Civic Intelligence

H a and Edna Benning Charitable Endowment Fund

990 • Fiscal year 2020 • EIN 87-6214072

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 22, 2021

6325 S Rainbow Blvd Ste 300Las Vegas, NV 89118

(888) 730-4933

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

5th percentile

0.00x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

79th percentile

24%

Higher net margin than 79% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

33rd percentile

$129,015

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

35th percentile

2.2%

Faster asset growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

78th percentile

21%

Faster revenue growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$20,287,852

Up $427,217 (+2.2%) from 2019

Net Assets

Up

$20,287,852

Up $427,217 (+2.2%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$1,988,488

Up $345,847 (+21%) from 2019

Expenses

Up

$1,519,466

Up $405 (+0.0%) from 2019

Net Income

Up

$469,022

Up $345,442 (+280%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $20,697,103Liabilities 2011: $0Net Assets 2011: $20,697,1032011Assets 2012: $20,243,104Liabilities 2012: $0Net Assets 2012: $20,243,1042012Assets 2013: $19,966,508Liabilities 2013: $0Net Assets 2013: $19,966,5082013Assets 2014: $20,102,732Liabilities 2014: $0Net Assets 2014: $20,102,7322014Assets 2015: $19,917,833Liabilities 2015: $0Net Assets 2015: $19,917,8332015Assets 2016: $19,448,441Liabilities 2016: $0Net Assets 2016: $19,448,4412016Assets 2017: $19,450,570Liabilities 2017: $0Net Assets 2017: $19,450,5702017Assets 2018: $19,735,937Liabilities 2018: $0Net Assets 2018: $19,735,9372018Assets 2019: $19,860,635Liabilities 2019: $0Net Assets 2019: $19,860,6352019Assets 2020: $20,287,852Liabilities 2020: $0Net Assets 2020: $20,287,8522020Assets 2021: $22,369,635Liabilities 2021: $0Net Assets 2021: $22,369,6352021Assets 2022: $28,983,091Liabilities 2022: $0Net Assets 2022: $28,983,0912022Assets 2023: $28,651,355Liabilities 2023: $0Net Assets 2023: $28,651,3552023Assets 2024: $28,085,307Liabilities 2024: $0Net Assets 2024: $28,085,3072024Assets 2025: $28,094,450Liabilities 2025: $0Net Assets 2025: $28,094,4502025

Highlighted filing

2020

Assets$20,287,852
Liabilities$0
Net Assets$20,287,852

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $637,670Expenses 2011: $1,068,652Net Income 2011: -$430,9822011Revenue 2012: $699,558Expenses 2012: $1,147,736Net Income 2012: -$448,1782012Revenue 2013: $873,220Expenses 2013: $1,150,965Net Income 2013: -$277,7452013Revenue 2014: $1,392,420Expenses 2014: $1,234,298Net Income 2014: $158,1222014Revenue 2015: $1,173,684Expenses 2015: $1,373,530Net Income 2015: -$199,8462015Revenue 2016: $943,875Expenses 2016: $1,428,501Net Income 2016: -$484,6262016Revenue 2017: $1,380,430Expenses 2017: $1,375,379Net Income 2017: $5,0512017Revenue 2018: $1,722,324Expenses 2018: $1,431,203Net Income 2018: $291,1212018Revenue 2019: $1,642,641Expenses 2019: $1,519,061Net Income 2019: $123,5802019Revenue 2020: $1,988,488Expenses 2020: $1,519,466Net Income 2020: $469,0222020Revenue 2021: $3,675,214Expenses 2021: $1,580,178Net Income 2021: $2,095,0362021Revenue 2022: $6,742,373Expenses 2022: $1,794,480Net Income 2022: $4,947,8932022Revenue 2023: -$259,918Expenses 2023: $1,834,013Net Income 2023: -$2,093,9312023Revenue 2024: $1,197,962Expenses 2024: $1,801,674Net Income 2024: -$603,7122024Revenue 2025: $1,704,631Expenses 2025: $1,821,300Net Income 2025: -$116,6692025

Highlighted filing

2020

Revenue$1,988,488
Expenses$1,519,466
Net Income$469,022
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 22, 2021
Return Version
2019v5.0
Gross Receipts
$3,542,162
Mission and Program Overview

Mission

This organization provides fellowship grants to the university of utah school of medicine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$19,860,635$20,287,852▲ $427,217
Investments in Publicly Traded Securities$18,304,868$19,413,852▲ $1,108,984
Savings and Temporary Cash Investments$1,555,767$874,000▼ $681,767
Total Assets$19,860,635$20,287,852▲ $427,217
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,860,635$20,287,852▲ $427,217
Total Liabilities and Net Assets / Fund Balance$19,860,635$20,287,852▲ $427,217
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Trustee$129,015$129,015
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,902,638
Other Revenue
$85,850
Change in Net Assets
$469,022
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,384,172
Salaries, Compensation, and Employee Benefits$129,015
Other Expenses$6,279
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,384,172--$1,384,172
Current Officers, Directors, Trustees, and Key Employees$12,902$116,113-$129,015
Other Expenses-$2,297-$2,297
Total Functional Expenses$1,397,074$122,392$0$1,519,466
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Utah School of MedicineSalt Lake City, UT501(c)(3)General Support Grant$1,384,172
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
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
No
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 11-description of Process for Review

Trustee receives and reviews the from 990.

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12C

The organization complies with the same policy and enforcement as its trustees.

Form 990, Page 6, Part VI, Line 19

No documents are available to the public

Filing and Contact Details

Filer

Filer Name
Benning Endowment Fund
EIN
87-6214072
Phone
8887304933
Address
6325 S RAINBOW BLVD STE 300, LAS VEGAS, NV 89118

Signing Officer

Name
-
Title
Trustee
Phone
8887304933
Signed
2021-04-22
Discuss with paid preparer
Yes

Organization Details

Formed
1990
Legal Domicile
Ut
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Pricewaterhousecoopers Llp
Address
600 GRANT STREET, PITTSBURGH, PA 15219
Preparer
Joseph J Castriano
Phone
4123556000
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

Mutual fund timing differences, py return of capital adjustment, and cost basis adjustment

Raw XML AppendixShowing 400 of 410 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE TRUST IS ULTIMATELY CONTROLLED BY THE SENIOR VP FOR HEALTH SCIENCES AT THE UNIVERSITY OF UTAH, THE TRUSTEE MEETS WITH HER TWICE A YEAR TO DISCUSS AND APPROVE INVESTMENTS AND USE OF FUNDS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE SENIOR VP OF THE UNIVERSITY OF UTAH HEALTH SCIENCES MEETS TWICE A YEAR WITH THE TRUSTEE TO DISCUSS INVESTMENT STRATEGIES, THE SENIOR VP REPORTS TO THE TRUSTEE WITH A PLAN FOR THE USE OF THE FUNDS ANNUALLY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE BEGINNING ENDOWMENT FUND PROVIDES THE LARGEST ENDOWMENT FUNDING FOR THE UNIVERSITY OF UTAH, THE DISTRIBUTIONS SOLEY SUPPORT 'BEGINNING FELLOWSHIPSTHE BENNING SOCIETY. THESE ARE THE LARGEST AND MOST PRESTIGIOUS FELLOWSHIPS AND THE RESEARCH ACTIVITIES OF THE 12 BENNING FOLLOWERS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV SECTION D LINE 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART V SECTION D LINE 8
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$28.1$0.00$28.1$1.70$1.82$0.12
2024Detailed filing. Detailed filing data is available for this year.$28.1$0.00$28.1$1.20$1.80$0.60
2023Detailed filing. Detailed filing data is available for this year.$28.7$0.00$28.7$0.26$1.83$2.09
2022Detailed filing. Detailed filing data is available for this year.$29.0$0.00$29.0$6.74$1.79$4.95
2021Detailed filing. Detailed filing data is available for this year.$22.4$0.00$22.4$3.68$1.58$2.10
2020Detailed filing. Detailed filing data is available for this year.$20.3$0.00$20.3$1.99$1.52$0.47
2019Summary only. Only limited summary data is available for this year.$19.9$0.00$19.9$1.64$1.52$0.12
2018Summary only. Only limited summary data is available for this year.$19.7$0.00$19.7$1.72$1.43$0.29
2017Summary only. Only limited summary data is available for this year.$19.5$0.00$19.5$1.38$1.38$0.01
2016Summary only. Only limited summary data is available for this year.$19.4$0.00$19.4$0.94$1.43$0.48
2015Summary only. Only limited summary data is available for this year.$19.9$0.00$19.9$1.17$1.37$0.20
2014Summary only. Only limited summary data is available for this year.$20.1$0.00$20.1$1.39$1.23$0.16
2013Summary only. Only limited summary data is available for this year.$20.0$0.00$20.0$0.87$1.15$0.28
2012Summary only. Only limited summary data is available for this year.$20.2$0.00$20.2$0.70$1.15$0.45
2011Summary only. Only limited summary data is available for this year.$20.7$0.00$20.7$0.64$1.07$0.43