Utah Jazz Foundation
- Assets
- $1.3m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- Data as of
- 12/2022
- 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.
For the year ending 12/2022, Utah Jazz Foundation generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 55.7% each year . All expenses for the organization totaled $3.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Utah Jazz Foundation has awarded 13 individual grants totaling $4,240,000. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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
VARIOUS OTHER PROGRAM SERVICES TO CONTINUE TO THE MISSION OF THE UTAH JAZZ FOUNDATION
AIRBNB.ORG PROVIDES LODGING FOR REFUGEES FLEEING FROM UKRAINE.
THE COMMUNITY FOUNDATION OF UTAH PROVIDES HELP TO PEOPLE IN UKRAINE THROUGH THE UTAH FOR UKRAINE INITIATIVE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Maughan Board President | Officer | 0.25 | $0 |
Jason White Treasurer | Officer | 0.25 | $0 |
Erin Goodsell Counsel | Officer | 0.25 | $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 | $3,969,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,969,425 |
| Total Program Service Revenue | $0 |
| Investment income | $15,287 |
| 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 | $3,984,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,540,000 |
| 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 | $5,000 |
| 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 | $14,133 |
| Total functional expenses | $3,559,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,263,589 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $45,275 |
| 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 | $1,308,864 |
| Accounts payable and accrued expenses | $4,133 |
| 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 | $4,133 |
| 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 | $1,304,731 |
| Total liabilities and net assets/fund balances | $1,308,864 |
Grants Awarded
Over the last fiscal year, Utah Jazz Foundation has awarded $3,540,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
10000 DEGREES PURPOSE: PROVIDES SCHOLARSHIPS FOR UNDERSERVED COMMUNITIES. | $2,150,000 |
AIRBNBORG PURPOSE: PROVIDES LODGING FOR REFUGEES FLEEING FROM UKRAINE. | $1,000,000 |
COMMUNITY FOUNDATION OF UTAH PURPOSE: UTAH FOR UKRAINE INITIATIVE. | $250,000 |
YOUNG WOMEN'S CHRISTIAN ASSOCIATION OF UTAH PURPOSE: ELIMINATING RACISM, EMPOWER WOMEN, AND PROMOTE PEACE, JUSTICE, FREEDOM AND DIGNITY FOR ALL. | $25,000 |
CREWE FOUNDATION PURPOSE: BENEFIT AND POSITIVELY IMPACT THE LIVES OF YOUNG PEOPLE BY PROVIDING EDUCATIONAL AND VOCATIONAL OPPORTUNITIES THROUGH THE GAME OF GOLF | $25,000 |
FOREVER YOUNG FOUNDATION PURPOSE: PASSING ON HOPE AND RESOURCES FOR THE DEVELOPMENT, STRENGTH, AND EDUCATION OF CHILDREN. FOREVER YOUNG SERVES CHILDREN IN UTAH FACING SIGNIFICANT PHYSICAL, EMOTIONAL, AND FINANCIAL CHALLENGES BY PROVIDING THEM WITH ACADEMIC, ATHLETIC, AND THERAPEUTIC OPPORTUNITIES CURRENTLY UNAVAILABLE TO THEM. | $25,000 |