Wasatch County School District Foundation
- Assets
- $2.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Heber City, UT
- Founding
- 01/1992
- Data as of
- 06/2024
- EIN
- 87-0471352
Organization Overview
Wasatch County School District Foundation, operating under the name Wasatch Education Foundation, is located in Heber City, UT. The organization was established in 1992. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Wasatch Education 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 06/2024, Wasatch Education Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $1.4m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ENGAGE COMMUNITY AND CORPORATE PARTNERS IN PROVIDING SUPPLEMENTAL RESOURCES TO THE WASATCH COUNTY SCHOOL DISTRICT TO IMPROVE EDUCATIONAL OUTCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED 291 SCHOLARSHIPS TO WHS CLASS OF 2024 FOR A TOTAL OF $500,000. ANOTHER 16 STUDENTS WERE SELECTED FOR THE WE RISE SCHOLARHSIP PROGRAM FOR FIRST-GENERATION COLLEGE STUDENTS; A PROGRAM WHICH HAS GROWN TO INCLUDE 50 STUDENTS ATTENDING EIGHT UTAH COLLEGES.THE FOUNDATION CONTINUED ITS DISTINGUISHED EDUCATOR PROGRAM PROVIDING $160,000 TO 13 TEACHERS IN THE SCHOOL DISTRICT TO SUPPORT THE RETENTION OF QUALITY EDUCATORS FOR THE DISTRICT.THE FOUNDATION ALSO CONTINUED TO PROVIDE FOOD AND BACKPACKS TO STUDENTS IN NEED, A NO-COST FUNDRAISING PLATFORM FOR ALL WPNS ATHLETICS AND ACTIVITIES IN THE DISTRICT, AS WELL AS ADMINISTRATIVE AND FISCAL SUPPORT TO THE WPNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Smith Trustee | Trustee | 2 | $0 |
Steve Stevens Trustee | Trustee | 2 | $0 |
Randy Larsen Trustee | Trustee | 2 | $0 |
Danny Labrum Trustee | Trustee | 2 | $0 |
Steve Nadauld Trustee | Trustee | 2 | $0 |
Diana Zarrabal Trustee | Trustee | 2 | $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 | $1,402,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,402,552 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,402,552 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,404,060 |
| 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 | $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 | $8,188 |
| Total functional expenses | $1,412,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,395,247 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $2,395,247 |
| 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 | $29,035 |
| Net assets with donor restrictions | $2,366,212 |
| 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 | $2,395,247 |