SORENSON IMPACT FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- SORENSON IMPACT FOUNDATION (EIN 45-3203840)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-15
- IRS object ID
- 201333199349101788
- 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
- Accounting Fees Schedule
- Contractor Compensation Expln
- General Explanation Attachment
- 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 Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-15T15:59:22-08:00 | 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 | 453203840 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sorenson Impact Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SORE | 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 | Director | 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) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 128149602 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Interest On Savings Rev And Expnss | 5247 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 5247 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 1286001 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 1286001 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 5850200 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 21603061 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 6435644 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | -1082041 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | -22036 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 6059407 | TotalRevenueAndExpenses |
| Total Net Investment Income | 7704856 | TotalNetInvestmentIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 29185 | CompOfcrDirTrstRevAndExpnss |
| Legal Fees Rev And Expnss | 78415 | LegalFeesRevAndExpnss |
| Legal Fees Dsbrs Chrtbl Prps | 89684 | LegalFeesDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 26169 | AccountingFeesRevAndExpnss |
| Other Prof Fees Rev And Expnss | 218597 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 198097 | OtherProfFeesNetInvstIncm |
| Taxes Rev And Expnss | 146741 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 1741 | TaxesNetInvstIncm |
| Trav Conf Meeting Rev And Expnss | 15657 | TravConfMeetingRevAndExpnss |
| Other Expenses Rev And Expnss | 6915 | OtherExpensesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 521679 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 199838 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 89684 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 1002023 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 1002023 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 1523702 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 199838 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 1091707 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 4535705 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 7505018 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | 108931 | CashEOY |
| Cash EOYFMV | 108931 | CashEOYFMV |
| Savings And Temp Cash Invst EOY | 2230244 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 2230244 | SavingsAndTempCashInvstEOYFMV |
| Investments Govt Oblig EOY | 1753493 | InvestmentsGovtObligEOY |
| Investments Govt Oblig EOYFMV | 1753493 | InvestmentsGovtObligEOYFMV |
| Investments Corp Stock EOY | 20419782 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 20419782 | InvestmentsCorpStockEOYFMV |
| Investments Corp Bonds EOY | 7055159 | InvestmentsCorpBondsEOY |
| Investments Corp Bonds EOYFMV | 7055159 | InvestmentsCorpBondsEOYFMV |
| Investments Other EOY | 96289704 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 96289704 | InvestmentsOtherEOYFMV |
| Other Assets EOY | 292289 | OtherAssetsEOY |
| Other Assets EOYFMV | 292289 | OtherAssetsEOYFMV |
| Total Assets EOY | 128149602 | TotalAssetsEOY |
| Total Assets EOYFMV | 128149602 | TotalAssetsEOYFMV |
| Accounts Payable BOY | 12488 | AccountsPayableBOY |
| Accounts Payable EOY | 7494 | AccountsPayableEOY |
| Total Liabilities BOY | 12488 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 7494 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | -12488 | RetainedEarningsBOY |
| Retained Earnings EOY | 128142108 | RetainedEarningsEOY |
| Total Net Assets BOY | -12488 | TotalNetAssetsBOY |
| Total Net Assets EOY | 128142108 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 0 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 128149602 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | -12488 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 4535705 | ExcessOfRevenueOverExpenses |
| Other Increases | 123618891 | OtherIncreases |
| Subtotal | 128142108 | Subtotal |
| Total Net Assets Fund Balances EOY | 128142108 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 6435644 | CapitalGainNetIncome |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 150100 | InvestmentIncomeExciseTax |
| Subtotal | 150100 | Subtotal |
| Tax Based On Investment Income | 150100 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 196500 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 196500 | TotalCreditsAndPayments |
| Form2220 Attached | X | Form2220Attached |
| Overpayment | 46400 | Overpayment |
| Amount Credited To Next Year | 46400 | 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 | true | UnrelatedBusIncomeOver1000 |
| Form990 T Filed | true | 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 | false | NewSubstantialContributors |
| Interest In Controlled Entity | true | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | sorensonimpactfoundation.org | 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 (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| Luke Sorenson | ||||||
| 3400 N Ashton Boulevard | Lehi | UT | 84043 | Director | 1.00 | 0 |
| Krista Sorenson | ||||||
| 299 S Main Street Suite 2200 | Salt Lake Cit | UT | 84111 | Director | 5.00 | 0 |
| James Lee Sorenson | ||||||
| 299 S Main Street Suite 2200 | Salt Lake City | UT | 84111 | Director | 10.00 | 29185 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
Compensation Of Hghst Paid Cntrct CompensationOfHghstPaidCntrct (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Type Of ServiceTypeOfService | CompensationCompensation |
|---|---|---|---|---|---|
| Ray Quinney & Nebeker | |||||
| 36 S State Street Suite 1400 | Salt Lake City | UT | 84111 | Legal | 78415 |
| Merrill Lynch | |||||
| 101 California Street Suite 2100 | San Francisco | CA | 94111 | Investment advice | 198097 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 43371236 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 4435062 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 39720939 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 87527237 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 87527237 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 1312909 | CashDeemedCharitable |
| Net Noncharitable Assets | 86214328 | NetNoncharitableAssets |
| Minimum Investment Return | 4310716 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 4310716 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 150100 | TaxBasedOnInvestmentIncome |
| Total Tax | 150100 | TotalTax |
| Distributable Amount Before Adj | 4160616 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 4160616 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 4160616 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 1091707 | ExpensesAndContributions |
| Qualifying Distributions | 1091707 | QualifyingDistributions |
| Adj Qualifying Distributions | 1091707 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 4160616 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 1412611 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 2290606 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 2655078 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 2502938 | ExcessDistriCarryoverYear2 |
| Total Excess Distri Carryover | 8861233 | TotalExcessDistriCarryover |
| Qualifying Distributions | 1091707 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 1091707 | AppliedToCurrentYear |
| Excess Distri Cyov App CY Corpus | 3068909 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 3068909 | ExcessDistriCyovAppliedCY |
| Total Corpus | 5792324 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 5792324 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 634308 | ExcessFromYear4 |
| Excess From Year3 | 2655078 | ExcessFromYear3 |
| Excess From Year2 | 2502938 | ExcessFromYear2 |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Shareholder Manager | James Lee Sorenson | ShareholderManager |
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | Sorenson Impact Foundation | 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 | info@sorensonimpactfoundation.org | 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 | Quarterly; January 31, April 30, July 31, October 31 | SubmissionDeadlines |
| Restrictions On Awards | Awards will only be made for permitted charitable purposes consistent with the purpose and mission of the foundation. | RestrictionsOnAwards |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (11 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|
| University of Utah | ||||||
| 201 Presidents Circle | Salt Lake City | UT | 84112 | Univ | BTS Arts & Leadership Pavillion | $341,875 |
| Brigham Young University | ||||||
| 3328 TMCB | Provo | UT | 84602 | Univ | BTS Arts Endowment | $87,500 |
| Salt Lake County | ||||||
| 2001 South State Street Suite S480 | Salt Lake City | UT | 84190 | Govt | Herriman recreation center | $31,250 |
| American Indian Services | ||||||
| 1902 N Canyon Road Suite 100 | Provo | UT | 84604 | Public | Scholarship program | $100,000 |
| Ronald McDonald House | ||||||
| 935 E South Temple | Salt Lake City | UT | 84102 | Public | Ronald Mcdonald House expansion. Construction costs | $100,000 |
| Junior Achievement | ||||||
| 515 East 100 South Suite 200 | Salt Lake City | UT | 84102 | Public | JA City - Whole School Program | $12,500 |
| Utah State University | ||||||
| Old Main Hill | Logan | UT | 84322 | Univ | Funding for piano department/fine arts | $21,438 |
| Brigham Young University | ||||||
| 3328 TMCB | Provo | UT | 84602 | Univ | Research for ASL display device | $152,460 |
| The Library Square Foundation | ||||||
| PO Box 2129 | Salt Lake City | UT | 84110 | Public | Race for Innovation Program | $50,000 |
| YWCA | ||||||
| 322 East 200 South | Salt Lake City | UT | 84111 | Public | Gandhi statue campaign | $5,000 |
| University Impact Fund | ||||||
| 299 S Main Street Suite 310 | Salt Lake City | UT | 84111 | Public | General support | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 1002023 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $5,247 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $1,286,001 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Code | 531390 | BusinessCode |
| Unrelated Business Income | -$585,444 | UnrelatedBusinessIncomeAmount |
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $6,435,644 | ExclusionAmount |
Other Revenue Described OtherRevenueDescribed (7 entries)
| DescriptionDescription | Exclusion CodeExclusionCode | ExclusionExclusionAmount | Business CodeBusinessCode | Unrelated Business IncomeUnrelatedBusinessIncomeAmount |
|---|---|---|---|---|
| Passthrough Rents | 16 | -$15,780 | ||
| Passthrough Interest | 14 | $36,060 | ||
| Passthrough Income | 541900 | $26,612 | ||
| Passthrough Income | 541519 | -$447,411 | ||
| Passthrough Income | 531390 | -$639,206 | ||
| Passthrough Gains | 18 | -$27,615 | ||
| Investment Income | 14 | -$14,701 |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | -$1,645,449 | UnrelatedBusinessIncomeAmount |
| Exclusion | $7,704,856 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 6059407 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting & Tax | Category |
| Amount | $26,169 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Explanation ContractorCompExplanation (2 entries)
| Ray Quinney & Nebeker |
| Merrill Lynch |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanation (2 entries)
| ExplanationExplanation |
|---|
| The foundation is a successor organization to a previous 501(c)(3) foundation. As described in Rev. Rul. 2002-28 and Treas. Reg. Section 1.507-3(a)(9)(i) the foundation is entitled to a certain carryover amounts from the previous foundation; namely the excess distribution carryover and UBI net operating loss carryovers.The amounts of carryovers are as follows:Excess Distributions:2007 $1,41,26112008 $2,290,6062009 $2,655,0782010 $2,502,9382012 $581,967Net Operating Loss:2009 $6572010 $174,3172011 $1,245,300 |
| Part VII-A, Line 11Controlled Entity:Sorenson Media, Inc.13961 Minuteman Drive, Suite 100Draper, Utah 84020EIN: 76-0793370 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corp Bonds InvestmentsCorpBonds (17 entries)
| Name Of BondNameOfBond | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| Newell Rubbermaid Inc | 561120 | 561120 |
| Newmont Mining Corp | 233129 | 233129 |
| Boeing Co | 631628 | 631628 |
| Waste Management Inc | 647042 | 647042 |
| Marathon Oil Corp | 318786 | 318786 |
| Walgreen Co | 299282 | 299282 |
| Verizon Communications | 230101 | 230101 |
| Metlife Inc | 642762 | 642762 |
| AT&T Inc | 303359 | 303359 |
| General Electric Capital Corp | 299227 | 299227 |
| Goldman Sachs Group Inc | 595315 | 595315 |
| Comcast Corp | 618006 | 618006 |
| Northrop Grumman corp | 302248 | 302248 |
| Hospira Inc | 280102 | 280102 |
| Boeing Co | 266964 | 266964 |
| Staples Inc | 566079 | 566079 |
| Kinder Morgan | 260009 | 260009 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (288 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| Telephone & Data Systems | 122800 | 122800 |
| First Republic Bank | 245857 | 245857 |
| DTE Energy Co | 252000 | 252000 |
| Coresite Realty Corp | 126050 | 126050 |
| Cobank ACB | 104156 | 104156 |
| BB&T Corporation | 245700 | 245700 |
| Yum Brands Inc | 17131 | 17131 |
| Williams Companies | 28156 | 28156 |
| Wells Fargo & Co | 27139 | 27139 |
| WW Grainger Inc | 28737 | 28737 |
| VMWare Inc | 28054 | 28054 |
| Visa Inc | 108834 | 108834 |
| Unitedhealth Group Inc | 38727 | 38727 |
| United Technologies Corp | 48632 | 48632 |
| Union Pacific Corp | 104348 | 104348 |
| Ulta Salon Cosmetics | 28790 | 28790 |
| Teradata Corp | 28655 | 28655 |
| Starbucks Corp | 49232 | 49232 |
| Sirius XM Radio Inc | 26900 | 26900 |
| SBA Communications Corp | 38755 | 38755 |
| SalesForce.com Inc | 73292 | 73292 |
| Ross Stores Inc | 28614 | 28614 |
| Range Resources Corp | 28588 | 28588 |
| Ralph Lauren Corp | 39579 | 39579 |
| Qualcomm Inc | 69778 | 69778 |
| Priceline.com Inc | 71345 | 71345 |
| Precision Castparts | 56068 | 56068 |
| Monsanto Co | 81494 | 81494 |
| Michael Kors Holdings LTD | 28883 | 28883 |
| McGraw Hill Companies | 27444 | 27444 |
| Mastercard Inc | 40285 | 40285 |
| Lennar Corp | 21462 | 21462 |
| Lauder Estee Companies Inc | 27715 | 27715 |
| Las Vegas Sands Corp | 29035 | 29035 |
| Intuitive Surgical Inc | 39720 | 39720 |
| Intuit Inc | 31819 | 31819 |
| Intl Business Machines | 80643 | 80643 |
| Home Depot Inc | 38100 | 38100 |
| HCA Holdings Inc | 26731 | 26731 |
| Google Inc Cl A | 78519 | 78519 |
| Glaxosmithkline PLC ADR | 26734 | 26734 |
| Gilead Sciences Inc | 35770 | 35770 |
| Franklin Res Inc | 45252 | 45252 |
| FMC Techs Inc | 20130 | 20130 |
| Fluor Corp | 37887 | 37887 |
| Facebook Inc | 46531 | 46531 |
| Express Scripts Holding Co | 40500 | 40500 |
| Edwards Lifesciences Corp | 25518 | 25518 |
| Ecolab Inc | 47023 | 47023 |
| Ebay Inc | 47581 | 47581 |
| EMC Corporation | 27501 | 27501 |
| Dollar General Corp | 31877 | 31877 |
| Danaher Corp | 84465 | 84465 |
| CVS Caremark Corp | 43225 | 43225 |
| Covidien PLC | 36088 | 36088 |
| Costoco Wholesale Corp | 29915 | 29915 |
| Concho Resources Inc | 8298 | 8298 |
| Coach Inc | 26922 | 26922 |
| Cerner Corp | 37360 | 37360 |
| Celgene Corp | 46847 | 46847 |
| CBS Corp | 31163 | 31163 |
| Cabot Oil & Gas | 22880 | 22880 |
| Borg Warner Inc | 34163 | 34163 |
| Blackrock Inc | 32247 | 32247 |
| Biogen Idec Inc | 47424 | 47424 |
| Apple Inc | 140494 | 140494 |
| American Tower REIT Inc | 43271 | 43271 |
| Amazon.com Inc | 63470 | 63470 |
| Allergan Inc | 21557 | 21557 |
| Zoltek Companies Inc | 11292 | 11292 |
| Zions Bancorp | 7768 | 7768 |
| Wintrust Financial | 7267 | 7267 |
| Whiting Petroleum Corp | 19213 | 19213 |
| WR Berkley Corp | 37853 | 37853 |
| URS Corp | 29955 | 29955 |
| Universal Health Svcs | 11846 | 11846 |
| United Stationers Inc | 7562 | 7562 |
| UGI Corp | 19332 | 19332 |
| Synovus Financial Corp | 7691 | 7691 |
| Symmetricom Inc | 6214 | 6214 |
| SVB Financial Group | 6828 | 6828 |
| Superior Energy Svcs Inc | 7480 | 7480 |
| Sonoco Products Co | 28719 | 28719 |
| Semtech Corporation | 8540 | 8540 |
| Scholastic Corp | 10257 | 10257 |
| Sandridge Energy Inc | 27324 | 27324 |
| Sanchez Energy Corp | 6768 | 6768 |
| SAIA Inc | 17248 | 17248 |
| RF Micro Devices | 16576 | 16576 |
| Resolute Energy Corp | 14073 | 14073 |
| Renaissancere Holdings LTD | 19096 | 19096 |
| Reinsurance Group America | 33022 | 33022 |
| Ralcorp Holdings Inc | 32364 | 32364 |
| Quanta Services Inc | 24670 | 24670 |
| Power-One Inc | 11372 | 11372 |
| Post Holdings Inc | 4795 | 4795 |
| Owens Ill Inc | 33819 | 33819 |
| Orbital Sciences Corp | 14156 | 14156 |
| Old Natl Bancorp | 6505 | 6505 |
| Ocwen Financial Corp | 17364 | 17364 |
| Oasis Pete Inc | 7537 | 7537 |
| Northern Trust Corp | 24177 | 24177 |
| Navigant Consulting Inc | 26963 | 26963 |
| Mednax Inc | 15904 | 15904 |
| MDU Resources Group Inc | 7179 | 7179 |
| McDermott International Inc | 15582 | 15582 |
| Maxwell Technologies Inc | 16384 | 16384 |
| Maidenform Brands Inc | 13818 | 13818 |
| Lexington Realty Trust | 8161 | 8161 |
| Landec Corp | 9291 | 9291 |
| Kindred Healthcare Inc | 10690 | 10690 |
| The Jones Group Inc | 9644 | 9644 |
| Jack In The Box Inc | 11240 | 11240 |
| JM Smucker Co | 22595 | 22595 |
| IXYS Corp | 36514 | 36514 |
| Investors Real Estate Trust | 7770 | 7770 |
| ICF International Inc | 14697 | 14697 |
| Huntington Bancshares Inc | 13988 | 13988 |
| Hormel Foods Corp | 24157 | 24157 |
| Home Loan Servicing Solutions LTD | 11378 | 11378 |
| Hologic Inc | 14727 | 14727 |
| Hanover Ins Group | 60202 | 60202 |
| Gulfport Energy | 24499 | 24499 |
| Guess Inc | 10945 | 10945 |
| Great Plains Energy | 20554 | 20554 |
| Goodrich Petroleum | 12032 | 12032 |
| Globe Specialty Metals | 6765 | 6765 |
| Global Pmts Inc | 15176 | 15176 |
| Gentex Corp | 7955 | 7955 |
| General Cable Corp | 22929 | 22929 |
| Frac First Horizon Natl Corp | 1 | 1 |
| Forest Labs Inc | 11055 | 11055 |
| First Niagara Financial Group | 7335 | 7335 |
| First Midwest Bancorp | 7387 | 7387 |
| Euronet Worldwide Inc | 4413 | 4413 |
| Equifax Inc | 17535 | 17535 |
| Endurance Specialty Holding | 19051 | 19051 |
| Employers Holdings Inc | 16690 | 16690 |
| Dryships Inc | 7582 | 7582 |
| Devry Inc | 17370 | 17370 |
| Darling International Inc | 12944 | 12944 |
| Cree Inc | 34694 | 34694 |
| Covanta Holding Corp | 37761 | 37761 |
| Computer Science Corp | 51384 | 51384 |
| Community Health Sys | 11958 | 11958 |
| City National Corp | 7180 | 7180 |
| Chicos FAS Inc | 23075 | 23075 |
| Cabelas Inc | 17577 | 17577 |
| Brown Shoe Co Inc | 17525 | 17525 |
| Black Hills Corp | 15299 | 15299 |
| Bemis Co Inc | 8532 | 8532 |
| Babcock and Wilcox | 13152 | 13152 |
| Atlas Air Worldwide Hldgs | 6338 | 6338 |
| American Financial Group | 31537 | 31537 |
| Alleghany Corp | 24486 | 24486 |
| Aegion Corp | 25585 | 25585 |
| 3M Company | 99814 | 99814 |
| Wal-Mart Stores Inc | 200392 | 200392 |
| WR Berkley Corp | 136808 | 136808 |
| Unitedhealth Group | 172212 | 172212 |
| Thermo Fisher Scientific | 109191 | 109191 |
| Praxair Inc | 170961 | 170961 |
| Pepsico Inc | 148835 | 148835 |
| Oracle Corp | 206584 | 206584 |
| Noble Energy Inc | 273375 | 273375 |
| News Corp B | 23275 | 23275 |
| News Corp A | 190993 | 190993 |
| Nestle SA | 153932 | 153932 |
| Morgan Stanley | 133840 | 133840 |
| Mondelez International | 143632 | 143632 |
| Microsoft Corp | 225350 | 225350 |
| McDonalds Corp | 38548 | 38548 |
| Loews Corp | 168094 | 168094 |
| Liberty Global Inc A | 25184 | 25184 |
| Liberty Global Inc | 217375 | 217375 |
| Google Inc | 141476 | 141476 |
| Goldman Sachs Group | 108426 | 108426 |
| Fidelity Natl Info Svcs | 103977 | 103977 |
| Ecolab Inc | 210308 | 210308 |
| Comcast Corp | 159377 | 159377 |
| Coca Cola | 207495 | 207495 |
| Berkshire Hathaway Inc | 358800 | 358800 |
| Apache Corp | 165792 | 165792 |
| AON PLC | 259087 | 259087 |
| Altera Corp | 135841 | 135841 |
| Wynn Resorts LTD | 248040 | 248040 |
| Waters Corp | 183997 | 183997 |
| Suncor Energy Inc | 238412 | 238412 |
| Starwood Hotels and Resorts | 241658 | 241658 |
| Stanley Black & Decker | 257933 | 257933 |
| Scripps Networks Interactive | 282476 | 282476 |
| RobertHalf Intl Inc | 246828 | 246828 |
| Qualcomm Inc | 236675 | 236675 |
| Mastercard Inc | 204372 | 204372 |
| Hospira Inc | 180036 | 180036 |
| Express Scripts Holding Co | 169290 | 169290 |
| Expeditors Intl Wash Inc | 132216 | 132216 |
| EMC Corporation | 167916 | 167916 |
| Affiliated Managers Grp | 193403 | 193403 |
| Accenture PLC | 163856 | 163856 |
| Ansys Inc | 166397 | 166397 |
| Wells Fargo & Co | 189186 | 189186 |
| Wal-Mart Stores Inc | 121108 | 121108 |
| Verizon Communications | 111117 | 111117 |
| Reynolds American Inc | 86257 | 86257 |
| Philip Morris Intl | 90666 | 90666 |
| Pfizer Inc | 205199 | 205199 |
| Paychex Inc | 135285 | 135285 |
| Newmarket Corp | 165186 | 165186 |
| Microsoft Corp | 122010 | 122010 |
| Meadwestvaco Corp | 134523 | 134523 |
| Lowes Companies Inc | 198983 | 198983 |
| Lorillard Inc | 195656 | 195656 |
| Kinder Morgan Management LLC | 188273 | 188273 |
| Johnson and Johnson | 71152 | 71152 |
| Intl Business Machines | 115122 | 115122 |
| Intel Corp | 151990 | 151990 |
| Hershey Company | 126024 | 126024 |
| Hatteras Financial Corp | 160421 | 160421 |
| Hasbro Inc | 194901 | 194901 |
| Frac Kinder Morgan Management | ||
| Federated Investors B | 142460 | 142460 |
| Duke Energy Corp | 88746 | 88746 |
| Dominion Res Inc | 190210 | 190210 |
| ConocoPhillips | 86289 | 86289 |
| Coca Cola | 110273 | 110273 |
| Cisco Systems Inc | 151929 | 151929 |
| Cinn Financial Corp | 147085 | 147085 |
| Chevron Corp | 137879 | 137879 |
| Bristol-Myers Squibb | 171912 | 171912 |
| Blackrock Inc | 156066 | 156066 |
| Berkshire Hathaway | 124414 | 124414 |
| Altria Group Inc | 187225 | 187225 |
| Albemarle Corp | 202014 | 202014 |
| Morgan Stanley Cap VIII | 1070 | 1070 |
| Morgan Stanley Cap TRVII | 12996 | 12996 |
| Montpelier RE Holdings | 67667 | 67667 |
| Corts Trust For AON Cap | 16895 | 16895 |
| Wiley John & Sons | 51699 | 51699 |
| Wex Inc | 18692 | 18692 |
| Verisk Analytics Inc | 27677 | 27677 |
| Varian Medical Sys Inc | 27885 | 27885 |
| Umpqua Holdings Corp | 23757 | 23757 |
| Transdigm Group Inc | 16500 | 16500 |
| Solera Holdings Inc | 26254 | 26254 |
| SEI Investment Co | 32956 | 32956 |
| Schein Inc | 47850 | 47850 |
| Sally Beauty Holdings Inc | 45089 | 45089 |
| Pall Corp PV | 16330 | 16330 |
| Oceaneering Intl Inc | 25174 | 25174 |
| OReilly Automotive Inc | 34248 | 34248 |
| Morningstar Inc | 60128 | 60128 |
| Mettler-Toledo Intl Inc | 23969 | 23969 |
| Markel Corp | 73681 | 73681 |
| LKQ Corp | 67288 | 67288 |
| Kirby Corp | 47903 | 47903 |
| Jacobs Engn Grp Inc | 35887 | 35887 |
| Jack Henry & Assoc Inc | 27011 | 27011 |
| Idex Corp Delaware | 43273 | 43273 |
| Hunt JB Trans Svcs Inc | 34274 | 34274 |
| Hcc Ins Holding Inc | 61880 | 61880 |
| Graco Inc | 26723 | 26723 |
| Gentex Corp | 37625 | 37625 |
| Forest City Enterprises | 27277 | 27277 |
| Flir Systems Inc | 23655 | 23655 |
| Fair Isaac Corporation | 40517 | 40517 |
| Factset Resh Sys Inc | 23336 | 23336 |
| Equifax Inc | 45515 | 45515 |
| Dril Quip | 17532 | 17532 |
| Dentsply Intl Inc | 54147 | 54147 |
| Cullen First Bkrs | 16172 | 16172 |
| Copart Inc | 18408 | 18408 |
| Columbia Sportswear Co | 17075 | 17075 |
| Clarcor Inc | 37125 | 37125 |
| City National Corp | 33079 | 33079 |
| Church & Dwight Co Inc | 29946 | 29946 |
| Carmax Inc | 33185 | 33185 |
| Carlisle Cos Inc | 44011 | 44011 |
| Blackbaud Inc | 31985 | 31985 |
| Bio Rad Labs | 41915 | 41915 |
| Aptar Grouop Inc | 31829 | 31829 |
| Ametek Inc | 41139 | 41139 |
| Airgas Inc | 19171 | 19171 |
| Affiliated Managers Grp | 63903 | 63903 |
| Acuity Brands Inc | 37589 | 37589 |
| Aarons Inc | 26215 | 26215 |
| Ansys Inc | 40000 | 40000 |
| Merrimack Pharmaceuticals | 672907 | 672907 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Securities EOY Book Value | 822277 | USGovtSecuritiesEOYBookValue |
| US Govt Securities EOYFMV | 822277 | USGovtSecuritiesEOYFMV |
| State Local Securities EOY Book Val | 931216 | StateLocalSecuritiesEOYBookVal |
| State Local Securities EOYFMV | 931216 | StateLocalSecuritiesEOYFMV |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther (23 entries)
| Category Or ItemCategoryOrItem | Listed At Cost Or FMVListedAtCostOrFMV | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| Privately Held Investments | FMV | 74652730 | 74652730 |
| SLP IV Techloogy Fund | FMV | 50000 | 50000 |
| ML Winton Futures Access | FMV | 480654 | 480654 |
| OZOFII Access LTD | FMV | 1577052 | 1577052 |
| Carlson Double Black Diamond | FMV | 1051194 | 1051194 |
| Brevan Howard Multi-Strategy | FMV | 759226 | 759226 |
| Ascend Access LTD | FMV | 759261 | 759261 |
| GSO Mezzanine Finance Fund | FMV | 123900 | 123900 |
| Templeton Global Bond Fund | FMV | 27425 | 27425 |
| Eaton Vance Floating Rate Fund | FMV | 942 | 942 |
| Ridgeworth High Income Fund | FMV | 3144 | 3144 |
| Eaton Vance Floating Rate Fund | FMV | 256989 | 256989 |
| First Eagle Global | FMV | 2768994 | 2768994 |
| PIMCO Commodity Real Return | FMV | 1427792 | 1427792 |
| Templeton Global Bond Fund | FMV | 1735757 | 1735757 |
| PIMCO Fixed Income Shares | FMV | 667447 | 667447 |
| Oppenheimer Developing Markets Fund | FMV | 1464820 | 1464820 |
| Matthews Pacific Tiger | FMV | 795525 | 795525 |
| Matthews Asian Growth Fund | FMV | 808877 | 808877 |
| First Eagle Gold Fund | FMV | 395757 | 395757 |
| IVA Worldwide Fund | FMV | 2975048 | 2975048 |
| iShares Russell 1000 | FMV | 2892300 | 2892300 |
| Ridgeworth High Income Fund | FMV | 614870 | 614870 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal | Category |
| Amount | $78,415 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 89684 | DisbursementsCharitablePrps |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Mediconnect escrow | Description |
| EOY Book Value | 292289 | EOYBookValue |
| EOYFMV | 292289 | EOYFMV |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks |
|---|---|
| Supplies | 1419 |
| Postage | 8 |
| Licenses & Fees | 57 |
| Insurance | 5140 |
| Bank charges | 291 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome (7 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| Passthrough Rents | -15780 | -15780 |
| Passthrough Interest | 36060 | 36060 |
| Passthrough Income | -639206 | |
| Passthrough Income | -447411 | |
| Passthrough Income | 26612 | |
| Passthrough Gains | -27615 | -27615 |
| Investment Income | -14701 | -14701 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases OtherIncreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Transfer from Original Sorenson Legacy Foundation | Description |
| Amount | $119,996,215 | Amount |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|---|
| Public relations | $20,500 | 0 | 0 | 0 |
| Investment management | $198,097 | 198097 | 0 | 0 |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| Foreign Taxes | $1,741 | 1741 |
| Federal Excise Tax | $145,000 |
Comments