Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1946.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
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
26 people listed on the 990; $147K paid to officers and key staff.
Shawn Teigen’s $147K as President is at the 90th percentile of top reported officer pay among 1043 $100K–1M public & societal benefit 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Peter Reichard | — | — | $171,064 | $143,767 | $148,289 |
| Shawn Teigen | $146,827 | $146,827 | $120,232 | — | — |
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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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 15aYes
Programs and updates
Provides research and analysis to improve public resources, economy, workforce, and quality of life in Utah.
Questions for Utah Foundation
Your first name shows with your question. Utah Foundation answers here, for everyone.
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First. We had a stellar year with media out- reach perhaps the best media year ever with at least 220 stories or mentions. In addition, we ramped up our interactions with policymakers. Not only have we focused on strengthening re- lationships with legislators, but we presented to innumerable local officials as part of our healthy…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $487K | $360K |
| Total assetsLn 16 | $569K | $461K |
| LiabilitiesLn 26 | $50K | $30K |
| Net assetsLn 32 | $518K | $431K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $152K | $106K | $23K | $23K |
| Other salaries and wagesLn 7 | $245K | $241K | $5K | |
| Pension plan contributionsLn 8 | $31K | $28K | $2K | $1K |
| Other employee benefitsLn 9 | $11K | $8K | $1K | $1K |
| Payroll taxesLn 10 | $33K | $29K | $2K | $2K |
| Accounting feesLn 11c | $9K | $9K | ||
| Other fees for servicesLn 11g | $22K | $18K | $3K | $100 |
| Office expensesLn 13 | $7K | $6K | $659 | $732 |
| OccupancyLn 16 | $13K | $10K | $1K | $1K |
| TravelLn 17 | $5K | $4K | $462 | $513 |
| Conferences, conventions and meetingsLn 19 | $25K | $25K | ||
| InsuranceLn 23 | $876 | $876 | ||
| Other expenses (24a–d)Ln 24 | $7K | $558 | $3K | $4K |
| All other expensesLn 24e | $301 | $9 | $56 | $236 |
| Total functional expensesLn 25 | $561K | $476K | $50K | $34K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $473K | $561K | −$87K | $431K | 990 PDF |
| FY2023 | $496K | $511K | −$14K | $518K | 990 PDF |
| FY2022 | $503K | $504K | −$812 | $533K | 990 PDF |
| FY2021 | $703K | $454K | $248K | $533K | 990 PDF |
| FY2020 | $657K | $516K | $141K | $285K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $473,338 revenue, 12 lines filed
Part VI · Governance 20 of 20 board members independent, 2 to look at
Part VIII · Statement of revenue $473,338 across 6 lines filed
Part IX · Statement of functional expenses $560,567 across 14 lines filed
Part X · Balance sheet $460,876 assets, 9 lines filed
Part XI · Reconciliation of net assets $431,128 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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