Civic Intelligence

Park City Community Foundation

990 • Fiscal year 2015 • EIN 30-0171971

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 18, 2016

PO Box 681499Park City, UT 84068

(435) 214-7476

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.30x

Higher debt load relative to assets than 61% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

80th percentile

0.97x

Higher debt load relative to revenue than 80% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

91st percentile

49%

Higher net margin than 91% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

34th percentile

$87,500

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

81st percentile

16%

Faster asset growth than 81% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

36%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$8,258,661

Up $1,120,581 (+16%) from 2014

Net Assets

Up

$5,804,371

Up $1,095,766 (+23%) from 2014

Liabilities

Up

$2,454,290

Up $24,815 (+1.0%) from 2014

Revenue

Up

$2,518,588

Up $663,355 (+36%) from 2014

Expenses

Down

$1,284,351

Down $616,824 (-32%) from 2014

Net Income

Up

$1,234,237

Up $1,280,179 (+2787%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $2,948,152Liabilities 2010: $106,153Net Assets 2010: $2,841,9992010Assets 2013: $6,665,561Liabilities 2013: $1,785,564Net Assets 2013: $4,879,9972013Assets 2014: $7,138,080Liabilities 2014: $2,429,475Net Assets 2014: $4,708,6052014Assets 2015: $8,258,661Liabilities 2015: $2,454,290Net Assets 2015: $5,804,3712015Assets 2016: $9,647,084Liabilities 2016: $1,685,728Net Assets 2016: $7,961,3562016Assets 2017: $14,380,006Liabilities 2017: $1,729,790Net Assets 2017: $12,650,2162017Assets 2018: $14,742,199Liabilities 2018: $927,828Net Assets 2018: $13,814,3712018Assets 2019: $19,713,493Liabilities 2019: $692,995Net Assets 2019: $19,020,4982019Assets 2021: $26,797,404Liabilities 2021: $290,156Net Assets 2021: $26,507,2482021Assets 2022: $24,918,835Liabilities 2022: $548,004Net Assets 2022: $24,370,8312022Assets 2024: $31,481,031Liabilities 2024: $554,879Net Assets 2024: $30,926,1522024

Highlighted filing

2015

Assets$8,258,661
Liabilities$2,454,290
Net Assets$5,804,371

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $699,6142010Revenue 2013: $2,650,869Expenses 2013: $1,066,483Net Income 2013: $1,584,3862013Revenue 2014: $1,855,233Expenses 2014: $1,901,175Net Income 2014: -$45,9422014Revenue 2015: $2,518,588Expenses 2015: $1,284,351Net Income 2015: $1,234,2372015Revenue 2016: $3,573,383Expenses 2016: $1,509,023Net Income 2016: $2,064,3602016Revenue 2017: $6,851,421Expenses 2017: $2,651,685Net Income 2017: $4,199,7362017Revenue 2018: $5,038,393Expenses 2018: $3,182,049Net Income 2018: $1,856,3442018Revenue 2019: $8,590,242Expenses 2019: $3,856,200Net Income 2019: $4,734,0422019Revenue 2021: $7,207,997Expenses 2021: $5,400,432Net Income 2021: $1,807,5652021Revenue 2022: $9,204,590Expenses 2022: $7,772,582Net Income 2022: $1,432,0082022Revenue 2024: $11,692,949Expenses 2024: $9,473,705Net Income 2024: $2,219,2442024

Highlighted filing

2015

Revenue$2,518,588
Expenses$1,284,351
Net Income$1,234,237
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 18, 2016
Return Version
2015v2.1
Gross Receipts
$2,937,019
Mission and Program Overview

Mission

Park city community foundation strengthens and unites us by identifying needs, giving, supporting and connecting our community. We do this by providing grants and education to nonprofit organizations, philanthropic services to donors and by leading community initiatives such as live pc give pc, park city women's giving fund, milepost, save our snow and more. We have three strategic goals: 1. Endow our community's future - create an endowment to sustain and enhance our ability to serve the community 2. Support nonprofits - promote the park city nonprofit community by providing grant, education and networking opportunities. 3. Achieve long-term community gains - collaborate with partners and align resources to accomplish shared goals.

Mission: park city community foundation strengthens our community through collaborative giving and action. Values: 1.partnership - answering community needs by convening donors, nonprofits, and strategic partners. 2.professionalism - creating a culture of data-driven decision making, and performing efficiently and transparently to earn the trust of our donors, our partners, and the community. 3.leadership - addressing community issues by providing vision, inspiration, and ideas. 4.innovation - elevating the community through thoughtful initiatives and strategic risk-taking. Strategic goals: 1.endow our community's future - create an endowment to sustain and enhance our ability to serve the community. 2.support nonprofits - promote the park city nonprofit community by providing grant, education, and networking opportunities. 3.achieve long-term community gains - collaborate with partners and align resources to accomplish shared goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,469,054$5,329,346▲ $860,292
Cash and Non-Interest-Bearing Accounts$1,753,139$1,820,605▲ $67,466
Savings and Temporary Cash Investments$576,337$826,813▲ $250,476
Pledges and Grants Receivable$300,310$153,665▼ $146,645
Accounts Receivable$32,778$125,279▲ $92,501
Land, Buildings, and Equipment, Net$6,462$2,953▼ $3,509
Total Assets$7,138,080$8,258,661▲ $1,120,581
Liabilities
Other Liabilities$2,421,472$2,454,290▲ $32,818
Accounts Payable and Accrued Expenses$8,003--
Total Liabilities$2,429,475$2,454,290▲ $24,815
Net Assets / Fund Balance
Unrestricted Net Assets$3,214,899$4,262,742▲ $1,047,843
Permanently Rstr Net Assets$1,231,861$1,275,852▲ $43,991
Temporarily Rstr Net Assets$261,845$265,777▲ $3,932
Total Net Assets Fund Balance$4,708,605$5,804,371▲ $1,095,766
Total Liabilities and Net Assets / Fund Balance$7,138,080$8,258,661▲ $1,120,581

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$700$46,669$47,369
Equipment$2,253$24,738$26,991

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$3,721,693$1,181,692▲ $27,374-$4,662,526
2014$3,906,020$708,949▲ $135,380-$3,721,693
2013$2,229,347$1,606,915▲ $330,062-$3,906,020
2012----$2,229,347
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Katherine D WrightExecutive DiFT$87,500$87,500

Board Members and Trustees

NameTitle
Robert M La ForgiaAudit Chair
Jack MuellerBoard Chair
Sydney ReedGrants Chair
Jody GrossWgf Co-chair
Bill ColemanDirector
Bill RockDirector
Bob RicherDirector
Cathy HillDirector
Christopher ConabeeDirector
Diane FosterDirector
Hank LouisDirector
Jolie IacobelliDirector
Jon MonkDirector
Karen MarriottDirector
Mark C LemonsDirector
Mark J FischerDirector
Steve SloanDirector
Tom RaffaDirector
Franklin MortonDevelopment
J Taylor CrandallInvestment C
Michael RuzekLivepc Givep
Judith BillingsSecretary, E
Stephen TylerTreasurer
Kristi CummingWgf Grants C
Revenue and Support

Revenue Composition

Contributions and Grants
$2,300,401
Program Service Revenue
$0
Investment Income
$171,198
Other Revenue
$46,989
All Other Contributions
$2,255,401
Change in Net Assets
$1,234,237

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded11$161,807Fair Market Value
Total Noncash Contributions11$161,807-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,511,470
Revenue Not Reported on Financial Statements
$7,118
Revenue Not Reported on Form 990
$-133,221
Total Revenue per Audited Statements
$2,378,249
Total Revenue per Form 990
$2,518,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$637,666
Other Expenses$381,813
Salaries, Compensation, and Employee Benefits$264,872
Total Fundraising Expense$147,747
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$618,773--$618,773
Other Salaries and Wages$85,617$25,432$25,729$136,778
Current Officers, Directors, Trustees, and Key Employees$21,875$21,875$43,750$87,500
Information Technology$20,129$8,020$11,951$40,100
Fees for Services Accounting$23,609$6,901$5,812$36,322
Occupancy$14,374$5,850$8,329$28,553
All Other Expenses$6,976$3,592$17,631$28,199
Other Employee Benefits$10,547$4,687$8,203$23,437
Grants to Domestic Individuals$18,893--$18,893
Fees for Services Other$17,517--$17,517
Payroll Taxes$8,223$3,619$5,315$17,157
Office Expenses$4,450$3,804$4,302$12,556
Other Expenses$8,956-$995$9,951
Fees for Service Investment Mgmnt Fees$2,420$2,349$2,349$7,118
Depreciation Depletion$2,159$879$1,251$4,289
Advertising$2,114-$2,114$4,228
Travel$1,944-$1,944$3,888
Insurance$1,145$1,111$1,111$3,367
Conferences and Meetings$146$142$142$430
Total Functional Expenses$1,048,343$88,261$147,747$1,284,351

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,284,351
Total Expenses per Audited Statements$1,282,483
Expenses per Audited Statements$1,277,233
Expenses Not Reported on Financial Statements$7,118
Expenses Not Reported on Form 990$5,250
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Park City Education FoundationPark City, UT501c3Education$51,520
Youth Sports AlliancePark City, UT501c3Sports & Recreation$36,483
Pc TotsPark City, UT501c3Education$31,580
KpcwPark City, UT501c3Community$29,590
Park City InstitutePark City, UT501c3Arts & Culture$27,820
Utah Symphony & OperaPark City, UT501c3Arts & Culture$26,420
Egyptian TheatrePark City, UT501c3Arts & Culture$24,120
Summit Land ConservancyPark City, UT501c3Land Preservation$21,185
Utah Athletic FoundationPark City, UT501c3Sports & Recreation$20,007
Ski Utah School ProgramSalt Lake City, UT501c3Sports & Recreation$20,000
Peace House IncPark City, UT501c3Health & Human Resou$19,300
PEOPLE'S HEALTH CLINIC INCPark City, UT501c3Health & Human Resou$18,320
Recycle UtahPark City, UT501c3Environment$15,960
Eats Park CityPark City, UT501c3Education$15,898
Park City Historical Society MuseumPark City, UT501c3Community$15,680
Mountainlands Community Housing TruPark City, UT501c3Health & Human Resou$15,060
Christian Center of Park CityPark City, UT501c3Health & Human Resou$13,580
Jewish Family ServicesSalt Lake City, UT501c3Community$13,020
National Ability CenterPark City, UT501c3Sports & Recreation$12,900
Sonoma Valley Mentoring AllianceSonoma, CA501c3Education$10,000
Holy Cross MinistriesSalt Lake City, UT501c3Community$9,930
Swaner EcocenterPark City, UT501c3Environment$8,555
Mountain Trails FoundationPark City, UT501c3Recreation & Environ$8,389
Habitat for Humanity SummitwasatchPark City, UT501c3Community$7,500
Alf Engen Ski Museum FoundationPark City, UT501c3Arts & Culture$7,060
Anaconda Elementary PtsaAnaconda, MT501c3Education$7,000
Planned Parenthood Association of USalt Lake City, UT501c3Health & Human Resou$6,680
SUMMIT COUNTY CHILDREN'S JUSTICE CTPark City, UTGovChild Welfare$6,433
Kimball Art CenterPark City, UT501c3Arts & Culture$6,300
Lake Tahoe Ski Club FoundationTahoe City, CA501c3Sports & Recreation$6,283
Nuzzles and CoPark City, UT501c3Animal Protection$6,250
Big Brothers Big Sisters of SummitPark City, UT501c3Children & Family$6,180
Uinta Headwaters ResourcePark City, UT501c3Community$6,145
Mountain Town MusicPark City, UT501c3Arts & Culture$6,100
Park City ReadsPark City, UT501c3Education$5,340
Park City Day SchoolPark City, UT501c3Education$5,080
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Endowment Fund$1,371,768
Performance Account Liability$1,082,522
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The audit committee chair and treasurer were given copies of the form 990, and the board of directors received a public inspection copy, prior to it being filed with the irs. They were given a chance to review the form 990 and offer any suggested changes.

Form 990, Page 6, Part VI, Line 12C

Board members are required to report any relationships and abstain from decision making when there is a conflict of interest. Each board member, staff member, and volunteer is required to complete a conflict of interest form annually.

Form 990, Page 6, Part VI, Line 15A

A performance evaluation task force, comprising of the board chair, vice chair, treasurer, and the governance committee chair, evaluates the executive director annually, based on achievement of organizational goals, other specific goals, a self-evaluation and invited comments from all board members. The board chair serves as the task force chair. The evaluation is reported to the board, which includes recommendations for compensation that is then approved by the board of directors. The committee reviews the council on foundation's compensation report and utah nonprofits association salary report to calculate a fair wage.

Form 990, Page 6, Part VI, Line 19

The park city community foundation's investment policy, fee schedule, determination letter, audited financials, and irs form 990 are available on their website. All other governing documents and policies are available upon request.

Filing and Contact Details

Filer

Filer Name
Park City Foundation
EIN
30-0171971
Phone
4352147476
Address
PO BOX 681499, PARK CITY, UT 84068
Doing Business As
Park City Community Foundation

Signing Officer

Name
Katherine D Wright
Title
Executive Director
Phone
4356408581
Signed
2016-07-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katherine D Wright
Formed
2004
Legal Domicile
Ut
Voting Board Members
24
Independent Board Members
24
Employees
7
Volunteers
135

Preparer

Firm
Niederhauser & Davis LLC
Address
PO BOX 680460, PARK CITY, UT 84068-0460
Preparer
Jay C Niederhauser
Phone
4356553300
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Mission: park city community foundation strengthens our community through collaborative giving and action. Values: 1.partnership - answering community needs by convening donors, nonprofits, and strategic partners. 2.professionalism - creating a culture of data-driven decision making, and performing efficiently and transparently to earn the trust of our donors, our partners, and the community. 3.leadership - addressing community issues by providing vision, inspiration, and ideas. 4.innovation - elevating the community through thoughtful initiatives and strategic risk-taking. Strategic goals: 1.endow our community's future - create an endowment to sustain and enhance our ability to serve the community. 2.support nonprofits - promote the park city nonprofit community by providing grant, education, and networking opportunities. 3.achieve long-term community gains - collaborate with partners and align resources to accomplish shared goals.

Form 990, Page 1, Part I, Line 6

In 2015, we used the services of about 135 volunteers for two primary programs - live pc give pc, an annual online giving event, and park city women's giving fund. For the women's giving fund, we had volunteers for graphic design, event planning, outreach, education, and other committees. For live pc give pc, we had event volunteers, outreach volunteers, photographers and graphic designers.

Financial Statement Notes

Schedule D, Page 4, Part XIII

Part v, line 4 - intended uses for endowment funds this endowment fund will be held in perpetuity. All earnings from the fund can be expended to support the operations of the foundation. Part x, line 1 - other liabilities agency endowment fund assets are pledged back to the non-profit organization from which the assets under management originated. Therefore, the assets, plus any net appreciation/depreciation, are recognized as a liability on the financial statements. Performance account liability represents funds held on behalf of another non-profit organization. The funds are held in a separate bank account and are included in the cash balance on form 990, part x, line 1. The foundation distributes cash to third parties after certain requirements are met, which reduces both the cash and liability accounts.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19LIVEPC GIVEP
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IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
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IRS990/MissionDesc0MISSION: PARK CITY COMMUNITY FOUNDATION STRENGTHENS OUR COMMUNITY THROUGH COLLABORATIVE GIVING AND ACTION. VALUES: 1.PARTNERSHIP - ANSWERING COMMUNITY NEEDS BY CONVENING DONORS, NONPROFITS, AND STRATEGIC PARTNERS. 2.PROFESSIONALISM - CREATING A CULTURE OF DATA-DRIVEN DECISION MAKING, AND PERFORMING EFFICIENTLY AND TRANSPARENTLY TO EARN THE TRUST OF OUR DONORS, OUR PARTNERS, AND THE COMMUNITY. 3.LEADERSHIP - ADDRESSING COMMUNITY ISSUES BY PROVIDING VISION, INSPIRATION, AND IDEAS. 4.INNOVATION - ELEVATING THE COMMUNITY THROUGH THOUGHTFUL INITIATIVES AND STRATEGIC RISK-TAKING. STRATEGIC GOALS: 1.ENDOW OUR COMMUNITY'S FUTURE - CREATE AN ENDOWMENT TO SUSTAIN AND ENHANCE OUR ABILITY TO SERVE THE COMMUNITY. 2.SUPPORT NONPROFITS - PROMOTE THE PARK CITY NONPROFIT COMMUNITY BY PROVIDING GRANT, EDUCATION, AND NETWORKING OPPORTUNITIES. 3.ACHIEVE LONG-TERM COMMUNITY GAINS - COLLABORATE WITH PARTNERS AND ALIGN RESOURCES TO ACCOMPLISH SHARED GOALS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION OFFERS A VARIETY OF SCHOLARSHIPS INCLUDING ATHLETIC AND NEED BASED.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.5$0.55$30.9$11.7$9.47$2.22
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.9$0.55$24.4$9.20$7.77$1.43
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.8$0.29$26.5$7.21$5.40$1.81
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.7$0.69$19.0$8.59$3.86$4.73
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.7$0.93$13.8$5.04$3.18$1.86
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$1.73$12.7$6.85$2.65$4.20
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.65$1.69$7.96$3.57$1.51$2.06
2015Detailed filing. Detailed filing data is available for this year.$8.26$2.45$5.80$2.52$1.28$1.23
2014Detailed filing. Detailed filing data is available for this year.$7.14$2.43$4.71$1.86$1.90$0.05
2013Detailed filing. Detailed filing data is available for this year.$6.67$1.79$4.88$2.65$1.07$1.58
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$0.11$2.84$0.70
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $5M-$10M nonprofits