Civic Intelligence

The Pi Foundation Inc

EIN 35-2191048 • 501(c)3 • Salt Lake City, UT

Profile

The pi foundation's mission is to support, encourage, and foster charitable giving. The foundation does this through education, resources, and donor advised funds. The foundation financially supports a wide range of local and national organizations.

405 S Main Ste 800Salt Lake City, UT 84111

www.thepifund.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

2nd percentile

-131%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

22nd percentile

-1.9%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

3rd percentile

-57%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Down

$32,244,162

Down $2,405,980 (-6.9%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$32,244,162

Down $2,405,980 (-6.9%) from 2023

Revenue

Down

$2,732,382

Down $5,124,650 (-65%) from 2023

Expenses

Up

$6,301,943

Up $962,910 (+18%) from 2023

Net Income

Down

-$3,569,561

Down $6,087,560 (-242%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0-$20MAssets 2010: $33,730,852Liabilities 2010: $0Net Assets 2010: $33,730,8522010Assets 2011: $25,761,489Liabilities 2011: $0Net Assets 2011: $25,761,4892011Assets 2012: $35,197,915Liabilities 2012: $32,561Net Assets 2012: $35,165,3542012Assets 2013: $16,683,384Liabilities 2013: $88,093Net Assets 2013: $16,595,2912013Assets 2014: $27,733,969Liabilities 2014: $29,754Net Assets 2014: $27,704,2152014Assets 2015: $25,713,752Liabilities 2015: $20,721Net Assets 2015: $25,693,0312015Assets 2016: $29,358,481Liabilities 2016: -$97,407Net Assets 2016: $29,455,8882016Assets 2017: $27,404,161Liabilities 2017: -$32,328Net Assets 2017: $27,436,4892017Assets 2018: $22,086,592Liabilities 2018: -$114,918Net Assets 2018: $22,201,5102018Assets 2019: $45,765,161Liabilities 2019: $0Net Assets 2019: $45,765,1612019Assets 2020: $34,306,689Liabilities 2020: $8,754Net Assets 2020: $34,297,9352020Assets 2021: $42,544,136Liabilities 2021: $0Net Assets 2021: $42,544,1362021Assets 2022: $33,515,519Liabilities 2022: $0Net Assets 2022: $33,515,5192022Assets 2023: $34,650,142Liabilities 2023: $0Net Assets 2023: $34,650,1422023Assets 2024: $32,244,162Liabilities 2024: $0Net Assets 2024: $32,244,1622024

Highlighted filing

2024

Assets$32,244,162
Liabilities$0
Net Assets$32,244,162

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$20M$0-$20MExpenses 2010: $14,201,3532010Expenses 2011: $5,494,8192011Expenses 2012: $7,231,4502012Revenue 2013: -$856,083Expenses 2013: $17,757,103Net Income 2013: -$18,613,1862013Revenue 2014: $18,271,235Expenses 2014: $7,162,311Net Income 2014: $11,108,9242014Revenue 2015: $991,244Expenses 2015: $2,946,742Net Income 2015: -$1,955,4982015Revenue 2016: $10,706,139Expenses 2016: $6,943,282Net Income 2016: $3,762,8572016Revenue 2017: $4,908,090Expenses 2017: $6,927,489Net Income 2017: -$2,019,3992017Revenue 2018: -$256,009Expenses 2018: $4,978,970Net Income 2018: -$5,234,9792018Revenue 2019: $26,409,202Expenses 2019: $2,845,551Net Income 2019: $23,563,6512019Revenue 2020: $4,430,177Expenses 2020: $16,909,382Net Income 2020: -$12,479,2052020Revenue 2021: $12,945,919Expenses 2021: $5,848,011Net Income 2021: $7,097,9082021Revenue 2022: $14,907,643Expenses 2022: $20,020,419Net Income 2022: -$5,112,7762022Revenue 2023: $7,857,032Expenses 2023: $5,339,033Net Income 2023: $2,517,9992023Revenue 2024: $2,732,382Expenses 2024: $6,301,943Net Income 2024: -$3,569,5612024

Highlighted filing

2024

Revenue$2,732,382
Expenses$6,301,943
Net Income-$3,569,561

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.2$0.00$32.2$2.73$6.30$3.57
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.7$0.00$34.7$7.86$5.34$2.52
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.5$0.00$33.5$14.9$20.0$5.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.5$0.00$42.5$12.9$5.85$7.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.3$0.01$34.3$4.43$16.9$12.5
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.8$0.00$45.8$26.4$2.85$23.6
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.1$0.11$22.2$0.26$4.98$5.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.4$0.03$27.4$4.91$6.93$2.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.4$0.10$29.5$10.7$6.94$3.76
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.7$0.02$25.7$0.99$2.95$1.96
2014Detailed filing. Detailed filing data is available for this year.$27.7$0.03$27.7$18.3$7.16$11.1
2013Detailed filing. Detailed filing data is available for this year.$16.7$0.09$16.6$0.86$17.8$18.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.2$0.03$35.2$7.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.8$0.00$25.8$5.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.7$0.00$33.7$14.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.0
Gross Receipts
$4,394,911
Mission and Program Overview

Mission

The pi foundation's mission is to support, encourage, and foster charitable giving. The foundation does this through education, resources, and donor advised funds. The foundation financially supports a wide range of local and national organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$34,650,142$32,244,162▼ $2,405,980
Investments in Publicly Traded Securities$19,479,394$19,507,223▲ $27,829
Investments Other Securities$10,905,300$9,184,462▼ $1,720,838
Cash and Non-Interest-Bearing Accounts$3,942,737$3,358,208▼ $584,529
Receivable From Disqualified Prsn$298,388$194,269▼ $104,119
Other Notes and Loans Receivable, Net$24,323--
Total Assets$34,650,142$32,244,162▼ $2,405,980
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$34,650,142$32,244,162▼ $2,405,980
Total Liabilities and Net Assets / Fund Balance$34,650,142$32,244,162▼ $2,405,980

Asset Categories

AssetBook ValueDepreciationBasis
Closely Held Equity Interests$9,184,462--
Compensation and Service Providers

Board Members and Trustees

NameTitle
L S Mccullough IiPresident
L Stanford Mccullough IvDirector
Gregory C ZauggVP/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,200
Program Service Revenue
$172,820
Investment Income
$2,546,681
Other Revenue
$8,681
All Other Contributions
$4,200
Change in Net Assets
$-3,569,561
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,050,362
Other Expenses$251,581
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,050,362--$6,050,362
Fees for Service Investment Mgmnt Fees-$108,376-$108,376
Fees for Services Legal$4,223$95,851-$100,074
Fees for Services Accounting-$24,560-$24,560
Insurance-$4,700-$4,700
Other Expenses$5,000$1,398-$1,398
All Other Expenses-$616-$616
Total Functional Expenses$6,059,585$242,358$0$6,301,943
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Intermountain FoundationSalt Lake City, UT501c3Support Charity Org$2,234,364
More Good FoundationOrem, UT501c3Support Charity Org$1,000,000
B H Roberts FoundationHolladay, UT501c3Support Charity Org$527,416
Rods HeroesLehi, UT501c3Support Charity Org$256,000
Huntsman Cancer FoundationSalt Lake City, UT501c3Support Charity Org$252,500
Red Butte GardenSalt Lake City, UT501c3Support Charity Org$250,000
Bishop Ward High SchoolKansas City, KS501c3Support Charity Org$200,000
Lds ChurchSalt Lake City, UT501c3Support Charity Org$125,000
Fidelity Donor Advised FundBoston, MA501c3Support Charity Org$50,000
Leadership Educational AchievementSmithfield, UT501c3Support Charity Org$45,833
Huntsman Cancer FoundationSalt Lake City, UT501c3Support Charity Org$25,000
North Logan CityNorth Logan, UT501c3Support Charity Org$12,151
CHILDREN'S CANCER FUND OF DALLAS INDallas, TX501c3Support Charity Org$10,000
Charityvision International IncProvo, UT501c3Support Charity Org$10,000
Davis Education FoundationFarmington, UT501c3Support Charity Org$10,000
Faith Matters FoundationMeridian, ID501c3Support Charity Org$10,000
Humanitarian Experience IncProvo, UT501c3Support Charity Org$7,700
Community Action ServicesProvo, UT501c3Support Charity Org$7,000
Padma OrganizationPark City, UT501c3Support Charity Org$6,308
Granite Education FoundationSalt Lake City, UT501c3Support Charity Org$6,290
Utah Food BankSalt Lake City, UT501c3Support Charity Org$6,000
Lds ChurchSalt Lake City, UT501c3Support Charity Org$5,800
Tifie HumanitarianBluffdale, UT501c3Support Charity Org$5,500
Utah State Junior Livestock ShowSpanish Fork, UT501c3Support Charity Org-
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-OfficersLegal FeesNo$100,074

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$298,388$194,269▼ $104,119
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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 2

L.s. Mccullough, jr. L .stanford mccullough iv trustee trustee grandfather/grandchild

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

The trustees are provided a copy of the form 990 before filing. If there are no further questions or issues discovered, one of the trustees will sign and return the e-file signature form 8879-te to approve e-filing.

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

Every interested party who might have a conflict of interest is required to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. Once these material facts are disclosed, the interested party must leave the meeting while the governing board or committee meeting discuss and vote on whether a conflict of interest exists. If an interested party fails to disclose that there might possibly be a conflict of interest, he/she is allowed to explain why they failed to disclose. Once he/she explains their failure to disclose a possible conflict of interest, the governing board or committee then determines if the member has failed to disclose an actual or possible conflict of interest. It shall then take appropriate disciplinary and corrective action.

Form 990, Page 6, Part VI, Line 19

All required written documents are available upon request.

Filing and Contact Details

Filer

Filer Name
The Pi Foundation Inc
EIN
35-2191048
Phone
8015307400
Address
405 S MAIN STE 800, SALT LAKE CITY, UT 84111
Doing Business As
The Pi Fund

Signing Officer

Name
Gregory C Zaugg
Title
VP/treasurer
Phone
8015307308
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory C Zaugg
Formed
2002
Legal Domicile
Ut
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Wolff & Company
Address
6465 SOUTH 3000 EAST SUITE 204, SALT LAKE CITY, UT 84121
Preparer
Alan Graf CPA
Phone
8016959533
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

THE PI FUND

FORM 990 - ORGANIZATION'S MISSION

The pi foundation's mission is to support, encourage, and foster charitable giving. The foundation does this through education, resources, and donor advised funds. The foundation financially supports a wide range of local and national organizations.

Form 990, Part XI, Line 9

Book-tax differences -167,819 pass through book-tax differences -241 total -168,060

Raw XML AppendixShowing 400 of 604 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AllOtherContributionsAmt04200
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IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04200
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IRS990/DescribedInSection501c3Ind0true
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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