SORENSON IMPACT FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: SORENSON IMPACT FOUNDATION (EIN 45-3203840)
Tax period: 2017-01-01 to 2017-12-31
Filed: 2018-11-15
IRS object ID: 201823199349104467
Schema version: 2017v2.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Accounting Fees Schedule
All Oth Prog Rltd Investments Sch
Contractor Compensation Expln
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Govt Obligations Sch
Investments Other Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-11-15T13:56:25-08:00	ReturnTs
Tax Period End	2017-12-31	TaxPeriodEndDt
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2017-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	453203840	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Sorenson Impact Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SORE	BusinessNameControlTxt
Phone	8014901013	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	299 S Main Street	AddressLine1Txt
City	Salt Lake City	CityNm
State Abbreviation	UT	StateAbbreviationCd
ZIP	84111	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	James Lee Sorenson	PersonNm
Person Title	President	PersonTitleTxt
Signature	2018-11-15	SignatureDt

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2019-02-21 02:37:17Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$144,695,092	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$15,167	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$3,628	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$3,628	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$2,442,078	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$2,389,241	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$917,822	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$6,928,486	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$921,537	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$169,388	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$292,064	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$3,548,083	TotalRevAndExpnssAmt
Total Net Invst Incm	$3,606,470	TotalNetInvstIncmAmt
Oth Empl Slrs Wgs Rev And Expnss	$145,140	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$145,140	OthEmplSlrsWgsDsbrsChrtblAmt
Legal Fees Rev And Expnss	$52,262	LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl	$52,262	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$83,793	AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss	$357,396	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$320,393	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$30,000	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$66,508	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$10,522	TaxesNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss	$63,304	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl	$63,304	TravConfMeetingDsbrsChrtblAmt
Printing And Pub Rev And Expnss	$6	PrintingAndPubRevAndExpnssAmt
Other Expenses Rev And Expnss	$14,989	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$783,398	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$330,915	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$290,706	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$985,120	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$985,120	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$1,768,518	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$330,915	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$1,275,826	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$1,779,565	ExcessRevenueOverExpensesAmt
Net Investment Income	$3,275,555	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$6,679	CashBOYAmt
Cash EOY	$10,149	CashEOYAmt
Cash EOYFMV	$10,149	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$4,405,933	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$5,505,914	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$5,505,914	SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY	$1,002,004	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$950,039	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$950,039	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$59,278,304	CorporateStockBOYAmt
Corporate Stock EOY	$73,233,482	CorporateStockEOYAmt
Corporate Stock EOYFMV	$73,233,482	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$6,769,511	CorporateBondsBOYAmt
Corporate Bonds EOY	$5,924,008	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$5,924,008	CorporateBondsEOYFMVAmt
Other Investments BOY	$54,795,902	OtherInvestmentsBOYAmt
Other Investments EOY	$49,077,846	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$49,077,846	OtherInvestmentsEOYFMVAmt
Other Assets BOY	$6,162,391	OtherAssetsBOYAmt
Other Assets EOY	$9,993,654	OtherAssetsEOYAmt
Other Assets EOYFMV	$9,993,654	OtherAssetsEOYFMVAmt
Total Assets BOY	$132,420,724	TotalAssetsBOYAmt
Total Assets EOY	$144,695,092	TotalAssetsEOYAmt
Total Assets EOYFMV	$144,695,092	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$12,373	AccountsPayableBOYAmt
Accounts Payable EOY	$3,100	AccountsPayableEOYAmt
Total Liabilities BOY	$12,373	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$3,100	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Retained Earning BOY	$132,408,351	RetainedEarningBOYAmt
Retained Earning EOY	$144,691,992	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$132,408,351	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$144,691,992	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$132,420,724	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$144,695,092	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$132,408,351	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$1,779,565	ExcessRevenueOverExpensesAmt
Other Increases	$10,504,076	OtherIncreasesAmt
Subtotal	$144,691,992	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$144,691,992	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	AcquiredAcquiredDt	SoldSoldDt
Publicly traded securities	P	$5,303,953	$4,499,818	$804,135	$804,135
ML Winton Futures Access LLC	P	$657,254	$657,131	$123	$123	2012-05-01	2017-09-30
Ascend Access LTD	P	$967,279	$850,000	$117,279	$117,279	2012-05-01	2017-06-30

Field	Value	IRS element (for citing)
Capital Gain Net Income	$921,537	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$5,363,861	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$103,697,123	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.05173	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$3,130,213	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$101,339,091	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.03089	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$3,231,387	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$100,954,740	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.03201	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$2,308,372	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$99,995,788	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.02309	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$1,091,707	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$89,214,328	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.01224	DistributionYr5Rt
Total Distribution	0.149945	TotalDistributionRt
Average Distribution	0.029989	AverageDistributionRt
Net Vl Noncharitable Assets	$110,818,199	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$3,323,327	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$32,756	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$3,356,083	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$5,086,534	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$32,756	InvestmentIncomeExciseTaxAmt
Subtotal	$32,756	SubtotalAmt
Tax Based On Investment Income	$32,756	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$97,433	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$97,433	TotalPaymentsAndCreditsAmt
Overpayment	$64,677	OverpaymentAmt
Applied To ES Tax	$64,677	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Form990 T Filed	false	Form990TFiledInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	UT	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	sorensonimpactfoundation.org	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	Jim Sorenson	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8014901013	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	299 S Main Street Suite 2200	AddressLine1Txt
City	Salt Lake City	CityNm
State Abbreviation	UT	StateAbbreviationCd
ZIP	84111	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (true)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Undistr Incm Sect4942a2 Not App	false	UndistrIncmSect4942a2NotAppInd
Business Holdings	Yes (true)	BusinessHoldingsInd
Excess Business Holdings	false	ExcessBusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc	false	TransactionsFailToQlfyAsExcInd
Maintained Expenditure Rspns	Yes (true)	MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Proceeds Or Net Income	false	ProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
James Lee Sorenson
299 S Main Street Suite 2200	Salt Lake City	UT	84111	Director	10.00	$0
Krista Sorenson
299 S Main Street Suite 2200	Salt Lake Cit	UT	84111	Director	5.00	$0
Luke Sorenson
3400 N Ashton Boulevard	Lehi	UT	84043	Director	1.00	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
Merrill Lynch
101 California Street Suite 2100	San Francisco	CA	94111	Investment advice	$154,112
Sorenson Associates The Pointe LLC
299 S Main Street Suite 2200	Salt Lake City	UT	84111	Accounting	$81,638
Sepio Capital
50 California Street Suite 3525	San Francisco	CA	94111	Investment advice	$166,281

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	People's Pension Holding BV - Development of retirement savings products for low-income households in Ghana.	Description1Txt
Expenses1	$596,750	Expenses1Amt
Description2	Eneza: Providing access to education for those living in underserved areas of Africa.	Description2Txt
Expenses2	$500,000	Expenses2Amt
All Other Program Rltd Invst Tot	$2,713,958	AllOtherProgramRltdInvstTotAmt
Total	$3,810,708	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$80,128,907	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$7,795,885	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$24,580,994	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$112,505,786	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$112,505,786	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,687,587	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$110,818,199	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$5,540,910	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$5,540,910	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$32,756	TaxBasedOnInvestmentIncomeAmt
Total Tax	$32,756	TotalTaxAmt
Distributable Before Adj	$5,508,154	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$27,974	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$5,536,128	DistributableBeforeDedAmt
Distributable As Adjusted	$5,536,128	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$1,275,826	ExpensesAndContributionsAmt
Program Related Invst Total	$3,810,708	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$5,086,534	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$32,756	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$5,053,778	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$5,536,128	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$71,479	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr1	$206,439	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$277,918	TotalExcessDistributionCyovAmt
Qualifying Distributions	$5,086,534	QualifyingDistributionsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$5,086,534	AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus	$277,918	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$277,918	ExcessDistributionCyovAppCYAmt
Undistributed Income CY	$171,676	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (15 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
Junior Achievement
515 East 100 South Suite 200	Salt Lake City	UT	84102	PC	JA program school sponsorship	$12,500
Utah Chamber Artists
11640 S Littler Road	Sandy	UT	84092	PC	Musical composition & performance	$100,000
Utah Food Bank
3150 South 900 West	Salt Lake City	UT	84191	PC	Emergency food assistance	$25,000
American Indian Services
1902 N Canyon Rd Suite 100	Provo	UT	84604	PC	Scholarships	$100,000
Guadalupe Center
509 Hope Circle	Immokalee	FL	34142	PC	Early childhood education programs	$25,000
Choice Humanitarian
7879 S 1530 W Suite 200	Salt Lake City	UT	84088	PC	Farming assistanct program	$92,620
Village Capital
2200 Century Parkway 100	Atlanta	GA	30345	PC	U.S. launch of Vilcap Communities program	$250,000
The Salvation Army of Salt Lake Cit
PO Box 2970	Salt Lake City	UT	84110	PC	Food pantry & family meals program	$20,000
Gallaudet University
800 Florida Avenue	Washington	DC	20002	PC	Entrepreneurship program	$100,000
FT Publications
330 Hudson Street 8th Floor	New York	NY	10013	NC	Sponsorship of Financial Times impact investing seminar	$90,000
Utah Community Action
1307 S 900 W	Salt Lake city	UT	84104	PC	Head Start program; Refugee assistance	$75,000
Envision Utah
254 S 600 E Suite 201	Salt Lake City	UT	84102	PC	Maximizing Opportunities for Children program	$10,000
United Way of Utah County
148 N 100 W	Provo	UT	84601	PC	Neighborhood partnership program	$10,000
Pasadena Playhouse
39 S El Molino	Pasadena	CA	91104	PC	Funding for Our Town production	$25,000
New Venture Fund
1201 Connecticut Avenue NW 300	Washington	DC	20036	PC	Impact investing alliance	$50,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$985,120	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$3,628	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2,442,078	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$917,822	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	Passthrough Investments	Desc
Exclusion	14	ExclusionCd
Exclusion	$169,388	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$3,532,916	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$3,532,916	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	Yes (true)	RelationshipsNonchrtblEOInd

Relationship Schedule Detail RelationshipScheduleDetail

Organization Business Name OrganizationBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Friends of Art Works	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Organization Type	501(c)(4)	OrganizationTypeDesc
Relationship Description	Sorenson Impact Foundation shares a common director with Friends of Art Works for Kids	RelationshipDescriptionTxt

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	JLS Revocable Trust	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	6900 S 900 E Suite 230	AddressLine1Txt
City	Midvale	CityNm
State Abbreviation	UT	StateAbbreviationCd
ZIP	84047	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$15,167	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	Accounting & Tax	CategoryTxt
Amt	$83,793	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp (14 entries)

DescDesc	AmtAmt
Owl Ventures: Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities.	$25,000
Elevar Equity: Developing essential products and services for disconnected communities in Latin America and Asia.	$134,500
Kasha: Providing affordable access to hygiene products for women and young girls in Rwanda and other east African countries	$250,000
Arbutus Medical: Developing safer surgical toos for use in emerging markets to improve patient outcomes and increase affordable healthcare access	$494,227
ePesos: Accelerating financial inclusion in Latin America through payments technology	$125,000
Graduation Alliance: Increasing high school graduation rates, expanding job opportunities and bettering lifetime earnings potential for at-risk populations.	$100,000
VilCap Investments: Investing in companies that enable positive social and/or environmental impact such as: clean energy, increasing access to education and healthcare, and improving livelihoods of underprivilged populations.	$99,887
Massachusetts Pathways: Increasing access to vocational english classes and skills training to uderprivileged populations	$101,190
Better World Wireless: Offering mobile solutions to vulnerable populations for the purposes of increasing livelihoods and access to housing, health care, and job opportunities.	$250,000
Copia: Providing access to life necessities and creating job opportunities in Africa	$101,178
Eleos Social Venture Fund: Improving sanitation, healthcare, education, energy, water and rural livlihoods in east Africa	$162,500
Stony Creek: Developing environmentally safe alternatives to synthetic dys and improving livlihoods of farmers	$320,476
Capria: Creation of early-stage impact investment funds in emerging markets with the ability to improve the lives of low-income individuals	$50,000
InReturn Strategies: Enabling people with disabilities to find and maintain meaningful employment	$500,000

Contractor Compensation Expln ContractorCompensationExpln

Contractor Comp Expln ContractorCompExplnGrp (3 entries)

ExplanationExplanationTxt
Merrill Lynch
Merrill Lynch provides investment management services and advice. Compensation is determined at arms length and is reasonable based on fair value of the services received.
Sepio Capital
Sepio Capital provides investment management services and advice. Compensation is determined at arms length and is reasonable based on fair value of the services received.
Sorenson Associates The Pointe LLC
Sorenson Associates provides accounting and tax related services for the foundation. Compensation is reasonable based on fair value of the services provided.

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (17 entries)

BondBondNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
Boeing CO GLB Mar 2019	$522,995	$522,995
DirectTV Holdings Apr 2024	$423,124	$423,124
General Electric May 2018	$252,983	$252,983
Goldman Sachs Group Jan 2018	$500,790	$500,790
Metlife Inc Ser A Aug 2018	$514,655	$514,655
Newell Rubbermaid Aug 2020	$525,715	$525,715
Newmont Mining Corp Oct 2019	$208,410	$208,410
Textron Inc Mar 2021	$411,580	$411,580
Walgreen Co Jan 2019	$59,756	$59,756
AT&T Inc May 2018	$253,393	$253,393
HCP Inc GLB Mar 2024	$523,095	$523,095
Republic Services GLB May 2023	$380,244	$380,244
Apple Inc GLB Feb 23	$304,065	$304,065
Enterprise Products Feb 2024	$208,400	$208,400
Enterprise Products Feb 2022	$209,282	$209,282
Morgan Stanley Jul 2025	$523,525	$523,525
Accrued interest	$101,996	$101,996

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	Publicly traded securities (see stmt)	StockNm
EOY Book Value	$73,233,482	EOYBookValueAmt
EOYFMV	$73,233,482	EOYFMVAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
State Local Sec Book Vl EOY	$950,039	StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV	$950,039	StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (11 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
Carlson Double Black Diamond	FMV	$1,496,891	$1,496,891
OZOFII Access LTD	FMV	$2,186,630	$2,186,630
Blackstone Strategic Partners	FMV	$246,410	$246,410
CSP III Distressted Opportunities	FMV	$166,319	$166,319
Czech II Senior Loan Trust	FMV	$321,449	$321,449
GSO Mezzanine Finance Fund	FMV	$308,147	$308,147
SLP IV Technology Fund	FMV	$507,817	$507,817
Privately-held securities	FMV	$43,394,516	$43,394,516
LS Real Estate Recoverty IV Trust	FMV	$124,051	$124,051
Czech III Senior Loan Trust	FMV	$195,231	$195,231
Turner-Agassi Educational Facilities	FMV	$130,385	$130,385

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	Legal	CategoryTxt
Legal Fees	$52,262	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$52,262	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
Accrued interest - PRI loans	$67,579	$109,201	$109,201
Program related investments	$6,070,712	$9,872,379	$9,872,379
State tax refund	$24,100	$12,074	$12,074

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
Bank charges	$249
Dues & subscriptions	$12
Insurance	$5,811
IT services	$3,025
Licenses & fees	$74
Parking	$1,555
Postage	$430
Storage	$559
Supplies	$2,431
Telephone	$843

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	Passthrough Investments	Desc
Revenue And Expenses Per Books	$169,388	RevenueAndExpensesPerBooksAmt
Net Investment Income	$292,064	NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
HR services	$7,003	$0	$0	$0
Investment management	$320,393	$320,393	$0	$0
Program-related investment services	$30,000	$0	$0	$30,000

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt
Federal income taxes	$46,000
Foreign taxes	$10,522	$10,522
Payroll taxes	$9,986