Sjinc Foundation
- Assets
- $1.3m
- Revenue
- $219.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 87-0686375
Organization Overview
Sjinc Foundation is located in Salt Lake City, UT. The organization was established in 2002. 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. Sjinc 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, Sjinc Foundation generated $219.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $48.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDS FOR SCHOLARSHIPS FOR STUDENTS IN VIETNAM.
PROVIDED FUNDS FOR EDUCATION COURSES IN VIETNAM.
PROVIDED FUNDS FOR TRANSPORTATION FOR STUDENTS' NEEDS IN VIETNAM.
PROVIDED FUNDS FOR FOOD DONATIONS FOR STUDENTS' NEEDS IN VIETNAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip M Adams Trustee/directo | 5 | $0 | |
Suann P Adams Trustee/directo | 5 | $0 | |
Jason P Adams Director | 0 | $0 | |
Jeremy T Adams Director | 0 | $0 | |
Analecia A Dumke Director | 0 | $0 | |
Jacob R Adams Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $1,340 |
| Dividends & Interest | $37,423 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,597 |
| Capital Gain Net Income | $68,622 |
| Net ST Capital Gain | $6,077 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $102,380 |
| Total Revenue | $219,740 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $208 |
| Depreciation | $2,476 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,291 |
| Total operating and administrative expenses | $48,175 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $48,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,772 |
| 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 | $74,581 |
| Other assets | $0 |
| Total assets | $1,337,221 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
The Dixie And Anne Leavitt Foundation Cedar City, UT | $52,405,557 | $11,398,374 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |
Merle Chambers Fund Denver, CO | $66,462,880 | $7,349,081 |
Gods Light In The Darkness Foundation Carlbad, NM | $31,530,012 | $790,978 |
Scott W And Betsy D Thornton Family Foundation Park City, UT | $4,627,448 | $2,183,609 |
Eugene V And Clare Thaw Charitable Trust Santa Fe, NM | $97,006,761 | $1,880,279 |
Maffei Foundation Denver, CO | $13,828,182 | $18,020,171 |
The Forsberg Charitable Foundation Scottsdale, AZ | $0 | $451,521 |
The Denver Health And Hospitals Foundation Denver, CO | $28,533,635 | $6,042,640 |