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Smith Entertainment Group Foundation FY2022 filing

Tax-deductible

Salt Lake Cty, UT501(c)(3)Foundations & Grantmakers EIN 86-2243993Revenue $4.0M in FY2022Latest return filed Nov 14, 2025

On file with the IRS1420 S 500 W, 84115-5149 · Salt Lake Cty, UTTax-exempt since Jun 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Supporting important causes in our state, community, and nation as we work toward creating a better world.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
2 of 4
filings with a surplus
Average surplus $118K a year · 4% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $2.5M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
+142% vs prior year
Spent
$3.6M
To programs
99%
Net assets
$1.3M
By yearFY2021–FY2024
Revenue
$4.0M
FY2022▲ +142%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.6M
FY2022$4.0M
FY2023$3.6M
FY2024$2.5M
Expenses
$3.6M
FY2022▲ +365%
Tap a bar for its year
Expenses by fiscal year
FY2021$765K
FY2022$3.6M
FY2023$3.6M
FY2024$3.3M
Net assets
$1.3M
FY2022▲ +48%
Tap a bar for its year
Net assets by fiscal year
FY2021$879K
FY2022$1.3M
FY2023$1.3M
FY2024$473K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 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 Jun 2021.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $3.5M Management & general 1% · $19K

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

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Mike Maughan
Board President
$0Pt VII · Sec A
Jason White
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Smith Entertainment Group Foundation executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports important causes statewide and nationally to create a better world.

Questions for Smith Entertainment Group Foundation

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Your first name shows with your question. Smith Entertainment Group Foundation answers here, for everyone.

3 programs · $3.4M · in their own filed words · FY2022
01

The 10,000 degrees grant provides scholarships for underserved communities

$2.1Mprogram expense
02

AIRBNB.ORG provides lodging for refugees fleeing from ukraine.

$1.0Mprogram expense
03

The community foundation of utah provides help to people in ukraine through the utah for ukraine initiative.

$250Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$2.1M
Fidelity Investments Charitable Gift FundFY2024$300K
Social Impact FundFY2024$100K
Total grants receivedfrom 3 funders$2.5M
See all 3 funders →
Grants paid · 29 grants · $10.9M · 2021–2024
10000 DegreesCA · FY2024$3,039,603
Crewe FoundationUT · FY2024$31,000
Forever Young Foundation for ChildrenUT · FY2024$25,000
Chabad Lubavitch of Utah INCUT · FY2024$25,000
Gantry FoundationUT · FY2024$25,000
Tony Finau FoundationUT · FY2024$25,000
Days of 47 Rodeo Salt LakeUT · FY2024$6,000
10000 DegreesCA · FY2023$3,217,000
Salt Lake CityFY2023$100,000
Chabad Lubavitch of Utah INCUT · FY2023$50,000
Crewe FoundationUT · FY2023$26,000
Positive Coaching AllianceCA · FY2023$25,000
Tony Finau FoundationUT · FY2023$25,000
Gantry FoundationUT · FY2023$25,000
Forever Young Foundation for ChildrenUT · FY2023$25,000
Izzy's VillageFY2023$10,000
10000 DegreesCA · FY2022$2,150,000
AirbnborgCA · FY2022$1,000,000
See all 29 grants →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.0M
Ln 12
Gifts and grantsLn 1h$4.0M
Investment incomeLn 3$15K
Money outPt IX
$3.6M
Ln 25
Programscol B$3.5M
Managementcol C$19K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.3M
LiabilitiesLn 26$4K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.0M
Investment incomeLn 3$15K
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Total assetsLn 16$1.3M
LiabilitiesLn 26$4K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$836K$1.3M
Total assetsLn 16$879K$1.3M
LiabilitiesLn 26$0$4K
Net assetsLn 32$879K$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.5M$3.5M
Legal feesLn 11b$5K$5K
Other expenses (24a–d)Ln 24$14K$14K
Total functional expensesLn 25$3.6M$3.5M$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $2.5M$3.3M−$808K$473K 990 PDF
FY2023Filed with the IRS Nov 13, 2024 $3.6M$3.6M−$24K$1.3M 990 PDF
FY2022 ViewingFiled with the IRS Nov 15, 2023 $4.0M$3.6M$426K$1.3M 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $1.6M$765K$879K$879K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $3,984,712 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,644,401$3,969,425
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $23$15,287
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,644,424$3,984,712
I-13 Grants and similar amounts paidPrior year $700,000$3,540,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $65,272$19,133
I-18 Total expensesPrior year $765,272$3,559,133
I-19 Revenue less expensesPrior year $879,152$425,579
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $3,984,712 across 4 lines filed
VIII-1f All other contributions, gifts and grants$3,969,425
VIII-1h Total contributions, gifts and grants$3,969,425
VIII-3 Investment incomeRelated to mission $15,287$15,287
VIII-12 Total revenueRelated to mission $15,287 · Unrelated business $0 · Excluded from tax $0$3,984,712
Part IX · Statement of functional expenses $3,559,133 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $3,540,000$3,540,000
IX-11b Legal feesManagement $5,000$5,000
IX-24 Other expenses (24a–d)Management $14,133$14,133
IX-25 Total functional expensesPrograms $3,540,000 · Management $19,133 · Fundraising $0$3,559,133
Part X · Balance sheet $1,308,864 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $835,902$1,263,589
X-3 Pledges and grants receivableStart of year $43,250$45,275
X-16 Total assetsStart of year $879,152$1,308,864
X-17 Accounts payable and accrued expenses$4,133
X-26 Total liabilitiesStart of year $0$4,133
X-32 Total net assets or fund balancesStart of year $879,152$1,304,731
X-33 Total liabilities and net assetsStart of year $879,152$1,308,864
Part XI · Reconciliation of net assets $1,304,731 net assets at year end
XI-1 Total revenue$3,984,712
XI-2 Total expenses$3,559,133
XI-3 Revenue less expenses$425,579
XI-4 Net assets at start of year$879,152
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,304,731

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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