Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $4,985,050

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $474,702 · excluded $474,702

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $250,000

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $233,689

• 7 · Other salaries and wages

  total $62,431

• 9 · Other employee benefits

  total $3,536

• 10 · Payroll taxes

  total $18,613

• 11b · Fees: legal

  total $3,743

• 11c · Fees: accounting

  total $25,521

• 11f · Fees: investment management

  total $5,481

• 11g · Fees: other

  total $10,475

• 12 · Advertising and promotion

  total $558,166

• 13 · Office expenses

  total $17,805

• 16 · Occupancy

  total $63,325

• 17 · Travel

  total $634

• 22 · Depreciation, depletion and amortization

  total $1,349

• 23 · Insurance

  total $1,974

• 24a · Other expenses: SPONSORSHIP EXPENSES

  total $5,894,750

• 24b · Other expenses: SPORT DEVELOPMENT

  total $3,103

• 24e · All other expenses

  total $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,864,618 · end of year $864,955

• 2 · Savings and temporary cash investments

  end of year $5,502,337

• 4 · Accounts receivable

  beginning of year $10,437,300 · end of year $5,361,346

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,103 · end of year $66,088

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

  $0

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

  $0

• 10c · Land, buildings and equipment, net

  end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $2,175,071 · end of year $2,265,631

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $0 · end of year $1,006,820

• 17 · Accounts payable and accrued expenses

  beginning of year $490,971 · end of year $212,422

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $2,441,172 · end of year $3,992

• 27 · Net assets without donor restrictions

  beginning of year $6,487,649 · end of year $9,865,713

• 28 · Net assets with donor restrictions

  beginning of year $10,062,300 · end of year $4,985,050

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION

COMPENSATION IS DETERMINED BY THE UTAH SPORTS COMMISSION FOUNDATION, A RELATED ORGANIZATION. METHODS USED INCLUDE A COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.