2016-08-25T18:18:01-05:00 2015-12-31 460952065 SHAW & CO PC 1564 SOUTH 500 WEST SUITE 201 BOUNTIFUL UT 840107400 990 2015-01-01 870199245 UTAH FOUNDATION UTAH 8013551400 PO BOX 387 SALT LAKE CITY UT 841100387 STEPHEN J HERSHEY KROES PRESIDENT 8013551400 2016-08-12 true JUSTIN R SHAW CPA CFE CGMA P00081558 8012943155 2016-08-25 2015 2016-12-15 16:53:06Z X STEPHEN J HERSHEY KROES 10 W BROADWAY SUITE 307 SALT LAKE CITY UT 84101 581270 false X HTTP://WWW.UTAHFOUNDATION.ORG/ X 1945 UT TO PROMOTE A THRIVING ECONOMY, A WELL-PREPARED WORK FORCE, AND A HIGH QUALITY OF LIFE FOR UTAHNS BY PERFORMING THOROUGH, WELL-SUPPORTED RESEARCH THAT HELPS POLICY MAKERS, BUSINESS AND COMMUNITY LEADERS, AND CITIZENS BETTER UNDERSTAND COMPLEX ISSUES AND PROVIDING PRACTICAL, WELL-REASONED RECOMMENDATIONS FOR POLICY CHANGE. 63 63 12 1 0 471405 464837 129390 116295 157 138 0 600952 581270 0 0 344220 573582 0 62429 108672 136974 452892 710556 148060 -129286 297796 170143 15545 17178 282251 152965 X TO PROMOTE A THRIVING ECONOMY, A WELL-PREPARED WORK FORCE, AND A HIGH QUALITY OF LIFE FOR UTAHNS BY PERFORMING THOROUGH, WELL-SUPPORTED RESEARCH THAT HELPS POLICY MAKERS, BUSINESS AND COMMUNITY LEADERS, AND CITIZENS BETTER UNDERSTAND COMPLEX ISSUES AND PROVIDING PRACTICAL, WELL-REASONED RECOMMENDATIONS FOR POLICY CHANGE. false false 571870 116295 SEE SCHEDULE O RESEARCH: WITH AN EXPANDED STAFF, WE PUBLISHED 14 REPORTS COVERING A RANGE OF CRUCIAL ISSUES, INCLUDING TAXES, TRANSPORTATION, EDUCATION, UTAH'S MILLENIALS, BROADBAND INFRASTRUCTURE, SENIOR SERVICES, QUALITY OF LIFE, VOTING, AND THE WORKFORCE. THE MILLENNIALS AND BOOMERS SERIES BROKE NEW GROUND, WITH OUR EXTENSIVE SURVEY ALLOWING COMPARISONS TO NATIONAL OPINIONS. AMONG THE FINDINGS, UTAH MILLENNIALS ARE MORE CONTENT AT WORK AND MORE LIKELY TO OWN HOMES THAN NATIONAL COUNTERPARTS. THEY DO HAVE A GREATER PREFERENCE FOR BIG CITY LIVING THAN OTHER UTAH GENERATIONS, BUT IT IS MUCH SMALLER THAN THIS MUCH-DISCUSSED PREFERENCE AMONG NATIONAL MILLENNIALS. AND THERE IS SO MUCH MORE IN THOSE REPORTS ASIDE FROM THE GENREATIONS SURVEY, OUR MOST POPULAR REPORTS COVERED UTAH'S TAX BURDEN, LOCAL ROADS, CHALLENGES WITH VOTER TURNOUT, AND UTAH EMPLOYERS' FEEDBACK ON THE QUALITIES OF OUR WORKFORCE. ALL OF THESE PROVIDE ESSENTIAL INSIGHTS THAT CAN BE USED IN MAKING PUBLIC POLICY, ECONOMIC DECISIONS, AND DEVELOPING A BETTER UNDERSTANDING OF OUR COMMUNITIES AND SOCIETY. UTAH FOUNDATION PUBLICATIONS, 2015: JANUARY - EASING THE BURDEN: UTAH TAXES TAKING LOWEST SHARE OF INCOME IN 20 YEARS JANUARY - THE ROADS LESS TRAVELED: SURVEY ANALYSIS AND RESEARCH REGARDING UTAH'S LOCAL ROADS MARCH - UTAH IN THE FAST LANE: AN ANALYSIS OF DRIVING AND TRAFFIC SAFETY MAY - REACHING TOWARD 2050: EDUCATION IN THE MIDST OF POPULATION GROWTH MAY - MILLENIALS AND BOOMERS: HOW UTAH'S GENERATIONS COMPARE TO EACH OTHER AND THE NATION (PART I) JUNE - MILLENIALS AND BOOMERS: FINANCES AND WORKPLACE PREFERENCES (PART II) JUNE - MILLENIALS AND BOOMERS: HOUSING PREFERENCES (PART III) JULY - LESSONS FROM OUR NEIGHBOR: LEARNING FROM COLORADO'S EDUCATIONAL SUCCESS JULY - MILLENIALS AND BOOMERS: POLITICS AND SOCIETY (PART IV) OCTOBER - 21ST CENTURY INFRASTRUCTURE: HOW BROADBAND INTERNET HAS SHAPED AND IS SHAPING UTAH OCTOBER - TAKING CARE OF OUR SENIORS: AN ASSESSMENT OF UTAH'S AGING SERVICES NOVEMBER - UTAH FOUNDATION QUALITY OF LIFE INDEX: 2015 -- FROM CONCERN ABOUT JOBS TO AN EMBRACE OF NATURAL SURROUNDINGS DECEMBER - VOTING IN UTAH: ANALYZING CURRENT PRACTICES AND FUTURE OPTIONS FOR UTAH VOTERS DECEMBER - IS THIS THE PLACE? A SURVEY OF UTAH EMPLOYERS WE ALSO PUBLISHED 21 BLOG POSTS ON ECONOMIC, EDUCATIONAL, ENVIRONMENTAL, DEMOGRAPHIC, AND SOCIAL TOPICS. WE EVEN JUST ADDED AN AUDIO PODCAST CALLED UTAH THRIVES. TAKE A LOOK AT WWW.UTAHFOUNDATION.ORG/BLOG. WE WILL SOON DISCONTINUE POSTAL MAILINGS, EXCEPT FOR OCCATIONAL POSTCARDS. EVENTS, MEDIA EXPOSURE, AND COMMUNICATIONS: THIS YEAR HAS SEEN A TRULY AMAZING AMOUNT OF MEDIA COVERAGE ON OUR WORK, WITH 201 NEWS ARTICLES CITING OUR RESEARCH. MOST OF THE ARTICLES INCLUDE LINKS TO OUR REPORTS, WHICH IS DRIVING STRONG TRAFFIC TO OUR WEBSITE, WHICH SEES ABOUT 7,000 OF OUR FULL REPORTS DOWNLOADED PER MONTH. THIS IS A RECORD LEVEL OF NEWS ARTICLES FOR US, AND IT QUADRUPLES OUR RATE IN 2014. THIS INCLUDES NINE FRONT-PAGE FEATURES IN THE SALT LAKE TRIBUNE AND DESERET NEWS. THIS KIND OF EXPOSURE IS A DIRECT RESULT OF OUR RECENT EXPANSION AND HIRING AN EXPERIENCED MEDIA PERSONALITY AS OUR COMMUNICATIONS DIRECTOR. IN APRIL, WE CREATED AN INNOVATIVE ACROSS THE SPECTRUM LUNCH FEATURING NEW PERSONALITIES REVIEWING THE LEGISLATIVE SESSION AND PREDICTING POLITICAL EVENTS FOR THE COMING YEAR. IN SEPTEMBER, WE CELEBRATED OUR 70TH ANNIVERSARY WITH STYLE AT A GALA LUNCHEON, WHERE WE GAVE OUR FIRST-EVER INSIGHT AWARD TO DAN AND PAT JONES FOR THEIR LONGTIME DEDICATION TO ENLIGHTENING UTAHNS ON THE ISSUES. 571870 true true false false false false false false false false true false false false false false true false false false false false false false false false false false false true false false false false false true false false false false false false false false false false false true 2 0 12 true false false false false false false false false false false X 63 63 false false false false false false false true true false false true true false false false false true false false UT X X STEPHEN J HERSHEY KROES 8013551400 150 S STATE ST SUITE 444 SALT LAKE CITY UT 841111748 NEIL ABERCROMBIE TRUSTEE 1.00 X 0 0 0 LYNN AMES TRUSTEE 1.00 X 0 0 0 NATHAN ANDERSON TRUSTEE 1.00 X 0 0 0 SCOTT BARLOW TRUSTEE 1.00 X 0 0 0 ZACHARY BARRUS TRUSTEE 1.00 X 0 0 0 MARTIN BATES TRUSTEE 1.00 X 0 0 0 LANE BEATTIE TRUSTEE 1.00 X 0 0 0 COLLEEN LARKIN BELL TRUSTEE 1.00 X 0 0 0 DAVID BIRD TRUSTEE 1.00 X 0 0 0 DOUG BOUDREAUX TRUSTEE 1.00 X 0 0 0 CRAIG BROUSSARD TRUSTEE 1.00 X 0 0 0 MARK BUCHI TRUSTEE 1.00 X 0 0 0 JONATHAN CAMPBELL TRUSTEE 1.00 X 0 0 0 GARY CARLSON TRUSTEE 1.00 X 0 0 0 CARLTON CHRISTENSEN TRUSTEE 1.00 X 0 0 0 TOM CHRISTOPULOS TRUSTEE 1.00 X 0 0 0 BILL CRIM TRUSTEE 1.00 X 0 0 0 JAMIE DAVIDSON TRUSTEE 1.00 X 0 0 0 DAN ELDREDGE TRUSTEE 1.00 X 0 0 0 LARRY ELLERTSON TRUSTEE 1.00 X 0 0 0 FRED ESPLIN TRUSTEE 1.00 X 0 0 0 AARON EVANS TRUSTEE 1.00 X 0 0 0 BRYSON GARBETT CHAIR 1.00 X 0 0 0 ANDREW GRUBER TRUSTEE 1.00 X 0 0 0 ANDREW HAALAND TRUSTEE 1.00 X 0 0 0 NEIL HAFER TRUSTEE 1.00 X 0 0 0 GREG HARDY TRUSTEE 1.00 X 0 0 0 KURT HAWES TRUSTEE 1.00 X 0 0 0 ELIZABETH HITCH TRUSTEE 1.00 X 0 0 0 BRENT JENSEN VICE CHAIR 1.00 X 0 0 0 JONATHAN JOHNSON TRUSTEE 1.00 X 0 0 0 BYRON JORGENSON TRUSTEE 1.00 X 0 0 0 DENEISE LACY TRUSTEE 1.00 X 0 0 0 EDWARD LAMB TRUSTEE 1.00 X 0 0 0 CHARLIE LANSCHE TRUSTEE 1.00 X 0 0 0 DENNIS LLOYD TRUSTEE 1.00 X 0 0 0 FRANK LOJKO TRUSTEE 1.00 X 0 0 0 DEAN LUIKART TRUSTEE 1.00 X 0 0 0 LINDA MAKIN TRUSTEE 1.00 X 0 0 0 PETER MANN TRUSTEE 1.00 X 0 0 0 DOUG MATSUMORI TRUSTEE 1.00 X 0 0 0 CELESTE MCDONALD TRUSTEE 1.00 X 0 0 0 STEVEN MCDOUGAL TRUSTEE 1.00 X 0 0 0 FORREST MCNABB TRUSTEE 1.00 X 0 0 0 DARIN MELLOTT TRUSTEE 1.00 X 0 0 0 BRAD MORTENSEN TRUSTEE 1.00 X 0 0 0 ANGIE OSGUTHORPE TRUSTEE 1.00 X 0 0 0 SCOTT PARSON TRUSTEE 1.00 X 0 0 0 GREGORY POULSEN TRUSTEE 1.00 X 0 0 0 WAYNE PYLE TRUSTEE 1.00 X 0 0 0 ROLAND RADACK TRUSTEE 1.00 X 0 0 0 RONA RAHLF TRUSTEE 1.00 X 0 0 0 JEFFREY SERMON TRUSTEE 1.00 X 0 0 0 MELISSA SHANJENGANGE TRUSTEE 1.00 X 0 0 0 TIM SHEEHAN TRUSTEE 1.00 X 0 0 0 MATT SIBUL TRUSTEE 1.00 X 0 0 0 HARRIS SIMMONS TRUSTEE 1.00 X 0 0 0 DAVID SMITH TRUSTEE 1.00 X 0 0 0 DAVID SMITH TRUSTEE 1.00 X 0 0 0 MARK WALKER TRUSTEE 1.00 X 0 0 0 MIKE WASHBURN TRUSTEE 1.00 X 0 0 0 LAVARR WEBB TRUSTEE 1.00 X 0 0 0 CHAD WESTOVER TRUSTEE 1.00 X 0 0 0 STEPHEN J HERSHEY KROES PRESIDENT 40.00 X 147861 0 36823 147861 36823 1 false true false 464837 464837 CONSULTING INCOME 60900 60900 PROGRAM EVENTS 55395 55395 116295 138 138 581270 116295 138 147861 73931 36965 36965 292383 273949 11066 7368 102199 80758 11150 10291 31139 24606 3397 3136 5400 5400 45773 45773 15569 12300 1713 1556 26048 20578 2865 2605 12646 11255 1391 2221 1755 244 222 PROGRAM EVENT EXPENSES 24710 24710 MISCELLANEOUS 3808 1624 1978 206 LIBRARY 799 631 88 80 710556 571870 76257 62429 350 262755 133152 8500 26950 22150 821 53618 49951 5888 3667 1853 1853 297796 170143 15545 17178 15545 17178 X 278751 144465 3500 8500 282251 152965 297796 170143 -129286 X false true X true false X 256345 284739 184700 471405 464837 1662026 41237 127260 119008 129390 116295 533190 297582 411999 303708 600795 581132 2195216 139700 169250 142200 270500 224500 946150 89775 77333 90752 38461 296321 139700 259025 219533 361252 262961 1242471 952745 409 199 105 157 138 1008 409 199 105 157 138 1008 297991 412198 303813 600952 581270 2196224 0.43380 0.41430 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53618 49951 3667 3667 629270 48000 48000 581270 581270 758556 48000 48000 710556 710556 X X X X false false false false false false false false false STEPHEN J HERSHEY KROES PRESIDENT 143361 4500 36823 184684 LOVE COMMUNICATIONS BOARD MEMBER 16546 CONSULTING false FORM 990 - ORGANIZATION'S MISSION TO PROMOTE A THRIVING ECONOMY, A WELL-PREPARED WORK FORCE, AND A HIGH QUALITY OF LIFE FOR UTAHNS BY PERFORMING THOROUGH, WELL-SUPPORTED RESEARCH THAT HELPS POLICY MAKERS, BUSINESS AND COMMUNITY LEADERS, AND CITIZENS BETTER UNDERSTAND COMPLEX ISSUES AND PROVIDING PRACTICAL, WELL-REASONED RECOMMENDATIONS FOR POLICY CHANGE. FORM 990, PAGE 1, PART I, LINE 6 INTERN FORM 990, PAGE 2, PART III, LINE 4A RESEARCH: WITH AN EXPANDED STAFF, WE PUBLISHED 14 REPORTS COVERING A RANGE OF CRUCIAL ISSUES, INCLUDING TAXES, TRANSPORTATION, EDUCATION, UTAH'S MILLENIALS, BROADBAND INFRASTRUCTURE, SENIOR SERVICES, QUALITY OF LIFE, VOTING, AND THE WORKFORCE. THE MILLENNIALS AND BOOMERS SERIES BROKE NEW GROUND, WITH OUR EXTENSIVE SURVEY ALLOWING COMPARISONS TO NATIONAL OPINIONS. AMONG THE FINDINGS, UTAH MILLENNIALS ARE MORE CONTENT AT WORK AND MORE LIKELY TO OWN HOMES THAN NATIONAL COUNTERPARTS. THEY DO HAVE A GREATER PREFERENCE FOR BIG CITY LIVING THAN OTHER UTAH GENERATIONS, BUT IT IS MUCH SMALLER THAN THIS MUCH-DISCUSSED PREFERENCE AMONG NATIONAL MILLENNIALS. AND THERE IS SO MUCH MORE IN THOSE REPORTS ASIDE FROM THE GENREATIONS SURVEY, OUR MOST POPULAR REPORTS COVERED UTAH'S TAX BURDEN, LOCAL ROADS, CHALLENGES WITH VOTER TURNOUT, AND UTAH EMPLOYERS' FEEDBACK ON THE QUALITIES OF OUR WORKFORCE. ALL OF THESE PROVIDE ESSENTIAL INSIGHTS THAT CAN BE USED IN MAKING PUBLIC POLICY, ECONOMIC DECISIONS, AND DEVELOPING A BETTER UNDERSTANDING OF OUR COMMUNITIES AND SOCIETY. UTAH FOUNDATION PUBLICATIONS, 2015: JANUARY - EASING THE BURDEN: UTAH TAXES TAKING LOWEST SHARE OF INCOME IN 20 YEARS JANUARY - THE ROADS LESS TRAVELED: SURVEY ANALYSIS AND RESEARCH REGARDING UTAH'S LOCAL ROADS MARCH - UTAH IN THE FAST LANE: AN ANALYSIS OF DRIVING AND TRAFFIC SAFETY MAY - REACHING TOWARD 2050: EDUCATION IN THE MIDST OF POPULATION GROWTH MAY - MILLENIALS AND BOOMERS: HOW UTAH'S GENERATIONS COMPARE TO EACH OTHER AND THE NATION (PART I) JUNE - MILLENIALS AND BOOMERS: FINANCES AND WORKPLACE PREFERENCES (PART II) JUNE - MILLENIALS AND BOOMERS: HOUSING PREFERENCES (PART III) JULY - LESSONS FROM OUR NEIGHBOR: LEARNING FROM COLORADO'S EDUCATIONAL SUCCESS JULY - MILLENIALS AND BOOMERS: POLITICS AND SOCIETY (PART IV) OCTOBER - 21ST CENTURY INFRASTRUCTURE: HOW BROADBAND INTERNET HAS SHAPED AND IS SHAPING UTAH OCTOBER - TAKING CARE OF OUR SENIORS: AN ASSESSMENT OF UTAH'S AGING SERVICES NOVEMBER - UTAH FOUNDATION QUALITY OF LIFE INDEX: 2015 -- FROM CONCERN ABOUT JOBS TO AN EMBRACE OF NATURAL SURROUNDINGS DECEMBER - VOTING IN UTAH: ANALYZING CURRENT PRACTICES AND FUTURE OPTIONS FOR UTAH VOTERS DECEMBER - IS THIS THE PLACE? A SURVEY OF UTAH EMPLOYERS WE ALSO PUBLISHED 21 BLOG POSTS ON ECONOMIC, EDUCATIONAL, ENVIRONMENTAL, DEMOGRAPHIC, AND SOCIAL TOPICS. WE EVEN JUST ADDED AN AUDIO PODCAST CALLED UTAH THRIVES. TAKE A LOOK AT WWW.UTAHFOUNDATION.ORG/BLOG. WE WILL SOON DISCONTINUE POSTAL MAILINGS, EXCEPT FOR OCCATIONAL POSTCARDS. EVENTS, MEDIA EXPOSURE, AND COMMUNICATIONS: THIS YEAR HAS SEEN A TRULY AMAZING AMOUNT OF MEDIA COVERAGE ON OUR WORK, WITH 201 NEWS ARTICLES CITING OUR RESEARCH. MOST OF THE ARTICLES INCLUDE LINKS TO OUR REPORTS, WHICH IS DRIVING STRONG TRAFFIC TO OUR WEBSITE, WHICH SEES ABOUT 7,000 OF OUR FULL REPORTS DOWNLOADED PER MONTH. THIS IS A RECORD LEVEL OF NEWS ARTICLES FOR US, AND IT QUADRUPLES OUR RATE IN 2014. THIS INCLUDES NINE FRONT-PAGE FEATURES IN THE SALT LAKE TRIBUNE AND DESERET NEWS. THIS KIND OF EXPOSURE IS A DIRECT RESULT OF OUR RECENT EXPANSION AND HIRING AN EXPERIENCED MEDIA PERSONALITY AS OUR COMMUNICATIONS DIRECTOR. IN APRIL, WE CREATED AN INNOVATIVE ACROSS THE SPECTRUM LUNCH FEATURING NEW PERSONALITIES REVIEWING THE LEGISLATIVE SESSION AND PREDICTING POLITICAL EVENTS FOR THE COMING YEAR. IN SEPTEMBER, WE CELEBRATED OUR 70TH ANNIVERSARY WITH STYLE AT A GALA LUNCHEON, WHERE WE GAVE OUR FIRST-EVER INSIGHT AWARD TO DAN AND PAT JONES FOR THEIR LONGTIME DEDICATION TO ENLIGHTENING UTAHNS ON THE ISSUES. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, BOARD TREASURER, AND BOARD CHAIRMAN FOR ACCURACY AND PROPER PRESENTATION. THE EXECUTIVE DIRECTOR WILL ADDRESS ANY QUESTIONS AND RELAY ANY SUGGESTIONS FOR CHANGE. FORM 990, PAGE 6, PART VI, LINE 15A EXECUTIVE DIRECTOR COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE (A NINE-MEMBER COMMITTEE OF THE BOARD GIVEN THE TASK OF GOVERNING THE FOUNDATION'S OPERATIONS MORE CLOSELY THAN THE ENTIRE BOARD.) THE EXECUTIVE COMMITTEE IS INDEPENDENT OF THE INDIVIDUALS WHOSE COMPENSATION IS BEING DETERMINED. IN DETERMINING A REASONABLE LEVEL OF COMPENSATION, BOARD MEMBERS CONSIDER SALARIES PAID TO OTHER SIMILAR POSITIONS IN THE REGION. THE DELIBERATION AND DETERMINATION OF THE EXECUTIVE COMMITTEE IS DONE WITHOUT STAFF PRESENT. THEIR FINAL DECISION IS RECORDED IN THE EXECUTIVE COMMITTEE MEETING MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE ORGANIZATION'S OFFICES.