Canyon Institute
- Assets
- $40.0m
- Revenue
- $765.2k
- Investments
- $39.7m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 12/2015
- Data as of
- 06/2021
- EIN
- 86-0977269
Organization Overview
Canyon Institute is located in Phoenix, AZ. The organization was established in 2015. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canyon Institute 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 06/2021, Canyon Institute generated $765.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.3%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Canyon Institute has awarded 502 individual grants totaling $4,646,347. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Brotherton JD Trustee/vice Chair | 1 | $0 | |
Jeff Pettett Trustee/chair/president | 1 | $0 | |
Lori Horn Bustamante Trustee | 1 | $0 | |
Jon Althouse COO | 13 | $0 | |
Kimberly Tobey Trustee | 1 | $0 | |
Eric Cook Trustee/sec/treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Laird & Associates Pc | 6/29/21 | $200,300 |
Commonfund | 6/29/21 | $113,866 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,375 |
| Interest on Savings | $0 |
| Dividends & Interest | $353,291 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $427,398 |
| Capital Gain Net Income | $2,428,043 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$44,887 |
| Total Revenue | $765,177 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $204,422 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,041 |
| Printing and publications | $0 |
| Other expenses | $32,536 |
| Total operating and administrative expenses | $603,611 |
| Contributions, gifts, grants paid | $1,625,537 |
| Total expenses and disbursements | $2,229,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,218 |
| Savings and temporary cash investments | $51,427 |
| 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 | $15,595 |
| Net Investments - land, buildings, equipment | $210,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $39,668,485 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,989,725 |
| Accounts payable and accrued expenses | $54,940 |
| 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 | $199,000 |
| Total liabilities | $253,940 |
Grants Awarded
Over the last fiscal year, Canyon Institute has awarded $1,625,537 in support to 164 organizations.
| Grant Recipient | Amount |
|---|---|
GUIDESTONE FINANCIAL RESOURCES PURPOSE: MISSION DIGNITY SUPPORT FOR RETIRED PASTORS AND WIDOWS | $201,525 |
Phoenix, AZ PURPOSE: SIS SCHOLARSHIP PROGRAM | $150,630 |
PHOENIX RESCUE MISSION PURPOSE: CAPITAL CAMPAIGN, HOPE COACH, AND FOOD BANK | $127,500 |
ARIZONA SOUTHERN BAPTIST CONVENTION PURPOSE: ARIZONA CHRISTIAN CHALLENGE | $115,500 |
GCU SCHOLARSHIP FOUNDATION PURPOSE: SCHOLARSHIPS TO STUDENTS AT GCU | $103,858 |
NORTH AMERICAN MISSION BOARD OF THE SBC PURPOSE: DISASTER RELIEF SUPPLIES | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California State University East Bay Foundation Inc Hayward, CA | $25,796,155 | $16,250,485 |
Campus Research Corporation Tucson, AZ | $42,821,356 | $14,706,755 |
Hsdl Llc Provo, UT | $2,946,169 | $10,965,696 |
Frank Lloyd Wright Foundation Scottsdale, AZ | $22,427,881 | $12,357,928 |
University Union Operation Of Ca State Univ Sacramento Sacramento, CA | $25,245,130 | $13,834,103 |
John Paul The Great Catholic University Escondido, CA | $9,814,132 | $8,425,507 |
San Francisco Bay University Fremont, CA | $295,269,122 | $7,298,553 |
Arizona State University Research Park Inc Scottsdale, AZ | $67,696,624 | $12,610,493 |
University Of The West Rosemead, CA | $35,930,246 | $8,666,423 |
Wave Enterprises Inc Malibu, CA | $44,595,796 | $15,038,830 |
South Baylo University Anaheim, CA | $11,124,164 | $3,345,995 |
Lincoln University Oakland, CA | $4,471,602 | $5,245,780 |