Paul T Walton Jr Charitable Foundation
- Assets
- $7.0m
- Revenue
- $225.2k
- Investments
- $6.7m
- Employees
- 0
- Location
- Cottonwood Heights, UT
- Founding
- 07/2016
- Data as of
- 12/2020
- EIN
- 81-2645760
Organization Overview
Paul T Walton Jr Charitable Foundation is located in Cottonwood Heights, UT. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Paul T Walton Jr Charitable 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 12/2020, Paul T Walton Jr Charitable Foundation generated $225.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (56.2%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart B Matheson Executive Di | 1 | $2,433 | |
Jeremy Nielson Admin. Comm. | 0.25 | $0 | |
Nancy L Greenlee Admin. Comm. | 0.25 | $0 | |
Laurel Cannon Alder Admin. Comm. | 0.25 | $0 | |
Name Not Listed Trust Office | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $69,464 |
| Interest on Savings | $1,194 |
| Dividends & Interest | $99,210 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,308 |
| Capital Gain Net Income | $55,308 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $225,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,433 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $186 |
| Interest | $0 |
| Taxes | $4,244 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,144 |
| Total operating and administrative expenses | $44,381 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $44,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $280,203 |
| 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 | $949 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,975,130 |
| 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, Paul T Walton Jr Charitable Foundation has awarded $570,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Ivins, UT PURPOSE: EDUCATIONAL AND ARTISTIC PROGRAMS | $285,000 |
Ivins, UT PURPOSE: EDUCATIONAL AND ARTISTIC PROGRAMS | $285,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
The Dixie And Anne Leavitt Foundation Cedar City, UT | $52,405,557 | $11,398,374 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |
Merle Chambers Fund Denver, CO | $66,462,880 | $7,349,081 |
Gods Light In The Darkness Foundation Carlbad, NM | $31,530,012 | $790,978 |
Scott W And Betsy D Thornton Family Foundation Park City, UT | $4,627,448 | $2,183,609 |
Eugene V And Clare Thaw Charitable Trust Santa Fe, NM | $97,006,761 | $1,880,279 |
Maffei Foundation Denver, CO | $13,828,182 | $18,020,171 |
The Forsberg Charitable Foundation Scottsdale, AZ | $0 | $451,521 |
The Denver Health And Hospitals Foundation Denver, CO | $28,533,635 | $6,042,640 |