Civic Intelligence

Success in Education Foundation

990 • Fiscal year 2014 • EIN 45-3567196

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 31, 2015

Organization ProfileWWW.SIEUTAH.ORG
405 S Main StreetRoom/Suite 120084111

(801) 257-3414

Siviq Scores

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

Liabilities / Assets

75th percentile

0.43x

Higher debt load relative to assets than 75% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

58th percentile

0.16x

Higher debt load relative to revenue than 58% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

20th percentile

-10%

Higher net margin than 20% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

17th percentile

-6.4%

Faster asset growth than 17% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

56%

Faster revenue growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2014

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$521,277

Down $35,410 (-6.4%) from 2013

Net Assets

Up

$294,920

Up $179,213 (+155%) from 2013

Liabilities

Down

$226,357

Down $214,623 (-49%) from 2013

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin20th percentile

Revenue

$1,391,337

No earlier filing loaded for comparison.

Expenses

Up

$1,534,124

Up $563,084 (+58%) from 2013

Net Income

-$142,787

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $440,816Liabilities 2012: $244,443Net Assets 2012: $196,3732012Assets 2013: $556,687Liabilities 2013: $440,980Net Assets 2013: $115,7072013Assets 2014: $521,277Liabilities 2014: $226,357Net Assets 2014: $294,9202014Assets 2015: $672,484Liabilities 2015: $228,435Net Assets 2015: $444,0492015Assets 2016: $794,435Liabilities 2016: $195,507Net Assets 2016: $598,9282016Assets 2017: $1,674,834Liabilities 2017: $675,078Net Assets 2017: $999,7562017Assets 2018: $1,454,070Liabilities 2018: $397,997Net Assets 2018: $1,056,0732018Assets 2019: $1,719,905Liabilities 2019: $432,696Net Assets 2019: $1,287,2092019Assets 2020: $2,174,463Liabilities 2020: $597,714Net Assets 2020: $1,576,7492020Assets 2021: $7,564,005Liabilities 2021: $747,987Net Assets 2021: $6,816,0182021Assets 2022: $6,961,359Liabilities 2022: $337,062Net Assets 2022: $6,624,2972022Assets 2023: $5,601,782Liabilities 2023: $259,160Net Assets 2023: $5,342,6222023Assets 2024: $5,009,401Liabilities 2024: $335,323Net Assets 2024: $4,674,0782024

Highlighted filing

2014

Assets$521,277
Liabilities$226,357
Net Assets$294,920
Open 2014 Filing

Operations Trend

Revenue Growth89th percentile

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

$10M$5.0M$0-$5.0MRevenue 2012: $572,870Expenses 2012: $376,497Net Income 2012: $196,3732012Expenses 2013: $971,0402013Revenue 2014: $1,391,337Expenses 2014: $1,534,124Net Income 2014: -$142,7872014Revenue 2015: $1,596,656Expenses 2015: $1,447,527Net Income 2015: $149,1292015Revenue 2016: $1,714,819Expenses 2016: $1,559,940Net Income 2016: $154,8792016Revenue 2017: $2,098,469Expenses 2017: $1,697,641Net Income 2017: $400,8282017Revenue 2018: $2,091,149Expenses 2018: $2,034,832Net Income 2018: $56,3172018Revenue 2019: $2,728,613Expenses 2019: $2,470,864Net Income 2019: $257,7492019Revenue 2020: $2,592,136Expenses 2020: $2,465,394Net Income 2020: $126,7422020Revenue 2021: $8,489,669Expenses 2021: $3,250,400Net Income 2021: $5,239,2692021Revenue 2022: $3,601,243Expenses 2022: $3,923,905Net Income 2022: -$322,6622022Revenue 2023: $3,510,674Expenses 2023: $4,792,349Net Income 2023: -$1,281,6752023Revenue 2024: $3,948,717Expenses 2024: $4,617,237Net Income 2024: -$668,5202024

Highlighted filing

2014

Revenue$1,391,337
Expenses$1,534,124
Net Income-$142,787
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 31, 2015
Return Version
2013v4.0
Gross Receipts
$1,514,606
Mission and Program Overview

Mission

Promote excellence in education and help utah students prepare for post- secondary education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$401,197$406,101▲ $4,904
Accounts Receivable$31,240$70,000▲ $38,760
Pledges and Grants Receivable$111,000$39,150▼ $71,850
Prepaid Expenses and Deferred Charges$13,250$496▼ $12,754
Total Assets$556,687$521,277▼ $35,410
Other Assets Total-$5,530-
Liabilities
Deferred Revenue$146,000--
Grants Payable$169,500$138,500▼ $31,000
Accounts Payable and Accrued Expenses$125,480$87,857▼ $37,623
Total Liabilities$440,980$226,357▼ $214,623
Net Assets / Fund Balance
Temporarily Rstr Net Assets$56,750$179,500▲ $122,750
Unrestricted Net Assets$58,957$115,420▲ $56,463
Total Net Assets Fund Balance$115,707$294,920▲ $179,213
Total Liabilities and Net Assets / Fund Balance$556,687$521,277▼ $35,410
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Robert H GarffChairman
Richard L FolkersonPresident/ex
Richard L FolkersonPresident/exec. Director
Chris M ZimmermanBoard Member
James J JardineBoard Member
Jessilie B AndersonBoard Member
Linda MariottiBoard Member
Nolan E KarrasBoard Member
Richard E KendallBoard Member
Lucy AndreSecretary
Howard LoweTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,504,340
Program Service Revenue
$10,100
Investment Income
$166
Other Revenue
$-123,269
All Other Contributions
$1,346,230
Change in Net Assets
$-142,787

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table22,335$556,027Redemption Percentage
Other Non Cash Contri Table5$108,500Cash Value
Total Noncash Contributions22,340$664,527-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,391,337
Revenue Not Reported on Form 990
$80,343
Total Revenue per Audited Statements
$1,471,680
Total Revenue per Form 990
$1,391,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$977,183
Salaries, Compensation, and Employee Benefits$336,441
Grants and Similar Amounts Paid$220,500
Total Fundraising Expense$35,825
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$212,968$52,759$29,897$295,624
Grants to Domestic Individuals$216,500--$216,500
Office Expenses$105,109$6,718$1,823$113,650
Fees for Services Other$42,694$15,145-$57,839
Current Officers, Directors, Trustees, and Key Employees-$40,817-$40,817
Travel$12,029$1,654-$13,683
Grants to Domestic Orgs$4,000--$4,000
Advertising$2,293$444-$2,737
Insurance-$1,845-$1,845
Other Expenses$6,180$969$4,105$969
Total Functional Expenses$1,376,579$121,720$35,825$1,534,124

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,614,467
Expenses per Audited Statements$1,534,124
Total Expenses per Form 990$1,534,124
Expenses Not Reported on Form 990$80,343
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$123,269
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$158,110-$98,030-
Total Events$158,110-$118,708$-118,708
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“Robert garff richard folkerson chairman president father-in-law”

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

“The board members receive copies of the audit report and the form 990. The form 990 is reconciled to the audited financial statements and reviewed by the officers of the foundation.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

EIN
45-3567196
Phone
8012573414

Signing Officer

Name
Richard L Folkerson
Title
President/executive Director
Phone
8012573414
Signed
2015-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard L Folkerson
Formed
2012
Legal Domicile
Ut
Voting Board Members
10
Independent Board Members
9
Employees
0

Preparer

Preparer
Spencer Strickland CPA
Phone
8012691818
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Reclassification of prior yr revenue 322,000”

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation believes it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements.”

Raw XML AppendixShowing 400 of 443 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0125480
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt087857
IRS990/AccountsReceivableGrp/BOYAmt031240
IRS990/AccountsReceivableGrp/EOYAmt070000
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROMOTE EXCELLENCE IN EDUCATION AND HELP UTAH STUDENTS PREPARE FOR POST- SECONDARY EDUCATION.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0444
IRS990/AdvertisingGrp/ProgramServicesAmt02293
IRS990/AdvertisingGrp/TotalAmt02737
IRS990/AllOtherContributionsAmt01346230
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0HOWARD LOWE
IRS990/BooksInCareOfDetail/PhoneNum08012573414
IRS990/BooksInCareOfDetail/USAddress/AddressLine10405 S MAIN STREET STE 1200
IRS990/BooksInCareOfDetail/USAddress/City0SALT LAKE CITY
IRS990/BooksInCareOfDetail/USAddress/State0UT
IRS990/BooksInCareOfDetail/USAddress/ZIPCode084111
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0401197
IRS990/CashNonInterestBearingGrp/EOYAmt0406101
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt040817
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt040817
IRS990/CompensationFromOtherSrcsInd0true
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt0158110
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01504340
IRS990/CYGrantsAndSimilarPaidAmt0220500
IRS990/CYInvestmentIncomeAmt0166
IRS990/CYOtherExpensesAmt0977183
IRS990/CYOtherRevenueAmt0-123269
IRS990/CYProgramServiceRevenueAmt010100
IRS990/CYRevenuesLessExpensesAmt0-142787
IRS990/CYSalariesCompEmpBnftPaidAmt0336441
IRS990/CYTotalExpensesAmt01534124
IRS990/CYTotalFundraisingExpenseAmt035825
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01391337
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DeferredRevenueGrp/BOYAmt0146000
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0ROAD TO SUCCESS: THE GOAL OF THE PROGRAM IS TO PROVIDE INCENTIVES TO HELP STUDENTS ACHIEVE ACADEMIC GOALS, WITH AN EMPHASIS ON READING. THE PROGRAM IS INVOLVED WITH OVER 240 ELEMENTARY SCHOOLS AND MORE THAN 165,000 STUDENTS. THE PROGRAM HELPS TO IMPROVE LITERACY, VOCABULARY, AND COMMUNICATION SKILLS BY ENCOURAGING DAILY AND LIFELONG READING HABITS. THE PROGRAM HAS SUPPLIED THOUSANDS OF BOOKS TO ELEMENTARY SCHOOLS AS WELL AS PROVIDED OVER 960 GRAND PRIZE REWARDS FOR ACHIEVEMENT.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0298908
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt015145
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt042694
IRS990/FeesForServicesOtherGrp/TotalAmt057839
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt73.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt83.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt93.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0RICHARD L FOLKERSON
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT H GARFF
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRIS M ZIMMERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES J JARDINE
IRS990/Form990PartVIISectionAGrp/PersonNm4RICHARD E KENDALL
IRS990/Form990PartVIISectionAGrp/PersonNm5NOLAN E KARRAS
IRS990/Form990PartVIISectionAGrp/PersonNm6LINDA MARIOTTI
IRS990/Form990PartVIISectionAGrp/PersonNm7JESSILIE B ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm8LUCY ANDRE
IRS990/Form990PartVIISectionAGrp/PersonNm9HOWARD LOWE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/EX
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0158110
IRS990/FundraisingDirectExpensesAmt0123269
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantAmt04000
IRS990/GrantsPayableGrp/BOYAmt0169500
IRS990/GrantsPayableGrp/EOYAmt0138500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0216500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0216500
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt04000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt04000
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01514606
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01845
IRS990/InsuranceGrp/TotalAmt01845
IRS990/InvestmentIncomeGrp/ExclusionAmt0166
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0166
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0UT
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTE EXCELLENCE IN EDUCATION AND HELP UTAH STUDENTS PREPARE FOR POST- SECONDARY EDUCATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0115707
IRS990/NetAssetsOrFundBalancesEOYAmt0294920
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-123269
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0664527
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt01823
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06718
IRS990/OfficeExpensesGrp/ProgramServicesAmt0105109
IRS990/OfficeExpensesGrp/TotalAmt0113650
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt05530
IRS990/OtherChangesInNetAssetsAmt0322000
IRS990/OtherExpensesGrp/Desc0PRIZES & AWARDS-STUDENTS
IRS990/OtherExpensesGrp/Desc1ASSEMBLIES
IRS990/OtherExpensesGrp/Desc2MEALS & ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/FundraisingAmt04105
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01369
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1969
IRS990/OtherExpensesGrp/ProgramServicesAmt0755835
IRS990/OtherExpensesGrp/ProgramServicesAmt118971
IRS990/OtherExpensesGrp/ProgramServicesAmt26180
IRS990/OtherExpensesGrp/TotalAmt0755835
IRS990/OtherExpensesGrp/TotalAmt118971
IRS990/OtherExpensesGrp/TotalAmt211654
IRS990/OtherExpensesGrp/TotalAmt3969
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt029897
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt052759
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0212968
IRS990/OtherSalariesAndWagesGrp/TotalAmt0295624
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0111000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt039150
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013250
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0496
IRS990/PrincipalOfficerNm0RICHARD L FOLKERSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MAGICAL ASSEMBLY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07950
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07950
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12150
IRS990/ProgSrvcAccomActy2Grp/Desc0KEYS TO SUCCESS: THE GOAL OF THE PROGRAM IS TO INSPIRE CHANGE IN STUDENTS' LIVES BY MOTIVATING, RECOGNIZING, AND REWARDING THEM FOR THEIR IMPROVEMENTS IN EDUCATIONAL PERFORMANCE. ACADEMIC SCHOLARSHIPS WERE AWARDED TO 202 STUDENTS DURING THE YEAR. THE PROGRAM ALSO SPONSORED 64 ASSEMBLIES, 5 TELEVISION EVENTS, AND 4 PUBLIC SERVICE ANNOUNCEMENTS PROMOTING EDUCATION. THE PROGRAM PROVIDED 64 GRAND PRIZES PLUS 5 OVERALL GRAND PRIZES FOR EXCEPTIONAL ACHIEVEMENT OF EDUCATIONAL RELATED GOALS. OVER 30,000 KEY CARDS, REDEEMABLE FOR PRIZES AND INCENTIVES WERE AWARDED AND REDEEMED. IT IS ESTIMATED THAT HUNDREDS OF THOUSANDS OF HIGH SCHOOL STUDENTS HAVE BENEFITED FROM THIS PROGRAM.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01077671
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0216500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0798293
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0157500
IRS990/PYInvestmentIncomeAmt0130
IRS990/PYOtherExpensesAmt0453707
IRS990/PYOtherRevenueAmt068751
IRS990/PYProgramServiceRevenueAmt023200
IRS990/PYRevenuesLessExpensesAmt0-80666
IRS990/PYSalariesCompEmpBnftPaidAmt0359833
IRS990/PYTotalExpensesAmt0971040
IRS990/PYTotalRevenueAmt0890374
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-142787
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01504340
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0798293
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0561748
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02864381
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0166
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0130
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0296
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0190412
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02324648
IRS990ScheduleA/SubstantialContributorsTotAmt0539733
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01504340
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0798293
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0561748
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02864381
IRS990ScheduleA/TotalSupportAmt02864677
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt080343
IRS990ScheduleD/DonatedServicesUseFcltsAmt080343
IRS990ScheduleD/ExpensesNotReportedAmt080343
IRS990ScheduleD/ExpensesSubtotalAmt01534124
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt080343
IRS990ScheduleD/RevenueSubtotalAmt01391337
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalExpensesPerForm990Amt01534124
IRS990ScheduleD/TotalRevenuePerForm990Amt01391337
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01471680
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01614467
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt015953
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt015953
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0158110
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0158110
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0118708
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt04725
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt04725
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0158110
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0158110
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0FISHING THE GRE
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-118708
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt098030
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt098030
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0108000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0108500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TUITION CREDIT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0203
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECEIVES SCHOLARSHIP MONIES FROM VARIOUS CONTRIBUTORS AND EDUCATIONAL INSTITUTIONS. THESE MONIES ARE HELD AND CONTROLLED BY THE FOUNDATION UNTIL SUCH TIME AS THE SCHOLARSHIP IS AWARDED. WHEN THE SCHOLARSHIPS ARE AWARDED, THE FOUNDATION RECORDS THE SCHOLARSHIP PAYABLE. WHEN ALL THE TERMS HAVE BEEN FULFILLED, THE FOUNDATION RECEIVES DOCUMENTATION FROM THE EDUCATIONAL INSTITUTION THAT THE RECIPIENT HAS REGISTERED FOR CLASSES. PAYMENT IS THEN SENT DIRECTLY TO THE EDUCATIONAL INSTITUTION IN THE NAME OF THE SCHOLARSHIP RECIPIENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICHARD L FOLKERSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/EXEC. DIR
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION FROM UNRELATED COMPENSATION: RICHARD L. FOLKERSON, THE PRESIDENT AND EXECUTIVE DIRECTOR OF THE ORGANIZATION, IS AN EMPLOYEE OF GARFF ENTERPRISES, AN UNRELATED ORGANIZATION. THE ORGANIZATION REIMBURSED GARFF ENTERPRISES 40,817 FOR SERVICES RENDERED ON BEHALF OF MR. FOLKERSON.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART III
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt05
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt122335
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0TUITION CREDITS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1PRIZE VOUCHERS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0CASH VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1REDEMPTION PERCENTAGE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0108500
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt1556027
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROBERT GARFF RICHARD FOLKERSON CHAIRMAN PRESIDENT FATHER-IN-LAW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEMBERS RECEIVE COPIES OF THE AUDIT REPORT AND THE FORM 990. THE FORM 990 IS RECONCILED TO THE AUDITED FINANCIAL STATEMENTS AND REVIEWED BY THE OFFICERS OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RECLASSIFICATION OF PRIOR YR REVENUE 322,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0UT
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt056750
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0179500
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0556687
IRS990/TotalAssetsEOYAmt0521277
IRS990/TotalAssetsGrp/BOYAmt0556687
IRS990/TotalAssetsGrp/EOYAmt0521277
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01504340
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt035825
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0121720
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01376579
IRS990/TotalFunctionalExpensesGrp/TotalAmt01534124
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0440980
IRS990/TotalLiabilitiesEOYAmt0226357
IRS990/TotalLiabilitiesGrp/BOYAmt0440980
IRS990/TotalLiabilitiesGrp/EOYAmt0226357
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0115707
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0294920
IRS990/TotalProgramServiceExpensesAmt01376579
IRS990/TotalProgramServiceRevenueAmt010100
IRS990/TotalRevenueGrp/ExclusionAmt0166
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010100
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01391337
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0556687
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0521277
IRS990/TravelGrp/ManagementAndGeneralAmt01654
IRS990/TravelGrp/ProgramServicesAmt012029
IRS990/TravelGrp/TotalAmt013683
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$521,277
Liabilities
$226,357
Net assets
$294,920
Revenue
$1,391,337
Expenses
$1,534,124
Net income
-$142,787
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.01$0.34$4.67$3.95$4.62$0.67
2023Detailed filing. Detailed filing data is available for this year.$5.60$0.26$5.34$3.51$4.79$1.28
2022Detailed filing. Detailed filing data is available for this year.$6.96$0.34$6.62$3.60$3.92$0.32
2021Detailed filing. Detailed filing data is available for this year.$7.56$0.75$6.82$8.49$3.25$5.24
2020Detailed filing. Detailed filing data is available for this year.$2.17$0.60$1.58$2.59$2.47$0.13
2019Detailed filing. Detailed filing data is available for this year.$1.72$0.43$1.29$2.73$2.47$0.26
2018Detailed filing. Detailed filing data is available for this year.$1.45$0.40$1.06$2.09$2.03$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.67$0.68$1.00$2.10$1.70$0.40
2016Detailed filing. Detailed filing data is available for this year.$0.79$0.20$0.60$1.71$1.56$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.67$0.23$0.44$1.60$1.45$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.52$0.23$0.29$1.39$1.53$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.44$0.12$0.97
2012Summary only. Only limited summary data is available for this year.$0.44$0.24$0.20$0.57$0.38$0.20