The Benjamin Foundation
- Assets
- $1.8m
- Revenue
- $844.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 87-0679599
Organization Overview
The Benjamin Foundation is located in Salt Lake 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benjamin 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 12/2021, Benjamin Foundation generated $844.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 56.7% each year . All expenses for the organization totaled $436.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Benjamin Foundation has awarded 63 individual grants totaling $1,294,129. 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 |
|---|---|---|---|
Paul Garbett Board Presid | 2.5 | $0 | |
David Garbett Director | 0 | $0 | |
Ann Garbett Manager | 10 | $0 | |
Bryson C Garbett Board Member | 0 | $0 | |
Jan Garbett Director | 1 | $0 | |
Jeff Garbett Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $477,296 |
| Interest on Savings | $10 |
| Dividends & Interest | $29,117 |
| Net Rental Income | $8,660 |
| Net Gain on Sale of Assets | $319,570 |
| Capital Gain Net Income | $319,570 |
| Net ST Capital Gain | $4,129 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $843,983 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $910 |
| Depreciation | $3,758 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $41,163 |
| Printing and publications | $0 |
| Other expenses | $6,661 |
| Total operating and administrative expenses | $85,885 |
| Contributions, gifts, grants paid | $351,054 |
| Total expenses and disbursements | $436,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $618,511 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $61,215 |
| Other assets | $0 |
| Total assets | $1,836,790 |
| 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, The Benjamin Foundation has awarded $351,054 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
O2 UTAH FOUNDATION PURPOSE: CHARITABLE CAUSES | $100,000 |
Salt Lake City, UT PURPOSE: CHARITABLE CAUSES | $50,000 |
Carbondale, CO PURPOSE: CHARITABLE CAUSES | $40,000 |
Bountiful, UT PURPOSE: CHARITABLE CAUSES | $35,000 |
EPIK PURPOSE: CHARITABLE CAUSES | $25,000 |
U OF U COLLEGE OF HUMANITIES PURPOSE: EDUCATION | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Benjamin Foundation has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
The Joel C And Bernice W Gordon Family Foundation Nashville, TN PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Cyrus Tang Foundation Las Vegas, NV | $882,448,132 | $23,435,848 |
Kate B Reynolds Charitable Trust Las Vegas, NV | $458,547,474 | $24,205,244 |
Charles K Blandin Residuary Trust 30/15962 Las Vegas, NV | $0 | $17,582,870 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |