Ashton Family Foundation
- Assets
- $522.7k
- Revenue
- $472.0
- Investments
- $474.4k
- Employees
- 0
- Location
- Lehi, UT
- Founding
- 07/1991
- Data as of
- 12/2022
- EIN
- 87-0480108
Organization Overview
Ashton Family Foundation is located in Lehi, UT. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Ashton Family 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, Ashton Family Foundation generated $472.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (64.4%) each year. All expenses for the organization totaled $338.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ashton Family Foundation has awarded 469 individual grants totaling $8,582,308. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Ashton Trustee | 0 | $4,000 | |
Alan C Ashton Trustee | 0 | $4,000 | |
Allison Norton Trustee | 0 | $4,000 | |
Amy Jo Young Trustee | 0 | $4,000 | |
Annie Ashton Trustee | 0 | $4,000 | |
Brigham Ashton Trustee | 0 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $89 |
| Dividends & Interest | $21,536 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,153 |
| Capital Gain Net Income | $1,833 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $99,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,918 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,556 |
| Total operating and administrative expenses | $123,965 |
| Contributions, gifts, grants paid | $214,000 |
| Total expenses and disbursements | $337,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,535 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,802 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $522,729 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ashton Family Foundation has awarded $214,000 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY FOUND PURPOSE: UNRESTRICTED | $2,000 |
ALPINE SCHOOL DISTRICT PURPOSE: UNRESTRICTED | $3,000 |
ASSISTANCE LEAGUE OF SALT LAKE CITY PURPOSE: UNRESTRICTED | $5,000 |
CHALLENGER SCHOOL PURPOSE: UNRESTRICTED | $1,000 |
CROSSROADS URBAN CENTER PURPOSE: UNRESTRICTED | $8,000 |
EMPOWER MALI PURPOSE: UNRESTRICTED | $7,500 |