Salt Lake Arts Council Foundation in Salt Lake Cty, Utah (UT)

Salt Lake Arts Council Foundation
Employer Identification Number (EIN)	870386724
Name of Organization	Salt Lake Arts Council Foundation
Address	54 S Finch Ln, Salt Lake Cty, UT 84102-1809
Activities	Gifts, grants, or loans to other organizations, Cultural performances, Art exhibit
Subsection	Charitable Organization
Ruling Date	09/1984
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$500,000 to $999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$518,363
Amount of Income	$3,218,283
Form 990 Revenue Amount	$2,967,370

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	No	No
Is the organization required to complete Schedule B, Schedule of Contributors?	No	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	No
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	No	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	Yes	Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	No	No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	Yes	Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096	30	45	45
The number of Forms W-2G	0	0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?	No	No	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return	1	1	2
Did the organization file all required federal employment tax returns?	Yes	Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No
Has it filed a Form 990-T for this year?	No	No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?	No	No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?	No	No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?	No	No	No
Did the organization file Form 8886-T?	No	No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?	No	No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?	No	No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?	No	No	No
Did the organization notify the donor of the value of the goods or services provided?	No	No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?	No	No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?	No	No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?	No	No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?	No	No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?	No	No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?	No	No	No
Did the sponsoring organization make any taxable distributions under section 4966?	No	No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?	No	No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?	No	No	No
The amount of tax-exempt interest received or accrued during the year	$0	$0	$0
Is the organization licensed to issue qualified health plans in more than one state?	No	No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans	$0	$0	$0
The amount of reserves on hand	$0	$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?	No	No	No
Has it filed a Form 720 to report these payments?	No	No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$67,919	$68,700
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$0	$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization	0	0
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0

	2011	2012	2013
Statement of Revenue
Total revenue	$1,575,068	$1,859,561	$2,423,854
Contributions, Gifts, Grants and Other Similar Amounts	$1,115,041	$1,359,044	$1,374,637
Program Service Revenue	$98,372	$146,415	$678,408
Promoters of Performing Arts, Sports, and Similar Events with Facilities	$65,476	$107,965	$577,234
Gift, Novelty, and Souvenir Stores	$24,700	$26,300	$35,601
900099	$8,196	$12,150	$58,340
900099	$0	$0	$7,233
All other program service revenue	$0	$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$741	$43	$1,787
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$0	$0	$0
Net rental income	$5,313	$869	$1,943
Gross rents (Real / Personal)	$5,313 / $0	$869 / $0	$1,943 / $0
Less: rental expenses (Real / Personal)	$0 / $0	$0 / $0	$0 / $0
Rental income or (loss) (Real / Personal)	$5,313 / $0	$869 / $0	$1,943 / $0
Net gain/loss from sales of assets other than inventory	$0	$0	$0
Net income/loss from fundraising events	$0	$0	$0
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$355,601	$353,190	$367,079
Gross sales of inventory, less returns and allowances	$467,100	$479,611	$531,822
Less: cost of goods sold	$111,499	$126,421	$164,743
Miscellaneous Revenue	$0	$0	$0

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$1,678,911	$1,829,940	$2,382,664
Grants and other assistance to domestic organizations and domestic governments	$298,491	$328,500	$320,942
Grants and other assistance to domestic individuals	$0	$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals	$0	$0	$0
Benefits paid to or for members	$0	$0	$0
Compensation of current officers, directors, trustees, and key employees	$63,870	$73,965	$82,439
Compensation not included above, to disqualified persons	$0	$0	$0
Other salaries and wages	$202,071	$261,226	$275,132
Pension plan accruals and contributions	$35,083	$42,229	$42,229
Other employee benefits	$0	$0	$0
Payroll taxes	$0	$0	$0
Fees for services (non-employees)
Management	$0	$0	$0
Legal	$0	$0	$0
Accounting	$12,583	$16,929	$10,500
Lobbying	$0	$0	$0
Professional fundraising services	$0	$0	$0
Investment management fees	$0	$0	$0
Other	$0	$0	$0
Advertising and promotion	$24,213	$31,885	$35,967
Office expenses	$6,255	$4,076	$5,299
Information technology	$3,901	$4,002	$432
Royalties	$0	$0	$0
Occupancy	$0	$0	$0
Travel	$0	$0	$1,200
Payments of travel or entertainment expenses for any federal, state, or local public officials	$0	$0	$0
Conferences, conventions, and meetings	$247	$0	$0
Interest	$0	$0	$150
Payments to affiliates	$0	$0	$0
Depreciation, depletion, and amortization	$11,802	$11,802	$12,614
Insurance	$11,388	$4,839	$0
Other expenses	$109,537	$188,661	$1,595,760

	2011	2012	2013
Balance Sheet
Total assets	$266,016	$407,329	$413,595
Cash - non-interest-bearing	$48,638	$144,236	$172,703
Savings and temporary cash investments	$2,287	$47,287	$48,119
Pledges and grants receivable, net	$71,425	$44,275	$75,372
Accounts receivable, net	$0	$0	$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees	$0	$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations	$0	$0	$0
Notes and loans receivable, net	$0	$0	$0
Inventories for sale or use	$0	$0	$0
Prepaid expenses and deferred charges	$52,445	$92,112	$40,271
Land, buildings, and equipment: cost or other basis	$91,221	$79,419	$77,130
Investments - publicly traded securities	$0	$0	$0
Investments - other securities	$0	$0	$0
Investments - program-related	$0	$0	$0
Intangible assets	$0	$0	$0
Other assets	$0	$0	$0
Total liabilities	$261,518	$373,210	$338,286
Accounts payable and accrued expenses	$14,141	$45,730	$36,029
Grants payable	$91,750	$99,500	$100,500
Deferred revenue	$48,120	$145,904	$152,907
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability	$0	$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons	$0	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)	$107,507	$82,076	$48,850
Total net assets or fund balances	$4,498	$34,119	$75,309
Unrestricted net assets	$0	$0	$0
Temporarily restricted net assets	$0	$0	$0
Permanently restricted net assets	$0	$0	$0
Capital stock or trust principal, or current funds	$0	$0	$0
Paid-in or capital surplus, or land, building, or equipment fund	$91,221	$79,419	$77,130
Retained earnings, endowment, accumulated income, or other funds	$-86,723	$-45,300	$-1,821

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported	0
Sum of amounts of support	$0

	2009 - 2013 Total
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
Public Support	$5,688,001
Subtotal Support	$5,688,001
Gifts, grants, contributions, and membership fees received	$5,688,001
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support	$0
Total Support	$8,493,792
Public Support	$5,688,001
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$11,684
Net income from unrelated business activities, whether or not the business is regularly carried on	$0
Other income. Do not include gain or loss from the sale of capital assets	$2,794,107
Gross receipts from related activities, etc.	$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 Salt Lake Arts Council Foundation to others? (optional)

Yes

Add photo of Salt Lake Arts Council Foundation (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

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

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (52.14.80.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
Mineral Collectors Of Utah in Salt Lake Cty, UT
Utah Asian Charitable Foundation in Salt Lake Cty, UT
Cerebral Palsy Of Utah in Salt Lake Cty, UT
Association Of Volunteer Emergency Response Teams Inc in Salt Lake Cty, UT
Order Of The Eastern Star Of Utah, Tooele Valley Chapter No 25 Cathe Okuniewicz in Stansbury Park, UT
Parents Of Murdered Children in West Valley City, UT
Zion Life Foundation, Seven Pillars Foundation Zion (Zion International Organization Of Neighbors) in Payson, UT
Timp Marina Club in American Fork, UT
Children And Youth Services Inc, West Ridge Academy in West Jordan, UT
Utah Gay Fathers Association, Ugf in Murray, UT

Recently Added Reviews

Mineral Collectors Of Utah in Salt Lake Cty, UT

Utah Asian Charitable Foundation in Salt Lake Cty, UT

Cerebral Palsy Of Utah in Salt Lake Cty, UT

Association Of Volunteer Emergency Response Teams Inc in Salt Lake Cty, UT

Order Of The Eastern Star Of Utah, Tooele Valley Chapter No 25 Cathe Okuniewicz in Stansbury Park, UT

Parents Of Murdered Children in West Valley City, UT

Zion Life Foundation, Seven Pillars Foundation Zion (Zion International Organization Of Neighbors) in Payson, UT

Timp Marina Club in American Fork, UT

Children And Youth Services Inc, West Ridge Academy in West Jordan, UT

Utah Gay Fathers Association, Ugf in Murray, UT

Id	Name	Address	State	Established	Total Income
Other organizations in Utah
1	Sahara Cares Foundation	801 North 500 West, Bountiful, UT 84010-6829	UT	2007-10	$63,770
2	Saint Sophia Hellenic Orthodox	5341 S Highland Dr, Salt Lake Cty, UT 84117-7633	UT	1999-08	$259,654
3	Sally Langdon Barefoot Foundation	2490 Wall Ave, Ogden, UT 84401-3057	UT	2004-01	$2,612,760
4	Salt Lake Acting Company	168 W 500 N, Salt Lake Cty, UT 84103-1762	UT	1976-09	$1,864,674
5	Salt Lake Activities Committee	3842 West 1200 North, Salt Lake City, UT 84121	UT	1991-06	$204
6	Salt Lake Advocacy And Community Training Inc	PO BOX 1287, Salt Lake Cty, UT 84110-1287	UT	1957-06	$228,494
7	Salt Lake American	9988 S Aplomado Drive, Sandy, UT 84092	UT	2007-07	$0
8	Salt Lake Area Chamber Of Commerce	175 E 400 S Ste 600, Salt Lake Cty, UT 84111-2329	UT	1982-08	$3,754,932
9	Salt Lake Art Center	20 S West Temple, Salt Lake Cty, UT 84101-1406	UT	1939-02	$1,547,200
10	Salt Lake Arts Academy	844 S 200 E, Salt Lake Cty, UT 84111-4203	UT	2003-05	$2,716,493
11	Salt Lake Arts Council Foundation	54 S Finch Ln, Salt Lake Cty, UT 84102-1809	UT	1984-09	$3,218,283
12	Salt Lake Childrens Choir	3659 S 2245 E, Salt Lake City, UT 84109	UT	1983-02	$36,230
13	Salt Lake Choral Artists	1359 E 6400 S, Salt Lake Cty, UT 84121-2002	UT	2000-10	$384,125
14	Salt Lake Christian Church Inc	5569 S Hew Wood Dr, Taylorsville, UT 84129-1411	UT	1998-05	$0
15	Salt Lake City Bicycle Collective	PO BOX 2400, Salt Lake Cty, UT 84110-2400	UT	2003-10	$433,018
16	Salt Lake City Federal Employees Child Care Center	500 S Foothill Dr 13, Salt Lake City, UT 84148-0001	UT	1990-07	$517,621
17	Utah Film Center Dba Salt Lake City Film Center And, Artists Collaborative	122 S Main St, Salt Lake Cty, UT 84101-1602	UT	2003-07	$4,485,489
18	Salt Lake City Firemens Relief Assoc Inc	11238 Wyngate Ln, Sandy, UT 84092-5270	UT	1974-09	$507,813
19	Salt Lake City Foundation	PO BOX 145451, Salt Lake Cty, UT 84114-5451	UT	1998-01	$2,685
20	Salt Lake City Rotary Foundation	10 W 100 S Ste 400, Salt Lake Cty, UT 84101-1527	UT	1978-06	$231,018

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Salt Lake Arts Council Foundation and has no official or unofficial affiliation with Salt Lake Arts Council Foundation