Park City Community Foundation
- Assets
- $23.9m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Park City, UT
- Founding
- 10/2003
- Data as of
- 12/2020
- EIN
- 30-0171971
Organization Overview
Park City Community Foundation is located in Park City, UT. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Park City Community Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park City Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Park City Community Foundation generated $11.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $6.5m during the year ending 12/2020. While expenses have increased by 30.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Park City Community Foundation has awarded 378 individual grants totaling $14,950,914. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FOUNDATION PLAYS A VITAL ROLE IN SOLVING GREATER PARK CITY'S MOST CHALLENGING PROBLEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY RESPONSE FUND: THE COMMUNITY FOUNDATION RESPONDED TO THE COVID-19 PANDEMIC THROUGH THEIR INSTRUMENTAL WORK IN RAISING FUNDS FOR ITS COMMUNITY RESPONSE FUND. THIS EMERGENCY FUND WAS ACTIVATED IN 2020 TO SUPPORT PEOPLE WHO WERE DISPROPORTIONATELY IMPACTED BY COVID-19 BY PROVIDING FUNDS FOR URGENT NEEDS SUCH AS ASSISTANCE WITH RENT, BILLS, FOOD, AND HEALTHCARE. OVER $3.4 MILLION WAS RAISED FROM DONORS FROM ACTIVATION THROUGH 2021, INCLUDING A $1M GRANT FROM SUMMIT COUNTY. $2.4M OF THESE FUNDS RAISED WERE GRANTED IN 2020 TO NONPROFIT ORGANIZATIONS HELPING RESIDENTS IMPACTED BY COVID-19, AND THE ADDITIONAL $1M WAS GRANTED IN 2021 AS THE PANDEMIC CONTINUED. TOGETHER, THE NONPROFITS COOLABORATED TO IDENTIFY AND OFFER SUPPORT TO COMMUNITY MEMBERS IN THE MOST NEED.
LIVE PC GIVE PC, WOMEN'S GIVING FUND, COMMUNITY FUND, CLIMATE FUND, NONPROFIT EDUCATION AND OTHER PROGRAMMING: THE COMMUNITY FOUNDATION'S PRIMARY GOAL IS TO SUPPORT GREATER PARK CITY NONPROFITS WITH THE FOLLOWING: GRANT MAKING, EDUCATION AND SEMINARS, AND COMMUNITY GIVING VEHICLES SUCH AS LIVE PC GIVE PC. IN 2021, LIVE PC GIVE PC RAISED OVER $4.4 MILLION FROM OVER 6,200 UNIQUE DONORS AND MORE THAN 100 NONPROFITS PARTICIPATED. THE WOMEN'S GIVING FUND HAD PARTICIPATION FROM OVER 1,400 UNIQUE DONORS WHOSE CONTRIBUTIONS WERE USED TO SUPPORT FAMILY AND YOUTH SERVICES. THE COMMUNITY FUND GRANTED OVER $300,000 TO 52 LOCAL NONPROFITS. THE CLIMATE FUND THAT FOCUSES ON LOCAL, HIGH-IMPACT CLIMATE SOLUTIONS DEPLOYED OVER $500,000 THROUGH 3 ROUNDS OF FUNDING TO SEVERAL LOCAL NONPROFIT ORGANIZATIONS. ADDITIONALLY, THE COMMUNITY FOUNDATION PROVIDED MONTHLY OPPORTUNITIES FOR NONPROFIT STAFF AND VOLUNTEERS TO IMPROVE THEIR EFFECTIVENESS. OVER 400 INDIVIDUALS PARTICIPATED IN THESE HOSTED EDUCATIONAL OPPORTUNITIES IN 2021. OTHER PROGRAMMING INCLUDED DEI SPECIFIC TRAININGS, AND OTHER INITIATIVES THAT CENTERED AROUND THE SOCIAL EQUITY VALUES OF THE COMMUNITY FOUNDATION.
EARLY CHILDHOOD ALLIANCE: THE EARLY CHILDHOOD ALLIANCE WAS FORMED WITH THE VISION THAT ALL WASATCH BACK CHILDREN AGED ZERO TO THREE SHOULD HAVE EQUITABLE AND ABUNDANT OPPORTUNITIES TO THRIVE, LEARN, AND GROW INTO PARTICIPATING MEMBERS OF THE COMMUNITY. THE EARLY CHILDHOOD ALLIANCE ENGAGES, EDUCATES, AND SUPPORTS COMMUNITY PARTNERS AND FAMILIES SO THAT YOUNG CHILDREN CAN REACH THEIR FULL POTENTIAL DURING THIS CRITICAL STAGE OF DEVELOPMENT. THE ALLIANCE WORKS TO ADDRESS THE EVER-GROWING NEED FOR MORE LOCAL CHILDCARE CAPACITY, AND AIMS TO CLOSE SOCIAL EQUITY GAPS FOR CHILDREN ENTERING KINDERGARTEN BY INCREASING ACCESS TO QUALITY EARLY CHILDCARE. SINCE INCEPTION IN 2019, OVER $850,000 HAS BEEN DEPLOYED IN THE COMMUNITY IN BOTH GRANTS AND PROGRAMMING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Wright Executive Director (through April 2021) | Officer | 45 | $86,377 |
Maikella Clark Finance Director | Officer | 29 | $68,501 |
Karen Conway Vice Chair; Co-Chair, Development | OfficerTrustee | 2 | $0 |
Kristi Cumming Chair | OfficerTrustee | 5 | $0 |
Tom Raffa Secretary; Chair, Impact/governance | OfficerTrustee | 4 | $0 |
Paige Penze Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,356,576 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,099,246 |
| Noncash contributions included in lines 1a–1f | $908,603 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,455,822 |
| Total Program Service Revenue | $37,772 |
| Investment income | $330,703 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,105,269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,932,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,805,836 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $197,311 |
| Compensation of current officers, directors, key employees. | $46,659 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $432,956 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $116,592 |
| Payroll taxes | $47,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $46,600 |
| Fees for services: Investment Management | $25,785 |
| Fees for services: Other | $78,485 |
| Advertising and promotion | $43,758 |
| Office expenses | $52,539 |
| Information technology | $22,132 |
| Royalties | $0 |
| Occupancy | $69,896 |
| Travel | $2,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,241 |
| Insurance | $7,964 |
| All other expenses | $55,781 |
| Total functional expenses | $6,457,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $524,609 |
| Savings and temporary cash investments | $482,701 |
| Pledges and grants receivable | $2,164,068 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,999 |
| Net Land, buildings, and equipment | $723,966 |
| Investments—publicly traded securities | $19,972,895 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,650 |
| Total assets | $23,921,888 |
| Accounts payable and accrued expenses | $15,241 |
| Grants payable | $5,234 |
| Deferred revenue | $10,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $225,602 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $144,943 |
| Total liabilities | $401,020 |
| Net assets without donor restrictions | $7,935,287 |
| Net assets with donor restrictions | $15,585,581 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,921,888 |
Grants Awarded
Over the last fiscal year, Park City Community Foundation has awarded $3,027,866 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: MENTAL WELLNESS | $509,674 |
Park City, UT PURPOSE: ARTS, CULTURE | $418,789 |
Park City, UT PURPOSE: EARLY CHILDHOOD | $249,715 |
Boston, MA PURPOSE: PHILANTHROPY | $200,000 |
Salt Lake City, UT PURPOSE: EARLY CHILDHOOD | $135,590 |
Park City, UT PURPOSE: EDUCATIONAL | $89,410 |
Grants Recieved
Over the last fiscal year, we have identified 39 grants that Park City Community Foundation has recieved totaling $1,436,888.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $201,500 |
Dan And Terese Heintzelman Family Foundation Inc Brewster, MA PURPOSE: PROGRAM/PROJ SUPPORT | $200,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $200,000 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $177,250 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $167,250 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: TO FUND THE NEWLY ESTABLISHED AMY S. ESKIND ADVISED FUND. | $63,984 |
Endowment Analysis
| Beg. Balance | $10,695,309 |
| Earnings | $1,343,999 |
| Net Contributions | $546,384 |
| Grants | $402,609 |
| Ending Balance | $12,183,083 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
Peopleforbikes Foundation Boulder, CO | $3,836,789 | $4,747,548 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Colorado Springs Health Foundation Colorado Springs, CO | $192,761,783 | $20,158,263 |
Community Clinics At Mrh Craig, CO | $2,546,314 | $4,871,469 |
Park City Community Foundation Park City, UT | $23,921,888 | $11,932,031 |
Cnm Ingenuity Incoproration Albuquerque, NM | $23,986,328 | $5,524,320 |
Pi Foundation Inc Salt Lake City, UT | $42,544,136 | $12,945,919 |
Sun Angel Foundation Inc Tempe, AZ | $37,255,454 | $9,354,798 |
Thunderbirds Charities Phoenix, AZ | $6,399,663 | $6,410,602 |
Yeshiva Of Phoenix Phoenix, AZ | $4,803,605 | $7,122,946 |
The Summit Foundation Breckenridge, CO | $22,333,564 | $6,446,939 |