Civic Intelligence

Bill and Vieve Gore Endowment Fund

990 • Fiscal year 2012 • EIN 87-6213067

Jul 01, 2011 to Jun 30, 2012 • Filed on May 09, 2013

Organization ProfileN/A
1840 South 1300 East84105
Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

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

2012 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

12th percentile

-7.8%

Faster asset growth than 12% of similar nonprofits.

2012 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets4th percentile

Assets

Down

$12,639,295

Down $1,063,141 (-7.8%) from 2011

Net Assets

Down

$12,639,295

Down $1,063,141 (-7.8%) from 2011

Liabilities

Flat

$0

Flat from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$670,091

Down $38,902 (-5.5%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $12,092,981Liabilities 2010: $0Net Assets 2010: $12,092,9812010Assets 2011: $13,702,436Liabilities 2011: $0Net Assets 2011: $13,702,4362011Assets 2012: $12,639,295Liabilities 2012: $0Net Assets 2012: $12,639,2952012Assets 2013: $13,437,770Liabilities 2013: $0Net Assets 2013: $13,437,7702013Assets 2014: $0Net Assets 2014: $02014Assets 2015: $14,483,299Liabilities 2015: $0Net Assets 2015: $14,483,2992015Assets 2016: $13,281,619Liabilities 2016: $0Net Assets 2016: $13,281,6192016Assets 2017: $14,464,919Liabilities 2017: $0Net Assets 2017: $14,464,9192017Assets 2018: $14,923,904Liabilities 2018: $0Net Assets 2018: $14,923,9042018Assets 2019: $15,011,303Liabilities 2019: $0Net Assets 2019: $15,011,3032019Assets 2020: $13,663,510Liabilities 2020: $0Net Assets 2020: $13,663,5102020Assets 2021: $17,535,269Liabilities 2021: $176,577Net Assets 2021: $17,358,6922021Assets 2022: $15,014,042Liabilities 2022: $388,282Net Assets 2022: $14,625,7602022Assets 2023: $15,411,717Liabilities 2023: $3,816,193Net Assets 2023: $11,595,5242023Assets 2024: $13,128,463Liabilities 2024: $1,456,828Net Assets 2024: $11,671,6352024

Highlighted filing

2012

Assets$12,639,295
Liabilities$0
Net Assets$12,639,295
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$5.0M$0-$5.0MExpenses 2010: $751,2342010Expenses 2011: $708,9932011Expenses 2012: $670,0912012Expenses 2013: $652,3372013Revenue 2014: $02014Revenue 2015: $46,962Expenses 2015: $631,714Net Income 2015: -$584,7522015Revenue 2016: $199,875Expenses 2016: $645,448Net Income 2016: -$445,5732016Revenue 2017: $174,935Expenses 2017: $638,683Net Income 2017: -$463,7482017Revenue 2018: $148,354Expenses 2018: $636,651Net Income 2018: -$488,2972018Revenue 2019: $103,489Expenses 2019: $653,343Net Income 2019: -$549,8542019Revenue 2020: $51,645Expenses 2020: $1,491,919Net Income 2020: -$1,440,2742020Revenue 2021: $43,759Expenses 2021: $696,137Net Income 2021: -$652,3782021Revenue 2022: $1,013,390Expenses 2022: $2,120,261Net Income 2022: -$1,106,8712022Revenue 2023: $67,313Expenses 2023: $4,188,901Net Income 2023: -$4,121,5882023Revenue 2024: $3,514Expenses 2024: $1,111,959Net Income 2024: -$1,108,4452024

Highlighted filing

2012

Revenue-
Expenses$670,091
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
May 9, 2013
Return Version
2011v1.5
Gross Receipts
$2,868,643
Mission and Program Overview

Mission

Grants to Westminster College of Salt Lake City

Major Activities

Activity 2
Science/ Mathematics: To promote the science and mathematics programs through scholarships, purchasing equipment and funding research projects. Eight student scholarships, computer and lab equipment.
Activity 3
Faculty: To attract and retain outstanding College faculty by providing an annual award to faculty members and funding seminars, conventions and sabbatical studies.
Filing and Contact Details

Filer

EIN
87-6213067
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The Bill and Vieve Gore Endowment Fund (the Gore Endowment Fund), which is composed of separate sub-funds, is an irrevocable trust created in July 1990 to benefit Westminster College (the College). The income of the Fund is restricted for disbursement to the College for designated support of the following:a. The Bill and Vieve Gore Unrestricted Endowment Fund - the income from this fund may only be used to provide unrestricted support to promote and expand the growth and development of the College. There are no restrictions placed on the College regarding the use of income from this fund; however, the extent of annual contributions to the College is at the discretion of the trustees of the Fund (the Trustees). The principal may be invaded for extraordinary capital needs, but only on the unanimous approval of the Trustees.b. The Music Endowment Fund - the income from this fund will be used to promote the study and enjoyment of music through scholarships, developing music programs, the purchase of equipment or materials, and attracting and retaining inspired music faculty, but may not be used to pay faculty salaries.c. The Science and Mathematics Endowment Fund - the income from this fund will be used to develop and promote the science and mathematics programs of the College through scholarships, the purchase of equipment, and funding research projects.d. The Excellence in Teaching Endowment Fund - the income from this fund will be used to attract and retain outstanding College faculty by providing an annual award to faculty members and funding seminars, conventions, and sabbatical studies.e. The Bill and Vieve Gore School of Business Building Maintenance Fund - the income from this fund will be used to maintain, repair, and operate the Gore School of Business building and surrounding grounds. Although restricted for the purposes described above, the extent of annual distributions to the College is at the discretion of Trustees.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0Part V, Line 4
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/PermanentEndowmentEOYBalance00.55000
IRS990ScheduleD/RevenueSubtotal0-393050
IRS990ScheduleD/TermEndowmentEOYBalance00.45000
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0On July 2, 1990, A Trust Agreement of the Bill and Vieve Gore Endowment Fund ("the Gore Endowment Fund") established Westminster College (the "College") to act as trustor for the Gore Endowment Fund. The College's Investment Committee makes recommendations to the Gore Endowment Fund Trustees as to endowment spending, asset classification, and managing the Gore Endowment Fund. As trustor, the College develops a budget for spending of the distributions from the fund. In conjuction with the College, the Gore Endowment Fund has an annual independent audit.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine101840 South 1300 East
IRS990ScheduleI/RecipientTable/AddressUS/City0Salt Lake City
IRS990ScheduleI/RecipientTable/AddressUS/State0UT
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode084105
IRS990ScheduleI/RecipientTable/AmountOfCashGrant0627431
IRS990ScheduleI/RecipientTable/AmountOfNonCashAssistance00
IRS990ScheduleI/RecipientTable/EINOfRecipient0870212470
IRS990ScheduleI/RecipientTable/IRCSection0501(c)(3)
IRS990ScheduleI/RecipientTable/MethodOfValuation0Book
IRS990ScheduleI/RecipientTable/PurposeOfGrant0To provide funding for students, faculty, and the College.
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IRS990ScheduleO/GeneralExplanation/Explanation0The Bill and Vieve Gore Endowment Fund does not have any paid personnel.
IRS990ScheduleO/GeneralExplanation/Explanation1The Bill and Vieve Gore Endowment Fund does not have any paid personnel.
IRS990ScheduleO/GeneralExplanation/Explanation2Non-independent Trustee: * President Michael Bassis is both an officer for a related organization, Westminster College, and trustee for the Bill and Vieve Gore Endowment Fund.
IRS990ScheduleO/GeneralExplanation/Explanation3The following records of the Bill and Vieve Gore Endowment Fund are available for public inspection and copying, upon request: Exemption Letter Audited Financial Statements for the three fiscal years prior to the date of the request Tax filings Form 990 for the three fiscal years prior to the date ofthe request Conflict of Interest Policy Trust AgreementTo make a request to inspect and/or acquire a copy of these records, contact the Managing Director of Financial Affairs, Office of Administrative Services, at 801-832-2133.
IRS990ScheduleO/GeneralExplanation/Explanation4The Treasurer of the Bill and Vieve Gore Endowment fund will collect Statements of Disclosure from all trustees, officers, and key employees each year. The Audit Committee of Westminster College will review each Statement of Disclosure for actual or potential conflicts of interest, including, but not limited to, the following factors: Solicitation or acceptance of gifts, gratuities, free travel, or other items of value that could create the appearance of a conflict or an expectation of special treatment in Gore Endowment matters; Incidents of abuse or misuse of an individual's position for personal or third-party gain or benefit; Use of the Gore Endowment's staff, services, equipment, materials, resources, orproperty for personal or third party gain, or representing to third parties that one's authority as a trustee, officer, volunteer, or key employee is more extensive than it is in actuality; Situations where a trustee, officer, or key employee may be divided between personal interests or the interests of anothcr organization and the best interests of the Gore Endowment; Engagement in business, professional conduct, or other activities that may be directly or indirectly adverse to the interests of the Gore Endowment; and,Any arrangements in which a trustee, officer, or key employee provides goods or services to the Gore Endowment as a paid vendor or outside service-provider.The Audit Committee may request additional information from any trustee, officer, or key employee at any time. While an individual's relationships or activities are under review, the individual may not deliberate, debate, or vote until a determination is made.
IRS990ScheduleO/GeneralExplanation/Explanation5The Bill and Vieve Gore Endowment Fund (the "Gore Endowment Fund") tax return is completed by the Director of Budget, and reviewed by the Treasurer of the Gore Endowment Fund. Once completed, the documents are reviewed by the Audit Committee and submitted electronically to the Gore Trustees. Once the trustees have reviewed - the return is transmitted electronically to the IRS.
IRS990ScheduleO/GeneralExplanation/Explanation6OTHER PROGRAM SERVICES 4: Business Building: To maintain, repair and operate the Gore School of Business building and surrounding grounds. OTHER PROGRAM SERVICES 5: College Development: To provide unrestricted funds to promote and expand the growth and development of the College.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 11
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part III, Line 4d
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part V, Line 1 - Employees
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part I, Line 4
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Line 11: Form 990 Review Process
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part III, Line 4d : Other Program Services Description
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IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10Westminster College
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0Institution of Higher Education
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0School
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg0false
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg0false
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg0false
IRS990ScheduleR/OtherTransferFromOtherOrg0false
IRS990ScheduleR/OtherTransferToOtherOrg0false
IRS990ScheduleR/PerformOfServicesByOtherOrgs0false
IRS990ScheduleR/PerformOfServicesForOtherOrgs0false
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg0false
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties0false
IRS990ScheduleR/ReimbursementPaidByOtherOrg0false
IRS990ScheduleR/ReimbursementPaidToOtherOrg0false
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs0false
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs0false
IRS990ScheduleR/SaleOfAssetsToOtherOrg0false
IRS990ScheduleR/SharingOfFacilities0false
IRS990ScheduleR/SharingOfPaidEmployees0false
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0UT
IRS990/SubjectToProxyTax0false
IRS990/TaxableDistributions0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/TemporarilyRestrictedNetAssets/BOY06716836
IRS990/TemporarilyRestrictedNetAssets/EOY05653695
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0true
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine101840 South 1300 East
IRS990/TheBooksAreInCareOf/AddressUS/City0Salt Lake City
IRS990/TheBooksAreInCareOf/AddressUS/State0UT
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode0841053617
IRS990/TheBooksAreInCareOf/NamePerson0W Curtis Ryan
IRS990/TheBooksAreInCareOf/TelephoneNumber08018322148
IRS990/TotalAssets/BOY013702436
IRS990/TotalAssetsBOY013702436
IRS990/TotalAssets/EOY012639295
IRS990/TotalAssetsEOY012639295
IRS990/TotalCompGT150K0false
IRS990/TotalContributions00
IRS990/TotalExpensesCurrentYear0670091
IRS990/TotalExpensesPriorYear0708993
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral042660
IRS990/TotalFunctionalExpenses/ProgramServices0627431
IRS990/TotalFunctionalExpenses/Total0670091
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY00
IRS990/TotalLiabilities/EOY00
IRS990/TotalLiabilitiesEOY00
IRS990/TotalLiabNetAssetsFundBalances/BOY013702436
IRS990/TotalLiabNetAssetsFundBalances/EOY012639295
IRS990/TotalNbrEmployees00
IRS990/TotalNetAssetsFundBalances/BOY013702436
IRS990/TotalNetAssetsFundBalances/EOY012639295
IRS990/TotalOfOtherProgramServiceExp089826
IRS990/TotalOfOtherProgramServiceGrnt089826
IRS990/TotalOtherRevenue00
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceExpense0627431
IRS990/TotalProgramServiceRevenue00
IRS990/TotalRevenueCurrentYear0-393050
IRS990/TotalRevenue/ExclusionAmount096791
IRS990/TotalRevenuePriorYear02318448
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0-489841
IRS990/TotalRevenue/TotalRevenueColumn0-393050

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$12,639,295
Liabilities
$0
Net assets
$12,639,295
Revenue
-
Expenses
$670,091
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.1$1.46$11.7$0.00$1.11$1.11
2023Detailed filing. Detailed filing data is available for this year.$15.4$3.82$11.6$0.07$4.19$4.12
2022Detailed filing. Detailed filing data is available for this year.$15.0$0.39$14.6$1.01$2.12$1.11
2021Detailed filing. Detailed filing data is available for this year.$17.5$0.18$17.4$0.04$0.70$0.65
2020Detailed filing. Detailed filing data is available for this year.$13.7$0.00$13.7$0.05$1.49$1.44
2019Detailed filing. Detailed filing data is available for this year.$15.0$0.00$15.0$0.10$0.65$0.55
2018Detailed filing. Detailed filing data is available for this year.$14.9$0.00$14.9$0.15$0.64$0.49
2017Detailed filing. Detailed filing data is available for this year.$14.5$0.00$14.5$0.17$0.64$0.46
2016Detailed filing. Detailed filing data is available for this year.$13.3$0.00$13.3$0.20$0.65$0.45
2015Detailed filing. Detailed filing data is available for this year.$14.5$0.00$14.5$0.05$0.63$0.58
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$0.00$13.4$0.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$0.00$12.6$0.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$0.00$13.7$0.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$0.00$12.1$0.75