2015-08-28T12:33:21-05:00 2014-12-31 460952065 SHAW & CO PC 1564 SOUTH 500 WEST SUITE 201 BOUNTIFUL UT 840107400 990 2014-01-01 870199245 UTAH FOUNDATION UTAH 8013551400 10 WEST BROADWAY SUITE 307 SALT LAKE CITY UT 841012075 STEPHEN J HERSHEY KROES PRESIDENT 8013551400 2015-08-11 true JUSTIN R SHAW CPA CFE CGMA P00081558 8012943155 2015-08-28 2014 2016-02-25 16:41:14Z STEPHEN J HERSHEY KROES 10 WEST BROADWAY SUITE 307 SALT LAKE CITY UT 841012075 600952 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. 56 56 6 0 264316 471405 119008 129390 105 157 0 383429 600952 0 0 290115 344220 0 46525 73945 108672 364060 452892 19369 148060 140412 297796 6221 15545 134191 282251 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 357846 RESEARCH: IN EIGHT REPORTS, WE ANALYZED SOME OF THE CRUCIAL ISSUES FACING OUR STATE AND REGION. OUR JANUARY REPORT ON AIR QUALITY HELPED TO SET THE AGENDA IN 2014 LEGISLATIVE DISCUSSIONS AND HAS BEEN WIDELY CITED IN NEWS ARTICLES AND AT EVENTS DEALING WITH AIR QUALITY. IN APRIL, WE BEGAN OUR SERIES ON POPULATION GROWTH THROUGH 2050, AND EACH OF THOSE REPORTS HAS BEEN INFLUENTIAL, ESPECIALLY THE SEPTEMBER WATER OUTLOOK. THE FINAL PART OF THE POPULATION GROWTH SERIES WILL BE PUBLISHED THIS SPRING, EXAMINING EDUCATION NEEDS. THE BOTTOM LINE MESSAGE FROM THE SERIES IS THAT UTAH'S GROWTH WILL REQUIRE NEW POLICIES, HOUSING CHOICES, AND PUBLIC INVESTMENTS IF WE ARE TO MAINTAIN OUR QUALITY OF LIFE. OUR REPORTS ON COLLEGE WRITING, STATE DEBT, AND COLLEGE COMPLETION STRATEGIES ("GAME CHANGERS") HAVE ALSO BEEN INFLUENTIAL AND INFORMATIVE. UTAH FOUNDATION PUBLICATIONS, 2014-15: JANUARY - THE AIR WE BREATHE: A BROAD ANALYSIS OF UTAH'S AIR QUALITY AND POLICY SOLUTIONS APRIL - A SNAPSHOT OF 2050: AN ANALYSIS OF PROJECTED POPULATION CHANGE IN UTAH JUNE - ROADMAP TO 2050: PLANNING FOR UTAH'S FUTURE INFRASTRUCTURE NEEDS JULY - DEVELOPING WRITERS: INTERVIEWS AND ANALYSIS OF WRITING PRACTICES IN POST-SECONDARY EDUCATION SEPTEMBER - FLOWING TOWARD 2050: UTAH'S WATER OUTLOOK NOVEMBER - UNITED WAY OF TREASURE VALLEY COMMUNITY ASSESSMENT 2014 NOVEMBER - THE ROLE OF BONDS IN UTAH: A GUIDE TO UTAH BONDING AND ITS BENEFITS AND LIMITATIONS DECEMBER - STEPS FORWARD IN HIGHER ED: SUCCESS MEASURES, GAME CHANGERS, AND PERFORMANCE-BASED FUNDING IN UTAH EVENTS, MEDIA EXPOSURE, AND COMMUNICATIONS: IN APRIL, OUR ANNUAL MEETING LUNCHEON EXPLORED HIGHER EDUCATION AND ITS ROLE IN ECONOMIC PROSPERITY. WE ALSO HELD A BREAKFAST EVENT IN NOVEMBER FOCUSED ON STATE DEBT, FEATURING THE STATE TREASURER AND LEGISLATORS WHO WERE PLANNING TO SPONSOR NEW BONDS FOR HIGHWAYS, WATER PROJECTS, AND THE STATE PRISON MOVE. BOTH WERE WELL ATTENDED AND INSIGHTFUL. IN 2014, WE SAW 51 NEWS ARTICLES ABOUT OUR WORK, AND THIS YEAR OUR EXPOSURE IS INCREASING DRAMATICALLY, WITH 54 ARTICLES ALREADY IN THREE MONTHS. WE ARE DEVELOPING A MORE ROBUST COMMUNICATIONS EFFORT WITH THE RECENT HIRE OF DAN BAMMES (FORMER KUER RADIO MORNING HOST) AS OUR COMMUNICATIONS DIRECTOR. WE'VE ALSO HIRED TWO ADDITIONAL RESEARCH ANALYSTS, AND WE PLAN TO PUBLISH AT LEAST 15 REPORTS THIS YEAR. OUR WEBSITE IS BECOMING EVEN MORE POPULAR, WITH 130,000 PAGES VIEWED IN THE PAST YEAR. THANKS TO THE GENEROUS WORK OF LOVE COMMUNICATIONS, THE SITE WAS REDESIGNED IN EARLY 2014, AND IT IS BECOMING MUCH MORE ATTRACTIVE TO SEARCH ENGINES. TAKE A LOOK AT OUR NEW POLICY BLOG (WWW.UTAHFOUNDATION.ORG/BLOG), WITH FREQUENT SHORT ARTICLES ON CURRENT UTAH POLICY TOPICS. WE HAVE PUBLISHED 21 BLOG ARTICLES IN THE PAST YEAR, DISCUSSING THE ECONOMY, EDUCATION, INFRASTRUCTURE, TAXES, AND MORE. 357846 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 3 0 6 true false false false false false false false false false false X 56 56 false false false false false false false true true false false true false false false true false false UT X X STEPHEN J HERSHEY KROES 8013551400 10 W BROADWAY STE 307 SALT LAKE CITY UT 841012075 NEIL ABERCROMBIE TRUSTEE 1.00 X 0 0 0 DAN ADAMS TRUSTEE 1.00 X 0 0 0 MICHAEL ALLEGRA 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 WILLIAM APPLEGARTH TRUSTEE 1.00 X 0 0 0 SCOTT BARLOW TRUSTEE 1.00 X 0 0 0 LANE BEATTIE 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 SCOTT BROWNE TRUSTEE 1.00 X 0 0 0 MARK BUCHI TRUSTEE 1.00 X 0 0 0 ROB CAMPBELL TRUSTEE 1.00 X 0 0 0 CARLTON CHRISTENSEN TRUSTEE 1.00 X 0 0 0 LINCOLN CLARK TRUSTEE 1.00 X 0 0 0 FRED ESPLIN TRUSTEE 1.00 X 0 0 0 BRYSON GARBETT TREASURER 1.00 X 0 0 0 HAROLD GOOCH TRUSTEE 1.00 X 0 0 0 ANDREW GRUBER 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 JAMES HEWLETT TRUSTEE 1.00 X 0 0 0 ELIZABETH HITCH TRUSTEE 1.00 X 0 0 0 VAUGHN HOLBROOK TRUSTEE 1.00 X 0 0 0 BRENT JENSEN TRUSTEE 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 COLLEEN LARKIN BELL 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 TOM LOVE 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 DARIN MELLOTT TRUSTEE 1.00 X 0 0 0 F ANN MILLNER 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 RONA RAHLF TRUSTEE 1.00 X 0 0 0 JILL REMINGTON LOVE TRUSTEE 1.00 X 0 0 0 JEFFREY SERMON TRUSTEE 1.00 X 0 0 0 TIM SHEEHAN 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 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 143132 0 31707 143132 31707 1 false true false 471405 471405 CONSULTING INCOME 117292 117292 PROGRAM EVENT 12098 12098 129390 157 157 600952 129390 157 174839 113645 26226 34968 124888 114599 6163 4126 25869 23995 1180 694 18624 14428 1920 2276 4999 4999 39076 39076 19816 15654 2180 1982 21748 17181 2392 2175 8684 7729 955 2257 1783 248 226 PROGRAM EVENT EXPENSES 9133 9133 MISCELLANEOUS 2325 122 2188 15 LIBRARY 634 501 70 63 452892 357846 48521 46525 22966 350 97273 262755 10175 26950 53618 47730 8145 5888 1853 1853 140412 297796 6221 15545 6221 15545 X 124191 278751 10000 3500 134191 282251 140412 297796 148060 X false true X true false X 250915 256345 284739 184700 471405 1448104 106304 41237 127260 119008 129390 523199 357219 297582 411999 303708 600795 1971303 145000 145200 174750 147200 246000 858150 38008 89775 77333 90752 295868 183008 145200 264525 224533 336752 1154018 817285 530 409 199 105 157 1400 530 409 199 105 157 1400 357749 297991 412198 303813 600952 1972703 0.41430 0.51780 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53618 47730 5888 5888 640952 40000 40000 600952 600952 492892 40000 40000 452892 452892 X X X X false false false false false false false false false STEPHEN J HERSHEY KROES PRESIDENT 143132 31707 174839 LOVE COMMUNICATIONS BOARD MEMBER 29020 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 2, PART III, LINE 4A BEEN INFLUENTIAL AND INFORMATIVE. UTAH FOUNDATION PUBLICATIONS, 2014-15: JANUARY - THE AIR WE BREATHE: A BROAD ANALYSIS OF UTAH'S AIR QUALITY AND POLICY SOLUTIONS APRIL - A SNAPSHOT OF 2050: AN ANALYSIS OF PROJECTED POPULATION CHANGE IN UTAH JUNE - ROADMAP TO 2050: PLANNING FOR UTAH'S FUTURE INFRASTRUCTURE NEEDS JULY - DEVELOPING WRITERS: INTERVIEWS AND ANALYSIS OF WRITING PRACTICES IN POST-SECONDARY EDUCATION SEPTEMBER - FLOWING TOWARD 2050: UTAH'S WATER OUTLOOK NOVEMBER - UNITED WAY OF TREASURE VALLEY COMMUNITY ASSESSMENT 2014 NOVEMBER - THE ROLE OF BONDS IN UTAH: A GUIDE TO UTAH BONDING AND ITS BENEFITS AND LIMITATIONS DECEMBER - STEPS FORWARD IN HIGHER ED: SUCCESS MEASURES, GAME CHANGERS, AND PERFORMANCE-BASED FUNDING IN UTAH EVENTS, MEDIA EXPOSURE, AND COMMUNICATIONS: IN APRIL, OUR ANNUAL MEETING LUNCHEON EXPLORED HIGHER EDUCATION AND ITS ROLE IN ECONOMIC PROSPERITY. WE ALSO HELD A BREAKFAST EVENT IN NOVEMBER FOCUSED ON STATE DEBT, FEATURING THE STATE TREASURER AND LEGISLATORS WHO WERE PLANNING TO SPONSOR NEW BONDS FOR HIGHWAYS, WATER PROJECTS, AND THE STATE PRISON MOVE. BOTH WERE WELL ATTENDED AND INSIGHTFUL. IN 2014, WE SAW 51 NEWS ARTICLES ABOUT OUR WORK, AND THIS YEAR OUR EXPOSURE IS INCREASING DRAMATICALLY, WITH 54 ARTICLES ALREADY IN THREE MONTHS. WE ARE DEVELOPING A MORE ROBUST COMMUNICATIONS EFFORT WITH THE RECENT HIRE OF DAN BAMMES (FORMER KUER RADIO MORNING HOST) AS OUR COMMUNICATIONS DIRECTOR. WE'VE ALSO HIRED TWO ADDITIONAL RESEARCH ANALYSTS, AND WE PLAN TO PUBLISH AT LEAST 15 REPORTS THIS YEAR. OUR WEBSITE IS BECOMING EVEN MORE POPULAR, WITH 130,000 PAGES VIEWED IN THE PAST YEAR. THANKS TO THE GENEROUS WORK OF LOVE COMMUNICATIONS, THE SITE WAS REDESIGNED IN EARLY 2014, AND IT IS BECOMING MUCH MORE ATTRACTIVE TO SEARCH ENGINES. TAKE A LOOK AT OUR NEW POLICY BLOG (WWW.UTAHFOUNDATION.ORG/BLOG), WITH FREQUENT SHORT ARTICLES ON CURRENT UTAH POLICY TOPICS. WE HAVE PUBLISHED 21 BLOG ARTICLES IN THE PAST YEAR, DISCUSSING THE ECONOMY, EDUCATION, INFRASTRUCTURE, TAXES, AND MORE. 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.