Kennth C Savage Family Foundation
- Assets
- $845.0k
- Revenue
- $572.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Midvale, UT
- Founding
- 05/2000
- Data as of
- 12/2023
- EIN
- 87-0651832
Organization Overview
Kennth C Savage Family Foundation is located in Midvale, UT. The organization was established in 2000. 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. Kennth C Savage Family 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, Kennth C Savage Family Foundation generated $572.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $4.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kennth C Savage Family Foundation has awarded 57 individual grants totaling $19,152,658. 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 |
|---|---|---|---|
John K Savage President | 1 | $0 | |
Carolyn Savage Wright Vice President | 1 | $0 | |
Shannon Savage Magelby Trustee | 1 | $0 | |
Colleen Savage Smith Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $567,833 |
| Interest on Savings | $4,458 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $572,291 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $2,990 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $3,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $845,024 |
| 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 | $845,024 |
| 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, Kennth C Savage Family Foundation has awarded $3,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CYSTIC FIBROSIS FOUNDATION PURPOSE: RAISE FUNDING TO HELP RESEARCH CYSTIC FIBROSIS | $1,000 |
TAYLOR HAGEN MEMORIAL FOUNDATION PURPOSE: PROCEEDS WILL GO TO VARIOUS CAUSES INCLUDING MENTAL ILLNESS, YOUTH GROUPS, AND VARIOUS SUICIDE PREVENTION EFFORTS | $2,500 |