Civic Intelligence

Sutherland Institute

990 • Fiscal year 2022 • EIN 87-0531727

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

15 West South Temple Ste 200Salt Lake City, UT 84101

(801) 355-1272

Siviq Scores

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

Liabilities / Assets

75th percentile

0.30x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

68th percentile

0.23x

Higher debt load relative to revenue than 68% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

82nd percentile

33%

Higher net margin than 82% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

92nd percentile

$230,831

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

97th percentile

234%

Faster asset growth than 97% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

82nd percentile

52%

Faster revenue growth than 82% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,660,376

Up $1,162,674 (+234%) from 2021

Net Assets

Up

$1,160,959

Up $883,161 (+318%) from 2021

Liabilities

Up

$499,417

Up $279,513 (+127%) from 2021

Revenue

Up

$2,167,736

Up $737,567 (+52%) from 2021

Expenses

Up

$1,444,756

Up $845 (+0.1%) from 2021

Net Income

Up

$722,980

Up $736,722 (+5361%) from 2021

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$0-$500KAssets 2011: $375,565Liabilities 2011: $29,017Net Assets 2011: $346,5482011Assets 2012: $204,744Liabilities 2012: $59,870Net Assets 2012: $144,8742012Assets 2013: $220,180Liabilities 2013: $65,649Net Assets 2013: $154,5312013Assets 2014: $239,280Liabilities 2014: $389,849Net Assets 2014: -$150,5692014Assets 2015: $1,108,278Liabilities 2015: $270,870Net Assets 2015: $837,4082015Assets 2016: $92,067Liabilities 2016: $103,376Net Assets 2016: -$11,3092016Assets 2017: $83,693Liabilities 2017: $91,579Net Assets 2017: -$7,8862017Assets 2018: $111,548Liabilities 2018: $156,949Net Assets 2018: -$45,4012018Assets 2019: $1,318,881Liabilities 2019: $134,607Net Assets 2019: $1,184,2742019Assets 2020: $442,489Liabilities 2020: $150,949Net Assets 2020: $291,5402020Assets 2021: $497,702Liabilities 2021: $219,904Net Assets 2021: $277,7982021Assets 2022: $1,660,376Liabilities 2022: $499,417Net Assets 2022: $1,160,9592022Assets 2023: $1,273,306Liabilities 2023: $401,635Net Assets 2023: $871,6712023Assets 2024: $1,000,783Liabilities 2024: $265,013Net Assets 2024: $735,7702024

Highlighted filing

2022

Assets$1,660,376
Liabilities$499,417
Net Assets$1,160,959

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,453,952Expenses 2011: $1,321,873Net Income 2011: $132,0792011Expenses 2012: $1,511,3792012Expenses 2013: $1,414,3532013Revenue 2014: $2,027,205Expenses 2014: $2,332,305Net Income 2014: -$305,1002014Revenue 2015: $3,102,581Expenses 2015: $2,114,604Net Income 2015: $987,9772015Revenue 2016: $3,682,989Expenses 2016: $4,531,706Net Income 2016: -$848,7172016Revenue 2017: $2,008,043Expenses 2017: $2,004,620Net Income 2017: $3,4232017Revenue 2018: $1,907,479Expenses 2018: $1,965,061Net Income 2018: -$57,5822018Revenue 2019: $2,810,346Expenses 2019: $1,580,671Net Income 2019: $1,229,6752019Revenue 2020: $593,546Expenses 2020: $1,486,280Net Income 2020: -$892,7342020Revenue 2021: $1,430,169Expenses 2021: $1,443,911Net Income 2021: -$13,7422021Revenue 2022: $2,167,736Expenses 2022: $1,444,756Net Income 2022: $722,9802022Revenue 2023: $1,839,799Expenses 2023: $2,173,042Net Income 2023: -$333,2432023Revenue 2024: $2,083,527Expenses 2024: $2,219,428Net Income 2024: -$135,9012024

Highlighted filing

2022

Revenue$2,167,736
Expenses$1,444,756
Net Income$722,980
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$2,167,736
Mission and Program Overview

Mission

As a conservative public policy think tank, the organization's mission is to shape utah law and policy based on a core set of governing principles. We strive to make utah an example of good government for the rest of the nation and a great place to live, work and raise a family.

A conservative public policy think tank, sutherland institute is pursuing the path to "a new birth of freedom' for america through a free market economy, civil society, and community-driven solutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,081$1,002,019▲ $1,000,938
Cash and Non-Interest-Bearing Accounts$456,332$168,953▼ $287,379
Pledges and Grants Receivable$10,000$80,000▲ $70,000
Land, Buildings, and Equipment, Net$16,289$32,286▲ $15,997
Prepaid Expenses and Deferred Charges$14,000$8,854▼ $5,146
Total Assets$497,702$1,660,376▲ $1,162,674
Other Assets Total-$368,264-
Liabilities
Other Liabilities$24,062$366,478▲ $342,416
Accounts Payable and Accrued Expenses$195,842$132,939▼ $62,903
Total Liabilities$219,904$499,417▲ $279,513
Net Assets / Fund Balance
Net Assets With Donor Restrictions$316,115$1,205,960▲ $889,845
Net Assets Without Donor Restrictions$-38,317$-45,001▼ $6,684
Total Net Assets Fund Balance$277,798$1,160,959▲ $883,161
Total Liabilities and Net Assets / Fund Balance$497,702$1,660,376▲ $1,162,674

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,286$105,701$137,987
Other Assets Org$7,366--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rick LarsenPresident &FT$206,317$24,514$230,831
Rick LarsenPresident & CEO-$146,317$84,514$230,831
Derek MonsonVP - PolicyFT$128,372$28,536$156,908
Stanley RasmussenVP- GOV'T AFFT$112,470$21,823$134,293

Board Members and Trustees

NameTitle
Brad HarrBoard Member
Brent AndrewsenBoard Member
Brent MckinleyBoard Member
Chase HaleBoard Member
Frantz BelotBoard Member
Greg MillerBoard Member
Joe KerryBoard Member
John SperryBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$2,140,998
Program Service Revenue
$25,000
Investment Income
$1,738
Other Revenue
$0
All Other Contributions
$2,140,998
Change in Net Assets
$722,980

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,167,736
Revenue Not Reported on Form 990
$160,181
Total Revenue per Audited Statements
$2,327,917
Total Revenue per Form 990
$2,167,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$982,591
Other Expenses$462,165
Total Fundraising Expense$231,439
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$289,924$202,009$100,437$592,370
Current Officers, Directors, Trustees, and Key Employees$112,976$78,718$39,138$230,832
Occupancy$5,594$125,179-$130,773
Other Expenses$34,294$515$63,500$98,309
Other Employee Benefits$43,513$30,319$15,075$88,907
Payroll Taxes$30,457$21,222$10,551$62,230
Fees for Services Lobbying$25,500$1,500-$27,000
Office Expenses$16,222$8,646-$24,868
Fees for Services Accounting-$20,375-$20,375
Advertising$18,275--$18,275
Information Technology$12,777$231-$13,008
Depreciation Depletion-$9,907-$9,907
Travel$8,420--$8,420
Pension Plan Contributions$4,039$2,814$1,399$8,252
Fees for Services Other$2,925$2,038$1,013$5,976
Total Functional Expenses$652,809$560,508$231,439$1,444,756

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,444,756
Total Expenses per Audited Statements$1,444,756
Total Expenses per Form 990$1,444,756
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease$356,013
Capital Lease$10,465
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 president and chairman of sutherland institute review the form 990 before it is filed.

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

A conflict of interest policy is reviewed and signed by each member of the board of trustees on a yearly basis.

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

The board of trustees determine the compensation of the president; the president, in counsel with the trustees, determine the compensation of the staff. President and staff salaries are reviewed regularly against third party bench mark data.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Sutherland Institute
EIN
87-0531727
Phone
8013551272
Address
15 WEST SOUTH TEMPLE STE 200, SALT LAKE CITY, UT 84101

Signing Officer

Name
Rick Larsen
Title
President & CEO
Phone
8013551272
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Larsen
Formed
1995
Legal Domicile
Ut
Voting Board Members
8
Independent Board Members
8
Employees
11
Volunteers
8

Preparer

Firm
Larson & Company Pc
Address
11240 S RIVER HEIGHTS DR SUITE 300, SOUTH JORDAN, UT 84095-5123
Preparer
Richard Scoresby CPA
Phone
8013131900
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The institute accounts for uncertain tax positions, if any, when it is more-likely-than-not the position will not be sustained upon examination by tax authorities. As of december 31, 2022, and 2021, the institute had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.

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IRS990/OtherExpensesGrp/Desc1EVENT AND RECEPTIONS
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IRS990/ProgramServiceRevenueGrp/Desc0CIVICS EVENTS
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IRS990/ProgSrvcAccomActy2Grp/Desc0AS A THINK TANK, POLICY RESEARCH ON COMPLEX ISSUES IS CORE TO THE OPERATIONS OF THE INSTITUTE. THIS INCLUDES ACTIVE STUDIES OF CURRENT AND HISTORICAL ACADEMIC RESEARCH, PROPOSED LEGISLATION IN UTAH - THE REGION - AND NATIONALLY. COLLABORATION WITH OTHER THINK TANKS, ISSUES-ORIENTED ORGANIZATIONS AND EDUCATIONAL INSTITUTIONS, IS PART OF THE PROCESS AS WELL. THE INSTITUTE MONITORS SOCIAL AND LEGISLATIVE EFFORTS THAT THREATEN TO LIMIT FREE MARKET FUNCTION, RELIGIOUS LIBERTY, AND THE PRIORITIZATION OF FAMILIES. POTENTIAL LIMITATIONS ARE OFTEN EMBEDDED IN SEEMINGLY UNRELATED OR NEBULOUS LEGISLATION, WHICH NECESSITATES A CAREFUL AND ONGOING WATCH OF PRIORITY AREAS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE INSTITUTE STAFFS POLICY EXPERTS WHO ARE ALSO REGISTERED LOBBYISTS. THE INSTITUTE REPORTS ITS LOBBYING ACTIVITIES TO THE IRS USING THE EXPENDITURES TEST UNDER A SECTION 501(H) ELECTION. QUALIFIED AND DESIGNATED STAFF ATTEND LEGISLATIVE SESSIONS, INTERIM SESSIONS, AND SPECIAL SESSIONS AT CAPITOL HILL IN UTAH, AND, AT TIMES, IN WASHINGTON DC. LOBBYISTS ARE AVAILABLE TO TESTIFY ON THE FLOOR AND BEFORE COMMITTEES AND SUB-COMMITTEES, MEET WITH LEGISLATORS, AND DETERMINE AREAS OF NEED WITH RESPECT TO THE HISTORY AND IMPLICATIONS OF PENDING LEGISLATION. COMMUNICATIONS ARE SHARED ON A NONPARTISAN BASIS THROUGH PRINTED PUBLICATIONS, FLIERS AND EMAILS. THE INSTITUTE CAN PROVIDE POLICY RESEARCH AT A DEPTH AND SCOPE THAT IS DIFFICULT TO OBTAIN OTHERWISE FOR MEMBERS OF A PART-TIME LEGISLATURE.
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01002019
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt013,496
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01430169
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01506
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt067876
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02046434
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IRS990ScheduleA/TotalSupportAmt09051952
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt057617
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0223241
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0219476
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IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0223628
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IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0892964
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt051168
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IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0160181
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0105701
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0137987
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt110403
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt27366
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE RIGHT-OF-USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1FINANCE LEASE RIGHT-OF-USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RENTAL SECURITY DEPOSIT
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110465
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE
IRS990ScheduleD/RevenueNotReportedAmt0160181
IRS990ScheduleD/RevenueSubtotalAmt02167736
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INSTITUTE ACCOUNTS FOR UNCERTAIN TAX POSITIONS, IF ANY, WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. AS OF DECEMBER 31, 2022, AND 2021, THE INSTITUTE HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/AnyNonFixedPaymentsInd0true
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
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IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1128372
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount060000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt08400
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt128536
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICK LARSEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DEREK MONSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP - POLICY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0230831
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1156908
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0A BONUS WAS PAID TO THE CEO FOR HIS PERFORMANCE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 7
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.00$0.27$0.74$2.08$2.22$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.27$0.40$0.87$1.84$2.17$0.33
2022Detailed filing. Detailed filing data is available for this year.$1.66$0.50$1.16$2.17$1.44$0.72
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.22$0.28$1.43$1.44$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.44$0.15$0.29$0.59$1.49$0.89
2019Detailed filing. Detailed filing data is available for this year.$1.32$0.13$1.18$2.81$1.58$1.23
2018Detailed filing. Detailed filing data is available for this year.$0.11$0.16$0.05$1.91$1.97$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.08$0.09$0.01$2.01$2.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.09$0.10$0.01$3.68$4.53$0.85
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.27$0.84$3.10$2.11$0.99
2014Detailed filing. Detailed filing data is available for this year.$0.24$0.39$0.15$2.03$2.33$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.07$0.15$1.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.06$0.14$1.51
2011Summary only. Only limited summary data is available for this year.$0.38$0.03$0.35$1.45$1.32$0.13