Friends Of Guadalupe
- Assets
- $935.0k
- Revenue
- $403.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-3984689
Organization Overview
Friends Of Guadalupe is located in Salt Lake City, UT. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Guadalupe 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 06/2022, Friends Of Guadalupe generated $403.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $391.9k during the year ending 06/2022. While expenses have increased by 22.0% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CARRY OUT THE PURPOSES OF GUADALUPE CENTER EDUCATIONAL PROGRAMS, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF GUADALUPE (FOG) ASSISTED WITH THE FINANCING OF THE CONSTRUCTION OF EDUCATIONAL FACILITIES UTILIZING NEW MARKET TAX CREDITS. FOG RECEIVED A GRANT FROM GUADALUPE CENTER EDUCATIONAL PROGRAMS, INC. (GCEP) TO FUND A LEVERAGE LOAN TO AN INVESTMENT FUND WHICH INVESTED IN GUADALUPE HOLDING COMPANY (GHC), ANOTHER SUPPORTING ORGANIZATION FOR GCEP. GHC IS CONSTRUCTING THE EDUCATIONAL FACILITIES AND WILL LEASE THEM TO GCEP UNDER A NET LEASE FOR A 30-YEAR TERM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Korry Kieffer President | OfficerTrustee | 1 | $0 |
Scott Grow Secretary | OfficerTrustee | 1 | $0 |
Matt Lambert Board Member | Trustee | 1 | $0 |
Philip Jeffs Board Member | Trustee | 1 | $0 |
Shelby Herrod Board Member | Trustee | 1 | $0 |
Richard Pater Executive Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $378,189 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $378,189 |
| Total Program Service Revenue | $0 |
| Investment income | $25,079 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $403,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $214,777 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,048 |
| Pension plan accruals and contributions | $4,022 |
| Other employee benefits | $8,219 |
| Payroll taxes | $7,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,940 |
| Fees for services: Other | $3,726 |
| Advertising and promotion | $188 |
| Office expenses | $12,921 |
| Information technology | $3,633 |
| Royalties | $0 |
| Occupancy | $20,008 |
| Travel | $811 |
| 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 | $0 |
| Insurance | $359 |
| All other expenses | $0 |
| Total functional expenses | $391,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,013 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $856,030 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $935,043 |
| Accounts payable and accrued expenses | $4,204 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $717,164 |
| Total liabilities | $721,368 |
| Net assets without donor restrictions | $213,675 |
| Net assets with donor restrictions | $0 |
| 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 | $935,043 |
Grants Awarded
Over the last fiscal year, Friends Of Guadalupe has awarded $6,844,338 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GUADALUPE CENTER EDUCATIONAL PROGRAMS INC PURPOSE: GENERAL SUPPORT OF GCEP PROGRAMS | $120,338 |
GUADALUPE HOLDING COMPANY PURPOSE: FORGIVE OUTSTANDING LOAN BALANCE | $6,724,000 |