Marshall Gates Foundation
- Assets
- $10.7m
- Revenue
- $3.3m
- Investments
- $6.5m
- Employees
- 0
- Location
- Sandy, UT
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 77-0623253
Organization Overview
Marshall Gates Foundation is located in Sandy, UT. The organization was established in 2007. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshall Gates 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 12/2021, Marshall Gates Foundation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.5% each year . All expenses for the organization totaled $699.1k during the year ending 12/2021. While expenses have increased by 0.8% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND MAINTAIN BASEBALL COMPLEX
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Shepherd Trustee | 5 | $67,250 | |
Kevin P Gates Trustee | 5 | $0 | |
Robert M Taylor Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,856,885 |
| Interest on Savings | $82 |
| Dividends & Interest | $105,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $316,035 |
| Capital Gain Net Income | $316,035 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,278,153 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $67,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,580 |
| Depreciation | $75,965 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $222,831 |
| Printing and publications | $988 |
| Other expenses | $319,891 |
| Total operating and administrative expenses | $699,071 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $699,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,371,500 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $345 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $798,291 |
| Other assets | $0 |
| Total assets | $10,679,002 |
| Accounts payable and accrued expenses | $4,779 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,779 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Young Mens Christian Association Of Idaho Falls Inc Idaho Falls, ID | $1,768,247 | $1,209,104 |
Boulder Valley Girls Softball Association Inc Lafayette, CO | $324,000 | $1,148,732 |
Society For American Baseball Research Inc Phoenix, AZ | $1,528,339 | $1,011,402 |
Players Choice Academy Inc Scottsdale, AZ | $125,238 | $909,456 |
Vegas Valley Baseball Inc Henderson, NV | $49,915 | $696,596 |
Marshall Gates Foundation Sandy, UT | $10,679,002 | $3,278,153 |
Sparta United Soccer Club Salt Lake City, UT | $2,464,639 | $845,948 |
Grand Junction Baseball Committee Inc Grand Junction, CO | $566,304 | $554,215 |
Greeley-Evans Elks Youth Baseball League Inc Greeley, CO | $95,345 | $528,434 |
Steamboat Springs Youth Soccer Association Steamboat Springs, CO | $283,893 | $610,288 |
Hotshots Softball Of Arizona Inc An Arizona Nonprofit Corporation Tempe, AZ | $46,925 | $500,314 |
Connie Mack World Series Association Farmington, NM | $94,675 | $457,444 |