Fundet Foundation Inc
- Assets
- $86.6m
- Revenue
- $0.0
- Investments
- $250.0k
- Employees
- 0
- Location
- Millcreed, UT
- Founding
- 09/2003
- Data as of
- 12/2023
- EIN
- 81-0598756
Organization Overview
Fundet Foundation Inc is located in Millcreed, UT. The organization was established in 2003. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fundet 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL TRADE SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Craddock Secretary | 0 | $0 | |
Hector Cando Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $101,396 |
| Pension plans, employee benefits | $0 |
| Interest | $7,508 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,322 |
| Printing and publications | $0 |
| Other expenses | $3,202,845 |
| Total operating and administrative expenses | $3,372,153 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,372,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $86,331,695 |
| 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 | $250,000 |
| Net Land, buildings, and equipment | $42,992 |
| Other assets | $0 |
| Total assets | $86,624,687 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fundet Foundation Inc has awarded $1,029,820 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE CHURCH OF JESUS CHRIST OF LDS PURPOSE: CHARATABLE RELIGIOUS DONATIONS | $1,019,890 |
LDS FAMILY SERVICES PURPOSE: FAMILY COUNSELING SRVICES | $270 |
BOYSCOUTS OF AMERICA PURPOSE: YOUTH SUPPORT AND EDUCATION | $1,000 |
SALT AND LIGHT COUNSIL PURPOSE: CHARITABLE GIVING | $480 |
SOUTHERN VIRGINIA UNIVERSITY PURPOSE: EDUCATION | $5,500 |
HUMANA PEOPLE TO PELPLE PURPOSE: CHARITABLE GIVING | $150 |