JAMES LEE SORENSON FAMILY FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- JAMES LEE SORENSON FAMILY FOUNDATION (EIN 45-6794415)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-15
- IRS object ID
- 201333199349101228
- Schema version
- 2012v2.0
- 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
- Contractor Compensation Expln
- 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
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-15T15:58:29-08:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 456794415 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | James Lee Sorenson Family Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | JAME | NameControl |
| Phone | 8014901000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street | AddressLine1 |
| City | Salt Lake City | City |
| State | UT | State |
| ZIP Code | 84111 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | James Lee Sorenson | Name |
| Title | Trustee | Title |
| Date Signed | 2013-11-15 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | X | InitialReturn |
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 41744480 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 39410580 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 22222 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 22222 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 423805 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 423805 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 1386807 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 41319003 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 36814878 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | -11188 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | -11188 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 41232226 | TotalRevenueAndExpenses |
| Total Net Investment Income | 37249717 | TotalNetInvestmentIncome |
| Legal Fees Rev And Expnss | 12804 | LegalFeesRevAndExpnss |
| Legal Fees Dsbrs Chrtbl Prps | 12804 | LegalFeesDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 4914 | AccountingFeesRevAndExpnss |
| Other Prof Fees Rev And Expnss | 54445 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 54445 | OtherProfFeesNetInvstIncm |
| Taxes Rev And Expnss | 742273 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 7906 | TaxesNetInvstIncm |
| Other Expenses Rev And Expnss | 172 | OtherExpensesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 814608 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 62351 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 12804 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 0 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 0 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 814608 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 62351 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 12804 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 40417618 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 37187366 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | 325 | CashEOY |
| Cash EOYFMV | 325 | CashEOYFMV |
| Savings And Temp Cash Invst EOY | 6455610 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 6455610 | SavingsAndTempCashInvstEOYFMV |
| Investments Govt Oblig EOY | 1484003 | InvestmentsGovtObligEOY |
| Investments Govt Oblig EOYFMV | 1484003 | InvestmentsGovtObligEOYFMV |
| Investments Corp Stock EOY | 14210625 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 14210625 | InvestmentsCorpStockEOYFMV |
| Investments Corp Bonds EOY | 3693194 | InvestmentsCorpBondsEOY |
| Investments Corp Bonds EOYFMV | 3693194 | InvestmentsCorpBondsEOYFMV |
| Investments Other EOY | 14007135 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 14007135 | InvestmentsOtherEOYFMV |
| Other Assets EOY | 1893588 | OtherAssetsEOY |
| Other Assets EOYFMV | 1893588 | OtherAssetsEOYFMV |
| Total Assets EOY | 41744480 | TotalAssetsEOY |
| Total Assets EOYFMV | 41744480 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings EOY | 41744480 | RetainedEarningsEOY |
| Total Net Assets EOY | 41744480 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 0 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 41744480 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Excess Of Revenue Over Expenses | 40417618 | ExcessOfRevenueOverExpenses |
| Other Increases | 1326862 | OtherIncreases |
| Subtotal | 41744480 | Subtotal |
| Total Net Assets Fund Balances EOY | 41744480 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 36814878 | CapitalGainNetIncome |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 743747 | InvestmentIncomeExciseTax |
| Subtotal | 743747 | Subtotal |
| Tax Based On Investment Income | 743747 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 777000 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 777000 | TotalCreditsAndPayments |
| Form2220 Attached | X | Form2220Attached |
| Penalty For Underpayment | 3 | PenaltyForUnderpayment |
| Overpayment | 33250 | Overpayment |
| Amount Credited To Next Year | 33250 | AmountCreditedToNextYear |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Form990 T Filed | false | Form990TFiled |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | UT | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | true | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Paul Ludlow | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 8014901013 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street Suite 2200 | AddressLine1 |
| City | Salt Lake City | City |
| State | UT | State |
| ZIP Code | 84111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | true | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Undistr Income4942a2 Not Applied | false | UndistrIncome4942a2NotApplied |
| Business Holdings | false | BusinessHoldings |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Tr Fail To Qualify As Exceptions | false | TrFailToQualifyAsExceptions |
| Maint Expend Responsibility | false | MaintExpendResponsibility |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | false | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | James Lee Sorenson | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street Suite 2200 | AddressLine1 |
| City | Salt Lake City | City |
| State | UT | State |
| ZIP Code | 84111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Trustee | Title |
| Avg Hours Per Wk Devoted To Position | 5.00 | AvgHoursPerWkDevotedToPosition |
| Compensation | 0 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
Compensation Of Hghst Paid Cntrct CompensationOfHghstPaidCntrct
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Merrill Lynch Wealth Management | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 California Street Ste 2100 | AddressLine1 |
| City | San Francisco | City |
| State | CA | State |
| ZIP Code | 94111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Service | Investment advice | TypeOfService |
| Compensation | 54445 | Compensation |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 16947790 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 20302074 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 5458209 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 42708073 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 42708073 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 640621 | CashDeemedCharitable |
| Net Noncharitable Assets | 42067452 | NetNoncharitableAssets |
| Minimum Investment Return | 2103373 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 2103373 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 743747 | TaxBasedOnInvestmentIncome |
| Total Tax | 743747 | TotalTax |
| Distributable Amount Before Adj | 1359626 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 1359626 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 1359626 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 12804 | ExpensesAndContributions |
| Qualifying Distributions | 12804 | QualifyingDistributions |
| Adj Qualifying Distributions | 12804 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 1359626 | DistributableAmountAsAdjusted |
| Qualifying Distributions | 12804 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 12804 | AppliedToCurrentYear |
| Undistributed Income CY | 1346822 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | James Lee Sorenson | ContributingManager |
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | James Lee Sorenson Family Foundatio | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street Suite 2200 | AddressLine1 |
| City | Salt Lake City | City |
| State | UT | State |
| ZIP Code | 84111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 8014901000 | RecipientPhoneNumber |
| Recipient Email Address | Ann@sorensoncompanies.com | RecipientEmailAddress |
| 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. | FormAndInfoAndMaterials |
| Submission Deadlines | 2 months prior to each calendar quarter end | SubmissionDeadlines |
| Restrictions On Awards | Awards will only be made for permitted charitable purposes consistent with the purpose and mission of the foundation. | RestrictionsOnAwards |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $22,222 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $423,805 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $1,386,807 | ExclusionAmount |
Other Revenue Described OtherRevenueDescribed
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Passthrough Income | Description |
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | -$11,188 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,821,646 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 1821646 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 1 | ContributorNumber |
| Contributor Name Individual | James Lee Sorenson | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street Suite 2200 | AddressLine1 |
| City | Salt Lake City | City |
| State | UT | State |
| ZIP Code | 84111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 39410580 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
| Noncash Contribution Type | X | NoncashContributionType |
Noncash Property NoncashProperty
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number From Part I | 1 | ContributorNumberFromPartI |
| Noncash Property Description | 1,100,000 sh Mediconnect Global Inc common stock. No goods or services were provided by the foundati | NoncashPropertyDescription |
| Fair Market Value | 39410480 | FairMarketValue |
| Date Received | 2012-03-02 | DateReceived |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting & tax fees | Category |
| Amount | $4,914 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Explanation ContractorCompExplanation
Contractor Name Business ContractorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Merrill Lynch Wealth Management | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | The foundation paid fees to Merrill Lynch for investment advisory services. The fees were determined at arms-length and represent at fair market value for the services rendered. | Explanation |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corp Bonds InvestmentsCorpBonds (12 entries)
| Name Of BondNameOfBond | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| Watson Pharmaceuticals | 257222 | 257222 |
| Hewlett-Packard Co | 302020 | 302020 |
| Waste Management Inc | 287084 | 287084 |
| Kinder Morgan Energy Partners | 295291 | 295291 |
| Goldman Sachs Group | 297720 | 297720 |
| Newmont Mining Corp | 349693 | 349693 |
| JPMorgan Chase & Co | 311415 | 311415 |
| Boeing Co | 315815 | 315815 |
| AT&T Inc | 303359 | 303359 |
| General Electric | 359072 | 359072 |
| Wachovia Corp | 305500 | 305500 |
| Comcast Corp | 309003 | 309003 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (188 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| Wells Fargo & Co | 125900 | 125900 |
| Suntrust Banks Inc | 122350 | 122350 |
| State Street Corp | 127050 | 127050 |
| Protective Life Corp | 127955 | 127955 |
| Maiden Holdings LTD | 130050 | 130050 |
| JP Morgan Chase & Co | 125700 | 125700 |
| First Republic Bank | 122929 | 122929 |
| Coresite Realty Corp | 63025 | 63025 |
| Capital One Financial | 124300 | 124300 |
| BB&T Corporation | 127400 | 127400 |
| Wynn Resorts Ltd | 190108 | 190108 |
| Waters Corp | 138085 | 138085 |
| Suncor Energy Inc | 181489 | 181489 |
| Starwood Hotels | 205177 | 205177 |
| Stanley Black & Decker | 184555 | 184555 |
| Scripps Networks | 163740 | 163740 |
| Roberthalf Intl Inc | 209726 | 209726 |
| Qualcomm Inc | 194363 | 194363 |
| Mastercard Inc | 60919 | 60919 |
| Hospira Inc | 138487 | 138487 |
| Express Scripts Holding Co | 132624 | 132624 |
| Expeditors Intl Wash Inc | 135933 | 135933 |
| EMC Corporation | 135330 | 135330 |
| Affiliated Managers Group | 127026 | 127026 |
| Accenture PLC | 131138 | 131138 |
| Ansys Inc | 54411 | 54411 |
| Wells Fargo & Co | 149538 | 149538 |
| Wal-Mart Stores Inc | 84401 | 84401 |
| Verizon Communications | 86367 | 86367 |
| Reynolds American Inc | 72710 | 72710 |
| Philip Morris Intl Inc | 69923 | 69923 |
| Pfizer Inc | 149874 | 149874 |
| Paychex Inc | 103719 | 103719 |
| Newmarket Corp | 113533 | 113533 |
| Microsoft Corp | 93537 | 93537 |
| Meadwestvaco Corp | 87770 | 87770 |
| Lowe's Companies Inc | 130074 | 130074 |
| Lorillard Inc | 149338 | 149338 |
| Kinder Morgan Managment | 147298 | 147298 |
| Johnson And Jonhnson | 54257 | 54257 |
| Intl Business Machines | 90412 | 90412 |
| Intel Corp | 124132 | 124132 |
| Hershey Company | 94392 | 94392 |
| Hatteras Financial Corp | 139854 | 139854 |
| Hasbro Inc | 143205 | 143205 |
| Kinder Morgan Mgmt | ||
| Federated Investors B | 109444 | 109444 |
| Duke Energy Corp | 73498 | 73498 |
| Dominion Res Inc | 150634 | 150634 |
| ConocoPhillips | 64659 | 64659 |
| Coca Cola | 89610 | 89610 |
| Cisco Systems Inc | 124617 | 124617 |
| Cinn Fincial Corp | 109296 | 109296 |
| Chevron Corp | 109330 | 109330 |
| Bristol-Myers Squibb | 144895 | 144895 |
| Blackrock Inc | 119685 | 119685 |
| Berkshire Hathaway Inc | 94634 | 94634 |
| Altria Group | 144247 | 144247 |
| Albemarle Corp | 162630 | 162630 |
| Morgan Stanley Cap VIII | 28499 | 28499 |
| Montpelier RE Holdings | 41674 | 41674 |
| Aegon NV | 1539 | 1539 |
| 3M Company | 76601 | 76601 |
| Wal-Mart Stores Inc | 150106 | 150106 |
| W R Berkley Corp | 88689 | 88689 |
| Unitedhealth Group Inc | 124752 | 124752 |
| Thermo Fisher Scientific | 74942 | 74942 |
| Praxair Inc | 128604 | 128604 |
| Pepsico Inc | 112910 | 112910 |
| Oracle Corp | 148274 | 148274 |
| Noble Energy Inc | 188219 | 188219 |
| News Corp B | 15744 | 15744 |
| News Corp | 127550 | 127550 |
| Nestle SA | 114048 | 114048 |
| Morgan Stanley | 84128 | 84128 |
| Mondelez International | 108176 | 108176 |
| Microsoft Corp | 165600 | 165600 |
| Mcdonalds Corp | 22053 | 22053 |
| Loews Corp | 127344 | 127344 |
| Liberty Global Inc A | 18888 | 18888 |
| Liberty Global Inc | 141000 | 141000 |
| Google Inc | 116718 | 116718 |
| Goldman Sachs Group Inc | 127560 | 127560 |
| Fidelity National Info Svcs | 74842 | 74842 |
| Ecolab Inc | 150990 | 150990 |
| Comcast Corp | 150864 | 150864 |
| Coca Cola | 155875 | 155875 |
| Berkshire Hathaway Inc | 266858 | 266858 |
| Apache Corp | 125600 | 125600 |
| AON PLC | 184903 | 184903 |
| Altera Corp | 88554 | 88554 |
| Yum Brands Inc | 14143 | 14143 |
| Williams Companies | 23344 | 23344 |
| Wells Fargo & Co | 22490 | 22490 |
| W W Grainger Inc | 23880 | 23880 |
| VMWare Inc | 23253 | 23253 |
| Visa Inc | 90190 | 90190 |
| Unitedhealth Group Inc | 33195 | 33195 |
| United Technology Corp | 39693 | 39693 |
| Union Pacific Corp | 86873 | 86873 |
| Ulta Salon Cosmetics | 23189 | 23189 |
| Teradata Corp | 23704 | 23704 |
| Starbucks Corp | 40062 | 40062 |
| Sirius XM Radio Inc | 22580 | 22580 |
| SBA Communcations Corp | 32083 | 32083 |
| Salesforce.com Inc | 57154 | 57154 |
| Ross Stores Inc | 23691 | 23691 |
| Range Resources Corp | 23247 | 23247 |
| Ralph Lauren Corp | 32832 | 32832 |
| Qualcomm Inc | 57839 | 57839 |
| Priceline.com Inc | 58937 | 58937 |
| Precision Castparts | 45650 | 45650 |
| Monsanto Co | 66823 | 66823 |
| Michael Kors Holdings LTD | 23984 | 23984 |
| MCGraw Hill Companies | 22743 | 22743 |
| Mastercard Inc | 35372 | 35372 |
| Lenmar Corp | 17788 | 17788 |
| Lauder Estee Cosmetics Inc | 22986 | 22986 |
| Las Vegas Sands Corp | 23726 | 23726 |
| Intuitive Surgical Inc | 31874 | 31874 |
| Intuit Inc | 26169 | 26169 |
| Intl Business Machines | 66085 | 66085 |
| Home Depot Inc | 31605 | 31605 |
| HCA Holdings | 22145 | 22145 |
| Google Inc | 65079 | 65079 |
| Glaxosmithkline PLC | 22170 | 22170 |
| Gilead Sciences Inc | 29821 | 29821 |
| Franklin Res Inc | 35825 | 35825 |
| FMC Techs Inc | 16704 | 16704 |
| Flour Corp | 31191 | 31191 |
| Facebook Inc | 38572 | 38572 |
| Express Scripts Holding Co | 33534 | 33534 |
| Edwards Lifesciences Corp | 21190 | 21190 |
| Ecolab Inc | 40480 | 40480 |
| Ebay Inc | 39472 | 39472 |
| EMC Corporation Mass | 23225 | 23225 |
| Dollar General Corp | 26630 | 26630 |
| Danaher Corp | 69372 | 69372 |
| CVS Caremark Corp | 35199 | 35199 |
| Covidien PLC | 30198 | 30198 |
| Costco Wholesale Corp | 24781 | 24781 |
| Concho Resources Inc | 6848 | 6848 |
| Coach Inc | 22093 | 22093 |
| Cerner Corp | 30771 | 30771 |
| Celgene Corp | 39000 | 39000 |
| CBS Corp | 26064 | 26064 |
| Cabot Oil & Gas Corp | 18951 | 18951 |
| Borg Warner Inc | 27144 | 27144 |
| Blackrock Inc | 26045 | 26045 |
| Biogen Idec Inc | 39374 | 39374 |
| Apple Inc | 116014 | 116014 |
| American Tower Reit Inc | 34849 | 34849 |
| Amazon.com Inc | 52432 | 52432 |
| Allergan Inc | 17887 | 17887 |
| World Fuel Services Corp | 39606 | 39606 |
| White Mtns Insurance Group | 33990 | 33990 |
| Valueclick Inc | 47943 | 47943 |
| Tredegar Corp Virginia | 28180 | 28180 |
| Tenet Healthcare Corp | 40620 | 40620 |
| Tejon Ranch Co | 27069 | 27069 |
| Sturm Ruger & Co | 19931 | 19931 |
| Service Corp Intl | 51097 | 51097 |
| Ritchie Brothers Auctioneers | 27387 | 27387 |
| Pricesmart Inc | 59898 | 59898 |
| Old Dominion Freight Lines | 65029 | 65029 |
| Nu Skin Enterprises | 40236 | 40236 |
| Newmarket Corp | 72367 | 72367 |
| Montpelier RE Holdings | 40622 | 40622 |
| Micrel Inc | 28994 | 28994 |
| MBIA Inc | 28841 | 28841 |
| Matson Inc | 41184 | 41184 |
| Martin Marietta Materials | 22627 | 22627 |
| Kraton Performance Polymers | 29581 | 29581 |
| Kaman Corp | 35918 | 35918 |
| Hatteras Financial Corp | 25055 | 25055 |
| Kinder Morgan Managment Corp | ||
| First India Realty Trust Inc | 26315 | 26315 |
| Energizer Holdings Inc | 25273 | 25273 |
| Eaton Vance Corp | 69305 | 69305 |
| Corrections Corp of America | 54978 | 54978 |
| Columbia Sportswear Co | 26572 | 26572 |
| Cabelas Inc | 59535 | 59535 |
| Atwood Oceanics Inc | 57465 | 57465 |
| American Eagle Outfitters | 27236 | 27236 |
| Alleghany Corp | 21130 | 21130 |
| Alexander & Baldwin Inc | 31541 | 31541 |
| Albemarle Corp | 59385 | 59385 |
| Advent Software Inc | 22084 | 22084 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Securities EOY Book Value | 776991 | USGovtSecuritiesEOYBookValue |
| US Govt Securities EOYFMV | 776991 | USGovtSecuritiesEOYFMV |
| State Local Securities EOY Book Val | 707012 | StateLocalSecuritiesEOYBookVal |
| State Local Securities EOYFMV | 707012 | StateLocalSecuritiesEOYFMV |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther (19 entries)
| Category Or ItemCategoryOrItem | Listed At Cost Or FMVListedAtCostOrFMV | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| SLP IV Technology Fund | FMV | 50000 | 50000 |
| ML Winton Futures Access | FMV | 336458 | 336458 |
| OZOFII Access LTD | FMV | 1051368 | 1051368 |
| Carlson Double Black Diamon | FMV | 788395 | 788395 |
| Brevan Howward Multi-Strategy | FMV | 556766 | 556766 |
| Ascend Access LTD | FMV | 556792 | 556792 |
| PIMCO Commodity Real Return | FMV | 768666 | 768666 |
| First Eagle Gold Fund | FMV | 132732 | 132732 |
| Eaton Vance Floating Rate Fund | FMV | 180937 | 180937 |
| Ridgeworth High Income Fund | FMV | 425378 | 425378 |
| Templeton Global Bond Fund | FMV | 1202761 | 1202761 |
| PIMCO Fixed Income Shares M F | FMV | 323450 | 323450 |
| PIMCO Fixed Income Shares C F | FMV | 317264 | 317264 |
| Oppenheimer Developing Markets | FMV | 1003536 | 1003536 |
| Matthews Pacific Tiger | FMV | 533347 | 533347 |
| Matthews Asian Growth and Income Fund | FMV | 537651 | 537651 |
| First Eagle Global | FMV | 1708159 | 1708159 |
| IVA Worldwide Fund | FMV | 2029869 | 2029869 |
| Eaton Vance Capital SMID Cap Fund | FMV | 1503606 | 1503606 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal fees | Category |
| Amount | $12,804 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 12804 | DisbursementsCharitablePrps |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets (2 entries)
| DescriptionDescription | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| Pending securities trades | 2838 | 2838 |
| Mediconnect escrow | 1890750 | 1890750 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Bank charges | Description |
| Revenue And Expenses Per Books | 172 | RevenueAndExpensesPerBooks |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Passthrough Income | Description |
| Revenue And Expenses Per Books | -11188 | RevenueAndExpensesPerBooks |
| Net Investment Income | -11188 | NetInvestmentIncome |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment advisory fees | Category |
| Amount | $54,445 | Amount |
| Net Investment Income | 54445 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor SubstantialContributor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | James Lee Sorenson | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street Suite 2200 | AddressLine1 |
| City | Salt Lake City | City |
| State | UT | State |
| ZIP Code | 84111 | ZIPCode |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| Foreign taxes | $273 | 7906 |
| Federal taxes | $742,000 |
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