Utah Jazz Foundation
- Assets
- $879.2k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- Data as of
- 12/2021
- EIN
- 86-2243993
Organization Overview
Utah Jazz Foundation is located in Salt Lake City, UT. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Utah Jazz Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING IMPORTANT CAUSES IN OUR STATE, COMMUNITY, AND NATION AS WE WORK TOWARD CREATING A BETTER WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 10,000 DEGREES GRANT PROVIDES SCHOLARSHIPS FOR UNDERSERVED COMMUNITIES
THE TYLER B AYRES TRUST PROVIDES ASSISTANCE WITH HOUSING, TRANSPORTATION, DAYCARE, MEALS, GRIEF THERAPY, AND OTHER RELEVANT EXPENSES FOR FAMILIES IMPACTED BY LOCAL TRAGEDY.
KULTURECITY PROVIDES TRAINNG TO GROUPS IN UTAH TO TEACH HOW TO INTERACT WITH INDIVIDUALS IN UNDERREPRESENTED COMMUNITIES WITH DISABILITIES.
THE UNIVERSITY HOSPITAL FOUNDATION FUNDS SAFEUT, WHICH PROVIDES REAL-TIME CRISIS INTERVENTION PROGRAMS TO ASSIST WITH SUICIDE PREVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Maughan Board President | Officer | 0.5 | $0 |
Jason White Treasurer | Officer | 0.5 | $0 |
Erin Goodsell Counsel | Officer | 0.5 | $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 | $1,644,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,644,401 |
| Total Program Service Revenue | $0 |
| Investment income | $23 |
| 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 | $1,644,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $700,000 |
| 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 | $65,272 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $765,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $835,902 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $43,250 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $879,152 |
| 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 | $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 | $879,152 |
| Total liabilities and net assets/fund balances | $879,152 |
Grants Awarded
Over the last fiscal year, Utah Jazz Foundation has awarded $700,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
San Rafael, CA PURPOSE: PROVIDING MONEY FOR SCHOLARSHIPS FOR UNDERSERVED COMMUNITIES | $600,000 |
TYLER B AYRES TRUST PURPOSE: FUNDS TO PROVIDE ASSISTANCE WITH HOUSING, TRANSPORTATION, DAYCARE, MEALS, GRIEF THERAPY, AND OTHER RELEVANT EXPENSES FOR FAMILITES IMPACTED BY LOCAL TRAGEDY | $50,000 |
Vestavia Hills, AL PURPOSE: TRAINING GROUPS IN UTAH ON INTERACTING WITH INDIVIDUALS WITH DISABILITIES. | $25,000 |
Salt Lake City, UT PURPOSE: SAFEUT REAL-TIME CRISIS INTERVENTION PROGRAM TO ASSIST WITH SUICIDE PREVENTION. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Waterstone Support Foundation Inc Colorado Springs, CO | $127,103,327 | $45,122,757 |
Just One Project Las Vegas, NV | $1,280,784 | $8,846,231 |
Jewish Community Association Of Greater Phoenix Scottsdale, AZ | $31,119,150 | $6,708,831 |
United Labor Agency Of Nevada Inc Las Vegas, NV | $492,532 | $3,236,061 |
David And Molly Pyott Foundation Avon, CO | $9,634,209 | $3,719,915 |
The Moonridge Foundation Las Vegas, NV | $1,474,323 | $2,560,150 |
Schulz Charitable Foundation Inc Scottsdale, AZ | $0 | $32,141 |
Epicpromise Employee Foundation Broomfield, CO | $1,990,176 | $1,259,560 |
James Daniel Humphrey Foundation Las Vegas, NV | $23,283,782 | $2,678,768 |
Warrior Rising South Jordan, UT | $428,862 | $1,557,370 |
Roberts Percival Jr Tw 1513847357 Las Vegas, NV | $12,229,868 | $1,610,230 |
Brandon S Bourbon Chandler, AZ | $343,742 | $1,244,808 |