4thought Foundation FY2020 filing

EIN 27-1915662 Unknown exempt organization Draper, UT
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Revenue & expenses by yearFY2020–FY2024
Revenue
$689K
FY2020
Expenses
$300K
FY2020

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


4thought Foundation is a nonprofit organization based in Draper, UT. For fiscal year 2020 it reported $689K in revenue, $300K in expenses, and $414K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Draper, UT
Filings
5 on file (2020–2020)
Revenue
$689KFY2020
Expenses
$300K
Net assets
$414K
People
5
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Provided by the organization

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Size
<$100K
What they do
a nonprofit organization
Leadership
Alison Nielson · Chair
Money in and out
$689K revenue, $300K expenses
Bottom line
+56% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

NEUTRAL

Not on file

IRS deductibility code is not on file for this EIN. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Amazonsmile Foundation

1 distinct foundation funder(s) on file, $256 received in the most recent year with grants. See detail →

How is the money spent?

GOOD

97% to programs

97% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

<$100K

Revenue band <$100K. Not enough years on file for a trend. See detail →

Reported financial activity · FY2020
Total revenue
$689K
Pt VIII · Ln 12
Total expenses
$300K
Pt IX · Ln 25
Net assets
$414K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $390K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Surplus margin
+56%
revenue over expenses, this year
Program spending
97%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$414K
FY2020
Total liabilities
$0
FY2020
Revenue less expensesPt I · Ln 19$390K
Total assetsPt X · Ln 16$414K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item C4thought Foundation
EINHdr · item D27-1915662
Principal addressHdr · item CDraper, UT
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See 4thought Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

2 program services account for $291K of program spending, described in the organization's own filed words · FY2020.
01

Covid Hardship Support

The foundation distributed grants totaling $252,750 to 85 individuals impacted by covid 19.

$253Kprogram expense
02

General Fund Hardship Support

The foundation distributed grants totaling $38,027 to 10 individuals determined by the committee to have a charitable need as well as $500 to a 501(c)(3) organization that provides support to homeless individuals and families.

$39Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$689K
Investment income$435
Total revenueLn 12$689K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$291K
Management & general3%$9K
Total functional expensesLn 25$300K

Balance Sheet

Part X · end of year
CashLn 1$414K
Total assetsLn 16$414K
Total liabilitiesLn 26$0
Total net assetsLn 32$414K
Months of cash on handcomputed16.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $414K · Operating expenses/yr $300K
16.5 months
Where the money goes
Program services
Program services $291K · Total expenses $300K
97%
Management & General
Management & general $9K · Total expenses $300K
3%
Fundraising
Fundraising $0 · Total expenses $300K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $689K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $689K · Total revenue $689K
100%
Government reliance
Government grants — · Total revenue $689K
—
Earned-income share
Program service revenue $0 · Total revenue $689K
0%
Investment reliance
Investment income $435 · Total revenue $689K
+0.06%
Program self-sufficiency
Program service revenue $0 · Total expenses $300K
0%
Growth & trend
Revenue growth (YoY)
This year $689K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $414K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $689K · Expenses $300K
+56%
Liabilities-to-Assets
Total liabilities — · Total assets $414K
—
Net-asset ratio
Net assets $414K · Total assets $414K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $414K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alison Nielson · Reported title CHAIR · Highest reported compensation $0 · Total expenses $300K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $300K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0%——
Accounting fee ratio 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$256
Grants paid · 10 grants · $620K · 2020–2024
Habitat for HumanityFY2024$200,000
American Red CrossFY2024$114,281
Cleveland ClinicFY2024$1,500
Magfest INCMD · FY2024$1,337
American Red CrossFY2023$10,000
Earth Day Network INCDC · FY2023$286
The Trevor Project INCCA · FY2023$67
Unitemized GrantFY2020$252,750
Unitemized GrantFY2020$38,027

Compare

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$604 revenue · ⤓ 990 PDF
FY2023$925 revenue · ⤓ 990 PDF
FY2022$27K revenue · ⤓ 990 PDF
FY2021$31K revenue · ⤓ 990 PDF
FY2020$689K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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