Uti Foundation Inc
- Assets
- $1.6m
- Revenue
- $448.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Maple Grove, MN
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 41-1859780
Organization Overview
Uti Foundation Inc is located in Maple Grove, MN. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uti Foundation Inc 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, Uti Foundation Inc generated $448.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $86.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Uti Foundation Inc has awarded 40 individual grants totaling $638,411. 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 |
|---|---|---|---|
Keith K Kim Director | 0 | $0 | |
Helen L Kim Director | 0 | $0 | |
David S Kim Director | 0 | $0 | |
Thomas I Hara Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,147 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $423,277 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,817 |
| Total Revenue | $448,241 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,587 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,537 |
| Contributions, gifts, grants paid | $69,512 |
| Total expenses and disbursements | $86,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $272,144 |
| 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 | $1,574,141 |
| 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, Uti Foundation Inc has awarded $69,512 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SCRIPPS HEALTH PURPOSE: GENERAL | $27,500 |
REDEEMER PRESBYTERIAN CHURCH PURPOSE: GENERAL | $20,399 |
La Jolla, CA PURPOSE: GENERAL | $10,000 |
HOPE FOR SAN DIEGO PURPOSE: GENERAL | $5,113 |
Escondido, CA PURPOSE: GENERAL | $5,000 |
Los Angeles, CA PURPOSE: GENERAL | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Land O L Foundation St Paul, MN | $1,405,792 | $8,007,013 |
Bridging Incorporated Bloomington, MN | $8,455,401 | $8,965,404 |
Opportunities Unlimited Sioux City, IA | $5,084,189 | $7,147,348 |
Tieszen Memorial Home Inc Marion, SD | $6,223,545 | $5,748,727 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Internet Security Research Group Minneapolis, MN | $6,123,679 | $6,560,425 |
Central Minnesota Housing Partnership Inc St Augusta, MN | $21,605,447 | $4,430,262 |
John & Denise Graves Foundation Minneapolis, MN | $54,924,760 | $867,412 |
Chs Foundation Inver Grove Heights, MN | $40,013,370 | $7,074,214 |
John R And Zelda Z Grubb Charitable Foundation Urbandale, IA | $12,465,569 | $3,157,752 |
Listen Love Is Sharing The Exceptional Needs Grand Forks, ND | $8,781,410 | $3,741,510 |
Breakwater Health Network Duluth, MN | $640,816 | $1,971,597 |