BEVERLEY TAYLOR SORENSON FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- BEVERLEY TAYLOR SORENSON FOUNDATION (EIN 46-3784084)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-16
- IRS object ID
- 202003219349102110
- Schema version
- 2019v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Contractor Compensation Expln
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-16T08:08:59-08:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463784084 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Beverley Taylor Sorenson Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BEVE | BusinessNameControlTxt |
| Phone | 8014901013 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2755 E Cottonwood Pkwy 500 | AddressLine1Txt |
| City | Salt Lake City | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84121 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | James Lee Sorenson | PersonNm |
| Person Title | Director | PersonTitleTxt |
| Signature | 2020-11-16 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $27,994,467 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $34 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $2 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $2 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $571,668 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $641,616 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,703,570 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $7,527,681 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,656,242 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $124,722 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$12,343 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,399,996 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,285,517 | TotalNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $824 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $824 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $18,891 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $111,120 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $111,120 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $39,388 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,388 | TaxesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $170,223 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $112,508 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $824 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,178,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,178,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,348,223 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $112,508 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,178,824 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,051,773 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,173,009 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $5,611 | CashBOYAmt |
| Cash EOY | $1,396 | CashEOYAmt |
| Cash EOYFMV | $1,396 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $2,792,195 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,756,324 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,756,324 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $1,392,262 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,420,359 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,420,359 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $16,793,233 | CorporateStockBOYAmt |
| Corporate Stock EOY | $19,915,908 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $19,915,908 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $838,874 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $955,726 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $955,726 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $2,466,856 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,647,916 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,944,754 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $24,289,031 | TotalAssetsBOYAmt |
| Total Assets EOY | $27,697,629 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $27,994,467 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $24,289,031 | RetainedEarningBOYAmt |
| Retained Earning EOY | $27,697,629 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $24,289,031 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $27,697,629 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $24,289,031 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $27,697,629 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $24,289,031 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,051,773 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,356,825 | OtherIncreasesAmt |
| Subtotal | $27,697,629 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $27,697,629 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| Publicly traded securities | P | $7,524,675 | $5,843,300 | $1,681,375 | $1,681,375 |
| K-1 Passthrough | P | $3,006 | $28,139 | -$25,133 | -$25,133 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,656,242 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,214,812 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $25,327,134 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.04797 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $687,600 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $23,542,607 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.02921 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $40,000 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $21,066,971 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.00190 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $838,550 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $22,773,326 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.03682 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $557,257 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,932,399 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.28838 | DistributionYr5Rt |
| Total Distribution | 0.404269 | TotalDistributionRt |
| Average Distribution | 0.080854 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $26,737,554 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $2,161,838 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $21,730 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $2,183,568 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,178,824 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $43,460 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $43,460 | SubtotalAmt |
| Tax Based On Investment Income | $43,460 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $49,676 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $49,676 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $23 | EsPenaltyAmt |
| Overpayment | $6,193 | OverpaymentAmt |
| Applied To ES Tax | $6,193 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | UT | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | James Lee Sorenson | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8014901013 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2755 E Cottonwood Pkwy 500 | AddressLine1Txt |
| City | Salt Lake City | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84121 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| James Lee Sorenson | ||||||
| 2755 E Cottonwood Pkwy 500 | Salt Lake City | UT | 84121 | Director | 1.00 | $0 |
| Joan Fenton | ||||||
| 2755 E Cottonwood Pkwy 500 | Salt Lake City | UT | 84121 | Director | 1.00 | $0 |
| Joseph Sorenson | ||||||
| 2755 E Cottonwood Pkwy 500 | Salt Lake City | UT | 84121 | Director | 1.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sepio Capital | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 California Street Suite 3525 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Investment advice | ServiceTypeTxt |
| Compensation | $111,120 | CompensationAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $22,688,310 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,100,942 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,355,473 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $27,144,725 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $27,144,725 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $407,171 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $26,737,554 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,336,878 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,336,878 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $43,460 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $43,460 | TotalTaxAmt |
| Distributable Before Adj | $1,293,418 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,293,418 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,293,418 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,178,824 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,178,824 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $1,178,824 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,293,418 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,162,506 | UndistributedIncomePYAmt |
| Qualifying Distributions | $1,178,824 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,162,506 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $16,318 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $1,277,100 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| University of Utah | |||||||
| 1395 Presidents Circle | Salt Lake City | UT | 84112 | None | GOV | Arts learning program film production | $25,000 |
| Brigham Young University | |||||||
| 1450 N University Ave | Provo | UT | 84604 | None | PC | School of Music concert series | $25,000 |
| Hale Center Theater | |||||||
| 3333 S Decker Lake Dr | Salt Lake City | UT | 84119 | None | PC | Student matinee program | $30,000 |
| American Indian Services | |||||||
| 3115 E Lion Ln Suite 320 | Cottonwood Heights | UT | 84121 | None | PC | AIS scholarship program | $100,000 |
| Junior Achievement of Utah | |||||||
| 515 South 700 East Suite 1F | Salt Lake City | UT | 84102 | None | PC | Whole school funding for JA education | $12,500 |
| Utah Chamber Artists | |||||||
| 11640 Littler Rd | Sandy | UT | 84092 | None | PC | Concert series | $100,000 |
| Intermountain Healthcare Foundation | |||||||
| 1034 N 500 W | Provo | UT | 84604 | None | PC | Music therapy program | $100,000 |
| University of Utah | |||||||
| 1395 Presidents Circle | Salt Lake City | UT | 84112 | None | GOV | Arts learning impact measurement | $120,000 |
| University of utah | |||||||
| 1395 Presidents Circle | Salt Lake City | UT | 84112 | None | GOV | Funding for Arts Endowed Chair | $500,000 |
| Voices for Utah Children | |||||||
| 747 E South Temple Suite 100 | Salt Lake City | UT | 84112 | None | PC | Utah Juvenile Justice Program | $40,000 |
| Center for Latter-day Saint Arts | |||||||
| 456 Riverside Dr 10A | New York | NY | 10027 | None | PC | Festival stipends for artists and scholars | $15,000 |
| Voices for Utah Children | |||||||
| 747 E South Temple Suite 100 | Salt Lake City | UT | 84112 | None | PC | Childhood early education online portal | $5,000 |
| Spy Hop Productions | |||||||
| 699 S West Temple Suite 202 | Salt Lake City | UT | 84101 | None | PC | Arts outreach program | $25,000 |
| Utah State University | |||||||
| 2800 Old Main HIll | Logan | UT | 84322 | None | GOV | Rural UT art education outreach | $45,500 |
| Weber State Univiersity | |||||||
| 3950 West Campus Dr - Dept 1905 | Odgen | UT | 84403 | None | GOV | Arts internship program | $10,000 |
| The Treehouse Project | |||||||
| 1806 NW 32nd Avenue Unit B | Portland | OR | 97210 | None | PC | Captioning for Sundance Film Festival | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,178,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $571,668 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,703,570 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Passthru investments | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $124,722 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $2,399,962 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,399,962 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | Yes (true) | RelationshipsNonchrtblEOInd |
Relationship Schedule Detail RelationshipScheduleDetail
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Friends of the Beverley | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Type | 501(c)(4) | OrganizationTypeDesc |
| Relationship Description | Beverley Taylor Sorenson Foundation shares common directors with Friends of the Beverley Taylor Sorenson Arts Learning Program | RelationshipDescriptionTxt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting | CategoryTxt |
| Amt | $18,891 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp
Contractor Business Name ContractorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sepio Capital | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | Sepio Capital receives compensation for managing the Foundation's investment portfolio. | ExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (32 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Comcast Corp GLB Jul 2019 | $37,062 | $37,062 |
| Morgan Stanley GLB May 2019 | $21,207 | $21,207 |
| AT&T Note Nov 2025 | $27,482 | $27,482 |
| Abbvie Inc Note April 2021 | $25,167 | $25,167 |
| American Express Note Feb 2020 | $15,333 | $15,333 |
| Apple Inc Note Dec 2022 | $46,743 | $46,743 |
| Bank America Note April 2024 | $48,649 | $48,649 |
| Boston PPTYS LTD Note Nov 2023 | $10,737 | $10,737 |
| CVS Health Corp Note Jan 2025 | $27,115 | $27,115 |
| Citigroup Inc Note | $31,314 | $31,314 |
| Deere John Cap Corp Note Mar 2023 | $46,582 | $46,582 |
| General Mills Inc Note Sep 2023 | $26,535 | $26,535 |
| Goldman Sachs Note Apr 2021 | $30,541 | $30,541 |
| Home Depot Note Jun 2025 | $48,531 | $48,531 |
| JP Morgan Chase Note Oct 2026 | $46,709 | $46,709 |
| Sanofi Note Mar 2021 | $31,118 | $31,118 |
| Schlumberger SA Note Dec 2023 | $42,450 | $42,450 |
| Statoil Note Jan 2023 | $41,076 | $41,076 |
| Toronto-Dominion Bank Note Dec 2020 | $45,312 | $45,312 |
| Total Capital SA Note June 2020 | $21,938 | $21,938 |
| UnitedHealth Group Note Dec 2021 | $41,120 | $41,120 |
| Verizon Inc Note Sep 2023 | $28,177 | $28,177 |
| Waste Management Inc Note | $10,337 | $10,337 |
| Amgen Inc Note | $15,280 | $15,280 |
| Anthem Inc Note | $21,241 | $21,241 |
| Enbridge Inc Note | $10,321 | $10,321 |
| Medtronic Inc Note | $14,529 | $14,529 |
| Merck & Co Inc Note | $38,295 | $38,295 |
| Microsoft Corp Note | $46,972 | $46,972 |
| nextera Energy Cap Holdings Bond | $20,557 | $20,557 |
| PNC Financial Services Inc Note | $21,371 | $21,371 |
| Simon Property Group LP Note | $15,925 | $15,925 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Corporate Stocks (see stmt) | StockNm |
| EOY Book Value | $19,915,908 | EOYBookValueAmt |
| EOYFMV | $19,915,908 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $947,748 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $947,748 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $472,611 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $472,611 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ML Private Equity Investments | FMV | $652,974 | $652,974 |
| Private Equity Investment | AT COST | $2,994,942 | $3,291,780 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal | CategoryTxt |
| Legal Fees | $824 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $824 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Passthru investments | Desc |
| Revenue And Expenses Per Books | $124,722 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | -$12,343 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Management Fees | CategoryTxt |
| Amt | $111,120 | Amt |
| Net Investment Income | $111,120 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Federal taxes | $38,000 | |
| Foreign taxes | $1,388 | $1,388 |
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