Equality Utah Foundation EIN 84-1633004

Equality Utah Foundation

EIN  84-1633004 Public charity (501(c)(3)) Salt Lake Cty, UT
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Size
$1–10M
What they do
Advocates for LGBTQ Utahns' equal rights and protections.
Leadership
Troy Williams · Executive Di · $118K
Money in and out
$1.1M revenue, $1.2M expenses
Bottom line
77% program efficiency

Advocates for LGBTQ Utahns' equal rights and protections. For fiscal year 2024 it reported $1.1M in revenue, $1.2M in expenses, and $1.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$147K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.15 Fundraising $0.07
Program efficiency
77%
of spending reaches programs0% vs prior filing year
Operating runway
12.2mo
months of highly liquid reserves at operating expense rate▲ +15% vs prior filing year
Surplus margin
-14%
revenue over expenses, this year▲ +73% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.1M
FY2024▲ +12%
Expenses
$1.2M
FY2024▼ -15%
Total assets
$1.3M
FY2024▼ -4%
Total liabilities
$33K
FY2024▼ -56%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$147K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

2 program services account for $919K of program spending, described in the organization's own filed words · FY2024.
01

Our ambassador program trains LGBTQ students in effective advocacy, how to conduct voter registration drives, and how to build bridges with people who see the world differently. In february, we will bring these students to the capitol for our legislative summit.

$734Kprogram expense
02

Equality utah is the state's premier LGBTQ+ advocacy organization. Our bel program specializes in education that creates belonging in the workplace. We meet people where they are, build on shared values, and provide actionable tools to improve workplace culture and understanding.

$185Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEquality Utah Foundation
EINHdr · item D84-1633004
Principal addressHdr · item CSalt Lake Cty, UT
WebsiteHdr · item Jwww.equalityutah.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R30)
Ruling yearIRS BMFNov 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$118,451Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Troy Williams’s $118K as Executive Di is at the 36th percentile of top reported officer pay among 796 $1–10M civil rights & advocacy 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Troy Williams$118,451$140,000$156,593$125,604$118,516

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.

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Statement of Revenue

Part VIII
Contributions & grants$933K · 86%
Program service revenue$192K · 18%
Investment income$29K · 3%
Contributions & grants86%$933K
Program service revenue18%$192K
Investment income3%$29K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.15 Fundraising $0.07
Program services77%$956K
Management & general15%$191K
Fundraising7%$90K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$245K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$33K
Total net assetsLn 32$1.3M
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3M · Operating expenses/yr $1.2M
12.2 months
Where the money goes
Program services
Program services $956K · Total expenses $1.2M
77%
Management & General
Management & general $191K · Total expenses $1.2M
15%
Fundraising
Fundraising $90K · Total expenses $1.2M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $68K · Solicited contributions (3-yr avg) $1.2M
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $933K · Total revenue $1.1M
86%
Government reliance
Government grants — · Total revenue $1.1M
Earned-income share
Program service revenue $192K · Total revenue $1.1M
18%
Investment reliance
Investment income $29K · Total revenue $1.1M
+3%
Program self-sufficiency
Program service revenue $192K · Total expenses $1.2M
16%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $970K
+12%
Revenue CAGR
FY2020 $678K · FY2024 $1.1M
+13%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $1.2M
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $1.3M · Total assets $1.3M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
77%
People & payroll
Highest Reported Total Compensation
Individual Troy Williams · Reported title EXECUTIVE DI · Highest reported compensation $118K · Total expenses $1.2M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $714K · Total expenses $1.2M
58%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 15%
Fundraising cost ratio 10%
Revenue growth 12%
Legal fee ratio 0%
Accounting fee ratio 1%

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 · 8 grants · $607K · 2022–2024
Unitemized GrantFY2024$137,301
Unitemized GrantFY2024$17,000
Unitemized GrantFY2023$198,750
Unitemized GrantFY2023$10,500
Razom INCNY · FY2022$76,621
Lifting Hands InternationalAZ · FY2022$76,621
Unitemized GrantFY2022$70,500
Unitemized GrantFY2022$19,555

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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)$1.1M revenue · viewing · ⤓ 990 PDF
FY2023$970K revenue · ⤓ 990 PDF
FY2022$1.5M revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$678K 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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