Utahs Promise
- Assets
- $28.9m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 113
- Location
- Salt Lake City, UT
- Founding
- 08/1942
- Data as of
- 06/2023
- EIN
- 87-0227091
Organization Overview
Utahs Promise is located in Salt Lake City, UT. The organization was established in 1942. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Utahs Promise employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utahs Promise 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 06/2023, Utahs Promise generated $14.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $15.5m during the year ending 06/2023. While expenses have increased by 0.3% per year over the past 7 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 2015, Utahs Promise has awarded 578 individual grants totaling $40,701,010. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE BUILD POWERFUL CROSS-SECTOR PARTNERSHIPS TO HELP EVERY UTAHN ACHIEVE THEIR POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
211, IS A SIMPLE AND FREE RESOURCE THAT CONNECTS UTAHNS IN NEED WITH SUPPORT AND SERVICES TO HELP THEM IN TIMES OF CRISIS. WE ARE AVAILABLE 24/7, 365 DAYS A YEAR VIA PHONE, TEXT, CHAT, WEB, APP, EMAIL, AND SOCIAL MEDIA. IT IS FREE, CONFIDENTIAL AND AVAILABLE VIA PHONE (211) IN OVER 200 LANGUAGES AND VIA TEXT, CHAT, AND EMAIL IN ENGLISH AND IN SPANISH.
DONOR DESIGNATIONS ARE CONTRIBUTIONS IN WHICH DONORS SPECIFY HOW THEIR CONTRIBUTIONS WILL BE USED BY DESIGNATING A UNITED WAY COMMUNITY IMPACT PRIORITY, A UNITED WAY MANAGED PROGRAM, OR ANY BONA FIDE NONPROFIT AGENCY.
PROMISE PARTNERSHIP UTAH IS A NATIONALLY RECOGNIZED MODEL OF CIVIC INFRASTRUCTURE AND IS DESIGNATED AS A SYSTEMS TRANSFORMATION ORGANIZATION BY STRIVETOGETHER (STRIVETOGETHER.ORG) FOR ITS SUCCESS IN IMPROVING OUTCOMES FOR CHILDREN AND FAMILIES, SPECIFICALLY IN THE AREAS OF EDUCATION, HEALTH, AND ECONOMIC MOBILITY. THE STRATEGIES, PROGRAMS, AND SERVICES IMPLEMENTED BY THESE PARTNERSHIPS (INVOLVING HUNDREDS OF COMMUNITY PARTNERS, SCHOOLS AND BUSINESSES) HAPPEN THROUGH "COMMUNITY SCHOOLS" THAT FUNCTION AS HUBS OF SERVICES AND SUPPORTS FOR CHILDREN AND FAMILIES.
PARTNERSHIP GRANTS ARE PROVIDED TO 45 ORGANIZATIONS WORKING WITHIN THE PROMISE PARTNERSHIP AND TOGETHER WE ADVANCE SERVICES AND OUTCOMES FOR UP TO 470,000 CHILDREN AND YOUTH IN OUR REGION. IN ADDITION, UWSL DISTRIBUTES RESOURCES TO MORE THAN 200 ADDITIONAL NONPROFIT ORGANIZATIONS AT THE SPECIFIC REQUEST OF INDIVIDUAL DONORS. UWSL ADVOCATES AT ALL LEVELS OF GOVERNMENT FOR A PUBLIC POLICY AGENDA THAT IS TIED TO ITS AREAS OF FOCUS, WHICH INCLUDE EDUCATION, FINANCIAL STABILITY, HEALTH, AND BASIC NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Crim President & CEO | OfficerTrustee | 50 | $206,752 |
Angela Matthes Chief Financial Officer | OfficerTrustee | 40 | $136,768 |
Mikelle Moore Chair | OfficerTrustee | 1 | $0 |
Scott Ulbrich Corporate Secretary | OfficerTrustee | 1 | $0 |
Jay Francis Immediate Past Chair | OfficerTrustee | 1 | $0 |
Kirk Aubry Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lyft Inc Transportation | 6/29/23 | $288,512 |
Plative Inc Software Implementation | 6/29/23 | $150,048 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $138,271 |
| Related organizations | $0 |
| Government grants | $1,863,366 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,992,893 |
| Noncash contributions included in lines 1a–1f | $79,393 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,994,530 |
| Total Program Service Revenue | $121,869 |
| Investment income | $596,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $266,126 |
| Net Income from Fundraising Events | -$124,863 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,945,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,669,668 |
| Grants and other assistance to domestic individuals. | $266,262 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $405,088 |
| Compensation of current officers, directors, key employees. | $65,341 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,572,918 |
| Pension plan accruals and contributions | $209,376 |
| Other employee benefits | $554,781 |
| Payroll taxes | $429,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,201 |
| Fees for services: Accounting | $62,690 |
| Fees for services: Lobbying | $95,435 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $82,197 |
| Fees for services: Other | $1,090,192 |
| Advertising and promotion | $0 |
| Office expenses | $219,086 |
| Information technology | $780,946 |
| Royalties | $0 |
| Occupancy | $442,677 |
| Travel | $95,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $159,231 |
| Interest | $0 |
| Payments to affiliates | $121,264 |
| Depreciation, depletion, and amortization | $94,550 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $15,533,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,017,325 |
| Pledges and grants receivable | $6,239,470 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $40,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,285 |
| Net Land, buildings, and equipment | $374,603 |
| Investments—publicly traded securities | $11,101,820 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,097,405 |
| Total assets | $28,897,908 |
| Accounts payable and accrued expenses | $1,476,520 |
| Grants payable | $608,093 |
| 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 | $806,608 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $892,355 |
| Total liabilities | $3,783,576 |
| Net assets without donor restrictions | $15,784,683 |
| Net assets with donor restrictions | $9,329,649 |
| 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 | $28,897,908 |
Grants Awarded
Over the last fiscal year, Utahs Promise has awarded $4,456,567 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
ASIAN ASSOCIATION OF UTAH PURPOSE: ETHNIC/IMMIGRANT SERVICES | $41,500 |
BIG BROTHERS BIG SISTERS OF UTAH PURPOSE: PROVIDE CHILDREN FACING ADVERSITY W/STRONG & ENDURING, PROFESSIONALLY SUPPORTED 1-TO-1 RELATIONSHIPS THAT CHANGE THEIR LIFE FOR THE BETTER. | $157,698 |
BOUNTIFUL COMMUNITY FOOD PANTRY PURPOSE: EDUCATIONAL SERVICES AND SCHOOLS - OTHER - BASIC NEEDS-FOOD PANTRY | $16,600 |
BOY SCOUTS OF AMERICA CROSSROADS OF THE WEST COUNCIL PURPOSE: PREPARE YOUNG PEOPLE TO MAKE ETHICAL CHOICES OVER THEIR LIFETIME BY INSTILLING VALUES OF SCOUT OATH AND LAW | $59,125 |
CANYONS EDUCATION FOUNDATION PURPOSE: WORKS IN TANDEM W/COMMUNITY & BUSINESS PARTNERS TO BUILD SUPPORT FOR PUBLIC SCHOOLS& TO ADVANCE THE MISSION TO HELP EVERY STUDENT BECOME COLLEGE AND CAREER READY, & FIND MEANINGFUL PURPOSE IN LIFE | $136,000 |
CATHOLIC COMMUNITY SERVICES PURPOSE: HUMAN SERVICES - MULTIPURPOSE - | $41,500 |