Wcf Foundation
- Assets
- $7.4m
- Revenue
- $2.0m
- Investments
- $3.6m
- Employees
- 0
- Location
- Sandy, UT
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-2893553
Organization Overview
Wcf Foundation is located in Sandy, UT. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Wcf 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, Wcf Foundation generated $2.0m 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 (5.4%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wcf Foundation has awarded 209 individual grants totaling $6,526,056. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Pickup Director | 0 | $0 | |
Scott Westra Treasurer | 0 | $0 | |
Dallas Bradford Director | 0 | $0 | |
Lane Summerhays Director | 0 | $0 | |
Ryan Andrus Secretary | 0 | $0 | |
Matt Lyon CEO And President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $15,711 |
| Dividends & Interest | $29,414 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $1,000,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,045,125 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,650 |
| Total operating and administrative expenses | $3,650 |
| Contributions, gifts, grants paid | $1,690,737 |
| Total expenses and disbursements | $1,694,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,802,469 |
| 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 | $3,568,354 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,370,823 |
| 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, Wcf Foundation has awarded $1,690,737 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF SALT LAKE PURPOSE: TO IMPROVE POVERTY, POOR HEALTH AND EDUCATIONAL ACHIEVEMENT | $60,000 |
UPLIFT UTAH FAMILIES FOUNDATION PURPOSE: STRENGTHEN PARENT/CHILD RELATIONSHIPS, PROVIDE TOOLS AND RESOURCES THAT IMPROVE PARENTING SKILLS, AND HELP CHILDREN MAKE SAFE AND HEALTHY CHOICES | $25,000 |
JUVENILE DIABETES RESEARCH FOUNDATION PURPOSE: FIND A TYPE 1 DIABETES CURE PLUS COMPANY MATCH OF EMPLOYEE CONTRIBUTIONS | $50,000 |
KOSTOPULOS DREAM FOUNDATION PURPOSE: CAMP K SUPPORT DONATION | $25,000 |
FAMILY PROMISE OF OGDEN PURPOSE: SHELTER, SAFETY, AND SUSTENANCE TO FAMILIES SEARCHING FOR WORK AND HOUSING | $10,000 |
CHABAD LUBAVITCH OF UTAH PURPOSE: SUPPORT PROJECT H.E.A.R.T, A YOUTH OUTREACH PROGRAM. | $25,000 |