The Dixie And Anne Leavitt Foundation
- Assets
- $66.1m
- Revenue
- $8.1m
- Investments
- $6.3m
- Employees
- 13
- Location
- Cedar City, UT
- Founding
- 04/2001
- Data as of
- 12/2023
- EIN
- 87-0663523
Organization Overview
The Dixie And Anne Leavitt Foundation is located in Cedar City, UT. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Dixie And Anne Leavitt Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dixie And Anne Leavitt 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 12/2023, Dixie And Anne Leavitt Foundation generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $7.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dixie And Anne Leavitt Foundation has awarded 41 individual grants totaling $10,759,485. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT HOUSING - PROVIDE HOUSING SERVICES TO THE STUDENTS OF SOUTHERN UTAH UNIVERSITY. WE PROVIDE AFFORDABLE HOUSING TO STUDENTS AND ROUGHLY 160 ANNUAL HOUSING SCHOLARSHIPS TO THOSE WITH GREATEST NEED.
THE CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS - DONATIONS
OTHER CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dixie Leavitt Pres/trustee | 10 | $0 | |
Mark Leavitt Vp/trustee | 5 | $0 | |
Jim Douglas Treasurer | 5 | $0 | |
Alan Jones Sec/trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackburn & Associates | 12/30/23 | $950,570 |
Leavitt Land & Investment | 12/30/23 | $1,647,445 |
Dixie Lumber | 12/30/23 | $443,769 |
Trade West Construction | 12/30/23 | $480,759 |
Everyspace Construction | 12/30/23 | $364,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,366,651 |
| Interest on Savings | $355,889 |
| Dividends & Interest | $458,617 |
| Net Rental Income | $2,463,066 |
| Net Gain on Sale of Assets | $110,290 |
| Capital Gain Net Income | $5,014,739 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,148,602 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $795,792 |
| Taxes | $0 |
| Depreciation | $1,856,573 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,395,160 |
| Total operating and administrative expenses | $5,145,539 |
| Contributions, gifts, grants paid | $2,581,131 |
| Total expenses and disbursements | $7,726,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,081,187 |
| Net Accounts receivable | $165,557 |
| 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 | $1,690 |
| Prepaid expenses and deferred charges | $74,239 |
| Net Investments - land, buildings, equipment | $1,907,886 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $42,556,543 |
| Other assets | $14,066,818 |
| Total assets | $66,132,481 |
| Accounts payable and accrued expenses | $2,921,609 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $28,128,348 |
| Other liabilities | $310,750 |
| Total liabilities | $31,360,707 |
Grants Awarded
Over the last fiscal year, The Dixie And Anne Leavitt Foundation has awarded $2,581,131 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS PURPOSE: RELIGIOUS | $2,139,351 |
SOUTHERN UTAH UNIVERSITY PURPOSE: EDUCATION | $237,000 |
WESTERN HERITAGE FOUNDATION PURPOSE: HEALTH AND WELFARE | $500 |
ORCHESTRA OF SOUTHERN UTAH PURPOSE: LOCAL ARTS | $6,000 |
FRIENDS OF THE IRON COUNTY SHERIFF PURPOSE: HEALTH AND WELFARE | $3,500 |
ENOCH CITY PURPOSE: HEALTH AND WELFARE | $14,060 |