Jax Foundation
- Assets
- $557.6k
- Revenue
- $46.9k
- Investments
- $515.9k
- Employees
- 0
- Location
- Salt Lake Cty, UT
- Founding
- 04/2002
- Data as of
- 12/2023
- EIN
- 87-0624351
Organization Overview
Jax Foundation is located in Salt Lake Cty, UT. The organization was established in 2002. 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. Jax 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, Jax Foundation generated $46.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $37.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jax Foundation has awarded 25 individual grants totaling $145,000. 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 |
|---|---|---|---|
Joseph E Fratto FR Board Member | 1 | $0 | |
Anne E Fratto Board Member | 1 | $0 | |
Carolyn M Fratto Board Member | 1 | $0 | |
Lauren Fratto Board Member | 1 | $0 | |
Nicholas Cutler Board Member | 1 | $0 | |
Lindsay Cutshall Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $876 |
| Dividends & Interest | $24,286 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,784 |
| Capital Gain Net Income | $21,784 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,946 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,050 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $393 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,443 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $37,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,747 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $557,628 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Jax Foundation has awarded $35,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN UTAH UNIVERSITY PURPOSE: ADD TO SCHOLARSHIP ENDOWMENT | $5,000 |
UNIVERSITY OF UTAH COLLEGE OF NURSI PURPOSE: ADD TO SCHOLARSHIP ENDOWMENT | $5,000 |
PLANNED PARENTHOOD ACTION COUNCIL PURPOSE: GENERAL USE | $5,000 |
ACLU OF UTAH FOUNDATION PURPOSE: GENERAL USE | $5,000 |
UNIVERSITY OF UTAH DEPT ORTHOPAEDIC PURPOSE: ADD TO SCHOLARSHIP ENDOWMENT | $5,000 |
UNIVERSITY OF UTAH COLLEGE OF LAW PURPOSE: ADD TO ENDOWMENT FOR SCHOLARSHIPS | $5,000 |