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Nonprofiteer
← SMITH ENTERTAINMENT GROUP FOUNDATION

Form 990 for tax year 2023

Filed by SMITH ENTERTAINMENT GROUP FOUNDATION.

Totals

Total revenue
$3,583,019
Total expenses
$3,607,087
Contributions and grants received
$3,463,402
Grants paid
$3,508,000
Program service revenue
$0
Investment income
$62,137
Other revenue
$57,480
Total assets, end of year
$1,975,992
Total liabilities, end of year
$695,329
Net assets or fund balances, end of year
$1,280,663
Program services expenses (Part IX)
$3,508,000
Management and general expenses
$99,087
Fundraising expenses
$0
Program service expenses (Part III)
$3,508,000

Program services were 97.3% 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

    $3,463,402

  • 3 · Investment income

    total $62,137 · related or exempt $62,137

  • 8a · Fundraising events: gross income

    $220,000

  • 8b · Fundraising events: direct expenses

    $162,520

  • 8c · Net income from fundraising events

    total $57,480 · excluded $57,480

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,508,000 · program services $3,508,000

  • 11c · Fees: accounting

    total $16,000 · management and general $16,000

  • 12 · Advertising and promotion

    total $7,908 · management and general $7,908

  • 13 · Office expenses

    total $4,094 · management and general $4,094

  • 19 · Conferences, conventions and meetings

    total $71,085 · management and general $71,085

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,263,589 · end of year $1,936,742

  • 3 · Pledges and grants receivable

    beginning of year $45,275 · end of year $39,250

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,133 · end of year $695,329

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,304,731 · end of year $1,280,663

Mission and programs · 2023

Mission

SUPPORTING IMPORTANT CAUSES IN OUR STATE, COMMUNITY, AND NATION AS WE WORK TOWARDS CREATING A BETTER WORLD.

Activities or mission (Part I)

SUPPORTING IMPORTANT CAUSES IN OUR STATE, COMMUNITY, AND NATION AS WE WORK TOWARD CREATING A BETTER WORLD.

  • THE 10,000 DEGREES GRANT PROVIDES SCHOLARSHIPS FOR UNDERSERVED COMMUNITIES

    Expenses $3,217,000 · Grants $3,217,000

  • SALT LAKE CITY PROVIDES COMMUNITY BASKETBALL COURTS FOR THE BENEFIT OF THE LOCAL COMMUNITY.

    Expenses $100,000 · Grants $100,000

  • CHABAD LUBAVITCH OF UTAH PROVIDES OUTREACH FOR YOUNG ADULTS THROUGHOUT UTAH STRUGGLING WITH MENTAL HEALTH ADDICTION; TO GUIDE AND EMPOWER THEM IN FINDING MEANING AND PURPOSE IN THEIR LIVES.

    Expenses $50,000 · Grants $50,000

  • VARIOUS OTHER PROGRAM SERVICES TO CONTINUE THE MISSION OF THE UTAH JAZZ FOUNDATION

    Expenses $141,000 · Grants $141,000

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

Listed in Part VII

  • Mike Maughan

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • Jason White

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Erin Goodsell

    COUNSEL

    Total calculated
    $0
    Hours/week
    0.25

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

  • 10000 DEGREES

    $3,217,000

    PROVIDES SCHOLARSHIPS FOR UNDERSERVED COMMUNITIES.

  • SALT LAKE CITY

    $100,000

    FOR CONSTRUCTION OF COMMUNITY BASKETBALL COURTS FOR THE BENEFIT OF THE LOCAL COMMUNITY.

  • CHABAD LUBAVITCH OF UTAH

    $50,000

    OUTREACH FOR YOUNG ADULTS THROUGHOUT UTAH STRUGGLING WITH MENTAL HEALTH ADDICTION; TO GUIDE AND EMPOWER THEM IN FINDING MEANING AND PURPOSE IN THEIR LIVES.

  • CREWE FOUNDATION

    $26,000

    BENEFIT AND POSITIVELY IMPACT THE LIVES OF YOUNG PEOPLE BY PROVIDING EDUCATIONAL AND VOCATIONAL OPPORTUNITIES THROUGH THE GAME OF GOLF

  • FOREVER YOUNG FOUNDATION

    $25,000

    PASSING ON HOPE AND RESOURCES FOR THE DEVELOPMENT, STRENGTH, AND EDUCATION OF CHILDREN. FOREVER YOUNG SERVES CHILDREN IN UTAH FACING SIGNIFICANT PHYSICAL, EMOTIONAL, AND FINANCIAL CHALLENGES BY PROVIDING THEM WITH ACADEMIC, ATHLETIC, AND THERAPEUTIC OPPORTUNITIES CURRENTLY UNAVAILABLE TO THEM.

  • GANTRY FOUNDATION

    $25,000

    SUPPORT COLLEGE PERSISTENCE AND CAREER READINESS AMONG FIRST-GENERATION, LOW-INCOME STUDENTS.

  • TONY FINAU FOUNDATION

    $25,000

    EMPOWER AND INSPIRE YOUTH AND THEIR FAMILIES TO DISCOVER, DEVELOP, AND ACHIEVE THE BEST OF THEIR GIFTS THROUGH EDUCATION, WELLNESS, AND RECREATION

  • POSITIVE COACHING ALLIANCE

    $25,000

    PROVIDE RESOURCES TO YOUTH COACHES, PARENTS, PLAYERS, AND OFFICIALS COMMITTED TO MAKING SURE YOUTH HAVE A POSITIVE AND FUN SPORTS EXPERIENCE.

  • IZZY'S VILLAGE

    $10,000

    PROVIDE HELP TO YOUTH EXPERIENCING BULLYING AND DEPRESSION.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202413189349311116

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