Utah Sports Commission Foundation
- Assets
- $15.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Salt Lake City, UT
- Founding
- 10/2000
- Data as of
- 09/2023
- EIN
- 87-0651075
Organization Overview
Utah Sports Commission Foundation is located in Salt Lake City, UT. The organization was established in 2000. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Utah Sports Commission Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Sports Commission 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 09/2023, Utah Sports Commission Foundation generated $1.2m 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 (13.1%) each year. All expenses for the organization totaled $3.4m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Utah Sports Commission Foundation has awarded 12 individual grants totaling $481,000. 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
THE ORGANIZATION IS GOVERNED BY AN ALL-VOLUNTEER BOARD OF TRUSTEES CONSISTING OF STATEWIDE SPORTS, BUSINESS, AND COMMUNITY LEADERS CREATED TO FOSTER NATIONAL AND INTERNATIONAL SPORTS COMPETITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPORTS AWARDS AND SPONSORSHIPS - THE SPORTS AWARDS AND SPONSORSHIP PROGRAM IS DESIGNED TO ATTRACT, RETAIN, AND GROW NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITIONS THAT TAKE PLACE WITHIN THE STATE OF UTAH. SPONSORSHIP IS PROVIDED TO EVENTS THAT GENERATE SIGNIFICANT ECONOMIC IMPACT, MEDIA EXPOSURE, AND/OR ARE OF STRATEGIC IMPORTANCE IN POSITIONING THE STATE FAVORABLY IN A PARTICULAR SPORTS DISCIPLINE, CATEGORY, OR GENRE.
KORN FERRY TOUR UTAH CHAMPIONSHIP - THE UTAH SPORTS COMMISSION, AS A 501 (C)(3)ENTITY, CONTRACTS DIRECTLY WITH THE PGA TOUR TO ACT AS HOST ORGANIZATION FOR THE KORN FERRY TOUR'S UTAH CHAMPIONSHIP. THE TOURNAMENT GIVES UTAH GOLF FANS AN OPPORTUNITY TO WATCH THE FUTURE STARS OF THE PGA TOUR FIRSTHAND AND GENERATES MILLIONS OF DOLLARS OF ECONOMIC IMPACT AND MEDIA EXPOSURE TO THE STATE AND MANY OF ITS LOCAL COMMUNITIES. SUPPORT FOR THE TOURNAMENT COMES PRIMARILY FROM NATIONAL, STATE, AND LOCAL SPONSORS IN THE FORM OF CASH AND IN-KIND DONATIONS. NOTABLE UTAH CHAMPIONSHIP ALUMNI INCLUDE TONY FINAU,JOHN DALY, BUBBA WATSON, ZACH JOHNSON, AND CAMERON CHAMP. OVER THE PAST FIVE YEARS, THE TOURNAMENT HAS DONATED MORE THAN 350,000 TO UTAH BASED CHARITIES SUCH AS THE HUNTSMAN CANCER FOUNDATION, THE TONY FINAU FOUNDATION, AND THE LOCAL CHAPTER OF THE BOYS AND GIRLS CLUB.
SPORTS EVENTS, TV ADVERTISING, PROMOTION AND MARKETING - THE SPORTS COMPETITIONS AND EVENTS THAT THE UTAH SPORTS COMMISSION PARTNERS WITH SERVE AS VALUABLE ECONOMIC IMPACT AND IMAGE BUILDING DRIVERS, ESPECIALLY THOSE THAT PROVIDE NATIONAL AND INTERNATIONAL TELEVISION EXPOSURE. BY SHOWCASING UTAH'S AWE-INSPIRING LANDSCAPES TO A BROAD AUDIENCE, THE ORGANIZATION MORE EFFECTIVELY TARGETS KEY TOURISM DEMOGRAPHICS THROUGH STRATEGIC ADVERTISEMENTS, BRAND ASSOCIATIONS, AND CALLS TO ACTION. ADDITIONALLY, BECAUSE MAJOR SPORTS COMPETITIONS TEND TO BE FOLLOWED BY SIGNIFICANT TELEVISION COVERAGE, DIGITAL, SOCIAL, AND OTHER MEDIA ASSETS, THE ORGANIZATION ACTIVELY PURSUES THESE TYPES OF EVENTS AS PART OF ITS MARKETING AND BRANDING STRATEGY. BY LEVERAGING THE MEDIA ASSETS ASSOCIATED WITH SOME OF THE WORLD'S MOST PRE-EMINENT SPORTING EVENTS, THE ORGANIZATION IS BETTER ABLE TO PROMOTE AND BRAND UTAH AS, "UTAH: THE STATE OF SPORT," WHILE CEMENTING UTAH'S STATUS AS A PREMIER DESTINATION FOR WORLD CLASS INTERNATIONAL, NATIONAL, AND OLYMPIC RELATED AMATEUR SPORTS COMPETITIONS. UTAH OLYMPIC LEGACY AND RELATED EFFORTS - THE GOVERNOR AND THE UTAH STATE LEGISLATURE HAVE ENCOURAGED THE UTAH SPORTS COMMISSION TO ASSIST WITH THE STATE'S OLYMPIC BID AND EXPLORATION EFFORTS. THE ORGANIZATION HAS MAINTAINED A LONG RUNNING FOCUS ON LANDING EVENTS THAT BUILD ON UTAH'S OLYMPIC LEGACY AND POSITION THE STATE FAVORABLY WITH KEY OLYMPIC CONSTITUENCIES AS IT LOOKS TO HOST ANOTHER OLYMPIC WINTER GAMES. THE UTAH SPORTS COMMISSION, THE STATE OF UTAH, AND ITS MANY PARTNERS HAVE MAINTAINED AND SUCCESSFULLY EXECUTED ON A COMPREHENSIVE STRATEGY THAT HAS LEFT UTAH UNIQUELY POSITIONED AS "READY, WILLING, AND ABLE" TO HOST ANOTHER OLYMPIC WINTER GAMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Robbins President & | OfficerTrustee | 47.25 | $329,644 |
Bridget Farfel VP Marketing | 20 | $121,799 | |
Jefferey C Robbins Finance Dire | 20 | $106,097 | |
Stuart Adams Vice Chair | OfficerTrustee | 0.25 | $0 |
Rob Allen Trustee | Trustee | 0.15 | $0 |
Scott Anderson Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $275,500 |
| Related organizations | $0 |
| Government grants | $114,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $377,160 |
| Noncash contributions included in lines 1a–1f | $91,535 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $766,760 |
| Total Program Service Revenue | $319,923 |
| Investment income | $263,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,829 |
| Net Income from Fundraising Events | -$112,137 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,245,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,000 |
| 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. | $343,678 |
| Compensation of current officers, directors, key employees. | $81,682 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $285,045 |
| Pension plan accruals and contributions | $23,844 |
| Other employee benefits | $23,447 |
| Payroll taxes | $40,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,316 |
| Fees for services: Accounting | $43,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,815 |
| Fees for services: Other | $70,964 |
| Advertising and promotion | $68,385 |
| Office expenses | $30,600 |
| Information technology | $7,745 |
| Royalties | $0 |
| Occupancy | $150,053 |
| Travel | $51,575 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,301 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,721 |
| Insurance | $9,629 |
| All other expenses | $15,064 |
| Total functional expenses | $3,351,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,288,670 |
| Pledges and grants receivable | $254,461 |
| 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 | $45,980 |
| Net Land, buildings, and equipment | $36,698 |
| Investments—publicly traded securities | $967,994 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,981,043 |
| Total assets | $15,574,846 |
| Accounts payable and accrued expenses | $426,889 |
| 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 | $1,513,120 |
| Total liabilities | $1,940,009 |
| Net assets without donor restrictions | $13,634,837 |
| 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 | $15,574,846 |
Grants Awarded
Over the last fiscal year, Utah Sports Commission Foundation has awarded $86,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TONY FINAU FOUNDATION PURPOSE: CHARITABLE | $80,000 |
PGA TOUR FIRST TEE FOUNDATION INC PURPOSE: CHARITABLE | $6,000 |