Sorenson Impact Foundation (EIN 45-3203840) - Balance Sheet, 990 Financials

Sorenson Impact Foundation

Salt Lake City, UT, US

•

501(c)(3)

•

EIN

45-3203840

•

sorensonimpactfoundation.org

•

Private Foundation

Family Foundation

Sorenson Impact Foundation

Salt Lake City, UT, US

•

501(c)(3)

•

EIN

45-3203840

•

sorensonimpactfoundation.org

•

Private Foundation

Family Foundation

Overview

Programs

990s

Income Statement

Balance Sheet

How to Apply

People

Board & Team

Financials

Financial Trends

Funding

Funders

Grants Received

Grantmaking

Giving Insights

Grantees

Grants Given

Overlap

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Balance Sheet

Fiscal Year Start:

Jan 1

Assets in 2024 (Year End)

$140,180,609

Investments

97%

Cash & Equivalents

Other Assets

Receivables (Non-Related)

Related-Party Receivables

Inventories

Prepaid Expenses

Property, Plant, & Equipment (net)

Liabilities in 2024 (Year End)

$40,054

Payables & Accruals

63%

Other Liabilities

37%

Grants Payable

Deferred Revenue

Tax-Exempt Bond Liabilities

Custodial & Escrow Liabilities

Notes Payable / Debt (Non-Related)

Related-Party Payables

Tax-Exempt Bond Liabilities

N/A

Custodial & Escrow Liabilities

N/A

Assets

2023

2024

Change

Cash & Equivalents

$1,188,480

$2,802,929

+136%

Receivables (Non-Related)

Related-Party Receivables

Inventories

Prepaid Expenses

Investments

$138,669,375

$135,566,048

-2%

Property, Plant, & Equipment (net)

Other Assets

$2,215,917

$1,811,632

-18%

Total Assets

$142,073,772

$140,180,609

-1%

Liabilities

2023

2024

Change

Payables & Accruals

$492

$25,091

+5000%

Grants Payable

Deferred Revenue

Tax-Exempt Bond Liabilities

N/A

Custodial & Escrow Liabilities

N/A

Notes Payable / Debt (Non-Related)

Related-Party Payables

Other Liabilities

$29,938

$14,963

-50%

Total Liabilities

$30,430

$40,054

+32%

Net assets

2023

2024

Change

Restricted Net Assets

N/A

Unrestricted Net Assets

N/A

Net assets

2023

2024

Change

Net assets

+$142,043,342

+$140,140,555

-1%