Totals
- Total revenue
- $128,799,720
- Total expenses
- $30,555,462
- Contributions and grants received
- $122,416,704
- Grants paid
- $28,205,286
- Program service revenue
- $116,622
- Investment income
- $6,084,895
- Other revenue
- $181,499
- Total assets, end of year
- $229,364,341
- Total liabilities, end of year
- $595,036
- Net assets or fund balances, end of year
- $228,769,305
- Program services expenses (Part IX)
- $28,916,364
- Management and general expenses
- $1,500,629
- Fundraising expenses
- $138,469
- Program service expenses (Part III)
- $28,916,364
Program services were 94.6% 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
$2,852,766
-
1f · All other contributions, gifts and grants
$119,563,938
-
1g · Noncash contributions included above
$89,141,221
-
2a · Program service revenue: INVESTMENT MANAGEMENT FEES
total $116,622 · related or exempt $116,622
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $5,104,573 · unrelated business $2,434,083 · excluded $2,670,490
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · unrelated business $0
-
7a · Gross sales of assets other than inventory
other assets $38,115,180
-
7b · Less cost or other basis and sales expenses
securities $52,573 · other assets $37,082,285
-
7c · Gain or loss
securities -$52,573 · other assets $1,032,895
-
7d · Net gain or loss
total $980,322 · excluded $980,322
-
11a · Other revenue: OTHER INCOME
total $181,499 · related or exempt $181,499
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$181,499
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $27,545,570 · program services $27,545,570
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $659,716 · program services $659,716
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $6,000 · program services $0 · management and general $6,000 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $232,870 · program services $155,786 · management and general $77,084 · fundraising $0
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $0 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $10,502 · program services $6,889 · management and general $3,613 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $9,259 · program services $0 · management and general $9,259 · fundraising $0
-
11c · Fees: accounting
total $25,500 · program services $0 · management and general $25,500 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $1,353,995 · program services $522,994 · management and general $694,278 · fundraising $136,723
-
12 · Advertising and promotion
total $235 · program services $179 · management and general $0 · fundraising $56
-
13 · Office expenses
total $14,355 · program services $0 · management and general $14,355 · fundraising $0
-
14 · Information technology
total $43,546 · program services $0 · management and general $43,546 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $29,908 · program services $24,364 · management and general $5,544 · fundraising $0
-
17 · Travel
total $3,616 · program services $866 · management and general $1,060 · fundraising $1,690
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $1,183 · program services $0 · management and general $1,183 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $0 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $0 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: Federal, state, and other income taxes
total $472,565 · program services $0 · management and general $472,565 · fundraising $0
-
24b · Other expenses: Miscellaneous expenses
total $116,908 · program services $0 · management and general $116,908 · fundraising $0
-
24c · Other expenses: Bank fees
total $29,734 · program services $0 · management and general $29,734 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
26 · Joint costs (an allocation of the lines above)
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 $4,352,491 · end of year $5,523,498
-
4 · Accounts receivable
beginning of year $53,894 · end of year $34,357
-
5 · Loans and receivables from officers and key people
beginning of year $972,445 · end of year $481,705
-
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
-
11 · Investments: publicly traded securities
beginning of year $68,471,035 · end of year $114,175,511
-
12 · Investments: other securities
beginning of year $61,577,241 · end of year $103,647,214
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $21,999 · end of year $5,502,056
-
17 · Accounts payable and accrued expenses
beginning of year $71,575 · end of year $22,826
-
19 · Deferred revenue
beginning of year $151,944 · end of year $151,944
-
22 · Loans and payables to officers and key people
beginning of year $5,251 · end of year $10,770
-
23 · Secured mortgages and notes payable
beginning of year $675,307 · end of year $409,496
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $133,156,863 · end of year $204,463,726
-
28 · Net assets with donor restrictions
beginning of year $1,388,165 · end of year $24,305,578
Mission and programs · 2023
Mission
UNIVERSITY IMPACT (UI) WAS FOUNDED TO BUILD AN ECOSYSTEM THAT CAN ACCELERATE SOLVING THE WORLD'S SOCIAL AND ENVIRONMENTAL PROBLEMS.
-
UNIVERSITY IMPACT SERVES AS A SPONSORING ORGANIZATION AS DESCRIBED IN CODE SECTION 4966(D)(1) AND MAINTAINS A PORTFOLIO OF DONOR ADVISED FUNDS DAFS. EACH DAF IS AN ACCOUNT: I. SEPARATELY IDENTIFIED BY REFERENCE TO CONTRIBUTIONS OF A DONOR OR DONORS; II. OWNED AND CONTROLLED BY UNIVERSITY IMPACT; III. AND HAS ADVISORY, NON-BINDING PRIVILEGES WITH RESPECT TO THE DISTRIBUTIONS OR INVESTMENTS OF THE DAF FUNDS.
Expenses $28,291,871 · Grants $27,655,414 · Revenue $116,622
-
THE CORPORATION ALSO ACTS AS A FISCAL SPONSOR FOR EMERGING CHARITABLE PROJECTS THAT HAVE NOT YET RECEIVED FEDERAL TAX EXEMPTION.
Expenses $519,732 · Grants $445,111 · Revenue $151,052
-
UNIVERSITY IMPACT HELD A NUMBER OF ONLINE TRAINING SESSIONS AND ALSO HELPED PERFORM DUE DILIGENCE.
Expenses $104,761 · Grants $104,761 · Revenue $30,447
As filed on the 2023 return.
Listed in Part VII
-
AARON MILLER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
DANIEL BLAKE
EXECUTIVE DIRECTOR
- Total calculated
- $6,000
- From this org
- $6,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50 + 1 related
-
CHAITALI PATEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
GEOFF WOOLLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 10
-
KATHERINE RITCHIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
KURT BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
LINDSEY PADJEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
MARCIA NELSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
STEVE LEININGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
TODD MANWARING
BOARD MEMBER
- 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
-
The Church of Jesus Christ of Latter Day Saints
$14,561,924
Tithing
-
$950,000
to support organization
-
Renaissance Charitable Foundation
$940,866
to support organization
-
$525,000
to support organization
-
$500,000
to support organization
-
$375,916
Nets on Fire
-
Southern Highlands Reserve Inc
$340,000
to support organization
-
$333,219
Loan Fund (Primarily Honduras)
-
$322,500
DEI and Practice Center
-
$273,785
BYU Athletic Department
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
501(c)(3) · Fundraising · UT · controlled entity
Directly controlled by UI
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.
-
HOLD REAL ESTATE · UT · income $0 · assets $17,821,668
Directly controlled by UNIVERSITY IMPACT
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Excluded · WHOLESALE MIRROR & GLASS · VA · 99% owned · share of income $4,510 · share of assets $307,453
Directly controlled by University Impact
-
Excluded · COLLECTIONS · TX · 99% owned · share of income -$11,948 · share of assets $113,508
Directly controlled by UNIVERSITY IMPACT
-
Excluded · DANCE · SC · 99% owned · share of income $11,273 · share of assets $2,718,350
Directly controlled by UNIVERSITY IMPACT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349326043
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.