Sorenson Legacy Foundation
- Assets
- $0.0
- Revenue
- $55.4m
- Investments
- $491.7m
- Employees
- 0
- Location
- Midvale, UT
- Founding
- 10/2011
- Data as of
- 12/2021
- EIN
- 45-3240491
Organization Overview
Sorenson Legacy Foundation is located in Midvale, UT. The organization was established in 2011. 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. Sorenson Legacy 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, Sorenson Legacy Foundation generated $55.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $28.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sorenson Legacy Foundation has awarded 1,856 individual grants totaling $160,024,500. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Crocker Director | 4 | $60,500 | |
Gary Crocker Director | 4 | $67,500 | |
Christine Harris Director | 3 | $78,500 | |
Dale Harris Director | 5 | $81,500 | |
Shauna Johnson Director | 5 | $69,500 | |
Ralph Johnson Director | 6 | $82,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sepio Capital Llc | 12/30/22 | $707,166 |
Sdi Residual Assets Llc | 12/30/22 | $440,000 |
Eagle Capital Management Llc | 12/30/22 | $217,751 |
Pacific Ridge Capital | 12/30/22 | $213,064 |
Atlanta Capital Management Company Llc | 12/30/22 | $100,779 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,248,328 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,764,239 |
| Total Revenue | $55,397,576 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $630,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $4,813 |
| Total operating and administrative expenses | $3,571,623 |
| Contributions, gifts, grants paid | $24,479,736 |
| Total expenses and disbursements | $28,051,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,278 |
| Investments—mortgage loans | $0 |
| Investments—other | $60,233,190 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sorenson Legacy Foundation has awarded $25,046,811 in support to 329 organizations.
| Grant Recipient | Amount |
|---|---|
A SOLDIERS HOME PURPOSE: GENERAL CHARITABLE PURPOSES | $15,000 |
ABILITY FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $15,000 |
ABOUT LOVE AND LANGUAGE PURPOSE: GENERAL CHARITABLE PURPOSES | $5,324 |
ADOPT-A-NATIVE-ELDER PURPOSE: GENERAL CHARITABLE PURPOSES | $15,000 |
ALANO CLUB OF SALT LAKE CITY PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
ALLIANCE HOUSE PURPOSE: GENERAL CHARITABLE PURPOSES | $40,000 |