Utah Foundation FY2021 filing

Salt Lake Cty, UT · Public charity (501(c)(3)) · Public & Societal Benefit

✓ Tax-deductible Latest data FY2021
Revenue
$703K
▲ +7% vs prior year
Spent
$454K
To programs
86%
Net assets
$533K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
7 funders, incl. Giv Communities
$72K in the latest grant year.
Spent on programs?
86% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +7% vs prior year
Legal name (IRS)Hdr · item CUtah Foundation
EINHdr · item D87-0199245
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 1946
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSalt Lake Cty, UT
NTEE classificationIRS BMFPublic & Societal Benefit (W99)
WebsiteHdr · item Jwww.utahfoundation.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.07 Fundraising $0.07
Program services86%$393K
Management & general7%$30K
Fundraising7%$32K
Total functional expensesLn 25$454K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$703K
FY2021▲ +7%
Expenses
$454K
FY2021▼ -12%
Program efficiency
86%
of spending reaches programs
Operating runway
9.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+35%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$560K
FY2021▲ +71%
Total liabilities
$26K
FY2021▼ -38%
Revenue less expensesPt I · Ln 19$248K
Total assetsPt X · Ln 16$560K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418

Balance Sheet

Part X · end of year
CashLn 1$344K
Total assetsLn 16$560K
Total liabilitiesLn 26$26K
Total net assetsLn 32$533K
Months of cash on handcomputed9.1

Statement of Revenue

Part VIII
Contributions & grants$618K · 88%
Program service revenue$84K · 12%
Contributions & grants88%$618K
Program service revenue12%$84K
Investment income$32
— government grantsLn 1e$83K
Total revenueLn 12$703K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $344K · Operating expenses/yr $454K
9.1 months
Where the money goes
Program services
Program services $393K · Total expenses $454K
86%
Management & General
Management & general $30K · Total expenses $454K
7%
Fundraising
Fundraising $32K · Total expenses $454K
7%
Cost to raise $1
Fundraising expense (2-yr avg) $32K · Solicited contributions (2-yr avg) $501K
$0.06 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $618K · Total revenue $703K
88%
Government reliance
Government grants $83K · Total revenue $703K
12%
Earned-income share
Program service revenue $84K · Total revenue $703K
12%
Investment reliance
Investment income $32 · Total revenue $703K
<0.01%
Program self-sufficiency
Program service revenue $84K · Total expenses $454K
19%
Growth & trend
Revenue growth (YoY)
This year $703K · Prior year $657K
+7%
Net-asset trend (YoY)
End of year $533K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $703K · Expenses $454K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $560K
—
Net-asset ratio
Net assets $533K · Total assets $560K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $560K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Peter Reichard · Reported title PRESIDENT · Highest reported compensation $144K · Total expenses $454K
32%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $395K · Total expenses $454K
87%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 7%——
Fundraising cost ratio 5%——
Revenue growth 7%——
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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$143,767Pt 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
Vice Chair
$0Pt VII · Sec A

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

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.

See Utah Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
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

Mission and programs

Provides research and analysis to improve public resources, economy, workforce, and quality of life in Utah.

Provided by the organization

This section is blank until Utah Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $393K of program spending, described in the organization's own filed words · FY2021.
01

See schedule o looking back over 2018, utah foundation had one of the most productive years in the organization's seven-decade history. We issued 12 public releases: 11 major reports and one brief. We published op-eds once per month and began making our podcasts a monthly affair. The news media covered our work more than 100 times.

$393Kprogram expense

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Funders

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

Grants

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

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $473K$561K-5% 990 PDF
FY2023 $496K$511K-1% 990 PDF
FY2022 $503K$504K-28% 990 PDF
FY2021 Viewing $703K$454K+7% 990 PDF
FY2020 $657K$516K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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