M Bastian Family Foundation Trust
- Assets
- $6.6m
- Revenue
- $294.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Orem, UT
- Founding
- 05/1995
- Data as of
- 12/2022
- EIN
- 87-6225255
Organization Overview
M Bastian Family Foundation Trust is located in Orem, UT. The organization was established in 1995. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. M Bastian Family Foundation Trust 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 12/2022, M Bastian Family Foundation Trust generated $294.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $508.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, M Bastian Family Foundation Trust has awarded 50 individual grants totaling $1,773,040. 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 |
|---|---|---|---|
Charles Richard Bastian Trustee | 1 | $0 | |
Darren Bruce Bastian Trustee | 1 | $0 | |
Jeffrey Hugh Bastian Trustee | 1 | $0 | |
Robert Arlon Bastian Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,992 |
| Dividends & Interest | $208,374 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,276 |
| Capital Gain Net Income | $84,276 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $294,642 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,597 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $305 |
| Total operating and administrative expenses | $49,733 |
| Contributions, gifts, grants paid | $459,000 |
| Total expenses and disbursements | $508,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,105 |
| 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 | $0 |
| Other assets | $6,577,305 |
| Total assets | $6,629,410 |
| 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, M Bastian Family Foundation Trust has awarded $459,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
UTAH VALLEY UNIVERSITY FOUNDATION PURPOSE: CHARITABLE | $274,000 |
ALPINE SCHOOL DISTRICT FOUNDATION PURPOSE: CHARITAABLE | $30,000 |
FOOD CARE COALITION PURPOSE: CHARITABLE | $20,000 |
PRIMARY CHILDREN'S MEDICAL CENTER F PURPOSE: CHARITABLE | $25,000 |
COMMUNITY HEALTH CONNECT PURPOSE: CHARITABLE | $5,000 |
EDUCATION RESOURCE DEVELOPMENT COUN PURPOSE: CHARITAABLE | $20,000 |