Utah Foundation EIN 87-0199245

Utah Foundation FY2022 filing

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Provides research and analysis to improve public resources, economy, workforce, and quality of life in Utah. For fiscal year 2022 it reported $503K in revenue, $504K in expenses, and $533K in net assets.Pt I

Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Salt Lake Cty, UT
Website
www.utahfoundation.org
Filings
5 on file (2020–2022)
Revenue
$503KFY2022
Expenses
$504K
Net assets
$533K
People
21
Filings
5
Updates
0
More identity details & actions ⌄
EIN  87-0199245 Public charity (501(c)(3)) Salt Lake Cty, UT
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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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
Peter Reichard · President · $171K
Money in and out
$503K revenue, $504K expenses
Bottom line
89% program efficiency
Where the money goes · FY2022
Total revenue
$503K
Pt VIII · Ln 12
Total expenses
$504K
Pt IX · Ln 25
Net assets
$533K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$812
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.06 Fundraising $0.04
Program efficiency
89%
of spending reaches programs
Operating runway
13.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-0.2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$503K
FY2022▼ -28%
Expenses
$504K
FY2022▲ +11%
Total assets
$595K
FY2022▲ +6%
Total liabilities
$63K
FY2022▲ +136%
Total revenue
$503K
Pt VIII · Ln 12
Total expenses
$504K
Pt IX · Ln 25
Net assets
$533K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$812
Total assetsPt X · Ln 16$595K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419
Mission & Programs · Part III

Where the work happens

1 program service account for $451K of program spending, described in the organization's own filed words · FY2022.
01

Our work in 2022 is guiding policy leaders. We have made a direct impact on housing policy. We are shedding bright new light on utahs social fabric, understanding police recruitment and retention, pushing energy efficiency, opening opportunities for post-secondary education, informing infill development, and tracking utahns quality of…

$451Kprogram 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 1a19
Independent voting membersPt VI · Ln 1b19
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
$171,064Pt VII · Sec A
President
$120,232Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$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$424K · 84%
Program service revenue$78K · 16%
Contributions & grants84%$424K
Program service revenue16%$78K
Investment income$1K
Total revenueLn 12$503K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.06 Fundraising $0.04
Program services89%$451K
Management & general6%$32K
Fundraising4%$21K
Total functional expensesLn 25$504K

Balance Sheet

Part X · end of year
CashLn 1$545K
Total assetsLn 16$595K
Total liabilitiesLn 26$63K
Total net assetsLn 32$533K
Months of cash on handcomputed13.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $545K · Operating expenses/yr $504K
13.0 months
Where the money goes
Program services
Program services $451K · Total expenses $504K
89%
Management & General
Management & general $32K · Total expenses $504K
6%
Fundraising
Fundraising $21K · Total expenses $504K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $29K · Solicited contributions (3-yr avg) $475K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $424K · Total revenue $503K
84%
Government reliance
Government grants — · Total revenue $503K
Earned-income share
Program service revenue $78K · Total revenue $503K
16%
Investment reliance
Investment income $1K · Total revenue $503K
+0.2%
Program self-sufficiency
Program service revenue $78K · Total expenses $504K
16%
Growth & trend
Revenue growth (YoY)
This year $503K · Prior year $703K
-28%
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 $503K · Expenses $504K
-0.2%
Liabilities-to-Assets
Total liabilities — · Total assets $595K
Net-asset ratio
Net assets $533K · Total assets $595K
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $595K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Peter Reichard · Reported title PRESIDENT · Highest reported compensation $171K · Total expenses $504K
34%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $440K · Total expenses $504K
87%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 6%
Fundraising cost ratio 5%
Revenue growth -28%
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 · 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 · ⤓ 990 PDF
FY2023$496K revenue · ⤓ 990 PDF
FY2022$503K revenue · viewing · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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