Family Promise-Salt Lake
- Assets
- $1.2m
- Revenue
- $361.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Salt Lake City, UT
- Founding
- 07/1996
- Data as of
- 06/2024
- EIN
- 87-0547916
Organization Overview
Family Promise-Salt Lake is located in Salt Lake City, UT. The organization was established in 1996. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, Family Promise-Salt Lake employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Promise-Salt Lake 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 06/2024, Family Promise-Salt Lake generated $361.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $353.0k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
WE HELP FAMILIES EXPERIENCING HOMELESSNESS FIND LASTING INDEPENDENCE AND SECURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HUMAN SERVICES FOR FAMILIES EXPERIENCING HOMELESSNESS; INCLUDING HOUSING, SHELTER, AND CASE MANAGEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rocky Cox Chair | Trustee | 1 | $0 |
Cole Wilkes Vice Chair | Trustee | 1 | $0 |
Diane Mcadams-Jones Member | Trustee | 1 | $0 |
Tonya Woolsey Member | Trustee | 1 | $0 |
Deven Moreno Member | Trustee | 1 | $0 |
Melanie Louviere Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $69,414 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,122 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $335,536 |
| Total Program Service Revenue | $0 |
| Investment income | $14,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,015 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,114 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $361,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,303 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,999 |
| Compensation of current officers, directors, key employees. | $8,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,005 |
| Pension plan accruals and contributions | $10,557 |
| Other employee benefits | $13,065 |
| Payroll taxes | $9,294 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $300 |
| Office expenses | $7,894 |
| Information technology | $701 |
| Royalties | $0 |
| Occupancy | $22,394 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,661 |
| Payments to affiliates | $4,125 |
| Depreciation, depletion, and amortization | $19,910 |
| Insurance | $12,685 |
| All other expenses | $0 |
| Total functional expenses | $352,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,165 |
| Savings and temporary cash investments | $394,736 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,258 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $672,913 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,997 |
| Other assets | $0 |
| Total assets | $1,207,069 |
| Accounts payable and accrued expenses | $5,287 |
| Grants payable | $0 |
| Deferred revenue | $8,239 |
| 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 | $179,260 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $192,786 |
| Net assets without donor restrictions | $1,014,283 |
| Net assets with donor restrictions | $0 |
| 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 | $1,207,069 |