BEVERLEY TAYLOR SORENSON FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- BEVERLEY TAYLOR SORENSON FOUNDATION (EIN 46-3784084)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-14
- IRS object ID
- 201923189349103702
- Schema version
- 2018v3.1
- 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
- Schedule B
- Accounting Fees Schedule
- Contractor Compensation Expln
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-14T14:40:07-08:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | 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 | 2019-11-14 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-03-31 21:24:44Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $24,291,407 | 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 | $2,013,368 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $709,681 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $636,978 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,821,416 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $12,840,773 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,749,241 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Net Invst Incm | -$3,754 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $4,544,465 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,382,465 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $11,690 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $107,571 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $107,571 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $29,928 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,429 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $1,493 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $150,682 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $109,000 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,214,812 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,214,812 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,365,494 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $109,000 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,214,812 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,178,971 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,273,465 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $3,613 | CashBOYAmt |
| Cash EOY | $5,611 | CashEOYAmt |
| Cash EOYFMV | $5,611 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $995,847 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,792,195 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,792,195 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $100,720 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,392,262 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,392,262 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $20,459,350 | CorporateStockBOYAmt |
| Corporate Stock EOY | $16,793,233 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $16,793,233 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,372,869 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $838,874 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $838,874 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $2,018,558 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,466,856 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,469,232 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $24,950,957 | TotalAssetsBOYAmt |
| Total Assets EOY | $24,289,031 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $24,291,407 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $24,950,957 | RetainedEarningBOYAmt |
| Retained Earning EOY | $24,289,031 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $24,950,957 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $24,289,031 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $24,950,957 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $24,289,031 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $24,950,957 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,178,971 | ExcessRevenueOverExpensesAmt |
| Subtotal | $28,129,928 | SubtotalAmt |
| Other Decreases | $3,840,897 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $24,289,031 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| Publicly traded securities | P | $11,849,512 | $10,141,532 | $1,707,980 | $1,707,980 | ||
| LP interest | P | $550,875 | $500,000 | $50,875 | $50,875 | 2015-03-01 | 2018-01-22 |
| LP interest | P | $440,386 | $450,000 | -$9,614 | -$9,614 | 2015-03-01 | 2018-01-29 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,749,241 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $687,600 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $23,542,607 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.02921 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $40,000 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $21,066,971 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.00190 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $838,550 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $22,773,326 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.03682 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $557,257 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,932,399 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.28838 | DistributionYr4Rt |
| Total Distribution | 0.356304 | TotalDistributionRt |
| Average Distribution | 0.089076 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $25,327,134 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $2,256,040 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $22,735 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $2,278,775 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,214,812 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $45,469 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $45,469 | SubtotalAmt |
| Tax Based On Investment Income | $45,469 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $28,651 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $20,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $48,651 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $6 | EsPenaltyAmt |
| Overpayment | $3,176 | OverpaymentAmt |
| Applied To ES Tax | $3,176 | 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 |
| Form990 T Filed | false | Form990TFiledInd |
| 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 |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | 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 | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
| 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 | ||||||
| 299 S Main Street Suite 2200 | Salt Lake City | UT | 84111 | Director | 1.00 | $0 |
| Joan Fenton | ||||||
| 299 S Main Street Suite 2200 | Salt Lake City | UT | 84111 | Director | 1.00 | $0 |
| Joseph Sorenson | ||||||
| 299 S Main Street Suite 2200 | Salt Lake City | UT | 84111 | 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 | $107,401 | CompensationAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $23,238,775 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,267,079 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,206,972 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $25,712,826 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $25,712,826 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $385,692 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $25,327,134 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,266,357 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,266,357 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $45,469 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $45,469 | TotalTaxAmt |
| Distributable Before Adj | $1,220,888 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,220,888 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,220,888 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,214,812 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,214,812 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $1,214,812 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,220,888 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,156,430 | UndistributedIncomePYAmt |
| Qualifying Distributions | $1,214,812 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,156,430 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $58,382 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $1,162,506 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 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 | Opportunity Zone awards | $300,000 |
| Brigham Young University | |||||||
| 1450 N University Ave | Provo | UT | 84604 | None | PC | School of Music concert series | $7,312 |
| Governor's Mansion Foundation | |||||||
| 603 E South Temple | Salt Lake City | UT | 84102 | None | PC | Art series | $15,000 |
| Hale Center Theater | |||||||
| 3333 S Decker Lake Dr | Salt Lake City | UT | 84119 | None | PC | Access to arts education | $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 |
| Utah Food Bank | |||||||
| 3150 S 900 W | Salt Lake City | UT | 84119 | None | PC | Mobile school pantry | $25,000 |
| The Leonardo | |||||||
| 209 East 500 South | Salt Lake City | UT | 84111 | None | PC | General support | $25,000 |
| Intermountain Healthcare Foundation | |||||||
| 1034 N 500 W | Provo | UT | 84604 | None | PC | Hospital construction | $300,000 |
| Great Salt Lake Council | |||||||
| 525 Foothill Drive | Salt Lake City | UT | 84113 | None | PC | Construction of shooting complex | $300,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,214,812 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $709,681 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,821,416 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Passthru investments | Desc |
| Exclusion | 14 | ExclusionCd |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $2,531,097 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,531,097 | 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 | Beverley Taylor Sorenson Foundation shares common directors with Friends of Art Works for Kids. | RelationshipDescriptionTxt |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | Beverley Sorenson Revocable Trust | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | $2,013,368 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting | CategoryTxt |
| Amt | $11,690 | 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 (23 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Comcast Corp GLB Jul 2019 | $46,813 | $46,813 |
| Morgan Stanley GLB May 2019 | $46,121 | $46,121 |
| AT&T Note Nov 2025 | $24,814 | $24,814 |
| Abbvie Inc Note April 2021 | $24,489 | $24,489 |
| American Express Note Feb 2020 | $44,841 | $44,841 |
| Apple Inc Note Dec 2022 | $44,904 | $44,904 |
| Bank America Note April 2024 | $45,699 | $45,699 |
| Boston PPTYS LTD Note Nov 2023 | $10,122 | $10,122 |
| CVS Health Corp Note Jan 2025 | $25,024 | $25,024 |
| Citigroup Inc Note | $27,882 | $27,882 |
| Deere John Cap Corp Note Mar 2023 | $44,400 | $44,400 |
| General Mills Inc Note Sep 2023 | $25,044 | $25,044 |
| Goldman Sachs Note Apr 2021 | $29,216 | $29,216 |
| Home Depot Note Jun 2025 | $44,872 | $44,872 |
| JP Morgan Chase Note Oct 2026 | $41,891 | $41,891 |
| Sanofi Note Mar 2021 | $30,989 | $30,989 |
| Schlumberger SA Note Dec 2023 | $40,312 | $40,312 |
| Statoil Note Jan 2023 | $39,311 | $39,311 |
| Toronto-Dominion Bank Note Dec 2020 | $44,609 | $44,609 |
| Total Capital SA Note June 2020 | $45,963 | $45,963 |
| UnitedHealth Group Note Dec 2021 | $40,021 | $40,021 |
| Verizon Inc Note Sep 2023 | $26,988 | $26,988 |
| Westpac BKG Corp Note Nov 2020 | $44,549 | $44,549 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Corporate Stocks (see stmt) | StockNm |
| EOY Book Value | $16,793,233 | EOYBookValueAmt |
| EOYFMV | $16,793,233 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $872,313 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $872,313 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $519,949 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $519,949 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ML Private Equity Investments | FMV | $708,177 | $708,177 |
| Private Equity Investment | AT COST | $408,679 | $500,719 |
| Private Equity Investment | FMV | $750,000 | $750,000 |
| Private Equity Investment | FMV | $600,000 | $510,336 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| Insurance | $1,477 |
| Office expenes | $16 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Management Fees | CategoryTxt |
| Amt | $107,571 | Amt |
| Net Investment Income | $107,571 | 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 | $28,499 | |
| Foreign taxes | $1,429 | $1,429 |
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