Utah Journalism Foundation
- Assets
- $5.2m
- Revenue
- $475.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-4397253
Organization Overview
Utah Journalism Foundation is located in Salt Lake City, UT. The organization was established in 2019. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Journalism 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 12/2021, Utah Journalism Foundation generated $475.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (39.4%) each year. All expenses for the organization totaled $46.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE THAT THE PEOPLE OF UTAH CONTINUE TO BE INFORMED, ENGAGED, AND EMPOWERED BY LOCAL, INDEPENDENT WATCHDOG JOURNALISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UTAH JOURNALISM FOUNDATION IDENTIFIES AND PROVIDES GRANTS TO NONPROFIT ORGANIZATIONS AND PROJECTS WHICH STRENGTHEN THE CAPACITY OF INDEPENDENT LOCAL NEWS ORGANIZATIONS TO REACH BROAD, DIVERSE AUDIENCES. OUR GRANTMAKING WILL BEGIN WHEN THE ENDOWMENT REACHES 20 MILLION. THROUGH GRANTS, THE FOUNDATION WILL IDENTIFY AND SUPPORT: EDITORIAL PROJECTS WHICH INFORM THE RESIDENTS OF UTAH OF CRITICAL ISSUES THEY WOULD NOT OTHERWISE BE AWARE OF; THE PRODUCTION OF CONTENT THAT WOULD NOT OTHERWISE GENERATE SUFFICIENT REVENUES FROM TRADITIONAL SOURCES SUCH AS ADVERTISING AND SUBSCRIPTIONS TO JUSTIFY ITS PRODUCTION, YET PROVIDES GREAT BENEFIT TO SOCIETY; THE LONG-TERM SUSTAINABILITY OF THE STATES FLAGSHIP DAILY, THE SALT LAKE TRIBUNE; EFFORTS TO IDENTIFY AND SUPPORT THE NEXT GENERATION OF JOURNALISTS, ESPECIALLY THOSE FROM DIVERSE AND UNDERREPRESENTED COMMUNITIES, THROUGH SCHOLARSHIPS; AND COMMUNITY ENGAGEMENT AND EDUCATION EFFORTS OF LOCAL NEWS ORGANIZATIONS, ESPECIALLY THOSE TARGETING THE DIVERSE RESIDENTS AND REGIONS OF UTAH. IN ALL THAT WE DO, THE UTAH JOURNALISM FOUNDATION ENDEAVORS TO ENSURE THAT INDEPENDENT AND LOCAL JOURNALISM SURVIVES AND THRIVES AT A TIME WHEN OUR SOCIETY AND DEMOCRACY NEED IT MOST.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul C Huntsman President | OfficerTrustee | 4 | $0 |
Fred Esplin Secretary | OfficerTrustee | 2 | $0 |
Linda Daines Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $84,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $391,402 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $475,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $850 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,013 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $46,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,135,149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,220,699 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $5,220,699 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,220,699 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Utah Journalism Foundation has recieved totaling $3,333,300.
| Awarding Organization | Amount |
|---|---|
Jon And Karen Huntsman Foundation Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $3,333,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indij Public Media Phoenix, AZ | $636,759 | $2,879,703 |
Nevada Broadcasters Assoc Las Vegas, NV | $3,926,007 | $2,013,994 |
Rocky Mountain Student Media Corporation Fort Collins, CO | $813,108 | $1,442,910 |
Health Industry Business Phoenix, AZ | $17,700,815 | $3,199,699 |
Council Of Graduate Programs In Communication Sciences And Disorde Indian Hills, CO | $2,144,820 | $1,313,655 |
Content Delivery And Storage Association Boise, ID | $243,913 | $587,098 |
Western Inspirational Broadcasters Inc Carson City, NV | $1,032,506 | $995,724 |
Foundation For Creative Broadcasting Inc Tucson, AZ | $1,222,600 | $1,154,421 |
Greeting Card Association Aurora, CO | $487,040 | $1,005,397 |
Books To Life Centennial, CO | $256,795 | $1,093,707 |
Arizona Broadcasters Association Phoenix, AZ | $1,785,607 | $1,199,436 |
New Mexico Broadcasters Association Albuquerque, NM | $858,591 | $676,786 |