Aspen Magdalene House Inc
- Assets
- $810.5k
- Revenue
- $673.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 01/2020
- Data as of
- 12/2023
- EIN
- 83-4650145
Organization Overview
Aspen Magdalene House Inc is located in Salt Lake City, UT. The organization was established in 2020. According to its NTEE Classification (P62) the organization is classified as: Victims Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspen Magdalene House Inc 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 12/2023, Aspen Magdalene House Inc generated $673.6k in total revenue. All expenses for the organization totaled $82.2k during the year ending 12/2023. While expenses have increased by 118.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE OF PROPERTY HELD IN ESCROW TO HOUSE AND SERVE VICTIMS AND SURVIVORS OF HUMAN TRAFFICKING AND SEXUAL EXPLOITATION BY PROVIDING A HOMELIKE RESIDENCE TO EMPOWER WOMEN
WEBSITE CREATION AND MAINTENANCE USED TO INFORM PUBLIC OF THE ORGANIZATIONS SERVICES
PRINTING USED TO DISTRIBUTE INFORMATION TO POTENTIAL DONORS, AND TO THANK CURRENT DONORS FOR THEIR CONTRIBUTIONS
FUNDRAISING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Atkinson Coboard Chair | 0.5 | $0 | |
Lezlee Jensen Treasurer | 6 | $0 | |
Jana Christiansen Cochair | 8 | $0 | |
Terry Palmer Cochair | 2 | $0 | |
Adrianne Egan Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $672,979 |
| 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 | $584 |
| Total Revenue | $673,563 |
| 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 | $410 |
| Other expenses | $3,233 |
| Total operating and administrative expenses | $6,162 |
| Contributions, gifts, grants paid | $76,000 |
| Total expenses and disbursements | $82,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $787,819 |
| Savings and temporary cash investments | $20,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,729 |
| Other assets | $0 |
| Total assets | $810,548 |
| Accounts payable and accrued expenses | $4,265 |
| 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 | $4,265 |
Grants Awarded
Over the last fiscal year, Aspen Magdalene House Inc has awarded $76,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PATHWAYS GROUP PURPOSE: FOUNDATION'S PLANNING -- SHELTER AND COUNSELING PLANNING | $56,000 |
NONE PURPOSE: ESCROW TO HOLD ASSET FOR PURCHASE JAN 2024 | $20,000 |