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Nonprofiteer
← UTOPIA FOUNDATION INC

Form 990 for tax year 2024

Filed by UTOPIA FOUNDATION INC.

Totals

Total revenue
$1,626,500
Total expenses
$1,508,577
Contributions and grants received
$922,674
Grants paid
$616,182
Program service revenue
$703,491
Investment income
$335
Other revenue
$0
Total assets, end of year
$1,534,347
Total liabilities, end of year
$643,245
Net assets or fund balances, end of year
$891,102
Program services expenses (Part IX)
$1,349,922
Management and general expenses
$153,341
Fundraising expenses
$5,314
Program service expenses (Part III)
$1,349,922

Program services were 89.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $922,674

  • 2a · Program service revenue: COMMUNITY YOGA AND FITNESS

    total $703,383 · unrelated business $703,383

  • 2b · Program service revenue: TICKET AND BOOK SALES

    total $108 · related or exempt $108

  • 3 · Investment income

    total $8,065 · excluded $8,065

  • 7a · Gross sales of assets other than inventory

    securities $347,433

  • 7b · Less cost or other basis and sales expenses

    securities $355,163

  • 7c · Gain or loss

    securities -$7,730

  • 7d · Net gain or loss

    total -$7,730 · excluded -$7,730

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,416 · program services $9,416

  • 2 · Grants to domestic individuals

    total $9,167 · program services $9,167

  • 3 · Grants to foreign organizations and individuals

    total $597,599 · program services $597,599

  • 7 · Other salaries and wages

    total $325,307 · program services $325,307

  • 9 · Other employee benefits

    total $4,661 · program services $4,661

  • 10 · Payroll taxes

    total $28,309 · program services $28,309

  • 11b · Fees: legal

    total $875 · program services $735 · management and general $122 · fundraising $18

  • 11c · Fees: accounting

    total $31,720 · program services $26,645 · management and general $4,441 · fundraising $634

  • 11g · Fees: other

    total $123,650 · program services $87,943 · management and general $34,229 · fundraising $1,478

  • 12 · Advertising and promotion

    total $16,637 · program services $10,123 · management and general $6,422 · fundraising $92

  • 13 · Office expenses

    total $36,956 · program services $30,875 · management and general $5,353 · fundraising $728

  • 16 · Occupancy

    total $82,271 · program services $48,562 · management and general $33,348 · fundraising $361

  • 17 · Travel

    total $5,677 · program services $4,769 · management and general $794 · fundraising $114

  • 20 · Interest

    total $7,075 · program services $3,679 · management and general $3,396

  • 22 · Depreciation, depletion and amortization

    total $91,749 · program services $70,557 · management and general $19,764 · fundraising $1,428

  • 23 · Insurance

    total $8,719 · program services $5,695 · management and general $2,951 · fundraising $73

  • 24a · Other expenses: SUPPLIES

    total $58,938 · program services $30,648 · management and general $28,290

  • 24b · Other expenses: BANK CHARGES

    total $21,225 · program services $21,225

  • 24c · Other expenses: SUPPLIES

    total $12,849 · program services $10,793 · management and general $1,799 · fundraising $257

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $11,477 · program services $5,968 · management and general $5,509

  • 24e · All other expenses

    total $24,300 · program services $17,246 · management and general $6,923 · fundraising $131

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $388,956 · end of year $535,273

  • 2 · Savings and temporary cash investments

    beginning of year $5,365 · end of year $3,605

  • 4 · Accounts receivable

    beginning of year $12,086

  • 7 · Other notes and loans receivable

    beginning of year $50,000 · end of year $50,000

  • 8 · Inventories for sale or use

    end of year $11,019

  • 9 · Prepaid expenses and deferred charges

    end of year $2,900

  • 10a · Land, buildings and equipment: cost or other basis

    $305,238

  • 10b · Land, buildings and equipment: accumulated depreciation

    $49,177

  • 10c · Land, buildings and equipment, net

    beginning of year $276,410 · end of year $256,061

  • 14 · Intangible assets

    beginning of year $344,853 · end of year $273,453

  • 15 · Other assets

    beginning of year $455,704 · end of year $402,036

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,087 · end of year $12,197

  • 19 · Deferred revenue

    beginning of year $77,692 · end of year $90,559

  • 23 · Secured mortgages and notes payable

    beginning of year $154,599 · end of year $110,194

  • 25 · Other liabilities

    beginning of year $474,852 · end of year $430,295

  • 27 · Net assets without donor restrictions

    beginning of year $495,812 · end of year $506,331

  • 28 · Net assets with donor restrictions

    beginning of year $311,332 · end of year $384,771

Mission and programs · 2024

Mission

TO HELP CREATE A WORLD WHERE COMMUNITIES THRIVE AND EVERY PERSON GOES TO BED FEELING NOURISHED, LOVED, HAPPY AND HOPEFUL ABOUT TOMORROW.

  • PROVIDE ASSISTANCE FOR LIVELIHOOD/ECONOMIC DEVELOPMENT AND SOCIETY ACTIVITIES THROUGH BUSINESS DEVELOPMENT PROGRAMS ADDRESSING THE NEEDS OF LOW INCOME FAMILIES IN NORTHWEST MICHIGAN AND DEVELOPING NATIONS. THE FOUNDATION PROVIDED 24 GRANTS TO VARIOUS ORGANIZATIONS.

    Expenses $844,302 · Grants $616,182

  • PROVIDE ASSISTANCE FOR LIVELIHOOD AND SOCIETY ACTIVITIES THROUGH HEALTH PROGRAMS TO DEVELOP HEALTHY AND ETHICAL WAYS OF LIFE.

    Expenses $505,620

As filed on the 2024 return.

Listed in Part VII

  • Sara Harding

    TREASURER

    Total calculated
    $26,000
    From this org
    $0
    From related orgs
    $26,000
    Other
    $0
    Hours/week
    2 + 5 related

  • Paul Sutherland

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Alison Arnold

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Lisa New

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Karla Cordero

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nomvula Buthelezi

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Akasha Sutherland

    MEMBER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • NORTHERN MICHIGAN E3

    $9,416

    DIVERSITY/EQUALITY

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • YEN YOGA & FITNESS LLC

    YOGA CLASS · MI · assets $755,662

    Directly controlled by UTOPIA FND

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202503219349317750

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