SORENSON IMPACT FOUNDATION: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- SORENSON IMPACT FOUNDATION (EIN 45-3203840)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-15
- IRS object ID
- 201643209349103874
- Schema version
- 2015v2.0
- 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
- Schedule B
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-11-15T14:44:25-08:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 453203840 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sorenson Impact Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SORE | BusinessNameControlTxt |
| Phone | 8014901000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street | AddressLine1Txt |
| City | Salt Lake City | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84111 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Paul Ludlow | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Signature | 2016-11-15 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $131,466,770 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $5,118 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $4,626 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $4,626 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,779,576 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,805,458 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,469,062 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $15,618,127 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,474,819 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $126,728 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$263,416 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $4,385,110 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,021,487 | TotalNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $44,985 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $44,985 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $45,868 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $378,219 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $312,619 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $65,600 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $66,471 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $17,186 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $17,981 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $17,981 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $9,507 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $563,031 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $329,805 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $128,566 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,007,138 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,007,138 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,570,169 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $329,805 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,135,704 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,814,941 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,691,682 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,995,920 | CashBOYAmt |
| Cash EOY | $627,591 | CashEOYAmt |
| Cash EOYFMV | $627,591 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $8,120,742 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $9,680,723 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $9,680,723 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $1,311,670 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,030,386 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,030,386 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $47,200,651 | CorporateStockBOYAmt |
| Corporate Stock EOY | $53,229,502 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $53,229,502 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $6,232,999 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $6,048,168 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $6,048,168 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $66,126,507 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $56,835,517 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $56,835,517 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $2,082,439 | OtherAssetsBOYAmt |
| Other Assets EOY | $4,014,883 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $4,014,883 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $133,070,928 | TotalAssetsBOYAmt |
| Total Assets EOY | $131,466,770 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $131,466,770 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $10,515 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $4,870 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $10,515 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,870 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $133,060,413 | RetainedEarningBOYAmt |
| Retained Earning EOY | $131,461,900 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $133,060,413 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $131,461,900 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $133,070,928 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $131,466,770 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $133,060,413 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,814,941 | ExcessRevenueOverExpensesAmt |
| Subtotal | $135,875,354 | SubtotalAmt |
| Other Decreases | $4,413,454 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $131,461,900 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| Publicly traded securities | P | 2014-01-01 | 2015-12-31 | $15,530,092 | $13,053,545 | $2,476,547 | $2,476,547 |
| Escrow loss | P | 2012-03-30 | 2015-01-02 | $88,035 | $89,763 | -$1,728 | -$1,728 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,474,819 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $73,834 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $73,834 | SubtotalAmt |
| Tax Based On Investment Income | $73,834 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $126,994 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $126,994 | TotalPaymentsAndCreditsAmt |
| Overpayment | $53,160 | OverpaymentAmt |
| Applied To ES Tax | $53,160 | 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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | 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 | sorensonimpactfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Paul Ludlow | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8014901013 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street Suite 2200 | AddressLine1Txt |
| City | Salt Lake City | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84111 | 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 | false | 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 | 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 |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
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 | 10.00 | $0 |
| Krista Sorenson | ||||||
| 299 S Main Street Suite 2200 | Salt Lake Cit | UT | 84111 | Director | 5.00 | $0 |
| Luke Sorenson | ||||||
| 3400 N Ashton Boulevard | Lehi | UT | 84043 | 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 (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Merrill Lynch | |||||
| 101 California Street Suite 2100 | San Francisco | CA | 94111 | Investment advice | $312,619 |
| University of Utah | |||||
| 540 Arapeen Drive Suite 250 | Salt Lake City | UT | 84108 | Consulting | $65,600 |
| Sorenson Associates The Pointe LLC | |||||
| 299 S Main Street Suite 2200 | Salt Lake City | UT | 84111 | Accounting & Tax | $45,300 |
| Ray Quinney & Nebeker | |||||
| 36 S State Street Suite 1400 | Salt Lake City | UT | 84111 | Legal | $43,005 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Copia Global: Providing access to life necessities and job opportunities in Africa | Description1Txt |
| Expenses1 | $343,419 | Expenses1Amt |
| Description2 | The Leonardo: Funding for programs to create public awareness and education of historical, scientific, and cultural treasures. | Description2Txt |
| Expenses2 | $250,000 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $1,401,090 | AllOtherProgramRltdInvstTotAmt |
| Total | $1,994,509 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $68,174,953 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $7,289,376 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $27,417,997 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $102,882,326 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $102,882,326 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,543,235 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $101,339,091 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,066,955 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,066,955 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $73,834 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $73,834 | TotalTaxAmt |
| Distributable Before Adj | $4,993,121 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $28,543 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $5,021,664 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $5,021,664 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,135,704 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $1,994,509 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,130,213 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $3,130,213 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,021,664 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $1,380,963 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr3 | $581,967 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $1,962,930 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,130,213 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $3,130,213 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $1,891,451 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $1,891,451 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $71,479 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $71,479 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $71,479 | ExcessFromYear3Amt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Sorenson Impact Foundation | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street Suite 2200 | AddressLine1Txt |
| City | Salt Lake City | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 8014901003 | RecipientPhoneNum |
| Recipient Email Address | info@sorensonimpactfoundation.org | RecipientEmailAddressTxt |
| Form And Info And Materials | Applicants may obtain a grant application by contacting the foundation at the above address. Information required by the foundation for consideration of a grant includes a description of the applicant's organization and mission, a specific request for funds, background information on directors and key personel and other information as outlined on the application. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | Quarterly; January 31, April 30, July 31, October 31 | SubmissionDeadlinesTxt |
| Restrictions On Awards | Awards will only be made for permitted charitable purposes consistent with the purpose and mission of the foundation. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Brigham Young University | ||||||
| 3328 TMCB | Provo | UT | 84602 | PC | Scholarship | $11,888 |
| Junior Achievement | ||||||
| 515 East 100 South Suite 200 | Salt Lake City | UT | 84102 | PC | JA program school sponsorship | $12,500 |
| Salt Lake County | ||||||
| 2001 South State Street Suite S480 | Salt Lake City | UT | 84190 | GOV | Herriman recreation center | $31,250 |
| University of Utah | ||||||
| 201 Presidents Circle | Salt Lake City | UT | 84112 | PC | Global Impact Center; Arts & Education Complext | $534,000 |
| Utah Chamber Artists | ||||||
| 11640 S Littler Road | Sandy | UT | 84092 | PC | Musical composition & performance | $100,000 |
| Utah Food Bank | ||||||
| 3150 South 900 West | Salt Lake City | UT | 84191 | PC | Emergency food assistance | $25,000 |
| American Indian Services | ||||||
| 1902 N Canyon Rd Suite 100 | Provo | UT | 84604 | PC | Scholarships | $100,000 |
| Community Health Connect | ||||||
| 591 S State Street | Provo | UT | 84606 | PC | Volunteer provider network | $10,000 |
| Choice Humanitarian | ||||||
| 7879 S 1530 W Suite 200 | Salt Lake City | UT | 84088 | PC | Nepal earthquake relief | $100,000 |
| Family Support Center | ||||||
| 1760 W 4805 S | Taylorsville | UT | 84129 | PC | Family crisis services | $12,500 |
| Church State Nonprofit Inc | ||||||
| 370 South 300 Est | Salt Lake City | UT | 84111 | PC | Entrepreneur education series | $25,000 |
| Tides Foundation | ||||||
| 302A West 12th Street 309 | New York | NY | 10014 | PC | School uniforms | $10,000 |
| Habitat for Humanity | ||||||
| 1276 South 500 West | Salt Lake City | UT | 84101 | PC | Affordable housing | $10,000 |
| Massachusetts Institute of Technolo | ||||||
| 77 Massachusetts Ave Bldg N51-315 | Cambridge | MA | 02139 | PC | D-Lab Scale-ups Fellows | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,007,138 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,626 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,779,576 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,469,062 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 Investment income | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $126,728 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,379,992 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,379,992 | 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 | false | RelationshipsNonchrtblEOInd |
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 Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sorenson Molecular Genealogy Fdtn | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street Suite 2200 | AddressLine1Txt |
| City | Salt Lake City | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $5,118 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting & Tax | CategoryTxt |
| Amt | $45,868 | 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 (14 entries)
| DescDesc | AmtAmt |
|---|---|
| Quidnet Energy: Addressing environmental issues with traditional energy generation methods and providing solutions to electricity grid limitations. | $125,000 |
| Rimidi Diabetes: Improving health outcomes of at-risk populations which are overrepresented in chronic diseases, including diabetes. | $250,000 |
| Unitus Seed Fund: Provide opportunities for economic self-reliance, education, and procurement of basic necessities to underprivileged individuals. | $100,000 |
| Elevar Equity: Developing essential products and services for disconnected communities in Latin America and Asia | $45,000 |
| 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 underprivileged populations. | $24,087 |
| Owl Ventures: Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities. | $136,895 |
| Visage Holdings: Fostering economic development and job growth in India through loans to underserved populations. | $189,584 |
| Graduation Alliance: Increasing high school graduation rates, expanding job opportunities and bettering lifetime earnings potential for at-risk poplulations. | $250,000 |
| Copia Global: Providing access to life necessities and job opportunities in Africa | $190,000 |
| Elevar Equity: Developing essential products and services for disconnected communities in Latin America and Asia | $21,500 |
| 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 underprivileged populations. | $1,779 |
| 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 underprivileged populations. | $22,245 |
| Owl Ventures: Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities. | $30,000 |
| Owl Ventures: Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities. | $15,000 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (17 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Boeing CO GLB Mar 2019 | $569,793 | $569,793 |
| Comcast Corp Jan 2017 | $541,291 | $541,291 |
| DirectTV Holdings Apr 2024 | $415,286 | $415,286 |
| General Electric May 2018 | $274,994 | $274,994 |
| Goldman Sachs Group Jan 2018 | $551,960 | $551,960 |
| Marathon Oil Corp Feb 2019 | $284,131 | $284,131 |
| Metlife Inc Ser A Aug 2018 | $575,947 | $575,947 |
| Newell Rubbermaid Aug 2020 | $522,288 | $522,288 |
| Newmont Mining Corp Oct 2019 | $210,597 | $210,597 |
| Northrop Grumman Corp Mar 2016 | $258,713 | $258,713 |
| Textron Inc Mar 2021 | $407,363 | $407,363 |
| Walgreen Co Jan 2019 | $63,386 | $63,386 |
| Waste Management Mar 2019 | ||
| Williams Companies Jan 2023 | $212,346 | $212,346 |
| AT&T Inc May 2018 | $272,969 | $272,969 |
| HCP Inc GLB Mar 2024 | $503,690 | $503,690 |
| Republic Services GLB May 2023 | $383,414 | $383,414 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Publicly traded securities (see stmt) | StockNm |
| EOY Book Value | $53,229,502 | EOYBookValueAmt |
| EOYFMV | $53,229,502 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| State Local Sec Book Vl EOY | $1,030,386 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $1,030,386 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (15 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ML Winton Futures Access | FMV | $669,412 | $669,412 |
| Ascend Access LTD | FMV | $1,005,495 | $1,005,495 |
| Brevan Howard Mulit-Strategy | FMV | $1,106,909 | $1,106,909 |
| Carlson Double Black Diamond | FMV | $1,526,945 | $1,526,945 |
| ESG Cross Border Equity | FMV | ||
| OZOFII Access LTD | FMV | $1,926,860 | $1,926,860 |
| Sirios Access LTD | FMV | $316,545 | $316,545 |
| Blackstone Strategic Partners | FMV | $248,024 | $248,024 |
| CSP III Distressted Opportunities | FMV | $285,149 | $285,149 |
| Czech II Senior Loan Trust | FMV | $518,177 | $518,177 |
| GSO Mezzanine Finance Fund | FMV | $290,863 | $290,863 |
| SLP IV Technology Fund | FMV | $187,022 | $187,022 |
| Elements Rogers Tr | FMV | ||
| Privately-held securities | FMV | $48,697,842 | $48,697,842 |
| LS Real Estate Recoverty IV Trust | FMV | $56,274 | $56,274 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal | CategoryTxt |
| Legal Fees | $44,985 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $44,985 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Accrued interest - PRI loans | $29,169 | $73,383 | $73,383 |
| Program related investments | $1,963,507 | $3,929,473 | $3,929,473 |
| State tax refund | $12,027 | $12,027 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| Bank charges | $424 |
| Insurance | $2,868 |
| Licenses & Fees | $50 |
| Postage | $174 |
| Security | $5,306 |
| Storage | $671 |
| Telephone | $14 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 Investment income | Desc |
| Revenue And Expenses Per Books | $126,728 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | -$263,416 | 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 management | $312,619 | $312,619 | $0 | $0 |
| Program-related investment services | $65,600 | $0 | $0 | $65,600 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Federal Excise Tax | $65,000 | |
| Foreign Taxes | $1,471 | $17,186 |