Civic Intelligence

Sorenson Impact Foundation

990PF • Fiscal year 2012 • EIN 45-3203840

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 15, 2013

299 S Main Street84111
Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2012 filings • $100M-$250M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

30th percentile

$29,185

Higher top officer pay than 30% of similar nonprofits.

2012 filings • $100M-$250M nonprofits • Source year 2012

Asset Growth

100th percentile

12814960100%

Faster asset growth than 100% of similar nonprofits.

2012 filings • $100M-$250M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$128,149,602

Up $128,149,601 (+12814960100%) from 2011

Net Assets

$128,142,108

No earlier filing loaded for comparison.

Liabilities

Down

$7,494

Down $4,994 (-40%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,523,702

Up $1,511,214 (+12101%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2011: $1Liabilities 2011: $12,4882011Assets 2012: $128,149,602Liabilities 2012: $7,494Net Assets 2012: $128,142,1082012Assets 2013: $138,230,774Liabilities 2013: $20,646Net Assets 2013: $138,210,1282013Assets 2014: $133,070,928Liabilities 2014: $10,515Net Assets 2014: $133,060,4132014Assets 2015: $131,466,770Liabilities 2015: $4,870Net Assets 2015: $131,461,9002015Assets 2016: $132,420,724Liabilities 2016: $12,373Net Assets 2016: $132,408,3512016Assets 2017: $144,695,092Liabilities 2017: $3,100Net Assets 2017: $144,691,9922017Assets 2018: $139,731,704Liabilities 2018: $29,569Net Assets 2018: $139,702,1352018Assets 2019: $154,357,754Liabilities 2019: $2,904Net Assets 2019: $154,354,8502019Assets 2020: $156,657,761Liabilities 2020: $10,157Net Assets 2020: $156,647,6042020Assets 2021: $157,397,407Liabilities 2021: $81,318Net Assets 2021: $157,316,0892021Assets 2022: $142,242,497Liabilities 2022: $49,736Net Assets 2022: $142,192,7612022Assets 2023: $142,073,772Liabilities 2023: $30,430Net Assets 2023: $142,043,3422023Assets 2024: $140,180,609Liabilities 2024: $40,054Net Assets 2024: $140,140,5552024

Highlighted filing

2012

Assets$128,149,602
Liabilities$7,494
Net Assets$128,142,108

Operations Trend

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

$20M$10M$0-$10MRevenue 2011: $0Expenses 2011: $12,488Net Income 2011: -$12,4882011Expenses 2012: $1,523,7022012Revenue 2013: $2,354,333Expenses 2013: $1,901,161Net Income 2013: $453,1722013Revenue 2014: -$4,501,536Expenses 2014: $2,756,932Net Income 2014: -$7,258,4682014Revenue 2015: $4,385,110Expenses 2015: $1,570,169Net Income 2015: $2,814,9412015Revenue 2016: $3,244,884Expenses 2016: $3,681,670Net Income 2016: -$436,7862016Revenue 2017: $3,548,083Expenses 2017: $1,768,518Net Income 2017: $1,779,5652017Revenue 2018: $13,209,959Expenses 2018: $1,780,528Net Income 2018: $11,429,4312018Revenue 2019: $10,002,249Expenses 2019: $1,047,743Net Income 2019: $8,954,5062019Revenue 2020: $8,044,183Expenses 2020: $4,419,966Net Income 2020: $3,624,2172020Revenue 2021: $2,854,934Expenses 2021: $3,852,268Net Income 2021: -$997,3342021Revenue 2022: $2,427,083Expenses 2022: $6,189,659Net Income 2022: -$3,762,5762022Revenue 2023: $2,244,274Expenses 2023: $4,132,028Net Income 2023: -$1,887,7542023Revenue 2024: $4,644,487Expenses 2024: $5,342,680Net Income 2024: -$698,1932024

Highlighted filing

2012

Revenue-
Expenses$1,523,702
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 15, 2013
Return Version
2012v2.0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James Lee SorensonDirectorPT$29,185-$29,185
Luke SorensonDirector-$0--
Krista SorensonDirectorPT$0--
Grants and Assistance

Foundation Grants and Related Investments

TypeRecipientPurposeStatusLocationAmount
Paid Grant-BTS Arts & Leadership PavillionUnivSalt Lake City, UT, US$341,875
Paid Grant-Research for ASL display deviceUnivProvo, UT, US$152,460
Paid Grant-Scholarship programPublicProvo, UT, US$100,000
Paid Grant-Ronald Mcdonald House expansion. Construction costsPublicSalt Lake City, UT, US$100,000
Paid Grant-General supportPublicSalt Lake City, UT, US$100,000
Paid Grant-BTS Arts EndowmentUnivProvo, UT, US$87,500
Paid Grant-Race for Innovation ProgramPublicSalt Lake City, UT, US$50,000
Paid Grant-Herriman recreation centerGovtSalt Lake City, UT, US$31,250
Paid Grant-Funding for piano department/fine artsUnivLogan, UT, US$21,438
Paid Grant-JA City - Whole School ProgramPublicSalt Lake City, UT, US$12,500
Paid Grant-Gandhi statue campaignPublicSalt Lake City, UT, US$5,000
Filing and Contact Details

Filer

EIN
45-3203840
Raw XML AppendixShowing 400 of 1,430 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.

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AccountingFeesSchedule/AccountingFees/Amount026169
AccountingFeesSchedule/AccountingFees/Category0Accounting & Tax
AccountingFeesSchedule/AccountingFees/DisbursementsCharitablePrps00
AccountingFeesSchedule/AccountingFees/NetInvestmentIncome00
ContractorCompensationExpln/ContractorCompExplanation/ContractorNameBusiness/BusinessNameLine10Ray Quinney & Nebeker
ContractorCompensationExpln/ContractorCompExplanation/ContractorNameBusiness/BusinessNameLine11Merrill Lynch
GeneralExplanationAttachment/GeneralExplanation/Explanation0The 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
GeneralExplanationAttachment/GeneralExplanation/Explanation1Part VII-A, Line 11Controlled Entity:Sorenson Media, Inc.13961 Minuteman Drive, Suite 100Draper, Utah 84020EIN: 76-0793370
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$140$0.04$140$4.64$5.34$0.70
2023Detailed filing. Detailed filing data is available for this year.$142$0.03$142$2.24$4.13$1.89
2022Detailed filing. Detailed filing data is available for this year.$142$0.05$142$2.43$6.19$3.76
2021Detailed filing. Detailed filing data is available for this year.$157$0.08$157$2.85$3.85$1.00
2020Detailed filing. Detailed filing data is available for this year.$157$0.01$157$8.04$4.42$3.62
2019Detailed filing. Detailed filing data is available for this year.$154$0.00$154$10.0$1.05$8.95
2018Detailed filing. Detailed filing data is available for this year.$140$0.03$140$13.2$1.78$11.4
2017Detailed filing. Detailed filing data is available for this year.$145$0.00$145$3.55$1.77$1.78
2016Detailed filing. Detailed filing data is available for this year.$132$0.01$132$3.24$3.68$0.44
2015Detailed filing. Detailed filing data is available for this year.$131$0.00$131$4.39$1.57$2.81
2014Detailed filing. Detailed filing data is available for this year.$133$0.01$133$4.50$2.76$7.26
2013Detailed filing. Detailed filing data is available for this year.$138$0.02$138$2.35$1.90$0.45
2012Detailed filing. Detailed filing data is available for this year.$128$0.01$128$1.52
2011Summary only. Only limited summary data is available for this year.$0.00$0.01$0.00$0.01$0.01