Fundet Foundation Inc

Fundet Foundation Inc Overview

Fundet Foundation Inc is located in Salt Lake City, UT. The organization was established in 2003. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2020, Fundet Foundation Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.9%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL TRADE SCHOOLS


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Fundet Foundation Inc Board, Officers & Key Employees

Name (title)Compensation
Hector Cando
Vice President
$0
James Craddock
Secretary
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $6,809,450
Interest on Savings $0
Dividends & Interest $1,132,581
Net Rental Income$0
Net Gain on Sale of Assets -$5,483,612
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $2,458,419

Fundet Foundation Inc Grants Awarded

Over the last fiscal year, Fundet Foundation Inc has awarded $1,029,820 in support to 8 organizations.

Grant RecipientAmount

THE CHURCH OF JESUS CHRIST OF LDS

PURPOSE: CHARATABLE RELIGIOUS DONATIONS

$1,019,890

SOUTHERN VIRGINIA UNIVERSITY

Org PageRecipient Profile

Buena Vista, VA

PURPOSE: EDUCATION

$5,500

DAVIESS MCLEAN BAPTIST ASSOC

PURPOSE: CHAITABLE GIVING

$2,280

BOYSCOUTS OF AMERICA

PURPOSE: YOUTH SUPPORT AND EDUCATION

$1,000

SALT AND LIGHT COUNSIL

Org PageRecipient Profile

Solana Beach, CA

PURPOSE: CHARITABLE GIVING

$480

LDS FAMILY SERVICES

PURPOSE: FAMILY COUNSELING SRVICES

$270
View Grant Profile

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