Provo Foundation
- Assets
- $3.2m
- Revenue
- $356.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Provo, UT
- Founding
- 07/1989
- Data as of
- 06/2021
- EIN
- 74-2530255
Organization Overview
Provo Foundation is located in Provo, UT. The organization was established in 1989. According to its NTEE Classification (T30) the organization is classified as: Public 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. Provo 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 06/2021, Provo Foundation generated $356.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $175.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE BROAD PUBLIC SUPPORT AND INTERACTION IN ARTS, PUBLIC SERVICES, HEALTH AND WELFARE, AND EDUCATION IN PROVO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR CITY PARKS
TO PROMOTE COMMUNITY HEALTH AND AWARENESS
TO PROVIDE SUPPORT FOR LIBRARY
COMMUNITY PROJECTS IN PROVO TO ENCOURAGE ARTS,PUBLIC SERVICES, AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isaac Paxman Vice President | OfficerTrustee | 1 | $0 |
David Sewell Board Vice Chair | OfficerTrustee | 1 | $0 |
Michelle Kafusi President | OfficerTrustee | 1 | $0 |
Dan Follett Vice Treasurer | Officer | 1 | $0 |
John Borget Treasurer | Officer | 1 | $0 |
Kaye Neves Secretary | Officer | 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 | $330,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,047 |
| Total Program Service Revenue | $0 |
| Investment income | $26,740 |
| 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 | $356,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,155 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $173,849 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $175,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,371,041 |
| 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 | $0 |
| Investments—publicly traded securities | $1,855,333 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,226,374 |
| Accounts payable and accrued expenses | $3,745 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,745 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,222,629 |
| Total liabilities and net assets/fund balances | $3,226,374 |
Grants Awarded
Over the last fiscal year, Provo Foundation has awarded $222,539 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PROVO CITY PURPOSE: FUNDING FOR REC CENTER | $177,356 |
PROVO CITY LIBRARY PURPOSE: GENERAL ASSISTANCE | $45,183 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Provo Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Wadsworth Golf Charities Foundation Plainfield, IL PURPOSE: TO FURTHER THE FOUNDATION'S EXEMPT PURPOSES. | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
Peopleforbikes Foundation Boulder, CO | $3,836,789 | $4,747,548 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Colorado Springs Health Foundation Colorado Springs, CO | $192,761,783 | $20,158,263 |
Community Clinics At Mrh Craig, CO | $2,546,314 | $4,871,469 |
Park City Community Foundation Park City, UT | $23,921,888 | $11,932,031 |
Cnm Ingenuity Incoproration Albuquerque, NM | $23,986,328 | $5,524,320 |
Pi Foundation Inc Salt Lake City, UT | $42,544,136 | $12,945,919 |
Sun Angel Foundation Inc Tempe, AZ | $37,255,454 | $9,354,798 |
Thunderbirds Charities Phoenix, AZ | $6,399,663 | $6,410,602 |
Yeshiva Of Phoenix Phoenix, AZ | $4,803,605 | $7,122,946 |
The Summit Foundation Breckenridge, CO | $22,333,564 | $6,446,939 |