Utah Valley University Foundation Inc
- Assets
- $142.0m
- Revenue
- $26.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Orem, UT
- Founding
- 08/1982
- Data as of
- 06/2021
- EIN
- 87-0036944
Organization Overview
Utah Valley University Foundation Inc is located in Orem, UT. The organization was established in 1982. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Utah Valley University Foundation 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 06/2021, Utah Valley University Foundation Inc generated $26.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $19.5m during the year ending 06/2021. 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 ASSIST UVU IN FULFILLING ITS OBJECTIVES TO ADVANCE THE SERVICES OF UVU TO RAISE FUNDS FOR STUDENT SCHOLARSHIPS AND PROGRAM DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY INSTITUTIONAL AND EDUCATIONAL PROGRAM ENHANCEMENT
2,194 SCHOLARSHIPS TO 1,236 STUDENTS, WHICH PAID FOR APPROXIMATELY 17,304 UNIVERSITY CREDIT HOURS
ANNUITY PAYMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Arstein CEO | OfficerTrustee | 40 | $0 |
Jefferson Moss COO | OfficerTrustee | 40 | $0 |
Cameron Gunter Chair | OfficerTrustee | 4 | $0 |
Duane Madsen 2nd Vice Chair | OfficerTrustee | 2 | $0 |
Kris Mcfarland 1st Vice Chair | OfficerTrustee | 2 | $0 |
Mary Astrid Tuminez University President | Trustee | 4 | $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 | $15,124,377 |
| Noncash contributions included in lines 1a–1f | $611,308 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,124,377 |
| Total Program Service Revenue | $0 |
| Investment income | $1,681,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,997,896 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,803,994 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,195,583 |
| Grants and other assistance to domestic individuals. | $1,924,601 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $317,477 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,638 |
| Office expenses | $815,124 |
| Information technology | $53,271 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,732 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,050 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $19,529,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,091,617 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $22,051,381 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,349,470 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,505,268 |
| Investments—publicly traded securities | $53,505,845 |
| Investments—other securities | $0 |
| Investments—program-related | $7,541,263 |
| Intangible assets | $0 |
| Other assets | $1,959,742 |
| Total assets | $142,004,586 |
| 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 | $2,070,518 |
| Total liabilities | $2,070,518 |
| Net assets without donor restrictions | $7,014,523 |
| Net assets with donor restrictions | $132,919,545 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $142,004,586 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Utah Valley University Foundation Inc has recieved totaling $154,000.
| Awarding Organization | Amount |
|---|---|
C Scott And Dorothy E Watkins Charitable Foundation West Jordan, UT PURPOSE: CHARITABLE USE | $85,000 |
C Scott And Dorothy E Watkins Charitable Foundation West Jordan, UT PURPOSE: CHARITABLE USE | $65,000 |
La Esperanza De Nuestra Comunidad Eagle, ID PURPOSE: GENERAL OPERATING SUPPORT | $4,000 |
Endowment Analysis
| Beg. Balance | $46,188,102 |
| Earnings | $11,473,117 |
| Admin Expense | $734,955 |
| Net Contributions | $21,272,268 |
| Other Expense | $4,995,226 |
| Ending Balance | $73,203,306 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Navajo Technical College Crownpoint, NM | $112,611,300 | $47,666,957 |
Utah Valley University Foundation Inc Orem, UT | $142,004,586 | $26,803,994 |
Tohono O Odham Community College Sells, AZ | $29,097,807 | $15,651,906 |
Salt Lake Community College Foundation Salt Lake Cty, UT | $24,286,482 | $7,299,896 |
Pikes Peak Communtiy College Foundation Inc Colorado Springs, CO | $5,356,337 | $1,290,429 |
Truckee Meadows Community College Foundation Reno, NV | $4,471,323 | $3,119,437 |
League For Innovation In The Community College Chandler, AZ | $743,434 | $2,344,893 |
Frontier School Of The Bible Lagrange, WY | $3,501,922 | $1,802,336 |
Pueblo Community College Foundation Pueblo, CO | $15,005,245 | $6,507,429 |
Trinidad State College Foundation Trinidad, CO | $10,877,106 | $922,571 |
Cochise College Foundation Douglas, AZ | $21,108,748 | $4,556,497 |
Mohave County Community College Foundation Inc Kingman, AZ | $5,321,918 | $603,505 |