SORENSON IMPACT FOUNDATION: Form 990PF, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- SORENSON IMPACT FOUNDATION (EIN 45-3203840)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-11-16
- IRS object ID
- 201523209349103662
- Schema version
- 2014v5.0
- 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
- General Explanation Attachment
- 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 | 2015-11-16T15:08:50-08:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | 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 | Paul Ludlow | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Signature | 2015-11-16 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $112,616,000 | 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 | $4,613,251 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $4,568 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $4,568 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,722,353 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,734,502 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$10,870,877 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $16,488,726 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $972,242 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $29,169 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $305,685 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | -$4,501,536 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,016,997 | TotalNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $63,457 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $60,054 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $494,581 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $333,978 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $153,103 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $78,429 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $14,156 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $64,659 | TravConfMeetingRevAndExpnssAmt |
| Printing And Pub Rev And Expnss | $233 | PrintingAndPubRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $5,742 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $767,155 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $348,134 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $153,103 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,989,777 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,989,777 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,756,932 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $348,134 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,142,880 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$7,258,468 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,668,863 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $495,448 | CashBOYAmt |
| Cash EOY | $1,995,920 | CashEOYAmt |
| Cash EOYFMV | $1,995,920 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $2,718,077 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $8,120,742 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $8,120,742 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $901,588 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,311,670 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,311,670 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $26,540,359 | CorporateStockBOYAmt |
| Corporate Stock EOY | $47,200,651 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $47,200,651 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $6,390,649 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $6,232,999 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $6,232,999 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $100,217,116 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $66,126,507 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $45,671,579 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $967,537 | OtherAssetsBOYAmt |
| Other Assets EOY | $2,082,439 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,082,439 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $138,230,774 | TotalAssetsBOYAmt |
| Total Assets EOY | $133,070,928 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $112,616,000 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $20,646 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $10,515 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $20,646 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $10,515 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $138,210,128 | RetainedEarningBOYAmt |
| Retained Earning EOY | $133,060,413 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $138,210,128 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $133,060,413 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $138,230,774 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $133,070,928 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $138,210,128 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$7,258,468 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,108,753 | OtherIncreasesAmt |
| Subtotal | $133,060,413 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $133,060,413 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $972,242 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $53,377 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $53,377 | SubtotalAmt |
| Tax Based On Investment Income | $53,377 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $81,871 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $81,871 | TotalPaymentsAndCreditsAmt |
| Overpayment | $28,494 | OverpaymentAmt |
| Applied To ES Tax | $28,494 | 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 | Yes (true) | 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 | Paul Ludlow | 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 | false | 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 | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | 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 (4 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 | $333,978 |
| University of Utah | |||||
| 540 Arapeen Drive Suite 250 | Salt Lake City | UT | 84108 | Consulting | $153,103 |
| Sorenson Associates The Pointe LLC | |||||
| 299 S Main Street Suite 2200 | Salt Lake City | UT | 84111 | Accounting & Tax | $58,104 |
| Ray Quinney & Nebeker | |||||
| 36 S State Street Suite 1400 | Salt Lake City | UT | 84111 | Legal | $58,727 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Visage Holdings: Fostering economic development and job growth in India through loans to underserved populations. | Description1Txt |
| Expenses1 | $250,000 | Expenses1Amt |
| Description2 | Simpa Networks: Developing affordable and accessable solar energy and providing economic development in rural India. | Description2Txt |
| Expenses2 | $250,000 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $588,507 | AllOtherProgramRltdInvstTotAmt |
| Total | $1,088,507 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $61,396,326 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $4,001,451 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $37,094,345 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $102,492,122 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $102,492,122 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,537,382 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $100,954,740 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,047,737 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,047,737 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $53,377 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $53,377 | TotalTaxAmt |
| Distributable Before Adj | $4,994,360 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $4,994,360 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $4,994,360 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,142,880 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $1,088,507 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,231,387 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $3,231,387 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $4,994,360 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $640,998 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,502,938 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $581,967 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $3,725,903 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,231,387 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $3,231,387 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $1,762,973 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $1,762,973 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,962,930 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $1,962,930 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,380,963 | ExcessFromYear4Amt |
| Excess From Year2 | $581,967 | ExcessFromYear2Amt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Sorenson Impact Foundation | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| 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) |
|---|---|---|
| Recipient Phone | 8014901000 | RecipientPhoneNum |
| Recipient Email Address | info@sorensonimpactfoundation.org | RecipientEmailAddressTxt |
| Form And Info And Materials | Applicants may obtain a grant application by contacting the foundation at the above address. Information required by the foundation for consideration of a grant includes a description of the applicant's organization and mission, a specific request for funds, background information on directors and key personel and other information as outlined on the application. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | Quarterly; January 31, April 30, July 31, October 31 | SubmissionDeadlinesTxt |
| Restrictions On Awards | Awards will only be made for permitted charitable purposes consistent with the purpose and mission of the foundation. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Brigham Young University | ||||||
| 3328 TMCB | Provo | UT | 84602 | PC | Research for ASL display device | $50,000 |
| Junior Achievement | ||||||
| 515 East 100 South Suite 200 | Salt Lake City | UT | 84102 | PC | JA City funding and auction sponsorship | $12,500 |
| IVUmed | ||||||
| 3269 S Main Street Suite 230 | Salt Lake City | UT | 84115 | PC | Surgical workshop | $50,000 |
| Cause For Hope Foundation | ||||||
| 10421 South Jordan Gateway Suite 6 | South Jordan | UT | 84095 | PC | Teaching families to be self-reliant | $120,000 |
| 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 | PC | Global Impact Center | $230,000 |
| Utah Chamber Artists | ||||||
| 11640 S Littler Road | Sandy | UT | 84092 | PC | Musical composition & performance | $50,000 |
| 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 |
| American Cancer Society | ||||||
| 941 E 3300 S | Salt Lake City | UT | 84106 | PC | Hope Lodge capital campaign | $50,000 |
| Community Health Connect | ||||||
| 591 S State Street | Provo | UT | 84606 | PC | Volunteer provider network | $10,000 |
| Utah Community Foundation | ||||||
| One Utah Center | Salt Lake City | UT | 84111 | PC | General support & education funding | $50,000 |
| South Valley Sanctuary | ||||||
| PO Box 1028 | West Jordan | UT | 84084 | PC | Domestic violence shelter | $5,000 |
| Salt Lake Community College | ||||||
| 4600 S Redwood Rd AAB 101W | Salt Lake City | UT | 84123 | PC | Partnerships for accessing college | $10,000 |
| Guadalupe Center | ||||||
| 509 Hope Circle | Immokalee | FL | 34142 | PC | Early childhood education programs | $5,000 |
| Cal State Univ Northridge Foundation | ||||||
| 18111 Nordhoff Street | Northridge | CA | 91330 | PC | ASL tutoring and deaf education | $10,000 |
| Choice Humanitarian | ||||||
| 7879 S 1530 W Suite 200 | Salt Lake City | UT | 84088 | PC | Nepal Life economic development | $161,027 |
| Family Support Center | ||||||
| 1760 W 4805 S | Taylorsville | UT | 84129 | PC | Family crisis services | $10,000 |
| Salt Lake Choral Artists | ||||||
| 1359 E 6400 S | Salt Lake City | UT | 84121 | PC | Orpheus Lex opera | $10,000 |
| Dixie State University | ||||||
| 225 S 700 W | St George | UT | 84770 | PC | BTS arts endowment | $1,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,989,777 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,568 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,722,353 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 541519 | BusinessCd |
| Unrelated Business Taxbl Incm | -$11,808,517 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $937,640 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| Income from passthroughs | ||
| Interest from PRI | 14 | $29,169 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$11,808,517 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,693,730 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$9,114,787 | 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 Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sorenson Molecular Genealogy Fdtn | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | $4,612,751 | 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 | $60,054 | 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 (6 entries)
| DescDesc | AmtAmt |
|---|---|
| Liberty & Justice: Access to healthcare and addressing unemployment in Liberia | $75,000 |
| Copia Global: Providing access to life necessities and job opportunities in Africa | $75,000 |
| Unitus Seed Fund: Provide opportunities for economic self-reliance, education, and procurement of basic necessities to underprivileged individuals. | $187,198 |
| Elevar Equity: Developing essential products and services for disconnected communities in Latin America and Asia | $62,500 |
| 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 underprivileged populations. | $63,809 |
| STI Solutions: Assisting smallholder farmers in developing counties increase their efficiency and productivity and decrease pilferage, and increasing livelihoods and job opportunities for underprivilged populations. | $125,000 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|
| General Explanation Supplemental Information for Form 990-PF | Form 990-PFPart I, line 11(b)Description of other income: Investment income from K-1 passthrough |
| General Explanation Supplemental Information for Form 990-PF | Part VII-A, Line 11Controlled Entity (sold on 4/28/14):Sorenson Media, Inc.13961 Minuteman Drive, Suite 100Draper, UT 84020EIN 76-0793370 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (15 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Boeing CO GLB Mar 2019 | $585,883 | $585,883 |
| Comcast Corp Jan 2017 | $567,091 | $567,091 |
| DirectTV Holdings Apr 2024 | $422,970 | $422,970 |
| General Electric May 2018 | $283,651 | $283,651 |
| Goldman Sachs Group Jan 2018 | $568,955 | $568,955 |
| Marathon Oil Corp Feb 2019 | $301,273 | $301,273 |
| Metlife Inc Ser A Aug 2018 | $594,637 | $594,637 |
| Newell Rubbermaid Aug 2020 | $546,698 | $546,698 |
| Newmont Mining Corp Oct 2019 | $216,891 | $216,891 |
| Northrop Grumman Corp Mar 2016 | $275,026 | $275,026 |
| Textron Inc Mar 2021 | $415,503 | $415,503 |
| Walgreen Co Jan 2019 | $283,950 | $283,950 |
| Waste Management Mar 2019 | $615,537 | $615,537 |
| Williams Companies Jan 2023 | $274,545 | $274,545 |
| AT&T Inc May 2019 | $280,389 | $280,389 |
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 | $47,200,651 | EOYBookValueAmt |
| EOYFMV | $47,200,651 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| State Local Sec Book Vl EOY | $1,311,670 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $1,311,670 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (14 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ML Winton Futures Access | FMV | $671,584 | $671,584 |
| Ascend Access LTD | FMV | $979,680 | $979,680 |
| Brevan Howard Mulit-Strategy | FMV | $1,101,615 | $1,101,615 |
| Carlson Double Black Diamond | FMV | $1,520,695 | $1,520,695 |
| ESG Cross Border Equity | FMV | $289,380 | $289,380 |
| OZOFII Access LTD | FMV | $1,928,370 | $1,928,370 |
| Sirios Access LTD | FMV | $316,092 | $316,092 |
| Blackstone Strategic Partners | FMV | $30,000 | $30,000 |
| CSP III Distressted Opportunities | FMV | $205,149 | $205,149 |
| Czech II Senior Loan Trust | FMV | $241,456 | $241,456 |
| GSO Mezzanine Finance Fund | FMV | $223,244 | $223,244 |
| SLP IV Technology Fund | FMV | $98,229 | $98,229 |
| Elements Rogers Tr | FMV | $971,741 | $971,740 |
| Privately-held securities | FMV | $57,549,272 | $37,094,345 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal | CategoryTxt |
| Legal Fees | $63,457 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt | BOY Book ValueBOYBookValueAmt |
|---|---|---|---|
| Accrued interest - PRI loans | $29,169 | $29,169 | |
| Mediconnect escrow | $89,763 | $89,763 | $89,763 |
| Program related investments | $1,963,507 | $1,963,507 | $875,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| Bank charges | $85 |
| Insurance | $5,434 |
| Licenses & Fees | $50 |
| Postage | $118 |
| Storage | $55 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Interest from PRI | Desc |
| Revenue And Expenses Per Books | $29,169 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $29,169 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Investment management | $333,978 | $333,978 | $0 | $0 |
| Program-related investment services | $153,103 | $0 | $0 | $153,103 |
| Public relations | $7,500 | $0 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Federal Excise Tax | $77,000 | |
| Foreign Taxes | $1,429 | $14,156 |