Utah Foundation
- Assets
- $595.2k
- Revenue
- $503.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Salt Lake City, UT
- Founding
- 11/1946
- Data as of
- 12/2022
- EIN
- 87-0199245
Organization Overview
Utah Foundation is located in Salt Lake City, UT. The organization was established in 1946. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Utah Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah 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 Foundation generated $503.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $504.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
UTAH FOUNDATION'S MISSION IS TO PRODUCE OBJECTIVE, THOROUGH AND WELL- REASONED RESEARCH AND ANALYSIS THAT PROMOTES THE EFFECTIVE USE OF PUBLIC RESOURCES, A THRIVING ECONOMY, A WELL-PREPARED WORKFORCE AND A HIGH QUALITY OF LIFE FOR UTAHNS. UTAH FOUNDATION SEEKS TO HELP DECISION-MAKERS AND CITIZENS UNDERSTAND AND ADDRESS COMPLEX ISSUES. UTAH FOUNDATION ALSO OFFERS CONSTRUCTIVE GUIDANCE TO IMPROVE GOVERNMENTAL POLICIES, PROGRAMS AND STRUCTURES. UTAH FOUNDATION IS AN INDEPENDENT, NONPARTISAN, NONPROFIT RESEARCH ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR WORK IN 2022 IS GUIDING POLICY LEADERS. WE HAVE MADE A DIRECT IMPACT ON HOUSING POLICY. WE ARE SHEDDING BRIGHT NEW LIGHT ON UTAHS SOCIAL FABRIC, UNDERSTANDING POLICE RECRUITMENT AND RETENTION, PUSHING ENERGY EFFICIENCY, OPENING OPPORTUNITIES FOR POST-SECONDARY EDUCATION, INFORMING INFILL DEVELOPMENT, AND TRACKING UTAHNS QUALITY OF LIFE. WE PARTICIPATED IN CONFERENCES, HEARINGS OF PUBLIC BODIES AND SYMPOSIA, AND MET WITH DOZENS OF CIVIC LEADERS AND ELECTED OFFICIALS. OUR WORK WAS COVERED IN THE NEWS MEDIA MORE THAN 75 TIMES. WITH 14 MAJOR REPORTS, 12 OP-EDS, 11 PODCASTS, SIX SIGNIFICANT STATISTICS POSTS, THREE VIDEOS, THREE BREAKFAST BRIEFINGS, AND ONE BRIEF, THE UTAH FOUNDATION ENDED 2022 WITH 50 UNIQUE WORK PRODUCTS. THAT IS NEARLY ONE WORK PRODUCT PER WEEK. UTAH FOUNDATION PRODUCED THE FOLLOWING DURING 2022: - 11 PODCASTS - 14 MAJOR REPORTS - RECEIVED 3 NATIONAL HONORS - PRODUCED 6 SIGNIFICANT STATISTICS - HELD 4 EVENTS - PRODUCED 12 OP-ED ARTICLES - PRODUCED 3 ONLINE VIDEOS - HAD OVER 75 MEDIA APPEARANCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Reichard President | Officer | 50 | $171,064 |
Shawn Teigen President | Officer | 50 | $120,232 |
Lloyd Allen Trustee | Trustee | 1 | $0 |
Jonathan Campbell Trustee | Trustee | 1 | $0 |
Carlton Christensen Trustee | Trustee | 1 | $0 |
Denise Dragoo Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $267,593 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $423,756 |
| Total Program Service Revenue | $78,496 |
| Investment income | $1,174 |
| 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 | $503,426 |
| 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. | $291,488 |
| Compensation of current officers, directors, key employees. | $14,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,022 |
| Pension plan accruals and contributions | $33,514 |
| Other employee benefits | $4,539 |
| Payroll taxes | $28,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,834 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,853 |
| Advertising and promotion | $0 |
| Office expenses | $10,537 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,604 |
| Travel | $2,497 |
| 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 | $1,018 |
| All other expenses | $119 |
| Total functional expenses | $504,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $545,179 |
| Pledges and grants receivable | $15,000 |
| Accounts receivable, net | $13,390 |
| 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 | $21,611 |
| Total assets | $595,180 |
| Accounts payable and accrued expenses | $40,899 |
| 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 | $21,611 |
| Total liabilities | $62,510 |
| Net assets without donor restrictions | $532,670 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $595,180 |