Park City Education Foundation
- Assets
- $4.3m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Park City, UT
- Founding
- 03/1991
- Data as of
- 06/2021
- EIN
- 74-2552454
Organization Overview
Park City Education Foundation is located in Park City, UT. The organization was established in 1991. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, 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. Park City Education 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 06/2021, Park City Education Foundation generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. While expenses have increased by 7.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PCEF'S MISSION IS TO RAISE CAPITAL TO SUPPORT HIGH-IMPACT PROGRAMS THAT ADVANCE STUDENT ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED PROGRAMS AFOR STUDENTS K-12 WITH IN PARK CITY SCHOOL DISTRICT AS WELL AS LIMITED NUMBER OF FIRST YEAR COLLEGE SCHOLARSHIPS FOR PARK CITY HIGH SCHOOL GRADUATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Caplan Member | OfficerTrustee | 1 | $0 |
Beth Cummings Member | OfficerTrustee | 1 | $0 |
Chris Neff Member | OfficerTrustee | 1 | $0 |
Abby Mcnulty Executive Di | Officer | 40 | $0 |
Ben Rifkin Member | Trustee | 1 | $0 |
Heather Koopman Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $70,000 |
| Membership dues | $0 |
| Fundraising events | $49,669 |
| Related organizations | $180,683 |
| Government grants | $350,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,607,670 |
| Noncash contributions included in lines 1a–1f | $114,999 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,258,522 |
| Total Program Service Revenue | $0 |
| Investment income | $226,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $535,683 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,020,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $928,196 |
| Grants and other assistance to domestic individuals. | $271,939 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $141,833 |
| Compensation of current officers, directors, key employees. | $56,733 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,760 |
| Pension plan accruals and contributions | $87,812 |
| Other employee benefits | $85,563 |
| Payroll taxes | $28,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,659 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,611 |
| Advertising and promotion | $18,114 |
| Office expenses | $29,006 |
| Information technology | $8,601 |
| Royalties | $0 |
| Occupancy | $30,278 |
| Travel | $15,954 |
| 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 | $2,973 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,224,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,955,661 |
| Pledges and grants receivable | $667,733 |
| 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 | $25,539 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,617,391 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,266,324 |
| Accounts payable and accrued expenses | $109,995 |
| Grants payable | $0 |
| Deferred revenue | $631,295 |
| 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 | $347,639 |
| Total liabilities | $1,088,929 |
| Net assets without donor restrictions | $2,559,567 |
| Net assets with donor restrictions | $617,828 |
| 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 | $4,266,324 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Park City Education Foundation has recieved totaling $574,751.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $138,625 |
Park City Community Foundation Park City, UT PURPOSE: EDUCATIONAL | $89,410 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $72,987 |
United Way Of Salt Lake Salt Lake City, UT PURPOSE: VOCATIONAL TECHNICAL; RAISE CAPTIAL TO SUPPORT HIGH-IMPARCT PROGRAMS THAT ADVANCE STUDENT ACHIEVEMENT | $65,000 |
John C Kish Foundation Las Vegas, NV PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Windermere Foundation Seattle, WA PURPOSE: EDUCATION/JOB TRAINING & COUNSELING | $40,000 |
Endowment Analysis
| Beg. Balance | $53,848 |
| Ending Balance | $53,848 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Nevada Culinary And Bartenders Training Fund A Trust North Las Vegas, NV | $6,674,284 | $16,437,102 |
E-Institute Charter School Inc Glendale, AZ | $5,349,223 | $5,255,212 |
Calibre Academy Inc Glendale, AZ | $11,926,641 | $5,251,509 |
National Tactical Officers Association Colorado Springs, CO | $2,706,085 | $5,194,177 |
Electrical Jatc Southern Nevada Las Vegas, NV | $5,395,863 | $3,969,767 |
Las Vegas Plumbers And Pipefitters Local Union 525 Apprentice And Tra Las Vegas, NV | $13,349,147 | $3,523,030 |
Phoenix Advantage Charter School Inc Phoenix, AZ | $6,755,365 | $3,116,244 |
Phoenix Electrical Joint Apprentice Phoenix Electrical Jatc Phoenix, AZ | $4,412,540 | $2,803,769 |
Park City Education Foundation Park City, UT | $4,266,324 | $3,020,794 |
New Mexico Pipe Trades Joint Apprenticeship Fund Albuquerque, NM | $5,396,358 | $2,206,148 |
Big Brothers-Big Sisters Of Utah Inc Salt Lake City, UT | $1,937,672 | $2,352,525 |
Cosanti Foundation Mayer, AZ | $6,295,849 | $1,833,941 |