Kolob Foundation
- Assets
- $150.6k
- Revenue
- $2.7k
- Investments
- $139.1k
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 01/1996
- Data as of
- 12/2022
- EIN
- 87-6231892
Organization Overview
Kolob Foundation is located in Salt Lake City, UT. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Kolob 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 12/2022, Kolob Foundation generated $2.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (30.3%) each year. All expenses for the organization totaled $3.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (25.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS - 1 BENEFICIARY
EDUCATIONAL SCHOLARSHIPS - 1 BENEFICIARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy J Green Trustee | 0 | $0 | |
Penelope Green Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,609 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,443 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,666 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $194 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,233 |
| Total operating and administrative expenses | $3,171 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,541 |
| 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 | $150,608 |
| 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, Kolob Foundation has awarded $15,006 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UTAH FOOD BANK PURPOSE: CASH FOR NON-PROFIT | $3,000 |
CROSSROADS URBAN CENTER PURPOSE: CASH FOR NON-PROFIT | $3,000 |
PRIMARY CHILDRENS HOSPITAL PURPOSE: CASH FOR NON-PROFIT | $1,000 |
COMMUNITY FOUNDATION OF UTAH PURPOSE: TO HELP AFGHAN REFUGEES | $7,000 |
PBS PURPOSE: CASH FOR NON-PROFIT | $1,006 |