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← UNIVERSITY IMPACT CHARITABLE TR

Form 990 for tax year 2023

Filed by UNIVERSITY IMPACT CHARITABLE TR.

Totals

Total revenue
$8,159,985
Total expenses
$3,482,902
Contributions and grants received
$3,650,050
Grants paid
$2,852,766
Program service revenue
$0
Investment income
$4,509,935
Other revenue
$0
Total assets, end of year
$128,254
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$128,254
Program services expenses (Part IX)
$2,852,766
Management and general expenses
$630,136
Fundraising expenses
$0
Program service expenses (Part III)
$2,852,766

Program services were 81.9% 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

    $50

  • 1f · All other contributions, gifts and grants

    $3,650,000

  • 1g · Noncash contributions included above

    $3,650,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $4,548,839 · unrelated business $4,548,839

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $3,611,096

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

    securities $3,650,000

  • 7c · Gain or loss

    securities -$38,904 · other assets $0

  • 7d · Net gain or loss

    total -$38,904 · excluded -$38,904

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,852,766 · program services $2,852,766

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: FEDERAL, STATE, AND OTHER INCOME TAXES

    total $630,136 · management and general $630,136

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10 · end of year $128,254

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $10 · end of year $128,254

Mission and programs · 2023

Mission

The Charitable Trust's charitable purposes include accepting donations of business interests, liquidating those interests, and granting those funds to its supported organization, University Impact.

  • Accepting donations of business interests

    Expenses $2,852,766 · Grants $2,852,766

As filed on the 2023 return.

Listed in Part VII

  • Daniel Blake

    TRUSTEE

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    1 + 50 related

  • Daniel Blake

    TRUSTEE

    Total calculated
    $147,692
    From this org
    $0
    From related orgs
    $147,692
    Other
    $0
    Hours/week
    1 + 50 related

  • Hyrum Grenny

    TRUSTEE

    Total calculated
    $86,154
    From this org
    $0
    From related orgs
    $86,154
    Other
    $0
    Hours/week
    1 + 50 related

  • Joellen Nicholson

    TRUSTEE

    Total calculated
    $144,258
    From this org
    $0
    From related orgs
    $144,258
    Other
    $0
    Hours/week
    1 + 50 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.

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.

  • University Impact

    501(c)(3) · Training Students, Donor Advised Funds, Fiscal Sponsorship · UT

    Directly controlled by NA

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • UI VENTURES LLC

    N/A · INVESTMENT MANAGEMENT · UT

    Directly controlled by NA

  • WGAM LLC

    N/A · N/A · UT

    Directly controlled by NA

  • MRS CP LLC

    N/A · N/A · UT

    Directly controlled by NA

  • LITCHFIELD MOONDANCE LLC

    N/A · N/A · UT

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
16 November 2024
IRS schema version
2023v5.1
Source object
202403209349326705

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