Broadbent Family Foundation
- Assets
- $3.5m
- Revenue
- $120.2k
- Investments
- $3.5m
- Employees
- 0
- Location
- Logan, UT
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 61-1580661
Organization Overview
Broadbent Family Foundation is located in Logan, UT. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadbent 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, Broadbent Family Foundation generated $120.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $167.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Broadbent Family Foundation has awarded 30 individual grants totaling $810,685. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION OF FUNDS TO OTHER IRC SECTION 501(C)(3) PUBLIC CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clay Broadbent Director | 1 | $0 | |
Lisa Broadbent Board Member | 1 | $0 | |
Clint Broadbent Board Member | 1 | $0 | |
Abby Broadbent Board Member | 1 | $0 | |
Mark Saltern Board Member | 1 | $0 | |
Ashlee Saltern Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $928 |
| Dividends & Interest | $75,421 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,334 |
| Capital Gain Net Income | $42,334 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,474 |
| Total Revenue | $120,157 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,246 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,755 |
| Total operating and administrative expenses | $29,904 |
| Contributions, gifts, grants paid | $138,000 |
| Total expenses and disbursements | $167,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $3,510,839 |
| 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 | $802,429 |
| Total liabilities | $802,429 |
Grants Awarded
Over the last fiscal year, Broadbent Family Foundation has awarded $138,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CACHE VALLEY FOR HOPE PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $33,000 |
FRIENDS OF THE COALITION PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $55,000 |
LEE'S CARES FOUNDATION PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $5,000 |
CACHE COMMUNITY FOOD PANTRY PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $40,000 |
NONPROFIT LEGAL SERVICES OF UTAH INC PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $5,000 |