GOLD2023

Orem Community Foundation

Building a Better Orem

Orem, UT   |  https://oremcf.org/

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GuideStar Charity Check

Orem Community Foundation

EIN: 81-0625490


Mission

To assist the City of Orem in funding vital programs which will have a significant impact on the enrichment and well-being of its residents.

Ruling year info

2003

Principal Officer

Brenn Bybee

Co Principal Officer

Brandon Nelson

Main address

56 N State St

Orem, UT 84057 USA

Show more contact info

EIN

81-0625490

Subject area info

Arts and culture

Education

Public safety

Public affairs

Sports and recreation

Show more subject areas

Population served info

Children and youth

Adults

NTEE code info

Government and Public Administration (W20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

To assist the City of Orem in funding vital programs which will have a significant impact on the enrichment and well-being of its residents.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Human Services

Funding various projects and reputable nonprofits in our community that address any of the following:

- Food Security
- Health Care
- Aging Services
- Mental Health Services
- Housing

Population(s) Served
Adults
Children and youth

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Increase funding for efforts in Orem to improve human services, public safety, education, arts, recreation, and infrastructure.

Use marketing materials to increase city-wide understanding of needs in Orem and opportunities for the residents to get involved in providing solutions, primarily through funding.

Collect donations for specific funding pillars and/or projects within those funding pillars to distribute to reputable nonprofit organizations or the City of Orem in order to carry out the project thoroughly and professionally.

Financials

Orem Community Foundation
Fiscal year: Jul 01 - Jun 30

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

0.00

Average of 0.00 over 4 years

Months of cash in 2023 info

SOURCE: IRS Form 990

0

Average of 0 over 4 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

0%

Average of 0% over 4 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Orem Community Foundation

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Orem Community Foundation

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Orem Community Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Orem Community Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2022 2023
Unrestricted surplus (deficit) before depreciation $0 $0
As % of expenses 0.0% 0.0%
Unrestricted surplus (deficit) after depreciation $0 $0
As % of expenses 0.0% 0.0%
Revenue composition info
Total revenue (unrestricted & restricted) $282,842 $272,468
Total revenue, % change over prior year 0.0% -3.7%
Program services revenue 0.0% 0.0%
Membership dues 0.0% 0.0%
Investment income 0.0% 0.0%
Government grants 0.0% 0.0%
All other grants and contributions 100.0% 100.0%
Other revenue 0.0% 0.0%
Expense composition info
Total expenses before depreciation $282,842 $272,468
Total expenses, % change over prior year 0.0% -3.7%
Personnel 0.0% 0.0%
Professional fees 0.0% 0.0%
Occupancy 0.0% 0.0%
Interest 0.0% 0.0%
Pass-through 100.0% 100.0%
All other expenses 0.0% 0.0%
Full cost components (estimated) info 2022 2023
Total expenses (after depreciation) $282,842 $272,468
One month of savings $23,570 $22,706
Debt principal payment $0 $0
Fixed asset additions $0 $0
Total full costs (estimated) $306,412 $295,174

Capital structure indicators

Liquidity info 2022 2023
Months of cash 0.0 0.0
Months of cash and investments 0.0 0.0
Months of estimated liquid unrestricted net assets 0.0 0.0
Balance sheet composition info 2022 2023
Cash $0 $0
Investments $0 $0
Receivables $0 $0
Gross land, buildings, equipment (LBE) $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0%
Liabilities (as a % of assets) 0.0% 0.0%
Unrestricted net assets $0 $0
Temporarily restricted net assets N/A N/A
Permanently restricted net assets N/A N/A
Total restricted net assets $0 $0
Total net assets $0 $0

Key data checks

Key data checks info 2022 2023
Material data errors No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Principal Officer

Brenn Bybee

Co Principal Officer

Brandon Nelson

Number of employees

Source: IRS Form 990

Orem Community Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Orem Community Foundation

Board of directors
as of 11/29/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

David Young

Brenn Bybee

Brandon Nelson

Bryce Merrill

Organizational demographics

SOURCE: Self-reported; last updated 11/28/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data