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Nonprofiteer
← COMMUNITY TRUST OF UTAH

Form 990 for tax year 2022

Filed by COMMUNITY TRUST OF UTAH.

Totals

Total revenue
$53,168,017
Total expenses
$33,911,300
Contributions and grants received
$30,389,239
Grants paid
$31,424,637
Program service revenue
$0
Investment income
$22,086,451
Other revenue
$692,327
Total assets, end of year
$38,314,413
Total liabilities, end of year
$1,040,747
Net assets or fund balances, end of year
$37,273,666
Program services expenses (Part IX)
$31,563,477
Management and general expenses
$2,347,823
Fundraising expenses
$0
Program service expenses (Part III)
$31,563,477

Program services were 93.1% 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

    $30,389,239

  • 1g · Noncash contributions included above

    $29,262,260

  • 3 · Investment income

    total $308,068 · unrelated business $232,062 · excluded $76,006

  • 7a · Gross sales of assets other than inventory

    securities $36,805,295 · other assets $18,517,799

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

    securities $33,544,711

  • 7c · Gain or loss

    securities $3,260,584 · other assets $18,517,799

  • 7d · Net gain or loss

    total $21,778,383 · unrelated business $18,517,799 · excluded $3,260,584

  • 11a · Other revenue: K-1 INCOME

    total $692,327 · unrelated business $692,327

  • 11e · Other revenue, total

    $692,327

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $31,349,637 · program services $31,349,637

  • 3 · Grants to foreign organizations and individuals

    total $75,000 · program services $75,000

  • 11a · Fees: management

    total $89,019 · program services $89,019

  • 11b · Fees: legal

    total $47,799 · program services $38,239 · management and general $9,560

  • 11c · Fees: accounting

    total $12,059 · program services $9,647 · management and general $2,412

  • 11g · Fees: other

    total $2,419 · program services $1,935 · management and general $484

  • 13 · Office expenses

    total $1,891 · management and general $1,891

  • 24a · Other expenses: UBIT

    total $2,333,476 · management and general $2,333,476

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $28,392,966 · end of year $18,104,863

  • 11 · Investments: publicly traded securities

    beginning of year $1,360,597 · end of year $16,194,826

  • 12 · Investments: other securities

    beginning of year $8,017,606 · end of year $4,014,724

  • 15 · Other assets

    beginning of year $1,152,287

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,333,778 · end of year $1,040,747

  • 27 · Net assets without donor restrictions

    beginning of year $37,589,678 · end of year $37,273,666

Mission and programs · 2022

Mission

THE TRUST WAS FORMED TO BENEFIT, PERFORM THE FUNCTIONS OF, AND CARRY OUT THE CHARITABLE PURPOSES OF THE COMMUNITY FOUNDATION OF UTAH. THE FOUNDATION'S MISSION IS TO HARNESS UTAH'S ENTREPRENEURIAL SPIRIT IN SERVICE TO THE COMMON GOOD. THE FOUNDATION HELPS PEOPLE GATHER ASSETS AND IDEAS THAT WILL SERVE THE STATE OF UTAH. ITS VISION IS TO BE A CATALYST FOR PHILANTHROPY THAT IS VISIONARY, SUSTAINABLE, AND INCLUSIVE.

  • DURING 2022, THE ORGANIZATION RECEIVED 11 LARGE GIFTS AND ESTABLISHED DONOR ADVISED FUNDS FOR THE DONORS.

    Expenses $31,563,477 · Grants $31,424,637

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brad Dickson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.4 + 1.5 related

  • Trish Coughlin

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.4 + 1 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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349310750

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