Silver Reef Foundation INC FY2023 filing

Tax-deductible

Leeds, UT501(c)(3)Arts & CultureEIN 46-2394425Revenue $110K in FY2023

On file with the IRSsilverreef.orgPo Box 461388, 84746-1388 · Leeds, UTTax-exempt since Dec 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Preserve Silver Reef and Operate the Museum

501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
$32K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $52K a year · 38% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 37% of spending
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 15.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $750
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$110K
-22% vs prior year
Spent
$88K
To programs
49%
Net assets
$190K
By yearFY2020–FY2024
Revenue
$110K
FY2023▼ -22%
Tap a bar for its year
Revenue by fiscal year
FY2020$64K
FY2021$92K
FY2022$142K
FY2023$110K
FY2024$157K
Expenses
$88K
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$85K
FY2023$88K
FY2024$81K
Net assets
$190K
FY2023▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$75K
FY2021$110K
FY2022$167K
FY2023$190K
FY2024$266K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $43K Management & general 50% · $44K Fundraising 0% · $355

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation
$21,240Pt VII · Sec A
Assistant Manager
$11,245Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Roberta Wankier’s $20K as Director is at the 15th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Roberta Wankier$20,350$21,240$30,950$27,500$28,061
Thomas F Stirling$16,236$11,245———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Silver Reef Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves Silver Reef and operates its museum.

Provided by the organization

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1 program · $88K · in their own filed words · FY2023
01

Running the museum, maintaining the property, and sharing the history of Silver Reef.

$88Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$750

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$110K
Ln 12
Gifts and grantsLn 1h$77K
Fees for servicesLn 2g$20K
Other incomeLn 4–11$14K
Money outPt IX
$88K
Ln 25
Programscol B$43K
Managementcol C$44K
Fundraisingcol D$355
Owns and owesPt X
$190K
net assets · Ln 32
Cash and savingsLn 1–2$111K
Total assetsLn 16$191K
LiabilitiesLn 26$1K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$77K
Government grantsLn 1e$73K
Fees for servicesLn 2g$20K
Investment incomeLn 3$81
Other incomeLn 4–11$14K
Total revenueLn 12$110K
Assets in detailPt X, end of year
CashLn 1$111K
Cash and savings togetherLn 1–2$111K
Land, buildings, equipmentLn 10c$12K
Other assetsLn 15$41K
Total assetsLn 16$191K
LiabilitiesLn 26$1K
Net assetsLn 32$190K
OperationsPt I, VI
EmployeesI 52
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$95K$111K
Land, buildings, equipmentLn 10c$7K$12K
Total assetsLn 16$168K$191K
LiabilitiesLn 26$438$1K
Net assetsLn 32$167K$190K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$32K$16K$16K$150
Payroll taxesLn 10$2K$1K$1K$11
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$2K$280$1K$21
Information technologyLn 14$271$271
OccupancyLn 16$1$1
TravelLn 17$479$479
Conferences, conventions and meetingsLn 19$135$135
Depreciation, depletion and amortizationLn 22$3K$3K$99
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$32K$23K$9K
All other expensesLn 24e$4K$3K$930$74
Total functional expensesLn 25$88K$43K$44K$355

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $157K$81K$77K$266K 990 PDF
FY2023 Viewing $110K$88K$22K$190K 990 PDF
FY2022 $142K$85K$57K$167K 990 PDF
FY2021 $92K$110K 990 PDF
FY2020 $64K$75K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $110,401 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $105,223$76,757
I-9 Program service revenuePrior year $24,404$19,823
I-10 Investment incomePrior year $77$81
I-11 Other revenuePrior year $12,638$13,740
I-12 Total revenuePrior year $142,342$110,401
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $30,950$34,971
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $54,000$53,267
I-18 Total expensesPrior year $84,950$88,238
I-19 Revenue less expensesPrior year $57,392$22,163
Part VI · Governance 8 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $110,401 across 8 lines filed
Lines not itemized here account for $13,740 of total revenue; see the IRS return.
VIII-1b Membership dues$930
VIII-1e Government grants$72,950
VIII-1f All other contributions, gifts and grants$2,877
VIII-1h Total contributions, gifts and grants$76,757
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,823$19,823
VIII-3 Investment incomeRelated to mission $81$81
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $19,904 · Unrelated business $13,740$110,401
Part IX · Statement of functional expenses $88,238 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $16,243 · Management $16,093 · Fundraising $150$32,486
IX-10 Payroll taxesPrograms $1,244 · Management $1,230 · Fundraising $11$2,485
IX-11c Accounting feesManagement $1,935$1,935
IX-12 Advertising and promotionManagement $7,138$7,138
IX-13 Office expensesPrograms $280 · Management $1,429 · Fundraising $21$1,730
IX-14 Information technologyManagement $271$271
IX-16 OccupancyPrograms $1$1
IX-17 TravelManagement $479$479
IX-19 Conferences, conventions and meetingsManagement $135$135
IX-22 Depreciation, depletion and amortizationManagement $2,852 · Fundraising $99$2,951
IX-23 InsuranceManagement $2,501$2,501
IX-24 Other expenses (24a–d)Programs $23,018 · Management $9,450$32,468
IX-24e All other expensesPrograms $2,654 · Management $930 · Fundraising $74$3,658
IX-25 Total functional expensesPrograms $43,440 · Management $44,443 · Fundraising $355$88,238
Part X · Balance sheet $190,760 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $94,653$111,053
X-8 Inventories for sale or useStart of year $25,631$27,212
X-10c Land, buildings and equipment, netStart of year $6,828$11,811
X-15 Other assetsStart of year $40,684$40,684
X-16 Total assetsStart of year $167,796$190,760
X-17 Accounts payable and accrued expensesStart of year $438$1,238
X-26 Total liabilitiesStart of year $438$1,238
X-27 Net assets without donor restrictionsStart of year $125,984$170,597
X-28 Net assets with donor restrictionsStart of year $41,374$18,925
X-32 Total net assets or fund balancesStart of year $167,358$189,522
X-33 Total liabilities and net assetsStart of year $167,796$190,760
Part XI · Reconciliation of net assets $189,522 net assets at year end
XI-1 Total revenue$110,401
XI-2 Total expenses$88,238
XI-3 Revenue less expenses$22,163
XI-4 Net assets at start of year$167,358
XI-10 Net assets at end of year$189,522

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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