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← PARK CITY COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by PARK CITY COMMUNITY FOUNDATION.

Totals

Total revenue
$11,692,949
Total expenses
$9,473,705
Contributions and grants received
$10,669,235
Grants paid
$6,009,037
Program service revenue
$0
Investment income
$1,529,479
Other revenue
-$505,765
Total assets, end of year
$31,481,031
Total liabilities, end of year
$554,879
Net assets or fund balances, end of year
$30,926,152
Program services expenses (Part IX)
$8,230,738
Management and general expenses
$475,359
Fundraising expenses
$767,608
Program service expenses (Part III)
$8,230,738

Program services were 86.9% 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.

  • 1e · Government grants (contributions)

    $59,053

  • 1f · All other contributions, gifts and grants

    $10,610,182

  • 1g · Noncash contributions included above

    $4,211,341

  • 3 · Investment income

    total $769,976 · excluded $769,976

  • 7a · Gross sales of assets other than inventory

    securities $2,049,175

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

    securities $1,289,672

  • 7c · Gain or loss

    securities $759,503

  • 7d · Net gain or loss

    total $759,503 · excluded $759,503

  • 11a · Other revenue: OTHER INCOME

    total -$505,765 · related or exempt -$505,765

  • 11e · Other revenue, total

    -$505,765

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,009,037 · program services $6,009,037

  • 5 · Compensation of officers, directors and key employees

    total $220,935 · program services $132,561 · management and general $35,350 · fundraising $53,024

  • 7 · Other salaries and wages

    total $1,446,813 · program services $949,731 · management and general $143,541 · fundraising $353,541

  • 9 · Other employee benefits

    total $269,232 · program services $174,719 · management and general $28,879 · fundraising $65,634

  • 10 · Payroll taxes

    total $119,658 · program services $77,653 · management and general $12,835 · fundraising $29,170

  • 11c · Fees: accounting

    total $54,099 · program services $2,705 · management and general $45,984 · fundraising $5,410

  • 11f · Fees: investment management

    total $57,046 · program services $52,482 · management and general $4,564

  • 11g · Fees: other

    total $479,273 · program services $214,573 · management and general $168,016 · fundraising $96,684

  • 12 · Advertising and promotion

    total $142,254 · program services $71,127 · fundraising $71,127

  • 13 · Office expenses

    total $53,140 · program services $37,198 · management and general $7,971 · fundraising $7,971

  • 14 · Information technology

    total $37,271 · program services $18,635 · management and general $9,318 · fundraising $9,318

  • 16 · Occupancy

    total $78,288 · program services $52,727 · management and general $7,007 · fundraising $18,554

  • 17 · Travel

    total $15,682 · program services $10,977 · fundraising $4,705

  • 22 · Depreciation, depletion and amortization

    total $32,187 · program services $29,692 · management and general $684 · fundraising $1,811

  • 23 · Insurance

    total $11,172 · program services $5,586 · management and general $3,352 · fundraising $2,234

  • 24a · Other expenses: OTHER EXPENSE

    total $240,575 · program services $184,325 · management and general $7,858 · fundraising $48,392

  • 24b · Other expenses: FUND EXPENSES

    total $207,010 · program services $207,010

  • 24c · Other expenses: COMMUNITY PASS

    total $33 · fundraising $33

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $306,303 · end of year $402,660

  • 2 · Savings and temporary cash investments

    beginning of year $1,857,003 · end of year $1,855,962

  • 3 · Pledges and grants receivable

    beginning of year $319,769 · end of year $127,526

  • 4 · Accounts receivable

    beginning of year $67,566 · end of year $37,543

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,999 · end of year $9,999

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

    $782,283

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

    $195,855

  • 10c · Land, buildings and equipment, net

    beginning of year $610,339 · end of year $586,428

  • 11 · Investments: publicly traded securities

    beginning of year $24,200,039 · end of year $25,687,279

  • 15 · Other assets

    beginning of year $938,841 · end of year $2,773,634

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,307 · end of year $30,145

  • 18 · Grants payable

    beginning of year $95,277 · end of year $170,150

  • 21 · Escrow or custodial account liability

    beginning of year $220,730 · end of year $240,156

  • 25 · Other liabilities

    beginning of year $169,344 · end of year $114,428

  • 27 · Net assets without donor restrictions

    beginning of year $12,257,240 · end of year $14,835,919

  • 28 · Net assets with donor restrictions

    beginning of year $15,555,961 · end of year $16,090,233

Mission and programs · 2024

Mission

WE BRING TOGETHER CARING DONORS, EXPERT NONPROFITS, AND COMMUNITY LEADERS TO CONTRIBUTE FINANCIAL RESOURCES AND INNOVATIVE IDEAS TO BENEFIT ALL THE PEOPLE OF PARK CITY - NOW AND INTO THE FUTURE. WE CARE FOR AND INVEST IN THE PEOPLE, PLACE, AND CULTURE OF GREATER PARK CITY.

Activities or mission (Part I)

THE COMMUNITY FOUNDATION PLAYS A VITAL ROLE IN SOLVING GREATER PARK CITY'S MOST CHALLENGING PROBLEMS.

  • LIVE PC GIVE PC, WOMEN'S GIVING FUND, COMMUNITY FUND, CLIMATE FUND, AFFORDABLE HOUSING FUND, NONPROFIT EDUCATION AND OTHER PROGRAMMING: THE COMMUNITY FOUNDATION'S PRIMARY GOAL IS TO SUPPORT GREATER PARK CITY NONPROFITS WITH THE FOLLOWING: GRANT MAKING, EDUCATION AND SEMINARS, AND COMMUNITY GIVING VEHICLES SUCH AS LIVE PC GIVE PC. IN 2024, LIVE PC GIVE PC, THE ANNUAL GIVING DAY HOSTED BY THE COMMUNITY FOUNDATION, RAISED OVER $5.1 MILLION FROM OVER 7,000 UNIQUE DONORS AND 135 NONPROFITS PARTICIPATED. THE WOMEN'S GIVING FUND HAD PARTICIPATION FROM OVER 2,000 UNIQUE DONORS WHOSE CONTRIBUTIONS WERE USED TO SUPPORT FAMILY AND YOUTH SERVICES. THE COMMUNITY FUND GRANTED OVER $450,000 TO 55 LOCAL NONPROFITS. THE CLIMATE FUND THAT FOCUSES ON LOCAL, HIGH-IMPACT CLIMATE SOLUTIONS LAUNCHED A ZERO FOOD WASTE INITIATIVE, SIGNING UP OVER 1,300 HOUSEHOLDS FOR FOOD WASTE COLLECTION, WITH THE GOAL OF DIVERTING ALL FOOD WASTE FROM SUMMIT COUNTY'S LANDFILL BY 2030. ADDITIONALLY, THE COMMUNITY FOUNDATION PROVIDED MONTHLY OPPORTUNITIES FOR NONPROFIT STAFF AND VOLUNTEERS TO IMPROVE THEIR EFFECTIVENESS; 153 NONPROFIT PROFESSIONALS JOINED OUR NONPROFIT ROUNDTABLES AND YEAR-LONG EXECUTIVE DIRECTOR PEER FORUM IN 2024.

    Expenses $4,040,693 · Grants $921,647

  • MENTAL WELLNESS FUNDS: LAUNCHED IN JANUARY 2017, THE MENTAL WELLNESS ALLIANCE SUPPORTS A RANGE OF PROGRAMS AND INITIATIVES, AS PRIORITIZED IN THE COMMUNITY'S COUNTY-WIDE STRATEGIC PLAN. THE GOAL IS TO INCREASE AWARENESS, PREVENTION, TREATMENT AND OTHER SERVICES AIMED AT MENTAL HEALTH AND SUBSTANCE ABUSE. SINCE INCEPTION, OVER $6M HAS BEEN DEPLOYED FOR GRANTS AND PROGRAMS IN THE COMMUNITY. THE ALLIANCE PARTNERS WITH LOCAL NONPROFITS, COMMUNITY MEMBERS, GOVERNMENTS, SCHOOL DISTRICTS, BUSINESSES, AND CARE PROVIDERS, ALL AIMING TO ADDRESS THIS CRITICAL COMMUNITY NEED.

    Expenses $598,851 · Grants $559,153

  • EARLY CHILDHOOD ALLIANCE: THE EARLY CHILDHOOD ALLIANCE WAS FORMED WITH THE VISION THAT ALL WASATCH BACK CHILDREN AGED ZERO TO THREE SHOULD HAVE EQUITABLE AND ABUNDANT OPPORTUNITIES TO THRIVE, LEARN, AND GROW INTO PARTICIPATING MEMBERS OF THE COMMUNITY. THE EARLY CHILDHOOD ALLIANCE ENGAGES, EDUCATES, AND SUPPORTS COMMUNITY PARTNERS AND FAMILIES SO THAT YOUNG CHILDREN CAN REACH THEIR FULL POTENTIAL DURING THIS CRITICAL STAGE OF DEVELOPMENT. THE ALLIANCE WORKS TO ADDRESS THE EVER-GROWING NEED FOR MORE LOCAL CHILDCARE CAPACITY AND INCREASE ACCESS TO QUALITY EARLY CHILDCARE. IN 2024, THE EARLY CHILDHOOD FUND GRANTED OVER $350,000 TO LOCAL NONPROFITS, AND LED COMMUNITY ADVOCACY EFFORTS TO SUPPORT CHILDCARE PROVIDERS AND FAMILIES, SECURING A $1M INVESTMENT FROM PARK CITY MUNICIPAL TO PROVIDE SCHOLARSHIPS TO QUALIFIED FAMILIES THAT LIVE OR WORK IN PARK CITY. THE SCHOLARSHIP PROGRAM LAUNCHED IN JANUARY 2024 AND LATER EXPANDED IN JUNE 2024 WHEN SUMMIT COUNTY INVESTED AN ADDITIONAL $485,000 TOWARDS CHILDCARE. IN THE FIRST YEAR, THIS NEEDS-BASED PROGRAM SUPPORTED 125 FAMILIES, 150 CHILDREN, AND 28 CHILDCARE PROVIDERS AND RECEIVED NATIONAL RECOGNITION.

    Expenses $548,466 · Grants $350,578

  • YOUTH UNITED: FORMERLY KNOWN AS SOLOMON FUND AND RISE FUND, YOUTH UNITED IS A UNIFIED PROGRAM THAT PROVIDES SCHOOL-AGE CHILDREN AND TEENS IN PARK CITY AND SUMMIT COUNTY NO AND LOW-COST ACCESS TO SPORTS, RECREATION, CLUBS, CAMPS, AND EXTRACURRICULAR ACTIVITIES. THE TWO PROGRAMS COMBINED HAVE GRANTED OVER $1.6M COMBINED SINCE INCEPTION. THIS INITIATIVE CONTINUES TO ADDRESS SEVERAL BARRIERS THAT CURRENTLY HINDER PARTICIPATION FOR THESE FAMILIES, PROVIDING SCHOLARSHIPS FOR FINANCIAL BURDENS AND ACCESS TO EQUIPMENT AND GEAR. THE COMMUNITY FOUNDATION HAS DEDICATED STAFF WHO OPERATE YOUTH UNITED - CONVENING PARTNERS, PROMOTING PROGRAMS, AND HOSTING COMMUNITY OUTREACH EVENTS. IN ADDITION, PARTICIPANTS' FAMILIES ARE ALSO CONNECTED TO IMPORTANT COMMUNITY RESOURCES, LIKE HEALTHCARE, HOUSING RESOURCES, FOOD ACCESS AND MORE. IN 2024, YOUTH UNITED PROVIDED $319,000 IN SCHOLARSHIPS FOR SPORTS AND EXTRACURRICULARS, PARTNERING WITH OVER 30 LOCAL ORGANIZATIONS AND BUSINESSESS. ADDITIONALLY, THE COMMJNITY FOUNDATION HOST REGISTRATION EVENTS TO ASSIST FAMILIES IN ACCESSING THESE PROGRAMS, RESULTING IN A RECORD-BREAKING 2,300 YOUTH UNITED REGISTRATIONS IN 2024.

    Expenses $3,042,728 · Grants $4,177,660

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Cumming

    EMERITUS

    Total calculated
    $0
    Hours/week
    0.1
  • Eyee Hsu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Karen Conway

    CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Anna Frachou

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Rebeca Gonzalez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mindy Halsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Beth Plavan

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Brandi Connolly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Courtney Rae

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Paige Penze

    VICE CHAIR, TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Deirdra Walsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Heather Koopman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Millicent Tracey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Virginia Solomon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Susan Rothman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Enrique Sanchez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Katherine Aguilera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Andy Beerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Allison Boxer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Curtis Feeney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Amy Maentz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tony Tyler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Joel Zarrow

    CEO

    Total calculated
    $256,617
    From this org
    $220,935
    From related orgs
    $0
    Other
    $35,682
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $198,575
    Bonus
    $22,360
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $35,682
    Filer's total
    $256,617
  • Kathleen Hobert

    VP OF FINANCE

    Total calculated
    $136,764
    From this org
    $118,380
    From related orgs
    $0
    Other
    $18,384
    Hours/week
    45
  • Diego Zegarra

    VP OF EQUITY AND IMPACT

    Total calculated
    $137,389
    From this org
    $125,066
    From related orgs
    $0
    Other
    $12,323
    Hours/week
    45
  • Christine Coleman

    VP OF COMMUNICATIONS

    Total calculated
    $131,472
    From this org
    $115,900
    From related orgs
    $0
    Other
    $15,572
    Hours/week
    45
  • Alexis Brown

    VP OF DEVELOPMENT

    Total calculated
    $125,572
    From this org
    $110,139
    From related orgs
    $0
    Other
    $15,433
    Hours/week
    45

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • MT2030 LLC

    HELP TO TRANSITION MOUNTAIN TOWNS TO NET ZERO BY 2030 · UT · income $550,017 · assets $122,825

    Directly controlled by PARK CITY COMMUNITY FOUNDATION

  • COMMUNITIES THAT CARE SUMMIT COUNTY LLC

    PROVIDE ACCESS TO EFFECTIVE YOUTH SUBSTANCE-PREVENTION PROGRAMS · UT · income $0 · assets $14,856

    Directly controlled by PARK CITY COMMUNITY FOUNDATION

  • SUMMIT COUNTY CLUBHOUSE HOME LLC

    SUPPORTIVE, RECOVERY-BASED COMMUNITY FOR ADULTS LIVING WITH MENTAL ILLNESS · UT · income $1,595 · assets $583,034

    Directly controlled by PARK CITY COMMUNITY FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202543179349310819

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