Ucross Foundation
- Assets
- $33.6m
- Revenue
- $1.2m
- Investments
- $4.2m
- Employees
- 25
- Location
- Clearmont, WY
- Founding
- 09/1981
- Data as of
- 12/2022
- EIN
- 74-2188539
Organization Overview
Ucross Foundation is located in Clearmont, WY. The organization was established in 1981. 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 12/2022, Ucross Foundation employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ucross 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 12/2022, Ucross Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. 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 FOSTER THE CREATIVE SPIRIT OF DEEPLY COMMITTED ARTISTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING, FOOD AND FACILITIES FOR ARTISTS, POETS, WRITERS, AND MUSICIANS TO LIVE, RESEARCH, DISCUSS, EXPERIMENT AND, ABOVE ALL, CREATE NEW WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Miler Vice President | OfficerTrustee | 5 | $0 |
Jim Nelson Chair And Treasurer | OfficerTrustee | 10 | $0 |
Chad Deaton Trustee | Trustee | 1 | $0 |
Jesse Marion Trustee | Trustee | 1 | $0 |
Roger Plank Trustee | Trustee | 1 | $0 |
Kate Schutt Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,898,870 |
| Noncash contributions included in lines 1a–1f | $1,278 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,903,870 |
| Total Program Service Revenue | $32,070 |
| Investment income | $234,427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$945,621 |
| Net Income from Fundraising Events | -$8,013 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,091 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,248,764 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $94,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $172,430 |
| Compensation of current officers, directors, key employees. | $56,945 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $630,499 |
| Pension plan accruals and contributions | $61,623 |
| Other employee benefits | $252,459 |
| Payroll taxes | $86,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $176 |
| Fees for services: Accounting | $43,164 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $39,453 |
| Fees for services: Investment Management | $190,018 |
| Fees for services: Other | $26,482 |
| Advertising and promotion | $4,869 |
| Office expenses | $85,824 |
| Information technology | $24,639 |
| Royalties | $0 |
| Occupancy | $118,023 |
| Travel | $68,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $92,771 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $248,649 |
| Insurance | $25,575 |
| All other expenses | $104,888 |
| Total functional expenses | $2,629,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,229 |
| Savings and temporary cash investments | $268 |
| Pledges and grants receivable | $571,871 |
| Accounts receivable, net | $3,800 |
| 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 | $31,213 |
| Net Land, buildings, and equipment | $6,631,360 |
| Investments—publicly traded securities | $21,751,317 |
| Investments—other securities | $4,200,258 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $204,457 |
| Total assets | $33,581,773 |
| Accounts payable and accrued expenses | $254,945 |
| 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 | $254,750 |
| Total liabilities | $509,695 |
| Net assets without donor restrictions | $25,112,653 |
| Net assets with donor restrictions | $7,959,425 |
| 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 | $33,581,773 |
Grants Awarded
Over the last fiscal year, Ucross Foundation has awarded $500,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PLANK STEWARDSHIP INITIATIVE PURPOSE: LAND STEWARDSHIP | $350,000 |
WYOMING COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING | $150,000 |