Civic Intelligence

Equality Utah Foundation

990 • Fiscal year 2023 • EIN 84-1633004

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

350 E 400 S 305Salt Lake City, UT 84111

(801) 355-3479

Siviq Scores

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

Liabilities / Assets

48th percentile

0.05x

Higher debt load relative to assets than 48% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

48th percentile

0.08x

Higher debt load relative to revenue than 48% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

7th percentile

-51%

Higher net margin than 7% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

88th percentile

$185,000

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

5th percentile

-28%

Faster asset growth than 5% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

11th percentile

-34%

Faster revenue growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,374,353

Down $536,700 (-28%) from 2022

Net Assets

Down

$1,300,116

Down $283,862 (-18%) from 2022

Liabilities

Down

$74,237

Down $252,838 (-77%) from 2022

Revenue

Down

$969,543

Down $506,424 (-34%) from 2022

Expenses

Up

$1,462,483

Up $280,839 (+24%) from 2022

Net Income

Down

-$492,940

Down $787,263 (-267%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $134,222Liabilities 2010: $0Net Assets 2010: $134,2222010Assets 2011: $180,336Liabilities 2011: $0Net Assets 2011: $180,3362011Assets 2012: $176,619Liabilities 2012: $0Net Assets 2012: $176,6192012Assets 2013: $229,127Liabilities 2013: $6,644Net Assets 2013: $222,4832013Assets 2014: $244,047Liabilities 2014: $77,427Net Assets 2014: $166,6202014Assets 2015: $1,127,047Liabilities 2015: $32,036Net Assets 2015: $1,095,0112015Assets 2016: $1,021,771Liabilities 2016: $77,983Net Assets 2016: $943,7882016Assets 2017: $880,065Liabilities 2017: $33,823Net Assets 2017: $846,2422017Assets 2018: $818,408Liabilities 2018: $92,621Net Assets 2018: $725,7872018Assets 2019: $935,736Liabilities 2019: $217,754Net Assets 2019: $717,9822019Assets 2020: $991,987Liabilities 2020: $192,371Net Assets 2020: $799,6162020Assets 2021: $1,604,896Liabilities 2021: $297,575Net Assets 2021: $1,307,3212021Assets 2022: $1,911,053Liabilities 2022: $327,075Net Assets 2022: $1,583,9782022Assets 2023: $1,374,353Liabilities 2023: $74,237Net Assets 2023: $1,300,1162023Assets 2024: $1,324,360Liabilities 2024: $33,010Net Assets 2024: $1,291,3502024

Highlighted filing

2023

Assets$1,374,353
Liabilities$74,237
Net Assets$1,300,116

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $191,9682010Revenue 2011: $340,440Expenses 2011: $294,326Net Income 2011: $46,1142011Expenses 2012: $294,6282012Revenue 2013: $339,939Expenses 2013: $294,075Net Income 2013: $45,8642013Revenue 2014: $498,805Expenses 2014: $554,669Net Income 2014: -$55,8642014Revenue 2015: $1,206,553Expenses 2015: $254,035Net Income 2015: $952,5182015Revenue 2016: $338,663Expenses 2016: $489,886Net Income 2016: -$151,2232016Revenue 2017: $396,346Expenses 2017: $493,892Net Income 2017: -$97,5462017Revenue 2018: $390,944Expenses 2018: $511,399Net Income 2018: -$120,4552018Revenue 2019: $553,450Expenses 2019: $561,255Net Income 2019: -$7,8052019Revenue 2020: $677,592Expenses 2020: $595,958Net Income 2020: $81,6342020Revenue 2021: $1,245,799Expenses 2021: $738,094Net Income 2021: $507,7052021Revenue 2022: $1,475,967Expenses 2022: $1,181,644Net Income 2022: $294,3232022Revenue 2023: $969,543Expenses 2023: $1,462,483Net Income 2023: -$492,9402023Revenue 2024: $1,090,324Expenses 2024: $1,237,525Net Income 2024: -$147,2012024

Highlighted filing

2023

Revenue$969,543
Expenses$1,462,483
Net Income-$492,940
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$1,114,736
Mission and Program Overview

Mission

To secure equal rights and protections for lgbtq utahns and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,490,616$1,222,877▼ $267,739
Cash and Non-Interest-Bearing Accounts$142,236$61,081▼ $81,155
Accounts Receivable$273,078$41,831▼ $231,247
Land, Buildings, and Equipment, Net$4,724$3,665▼ $1,059
Savings and Temporary Cash Investments$399$399→ $0
Total Assets$1,911,053$1,374,353▼ $536,700
Other Assets Total-$44,500-
Liabilities
Accounts Payable and Accrued Expenses$301,575$61,237▼ $240,338
Deferred Revenue$25,500$13,000▼ $12,500
Total Liabilities$327,075$74,237▼ $252,838
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,172,262$903,688▼ $268,574
Net Assets With Donor Restrictions$411,716$396,428▼ $15,288
Total Net Assets Fund Balance$1,583,978$1,300,116▼ $283,862
Total Liabilities and Net Assets / Fund Balance$1,911,053$1,374,353▼ $536,700

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,665$1,632$5,297
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Troy WilliamsExecutive DiPT$140,000$45,000$185,000
Troy WilliamsExecutive Director-$140,000-$140,000

Board Members and Trustees

NameTitle
Jason OlsenChair
Cole AdamsBoard Member
David ParkinsonBoard Member
Eli MccannBoard Member
Gabe UrzuaBoard Member
Guru PrasadBoard Member
Joshua DavidsonBoard Member
Katelin RobertsBoard Member
Lindsay HendersonBoard Member
Paul BurkeBoard Member
Ryan KellyBoard Member
Siddharth KapoorBoard Member
Sunny WashingtonBoard Member
Susan Williams KeeshinBoard Member
Michelle CoriglianoSecretary
Christian LundbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$890,191
Program Service Revenue
$216,750
Investment Income
$0
Other Revenue
$-137,398
All Other Contributions
$654,878
Change in Net Assets
$-492,940
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$750,812
Other Expenses$502,421
Grants and Similar Amounts Paid$209,250
Total Fundraising Expense$60,773
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$378,677$109,957$13,581$502,215
Grants to Domestic Individuals$209,250--$209,250
Current Officers, Directors, Trustees, and Key Employees$105,000$30,800$4,200$140,000
Fees for Services Other$74,543$17,415$23,010$114,968
Office Expenses$45,265$19,225$10,773$75,263
Advertising$63,859$3,097$2,657$69,613
Other Employee Benefits$46,240$12,859$1,335$60,434
Occupancy$48,363$6,057$771$55,191
Payroll Taxes$36,922$9,881$1,360$48,163
Travel$45,612$1,072$282$46,966
Fees for Services Accounting-$45,198-$45,198
Information Technology$28,643$4,053$138$32,834
Other Expenses$1,975$1,358$36$3,369
Insurance-$2,644-$2,644
Depreciation Depletion$1,059--$1,059
All Other Expenses$901--$901
Total Functional Expenses$1,131,256$270,454$60,773$1,462,483
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$145,193
Fundraising Gross Income$7,795
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Allies Dinner$243,108$7,795$22,090$-14,295
Total Events$243,108$7,795$145,193$-137,398
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
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
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 form 990 is prepared by a cpa firm. It is reviewed for completeness and accuracy by the organization's contract cfo, the executive director, and the finance committee. A copy of the return is also provided to the full board of directors prior to filing.

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

The organization's conflict of interest policy is reviewed annually with board members and management. In addition, the conflict of interest policy is reviewed with new board members and before any large transactions are entered into or significant decisions are made. The organization requires that all board members and management annually disclose any potential conflicts of interest. When potential conflicts of interest are disclosed, the executive committee is responsible for reviewing those conflicts and determining the appropriate action to be taken, such as a recusal from discussion and voting on issues related to the conflict.

Form 990, Page 6, Part VI, Line 15A

In determining the executive director's compensation, the organization uses a committee consisting of individuals who are independent from the executive director. The organization relies on comparablility data, such as salary surveys and similar data, to establish a reasonable level of compensation based on the position, size of the organization, and region. The deliberation and determination of compensation is contemporaneously documented.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the publice upon written request to the organization's offices.

Filing and Contact Details

Filer

Filer Name
Equality Utah Foundation
EIN
84-1633004
Phone
8013553479
Address
350 E 400 S 305, SALT LAKE CITY, UT 84111

Signing Officer

Name
Troy Williams
Title
Executive Director
Phone
8013553479
Signed
2024-11-15

Organization Details

Principal Officer
Troy Williams
Formed
2004
Legal Domicile
Ut
Voting Board Members
17
Independent Board Members
17
Employees
8
Volunteers
75

Preparer

Firm
Mellor & Associates Pllc
Address
668 E 12225 S STE 104, DRAPER, UT 84020
Preparer
Justin Mellor
Phone
8017500605
Supplemental Narrative

Additional Explanations

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

Our ambassador program trains lgbtq students in effective advocacy, how to conduct voter registration drives, and how to build bridges with people who see the world differently. In february, we will bring these students to the capitol for our legislative summit. We are giving them the tools they need to have a positive impact on their campus. We provided 10 students on campuses across the state with this opportunity in 2023. We have been fortunate to help support 56 lgbtq college students with their academic success by providing both scholarships and mentorships. It's our way of assisting young people to see the potential they have inside themselves to grow and achieve great things. We work in partnership with goldman sachs and bridge investment group to provide these students with mentors from our community. Mentors aim to guide students in developing the skills they need for professional success. We have observed significant progress in their interest in learning and willingness to engage with new ideas. We've also incorporated well-being, mental health, and mindfulness into our program.

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

The organization works to eliminate prejudice and discrimination and to defend human and civial rights of lesbian, gay, bisexual, and transgender (lgbtq)utahns. The organization raised awareness of quality issues through speaking engagements and other programs.

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IRS990/ProgSrvcAccomActy2Grp/Desc0EQUALITY UTAH IS THE STATE'S PREMIER LGBTQ+ ADVOCACY ORGANIZATION. OUR BEL PROGRAM SPECIALIZES IN EDUCATION THAT CREATES BELONGING IN THE WORKPLACE. WE MEET PEOPLE WHERE THEY ARE, BUILD ON SHARED VALUES, AND PROVIDE ACTIONABLE TOOLS TO IMPROVE WORKPLACE CULTURE AND UNDERSTANDING. ULTIMATELY, WE CONNECT PEOPLE TO THEIR COMPANY'S CORE VALUES AND SHOW THEM THAT THEY ARE NOT THE PROBLEM; THEY ARE THE SOLUTION 42 TRAININGS WERE COMPLETED IN 2023 WITH 3,338 PROFESSIONALS WERE IN ATTENDANCE.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.32$0.03$1.29$1.09$1.24$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.37$0.07$1.30$0.97$1.46$0.49
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.33$1.58$1.48$1.18$0.29
2021Detailed filing. Detailed filing data is available for this year.$1.60$0.30$1.31$1.25$0.74$0.51
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.19$0.80$0.68$0.60$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.94$0.22$0.72$0.55$0.56$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.09$0.73$0.39$0.51$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.03$0.85$0.40$0.49$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.02$0.08$0.94$0.34$0.49$0.15
2015Detailed filing. Detailed filing data is available for this year.$1.13$0.03$1.10$1.21$0.25$0.95
2014Detailed filing. Detailed filing data is available for this year.$0.24$0.08$0.17$0.50$0.55$0.06
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.01$0.22$0.34$0.29$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.29
2011Summary only. Only limited summary data is available for this year.$0.18$0.00$0.18$0.34$0.29$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.00$0.13$0.19