Sutherland Institute
- Assets
- $1.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 13
- Location
- Salt Lake City, UT
- Founding
- 04/1995
- Data as of
- 12/2023
- EIN
- 87-0531727
Organization Overview
Sutherland Institute is located in Salt Lake City, UT. The organization was established in 1995. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2023, Sutherland Institute employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sutherland Institute 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 12/2023, Sutherland Institute generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A CONSERVATIVE PUBLIC POLICY THINK TANK, SUTHERLAND INSTITUTE IS PURSUING THE PATH TO "A NEW BIRTH OF FREEDOM' FOR AMERICA THROUGH A FREE MARKET ECONOMY, CIVIL SOCIETY, AND COMMUNITY-DRIVEN SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTREACH: THE INSTITUTE STRIVES TO CONVENE VOICES ON ALL SIDES OF IMPORTANT ISSUES AND FACILITATE SOUND, COMMUNITY-DRIVEN POLICY SOLUTIONS. NEWSLETTERS, MAILINGS, PODCASTS AND EVENTS ARE ALL CRITICAL TO BOTH EDUCATION AND ENGAGEMENT. NEWSLETTERS PROVIDE SUMMARIES ON IMPORTANT AND TOPICAL ISSUES. EVENTS ARE HELD TO COINCIDE WITH POLICY PUBLICATIONS AND ARE HELD WHEN TOPICS RISE TO THE LEVEL OF PUBLIC INTEREST. KEYNOTE SPEAKERS, RANGING FROM ELECTEDOFFICIALS TO LOCAL AND NATIONAL SUBJECT EXPERTS, ARE JOINED BY PANELISTS REPRESENTING DIVERSE VIEWS.
RESEARCH: AS A THINK TANK, POLICY RESEARCH ON COMPLEX ISSUES IS CORE TO THE OPERATIONS OF THE INSTITUTE. THIS INCLUDES ACTIVE STUDIES OF CURRENT AND HISTORICAL ACADEMIC RESEARCH, PROPOSED LEGISLATION IN UTAH - THE REGION - AND NATIONALLY. COLLABORATION WITH OTHER THINK TANKS, ISSUES-ORIENTED ORGANIZATIONS AND EDUCATIONAL INSTITUTIONS, IS PART OF THE PROCESS AS WELL. THE INSTITUTE MONITORS SOCIAL AND LEGISLATIVE EFFORTS THAT THREATEN TO LIMIT FREE MARKET FUNCTION, RELIGIOUS LIBERTY, AND THE PRIORITIZATION OF FAMILIES. POTENTIAL LIMITATIONS ARE OFTEN EMBEDDED IN SEEMINGLY UNRELATED OR NEBULOUS LEGISLATION, WHICH NECESSITATES A CAREFUL AND ONGOING WATCH OF PRIORITY AREAS.
LOBBY: THE INSTITUTE STAFFS POLICY EXPERTS SOME OF WHOM ARE ALSO REGISTERED LOBBYISTS. THE INSTITUTE REPORTS ITS LOBBYING ACTIVITIES TO THE IRS USING THE EXPENDITURES TEST UNDER A SECTION 501(H) ELECTION. QUALIFIED AND DESIGNATED STAFF ATTEND LEGISLATIVE SESSIONS, INTERIM SESSIONS, AND SPECIAL SESSIONS AT CAPITOL HILL IN UTAH, AND, AT TIMES, IN WASHINGTON DC. LOBBYISTS ARE AVAILABLE TOTESTIFY ON THE FLOOR AND BEFORE COMMITTEES AND SUB-COMMITTEES, MEET WITHLEGISLATORS, AND DETERMINE AREAS OF NEED WITH RESPECT TO THE HISTORY AND IMPLICATIONS OF PENDING LEGISLATION. COMMUNICATIONS ARE SHARED ON A NONPARTISAN BASIS THROUGH PRINTED PUBLICATIONS, FLIERS AND EMAILS. THE INSTITUTE CAN PROVIDE POLICY RESEARCH AT A DEPTH AND SCOPE THAT IS DIFFICULT TO OBTAIN OTHERWISE FOR MEMBERS OF A PART-TIME LEGISLATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Larsen President & | Officer | 60 | $308,333 |
Derek Monson Chief Growth | 60 | $176,667 | |
Nic Dunn VP - Strateg | 45 | $148,333 | |
Peter Reichard Chief Dev. O | 50 | $140,625 | |
Stanley Rasmussen VP - Gov't A | 40 | $130,480 | |
Brent Andrewsen Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $60,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,769,843 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,829,843 |
| Total Program Service Revenue | $0 |
| Investment income | $2,125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,831 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,839,799 |
| 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. | $334,627 |
| Compensation of current officers, directors, key employees. | $50,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,005,347 |
| Pension plan accruals and contributions | $16,607 |
| Other employee benefits | $151,021 |
| Payroll taxes | $99,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55 |
| Fees for services: Accounting | $31,936 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,390 |
| Advertising and promotion | $56,128 |
| Office expenses | $17,648 |
| Information technology | $26,710 |
| Royalties | $0 |
| Occupancy | $76,780 |
| Travel | $19,508 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,764 |
| Interest | $446 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,367 |
| Insurance | $302 |
| All other expenses | $0 |
| Total functional expenses | $2,173,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,570 |
| Savings and temporary cash investments | $703,306 |
| Pledges and grants receivable | $2,500 |
| Accounts receivable, net | $402 |
| 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 | $21,024 |
| Net Land, buildings, and equipment | $55,069 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $294,435 |
| Total assets | $1,273,306 |
| Accounts payable and accrued expenses | $101,852 |
| 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 | $299,783 |
| Total liabilities | $401,635 |
| Net assets without donor restrictions | $48,671 |
| Net assets with donor restrictions | $823,000 |
| 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 | $1,273,306 |