Utley Foundation in Richardson, Texas (TX)

Organization representatives - add corrected or new information about Utley Foundation »

Non-representatives - add comments about Utley Foundation»

Utley Foundation
Employer Identification Number (EIN)470896355
Name of OrganizationUtley Foundation
In Care of NameAnn K Utley
Address2800 Waterview Parkway, Richardson, TX 75080-1478
SubsectionCharitable Organization
Ruling Date09/2003
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$39,915,313
Amount of Income$7,498,160
Form 990 Revenue Amount$7,498,160
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Student Services, Organizations of Students


Non-representatives - add comments:


CAPTCHA

Your IP address 3.144.104.118 will be logged.

Amount of income in 2011: $7,498,160
This organization: 

 $7,498,160
Other organizations performing similar types of work: 

 $85,334

Assets in 2011: $39,915,313
This organization: 

 $39,915,313
Other organizations performing similar types of work: 

 $44,771

Expenses in 2011: $8,295,770
Utley Foundation: 

 $8,295,770
Other organizations performing similar types of work: 

 $64,634

Income to expenses ratio in 2011: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 0.8

Expenses allocated to program services in 2007: 99.3%
Utley Foundation: 

 99.3%
Other organizations performing similar types of work: 

 80.3%

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$7,498,160
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$7,497,469
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$691
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$8,295,770
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$600,729
Payroll taxes$63,166
Professional fundraising services$0
Other$7,631,875
Balance Sheet (for 2011)
Total assets$39,915,313
Total liabilities$51,959,800
Tax-exempt bond liabilities$49,291,785
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$2,668,015
Total net assets or fund balances$-12,044,487
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$36,177,689
Gifts, grants, contributions, and membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$35,660,534
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$455,996
Other$61,159
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20032004200520062007
Total revenue$1,183,973$5,995,649$6,192,630$6,354,678$6,644,898
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0
Indirect public support$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0
Program service revenue including government fees and contracts$1,140,436$5,786,629$5,925,414$6,028,957$6,368,713
Membership dues and assessments$0$0$0$0$0
Interest on savings and temporary cash investments$43,537$209,020$267,216$325,721$276,185
Dividends and interest from securities$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0
Gross rents$0$0$0$0$0
Less: rental expenses$0$0$0$0$0
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0
Gross revenue$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0
Other revenue$0$0$0$0$0
Total expenses$1,523,133$8,208,805$8,181,405$8,649,202$8,676,177
Program services$1,523,133$8,046,306$8,108,232$8,604,132$8,616,455
Management and general$0$162,499$73,173$45,070$59,722
Fundraising$0$0$0$0$0
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$-339,160$-2,562,282$-4,430,371$-6,724,895$-8,756,174
Excess or (deficit) for the year$-339,160$-2,213,156$-1,988,775$-2,294,524$-2,031,279
Net assets or fund balances at beginning of year$0$-339,160$-2,562,282$-4,430,371$-6,724,895
Other changes in net assets or fund balances$0$-9,966$120,686$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$8,676,177$8,616,455$59,722$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$15,875$0$15,875$0
Legal fees$13,796$0$13,796$0
Supplies$11,776$11,086$690$0
Telephone$29,371$26,434$2,937$0
Postage and shipping$5,228$4,866$362$0
Occupancy$1,303,472$1,303,472$0$0
Equipment rental and maintenance$715,573$715,573$0$0
Printing and publications$14,468$13,343$1,125$0
Travel$1,052$1,052$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$2,553,582$2,553,582$0$0
Depreciation, depletion, etc.$2,588,978$2,588,978$0$0
Other expenses not covered above$1,423,006$1,398,069$24,937$0
Balance Sheets
20032004200520062007
Total assets$57,129,967$54,259,392$51,818,330$49,184,703$46,153,735
Cash - non-interest-bearing$161,870$323,182$41,813$92,582$66,112
Savings and temporary cash investments$130,170$129,470$133,612$52,240$91,003
Accounts receivable less allowance for doubtful accounts$24,770$34,327$49,963$19,897$31,903
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0
Grants receivable$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0
Prepaid expenses and deferred charges$14,129$14,315$124,071$112,902$173,617
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$44,620,372$0$0$0$0
Investments - other$8,627,070$7,882,093$7,638,008$7,551,404$7,022,071
Land, buildings, and equipment less accumulated depreciation$0$42,565,377$40,530,728$38,195,614$35,755,662
Other assets, including program-related investments$3,551,586$3,310,628$3,300,135$3,160,064$3,013,367
Total liabilities$57,469,127$56,821,674$56,248,701$55,909,598$54,909,909
Accounts payable and accrued expenses$560,431$620,536$913,129$1,327,568$1,288,418
Grants payable$0$0$0$0$0
Deferred revenue$32,597$56,539$66,863$222,909$181,840
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$0$56,015,129$55,139,067$54,224,890$53,301,790
Mortgages and other notes payable$56,745,929$0$0$0$0
Other liabilities$130,170$129,470$129,642$134,231$137,861
Total liabilities and net assets/fund balances$57,129,967$54,259,392$51,818,330$49,184,703$46,153,735
Total net assets or fund balances$-339,160$-2,562,282$-4,430,371$-6,724,895$-8,756,174
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20032004200520062007
Total revenue$0$5,995,649$6,192,630$6,354,678$6,644,898
Total revenue, gains, and other support per audited financial statements$0$5,995,649$6,186,327$6,354,678$6,644,898
Other expenses$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0
Other$0$0$0$0$0
Other revenue$0$0$6,303$0$0
Investment expenses$0$0$0$0$0
Other$0$0$6,303$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20032004200520062007
Total expenses$0$8,208,805$8,181,405$8,649,202$8,676,177
Total expenses and losses per audited financial statements$0$8,208,805$8,175,102$8,649,202$8,676,177
Other revenue$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$0$0
Other$0$0$0$0$0
Other expenses$0$0$6,303$0$0
Investment expenses$0$0$0$0$0
Other$0$0$6,303$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings6
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$276,185$6,368,713
Program service revenue
Program service revenue 1000000$000$0$6,345,221
Program service revenue 2000000$000$0$22,489
Program service revenue 3000000$000$0$1,003
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$276,185$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
223876994100%$6,644,898$46,153,735
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization operated for the benefit of a college or university
Support Schedule
20022003200420052006
Total$0$0$0$6,192,630$6,354,678
Gifts, grants, and contributions received$0$0$0$0$0
Membership fees received$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$5,925,414$6,028,957
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$267,216$325,721
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0
Other income$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Utley Foundation to others? (optional)
  
Add photo of Utley Foundation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Student Engineers Council, Engr Ctr Texas A&m UnivTamu 3126, College Station, TX 77843-0001TX2002-11$786,646
2Sci-Tech Discovery Center Inc8004 Dallas Pkwy, Frisco, TX 75034-4003TX2004-03$713,036
3Txcpso Inc2023 Mercoal Drive, Spring, TX 77386TX2001-10$428,306
4Books Between Kids Inc3433 W Alabama, Houston, TX 77027-6033TX2013-08$258,734
5Redhawk Band Booster15250 Rolater Rd, Frisco, TX 75035-9026TX2012-03$213,013
6Generation Tx - San Antonio, Generation Tx San Antonio646 S Main Ave, San Antonio, TX 78204-1210TX2011-03$202,490
7Houston Urban Debate League600 Travis St Ste 4200, Houston, TX 77002TX2009-08$177,376
8Heritage High School Band Booster Association14040 Eldorado Pkwy, Frisco, TX 75035-5852TX2010-04$129,541
9The Underground Safety Foundation Inc8227 Middlebury Ln, Houston, TX 77070-3634TX2002-06$123,109
10Tyler Area P-16 Council6101 Raleigh Dr, Tyler, TX 75703TX2010-08$120,837
11Jubilee Academic Foundation4434 Roland Rd, San Antonio, TX 78222TX2010-08$110,493
12Uil-Region Ii AaBox T 1163, Stephenville, TX 76402-0001TX2014-04$81,120
13William B Travis High School Project Graduation1860 Fm 359 Rd 109, Richmond, TX 77406TX2008-03$79,427
14Rutherford B H Yates Museum IncPO BOX 130726, Houston, TX 77219-0726TX1998-05$65,106
15Westwood Project Graduation IncPO BOX 500016, Austin, TX 78750-0016TX2000-07$64,148
16Taso-Houston Baseball Umpires Scholarship Foundation IncPO BOX 2703, Sugar Land, TX 77487-2703TX2011-09$62,999
17Stragent Foundation211 W Tyler St Ste C-2, Longview, TX 75601-6385TX2010-09$62,755
18Rice Project Graduation IncPo Box 246, Altair, TX 77412TX2000-08$61,908
19Restore EducationPO BOX 692338, San Antonio, TX 78269-2338TX2012-03$49,353
20Tivy High School Project Graduation IncPO BOX 290849, Kerrville, TX 78029-0849TX1997-05$41,996
Number of organizations performing similar types of work
Alaska4
Alabama44
Arkansas18
Arizona44
California358
Colorado52
Connecticut46
District of Columbia29
Delaware21
Florida143
Georgia124
Hawaii17
Iowa22
Idaho11
Illinois90
Indiana58
Kansas26
Kentucky31
Louisiana43
Massachusetts82
Maryland77
Maine13
Michigan95
Minnesota60
Missouri50
Mississippi23
Montana12
North Carolina88
North Dakota4
Nebraska16
New Hampshire11
New Jersey83
New Mexico21
Nevada25
New York181
Ohio85
Oklahoma30
Oregon31
Pennsylvania101
Rhode Island14
South Carolina39
South Dakota7
Tennessee50
Texas232
Utah13
Virginia80
Vermont14
Washington63
Wisconsin47
West Virginia10
Wyoming8
International5
Total2,851

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Utley Foundation and has no official or unofficial affiliation with Utley Foundation