Miracle Of Agriculture Foundation
- Assets
- $60.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Sandy, UT
- Founding
- Data as of
- 10/2021
- EIN
- 85-1010363
Organization Overview
Miracle Of Agriculture Foundation is located in Sandy, UT. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Miracle Of Agriculture 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 10/2021, Miracle Of Agriculture Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $1.3m during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 2 years. 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 PROVIDE FOR FAMILIES IN NEED THROUGH THE DONATION OF GOODS PURCHASED FROM FARMERS AND THE AGRICULTURAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIRACLE OF AGRICULTURE FOUNDATION PROCESSED AND DELIVERED BEEF TO VARIOUS AREAS OF UTAH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clayton Beckstead VP Of Miracle Of Agriculture | Officer | 40 | $99,019 |
Dale Newton Treasurer/ceo | OfficerTrustee | 2 | $0 |
Rex Larson Vice President | OfficerTrustee | 2 | $0 |
Ron Gibson President | OfficerTrustee | 20 | $0 |
Rob Smith Director | Trustee | 2 | $0 |
Tyson Roberts Director | Trustee | 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 | $1,100,758 |
| Noncash contributions included in lines 1a–1f | $841,668 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,100,758 |
| Total Program Service Revenue | $0 |
| Investment income | $33 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,100,791 |
| 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 | $109,235 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,845 |
| Advertising and promotion | $15,759 |
| Office expenses | $3,573 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $43,703 |
| 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 | $856 |
| Insurance | $750 |
| All other expenses | $0 |
| Total functional expenses | $1,262,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,115 |
| 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 | $3,363 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,478 |
| Accounts payable and accrued expenses | $154,200 |
| 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 | $154,200 |
| Net assets without donor restrictions | $0 |
| 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 | -$93,722 |
| Total liabilities and net assets/fund balances | $60,478 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Miracle Of Agriculture Foundation has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Colemere Foundation Inc Provo, UT PURPOSE: GENERAL | $2,000 |
Douglas J And Geneva H Fife Foundation Brigham City, UT PURPOSE: UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nevada H A N D Inc Las Vegas, NV | $77,122,058 | $13,558,861 |
John P Ellbogen Foundation Laramie, WY | $46,423,424 | $5,451,826 |
Caring For Colorado Centennial Fund Denver, CO | $31,808,788 | $10,829,484 |
Barton Institute For Community Action Denver, CO | $34,619,921 | $16,322,072 |
Forever Young Foundation Bountiful, UT | $7,150,368 | $5,097,036 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
Gilcrease Orchard Foundation Las Vegas, NV | $14,594,818 | $3,005,539 |
Clarendon Foundation Sandy, UT | $9,714,248 | $1,864,583 |
Arizona School Choice Trust Inc Chandler, AZ | $1,968,579 | $1,563,755 |
Colorado State Patrol Family Foundation Lakewood, CO | $3,544,334 | $2,358,520 |
Maricopa County Foundation For Medical Care Inc Glendale, AZ | $1,269,920 | $1,265,638 |
J H Harvey Trust Las Vegas, NV | $17,531,021 | $2,222,446 |