Skip to content
Nonprofiteer
← COMMUNITY TRUST OF UTAH

Form 990 for tax year 2023

Filed by COMMUNITY TRUST OF UTAH.

Totals

Total revenue
$15,901,466
Total expenses
$15,543,602
Contributions and grants received
$7,779,367
Grants paid
$14,818,624
Program service revenue
$0
Investment income
$8,180,632
Other revenue
-$58,533
Total assets, end of year
$31,571,722
Total liabilities, end of year
$591,243
Net assets or fund balances, end of year
$30,980,479
Program services expenses (Part IX)
$14,977,150
Management and general expenses
$566,452
Fundraising expenses
$0
Program service expenses (Part III)
$14,977,150

Program services were 96.4% 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

    $7,779,367

  • 1g · Noncash contributions included above

    $7,371,317

  • 3 · Investment income

    total $1,140,635 · unrelated business $36,037 · excluded $1,104,598

  • 7a · Gross sales of assets other than inventory

    securities $19,833,679 · other assets $6,782,616

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

    securities $19,576,298

  • 7c · Gain or loss

    securities $257,381 · other assets $6,782,616

  • 7d · Net gain or loss

    total $7,039,997 · unrelated business $6,782,616 · excluded $257,381

  • 11a · Other revenue: K-1 INCOME

    total -$58,533 · unrelated business -$58,533

  • 11e · Other revenue, total

    -$58,533

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,818,624 · program services $14,818,624

  • 11b · Fees: legal

    total $32,081 · program services $25,664 · management and general $6,417

  • 11c · Fees: accounting

    total $15,577 · program services $12,462 · management and general $3,115

  • 13 · Office expenses

    total $1,788 · management and general $1,788

  • 24a · Other expenses: INCOME TAX PROVISION

    total $555,132 · management and general $555,132

  • 24b · Other expenses: ADMINISTRATION FEES

    total $120,400 · program services $120,400

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $18,104,863 · end of year $334,141

  • 11 · Investments: publicly traded securities

    beginning of year $16,194,826 · end of year $26,303,227

  • 12 · Investments: other securities

    beginning of year $4,014,724 · end of year $4,686,516

  • 15 · Other assets

    end of year $247,838

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,040,747 · end of year $371,243

  • 18 · Grants payable

    end of year $220,000

  • 27 · Net assets without donor restrictions

    beginning of year $37,273,666 · end of year $30,980,479

Mission and programs · 2023

Mission

THE TRUST WAS FORMED TO BENEFIT, PERFORM THE FUNCTIONS OF, AND CARRY OUT THE CHARITABLE PURPOSE OF THE COMMUNITY FOUNDATION OF UTAH (CFU). CFU IS UTAH'S PARTNER IN PHILANTHROPY, PIONEERING INNOVATION AND COLLABORATION TO INVEST IN OUR COMMUNITY TODAY FOR A BRIGHTER TOMORROW. CFU SEEKS THE BEST EMERGING IDEAS IN PHILANTHROPY AND PARTNERS WITH INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS TO HELP COMMUNITIES PROGRESS.

  • DURING 2023, THE ORGANIZATION RECEIVED 11 LARGE GIFTS AND ESTABLISHED DONOR ADVISED FUNDS FOR THE DONORS.

    Expenses $14,977,150 · Grants $14,818,624

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brad Dickson

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.4 + 1 related

  • Trish Coughlin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.4 + 1.4 related

  • Doug Hansen

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Marty Tate

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Chris Conard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.0
Source object
202433189349303893

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.