Utah Valley University Foundation Inc

Organization Overview

Utah Valley University Foundation Inc is located in Orem, UT. The organization was established in 1982. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Utah Valley University Foundation Inc 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, Utah Valley University Foundation Inc generated $26.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $19.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST UVU IN FULFILLING ITS OBJECTIVES TO ADVANCE THE SERVICES OF UVU TO RAISE FUNDS FOR STUDENT SCHOLARSHIPS AND PROGRAM DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNIVERSITY INSTITUTIONAL AND EDUCATIONAL PROGRAM ENHANCEMENT


2,194 SCHOLARSHIPS TO 1,236 STUDENTS, WHICH PAID FOR APPROXIMATELY 17,304 UNIVERSITY CREDIT HOURS


ANNUITY PAYMENTS


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Board, Officers & Key Employees

Name (title)Compensation
Mark Arstein
CEO
$0
Jefferson Moss
COO
$0
Cameron Gunter
Chair
$0
Duane Madsen
2nd Vice Chair
$0
Kris Mcfarland
1st Vice Chair
$0
Mary Astrid Tuminez
University President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$15,124,377
Noncash contributions included in lines 1a–1f $611,308
Total Revenue from Contributions, Gifts, Grants & Similar$15,124,377
Total Program Service Revenue$0
Investment income $1,681,721
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $9,997,896
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $26,803,994

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Utah Valley University Foundation Inc has recieved totaling $154,000.

Awarding OrganizationAmount
C Scott And Dorothy E Watkins Charitable Foundation

West Jordan, UT

PURPOSE: CHARITABLE USE

$85,000
C Scott And Dorothy E Watkins Charitable Foundation

West Jordan, UT

PURPOSE: CHARITABLE USE

$65,000
La Esperanza De Nuestra Comunidad

Eagle, ID

PURPOSE: GENERAL OPERATING SUPPORT

$4,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$46,188,102
Earnings$11,473,117
Admin Expense$734,955
Net Contributions$21,272,268
Other Expense$4,995,226
Ending Balance$73,203,306

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