Deseret First Charitable Foundation
- Assets
- $248.6k
- Revenue
- $110.6k
- Investments
- $0.0
- Employees
- 0
- Location
- W Valley City, UT
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-5610668
Organization Overview
Deseret First Charitable Foundation is located in W Valley City, UT. The organization was established in 2016. 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. Deseret First Charitable 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, Deseret First Charitable Foundation generated $110.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $40.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEOPLE DONATE PAY TO PLAY IN THE GOLF TOURNAMENT. THE EXCESS REVENUE MADE OVER THE EXPENSES TO PAY FOR THE EVENT IS USED TO PROVIDE SHOES CLOTHING AND LUGGAGE TO MORMON MISSIONARIES IN NEED.
PROVIDING SHOES CLOTHING AND LUGGAGE FOR MISSIONARIES OF THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trena Anderson CEO & President | 2 | $0 | |
Derrick Peterson Treasurer | 1 | $0 | |
Shane London Board Member | 1 | $0 | |
Mike Warner Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,911 |
| Interest on Savings | $113 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $77,570 |
| Total Revenue | $110,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,114 |
| Total operating and administrative expenses | $22,114 |
| Contributions, gifts, grants paid | $17,962 |
| Total expenses and disbursements | $40,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,591 |
| Savings and temporary cash investments | $0 |
| 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 | $248,591 |
| 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, Deseret First Charitable Foundation has awarded $17,962 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
RYAN HUBRICH PURPOSE: FOR CLOTHES SHOES OR LUGGAGE FOR FULL-TIME MORMON MISSIONARIES | $1,000 |
ADELAIDE ANDOH PURPOSE: FOR CLOTHES SHOES OR LUGGAGE FOR FULL-TIME MORMON MISSIONARIES | $924 |
ZENITA ANDOH PURPOSE: FOR CLOTHES SHOES OR LUGGAGE FOR FULL-TIME MORMON MISSIONARIES | $750 |
BRUCE PAHULU PURPOSE: FOR CLOTHES SHOES OR LUGGAGE FOR FULL-TIME MORMON MISSIONARIES | $500 |
GUSTAVO DIAS SILVA PURPOSE: FOR CLOTHES SHOES OR LUGGAGE FOR FULL-TIME MORMON MISSIONARIES | $500 |
PEDRO FONSECA PURPOSE: FOR CLOTHES SHOES OR LUGGAGE FOR FULL-TIME MORMON MISSIONARIES | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
The Dixie And Anne Leavitt Foundation Cedar City, UT | $52,405,557 | $11,398,374 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |
Merle Chambers Fund Denver, CO | $66,462,880 | $7,349,081 |
Gods Light In The Darkness Foundation Carlbad, NM | $31,530,012 | $790,978 |
Scott W And Betsy D Thornton Family Foundation Park City, UT | $4,627,448 | $2,183,609 |
Eugene V And Clare Thaw Charitable Trust Santa Fe, NM | $97,006,761 | $1,880,279 |
Maffei Foundation Denver, CO | $13,828,182 | $18,020,171 |
The Forsberg Charitable Foundation Scottsdale, AZ | $0 | $451,521 |
The Denver Health And Hospitals Foundation Denver, CO | $28,533,635 | $6,042,640 |