Civic Intelligence

The Utah Journalism Foundation

990 • Fiscal year 2020 • EIN 83-4397253

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

90 S 400 West Suite 700Salt Lake City, UT 84101

(801) 257-8787

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

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

Liabilities / Revenue

15th percentile

0.00x

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

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

Net Margin

88th percentile

43%

Higher net margin than 88% of similar nonprofits.

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

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

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

Asset Growth

93rd percentile

109%

Faster asset growth than 93% of similar nonprofits.

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

Revenue Growth

89th percentile

62%

Faster revenue growth than 89% of similar nonprofits.

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

Assets

Up

$4,533,829

Up $2,360,682 (+109%) from 2019

Net Assets

Up

$4,533,829

Up $2,360,682 (+109%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$3,458,166

Up $1,322,504 (+62%) from 2019

Expenses

Up

$1,982,862

Up $1,975,640 (+27356%) from 2019

Net Income

Down

$1,475,304

Down $653,136 (-31%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2019: $2,173,147Liabilities 2019: $0Net Assets 2019: $2,173,1472019Assets 2020: $4,533,829Liabilities 2020: $0Net Assets 2020: $4,533,8292020Assets 2021: $5,220,699Liabilities 2021: $0Net Assets 2021: $5,220,6992021Assets 2022: $4,160,500Liabilities 2022: $0Net Assets 2022: $4,160,5002022Assets 2023: $4,190,724Liabilities 2023: $0Net Assets 2023: $4,190,7242023Assets 2024: $4,399,553Liabilities 2024: $0Net Assets 2024: $4,399,5532024

Highlighted filing

2020

Assets$4,533,829
Liabilities$0
Net Assets$4,533,829

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2019: $2,135,662Expenses 2019: $7,222Net Income 2019: $2,128,4402019Revenue 2020: $3,458,166Expenses 2020: $1,982,862Net Income 2020: $1,475,3042020Revenue 2021: $475,439Expenses 2021: $46,940Net Income 2021: $428,4992021Revenue 2022: $234,985Expenses 2022: $222,482Net Income 2022: $12,5032022Revenue 2023: $209,568Expenses 2023: $179,344Net Income 2023: $30,2242023Revenue 2024: $432,141Expenses 2024: $223,312Net Income 2024: $208,8292024

Highlighted filing

2020

Revenue$3,458,166
Expenses$1,982,862
Net Income$1,475,304
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.0
Gross Receipts
$3,760,890
Mission and Program Overview

Mission

To ensure that the people of Utah continue to be informed, engaged, and empowered by local, indepedent watchdog journalism.

To ensure that the people of utah continue to be informed, engaged, and empowered by local, independent watchdog journalism.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,972,990$4,445,712▲ $2,472,722
Cash and Non-Interest-Bearing Accounts$183,124$88,117▼ $95,007
Accounts Receivable$17,033--
Total Assets$2,173,147$4,533,829▲ $2,360,682
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,173,147$4,533,829▲ $2,360,682
Total Net Assets Fund Balance$2,173,147$4,533,829▲ $2,360,682
Total Liabilities and Net Assets / Fund Balance$2,173,147$4,533,829▲ $2,360,682
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul C HuntsmanPresident
Fred EsplinSecretary
Linda DainesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,339,890
Program Service Revenue
$0
Investment Income
$118,276
Other Revenue
$0
All Other Contributions
$3,339,890
Change in Net Assets
$1,475,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,880,132
Other Expenses$102,730
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,880,132--$1,880,132
Fees for Services Other$60,950$2,000-$62,950
Fees for Service Investment Mgmnt Fees-$29,309-$29,309
Insurance-$6,079-$6,079
Fees for Services Legal-$2,159-$2,159
Occupancy-$200-$200
Other Expenses-$49-$49
Travel-$12-$12
Total Functional Expenses$1,941,082$41,780$0$1,982,862
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Salt Lake TribuneSalt Lake City, UT501c3Support Journalism$1,880,132
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
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 11B

The board meets together and reviews the return before it is filed.

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

The organization has set guidleines for compliance with the conflict of interest policy. It is expected that the board members will follow the guidelines. If there is a change and a board member is in conflict, they are required to notify the board so proper action can be taken. If no one reports any changes, it is assumed there are no conflicts of interest.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public on the organization's website.

Filing and Contact Details

Filer

Filer Name
The Utah Journalism Foundation
EIN
83-4397253
Phone
8012578787
Address
90 S 400 WEST SUITE 700, SALT LAKE CITY, UT 84101

Signing Officer

Name
Paul C Huntsman
Title
President
Phone
8012578787
Signed
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul C Huntsman
Formed
2019
Legal Domicile
Ut
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Wsrp LLC
Address
155 N 400 W STE 400, SALT LAKE CITY, UT 84103
Preparer
Scott a Czaja CPA
Phone
8013282011
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

The utah journalism foundation identifies and provides grants to nonprofit organizations and projects which strengthen the capacity of independent local news organizations to reach broad, diverse audiences. Our grantmaking will begin when the endowment reaches 20 million. Through grants, the foundation will identify and support: editorial projects which inform the residents of utah of critical issues they would not otherwise be aware of; the production of content that would not otherwise generate sufficient revenues from traditional sources such as advertising and subscriptions to justify its production, yet provides great benefit to society; the long-term sustainability of the states flagship daily, the salt lake tribune; efforts to identify and support the next generation of journalists, especially those from diverse and underrepresented communities, through scholarships; and community engagement and education efforts of local news organizations, especially those targeting the diverse residents and regions of utah. In all that we do, the utah journalism foundation endeavors to ensure that independent and local journalism survives and thrives at a time when our society and democracy need it most.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE UTAH JOURNALISM FOUNDATION IDENTIFIES AND PROVIDES GRANTS TO NONPROFIT ORGANIZATIONS AND PROJECTS WHICH STRENGTHEN THE CAPACITY OF INDEPENDENT LOCAL NEWS ORGANIZATIONS TO REACH BROAD, DIVERSE AUDIENCES. OUR GRANTMAKING WILL BEGIN WHEN THE ENDOWMENT REACHES 20 MILLION. THROUGH GRANTS, THE FOUNDATION WILL IDENTIFY AND SUPPORT: EDITORIAL PROJECTS WHICH INFORM THE RESIDENTS OF UTAH OF CRITICAL ISSUES THEY WOULD NOT OTHERWISE BE AWARE OF; THE PRODUCTION OF CONTENT THAT WOULD NOT OTHERWISE GENERATE SUFFICIENT REVENUES FROM TRADITIONAL SOURCES SUCH AS ADVERTISING AND SUBSCRIPTIONS TO JUSTIFY ITS PRODUCTION, YET PROVIDES GREAT BENEFIT TO SOCIETY; THE LONG-TERM SUSTAINABILITY OF THE STATES FLAGSHIP DAILY, THE SALT LAKE TRIBUNE; EFFORTS TO IDENTIFY AND SUPPORT THE NEXT GENERATION OF JOURNALISTS, ESPECIALLY THOSE FROM DIVERSE AND UNDERREPRESENTED COMMUNITIES, THROUGH SCHOLARSHIPS; AND COMMUNITY ENGAGEMENT AND EDUCATION EFFORTS OF LOCAL NEWS ORGANIZATIONS, ESPECIALLY THOSE TARGETING THE DIVERSE RESIDENTS AND REGIONS OF UTAH. IN ALL THAT WE DO, THE UTAH JOURNALISM FOUNDATION ENDEAVORS TO ENSURE THAT INDEPENDENT AND LOCAL JOURNALISM SURVIVES AND THRIVES AT A TIME WHEN OUR SOCIETY AND DEMOCRACY NEED IT MOST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEETS TOGETHER AND REVIEWS THE RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS SET GUIDLEINES FOR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. IT IS EXPECTED THAT THE BOARD MEMBERS WILL FOLLOW THE GUIDELINES. IF THERE IS A CHANGE AND A BOARD MEMBER IS IN CONFLICT, THEY ARE REQUIRED TO NOTIFY THE BOARD SO PROPER ACTION CAN BE TAKEN. IF NO ONE REPORTS ANY CHANGES, IT IS ASSUMED THERE ARE NO CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE.
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt090 S 400 WEST SUITE 700
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SALT LAKE CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0UT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd084101
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01880132
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SALT LAKE TRIBUNE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalAssetsBOYAmt02173147
IRS990/TotalAssetsEOYAmt04533829
IRS990/TotalAssetsGrp/BOYAmt02173147
IRS990/TotalAssetsGrp/EOYAmt04533829
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03339890
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt041780
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01941082
IRS990/TotalFunctionalExpensesGrp/TotalAmt01982862
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02173147
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04533829
IRS990/TotalProgramServiceExpensesAmt01941082
IRS990/TotalRevenueGrp/ExclusionAmt0118276
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03458166
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02173147
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04533829
IRS990/TravelGrp/ManagementAndGeneralAmt012
IRS990/TravelGrp/TotalAmt012
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/USAddress/CityNm0SALT LAKE CITY
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IRS990/USAddress/ZIPCd084101
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0UTAHJOURNALISM.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL C HUNTSMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08012578787
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE UTAH JOURNALISM FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0UTAH
ReturnHeader/Filer/EIN0834397253
ReturnHeader/Filer/PhoneNum08012578787
ReturnHeader/Filer/USAddress/AddressLine1Txt090 S 400 WEST SUITE 700
ReturnHeader/Filer/USAddress/CityNm0SALT LAKE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084101
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870517754
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WSRP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0155 N 400 W STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALT LAKE CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084103
ReturnHeader/PreparerPersonGrp/PhoneNum08013282011
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT A CZAJA CPA
ReturnHeader/ReturnTs02021-11-15T16:42:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PAUL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HUNTSMAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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