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Nonprofiteer
← SALT LAKE EDUCATION FOUNDATION

Form 990 for tax year 2022

Filed by SALT LAKE EDUCATION FOUNDATION.

Totals

Total revenue
$2,749,592
Total expenses
$2,681,090
Contributions and grants received
$2,234,539
Grants paid
$2,448,674
Program service revenue
$0
Investment income
$263,527
Other revenue
$251,526
Total assets, end of year
$4,541,227
Total liabilities, end of year
$343,318
Net assets or fund balances, end of year
$4,197,909
Program services expenses (Part IX)
$2,618,090
Management and general expenses
$63,000
Fundraising expenses
$0
Program service expenses (Part III)
$2,618,090

Program services were 97.7% 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.

  • 1a · Federated campaigns

    $328,930

  • 1f · All other contributions, gifts and grants

    $1,905,609

  • 1g · Noncash contributions included above

    $1,051,364

  • 3 · Investment income

    total $263,527 · related or exempt $263,527

  • 6a · Gross rents

    real property $172,526 · personal property $79,000

  • 6c · Rental income or loss

    real property $172,526 · personal property $79,000

  • 6d · Net rental income or loss

    total $251,526 · excluded $251,526

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,387,457 · program services $2,387,457

  • 2 · Grants to domestic individuals

    total $61,217 · program services $61,217

  • 7 · Other salaries and wages

    total $114,172 · program services $114,172

  • 9 · Other employee benefits

    total $55,244 · program services $55,244

  • 16 · Occupancy

    total $63,000 · management and general $63,000

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $625,972 · end of year $595,071

  • 4 · Accounts receivable

    beginning of year $2,016 · end of year $2,883

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,605 · end of year $10,998

  • 11 · Investments: publicly traded securities

    beginning of year $3,726,459 · end of year $3,932,275

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,812 · end of year $27,318

  • 24 · Unsecured notes and loans payable

    beginning of year $395,000 · end of year $316,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,488,609 · end of year $1,584,559

  • 28 · Net assets with donor restrictions

    beginning of year $2,440,631 · end of year $2,613,350

Mission and programs · 2022

Mission

TO PROMOTE STUDENT SUCCESS IN THE SALT LAKE CITY SCHOOL DISTRICT BY USING PRIVATE DONATIONS TO SUPPLEMENT CHILDREN'S EDUCATIONAL EXPERIENCES.

  • THE SALT LAKE EDUCATION FOUNDATION PROVIDES GRANTS AND OTHER AMOUNTS TO SUPPLEMENT AND ENHANCE THE EDUCATIONAL OPPORTUNITIES OF STUDENTS IN THE SALT LAKE CITY SCHOOL DISTRICT.

    Expenses $2,570,423 · Grants $2,401,007

  • THE SALT LAKE EDUCATION FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS GRADUATING FROM THE SALT LAKE CITY SCHOOL DISTRICT TO FURTHER THEIR EDUCATIONAL AND CAREER ASPIRATIONS.

    Expenses $47,667 · Grants $47,667

As filed on the 2022 return.

Listed in Part VII

  • James E Yapias

    EXECUTIVE DI

    Total calculated
    $200,509
    From this org
    $0
    From related orgs
    $149,002
    Other
    $51,507
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $149,002 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $36,275 related
    Nontaxable benefits
    not reported + $15,232 related
    Filer's total
    not reported + $200,509 related

  • Lorena Riffo Jenson

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Landon Clark

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • Lucy Hawes

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    1

  • Michelle Tu'Itupou

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ginette Bott

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Martin Bates

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Byron Russell

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brad Shafer

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeanetta Williams

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melissa Ford

    BOARD OF ED

    Total calculated
    $0
    Hours/week
    1

  • Kristi Swett

    BOARD OF ED

    Total calculated
    $0
    Hours/week
    1

  • Jenny Sika

    BOARD OF ED

    Total calculated
    $0
    Hours/week
    1

  • Nate Salazar

    BOARD OF ED

    Total calculated
    $0
    Hours/week
    1

  • Bryce Williams

    BOARD OF ED

    Total calculated
    $0
    Hours/week
    1

  • T Richard Davis

    COMMUNITY AD

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Moran

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jeanette Hartley

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • SALT LAKE CITY SCHOOL DISTRICT

    $1,336,093

    SUPPLEMENT EDUCATION

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.

  • SALT LAKE CITY SCHOOL DISTRICT

    GOV · EDUCATION · UT

Provenance

Return type
form_990
Tax year
2022
Filed
10 April 2024
IRS schema version
2022v5.0
Source object
202411029349301001

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