Pete & Arline Harman Trust Fund
- Assets
- $58.3m
- Revenue
- $1.7m
- Investments
- $15.8m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 04/1983
- Data as of
- 04/2024
- EIN
- 94-2863346
Organization Overview
Pete & Arline Harman Trust Fund is located in Salt Lake City, UT. The organization was established in 1983. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Pete & Arline Harman Trust Fund 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 04/2024, Pete & Arline Harman Trust Fund generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $2.4m during the year ending 04/2024. While expenses have increased by 11.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pete & Arline Harman Trust Fund has awarded 257 individual grants totaling $13,663,849. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SUPPORT TO CHURCHES, EDUCATIONAL INSTITUTIONS OTHER CHARITABLE PROGRAMS THAT ASSIST PEOPLE, ESPECIALLY YOUNG PEOPLE, TO MAKE A DIFFERENCE TO SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE I
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,980,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$245,779 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,734,577 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,348,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $83,927 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,432,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34 |
| Savings and temporary cash investments | $2,621,610 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $39,863,487 |
| Investments—other securities | $15,773,604 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $58,258,735 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,101,659 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $56,157,076 |
| Total liabilities and net assets/fund balances | $58,258,735 |
Grants Awarded
Over the last fiscal year, Pete & Arline Harman Trust Fund has awarded $2,348,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK GIRLS CODE INC PURPOSE: Support Charity | $20,000 |
ALZHEIMERS ASSOCIATION PURPOSE: Support Charity | $45,000 |
BOYS & GIRLS CLUB OF GREATER SALT LAKE PURPOSE: Support Charity | $20,000 |
FOOD BANK OF THE ROCKIES PURPOSE: Support Charity | $40,000 |
BOYS & GIRLS CLUB OF THE PENINSULA PURPOSE: Support Charity | $30,000 |
GIRL SCOUTS OF NO CALIFORNIA PURPOSE: Support Charity | $5,000 |