Garn Family Foundation
- Assets
- $833.0
- Revenue
- $457.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Layton, UT
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 47-5636319
Organization Overview
Garn Family Foundation is located in Layton, UT. The organization was established in 2016. 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. Garn Family 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, Garn Family Foundation generated $457.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 61.3% each year . All expenses for the organization totaled $460.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Garn Family Foundation has awarded 29 individual grants totaling $1,087,094. 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 |
|---|---|---|---|
Kevin S Garn Trustee | 0.5 | $0 | |
Tanya Garn Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $457,500 |
| Interest on Savings | $0 |
| 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 | $0 |
| Total Revenue | $457,500 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $460,398 |
| Total expenses and disbursements | $460,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $833 |
| 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 | $833 |
| 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, Garn Family Foundation has awarded $460,398 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DAVIS ARTS COUNCIL INC PURPOSE: FUNDING THE ARTS | $10,000 |
DAVIS EDUCATION FOUNDATION PURPOSE: FUND EDUCATION PROGRAMS | $10,000 |
SAFE HARBOR CRISIS CENTER PURPOSE: ASSIST WITH GENERAL EXPENSES FOR OPERATING THE SHELTER | $260,000 |
MATTHEW AND ERIN READ PURPOSE: ASSIST WITH MEDICAL EXPENSES FOR DAUGHTER | $10,398 |
UNSHELTERED UTAH PURPOSE: CREATING PERMANENT HOUSING SOLUTIONS | $45,000 |
WASATCH COMMUNITY GARDENS PURPOSE: ENPOWERING PEOPLE TO GROW AND EAT HEALTHY, ORGANIC, LOCAL FOOD. | $20,000 |