Canyon Institute
- Assets
- $36.6m
- Revenue
- $1.2m
- Investments
- $35.6m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 12/2015
- Data as of
- 06/2022
- EIN
- 86-0977269
Organization Overview
Canyon Institute is located in Phoenix, AZ. The organization was established in 2015. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canyon Institute 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 06/2022, Canyon Institute generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 1.8% 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.
Since 2020, Canyon Institute has awarded 375 individual grants totaling $4,665,818. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Pettett Trustee/chair | 1.5 | $0 | |
Steve Hayes Trustee/vice Chair | 1 | $0 | |
Eric Cook Trustee/sec/treasurer | 1 | $0 | |
William Brotherton JD Trustee | 1 | $0 | |
Kimberly Tobey Trustee | 1 | $0 | |
Brian Middleton Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Laird & Associates Pc | 6/29/22 | $203,749 |
Commonfund | 6/29/22 | $96,759 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,202 |
| Interest on Savings | $0 |
| Dividends & Interest | $349,400 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $839,800 |
| Capital Gain Net Income | $1,952,328 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$59,701 |
| Total Revenue | $1,158,701 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,759 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $46,384 |
| Printing and publications | $0 |
| Other expenses | $23,910 |
| Total operating and administrative expenses | $469,366 |
| Contributions, gifts, grants paid | $1,529,876 |
| Total expenses and disbursements | $1,999,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,836 |
| Savings and temporary cash investments | $49,177 |
| 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 | $16,276 |
| Net Investments - land, buildings, equipment | $907,752 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,603,229 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $36,608,270 |
| Accounts payable and accrued expenses | $37,059 |
| 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 | $161,000 |
| Total liabilities | $198,059 |
Grants Awarded
Over the last fiscal year, Canyon Institute has awarded $1,529,876 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
25 PROJECT INC PURPOSE: TOMBO MINISTRY CENTER - ORPHANS AND VULNERABLE CHILDREN IN SIERRA LEONE | $50,000 |
AGAPE ADOPTION AGENCY OF AZ PURPOSE: OUTREACH AND TRAINING FOR FOSTER PARENTS, INCLUDING MEDIA DEVELOPMENT | $10,000 |
ARIZONA SOUTHERN BAPTIST DISASTER RELIEF PURPOSE: MOBILE SHOWER AND LAUNDRY UNIT | $70,000 |
ARIZONA SOUTHERN BAPTIST CONVENTION PURPOSE: CHRISTIAN CHALLENGE AZ MINISTRY & SEMINARY TUITION ASSISTANCE | $105,000 |
ECUMENICAL CHAPLAINCY FOR THE HOMELESS INC PURPOSE: ROLLING SUNDAY SCHOOL FOR CHILDREN AND YOUTH | $15,000 |
EPISCOPAL RELIEF & DEVELOPMENT PURPOSE: HONDURAN MICROFINANCE PROGRAM | $60,000 |