This Is The Place Foundation
- Assets
- $18.5m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 115
- Location
- Salt Lake City, UT
- Founding
- 01/1998
- Data as of
- 03/2022
- EIN
- 84-1426573
Organization Overview
This Is The Place Foundation is located in Salt Lake City, UT. The organization was established in 1998. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2022, This Is The Place Foundation employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. This Is The Place 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 03/2022, This Is The Place Foundation generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $6.9m during the year ending 03/2022. While expenses have increased by 3.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THIS IS THE PLACE FOUNDATION IS TO EDUCATE THE PUBLIC ABOUT THE HISTORY, CULTURE, AND CONTEMPORARY LEGACY OF UTAH'S EARLY SETTLERS AND THE CULTURES, GROUPS, AND INDIGENOUS PEOPLE WITH WHOM THEY INTERACTED THROUGH INTERPRETIVE PROGRAMS, LIVING HISTORY EXPERIENCES, RESEARCH, AND EXHIBITS.
Describe the Organization's Program Activity:
PARK IMPROVEMENTS: IMPROVE THE PARK AND IT'S PIONEER VILLAGE. INCLUDES THE ADDITION OF HISTORICAL BUILDINGS.
INTERPRET UTAH'S PIONEER HERITAGE BY RECREATING HISTORY IN A PIONEER VILLAGE DATED FROM 1840 TO 1869. VILLAGE INCLUDES OVER 40 HISTORICAL BUILDINGS, THOUSANDS OF ARTIFACTS, AND EVENTS THAT ARE INTERPRETED BY VOLUNTEERS AND STAFF, AND THE MAINTENANCE AND OPERATION OF THE PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellis Ivory Chairman | OfficerTrustee | 40 | $0 |
Robert Reeder Secretary | OfficerTrustee | 1 | $0 |
Stephan Studdert Board Member | Trustee | 1 | $0 |
David M Nelson Board Member | Trustee | 1 | $0 |
D Paul Gardiner Board Member | Trustee | 1 | $0 |
Randon W Wilson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $465,857 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,097,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,563,567 |
| Total Program Service Revenue | $1,971,220 |
| Investment income | $479,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $947,952 |
| Net Gain/Loss on Asset Sales | $149,146 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $620,640 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,731,994 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,682,007 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $543,977 |
| Payroll taxes | $207,409 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,114 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $221,371 |
| Office expenses | $22,974 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $320,394 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $98,383 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,087 |
| Insurance | $46,469 |
| All other expenses | $103,358 |
| Total functional expenses | $6,869,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,449,258 |
| Savings and temporary cash investments | $51,032 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,616 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $387,958 |
| Prepaid expenses and deferred charges | $32,635 |
| Net Land, buildings, and equipment | $429,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,971,584 |
| Total assets | $18,452,437 |
| Accounts payable and accrued expenses | $1,123,945 |
| Grants payable | $0 |
| Deferred revenue | $496,856 |
| 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 | $0 |
| Total liabilities | $1,620,801 |
| Net assets without donor restrictions | $13,119,605 |
| Net assets with donor restrictions | $3,712,031 |
| 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 | $18,452,437 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that This Is The Place Foundation has recieved totaling $225,000.
| Awarding Organization | Amount |
|---|---|
Clark And Christine Ivory Foundation Salt Lake City, UT PURPOSE: GENERAL FUND | $200,000 |
Beesley Family Foundation St George, UT PURPOSE: EDUCATION & HISTORICAL | $25,000 |
Endowment Analysis
| Beg. Balance | $4,525,556 |
| Earnings | -$1,466 |
| Net Contributions | $977,795 |
| Other Expense | $1,789,854 |
| Ending Balance | $3,712,031 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Bill Memorial Association Cody, WY | $124,253,883 | $15,385,137 |
United States Olympic Museum Colorado Springs, CO | $105,893,156 | $12,173,227 |
Orrin G Hatch Foundation Salt Lake City, UT | $20,026,805 | $2,966,920 |
This Is The Place Foundation Salt Lake City, UT | $18,452,437 | $7,731,994 |
Museum Of Northern Arizona Inc Flagstaff, AZ | $21,755,182 | $7,019,493 |
Nevada Northern Railway Foundation Inc Ely, NV | $12,170,524 | $3,367,956 |
Colorado Railroad Historical Foundation Inc Golden, CO | $11,069,630 | $3,773,051 |
National Atomic Museum Foundation Albuquerque, NM | $7,001,482 | $2,166,618 |
Steamboat Springs Chamber Steamboat Springs, CO | $1,219,063 | $1,684,300 |
Thunderbird Lodge Preservation Society Incline Village, NV | $20,623,171 | $3,496,857 |
Museum Of Western Colorado Grand Junction, CO | $5,482,954 | $1,916,272 |
Jackson Hole Historical Society And Museum Jackson, WY | $6,212,350 | $2,045,652 |