B W Bastian Foundation
- Assets
- $8.3m
- Revenue
- $637.9k
- Investments
- $8.2m
- Employees
- 0
- Location
- Orem, UT
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 84-1378232
Organization Overview
B W Bastian Foundation is located in Orem, UT. The organization was established in 1999. 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. B W Bastian 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 12/2023, B W Bastian Foundation generated $637.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 5 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.
Since 2020, B W Bastian Foundation has awarded 342 individual grants totaling $3,133,687. 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 |
|---|---|---|---|
Bruce W Bastian Trustee | 1 | $0 | |
Michael S Marriott Trustee | 30 | $95,096 | |
Mckay S Matthews Trustee | 1 | $0 | |
Clinton Ford Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $44,610 |
| Dividends & Interest | $110,681 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $482,640 |
| Capital Gain Net Income | $482,640 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $637,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $95,096 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $18,783 |
| Interest | $0 |
| Taxes | $7,365 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,826 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $278,292 |
| Contributions, gifts, grants paid | $874,216 |
| Total expenses and disbursements | $1,152,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,832 |
| Savings and temporary cash investments | $0 |
| 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 | $14,005 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,331,131 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,333,417 |
| Accounts payable and accrued expenses | $605,237 |
| 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 | $605,237 |
Grants Awarded
Over the last fiscal year, B W Bastian Foundation has awarded $874,216 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
UTAH FILM CENTER PURPOSE: CHARITABLE | $7,500 |
VOLUNTEERS OF AMERICA PURPOSE: CHARITABLE | $15,000 |
WESTMINISTER COLLEGE PURPOSE: EDUCATION | $30,000 |
UTAH FOOD BANK PURPOSE: CHARITABLE | $5,500 |
UTAH ANIMAL ADOPTION CENTER PURPOSE: CHARITABLE | $10,000 |
UTAH PRIDE CENTER PURPOSE: CHARITABLE | $200,120 |