JAMES LEE SORENSON FAMILY FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- JAMES LEE SORENSON FAMILY FOUNDATION (EIN 45-6794415)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-17
- IRS object ID
- 202043229349100829
- 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
- All Oth Prog Rltd Investments Sch
- Contractor Compensation Expln
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-17T14:03:43-08:00 | 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 | 456794415 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | James Lee Sorenson Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JAME | BusinessNameControlTxt |
| Phone | 8014901013 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2755 E Cottonwood Pkwy | 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 | Trustee | PersonTitleTxt |
| Signature | 2020-11-17 | 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 | $57,331,935 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $11 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $11 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,348,007 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,320,025 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,468,934 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $18,049,344 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,462,505 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $207,577 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $348,948 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $4,024,529 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,131,489 | TotalNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $2,752 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $2,752 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $30,390 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $209,358 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $208,358 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $65,720 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $22,662 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $107 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $308,327 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $231,020 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,752 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,392,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,392,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,700,827 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $231,020 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,395,252 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,323,702 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,900,469 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $119,052 | CashBOYAmt |
| Cash EOY | $4,570 | CashEOYAmt |
| Cash EOYFMV | $4,570 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $2,744,276 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,985,737 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,985,737 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $523,573 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $4,871,554 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $4,871,554 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $36,381,659 | CorporateStockBOYAmt |
| Corporate Stock EOY | $37,058,342 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $37,058,342 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,763,526 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $3,415,652 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $3,415,652 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $2,563,274 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $5,247,524 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $5,496,257 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $4,239,378 | OtherAssetsBOYAmt |
| Other Assets EOY | $4,499,823 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $4,499,823 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $49,334,738 | TotalAssetsBOYAmt |
| Total Assets EOY | $57,083,202 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $57,331,935 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $49,334,738 | RetainedEarningBOYAmt |
| Retained Earning EOY | $57,083,202 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $49,334,738 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $57,083,202 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $49,334,738 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $57,083,202 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $49,334,738 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,323,702 | ExcessRevenueOverExpensesAmt |
| Other Increases | $5,424,762 | OtherIncreasesAmt |
| Subtotal | $57,083,202 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $57,083,202 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| Publicly traded securities | P | $17,603,935 | $15,077,682 | $2,526,253 | $2,526,253 |
| WiseBanyon stock | P | $3,000 | $25,000 | -$22,000 | -$22,000 |
| Social Finance NY | P | $442,409 | $447,408 | -$4,999 | -$4,999 |
| K-1 Passthrough | P | $36,749 | -$36,749 | -$36,749 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,462,505 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $2,409,803 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $49,338,510 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.04884 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $2,065,834 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $46,851,717 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.04409 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $2,302,660 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $43,969,928 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.05237 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $2,390,906 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $45,924,663 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.05206 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $2,335,370 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $46,802,340 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.04990 | DistributionYr5Rt |
| Total Distribution | 0.247264 | TotalDistributionRt |
| Average Distribution | 0.049453 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $49,901,474 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $2,467,778 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $39,005 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $2,506,783 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $2,409,491 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $78,009 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $78,009 | SubtotalAmt |
| Tax Based On Investment Income | $78,009 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $83,538 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $83,538 | TotalPaymentsAndCreditsAmt |
| Overpayment | $5,529 | OverpaymentAmt |
| Applied To ES Tax | $5,529 | 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 | Jim 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 | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | James Lee Sorenson | PersonNm |
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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Trustee | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 5.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| 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 | $208,358 | CompensationAmt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Capsule Global Inc (aka Flare): Reducing emergency response times and saving lives through connecting emergency response units to patients in need. | Description1Txt |
| Expenses1 | $250,000 | Expenses1Amt |
| Description2 | Catbus Infolabs (aka Blowhorn): Increasing business opportunities and income for lower middle-income Indian residents to alleviate burdens of the poor and provide greater educational opportunities. | Description2Txt |
| Expenses2 | $246,579 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $517,660 | AllOtherProgramRltdInvstTotAmt |
| Total | $1,014,239 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $46,522,250 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,602,823 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,536,322 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $50,661,395 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $50,661,395 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $759,921 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $49,901,474 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,495,074 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,495,074 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $78,009 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $78,009 | TotalTaxAmt |
| Distributable Before Adj | $2,417,065 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $677,624 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $3,094,689 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,094,689 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,395,252 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $1,014,239 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,409,491 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $2,409,491 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,094,689 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,287,035 | UndistributedIncomePYAmt |
| Qualifying Distributions | $2,409,491 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,287,035 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $122,456 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $2,972,233 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | James Lee Sorenson | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| The Church of Jesus Christ of LDS | |||||||
| 50 E North Temple | Salt Lake City | UT | 84150 | None | PC | General support | $1,100,000 |
| Junior Achievement of Utah | |||||||
| 515 South 700 East 1F | Salt Lake City | UT | 84102 | None | PC | Silent auction sponsorship | $5,000 |
| University of Utah | |||||||
| 85 Fort Douglas Blvd Bldg 602 | Salt Lake City | UT | 84113 | None | GOV | Impact investing initiative and field buidling | $237,500 |
| Utah Arts Cultural Alliance | |||||||
| 254 W 400 S Suite 202 | Salt Lake City | UT | 84101 | None | PC | Funding for the UN Civil Society Conference | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,392,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $11 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,348,007 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,468,934 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Income from passthroughs | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $207,577 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,024,529 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,024,529 | 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 Art Works | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Type | 501(c)(4) | OrganizationTypeDesc |
| Relationship Description | The trustee for James Lee Sorenson Family Foundation also serves as a Director for Friends of Art Works for Kids | RelationshipDescriptionTxt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting & tax preparation | CategoryTxt |
| Amt | $30,390 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp (8 entries)
| DescDesc | AmtAmt |
|---|---|
| Elevar Equity: Developing essential products and services for disconnected communities in Latin America, Asia and other jurisdictions. | $34,500 |
| Owl Ventures: Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities. | $35,000 |
| Capria: Creation of early-stage impact funds in emerging markets for the purpose of improving lives of low-income individuals. | $87,500 |
| VilCap Investments: Investing in positive social and/or environmental impact companies for purposes such as clean energy, increasing access to education and healthcare, and improving livelihoods of underprivileged populations. | $27,284 |
| SLCO PFS I: Funding for participation in a private enterprise project to lessen the burdens of government related to homelessness, affordable housing, and recitivism. | $9,375 |
| University of Utah - UVF II: Educating students in social impact entrepreneurship and promoting community development in low and moderate-income households. | $124,001 |
| M-PREP Inc (aka Eneze): Promoting and improving education in African countries | $100,000 |
| Recyclops: Programming to facilitate and assist consumers with recycling to reduce landfills. | $100,000 |
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 | The foundation paid fees to Sepio Capital for investment advisory services. The fees were determined at arms length and represent fair value for the services rendered. | ExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (32 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| JPMorgan Chase & Co | $127,308 | $127,308 |
| Goldman Sachs Group | $86,300 | $86,300 |
| Waste Management Inc | $103,998 | $103,998 |
| Apple Inc Note | $155,810 | $155,810 |
| Morgan Stanley GLB JUL 2025 | $82,471 | $82,471 |
| Abbvie Inc Note | $82,004 | $82,004 |
| American Express Co Note | $81,775 | $81,775 |
| Amgen Inc Note | $81,493 | $81,493 |
| Anthem Inc Note | $84,963 | $84,963 |
| AT&T Inc Note | $87,944 | $87,944 |
| Bank America Corp Note | $128,466 | $128,466 |
| Bank New York Mellon Corp Note | $124,736 | $124,736 |
| Caterpiller Inc Note | $108,259 | $108,259 |
| CitiGroup Inc Note | $129,856 | $129,856 |
| Compcat Corp NOte | $127,068 | $127,068 |
| CVS Health Corp Note | $86,767 | $86,767 |
| John Deere Cap Corp Note | $122,798 | $122,798 |
| Enbridge Inc Note | $42,665 | $42,665 |
| HSBC Holdings PLC Note | $125,921 | $125,921 |
| Medtronic Inc Note | $49,814 | $49,814 |
| Merck & CO Note | $131,299 | $131,299 |
| Microsoft Corp Note | $167,878 | $167,878 |
| Nextera Energy Cap Holdings Inc Bond | $82,229 | $82,229 |
| Novartis Capital Corp Note | $126,564 | $126,564 |
| PNC Finanical Svcs Group Note | $85,485 | $85,485 |
| Schlumberger Invt SA Note | $79,594 | $79,594 |
| Shell International Fin BV Note | $130,221 | $130,221 |
| Statoil ASA Note | $124,531 | $124,531 |
| Toronto Dominion Bank Note | $116,261 | $116,261 |
| United Health Group Note | $123,359 | $123,359 |
| Verizon Communications Inc Note | $101,299 | $101,299 |
| Westpac Banking Note | $126,516 | $126,516 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Publicly traded stocks (see stmt) | StockNm |
| EOY Book Value | $37,058,342 | EOYBookValueAmt |
| EOYFMV | $37,058,342 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $3,227,096 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $3,227,096 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $1,644,458 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $1,644,458 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (13 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| SLP IV Technology Fund | FMV | $616,440 | $616,440 |
| CSP III Distressed Opp Fund | FMV | $166,048 | $166,048 |
| Czech II Senior Loan Trust | FMV | $23,020 | $23,020 |
| Blackstone Strategic Partners LP | FMV | $160,024 | $160,024 |
| Sorenson Capital III LP | AT COST | $422,158 | $557,539 |
| Catchafire Inc | AT COST | $125,195 | $125,195 |
| LS Real Estate Recovery IV Trust | FMV | $86,182 | $86,182 |
| Czech III Senior Loan Trust | FMV | $574,168 | $547,168 |
| Turner-Agassi Educational Facilities | FMV | $180,483 | $180,483 |
| Unitus Capital | AT COST | $250,000 | $250,000 |
| Sepio NPL Fund | AT COST | $143,806 | $215,959 |
| Advanced Trade Growth Fund | AT COST | $1,500,000 | $1,500,000 |
| Bushido Capital Fund | AT COST | $1,000,000 | $1,068,199 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal | CategoryTxt |
| Legal Fees | $2,752 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $2,752 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| Bank charges | $96 |
| Postage | $11 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Income from passthroughs | Desc |
| Revenue And Expenses Per Books | $207,577 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $348,948 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Investment advisory fees | $208,358 | $208,358 | $0 | $0 |
| IT Consulting | $1,000 | $0 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Federal taxes | $60,232 | |
| Foreign taxes | $5,488 | $22,662 |
Comments