Utah Foundation EIN 87-0199245

Utah Foundation

EIN  87-0199245 Public charity (501(c)(3)) Salt Lake Cty, UT
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides research and analysis to improve public resources, economy, workforce, and quality of life in Utah.
Leadership
Shawn Teigen · President · $147K
Money in and out
$473K revenue, $561K expenses
Bottom line
85% program efficiency

Provides research and analysis to improve public resources, economy, workforce, and quality of life in Utah. For fiscal year 2024 it reported $473K in revenue, $561K in expenses, and $431K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$473K
Pt VIII · Ln 12
Total expenses
$561K
Pt IX · Ln 25
Net assets
$431K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$87K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.09 Fundraising $0.06
Program efficiency
85%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
7.7mo
months of highly liquid reserves at operating expense rate▼ -32% vs prior filing year
Surplus margin
-18%
revenue over expenses, this year▼ -539% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$473K
FY2024▼ -5%
Expenses
$561K
FY2024▲ +10%
Total assets
$461K
FY2024▼ -19%
Total liabilities
$30K
FY2024▼ -41%
Total revenue
$473K
Pt VIII · Ln 12
Total expenses
$561K
Pt IX · Ln 25
Net assets
$431K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$87K
Total assetsPt X · Ln 16$461K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420
Mission & Programs · Part III

Where the work happens

1 program service account for $476K of program spending, described in the organization's own filed words · FY2024.
01

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…

$476Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUtah Foundation
EINHdr · item D87-0199245
Principal addressHdr · item CSalt Lake Cty, UT
WebsiteHdr · item Jwww.utahfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W99)
Ruling yearIRS BMFNov 1946

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b20
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
President
$146,827Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Shawn Teigen’s $147K as President is at the 90th percentile of top reported officer pay among 1033 $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

NameFY2024FY2023FY2022FY2021FY2020
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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Statement of Revenue

Part VIII
Contributions & grants$253K · 53%
Program service revenue$203K · 43%
Investment income$17K · 4%
Contributions & grants53%$253K
Program service revenue43%$203K
Investment income4%$17K
Total revenueLn 12$473K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.09 Fundraising $0.06
Program services85%$476K
Management & general9%$50K
Fundraising6%$34K
Total functional expensesLn 25$561K

Balance Sheet

Part X · end of year
CashLn 1$360K
Total assetsLn 16$461K
Total liabilitiesLn 26$30K
Total net assetsLn 32$431K
Months of cash on handcomputed7.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $360K · Operating expenses/yr $561K
7.7 months
Where the money goes
Program services
Program services $476K · Total expenses $561K
85%
Management & General
Management & general $50K · Total expenses $561K
9%
Fundraising
Fundraising $34K · Total expenses $561K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $26K · Solicited contributions (3-yr avg) $362K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $253K · Total revenue $473K
53%
Government reliance
Government grants — · Total revenue $473K
Earned-income share
Program service revenue $203K · Total revenue $473K
43%
Investment reliance
Investment income $17K · Total revenue $473K
+4%
Program self-sufficiency
Program service revenue $203K · Total expenses $561K
36%
Growth & trend
Revenue growth (YoY)
This year $473K · Prior year $496K
-5%
Revenue CAGR
FY2020 $657K · FY2024 $473K
-8%
Net-asset trend (YoY)
End of year $431K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $473K · Expenses $561K
-18%
Liabilities-to-Assets
Total liabilities — · Total assets $461K
Net-asset ratio
Net assets $431K · Total assets $461K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $461K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Shawn Teigen · Reported title PRESIDENT · Highest reported compensation $147K · Total expenses $561K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $472K · Total expenses $561K
84%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 9%
Fundraising cost ratio 13%
Revenue growth -5%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2024
Giv CommunitiesFY2024$17K
AARPFY2024$15K
Total grants receivedfrom 7 funders$72K
See all 7 funders →

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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)$473K revenue · viewing · ⤓ 990 PDF
FY2023$496K revenue · ⤓ 990 PDF
FY2022$503K revenue · ⤓ 990 PDF
FY2021$703K revenue · ⤓ 990 PDF
FY2020$657K 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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