Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,063,630

• 1e · Government grants (contributions)

  $376,974

• 1f · All other contributions, gifts and grants

  $3,506,048

• 1g · Noncash contributions included above

  $1,242,424

• 2a · Program service revenue: SCHOLARSHIP INCOME

  total $267,500 · related or exempt $267,500

• 2b · Program service revenue: PROGRAM INCOME

  total $238,639 · related or exempt $238,639

• 3 · Investment income

  total $252,867 · excluded $252,867

• 7a · Gross sales of assets other than inventory

  securities $102,350

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

  securities $0

• 7c · Gain or loss

  securities $102,350

• 7d · Net gain or loss

  total $102,350 · excluded $102,350

• 8a · Fundraising events: gross income

  $74,530

• 8a · Fundraising events: contributions included on line 1c

  $1,063,630

• 8b · Fundraising events: direct expenses

  $762,860

• 8c · Net income from fundraising events

  total -$688,330 · excluded -$688,330

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $999 · related or exempt $999

• 11e · Other revenue, total

  $999

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $356,388 · program services $356,388

• 5 · Compensation of officers, directors and key employees

  total $153,134 · program services $118,917 · management and general $32,642 · fundraising $1,575

• 7 · Other salaries and wages

  total $324,042 · program services $101,006 · management and general $91,296 · fundraising $131,740

• 9 · Other employee benefits

  total $45,348 · program services $17,978 · management and general $24,293 · fundraising $3,077

• 10 · Payroll taxes

  total $37,594 · program services $16,840 · management and general $10,535 · fundraising $10,219

• 11c · Fees: accounting

  total $13,488 · management and general $13,488

• 12 · Advertising and promotion

  total $10,506 · program services $2,282 · management and general $6,287 · fundraising $1,937

• 13 · Office expenses

  total $26,167 · program services $19,222 · management and general $5,883 · fundraising $1,062

• 16 · Occupancy

  total $25,778 · program services $804 · management and general $24,794 · fundraising $180

• 19 · Conferences, conventions and meetings

  total $6,208 · program services $1,062 · management and general $3,596 · fundraising $1,550

• 22 · Depreciation, depletion and amortization

  total $15,388 · management and general $15,388

• 23 · Insurance

  total $4,253 · management and general $4,253

• 24a · Other expenses: IN-KIND EXPENSES

  total $716,610 · program services $672,793 · management and general $13,087 · fundraising $30,730

• 24b · Other expenses: SCHOLARSHIP EXPENSE

  total $184,066 · program services $183,316 · management and general $0 · fundraising $750

• 24c · Other expenses: VENUE

  total $152,009 · program services $152,009 · management and general $0 · fundraising $0

• 24d · Other expenses: TRANSPORTATION

  total $139,604 · program services $139,604 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $43,089 · program services $11,479 · management and general $20,636 · fundraising $10,974

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $398,246 · end of year $876,646

• 3 · Pledges and grants receivable

  beginning of year $14,657 · end of year $59,467

• 4 · Accounts receivable

  end of year $553

• 9 · Prepaid expenses and deferred charges

  end of year $2,128

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

  $82,823

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

  $24,537

• 10c · Land, buildings and equipment, net

  beginning of year $73,675 · end of year $58,286

• 12 · Investments: other securities

  end of year $8,082,349

• 15 · Other assets

  beginning of year $5,584,457 · end of year $56,045

• 17 · Accounts payable and accrued expenses

  beginning of year $88,017 · end of year $83,269

• 25 · Other liabilities

  beginning of year $0 · end of year $56,278

• 27 · Net assets without donor restrictions

  beginning of year $193,644 · end of year $116,255

• 28 · Net assets with donor restrictions

  beginning of year $5,789,374 · end of year $8,879,672

The filer's explanations (Part III)

PART I, LINE 3

EMPLOYEE COMPENSATION IS APPROVED BY THE YSA BOARD OF TRUSTEES EXECUTIVE COMMITTEE. THEY REFERECE THE UTAH NON-PROFIT ASSOCIATION COMPENSATION REPORT FOR COMPARABLE DATA ON NON-PROFITS IN THE STATE OF UTAH. ADDITIONALLY, THE BOARD WILL COMPARE COMPENSATION TO OTHER PARK CITY, UTAH NON-PROFITS WITH PUBLICALLY AVAILABLE FORM 990S POSTED ONLINE.