Colonial Flag Foundation
- Assets
- $35.2k
- Revenue
- $498.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Sandy, UT
- Founding
- 08/2005
- Data as of
- 12/2022
- EIN
- 47-0926217
Organization Overview
Colonial Flag Foundation is located in Sandy, UT. The organization was established in 2005. According to its NTEE Classification (V19) the organization is classified as: Support N.E.C., under the broad grouping of Social Science and related organizations. As of 12/2022, Colonial Flag Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colonial Flag 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 12/2022, Colonial Flag Foundation generated $498.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $550.3k during the year ending 12/2022. While expenses have increased by 14.6% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING EDUCATION ABOUT FLAGS PROVIDING CHARITABLE ACTIVITIES RELATED TO THE VALUES SYMBOLIZED BY STATE AND NATIONAL FLAGS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSTED MORE THAN 1,000 FIELDS DISPLAYING OVER 90,000 FLAGS TO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Swenson | OfficerTrustee | 5 | $0 |
Elizabeth Swenson | Trustee | 1 | $0 |
Joseph Kerry | Trustee | 1 | $0 |
Matthew Hufford | Trustee | 1 | $0 |
Gordy Ewell | Trustee | 1 | $0 |
Valerie Kelly | Trustee | 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 | $56,406 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,406 |
| Total Program Service Revenue | $442,069 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $498,475 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $56,406 |
| 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. | $82,763 |
| Compensation of current officers, directors, key employees. | $8,276 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,186 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,152 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,153 |
| Office expenses | $187 |
| Information technology | $4,459 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $550,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,517 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $1,468 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,180 |
| Other assets | $0 |
| Total assets | $35,165 |
| Accounts payable and accrued expenses | $237,826 |
| 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 | $5,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $242,826 |
| Net assets without donor restrictions | $0 |
| 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 | $300,000 |
| Retained earnings, endowment, accumulated income, or other funds | -$507,661 |
| Total liabilities and net assets/fund balances | $35,165 |
Grants Awarded
Over the last fiscal year, Colonial Flag Foundation has awarded $0 in support to 12 organizations.
| Grant Recipient | Amount |
|---|
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buck Institute For Research On Aging Novato, CA | $142,592,130 | $58,082,777 |
Sphere Institute Burlingame, CA | $24,244,381 | $45,503,791 |
Rsf Social Finance Inc San Francisco, CA | $128,983,791 | $35,449,259 |
Esalen Institute Big Sur, CA | $68,109,549 | $22,705,682 |
The Narbha Institute Flagstaff, AZ | $74,468,814 | $16,545,896 |
Memorial Hermann Community Benefit Corporation Houston, TX | $14,251,115 | $15,435,206 |
Laureate Institute For Brain Research Inc Tulsa, OK | $24,497,837 | $16,100,346 |
Out & Equal Oakland, CA | $13,310,472 | $11,965,810 |
Center For Applied Research Solutions Inc Santa Rosa, CA | $7,385,878 | $11,332,378 |