Jed H And Merlynn Pitcher Foundation
- Assets
- $423.5k
- Revenue
- $142.7k
- Investments
- $373.0k
- Employees
- 0
- Location
- Bountiful, UT
- Founding
- 06/2003
- Data as of
- 12/2023
- EIN
- 30-0181616
Organization Overview
Jed H And Merlynn Pitcher Foundation is located in Bountiful, UT. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Jed H And Merlynn Pitcher 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 12/2023, Jed H And Merlynn Pitcher Foundation generated $142.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $94.8k during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 5 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 2020, Jed H And Merlynn Pitcher Foundation has awarded 18 individual grants totaling $348,646. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jed H Pitcher President | 1 | $0 | |
Merlynn H Pitcher Secretarytreasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $71,786 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,374 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,388 |
| Capital Gain Net Income | $65,388 |
| Net ST Capital Gain | $751 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $137 |
| Total Revenue | $142,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $551 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,832 |
| Contributions, gifts, grants paid | $88,000 |
| Total expenses and disbursements | $94,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,524 |
| 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 | $373,009 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $423,533 |
| 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, Jed H And Merlynn Pitcher Foundation has awarded $88,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LDS CHURCH PURPOSE: RELIGION | $15,000 |
UTAH STATE UNIVERSITY PURPOSE: EDUCATION | $21,000 |
ALPHA CHI OMEGA NATL SORORITY PURPOSE: EDUCATION | $40,000 |
JE COSGRIFF MEMORIAL CATHOLIC SCH PURPOSE: EDUCATION | $12,000 |