Park City Education Foundation
- Assets
- $6.8m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Park City, UT
- Founding
- 03/1991
- Data as of
- 06/2022
- EIN
- 74-2552454
Organization Overview
Park City Education Foundation is located in Park City, UT. The organization was established in 1991. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park City Education 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 06/2022, Park City Education Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 8.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PCEF'S MISSION IS TO RAISE CAPITAL TO SUPPORT HIGH-IMPACT PROGRAMS THAT ADVANCE STUDENT ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED PROGRAMS AFOR STUDENTS K-12 WITH IN PARK CITY SCHOOL DISTRICT AS WELL AS LIMITED NUMBER OF FIRST YEAR COLLEGE SCHOLARSHIPS FOR PARK CITY HIGH SCHOOL GRADUATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Zarkos Member | Trustee | 1 | $0 |
Andrew Caplan Member | Trustee | 1 | $0 |
Ben Rifkin Member | Trustee | 1 | $0 |
Beth Cummings Member | Trustee | 1 | $0 |
Cathy Lanigan Member | Trustee | 1 | $0 |
Chris Neff Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $65,000 |
| Membership dues | $0 |
| Fundraising events | $178,758 |
| Related organizations | $180,859 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,271,141 |
| Noncash contributions included in lines 1a–1f | $266,293 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,695,758 |
| Total Program Service Revenue | $0 |
| Investment income | $32,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $829,805 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,557,591 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $921,750 |
| Grants and other assistance to domestic individuals. | $169,712 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,050 |
| Compensation of current officers, directors, key employees. | $58,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $357,233 |
| Pension plan accruals and contributions | $86,384 |
| Other employee benefits | $82,837 |
| Payroll taxes | $27,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,713 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $261,548 |
| Advertising and promotion | $58,358 |
| Office expenses | $220,307 |
| Information technology | $15,314 |
| Royalties | $0 |
| Occupancy | $31,463 |
| Travel | $24,797 |
| 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 | $2,944 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,660,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,500,917 |
| Pledges and grants receivable | $2,440,891 |
| 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 | $32,595 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,829,855 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,804,258 |
| Accounts payable and accrued expenses | $233,868 |
| Grants payable | $0 |
| Deferred revenue | $2,330,091 |
| 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 | $387,702 |
| Total liabilities | $2,951,661 |
| Net assets without donor restrictions | $2,056,800 |
| Net assets with donor restrictions | $1,795,797 |
| 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 | $6,804,258 |