Meaning Foundation EIN 83-1707308

Meaning Foundation

EIN  83-1707308 Public charity (501(c)(3)) Park City, UT
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/14/26 · see original filing: IRS
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Size
$1–10M
What they do
Helps formerly incarcerated individuals find meaningful jobs through healing and job training.
Leadership
Taylor Adams · Chief Executive Officer
Money in and out
$1.6M revenue, $1.5M expenses
Bottom line
90% program efficiency

Helps formerly incarcerated individuals find meaningful jobs through healing and job training. For fiscal year 2024 it reported $1.6M in revenue, $1.5M in expenses, and $1.2M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $113K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program efficiency
90%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
9.8mo
months of highly liquid reserves at operating expense rate▼ -44% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▼ -88% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.6M
FY2024▼ -3%
Expenses
$1.5M
FY2024▲ +122%
Total assets
$1.2M
FY2024▲ +11%
Total liabilities
$8K
FY2024
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$113K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 41
Mission & Programs · Part III

Where the work happens

1 program service account for $1.3M of program spending, described in the organization's own filed words · FY2024.
01

The Meaning Foundations program model establishes scalable employment pipelines between human services organizations and enterprise employers.

$1.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMeaning Foundation
EINHdr · item D83-1707308
Principal addressHdr · item CPark City, 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 BMFHuman Services (P99)
Ruling yearIRS BMFSep 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1b1
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
Chief Executive Officer
$0Pt VII · Sec A
See Meaning Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$1.6M · 99%
Other revenue$14K · 1%
Contributions & grants99%$1.6M
Other revenue1%$14K
Total revenueLn 12$1.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program services90%$1.3M
Management & general7%$97K
Fundraising3%$47K
Total functional expensesLn 25$1.5M

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$1.2M
Total liabilitiesLn 26$8K
Total net assetsLn 32$1.2M
Months of cash on handcomputed9.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $1.5M
9.8 months
Where the money goes
Program services
Program services $1.3M · Total expenses $1.5M
90%
Management & General
Management & general $97K · Total expenses $1.5M
7%
Fundraising
Fundraising $47K · Total expenses $1.5M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $32K · Solicited contributions (3-yr avg) $1.1M
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.6M · Total revenue $1.6M
99%
Government reliance
Government grants $0 · Total revenue $1.6M
0%
Earned-income share
Program service revenue $0 · Total revenue $1.6M
0%
Investment reliance
Investment income $0 · Total revenue $1.6M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.5M
0%
Growth & trend
Revenue growth (YoY)
This year $1.6M · Prior year $1.7M
-3%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.6M · Expenses $1.5M
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.2M
0%
People & payroll
Highest Reported Total Compensation
Individual Taylor Adams · Reported title Chief Executive Officer · Highest reported compensation $0 · Total expenses $1.5M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $1.5M
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 7%
Fundraising cost ratio 3%
Revenue growth -3%
Investment management fee ratio 0%
Legal fee ratio 1%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · FY2024
See all 13 funders →
Grants paid · 4 grants · $170K · 2023–2024
Avisare CorpFY2024$100,000
Belief Partners LLCFY2024$35,000
Risetogetherventuresorg INCUT · FY2023$25,000
Indego Africa ProjectNY · FY2023$10,000

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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)$1.6M revenue · viewing · ⤓ 990 PDF
FY2023$1.7M revenue · ⤓ 990 PDF
FY2022$102K revenue · ⤓ 990 PDF
FY2021$0 revenue · ⤓ 990 PDF
FY2020$18K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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