Ronald K And Sherrie A Labrum Foundation
- Assets
- $732.3k
- Revenue
- $207.1k
- Investments
- $418.4k
- Employees
- 0
- Location
- Bountiful, UT
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-4293815
Organization Overview
Ronald K And Sherrie A Labrum Foundation is located in Bountiful, UT. The organization was established in 2019. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Ronald K And Sherrie A Labrum 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, Ronald K And Sherrie A Labrum Foundation generated $207.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.4% each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald K Labrum Director | 0 | $0 | |
Brandon Labrum Director | 0 | $0 | |
Brittany Christensen Director | 0 | $0 | |
Tyler Labrum Director | 0 | $0 | |
Todd Labrum Director | 0 | $0 | |
Zachary Labrum Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $864 |
| Dividends & Interest | $6,252 |
| 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 | $207,116 |
| 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 | $5,458 |
| Total operating and administrative expenses | $5,458 |
| Contributions, gifts, grants paid | $620,000 |
| Total expenses and disbursements | $625,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $313,935 |
| 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 | $250,994 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $732,315 |
| 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 | $4,325 |
| Total liabilities | $4,325 |
Grants Awarded
Over the last fiscal year, Ronald K And Sherrie A Labrum Foundation has awarded $620,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF JESUS CHRIST LATTER DAY PURPOSE: CHARITABLE | $520,000 |
CENTER FOR GROWTH & OPP UTAH STATE PURPOSE: CHARITABLE | $100,000 |