SORENSON IMPACT FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: SORENSON IMPACT FOUNDATION (EIN 45-3203840)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-11-15
IRS object ID: 201703199349104635
Schema version: 2016v3.0
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
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	2017-11-15T16:52:13-08:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2016-01-01	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	8014901000	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	2017-11-15	SignatureDt

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2017-02-10 21:41:12Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$111,849,548	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	$718,085	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$8,179	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$8,179	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$1,625,905	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$1,625,905	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$679,358	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$15,587,609	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$682,924	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$213,357	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$762,285	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$3,244,884	TotalRevAndExpnssAmt
Total Net Invst Incm	$3,079,293	TotalNetInvstIncmAmt
Legal Fees Rev And Expnss	$48,579	LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl	$48,579	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$42,361	AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss	$385,722	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$329,222	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$56,500	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$76,240	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$13,740	TaxesNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss	$27,123	TravConfMeetingRevAndExpnssAmt
Other Expenses Rev And Expnss	$11,395	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$591,420	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$342,962	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$105,079	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$3,090,250	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$3,090,250	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$3,681,670	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$342,962	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$3,195,329	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$436,786	ExcessRevenueOverExpensesAmt
Net Investment Income	$2,736,331	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$627,591	CashBOYAmt
Cash EOY	$6,679	CashEOYAmt
Cash EOYFMV	$6,679	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$9,680,723	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$4,405,933	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$4,405,933	SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY	$1,030,386	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$1,002,004	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$1,002,004	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$53,229,502	CorporateStockBOYAmt
Corporate Stock EOY	$59,278,304	CorporateStockEOYAmt
Corporate Stock EOYFMV	$59,278,304	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$6,048,168	CorporateBondsBOYAmt
Corporate Bonds EOY	$6,769,511	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$6,769,511	CorporateBondsEOYFMVAmt
Other Investments BOY	$56,835,517	OtherInvestmentsBOYAmt
Other Investments EOY	$54,795,902	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$34,224,726	OtherInvestmentsEOYFMVAmt
Other Assets BOY	$4,014,883	OtherAssetsBOYAmt
Other Assets EOY	$6,162,391	OtherAssetsEOYAmt
Other Assets EOYFMV	$6,162,391	OtherAssetsEOYFMVAmt
Total Assets BOY	$131,466,770	TotalAssetsBOYAmt
Total Assets EOY	$132,420,724	TotalAssetsEOYAmt
Total Assets EOYFMV	$111,849,548	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$4,870	AccountsPayableBOYAmt
Accounts Payable EOY	$12,373	AccountsPayableEOYAmt
Total Liabilities BOY	$4,870	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$12,373	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Retained Earning BOY	$131,461,900	RetainedEarningBOYAmt
Retained Earning EOY	$132,408,351	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$131,461,900	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$132,408,351	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$131,466,770	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$132,420,724	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$131,461,900	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$436,786	ExcessRevenueOverExpensesAmt
Other Increases	$1,383,237	OtherIncreasesAmt
Subtotal	$132,408,351	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$132,408,351	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Field	Value	IRS element (for citing)
Property	Publicly Traded Securities	PropertyDesc
How Acquired	P	HowAcquiredCd
Gross Sales Price	$15,587,609	GrossSalesPriceAmt
Cost Or Other Basis	$14,904,685	CostOrOtherBasisAmt
Gain Or Loss	$682,924	GainOrLossAmt
Gains Minus Excess Or Losses	$682,924	GainsMinusExcessOrLossesAmt

Field	Value	IRS element (for citing)
Capital Gain Net Income	$682,924	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$54,727	InvestmentIncomeExciseTaxAmt
Subtotal	$54,727	SubtotalAmt
Tax Based On Investment Income	$54,727	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$70,660	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$70,660	TotalPaymentsAndCreditsAmt
Overpayment	$15,933	OverpaymentAmt
Applied To ES Tax	$15,933	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	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	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 (2 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	$329,222
University of Utah
201 Presidents Circle	Salt Lake City	UT	84112	Consulting	$56,500

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	Maycomb Capital: Addressing underserved markets and communities through outcomes-based projects to assist those in need of stable housing, job opportunities, and access to education.	Description1Txt
Expenses1	$500,000	Expenses1Amt
Description2	Quidnet Energy: Addressing environmental issues with traditional energy generation methods and providing solutions to electricity grid limitations.	Description2Txt
Expenses2	$250,000	Expenses2Amt
All Other Program Rltd Invst Tot	$1,418,532	AllOtherProgramRltdInvstTotAmt
Total	$2,168,532	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$69,610,974	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$9,431,312	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$26,233,981	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$105,276,267	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$105,276,267	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,579,144	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$103,697,123	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$5,184,856	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$5,184,856	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$54,727	TaxBasedOnInvestmentIncomeAmt
Total Tax	$54,727	TotalTaxAmt
Distributable Before Adj	$5,130,129	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$27,293	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$5,157,422	DistributableBeforeDedAmt
Distributable As Adjusted	$5,157,422	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$3,195,329	ExpensesAndContributionsAmt
Program Related Invst Total	$2,168,532	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$5,363,861	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$5,363,861	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$5,157,422	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4	$71,479	ExcessDistributionCyovYr4Amt
Total Excess Distribution Cyov	$71,479	TotalExcessDistributionCyovAmt
Qualifying Distributions	$5,363,861	QualifyingDistributionsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$5,157,422	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$206,439	RemainingDistriFromCorpusAmt
Total Corpus	$277,918	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$277,918	ExcessDistriCyovToNextYrAmt
Excess From Year4	$71,479	ExcessFromYear4Amt
Excess From Current Year	$206,439	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 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
Salt Lake County
2001 South State Street Suite S480	Salt Lake City	UT	84190	GOV	Herriman recreation center	$31,250
University of Utah
201 Presidents Circle	Salt Lake City	UT	84112	GOV	Impact Center; Medical Discovery Center; Research	$2,068,500
Utah Chamber Artists
11640 S Littler Road	Sandy	UT	84092	PC	Musical composition & performance	$90,000
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
Salt Lake Community College
4600 S Redwood Rd AAB 101W	Salt Lake City	UT	84123	PC	Partnerships for accessing college	$10,000
Maliheh Free Clinic
415 East 3900 South	South Salt Lake City	UT	84107	PC	Healthy Families Support Program	$10,000
Deaf Education Families Project
18111 Nordoff Street	Northridge	CA	91330	PC	Online ASL instruction	$20,000
Ouelessebougou
343 West 400 South	Salt Lake City	UT	84101	PC	Program for nurturing nutrition & small scale farming	$16,500
Village Capital
2200 Century Parkway 100	Atlanta	GA	30345	PC	U.S. launch of Vilcap Communities program	$150,000
The Salvation Army of Salt Lake Cit
PO Box 2970	Salt Lake City	UT	84110	PC	Food pantry & family meals program	$30,000
Voices for Utah Children
747 E South Temple Suite 100	Salt Lake City	UT	84102	PC	Research and publishing	$6,500
Defy Ventures
154 Grand St 6th Floor	New York	NY	10013	PC	Research grant for evidence-based programs	$75,000
Orrin G Hatch Foundation
10 West 100 South Suite 323	Salt Lake City	UT	84101	PF	Hatch Center for Policy Studies	$250,000
Gallaudet University
800 Florida Avenue	Washington	DC	20002	PC	Entrepreneurship program	$140,000
FT Publications
330 Hudson Street 8th Floor	New York	NY	10013	NC	Sponsorship of Financial Times impact investing seminar	$55,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$3,090,250	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$8,179	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1,625,905	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$679,358	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	Passthrough Investments	Desc
Exclusion	14	ExclusionCd
Exclusion	$213,357	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$2,526,799	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$2,526,799	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	false	RelationshipsNonchrtblEOInd

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	$718,085	TotalContributionsAmt
Noncash Contribution	Yes (X)	NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Noncash Property	Promissiory note	NoncashPropertyDesc
Fair Market Value	$718,085	FairMarketValueAmt
Received	2016-12-31	ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	Accounting & Tax	CategoryTxt
Amt	$42,361	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 (17 entries)

DescDesc	AmtAmt
Owl Ventures: Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities.	$45,000
Elevar Equity: Developing essential products and services for disconnected communities in Latin America and Asia.	$34,000
Salt Lake County Pay for Success: Developing and instituting projects attempting to resolve homelessness and recitivism.	$200,000
Simpa Networks: Developing affordable and accessable solar energy solutions and providing economic development and job opportunities in India.	$47,014
Elevar Equity: Developing essential products and services for disconnected communities in Latin America and Asia.	$16,500
Owl Ventures: Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities.	$50,000
Rimidi Diabetes: Improving health outcomes of at-risk populations which are overrepresented in chronic diseases, including diabetes.	$250,000
Salt Lake County Pay for Success: Low interest loan to Salt Lake County for projects attempting to resolve homelessness and recitivism.	$50,000
Croton Nut Industries: Assisting smallholder farmers in Kenya harvest and utilize crops more efficiently and for alternative uses providing increased livelihoods and job opportunities for the rural poor.	$125,000
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.	$8,905
Liberty & Justice: Addressing unemployment and access to healthcare in Liberia through increased job opportunities.	$175,000
Unitus Seed Fund: Prividing opportunities for economic self-reliance, education, and procurement of basic necessities to underprivileged individuals.	$50,000
Elevar Equity: Developing essential products and services for disconnected communities in Latin America and Asia.	$18,500
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
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.	$28,113
Owl Ventures: Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities.	$50,000
Elevar Equity: Developing essential products and services for disconnected communities in Latin America and Asia.	$20,500

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (20 entries)

BondBondNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
Boeing CO GLB Mar 2019	$554,760	$554,760
Comcast Corp Jan 2017	$515,601	$515,601
DirectTV Holdings Apr 2024	$421,377	$421,377
General Electric May 2018	$266,155	$266,155
Goldman Sachs Group Jan 2018	$534,258	$534,258
Marathon Oil Corp Feb 2019	$276,719	$276,719
Metlife Inc Ser A Aug 2018	$551,832	$551,832
Newell Rubbermaid Aug 2020	$540,153	$540,153
Newmont Mining Corp Oct 2019	$216,462	$216,462
Northrop Grumman Corp Mar 2016
Textron Inc Mar 2021	$415,734	$415,734
Walgreen Co Jan 2019	$62,779	$62,779
Williams Companies Jan 2023
AT&T Inc May 2018	$264,330	$264,330
HCP Inc GLB Mar 2024	$515,827	$515,827
Republic Services GLB May 2023	$384,334	$384,334
Apple Inc GLB Feb 23	$304,883	$304,883
Enterprise Products Feb 2024	$209,201	$209,201
Enterprise Products Feb 2022	$213,874	$213,874
Morgan Stanley Jul 2025	$521,232	$521,232

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	$59,278,304	EOYBookValueAmt
EOYFMV	$59,278,304	EOYFMVAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
State Local Sec Book Vl EOY	$1,002,004	StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV	$1,002,004	StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (15 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
ML Winton Futures Access	FMV	$667,207	$667,207
Ascend Access LTD	FMV	$953,782	$953,782
Brevan Howard Mulit-Strategy	FMV
Carlson Double Black Diamond	FMV	$1,562,187	$1,562,187
OZOFII Access LTD	FMV	$1,965,303	$1,965,303
Sirios Access LTD	FMV
Blackstone Strategic Partners	FMV	$293,567	$293,567
CSP III Distressted Opportunities	FMV	$276,745	$276,745
Czech II Senior Loan Trust	FMV	$448,266	$448,266
GSO Mezzanine Finance Fund	FMV	$345,054	$345,054
SLP IV Technology Fund	FMV	$376,276	$376,276
Privately-held securities	FMV	$47,580,928	$27,009,752
LS Real Estate Recoverty IV Trust	FMV	$118,568	$118,568
Czech III Senior Loan Trust	FMV	$188,666	$188,666
Turner-Agassi Educational Facilities	FMV	$19,353	$19,353

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	Legal	CategoryTxt
Legal Fees	$48,579	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$48,579	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
Accrued interest - PRI loans	$73,383	$67,579	$67,579
Program related investments	$3,929,473	$6,070,712	$6,070,712
State tax refund	$12,027	$24,100	$24,100

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
Bank charges	$54
HR services	$643
Insurance	$8,715
Licenses & Fees	$50
Postage	$188
Security	$1,009
Storage	$563
Supplies	$106
Telephone	$67

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	Passthrough Investments	Desc
Revenue And Expenses Per Books	$213,357	RevenueAndExpensesPerBooksAmt
Net Investment Income	$762,285	NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Investment management	$329,222	$329,222	$0	$0
Program-related investment services	$56,500	$0	$0	$56,500

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt
Federal Excise Tax	$62,500
Foreign Taxes	$13,740	$13,740