2019-11-15T14:55:17-08:00 2018-12-31 990PF 2018-01-01 453203840 Sorenson Impact Foundation SORE 8014901013 2755 E Cottonwood Pkwy 500 Salt Lake City UT 84121 Paul Ludlow Secretary 2019-11-15 2018 2020-04-17 16:48:07Z X X 139731704 X X 2414153 2107584 10604581 62094092 9433286 191225 574572 13209959 12115442 267687 267687 31622 31622 90125 427606 405033 15000 212640 8099 77966 77966 32882 3000 1140528 413132 395275 640000 640000 1780528 413132 1035275 11429431 11702310 10149 13905 13905 5505914 8386501 8386501 950039 5910215 5910215 73233482 48766783 48766783 5924008 4156520 4156520 59059426 72497780 72497780 12074 144695092 139731704 139731704 3100 29569 3100 29569 X 144691992 139702135 144691992 139702135 144695092 139731704 144691992 11429431 156121423 16419288 139702135 Publicly traded securities P 58369520 48171959 10197561 10197561 LLC member interest P 2012-06-30 2018-01-09 25884 1376282 -1350398 -1350398 UIP Ruma LLC interest P 2012-04-10 2018-06-14 4373 4373 4373 OZFII LTD interest P 2012-05-01 2018-01-22 2195829 1525000 670829 670829 Carlson LTD interest P 2018-05-12 2018-01-29 1498486 1350000 148486 148486 Note receivable P 2015-08-21 2018-02-28 237565 -237565 -237565 9433286 false 5053778 110818199 0.04560 5363861 103697123 0.05173 3130213 101339091 0.03089 3231387 100954740 0.03201 2308372 99995788 0.02309 0.183312 0.036662 111826156 4099771 117023 4216794 3877431 234046 234046 234046 270677 270677 36631 36631 false false false false false false false false true true UT true false false false false true sorensonimpactfoundation.org Jim Sorenson 8014901013 2755 E Cottonwood Pkwy 500 Salt Lake City UT 84121 false false false true true false false false false false false true false false false false false false true false false true false false false false false James Lee Sorenson 2755 E Cottonwood Pkwy 500 Salt Lake City UT 84121 Director 10.00 0 Krista Sorenson 2755 E Cottonwood Pkwy 500 Salt Lake City UT 84121 Director 5.00 0 Luke Sorenson 3400 N Ashton Boulevard Lehi UT 84043 Director 1.00 0 NONE Sorenson Associates The Pointe LLC 2755 E Cottonwood Pkwy 500 Salt Lake City UT 84121 Accounting & tax 89321 Sepio Capital 50 California Street Suite 3525 San Francisco CA 94111 Investment advice 407180 Salt Lake County Pay for Success: Low interest loan to Salt Lake County for projects attempting to resolve homelessness and recitivism. 1206875 earAccess: Providing access to affordable hearing aids in emerging markets 250000 1385281 2842156 79864514 6427703 27236875 113529092 0 113529092 1702936 111826156 5591308 5591308 234046 234046 5357262 269932 5627194 5627194 1035275 2842156 3877431 3877431 5627194 171676 3877431 171676 0 3705755 1921439 X University of Utah 201 Presidents Circle Salt Lake City UT 84112 GOV Impact investing program; funding for communications group 290000 Village Capital 2200 Century Parkway 100 Atlanta GA 30345 PC Roadmap project - impact investing tools 250000 Gallaudet University 800 Florida Avenue Washington DC 20002 PC Entrepreneurship program 100000 640000 14 2414153 18 10604581 Passthrough Investments 14 191225 13209959 13209959 false false false false false false false false false true Friends of Art Works 501(c)(4) Sorenson Impact Foundation shares a common director with Friends of Art Works for Kids Accounting & Tax 90125 0 0 0 Owl Ventures: Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities. 60000 Elevar Equity: Developing essential products and services for disconnected communities in Latin America and Asia. 61500 Kasha: Providing affordable access to hygiene products for women and young girls in Rwanda and other east African countries 50000 ePesos: Accelerating financial inclusion in Latin America through payments technology 125000 Rimidi Diabetes: Improving health outcomes of at-risk populations which are overrepresented in chronic diseases, including diabetes. 13014 VilCap Investments: Investing in companies that enable positive social and/or environmental impact such as: clean energy, increasing access to education and healthcare, and improving livelihoods of underprivilged populations. 79463 Massachusetts Pathways: Increasing access to vocational english classes and skills training to uderprivileged populations 72261 Eleos Social Venture Fund: Improving sanitation, healthcare, education, energy, water and rural livlihoods in east Africa 11250 Capria: Creation of early-stage impact investment funds in emerging markets with the ability to improve the lives of low-income individuals 100000 Unitus Seed Fund: Promoting economic self-reliance, education, and access to life necessities 105000 University Venture Fund II: Promoting community development in low and moderate income neighborhoods as well as positive charitable, educational, scientific, and/or environmental impact 207407 Omnivore Partners: Alleviating poverty, supporting higher wages, and improving livelihoods in developing economies 82081 SocialAlpha Investments: Solving critical social issues for underserved communities and people 250000 Quidnet: Addressing environmental issues with traditional energy generation methods and providing solutions to electricity grid limitations 43305 TEAMFund: Funding for med-tech companies that improve diagnosis and treatment of non-communicable diseases 125000 Sepio Capital Sepio Capital provides investment management services and advice. Compensation is determined at arms length and is reasonable based on fair value of the services received. Sorenson Associates The Pointe LLC Sorenson Associates provides accounting and tax related services for the foundation. Compensation is reasonable based on fair value of the services provided. Goldman Sachs Group Jan 2018 106528 106528 AT&T Inc May 2018 112378 112378 Apple Inc GLB Feb 23 296322 296322 Morgan Stanley Jul 2025 108521 108521 Accrued interest 67728 67728 American Express Mar 2020 183011 183011 Bank America Corp Apr 2024 175970 175970 CVS Health Corp Mar 2025 123753 123753 Citigroup Inc Apr 2022 111708 111708 Comcast Corp Mar 2026 177010 177010 General Mls Inc Dec 2021 114075 114075 Home Depot Apr 2026 179198 179198 International Fin Corp Jan 2021 253327 253327 JP Morgan Chase Apr 2026 176181 176181 Lowes Cos Inc May 2027 159905 159905 Marsh & Mclennan Cos Inc Jan 2022 83312 83312 Medtronic Inc mar 2022 104710 104710 Oracle Corp May 2022 132102 132102 Royal Bank of Canada Oct 2020 177235 177235 Sanofi Note Mar 2021 168752 168752 Shell international Fin BV May 2025 128185 128185 Statoil ASA Jan 2023 136027 136027 Toronto Dominion Bank Dec 2020 183176 183176 Total Capital SA Jun 2020 153080 153080 UnitedHealth Group Mar 2022 133927 133927 Verizon Communications Sep 2023 111758 111758 Wespac Bkg Corp Nov 2020 197449 197449 XCEL Energy May 2020 101192 101192 Publicly traded securities (see stmt) 48766783 48766783 3794466 3794466 2115749 2115749 Program-related investments AT COST 12211145 12211145 Accrued interest - PRI AT COST 284179 284179 Blackstone Strategic Partners FMV 213909 213909 CSP III Distressted Opportunities FMV 187780 187780 Czech II Senior Loan Trust FMV 95870 95870 GSO Mezzanine Finance Fund FMV 252726 252726 SLP IV Technology Fund FMV 643368 643368 Privately-held securities FMV 57909249 57909249 LS Real Estate Recoverty IV Trust FMV 144554 144554 Czech III Senior Loan Trust FMV 347017 347017 Turner-Agassi Educational Facilities FMV 207983 207983 Legal 31622 0 0 31622 Bank charges 294 Dues & subscriptions 3773 3000 Insurance 17119 IT services 5683 Licenses & fees 62 Parking 1874 Postage 187 Storage 636 Supplies 2235 Telephone 1019 Passthrough Investments 191225 HR services 6967 0 0 0 Investment management 405639 405033 0 0 Public relations 15000 0 0 15000 Federal income taxes 187001 Foreign taxes 8099 8099 Payroll taxes 17540