Eccles First Security Foundation
- Assets
- $4.0m
- Revenue
- $1.4m
- Investments
- $2.8m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- Data as of
- 12/2017
- EIN
- 87-6118149
Organization Overview
Eccles First Security Foundation is located in Salt Lake City, UT.
For the year ending 12/2017, Eccles First Security Foundation generated $1.4m in total revenue. All expenses for the organization totaled $223.0k during the year ending 12/2017.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Spencer F Eccles Chairman & Trustee | 2 | $0 | |
Verna Lee Johnston Secretary | 4 | $36,000 | |
Spencer P Eccles President & Trustee | 2 | $0 | |
Katherine Ann Eccles Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $74,813 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,295,369 |
| Capital Gain Net Income | $1,295,369 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,536 |
| Total Revenue | $1,374,718 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,344 |
| Depreciation | $0 |
| Occupancy | $10,788 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,334 |
| Total operating and administrative expenses | $73,008 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $223,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,173,204 |
| 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 | $2,836,999 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,010,203 |
| 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, Eccles First Security Foundation has awarded $150,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN UTAH UNIVERSITY PURPOSE: SCHOLARSHIPS FOR BUSINESS SCHOOL | $10,000 |
BRIGHAM YOUNG UNIVERSITY PURPOSE: SCHOLOARSHIPS FOR THE MARRIOTT SCHOOL OF MANAGEMENT | $15,000 |
UNIVERSITY OF UTAH PURPOSE: DAVID ECCLES SCHOOL OF BUSINESS SCHOLORSHIP FUND | $50,000 |
UTAH STATE UNIVERSITY PURPOSE: JON M. HUNTSMAN SCHOOL OF BUSINESS FOR THE ECCLES FIRST SECURITY FOUNDATION BUSINESS SCHOLARSHIP | $15,000 |
UNIVERSITY OF UTAH PURPOSE: ECCLES FIRST SECURITY FOUNDATION RESERVE ACCOUNT | $40,000 |
WEBER STATE UNIVERSITY PURPOSE: SCHOLOARSHIPS FOR THE BUSINESS SCHOOL | $10,000 |