Totals
- Total revenue
- $27,370,494
- Total expenses
- $51,373,375
- Contributions and grants received
- $21,197,000
- Grants paid
- $38,462,978
- Program service revenue
- $0
- Investment income
- $6,730,841
- Other revenue
- -$557,347
- Total assets, end of year
- $123,790,146
- Total liabilities, end of year
- $27,182,313
- Net assets or fund balances, end of year
- $96,607,833
- Program services expenses (Part IX)
- $40,197,539
- Management and general expenses
- $3,014,056
- Fundraising expenses
- $8,161,780
- Program service expenses (Part III)
- $40,197,539
Program services were 78.2% 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.
-
1c · Fundraising events
$3,432,341
-
1d · Related organizations
$5,510,426
-
1f · All other contributions, gifts and grants
$12,254,233
-
1g · Noncash contributions included above
$1,074,071
-
3 · Investment income
total $5,988,102 · excluded $5,988,102
-
7a · Gross sales of assets other than inventory
securities $742,739
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $742,739
-
7d · Net gain or loss
total $742,739 · excluded $742,739
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$3,432,341
-
8b · Fundraising events: direct expenses
$557,347
-
8c · Net income from fundraising events
total -$557,347 · excluded -$557,347
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $38,462,978 · program services $38,462,978
-
7 · Other salaries and wages
total $2,765,363 · management and general $613,557 · fundraising $2,151,806
-
11b · Fees: legal
total $110,655 · management and general $110,655
-
11c · Fees: accounting
total $45,639 · management and general $45,639
-
11f · Fees: investment management
total $2,023,468 · management and general $2,023,468
-
11g · Fees: other
total $654,875 · management and general $141,937 · fundraising $512,938
-
12 · Advertising and promotion
total $84,097 · fundraising $84,097
-
13 · Office expenses
total $12,225 · management and general $12,225
-
14 · Information technology
total $212,444 · management and general $35,374 · fundraising $177,070
-
17 · Travel
total $236,028 · fundraising $236,028
-
20 · Interest
total $1,734,561 · program services $1,734,561
-
23 · Insurance
total $56,392 · management and general $31,201 · fundraising $25,191
-
24a · Other expenses: FUNDRAISING EXPENSES
total $4,974,650 · fundraising $4,974,650
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,285,246 · end of year $1,123,922
-
2 · Savings and temporary cash investments
beginning of year $12,809,704 · end of year $4,585,437
-
3 · Pledges and grants receivable
beginning of year $25,366,390 · end of year $4,026,609
-
11 · Investments: publicly traded securities
beginning of year $29,232,989 · end of year $33,502,183
-
12 · Investments: other securities
beginning of year $87,756,253 · end of year $80,251,625
-
15 · Other assets
beginning of year $295,559 · end of year $300,370
-
17 · Accounts payable and accrued expenses
beginning of year $55,280 · end of year $120,846
-
23 · Secured mortgages and notes payable
beginning of year $31,661,434 · end of year $26,151,041
-
25 · Other liabilities
beginning of year $0 · end of year $910,426
-
27 · Net assets without donor restrictions
beginning of year $125,029,427 · end of year $96,607,833
Mission and programs · 2023
Mission
THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE PURPOSE OF SUPPORTING THE EDUCATIONAL, RESEARCH, AND HEALTH PROMOTION ACTIVITIES OF THE HEALTH SCIENCES CENTER OF THE UNIVERSITY OF UTAH (THE "UNIVERSITY"). THE UNIVERSITY IS AN INSTRUMENTALITY OF THE (CONTINUED ON SCHEDULE O) STATE OF UTAH GOVERNED BY A BOARD OF REGENTS APPOINTED BY THE GOVERNOR AND THE STATE LEGISLATURE. THE HEALTH SCIENCES CENTER INCLUDES THE UNIVERSITY'S SCHOOL OF MEDICINE; THE COLLEGES OF NURSING, PHARMACY, AND HEALTH; AND THE UNIVERSITY OF UTAH HOSPITAL. MORE SPECIFICALLY, THE FOUNDATION IS PROVIDING SUPPORT FOR THE HUNTSMAN CANCER INSTITUTE AT THE UNIVERSITY OF UTAH ("UHCI"), A NATIONAL CANCER INSTITUTE - DESIGNATED COMPREHENSIVE CANCER CENTER.
Activities or mission (Part I)
SUPPORTING ACTIVITIES OF THE HEALTH SCIENCES CENTER OF THE UNIVERSITY OF UTAH
-
ACTIVITIES TO SUPPORT THE HUNTSMAN CANCER INSTITUTE WHICH IS A CENTER FOR CANCER RESEARCH THAT HAS BEEN FORMED WITHIN THE HEALTH SERVICES CENTER OF THE UNIVERSITY OF UTAH, PURSUANT TO A SUPPORT AGREEMENT WITH THE UNIVERSITY.
Expenses $40,197,539 · Grants $38,462,978
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Peter R HuntsmanPETER R HUNTSMAN
CHAIRMAN/DIRECTOR/CEO
- Total calculated
- $0
- Hours/week
- 5
-
Taylor RandallTAYLOR RANDALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
A Scott AndersonA SCOTT ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan J SheehanSUSAN J SHEEHAN
PRESIDENT/COO (THRU - 04/30/23)
- Total calculated
- $351,142
- From this org
- $0
- From related orgs
- $342,971
- Other
- $8,171
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $342,971 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $8,171 related
- Filer's total
- $0 + $351,142 related
-
Thomas E MuirTHOMAS E MUIR
VP FINANCE/CFO
- Total calculated
- $0
- Hours/week
- 3
-
Ron MoffittRON MOFFITT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Kim WirthlinKIM WIRTHLIN
PRESIDENT/COO (AS OF - 02/01/23)
- Total calculated
- $311,797
- From this org
- $0
- From related orgs
- $301,224
- Other
- $10,573
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $301,224 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $10,573 related
- Filer's total
- $0 + $311,797 related
-
Dale Jerry NelsonDALE JERRY NELSON
LEAD MAJOR GIFT OFFICER
- Total calculated
- $124,798
- From this org
- $0
- From related orgs
- $111,777
- Other
- $13,021
- Hours/week
- 1 + 40 related
-
Loren El SavageLOREN EL SAVAGE
EXECUTIVE DIRECTOR
- Total calculated
- $231,070
- From this org
- $0
- From related orgs
- $213,772
- Other
- $17,298
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $209,466 related
- Bonus
- $0
- Other
- $0 + $4,306 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $17,298 related
- Filer's total
- $0 + $231,070 related
-
Jill PearlJILL PEARL
EXECUTIVE DIRECTOR
- Total calculated
- $192,018
- From this org
- $0
- From related orgs
- $174,720
- Other
- $17,298
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $144,720 related
- Bonus
- $0
- Other
- $0 + $30,000 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $17,298 related
- Filer's total
- $0 + $192,018 related
-
Thomas Eugene HanrattyTHOMAS EUGENE HANRATTY
DIRECTOR
- Total calculated
- $150,945
- From this org
- $0
- From related orgs
- $124,069
- Other
- $26,876
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $124,069 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $26,876 related
- Filer's total
- $0 + $150,945 related
-
Bradley Kent BishopBRADLEY KENT BISHOP
MAJOR GIFT OFFICER
- Total calculated
- $134,448
- From this org
- $0
- From related orgs
- $115,882
- Other
- $18,566
- Hours/week
- 1 + 40 related
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
None.
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
-
HEALTH SCIENCES CENTER
$38,462,978
HCF IS A SOLE SUPPORTING ORGANIZATION TO HCI. THERE IS ROUTINE COMMUNICATION AND COORDINATION BETWEEN THE CEO'S OF BOTH HCF AND HCI ON ALL GRANT PAYMENTS MADE. DONOR GRANTS WITH SPECIFIC INSTRUCTIONS AS TO TIMELINE AND DESTINATION ARE HANDLED ACCORDING TO THOSE DIRECTIVES. ALL OTHER GRANT MONIES ARE TRANSFERRED ONCE A YEAR, AND ACCOMPANIED WITH DETAILS OF DONORS AND INTENDED USE. FUNDRAISING UPDATES ARE ROUTINELY DISCUSSED BETWEEN CEO'S OF BOTH ORGANIZATIONS.
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.
-
UNIVERSITY OF UTAH
SECTION 501(C)(3) · HUNTSMAN CANCER INSTITUTE AT THE UNIVERSITY OF UTAH · UT
-
THE HUNTSMAN FOUNDATION
SECTION 501(C)(3) · GRANT MAKING · UT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443209349319409
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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