Marshall Gates Foundation
- Assets
- $9.9m
- Revenue
- $113.1k
- Investments
- $8.6m
- Employees
- 0
- Location
- Sandy, UT
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 77-0623253
Organization Overview
Marshall Gates Foundation is located in Sandy, UT. The organization was established in 2007. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshall Gates 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, Marshall Gates Foundation generated $113.1k 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 (9.4%) each year. All expenses for the organization totaled $887.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND MAINTAIN BASEBALL COMPLEX
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin P Gates Trustee | 5 | $0 | |
Chad Shepherd Trustee | 5 | $96,667 | |
Robert M Taylor Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,745 |
| Interest on Savings | $0 |
| Dividends & Interest | $90,200 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,171 |
| Capital Gain Net Income | $17,171 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $113,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $96,667 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,249 |
| Depreciation | $72,102 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $339,901 |
| Printing and publications | $1,531 |
| Other expenses | $350,239 |
| Total operating and administrative expenses | $887,080 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $887,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $575,059 |
| 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 | $343 |
| 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 | $743,618 |
| Other assets | $0 |
| Total assets | $9,905,667 |
| Accounts payable and accrued expenses | $5,408 |
| 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 | $5,408 |