Utopia Foundation Inc
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 38
- Location
- Traverse City, MI
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 52-2392335
Organization Overview
Utopia Foundation Inc is located in Traverse City, MI. The organization was established in 2009. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Utopia Foundation Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utopia 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 12/2022, Utopia Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 12.7% per year over the past 7 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.
Since 2014, Utopia Foundation Inc has awarded 19 individual grants totaling $518,745. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP CREATE A WORLD WHERE COMMUNITIES THRIVE AND EVERY PERSON GOES TO BED FEELING NOURISHED, LOVED, HAPPY AND HOPEFUL ABOUT TOMORROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ASSISTANCE FOR LIVELIHOOD/ECONOMIC DEVELOPMENT AND SOCIETY ACTIVITIES THROUGH BUSINESS DEVELOPMENT PROGRAMS ADDRESSING THE NEEDS OF LOW INCOME FAMILIES IN NORTHWEST MICHIGAN AND DEVELOPING NATIONS. THE FOUNDATION PROVIDED 64 GRANTS TO VARIOUS ORGANIZATIONS. THE TWO LARGEST GRANTS WERE FOR THE DREAMCATCHERS FOUNDATION AND ENJUBA SPELLING BEE.
PROVIDE ASSISTANCE FOR LIVELIHOOD AND SOCIETY ACTIVITIES THROUGH HEALTH PROGRAMS TO DEVELOP HEALTHY AND ETHICAL WAYS OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Sutherland Chairman | OfficerTrustee | 2 | $0 |
Alison Arnold President | OfficerTrustee | 2 | $0 |
Lisa New Member | Trustee | 2 | $0 |
Sara Harding Treasurer | OfficerTrustee | 2 | $0 |
Karla Cordero Member | Trustee | 2 | $0 |
Nomvula Buthelezi Member | Trustee | 2 | $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 | $1,173,825 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,173,825 |
| Total Program Service Revenue | $330,021 |
| Investment income | $1,158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,322 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,492,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,500 |
| Grants and other assistance to domestic individuals. | $120 |
| Grants and other assistance to Foreign Orgs/Individuals | $830,599 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,112 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,576 |
| Payroll taxes | $18,543 |
| Fees for services: Management | $40,617 |
| Fees for services: Legal | $0 |
| 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 | $165,062 |
| Advertising and promotion | $21,881 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,806 |
| Travel | $8,762 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,424 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,879 |
| Insurance | $5,770 |
| All other expenses | $13,816 |
| Total functional expenses | $1,636,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $315,314 |
| Savings and temporary cash investments | $10,684 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $50,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $296,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $416,253 |
| Other assets | $506,743 |
| Total assets | $1,595,893 |
| Accounts payable and accrued expenses | $11,722 |
| Grants payable | $0 |
| Deferred revenue | $46,448 |
| 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 | $191,145 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $515,607 |
| Total liabilities | $764,922 |
| Net assets without donor restrictions | $558,346 |
| Net assets with donor restrictions | $272,625 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,595,893 |
Grants Awarded
Over the last fiscal year, Utopia Foundation Inc has awarded $22,984 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PEACE BUILDERS CLUBS PURPOSE: THE YP CONSULTING TEAM HELPS DEVELOP MORE EFFECTIVE CHILD AND YOUTH PEACEBUILDING FOCUSED PARTNERSHIPS, RESEARCH, PROJECTS, AND PRODUCTS. WE SERVE OTHERS AS CONSULTANTS AND WE DEVELOP OUR OWN PROJECTS. | $17,106 |
SEARCH INSIDE YOURSELF PURPOSE: TO BRING TOGETHER THOUGHT AND COMMUNITY MEMBERS FOR A SCIENTIFIC AND MINDFUL APPROACH TOWARD LEADERSHIP. | $5,878 |