Paul T Walton Jr Charitable Foundation
- Assets
- $9.9m
- Revenue
- $384.8k
- Investments
- $9.7m
- Employees
- 0
- Location
- Cottonwood Heights, UT
- Founding
- 07/2016
- Data as of
- 12/2022
- EIN
- 81-2645760
Organization Overview
Paul T Walton Jr Charitable Foundation is located in Cottonwood Heights, UT. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paul T Walton Jr Charitable 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, Paul T Walton Jr Charitable Foundation generated $384.8k 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 (37.0%) each year.
Since 2018, Paul T Walton Jr Charitable Foundation has awarded 34 individual grants totaling $1,198,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart B Matheson Executive Di | 1 | $7,019 | |
Nancy L Greenlee Admin. Comm. | 0.25 | $1,000 | |
Jeremy Nielson Admin. Comm. | 0.25 | $1,000 | |
Laurel Cannon Alder Admin. Comm. | 0.25 | $1,000 | |
Name Not Listed Trust Office | 1 | $2,542 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,000 |
| Interest on Savings | $3,396 |
| Dividends & Interest | $347,102 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$660 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $384,838 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,561 |
| Other employee salaries and wages | $10,079 |
| Pension plans, employee benefits | $1,308 |
| Interest | $0 |
| Taxes | $7,483 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,631 |
| Total operating and administrative expenses | $80,740 |
| Contributions, gifts, grants paid | $380,000 |
| Total expenses and disbursements | $460,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $244,428 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,600 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,949,815 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Paul T Walton Jr Charitable Foundation has awarded $380,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CANYONLANDS FIELD INSTITUTE INC PURPOSE: OUTDOOR EDUCATION PROGRAM | $10,000 |
UNIVERSITY OF UTAH PURPOSE: REMODEL OF 3RD FLOOR IN FIELDHOUSE | $250,000 |
ROOTS CHARTER HIGH SCHOOL PURPOSE: FOOD PANTRY | $5,000 |
UTAH STATE UNIVERSITY PURPOSE: MUSEUM OF ART | $30,000 |
WASATCH ADAPTIVE SPORTS PURPOSE: ADAPTIVE SPORTS CENTER | $8,000 |
SNOWBASIN SKI EDUCATION FOUNDATION PURPOSE: DEVO & SCHOLARSHIPS | $10,000 |