Wayne Brown Institute
- Assets
- $227.0k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Salt Lake Cty, UT
- Founding
- 01/1985
- Data as of
- 12/2023
- EIN
- 94-2920519
Organization Overview
Wayne Brown Institute is located in Salt Lake Cty, UT. The organization was established in 1985. 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, Wayne Brown Institute employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne Brown Institute 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, Wayne Brown Institute generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $941.1k during the year ending 12/2023. While expenses have increased by 6.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION MENTORS, NURTURES, AND EDUCATES FIRST-TIME ENTREPRENEURS BY TEACHING FINANCIAL LITERACY, BUSINESS PRACTICES, JOB-SEEKING SKILLS, AND GUIDES ENTREPRENEURS ON HOW TO PLAN, BUILD AND LAUNCH THEIR OWN STARTUPS/ENTERPRISES. THE PROGRAMS OFFER EDUCATIONAL OPPORTUNITIES FOR DIVERSE ENTREPRENEURS WITH A GOAL TO BUILD SUSTAINABLE BUSINESSES, CREATE MEANINGFUL JOBS FOR THE WORKFORCE, AND IMPROVE ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MENTORS, NURTURES, AND EDUCATES FIRST-TIME ENTREPRENEURS BY TEACHING FINANCIAL LITERACY, BUSINESS PRACTICES, JOB-SEEKING SKILLS, AND GUIDES ENTREPRENEURS ON HOW TO PLAN, BUILD AND LAUNCH THEIR OWN STARTUPS/ENTERPRISES. THE PROGRAMS OFFER EDUCATIONAL OPPORTUNITIES FOR DIVERSE ENTREPRENEURS WITH A GOAL TO BUILD SUSTAINABLE BUSINESSES, CREATE MEANINGFUL JOBS FOR THE WORKFORCE, AND IMPROVE ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Spalding Executive Dir | Officer | 40 | $128,172 |
James Kemp Executive Dir | Officer | 40 | $15,625 |
Chris Badger Treasurer | OfficerTrustee | 1 | $0 |
Chris Anderson Secretary | OfficerTrustee | 1 | $0 |
Michael Keene Trustee | Trustee | 1 | $0 |
Matt Warnock Trustee | Trustee | 1 | $0 |
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 | $900,106 |
| Noncash contributions included in lines 1a–1f | $90,982 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $900,106 |
| Total Program Service Revenue | $144,797 |
| Investment income | $4,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,049,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $143,797 |
| Compensation of current officers, directors, key employees. | $8,052 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $230,348 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,914 |
| Advertising and promotion | $0 |
| Office expenses | $3,337 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,947 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,240 |
| All other expenses | $41,414 |
| Total functional expenses | $941,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,087 |
| Savings and temporary cash investments | $0 |
| 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 | $4,949 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $227,036 |
| Accounts payable and accrued expenses | $14,893 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $514,893 |
| Net assets without donor restrictions | -$496,911 |
| Net assets with donor restrictions | $209,054 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $227,036 |