Civic Intelligence

Sorenson Molecular Genealogy Foundation 05 08 2001

EIN 87-0675349 • 501(c)3 • Salt Lake City, UT

Profile

To develop new and more accurate methods for the collection, extraction and analysis of genetic data. To futher scientific genealogical research that will allow people to enhance and extend their genealogical research through the use of genetics. To provide university students with valuable laboratory expeience in the field of molecular biology. To publish professional papers reporting research and scientific findings, and for the purpose of combating diseases and other useful purposes in society.

299 S Main Street Suite 2200Salt Lake City, UT 84111

www.smgf.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2014

Net Margin

100th percentile

6115%

Higher net margin than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2013 to 2014

Assets

Down

$0

Down $5,786,938 (-100%) from 2013

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$0

Down $5,780,396 (-100%) from 2013

Revenue

Down

-$94,535

Down $92,697 (-5043%) from 2013

Expenses

Up

$5,685,861

Up $5,658,439 (+20635%) from 2013

Net Income

Down

-$5,780,396

Down $5,751,136 (-19655%) from 2013

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $369,034Liabilities 2010: $225,419Net Assets 2010: $143,6152010Assets 2011: $761,364Liabilities 2011: $198,121Net Assets 2011: $563,2432011Assets 2012: $5,809,296Liabilities 2012: -$360Net Assets 2012: $5,809,6562012Assets 2013: $5,786,938Liabilities 2013: $6,542Net Assets 2013: $5,780,3962013Assets 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities-
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0M-$10MRevenue 2010: $1,914,553Expenses 2010: $1,930,218Net Income 2010: -$15,6652010Revenue 2011: $2,464,300Expenses 2011: $2,044,672Net Income 2011: $419,6282011Expenses 2012: $1,353,2722012Revenue 2013: -$1,838Expenses 2013: $27,422Net Income 2013: -$29,2602013Revenue 2014: -$94,535Expenses 2014: $5,685,861Net Income 2014: -$5,780,3962014

Highlighted filing

2014

Revenue-$94,535
Expenses$5,685,861
Net Income-$5,780,396

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$8,453
Mission and Program Overview

Mission

To develop new and more accurate methods for the collection, extraction and analysis of genetic data. To futher scientific genealogical research that will allow people to enhance and extend their genealogical research through the use of genetics. To provide university students with valuable laboratory expeience in the field of molecular biology. To publish professional papers reporting research and scientific findings, and for the purpose of combating diseases and other useful purposes in society.

Program Services

DescriptionGrantsExpenses
The taxpayer ceased operations in 2012 and was dissolved on December 31, 2014.-$5,617,869
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James L SorensonDirector-$0--
Steve BennionDirector-$0--
Gary PehrsonDirector-$0--
Filing and Contact Details

Filer

Filer Name
Sorenson Molecular Genealogy Foundation
EIN
87-0675349
Phone
8014901000
Address
299 S Main Street Suite 2200, Salt Lake City, UT 84111

Signing Officer

Name
Paul Ludlow
Title
CFO
Signed
2015-11-16
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

Class of Activity: Charitable | Donee's Name: Sorenson Impact Foundation | Donee's Address: 299 S Main Street, Suite 2200 Salt Lake City, UT 84111 | Cash Amount Given: $4617869

Grants and Similar Amounts Paid In Excess of $5,000.2

Class of Activity: Education | Donee's Name: Southern Utah University | Donee's Address: 351 W University Blvd, OM 311 Cedar City, UT 84720 | Cash Amount Given: $500000

Grants and Similar Amounts Paid In Excess of $5,000.3

Class of Activity: Healthcare | Donee's Name: IHC Health Services, Inc. | Donee's Address: 36 S State Street 84111, UT 84111 | Cash Amount Given: $500000

Other Expenses.1002

Office Expenses $84

Other Expenses.1012

Insurance $1021

Other Expenses.1

Bank Charges $475

Other Expenses.2

Storage $335

Other Expenses.4

Licenses & Permits $10

Other Assets.1011

Prepaid Expenses and Deferred Charges - Beginning $1021 Prepaid Expenses and Deferred Charges - Ending $0

Other Assets.1012

Intangible Assets - Beginning $3394 Intangible Assets - Ending $0

Other Assets.4

Deposits - Beginning $3000 Deposits - Ending $0

Other Assets.5

Escrow receivable - Beginning $1500000 Escrow receivable - Ending $0

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $6542 Accounts Payable and Accrued Expenses - Ending $0

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Class of Activity: Charitable | Donee's Name: Sorenson Impact Foundation | Donee's Address: 299 S Main Street, Suite 2200 Salt Lake City, UT 84111 | Cash Amount Given: $4617869
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Class of Activity: Education | Donee's Name: Southern Utah University | Donee's Address: 351 W University Blvd, OM 311 Cedar City, UT 84720 | Cash Amount Given: $500000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Class of Activity: Healthcare | Donee's Name: IHC Health Services, Inc. | Donee's Address: 36 S State Street 84111, UT 84111 | Cash Amount Given: $500000
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ReturnHeader/BuildTS02016-04-25 22:37:26Z
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ReturnHeader/Filer/EIN0870675349
ReturnHeader/Filer/PhoneNum08014901000
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ReturnHeader/Filer/USAddress/CityNm0Salt Lake City
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084111
ReturnHeader/ReturnTs02015-11-16T14:31:21-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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