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← EMMA ECCLES JONES ENDOWMENT FOR EXCELLENCE AT THE DAVID ECCLES SCH

Form 990 for tax year 2024

Filed by EMMA ECCLES JONES ENDOWMENT FOR EXCELLENCE AT THE DAVID ECCLES SCH.

Totals

Total revenue
$921,332
Total expenses
$1,375,510
Contributions and grants received
$0
Grants paid
$800,000
Program service revenue
$0
Investment income
$921,332
Other revenue
$0
Total assets, end of year
$25,495,365
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$25,495,365
Program services expenses (Part IX)
$800,000
Management and general expenses
$575,510
Fundraising expenses
$0
Program service expenses (Part III)
$800,000

Program services were 58.2% 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.

  • 3 · Investment income

    total $1,159,380 · unrelated business -$52,691 · excluded $1,212,071

  • 7a · Gross sales of assets other than inventory

    securities $10,933,323

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

    securities $11,171,371

  • 7c · Gain or loss

    securities -$238,048

  • 7d · Net gain or loss

    total -$238,048 · unrelated business $226 · excluded -$238,274

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $800,000 · program services $800,000

  • 11f · Fees: investment management

    total $471,573 · management and general $471,573

  • 20 · Interest

    total $103,479 · management and general $103,479

  • 24a · Other expenses: FOREIGN TAXES

    total $458 · management and general $458

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $621,735 · end of year $600,000

  • 11 · Investments: publicly traded securities

    beginning of year $8,947,502 · end of year $6,529,225

  • 12 · Investments: other securities

    beginning of year $14,337,681 · end of year $18,366,140

  • 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 $23,906,918 · end of year $25,495,365

Mission and programs · 2024

Mission

THE MISSION OF THE EMMA ECCLES JONES ENDOWMENT FOR EXCELLENCE AT THE DAVID ECCLES SCHOOL OF BUSINESS IS TO PROVIDE FINANCIAL SUPPORT TO THE SCHOOL AS IT STRIVES TO ADVANCE INNOVATION THROUGH TRANSFORMATIVE RESEARCH AND TO PREPARE STUDENTS WITH THE KNOWLEDGE, INTEGRITY, AND ENTREPRENEURIAL MINDSET NEEDED TO CREATE MEANINGFUL IMPACT IN BUSINESS AND SOCIETY.

Activities or mission (Part I)

TO SUPPORT THE UNIVERSITY OF UTAH AND THE DAVID ECCLES SCHOOL OF BUSINESS.

  • THE ORGANIZATION IS IN ITS INITIAL YEARS OF OPERATIONS AND FORMED AN ENDOWMENT FUND TO PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF UTAH AND THE DAVID ECCLES SCHOOL OF BUSINESS. WITH ADVANCE INNOVATION THROUGH TRANSFORMATIVE RESEARCH, STUDENTS WILL BE PREPARED WITH THE KNOWLEDGE, INTEGRITY, AND ENTREPRENEURIAL MINDSET NEEDED TO CREATE MEANINGFUL IMPACT IN BUSINESS AND SOCIETY.

    Expenses $800,000 · Grants $800,000

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

Listed in Part VII

  • Taylor Randall

    CHAIR

    Total calculated
    $1,400,410
    From this org
    $0
    From related orgs
    $1,019,309
    Other
    $381,101
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $861,949 related
    Bonus
    $0
    Other
    $0 + $157,360 related
    Deferred
    $0 + $351,594 related
    Nontaxable benefits
    $0 + $29,507 related
    Filer's total
    $0 + $1,400,410 related

  • Bruce Olson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Jonathan Brogaard

    DIRECTOR

    Total calculated
    $560,763
    From this org
    $0
    From related orgs
    $494,723
    Other
    $66,040
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $494,539 related
    Bonus
    $0
    Other
    $0 + $184 related
    Deferred
    $0 + $36,183 related
    Nontaxable benefits
    $0 + $29,857 related
    Filer's total
    $0 + $560,763 related

  • Kurt Dirks

    DIRECTOR (AS OF 07/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Spencer Eccles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rachel Hayes

    DIRECTOR (THRU 06/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Scott Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Marlene Plumlee

    DIRECTOR

    Total calculated
    $286,666
    From this org
    $0
    From related orgs
    $207,623
    Other
    $79,043
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,623 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $54,015 related
    Nontaxable benefits
    $0 + $25,028 related
    Filer's total
    $0 + $286,666 related

  • Anne Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Lewis

    TREASURER

    Total calculated
    $300,162
    From this org
    $0
    From related orgs
    $239,707
    Other
    $60,455
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,707 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,355 related
    Nontaxable benefits
    $0 + $26,100 related
    Filer's total
    $0 + $300,162 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. 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT IS COMPENSATED BY A RELATED ORGANIZATION, UNIVERSITY OF UTAH. THE UNIVERSITY USES A COMPENSATION COMMITTEE AND INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE THE PRESIDENT'S COMPENSATION.
PART I, LINE 4B
TAYLOR RANDALL RECEIVED AN IRC SECTION 457(F) $105,334 DEFERRED COMPENSATION PAYMENT INCLUDED IN WAGES AS THIS AMOUNT WAS NO LONGER AT RISK OF FORFEITURE IN 2024. DEFERRED COMPENSATION FOR TAYLOR RANDALL UNDER IRC SECTION 457(F)OF $233,604 WAS ACCRUED/NOT PAID AND IS SUBJECT TO RISK OF FORFEITURE. THE TERMS AND CONDITIONS OF THE RETIREMENT PLANS ARE THAT THEY ARE SUBJECT TO RISK OF FORFEITURE BASED ON LENGTH OF SERVICE.

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

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
2024
Filed
19 August 2026
IRS schema version
2024v5.5
Source object
202622319349301612

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