Form 990 for tax year 2024
Filed by AMERICAN FOUNDATION OF UTAH INC.
Totals
- Total revenue
- $2,630,474
- Total expenses
- $2,961,951
- Contributions and grants received
- $20,764
- Grants paid
- $2,543,977
- Program service revenue
- $0
- Investment income
- $2,594,278
- Other revenue
- $15,432
- Total assets, end of year
- $39,910,450
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $39,910,450
- Program services expenses (Part IX)
- $2,543,977
- Management and general expenses
- $417,974
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,543,977
Program services were 85.9% 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.
-
1f · All other contributions, gifts and grants
$20,764
-
1g · Noncash contributions included above
$15,764
-
3 · Investment income
total $1,760,068 · related or exempt $1,760,068
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $19,480,452
-
7b · Less cost or other basis and sales expenses
securities $18,646,242
-
7c · Gain or loss
securities $834,210
-
7d · Net gain or loss
total $834,210 · related or exempt $834,210
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: ADMIN FEES
total $15,432 · related or exempt $15,432
-
11e · Other revenue, total
$15,432
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,543,977 · program services $2,543,977
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $6,000 · management and general $6,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $88,187 · management and general $88,187
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $3,740 · management and general $3,740
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $300,669 · management and general $300,669
-
11g · Fees: other
total $91 · management and general $91
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $327 · management and general $327
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: FOREIGN TAX
total $18,960 · management and general $18,960
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $959,069 · end of year $2,898,198
-
2 · Savings and temporary cash investments
beginning of year $7,756,210 · end of year $6,839,337
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $26,271,599 · end of year $26,040,431
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $4,796,161 · end of year $4,132,484
-
31 · Retained earnings, endowment or other funds
beginning of year $39,783,039 · end of year $39,910,450
Mission and programs · 2024
Mission
TO PROMOTE AND FACILITATE THE PRIVATIZATION OF PHILANTHROPY
-
ALLOCATED COSTS INCURRED IN ADMINISTRATION OF CHARITABLE REMAINDER TRUSTS, PROGRAM PRESENTATION COSTS TO GROUPS, AND OTHERS, AND DISTRIBUTION OF GRANTS AND OTHER COSTS RELATING TO CHARITABLE PROGRAMS. ALLOCATED COSTS INCLUDE ALL COSTS THAT PERTAIN TO SUPPORTING AND EFFECTUATING, EITHER DIRECTLY OR INDIRECTLY, THE CHARITABLE MISSION OF THE AMERICAN FOUNDATION OF UTAH. THIS MISSION IS TO PROMOTE AND FACILITATE THE PRIVATIZATION OF PHILANTHROPY, THEREBY CREATING VAST AMOUNTS OF NEW AND MORE EFFECTIVE PHILANTHROPY.
Expenses $2,543,977
As filed on the 2024 return.
Listed in Part VII
-
Benson L SchaubBENSON L SCHAUB
DIRECTOR/CEO
- Total calculated
- $178,074
- From this org
- $0
- From related orgs
- $178,074
- Other
- $0
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- not reported + $178,074 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $178,074 related
-
Randon W WilsonRANDON W WILSON
DIRECTOR/COO/VP
- Total calculated
- $6,000
- From this org
- $6,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Melanie GrafMELANIE GRAF
DIRECTOR/SECRET
- Total calculated
- $0
- Hours/week
- 1
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
None.
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
-
$300,000
GENERAL
-
$200,000
GENERAL
-
$123,000
GENERAL
-
$115,000
GENERAL
-
$112,400
GENERAL
-
$100,000
MEDICAL
-
$100,000
GENERAL
-
$100,000
GENERAL
-
Church of Jesus Christ of LDS
$82,500
RELIGIOUS
-
$75,000
GENERAL
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) · ASSIST CHARITABLE ORG IN THE PRIVATIZATI · AZ
Directly controlled by AMERICAN FOUNDATION INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202501959349302250
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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