The Sabin Childrens Foundation
- Assets
- $6.5m
- Revenue
- $935.6k
- Investments
- $209.6k
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 33-0592170
Organization Overview
The Sabin Childrens Foundation is located in Salt Lake City, UT. The organization was established in 1995. 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. Sabin Childrens 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, Sabin Childrens Foundation generated $935.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.4% each year . All expenses for the organization totaled $496.2k during the year ending 12/2021. While expenses have increased by 1.3% 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 2014, Sabin Childrens Foundation has awarded 54 individual grants totaling $4,851,671. 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
TO PROVIDE GRANTS, CONTRIBUTIONS, AND LOANS FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES TO SPECIFIED SUPPORTED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS FOR VARIOUS TAX EXEMPT ORGANIZATIONS TO SUPPORT THEIR CHARITABLE ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S Eric Ottesen President | OfficerTrustee | 1 | $0 |
Mark T Burton Vice Preside | OfficerTrustee | 1 | $0 |
Gary B Sabin Chairman/ceo | OfficerTrustee | 1 | $0 |
Spencer Plumb Vice Preside | OfficerTrustee | 1 | $0 |
John Q Langford Treasurer/cf | Officer | 1 | $0 |
Rachel Miller Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,600 |
| Total Program Service Revenue | $0 |
| Investment income | $514,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $273,283 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $935,631 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $435,000 |
| Grants and other assistance to domestic individuals. | $2,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,873 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,100 |
| All other expenses | $0 |
| Total functional expenses | $496,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372 |
| Savings and temporary cash investments | $1,635,050 |
| Pledges and grants receivable | $545 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,684,501 |
| Investments—other securities | $209,604 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,530,072 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $6,530,072 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,530,072 |
Grants Awarded
Over the last fiscal year, The Sabin Childrens Foundation has awarded $435,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PATHWAY CENTRE FOR MENTALLY ANDPHYSICALLY HANDICAPPED CHILDREN PURPOSE: GENERAL OPERATION | $215,000 |
Sandy, UT PURPOSE: VAR. INTL PROJECTS | $150,000 |
Midway, UT PURPOSE: VAR. INTL PROJECTS | $45,000 |
Provo, UT PURPOSE: GENERAL OPERATION | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Sabin Childrens Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: Health & Human Services | $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 |