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Nonprofiteer
← MASONIC FOUNDATION OF UTAH

Form 990 for tax year 2022

Filed by MASONIC FOUNDATION OF UTAH.

Totals

Total revenue
$130,268
Total expenses
$318,244
Contributions and grants received
$8,618
Grants paid
$295,381
Program service revenue
$0
Investment income
$121,650
Other revenue
$0
Total assets, end of year
$5,561,328
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,561,328
Program services expenses (Part IX)
$295,381
Management and general expenses
$22,863
Fundraising expenses
$0
Program service expenses (Part III)
$295,381

Program services were 92.8% 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

    $8,618

  • 3 · Investment income

    total $183,699 · excluded $183,699

  • 7a · Gross sales of assets other than inventory

    securities $1,900,621

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

    securities $1,962,670

  • 7c · Gain or loss

    securities -$62,049

  • 7d · Net gain or loss

    total -$62,049 · excluded -$62,049

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $196,381 · program services $196,381

  • 2 · Grants to domestic individuals

    total $99,000 · program services $99,000

  • 5 · Compensation of officers, directors and key employees

    total $14,337 · management and general $14,337

  • 10 · Payroll taxes

    total $1,097 · management and general $1,097

  • 11c · Fees: accounting

    total $3,235 · management and general $3,235

  • 13 · Office expenses

    total $1,114 · management and general $1,114

  • 14 · Information technology

    total $629 · management and general $629

  • 16 · Occupancy

    total $630 · management and general $630

  • 24a · Other expenses: FOREIGN TAX PAID

    total $1,125 · management and general $1,125

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $696 · management and general $696

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $97 · end of year $1,880

  • 2 · Savings and temporary cash investments

    beginning of year $378,478 · end of year $345,386

  • 8 · Inventories for sale or use

    beginning of year $2,228 · end of year $3,461

  • 11 · Investments: publicly traded securities

    beginning of year $6,605,739 · end of year $5,210,601

  • 27 · Net assets without donor restrictions

    beginning of year $6,050,441 · end of year $4,797,244

  • 28 · Net assets with donor restrictions

    beginning of year $936,101 · end of year $764,084

Mission and programs · 2022

Mission

THE ORGANIZATION'S MISSION OR PURPOSE IS TO PROVIDE SCHOLARSHIP FUNDS FOR QUALIFYING INDIVIDUALS IN ORDER THAT THEY MAY ATTEND COLLEGE IN THE UTAH AREA GENERALLY. IN ADDITION, THE ORGANIZATION MAKES GRANTS TO CHARITABLE ORGANIZATIONS THAT PROVIDE FOR THE PUBLIC WELFARE AND MEDICAL RESEARCH.

  • SUPPORTING OTHER CHARITABLE ORGANIZATIONS - THE ORGANIZATION AWARDED GRANTS TO 67 CHARITABLE ORGANIZATIONS DURING 2022.

    Expenses $196,381 · Grants $196,381

  • SCHOLARSHIPS - DURING 2022, THE ORGANIZATION AWARDED SCHOLARSHIPS TO 45 INDIVIDUALS AT COLLEGE AND OTHER HIGHER EDUCATION INSTITUTIONS.

    Expenses $99,000 · Grants $99,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lorenzo E Tibbitts

    SECRETARY/TR

    Total calculated
    $14,337
    From this org
    $14,337
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Jason L Allred

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Frank C Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ridgely H Gilmour

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2

  • Travis McGuire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • G Keith Odendahl

    CHAIRMAN

    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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349319613

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