Civic Intelligence

Carden Memorial Foundation

990 • Fiscal year 2020 • EIN 81-4396375

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 23, 2021

1452 East 2700 SouthSalt Lake City, UT 84106

(801) 661-2791

Siviq Scores

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

Liabilities / Assets

85th percentile

0.61x

Higher debt load relative to assets than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.74x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

65th percentile

$91,200

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

81st percentile

34%

Faster asset growth than 81% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

73rd percentile

18%

Faster revenue growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,195,439

Up $1,068,912 (+34%) from 2019

Net Assets

Up

$1,641,333

Up $945,784 (+136%) from 2019

Liabilities

Up

$2,554,106

Up $123,128 (+5.1%) from 2019

Revenue

Up

$3,447,974

Up $521,048 (+18%) from 2019

Expenses

Up

$2,502,190

Up $270,813 (+12%) from 2019

Net Income

Up

$945,784

Up $250,235 (+36%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2017: $10,500Liabilities 2017: $0Net Assets 2017: $10,5002017Assets 2019: $3,126,527Liabilities 2019: $2,430,978Net Assets 2019: $695,5492019Assets 2020: $4,195,439Liabilities 2020: $2,554,106Net Assets 2020: $1,641,3332020Assets 2021: $4,169,301Liabilities 2021: $2,461,180Net Assets 2021: $1,708,1212021Assets 2022: $4,214,343Liabilities 2022: $1,999,179Net Assets 2022: $2,215,1642022Assets 2023: $4,912,039Liabilities 2023: $1,854,775Net Assets 2023: $3,057,2642023Assets 2024: $5,592,009Liabilities 2024: $1,651,918Net Assets 2024: $3,940,0912024Assets 2025: $6,625,111Liabilities 2025: $3,388,313Net Assets 2025: $3,236,7982025

Highlighted filing

2020

Assets$4,195,439
Liabilities$2,554,106
Net Assets$1,641,333

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2017: $10,500Expenses 2017: $0Net Income 2017: $10,5002017Revenue 2019: $2,926,926Expenses 2019: $2,231,377Net Income 2019: $695,5492019Revenue 2020: $3,447,974Expenses 2020: $2,502,190Net Income 2020: $945,7842020Revenue 2021: $3,821,676Expenses 2021: $2,737,282Net Income 2021: $1,084,3942021Revenue 2022: $3,451,718Expenses 2022: $2,944,675Net Income 2022: $507,0432022Revenue 2023: $4,002,242Expenses 2023: $3,160,142Net Income 2023: $842,1002023Revenue 2024: $4,351,282Expenses 2024: $3,468,455Net Income 2024: $882,8272024Revenue 2025: $3,994,581Expenses 2025: $3,471,223Net Income 2025: $523,3582025

Highlighted filing

2020

Revenue$3,447,974
Expenses$2,502,190
Net Income$945,784
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 23, 2021
Return Version
2020v4.0
Gross Receipts
$3,447,974
Mission and Program Overview

Mission

Carden is a Classical, non-denominational Christian school that educates children pre-k through 8th grade. Carden also trains and educates teachers using the Carden methods, Classical materials, and training that supports patriotism and character development. Cardens mission is to help children find joy by improving the mind, developing the heart, and lifting others.

Carden memorial foundation (cmf) operates an elementary school for pre-kindergarten through grade eight students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,074,662$2,688,758▲ $614,096
Loans From Officers Directors$2,247,762$2,131,557▼ $116,205
Rtn Earn Endowment Incm Other Fnds$695,549$1,641,333▲ $945,784
Intangible Assets$1,017,606$1,017,606→ $0
Land, Buildings, and Equipment, Net$17,909$471,725▲ $453,816
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,126,527$4,195,439▲ $1,068,912
Other Assets Total$16,350$17,350▲ $1,000
Liabilities
Unsecured Notes Loans Payable-$335,100-
Other Liabilities$183,216$87,449▼ $95,767
Total Liabilities$2,430,978$2,554,106▲ $123,128
Net Assets / Fund Balance
Total Net Assets Fund Balance$695,549$1,641,333▲ $945,784
Total Liabilities and Net Assets / Fund Balance$3,126,527$4,195,439▲ $1,068,912

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$445,044$147,021$592,065
Equipment$26,681$498,743$525,424
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michelle GoodwinSecretaryFT$91,200$91,200
Laura BrownPresidentFT$75,700$75,700

Board Members and Trustees

NameTitle
Amy JordanTrustee
Peter GilesTrustee
Scott GustafsonTrustee
Wade BudgeTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$662,770
Program Service Revenue
$2,736,845
Investment Income
$1,899
Other Revenue
$46,460
All Other Contributions
$364,348
Change in Net Assets
$945,784
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,945,513
Other Expenses$556,677
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,438,523--$1,438,523
Current Officers, Directors, Trustees, and Key Employees$166,900--$166,900
Other Employee Benefits$163,098--$163,098
Payroll Taxes$131,648--$131,648
Interest-$87,795-$87,795
Occupancy$59,588--$59,588
Fees for Services Accounting$56,027--$56,027
Pension Plan Contributions$45,344--$45,344
Office Expenses$19,000$10-$19,010
All Other Expenses$18,143$588-$18,731
Insurance$11,892--$11,892
Other Expenses$5,550--$5,550
Depreciation Depletion$4,331--$4,331
Advertising$2,515--$2,515
Fees for Services Other-$114-$114
Total Functional Expenses$2,413,683$88,507$0$2,502,190
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$46,460
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various Small Events$46,460$46,460-$46,460
Total Events$46,460$46,460-$46,460
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$2,247,762$2,131,557▼ $116,205
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$87,449
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Director and Head of School are members of the governing body.

Form 990, Part VI, Line 11B: Form 990 Review Process

Governing body provided a copy of the 990 to review and approve before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Governing body members are asked to disclose any conflicts annually and statements are reviewed by other members of the governing body.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Governing body reviews and approves compensation for officers.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Financial information and form 990 are made available upon request.

Filing and Contact Details

Filer

Filer Name
Carden Memorial Foundation
EIN
81-4396375
Phone
8016612791
Address
1452 EAST 2700 SOUTH, SALT LAKE CITY, UT 84106

Signing Officer

Name
Laura Brown
Title
Executive Director
Signed
2021-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Brown
Formed
2016
Legal Domicile
Ut
Voting Board Members
6
Independent Board Members
4
Employees
57

Preparer

Firm
Huber Erickson & Bowman LLC
Address
375 South 300 West, Salt Lake City, UT 84101
Preparer
Chesley H Erickson
Phone
8013285000
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IRS990/ProgSrvcAccomActy3Grp/Desc0Carden Memorial Foundation (DBA Carden Memorial School) educates children PK-8th grade) with the Carden philosophy, non-denominational Christian training using a classical and traditional curriculum.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt014827
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0715092
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02390
IRS990/PYInvestmentIncomeAmt0697
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0686230
IRS990/PYOtherRevenueAmt06610
IRS990/PYProgramServiceRevenueAmt02204527
IRS990/PYRevenuesLessExpensesAmt0695549
IRS990/PYSalariesCompEmpBnftPaidAmt01542757
IRS990/PYTotalExpensesAmt02231377
IRS990/PYTotalRevenueAmt02926926
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0945784
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0695549
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01641333
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt026681
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0498743
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0525424
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0445044
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0147021
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0592065
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt087449
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0471725
IRS990ScheduleD/TotalLiabilityAmt087449
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0VARIOUS SMALL EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt046460
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt046460
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt046460
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt046460
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt046460
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Director and Head of School are members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing body provided a copy of the 990 to review and approve before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing body members are asked to disclose any conflicts annually and statements are reviewed by other members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing body reviews and approves compensation for officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Financial information and form 990 are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03126527
IRS990/TotalAssetsEOYAmt04195439
IRS990/TotalAssetsGrp/BOYAmt03126527
IRS990/TotalAssetsGrp/EOYAmt04195439
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0662770
IRS990/TotalEmployeeCnt057
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt088507
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02413683
IRS990/TotalFunctionalExpensesGrp/TotalAmt02502190
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02430978
IRS990/TotalLiabilitiesEOYAmt02554106
IRS990/TotalLiabilitiesGrp/BOYAmt02430978
IRS990/TotalLiabilitiesGrp/EOYAmt02554106
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0695549
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01641333
IRS990/TotalProgramServiceExpensesAmt02413683
IRS990/TotalProgramServiceRevenueAmt02736845
IRS990/TotalReportableCompFromOrgAmt0166900
IRS990/TotalRevenueGrp/ExclusionAmt01899
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02736845
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03447974
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03126527
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04195439
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0335100
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01452 EAST 2700 SOUTH
IRS990/USAddress/CityNm0SALT LAKE CITY
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084106
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAURA BROWN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CARDEN MEMORIAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CARD
ReturnHeader/Filer/EIN0814396375
ReturnHeader/Filer/PhoneNum08016612791
ReturnHeader/Filer/USAddress/AddressLine1Txt01452 EAST 2700 SOUTH

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