Utah foundation's mission is to produce objective, thorough and well- reasoned research and analysis that promotes the effective use of public resources, a thriving economy, a well-prepared workforce and a high quality of life for utahns. Utah Foundation seeks to help decision-makers and citizens understand and address complex issues. Utah Foundation also offers constructive guidance to improve governmental policies, programs and structures. Utah Foundation is an independent, nonpartisan, nonprofit research organization.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$291K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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 5
filings with a surplus
Average surplus $57K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$291K
to officers and key staff · 58% of spending
Concern: pay to officers and key staff is 58% of spending; over 30%.
Pt VII · Sec A
13 mo
of spending, in cash
Looks good: 13.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $72K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$63K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$503K
-28% vs prior year
Spent
$504K
To programs
89%
Net assets
$533K
By yearFY2020–FY2024
Revenue
$503K
FY2022▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$657K
FY2021$703K
FY2022$503K
FY2023$496K
FY2024$473K
Expenses
$504K
FY2022▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$516K
FY2021$454K
FY2022$504K
FY2023$511K
FY2024$561K
Net assets
$533K
FY2022-0.2%
Tap a bar for its year
Net assets by fiscal year
FY2020$285K
FY2021$533K
FY2022$533K
FY2023$518K
FY2024$431K

From the FY2022 Form 990 · see the original

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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 Nov 1946.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $451K Management & general 6% · $32K Fundraising 4% · $21K

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

21 people listed on the 990; $291K paid to officers and key staff.

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 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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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

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Provided by the organization

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1 program · $451K · in their 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

Funders

Who pays for it.

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 →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$503K
Ln 12
Gifts and grantsLn 1h$424K
Fees for servicesLn 2g$78K
Investment incomeLn 3$1K
Money outPt IX
$504K
Ln 25
Programscol B$451K
Managementcol C$32K
Fundraisingcol D$21K
Owns and owesPt X
$533K
net assets · Ln 32
Cash and savingsLn 1–2$545K
Total assetsLn 16$595K
LiabilitiesLn 26$63K
PeoplePt VI, VII
21
listed · VII A
PaidVII A2
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$424K
Fees for servicesLn 2g$78K
Investment incomeLn 3$1K
Total revenueLn 12$503K
Assets in detailPt X, end of year
SavingsLn 2$545K
Cash and savings togetherLn 1–2$545K
Other assetsLn 15$22K
Total assetsLn 16$595K
LiabilitiesLn 26$63K
Net assetsLn 32$533K
OperationsPt I, VI
EmployeesI 53
VolunteersI 670
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$344K$545K
Total assetsLn 16$560K$595K
LiabilitiesLn 26$26K$63K
Net assetsLn 32$533K$533K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$291K$260K$15K$17K
Other salaries and wagesLn 7$82K$82K
Pension plan contributionsLn 8$34K$31K$1K$2K
Other employee benefitsLn 9$5K$4K$176$207
Payroll taxesLn 10$29K$26K$1K$1K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$26K$23K$3K
Office expensesLn 13$11K$10K$368$409
OccupancyLn 16$15K$14K$435$483
TravelLn 17$2K$2K$225$250
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$3K$283$2K$35
All other expensesLn 24e$119$119
Total functional expensesLn 25$504K$451K$32K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $473K$561K−$87K$431K 990 PDF
FY2023 $496K$511K−$14K$518K 990 PDF
FY2022 Viewing $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

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $503,426 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $618,381$423,756
I-9 Program service revenuePrior year $84,150$78,496
I-10 Investment incomePrior year $32$1,174
I-11 Other revenue$0
I-12 Total revenuePrior year $702,563$503,426
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $395,292$440,194
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $59,120$64,044
I-18 Total expensesPrior year $454,412$504,238
I-19 Revenue less expensesPrior year $248,151−$812
Part VI · Governance 19 of 19 board members independent, 2 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $503,426 across 6 lines filed
VIII-1b Membership dues$267,593
VIII-1f All other contributions, gifts and grants$156,163
VIII-1h Total contributions, gifts and grants$423,756
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $78,496$78,496
VIII-3 Investment incomeExcluded from tax $1,174$1,174
VIII-12 Total revenueRelated to mission $78,496 · Excluded from tax $1,174$503,426
Part IX · Statement of functional expenses $504,238 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $259,889 · Management $14,530 · Fundraising $17,069$291,488
IX-7 Other salaries and wagesPrograms $82,022$82,022
IX-8 Pension plan contributionsPrograms $30,678 · Management $1,304 · Fundraising $1,532$33,514
IX-9 Other employee benefitsPrograms $4,156 · Management $176 · Fundraising $207$4,539
IX-10 Payroll taxesPrograms $26,209 · Management $1,114 · Fundraising $1,308$28,631
IX-11c Accounting feesManagement $6,834$6,834
IX-11g Other fees for servicesPrograms $22,515 · Management $3,338$25,853
IX-13 Office expensesPrograms $9,760 · Management $368 · Fundraising $409$10,537
IX-16 OccupancyPrograms $13,686 · Management $435 · Fundraising $483$14,604
IX-17 TravelPrograms $2,022 · Management $225 · Fundraising $250$2,497
IX-23 InsuranceManagement $1,018$1,018
IX-24 Other expenses (24a–d)Programs $283 · Management $2,264 · Fundraising $35$2,582
IX-24e All other expensesFundraising $119$119
IX-25 Total functional expensesPrograms $451,220 · Management $31,606 · Fundraising $21,412$504,238
Part X · Balance sheet $595,180 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $343,558$545,179
X-3 Pledges and grants receivableStart of year $170,000$15,000
X-4 Accounts receivableStart of year $46,400$13,390
X-15 Other assets$21,611
X-16 Total assetsStart of year $559,958$595,180
X-17 Accounts payable and accrued expensesStart of year $26,476$40,899
X-25 Other liabilities$21,611
X-26 Total liabilitiesStart of year $26,476$62,510
X-27 Net assets without donor restrictionsStart of year $363,482$532,670
X-32 Total net assets or fund balancesStart of year $533,482$532,670
X-33 Total liabilities and net assetsStart of year $559,958$595,180
Part XI · Reconciliation of net assets $532,670 net assets at year end
XI-1 Total revenue$503,426
XI-2 Total expenses$504,238
XI-3 Revenue less expenses−$812
XI-4 Net assets at start of year$533,482
XI-10 Net assets at end of year$532,670

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

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