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Nonprofiteer
← SPERANZA FOUNDATION

Form 990 for tax year 2024

Filed by SPERANZA FOUNDATION.

Totals

Total revenue
$3,177,326
Total expenses
$1,194,110
Contributions and grants received
$1,285,000
Grants paid
$1,175,454
Program service revenue
$0
Investment income
$1,892,326
Other revenue
$0
Total assets, end of year
$3,846,797
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,846,797
Program services expenses (Part IX)
$1,175,454
Management and general expenses
$18,656
Fundraising expenses
$0
Program service expenses (Part III)
$1,175,454

Program services were 98.4% 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

    $1,285,000

  • 1g · Noncash contributions included above

    $1,285,000

  • 3 · Investment income

    total $7,968 · excluded $7,968

  • 7a · Gross sales of assets other than inventory

    other assets $1,925,496

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

    other assets $41,138

  • 7c · Gain or loss

    other assets $1,884,358

  • 7d · Net gain or loss

    total $1,884,358 · related or exempt $1,884,358

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,175,454 · program services $1,175,454

  • 11b · Fees: legal

    total $34 · management and general $34

  • 11c · Fees: accounting

    total $3,650 · management and general $3,650

  • 11g · Fees: other

    total $130 · management and general $130

  • 23 · Insurance

    total $461 · management and general $461

  • 24a · Other expenses: PROPERTY TAXES

    total $14,381 · management and general $14,381

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,739 · end of year $715,959

  • 2 · Savings and temporary cash investments

    beginning of year $1,735 · end of year $1,748

  • 4 · Accounts receivable

    beginning of year $157,551 · end of year $35,340

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

    $3,093,750

  • 10c · Land, buildings and equipment, net

    beginning of year $3,639,873 · end of year $3,093,750

  • 13 · Investments: program-related

    beginning of year $5,401

  • 19 · Deferred revenue

    beginning of year $11,838

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,801,461 · end of year $3,846,797

Mission and programs · 2024

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO SUPPORT AND BENEFIT, PRIMARILY THROUGH GRANTS, THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS (HERE-AFTER "THE CHURCH"), ITS AFFILIATED CHARITABLE, RELIGIOUS, AND EDUCATIONAL ORGANIZATIONS, AND OTHER RELIGIOUS EDUCATIONAL AND CHARITABLE ORGANIZATIONS WHOSE PURPOSE AND ACTIVITIES ARE COMPATIBLE WITH AND/OR COMPLEMENTARY TO THE CHURCH.

Activities or mission (Part I)

SUPPORTED THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS

  • IN ACCORDANCE WITH THIS SUPPORTING ORGANIZATION'S PRIMARY EXEMPT PURPOSE, IT SUPPORTED THE CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS IN RESPONSE TO NEEDS IDENTIFIED BY THE CHURCH AND COMMUNICATED TO THE SUPPORT ORGANIZATION.

    Expenses $1,175,454 · Grants $1,175,454 · Revenue $1,884,358

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Craig D Cardon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Broc C Hiatt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Joseph David Lowe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Troy Van Drimmelen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • THE CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS

    501(C)(3) · CHURCH · UT

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202533149349301863

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