Civic Intelligence

Utah Foundation

990 • Fiscal year 2013 • EIN 87-0199245

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 16, 2014

10 West Broadway Suite 30784101-2075

(801) 355-1400

Siviq Scores

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

Liabilities / Assets

69th percentile

0.04x

Higher debt load relative to assets than 69% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

66th percentile

0.02x

Higher debt load relative to revenue than 66% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

55th percentile

5.1%

Higher net margin than 55% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

100th percentile

$155,390

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 40.5% of source-year revenue.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

64th percentile

11%

Faster asset growth than 64% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

66th percentile

13%

Faster revenue growth than 66% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2013

Assets

Up

$140,412

Up $14,145 (+11%) from 2012

Net Assets

Up

$134,191

Up $19,369 (+17%) from 2012

Liabilities

Down

$6,221

Down $5,224 (-46%) from 2012

Revenue

$383,429

No earlier filing loaded for comparison.

Expenses

Down

$364,060

Down $42,967 (-11%) from 2012

Net Income

$19,369

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.

$600K$400K$200K$0Assets 2010: $100,913Liabilities 2010: $5,667Net Assets 2010: $95,2462010Assets 2011: $121,997Liabilities 2011: $12,346Net Assets 2011: $109,6512011Assets 2012: $126,267Liabilities 2012: $11,445Net Assets 2012: $114,8222012Assets 2013: $140,412Liabilities 2013: $6,221Net Assets 2013: $134,1912013Assets 2014: $297,796Liabilities 2014: $15,545Net Assets 2014: $282,2512014Assets 2015: $170,143Liabilities 2015: $17,178Net Assets 2015: $152,9652015Assets 2016: $118,521Liabilities 2016: $13,974Net Assets 2016: $104,5472016Assets 2017: $57,910Liabilities 2017: $31,698Net Assets 2017: $26,2122017Assets 2018: $89,617Liabilities 2018: $22,674Net Assets 2018: $66,9432018Assets 2019: $160,550Liabilities 2019: $16,417Net Assets 2019: $144,1332019Assets 2020: $328,212Liabilities 2020: $42,881Net Assets 2020: $285,3312020Assets 2021: $559,958Liabilities 2021: $26,476Net Assets 2021: $533,4822021Assets 2022: $595,180Liabilities 2022: $62,510Net Assets 2022: $532,6702022Assets 2023: $568,817Liabilities 2023: $50,457Net Assets 2023: $518,3602023Assets 2024: $460,876Liabilities 2024: $29,748Net Assets 2024: $431,1282024

Highlighted filing

2013

Assets$140,412
Liabilities$6,221
Net Assets$134,191

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $357,9892010Revenue 2011: $297,991Expenses 2011: $283,586Net Income 2011: $14,4052011Expenses 2012: $407,0272012Revenue 2013: $383,429Expenses 2013: $364,060Net Income 2013: $19,3692013Revenue 2014: $600,952Expenses 2014: $452,892Net Income 2014: $148,0602014Revenue 2015: $581,270Expenses 2015: $710,556Net Income 2015: -$129,2862015Revenue 2016: $610,902Expenses 2016: $659,320Net Income 2016: -$48,4182016Revenue 2017: $526,798Expenses 2017: $605,133Net Income 2017: -$78,3352017Revenue 2018: $590,435Expenses 2018: $549,704Net Income 2018: $40,7312018Revenue 2019: $618,447Expenses 2019: $541,257Net Income 2019: $77,1902019Revenue 2020: $657,206Expenses 2020: $516,008Net Income 2020: $141,1982020Revenue 2021: $702,563Expenses 2021: $454,412Net Income 2021: $248,1512021Revenue 2022: $503,426Expenses 2022: $504,238Net Income 2022: -$8122022Revenue 2023: $496,334Expenses 2023: $510,644Net Income 2023: -$14,3102023Revenue 2024: $473,338Expenses 2024: $560,567Net Income 2024: -$87,2292024

Highlighted filing

2013

Revenue$383,429
Expenses$364,060
Net Income$19,369
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 16, 2014
Return Version
2013v3.1
Gross Receipts
$383,429
Mission and Program Overview

Mission

Utah foundation's mission is to produce objective, thorough and well- reasoned research and analysis that promotes the effective use of public resources, a thriving economy, a well-prepared workforce and a high quality of life for utahns. Utah foundation seeks to help decision-makers and citizens understand and address complex issues. Utah foundation also offers constructive guidance to improve governmental policies, programs and structures. Utah foundation is an independent, nonpartisan, nonprofit research organization.

To promote a thriving economy, a well-prepared work force, and a high quality of life for utahns by performing thorough, well-supported research that helps policy makers, business and community leaders, and citizens better understand complex issues and providing practical, well-reasoned recommendations for policy change.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$48,858$97,273▲ $48,415
Cash and Non-Interest-Bearing Accounts$14,232$22,966▲ $8,734
Accounts Receivable$44,775$10,175▼ $34,600
Land, Buildings, and Equipment, Net$10,409$8,145▼ $2,264
Pledges and Grants Receivable$6,140--
Total Assets$126,267$140,412▲ $14,145
Other Assets Total$1,853$1,853→ $0
Liabilities
Accounts Payable and Accrued Expenses$11,445$6,221▼ $5,224
Total Liabilities$11,445$6,221▼ $5,224
Net Assets / Fund Balance
Unrestricted Net Assets$114,822$124,191▲ $9,369
Temporarily Rstr Net Assets-$10,000-
Total Net Assets Fund Balance$114,822$134,191▲ $19,369
Total Liabilities and Net Assets / Fund Balance$126,267$140,412▲ $14,145

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$36$42,477$42,513
Equipment$8,109$2,996$11,105
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen J Hershey KroesPresidentFT$139,204$16,186$155,390
Revenue and Support

Revenue Composition

Contributions and Grants
$264,316
Program Service Revenue
$119,008
Investment Income
$105
Other Revenue
$0
All Other Contributions
$264,316
Change in Net Assets
$19,369

Audited Revenue Reconciliation

Revenue per Audited Statements
$383,429
Total Revenue per Audited Statements
$383,429
Total Revenue per Form 990
$383,429
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$290,115
Other Expenses$73,945
Total Fundraising Expense$32,400
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$98,700$21,150$21,150$141,000
Other Salaries and Wages$90,544$5,200$2,805$98,549
Other Employee Benefits$26,829$3,736$3,396$33,961
Occupancy$13,727$1,911$1,738$17,376
Payroll Taxes$13,117$1,827$1,661$16,605
Office Expenses$9,847$1,371$1,247$12,465
Fees for Services Other$12,342--$12,342
Travel$6,721$831-$7,552
Fees for Services Accounting-$5,319-$5,319
Depreciation Depletion$1,789$249$226$2,264
Other Expenses$447$62$57$566
Total Functional Expenses$288,085$43,575$32,400$364,060

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$364,060
Total Expenses per Audited Statements$364,060
Total Expenses per Form 990$364,060
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
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Page 6, Part VI, Line 4

Changed the organization's bylaws in december 2013.

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

The 990 is reviewed by the executive director, board treasurer, and board chairman for accuracy and proper presentation. The executive director will address any questions and relay any suggestions for change.

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

Executive director compensation is determined by the executive committee (a nine-member committee of the board given the task of governing the foundation's operations more closely than the entire board.) the executive committee is independent of the individuals whose compensation is being determined. In determining a reasonable level of compensation, board members consider salaries paid to other similar positions in the region. The deliberation and determination of the executive committee is done without staff present. Their final decision is recorded in the executive committee meeting minutes.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available for public inspection upon request at the organization's offices.

Filing and Contact Details

Filer

EIN
87-0199245
Phone
8013551400

Signing Officer

Name
Stephen J Kroes
Title
President
Phone
8013551400
Signed
2014-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen J Hershey Kroes
Formed
1945
Legal Domicile
Ut
Voting Board Members
43
Independent Board Members
43
Employees
5

Preparer

Preparer
Justin R Shaw CPA Cfe
Phone
8012943155
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To promote a thriving economy, a well-prepared work force, and a high quality of life for utahns by performing thorough, well-supported research that helps policy makers, business and community leaders, and citizens better understand complex issues and providing practical, well-reasoned recommendations for policy change.

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

Our education study on peer states fulfilled a long-held desire to show the education strategies that are working in states that are economically and demographically similar to utah. The utah foundation quality of life index is a major undertaking that shows the factors that matter most for the quality of life in our communities and provides a current rating of each factor, showing areas that are strengths and those that are problems needing the attention of policymakers and citizens. 2013 utah foundation publications: march: fueling our future, 2013-2040: policy options to address utah's transportation needs june: sagebrush rebellion part ii: analysis of the public lands debate in utah august: climbing toward the american dream: a second analysis of economic mobility in utah october: inspirations and aspirations: a survey of 2013 utah high school graduates october: elevating student achievement: successful education policies and practices in utah's peer states november: utah foundation quality of life index: 2013 edition shows concerns about jobs, k-12 education and air quality our 2013 annual meeting focused on the twin priorities of transportation and education investment. It was a very popular event, with great media coverage. We also held a luncheon in november highlighting our quality of life index, with recognized experts offering opinion on how to improve life in utah. Our work was cited in at least 50 news media articles in 2013. 76,000 people visited our website and viewed 37,000 copies of our research reports last year. Our presence on facebook and twitter also grew. Just recently, we unveiled a completely new design of our website (www.utahfoundation.org). Take a look and browse our new policy blog, with weekly articles on current utah policy topics.

Raw XML AppendixShowing 400 of 691 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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IRS990/Desc0IN 2013, WE PUBLISHED SIX SIGNIFICANT RESEARCH REPORTS FOCUSING ON HIGH- PRIORITY POLICY AND ECONOMIC ISSUES. OUR STUDY ON TRANSPORTATION FUNDING PROVIDED REVENUE ESTIMATES FOR A WIDE RANGE OF TAX OPTIONS, INCLUDING RAISING FUEL TAXES, ADDING SALES TAXES TO FUEL, TAXING MILES DRIVEN, AND MORE. THE REPORT DID NOT RECOMMEND A TAX INCREASE BUT PROVIDED USEFUL DATA FOR POLICYMAKERS AND ADVOCATES CONSIDERING SUCH CHANGES. THIS WORK WAS WIDELY CITED IN THE NEWS MEDIA, AT LEGISLATIVE INTERIM HEARINGS AND DURING THE RECENT LEGISLATIVE SESSION. WE ARE QUITE PROUD OF OUR SECOND STUDY ON LONG-TERM ECONOMIC MOBILITY IN UTAH, COMPILED WITH THE COLLABORATION OF THE UTAH STATE TAX COMMISSION, EVALUATING HOW MANY UTAHNS WERE ABLE TO MOVE UP THE INCOME LADDER SINCE 1994. THAT INFORMATION IS AVAILABLE NOWHERE ELSE. OUR EDUCATION STUDY ON PEER STATES FULFILLED A LONG-HELD DESIRE TO SHOW THE EDUCATION STRATEGIES THAT ARE WORKING IN STATES THAT ARE ECONOMICALLY AND DEMOGRAPHICALLY SIMILAR TO UTAH. THE UTAH FOUNDATION QUALITY OF LIFE INDEX IS A MAJOR UNDERTAKING THAT SHOWS THE FACTORS THAT MATTER MOST FOR THE QUALITY OF LIFE IN OUR COMMUNITIES AND PROVIDES A CURRENT RATING OF EACH FACTOR, SHOWING AREAS THAT ARE STRENGTHS AND THOSE THAT ARE PROBLEMS NEEDING THE ATTENTION OF POLICYMAKERS AND CITIZENS. 2013 UTAH FOUNDATION PUBLICATIONS: MARCH: FUELING OUR FUTURE, 2013-2040: POLICY OPTIONS TO ADDRESS UTAH'S TRANSPORTATION NEEDS JUNE: SAGEBRUSH REBELLION PART II: ANALYSIS OF THE PUBLIC LANDS DEBATE IN UTAH AUGUST: CLIMBING TOWARD THE AMERICAN DREAM: A SECOND ANALYSIS OF ECONOMIC MOBILITY IN UTAH OCTOBER: INSPIRATIONS AND ASPIRATIONS: A SURVEY OF 2013 UTAH HIGH SCHOOL GRADUATES OCTOBER: ELEVATING STUDENT ACHIEVEMENT: SUCCESSFUL EDUCATION POLICIES AND PRACTICES IN UTAH'S PEER STATES NOVEMBER: UTAH FOUNDATION QUALITY OF LIFE INDEX: 2013 EDITION SHOWS CONCERNS ABOUT JOBS, K-12 EDUCATION AND AIR QUALITY OUR 2013 ANNUAL MEETING FOCUSED ON THE TWIN PRIORITIES OF TRANSPORTATION AND EDUCATION INVESTMENT. IT WAS A VERY POPULAR EVENT, WITH GREAT MEDIA COVERAGE. WE ALSO HELD A LUNCHEON IN NOVEMBER HIGHLIGHTING OUR QUALITY OF LIFE INDEX, WITH RECOGNIZED EXPERTS OFFERING OPINION ON HOW TO IMPROVE LIFE IN UTAH. OUR WORK WAS CITED IN AT LEAST 50 NEWS MEDIA ARTICLES IN 2013. 76,000 PEOPLE VISITED OUR WEBSITE AND VIEWED 37,000 COPIES OF OUR RESEARCH REPORTS LAST YEAR. OUR PRESENCE ON FACEBOOK AND TWITTER ALSO GREW. JUST RECENTLY, WE UNVEILED A COMPLETELY NEW DESIGN OF OUR WEBSITE (WWW.UTAHFOUNDATION.ORG). TAKE A LOOK AND BROWSE OUR NEW POLICY BLOG, WITH WEEKLY ARTICLES ON CURRENT UTAH POLICY TOPICS.
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IRS990/Form990PartVIISectionAGrp/PersonNm5GREG HARDY
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMES HEWLETT
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IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN HANSHAW
IRS990/Form990PartVIISectionAGrp/PersonNm9FRED ESPLIN
IRS990/Form990PartVIISectionAGrp/PersonNm10VAUGHN HOLBROOK
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IRS990/Form990PartVIISectionAGrp/PersonNm13JUSTIN JONES
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IRS990/Form990PartVIISectionAGrp/PersonNm15HARRIS SIMMONS
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IRS990/Form990PartVIISectionAGrp/PersonNm18CHRIS TILLACK
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IRS990/Form990PartVIISectionAGrp/PersonNm20F ANN MILLNER
IRS990/Form990PartVIISectionAGrp/PersonNm21MARK BUCHI
IRS990/Form990PartVIISectionAGrp/PersonNm22LYNN AMES
IRS990/Form990PartVIISectionAGrp/PersonNm23DOUG MATSUMORI
IRS990/Form990PartVIISectionAGrp/PersonNm24ELIZABETH HITCH
IRS990/Form990PartVIISectionAGrp/PersonNm25ROB CAMPBELL
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IRS990/Form990PartVIISectionAGrp/PersonNm29DANIEL HARBEKE
IRS990/Form990PartVIISectionAGrp/PersonNm30BRENT JENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm31TOM LOVE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt29CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt30TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt31TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt32TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt33TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt34TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt35TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt36TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt37TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt38TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt39TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt40TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt41TRUSTEE
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.61$0.30$4.31$4.73$5.61$0.87
2023Summary only. Only limited summary data is available for this year.$5.69$0.50$5.18$4.96$5.11$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.95$0.63$5.33$5.03$5.04$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.60$0.26$5.33$7.03$4.54$2.48
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$0.43$2.85$6.57$5.16$1.41
2019Summary only. Only limited summary data is available for this year.$1.61$0.16$1.44$6.18$5.41$0.77
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.23$0.67$5.90$5.50$0.41
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.32$0.26$5.27$6.05$0.78
2016Summary only. Only limited summary data is available for this year.$1.19$0.14$1.05$6.11$6.59$0.48
2015Summary only. Only limited summary data is available for this year.$1.70$0.17$1.53$5.81$7.11$1.29
2014Detailed filing. Detailed filing data is available for this year.$2.98$0.16$2.82$6.01$4.53$1.48
2013Detailed filing. Detailed filing data is available for this year.$1.40$0.06$1.34$3.83$3.64$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.11$1.15$4.07
2011Summary only. Only limited summary data is available for this year.$1.22$0.12$1.10$2.98$2.84$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.06$0.95$3.58