71,803 |
| Travel | $20 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,984 |
| Insurance | $7,736 |
| All other expenses | $0 |
| Total functional expenses | $5,400,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394,160 |
| Savings and temporary cash investments | $927,464 |
| Pledges and grants receivable | $1,522,451 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,999 |
| Investments—publicly traded securities | $23,214,104 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,623 |
| Total assets | $26,797,404 |
| Accounts payable and accrued expenses | $30,298 |
| Grants payable | $11,990 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $228,578 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,290 |
| Total liabilities | $290,156 |
| Net assets without donor restrictions | $9,976,387 |
| Net assets with donor restrictions | $16,530,861 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $26,507,248 |
Grants Awarded
Over the last fiscal year, Park City Community Foundation has awarded $4,513,539 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
TUCSON JEWISH COMMUNITY CENTER INC PURPOSE: COMMUNITY DEVELOPMENT | $6,000 |
DIRECT RELIEF PURPOSE: HUMAN SERVICE | $23,284 |
PROJECT CURE PURPOSE: HEALTH, GENERAL | $100,000 |
THE FILMMAKER FUND PURPOSE: ARTS, CULTURE | $16,019 |
WESTERN RESOURCE ADVOCATES PURPOSE: ENVIRONMENTAL | $20,000 |
SOS OUTREACH PURPOSE: HEALTH, GENERAL | $28,325 |