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Nonprofiteer
← SCENICVIEW FOUNDATION

Form 990 for tax year 2023

Filed by SCENICVIEW FOUNDATION.

Totals

Total revenue
$20,909,919
Total expenses
$4,900,375
Contributions and grants received
$15,669,618
Grants paid
$4,175,000
Program service revenue
$273,384
Investment income
$4,966,917
Other revenue
$0
Total assets, end of year
$146,425,917
Total liabilities, end of year
$132,146
Net assets or fund balances, end of year
$146,293,771
Program services expenses (Part IX)
$4,335,161
Management and general expenses
$563,130
Fundraising expenses
$2,084
Program service expenses (Part III)
$4,335,161

Program services were 88.5% 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.

  • 1d · Related organizations

    $15,669,618

  • 2a · Program service revenue: Rent for related entity

    total $273,384 · related or exempt $273,384

  • 3 · Investment income

    total $2,971,801 · related or exempt $2,971,801

  • 7a · Gross sales of assets other than inventory

    securities $34,419,493 · other assets $197,586

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

    securities $32,488,266 · other assets $133,697

  • 7c · Gain or loss

    securities $1,931,227 · other assets $63,889

  • 7d · Net gain or loss

    total $1,995,116 · related or exempt $1,995,116

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,175,000 · program services $4,175,000

  • 11b · Fees: legal

    total $17,343 · management and general $17,343

  • 11c · Fees: accounting

    total $2,399 · management and general $2,399

  • 11f · Fees: investment management

    total $532,632 · management and general $532,632

  • 13 · Office expenses

    total $1,687 · management and general $1,687

  • 22 · Depreciation, depletion and amortization

    total $159,101 · program services $147,948 · management and general $9,069 · fundraising $2,084

  • 24a · Other expenses: Repairs and maintenace

    total $12,213 · program services $12,213

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $845,657 · end of year $35,710

  • 2 · Savings and temporary cash investments

    end of year $377,130

  • 4 · Accounts receivable

    end of year $253,407

  • 7 · Other notes and loans receivable

    beginning of year $11,596,185 · end of year $10,951,166

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

    $17,310,459

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

    $7,326,816

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $9,983,643

  • 11 · Investments: publicly traded securities

    beginning of year $86,143,536 · end of year $96,357,977

  • 12 · Investments: other securities

    beginning of year $19,562,899 · end of year $28,466,884

  • 17 · Accounts payable and accrued expenses

    beginning of year $122,020 · end of year $132,146

  • 25 · Other liabilities

    beginning of year $14,272 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $118,011,985 · end of year $146,293,771

Mission and programs · 2023

Mission

To support for ScenicView Academy's operations.

Activities or mission (Part I)

To provide support for ScenicView Academy's operations.

  • Support of ScenicView Academy.

    Expenses $4,335,161 · Grants $4,175,000

As filed on the 2023 return.

Listed in Part VII

  • Andy Noorda

    Chairman/President

    Total calculated
    $0
    Hours/week
    1
  • Douglas Gale

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1
  • E Bart Hopkin

    Vice President

    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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ScenicView Assets LLC

    Real estate holding entity · UT · income $273,399 · assets $10,244,673

    Directly controlled by ScenicView Foundation

Provenance

Return type
form_990
Tax year
2023
Filed
5 August 2024
IRS schema version
2023v5.1
Source object
202442329349301234

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