Overview
What is Community Trust Of Utah?
Community Trust of Utah is a Salt Lake City-based nonprofit organization, established to serve the charitable purposes of the Community Foundation of Utah. Their mission is to harness Utah's entrepreneurial spirit for the common good. The trust acts as a catalyst for visionary, sustainable, and inclusive philanthropy in Utah by helping individuals gather assets and ideas to benefit the state. In 2022, the organization received 11 significant donations and set up donor-advised funds for those donors.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 83%, Three-Star out of Four Star rating.
Community Trust of Utah has received an 83% rating from Charity Navigator, indicating a solid performance in accountability and financial management. The organization boasts a fully independent board, strong financial oversight, and adherence to important policies such as conflict of interest and whistleblower protections. The high program expense ratio suggests that a significant portion of their funding is directed towards their programs rather than administrative costs.
While the organization demonstrates excellent practices in many areas, there is a notable concern regarding fundraising efficiency, which is rated very low. This may indicate challenges in raising funds effectively relative to the expenses incurred. However, the low liabilities to assets ratio and strong financial health reflected in their overall metrics suggest that the organization is managing its resources well despite this limitation.
Overall, Community Trust of Utah showcases a commitment to transparency and financial accountability, making it a trustworthy option for donors. However, potential supporters may want to consider the fundraising efficiency aspect when assessing their overall impact and financial sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Community Trust Of Utah legitimate?
Community Trust Of Utah is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Trust Of Utah submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Community Trust Of Utah?
The Community Trust of Utah was established to carry out the charitable purposes of the Community Foundation of Utah. Its mission is to harness Utah's entrepreneurial spirit and utilize it for the greater good of the community. The foundation assists individuals in accumulating assets and innovative ideas that will positively impact the state. The organization aspires to be a catalyst for philanthropy, embodying a visionary, sustainable, and inclusive approach.
Who is the CEO of Community Trust Of Utah?
Brad Dickson is the President of Community Trust Of Utah.
What is the revenue of Community Trust Of Utah?
Community Trust Of Utah's revenue in 2022 was $53,168,017.
Who are the executives of Community Trust Of Utah and what are their salaries?
There 5 volunteers at Community Trust Of Utah.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Community Trust Of Utah?
Community Trust Of Utah's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Trust Of Utah
Community Trust of Utah, a charitable organization, was established to carry out the purposes and functions of the Community Foundation of Utah. With a mission to harness Utah's entrepreneurial spirit for the greater good, the Trust aims to help individuals accumulate assets and ideas that will benefit the state. Its vision is to act as a catalyst for philanthropy that is visionary, sustainable, and inclusive. By serving as a connector and facilitator, the Community Trust of Utah fosters charitable giving and creates opportunities for positive change in Utah.
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Impact
October, 2024
Community Trust of Utah has a significant impact by fostering philanthropy that aligns with the entrepreneurial spirit of the state. By facilitating the gathering of assets and ideas, it supports initiatives that serve the common good in Utah. In 2022, the Trust actively engaged in this mission by receiving 11 substantial donations and establishing donor-advised funds, enabling contributors to direct their philanthropic efforts toward causes they value. This approach not only empowers individual donors but also cultivates a culture of giving that is visionary, sustainable, and inclusive, positioning the Trust as a vital catalyst for positive community development and social innovation in Utah.
This information is meant to be a general summary of Community Trust Of Utah. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $22,086,451
- Gross Receipts: $86,712,728
Assets and Liabilities:
- Total Assets: $38,314,413
- Total Liabilities: $1,040,747
- Net Assets: $37,273,666
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Organization Details
Founding Year
2017
Phone
(801) 559-3005Principal Officer
Brad Dickson
Main Address
2257 SOUTH 1100 EAST SUITE 205, SALT LAKE CITY, UT, 84106
NTEE Category
Code: T30 - Philanthropy
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