2024-08-13T16:26:23-04:00 2023-12-31 460952065 BOUNTIFUL PEAK ADVISORS 1564 SOUTH 500 WEST SUITE 201 BOUNTIFUL UT 840107400 990 2023-01-01 870272392 UTAH HERITAGE FOUNDATION UTAH 8015330858 375 N CANYON ROAD SALT LAKE CITY UT 84103 BRANDY STRAND EXECUTIVE DIRECTOR 8015330858 2024-08-13 true true SHALAUN T HOWELL CPA P00969274 8012943155 2024-08-13 2023 2024-08-08 14:25:15Z PRESERVATION UTAH BRANDY STRAND 375 N CANYON ROAD SALT LAKE CITY UT 84103 360010 false X WWW.PRESERVATIONUTAH.ORG X 1966 UT THE ORGANIZATION'S MISSION IS TO KEEP THE PAST ALIVE, NOT ONLY FOR PRESERVATION, BUT TO INSPIRE AND PROVOKE A MORE CREATIVE PRESENT AND SUSTAINABLE FUTURE. 16 16 16 200 0 301827 125311 52946 33461 12594 46720 -18408 -35656 348959 169836 3908 9000 0 171038 149852 153 0 25388 122449 86501 297548 245353 51411 -75517 1865977 1802273 437961 121909 1428016 1680364 X THE ORGANIZATION'S MISSION IS TO KEEP THE PAST ALIVE, NOT ONLY FOR PRESERVATION, BUT TO INSPIRE AND PROVOKE A MORE CREATIVE PRESENT AND SUSTAINABLE FUTURE. false false 42989 EDUCATION & ADVOCACY PRESERVATION UTAH ADVOCATES FOR PRESERVATION-ORIENTED PUBLIC POLICIES BY WORKING WITH ELECTED OFFICIALS AND ADMINISTRATORS, SUPPORTING RELEVANT LEGISLATION, AND PROVIDING CREATIVE AND SUSTAINABLE SOLUTIONS IN COLLABORATION WITH PROPERTY OWNERS. THE ORGANIZATION PARTNERS WITH THE UTAH STATE HISTORIC PRESERVATION OFFICE TO HOST AN ANNUAL PRESERVATION CONFERENCE AND ALSO PROVIDES EDUCATION TO THE PUBLIC THROUGH LECTURE SERIES, ONGOING TOURS, AND CULTURAL EVENTS. IN ALL OF ITS OUTREACH, PRESERVATION UTAH AIMS TO EDUCATE THE PUBLIC ABOUT UTAH'S ARCHITECTURAL LEGACY AND HISTORIC PRESERVATION. THE ANNUAL PRESERVATION CONFERENCE IS THE PREMIER PRESERVATION CONFERENCE IN THE STATE OF UTAH. IT BRINGS TOGETHER PRESERVATION PROFESSIONALS, TECHNICAL EXPERTS, STUDENTS, PROPERTY OWNERS, AND THE GENERAL PUBLIC TO NETWORK AND LEARN ABOUT PRESERVATION IN OUR STATE. 43479 9000 24289 HISTORIC PROPERTIES PRESERVATION UTAH'S HISTORIC PROPERTIES PROGRAM PRESERVES AND PROTECTS UTAH'S BUILT ENVIRONMENT THROUGH LOAN, EASEMENT, AND REHABILITATION PROJECTS. SINCE 1970, THE ORGANIZATION HAS MANAGED A REVOLVING LOAN FUND THAT OFFERS LOW-INTEREST LOANS TO OWNERS OF HISTORIC PROPERTY. LOAN PROJECTS MUST MEET NATIONAL STANDARDS OF HISTORIC PRESERVATION TO BE APPROVED. SINCE THE LOAN PROGRAM'S INCEPTION, ENTIRE NEIGHBORHOODS HAVE BEEN REVITALIZED. THE EASEMENT PROGRAM PROVIDES PERMANENT PROTECTION FOR OVER 125 HISTORIC PROPERTIES IN THE STATE OF UTAH. EACH YEAR, PRESERVATION UTAH INSPECTS THESE PROPERTIES AND RATES THEIR CONDITIONS. A REPORT IS GIVEN TO EACH PROPERTY OWNER WITH SUGGESTIONS ON HOW TO CARE FOR THEIR PROPERTY. THE REHABILITATION PROGRAM PROVIDES THE PUBLIC WITH PRACTICAL PRESERVATION TRAINING THROUGH GUEST LECTURES AND WORKSHOPS. THE EVENTS FOCUS ON TRAINING IN HISTORIC PRESERVATION TECHNIQUES. 15694 9172 OTHER PROGRAM THROUGHOUT THE YEAR, THE ORGANIZATION OFFERS OTHER PROGRAMMING THAT ALIGNS WITH ITS MISSION, INCLUDING THE COMMUNITY STEWARDSHIP AWARDS AND HOME TOURS. THE ORGANIZATION'S COMMUNITY STEWARDSHIP AWARDS RECOGNIZE THE BEST IN UTAH'S PRESERVATION WORK ANNUALLY. AWARD CATEGORIES INCLUDE REHABILITATION & RESTORATION, HERITAGE ORGANIZATION OR BUSINESS, ADAPTIVE REUSE, INDIVIDUAL, AND LIFETIME ACHIEVEMENT. THE ORGANIZATION'S SEMI-ANNUAL HOME TOURS FOCUS ON VARIED HISTORIC NEIGHBORHOODS IN UTAH. THEY ARE OFFERED TO THE GENERAL PUBLIC AND PROVIDE EDUCATION AND HISTORY ABOUT THE HOMES, NEIGHBORHOODS, AND ARCHITECTURAL STYLES OF THE FEATURED PROPERTIES. PROPERTIES SELECTED IN THE TOURS DEMONSTRATE POSITIVE CASES OF HISTORIC PRESERVATION AND ARE EXAMPLES TO BE REPLICATED BY THE PUBLIC IN THEIR OWN REHABILITATION WORK. 102162 true true false false false false true false false false true false false false false true true false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false true 8 0 16 true false false false false false true true false false false false false false X 16 16 false false true false true true false true true false false true true true true true true true false false UT X X X BOUNTIFUL PEAK ADVISORS 8012943155 1564 S 500 W STE 201 BOUNTIFUL UT 84010 BRANDY STRAND EXECUTIVE DI 40.00 X 27576 0 0 DAVID AMOTT EXECUTIVE DI 40.00 X 6760 0 0 KRISTIAN KALLAKER INTERIM EX. 20.00 X 12876 0 0 TIMOTHY HOUPT CHAIR 4.00 X X 0 0 0 PATRICK BECKER VICE CHAIR 4.00 X X 0 0 0 MELANIE GONG TREASURER 1.50 X X 0 0 0 RANDY HOFFMAN SECRETARY 3.00 X X 0 0 0 JACK HODGKINS BOARD MEMBER 1.50 X 0 0 0 MALARIE DEVINCENT BOARD MEMBER 1.00 X 0 0 0 WILLIAM PRATT BOARD MEMBER 1.00 X 0 0 0 STEVE CORNELL BOARD MEMBER 1.50 X 0 0 0 JACK DAVIS BOARD MEMBER 2.00 X 0 0 0 SUZY ESKENAZI BOARD MEMBER 2.00 X 0 0 0 DALTON GACKLE BOARD MEMBER 2.00 X 0 0 0 DAVID HUNTER BOARD MEMBER 2.00 X 0 0 0 JORDAN MENZEL BOARD MEMBER 0.50 X 0 0 0 NATHAN MILLER BOARD MEMBER 1.50 X 0 0 0 TRACEY SMITH BOARD MEMBER 2.00 X 0 0 0 GABRIELA RICHARDSON BOARD MEMBER 1.50 X 0 0 0 AMBER ANDERSON BOARD MEMBER 1.50 X 0 0 0 CHRIS TOWSON BOARD MEMBER 0.50 X 0 0 0 JAYMEE HASTY BOARD MEMBER 0.50 X 0 0 0 47212 false false false 3341 13270 95000 13700 5568 125311 REGISTRATION FEES 900099 28557 28557 OTHER 900099 4524 4524 LOAN, INSPECTION, TITLE FEES 522291 380 380 33461 46353 46353 124249 5697 141859 16139 -17610 -10442 -28052 -28052 17692 17325 367 367 367 7247 13270 14851 -7604 -7604 169836 33461 11064 9000 9000 53460 4544 42010 6906 77513 55490 12989 9034 3041 1651 1030 360 4097 3407 145 545 11741 5535 4794 1412 250 250 30766 30766 3248 3248 738 738 483 245 238 4795 1648 2228 919 4672 1222 1753 1697 10702 5036 4304 1362 3 3 120 120 75 34 33 8 2000 2000 9761 4702 3647 1412 REPAIR AND MAINTENANCE 9155 4124 3977 1054 BANK AND MERCHANT FEES 3189 929 2260 SUPPLIES 2452 2032 241 179 EQUIPMENT RENTAL 1462 760 540 162 2630 1680 850 100 245353 102162 117803 25388 9231 1112029 1105302 136446 95000 1205 2325 331276 295976 4736 1000 297806 274522 28664 23284 242390 279386 1865977 1802273 32348 20480 10075 12175 395538 89254 437961 121909 X 802943 738818 625073 941546 1428016 1680364 1865977 1802273 X -75517 27865 300000 X false true X true false X 267115 101459 198521 213827 30311 811233 85764 85300 85300 88000 95000 439364 62006 93000 89254 85624 78368 408252 414885 279759 373075 387451 203679 1658849 159147 1499702 16054 13065 17136 20689 46353 113297 21047 21047 1793193 115106 0.83630 0.86980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 127 62.50 117 7 1 false 857.00 31191 true 246214 229219 16995 51592 45303 6289 23284 X 444925 27865 82308 110173 334752 3248 -168164 -164916 169836 492577 82308 168164 250472 242105 3248 3248 245353 SCHEDULE D, PAGE 1, PART II, LINE 9 THE ORGANIZATION HAS ACQUIRED ITS CONSERVATION EASEMENTS THROUGH DONATION. THE ORGANIZATION CONSIDERS ITS CONSERVATION EASEMENTS TO BE COLLECTIONS, UNDER GAAP, BECAUSE THEY ARE HELD IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FOR FINANCIAL GAIN AND THEY ARE PROTECTED, CARED FOR, AND PRESERVED. THE ORGANIZATION DOES NOT SELL ITS EASEMENTS. THE ORGANIZATION HAS ELECTED NOT TO CAPITALIZE ITS EASEMENTS, UNDER FASB ASC 958-360-25-3. UNDER FASB 958-605-19, CONTRIBUTED COLLECTION ITEMS THAT ARE NOT CAPITALIZED SHOULD NOT BE RECOGNIZED AS REVENUES OR GAINS. SCHEDULE D, PAGE 3, PART X THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3), QUALIFYING FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A). THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) AND IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN IN ITS ANNUAL FILING AND DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FORMS 990 ARE NO LONGER SUBJECT TO TAX EXAMINATION FOR YEARS BEFORE 2020. SCHEDULE D, PAGE 4, PART XI, LINE 4B SPECIAL EVENT EXPENSES -10,166 MEMORIAL HOUSE RENT EXPENSES -157,998 SCHEDULE D, PAGE 4, PART XII, LINE 2D SPECIAL EVENT EXPENSES 10,166 MEMORIAL HOUSE RENT EXPENSES 157,998 GALA 20517 13270 7247 9583 569 4699 20517 13270 7247 9583 569 4699 14851 -7604 true HISTORIC RESTORATION 2 9000 SCHEDULE I, PAGE 1, PART I, LINE 2 THE ORGANIZATION HAD A CERTAIN FUND THAT WAS DONOR RESTRICTED FOR HISTORIC PROPERTY RESTORATION. THE ORGANIZATION ACCEPTED APPLICATIONS FROM THE COMMUNITY. ELIGIBLE INDIVIDUALS NEEDED TO BE OWNERS OF A HISTORIC PROPERTY WHO WERE UNDERGOING IMPROVEMENT PROJECTS TO RESTORE ASPECTS OF THEIR HISTORIC PROPERTY TO THEIR ORIGINAL CONDITION. INDIVIDUALS APPLYING PROVIDED SPECIFIC DETAILS ABOUT THEIR PROJECTS AND THE METHODS AND CONTRACTORS BEING USED TO DO THE WORK. PARTICIPANTS PAID FOR THEIR RESTORATION PROJECTS THEMSELVES AND REQUESTED REIMBURSEMENT UP TO A SPECIFIED GRANT AMOUNT FROM THE ORGANIZATION. FORM 990, PAGE 2, PART III, LINE 4A EDUCATION & ADVOCACY PRESERVATION UTAH ADVOCATES FOR PRESERVATION-ORIENTED PUBLIC POLICIES BY WORKING WITH ELECTED OFFICIALS AND ADMINISTRATORS, SUPPORTING RELEVANT LEGISLATION, AND PROVIDING CREATIVE AND SUSTAINABLE SOLUTIONS IN COLLABORATION WITH PROPERTY OWNERS. THE ORGANIZATION PARTNERS WITH THE UTAH STATE HISTORIC PRESERVATION OFFICE TO HOST AN ANNUAL PRESERVATION CONFERENCE AND ALSO PROVIDES EDUCATION TO THE PUBLIC THROUGH LECTURE SERIES, ONGOING TOURS, AND CULTURAL EVENTS. IN ALL OF ITS OUTREACH, PRESERVATION UTAH AIMS TO EDUCATE THE PUBLIC ABOUT UTAH'S ARCHITECTURAL LEGACY AND HISTORIC PRESERVATION. THE ANNUAL PRESERVATION CONFERENCE IS THE PREMIER PRESERVATION CONFERENCE IN THE STATE OF UTAH. IT BRINGS TOGETHER PRESERVATION PROFESSIONALS, TECHNICAL EXPERTS, STUDENTS, PROPERTY OWNERS, AND THE GENERAL PUBLIC TO NETWORK AND LEARN ABOUT PRESERVATION IN OUR STATE. FORM 990, PAGE 2, PART III, LINE 4B HISTORIC PROPERTIES PRESERVATION UTAH'S HISTORIC PROPERTIES PROGRAM PRESERVES AND PROTECTS UTAH'S BUILT ENVIRONMENT THROUGH LOAN, EASEMENT, AND REHABILITATION PROJECTS. SINCE 1970, THE ORGANIZATION HAS MANAGED A REVOLVING LOAN FUND THAT OFFERS LOW-INTEREST LOANS TO OWNERS OF HISTORIC PROPERTY. LOAN PROJECTS MUST MEET NATIONAL STANDARDS OF HISTORIC PRESERVATION TO BE APPROVED. SINCE THE LOAN PROGRAM'S INCEPTION, ENTIRE NEIGHBORHOODS HAVE BEEN REVITALIZED. THE EASEMENT PROGRAM PROVIDES PERMANENT PROTECTION FOR OVER 125 HISTORIC PROPERTIES IN THE STATE OF UTAH. EACH YEAR, PRESERVATION UTAH INSPECTS THESE PROPERTIES AND RATES THEIR CONDITIONS. A REPORT IS GIVEN TO EACH PROPERTY OWNER WITH SUGGESTIONS ON HOW TO CARE FOR THEIR PROPERTY. THE REHABILITATION PROGRAM PROVIDES THE PUBLIC WITH PRACTICAL PRESERVATION TRAINING THROUGH GUEST LECTURES AND WORKSHOPS. THE EVENTS FOCUS ON TRAINING IN HISTORIC PRESERVATION TECHNIQUES. FORM 990, PAGE 2, PART III, LINE 4C OTHER PROGRAM THROUGHOUT THE YEAR, THE ORGANIZATION OFFERS OTHER PROGRAMMING THAT ALIGNS WITH ITS MISSION, INCLUDING THE COMMUNITY STEWARDSHIP AWARDS AND HOME TOURS. THE ORGANIZATION'S COMMUNITY STEWARDSHIP AWARDS RECOGNIZE THE BEST IN UTAH'S PRESERVATION WORK ANNUALLY. AWARD CATEGORIES INCLUDE REHABILITATION & RESTORATION, HERITAGE ORGANIZATION OR BUSINESS, ADAPTIVE REUSE, INDIVIDUAL, AND LIFETIME ACHIEVEMENT. THE ORGANIZATION'S SEMI-ANNUAL HOME TOURS FOCUS ON VARIED HISTORIC NEIGHBORHOODS IN UTAH. THEY ARE OFFERED TO THE GENERAL PUBLIC AND PROVIDE EDUCATION AND HISTORY ABOUT THE HOMES, NEIGHBORHOODS, AND ARCHITECTURAL STYLES OF THE FEATURED PROPERTIES. PROPERTIES SELECTED IN THE TOURS DEMONSTRATE POSITIVE CASES OF HISTORIC PRESERVATION AND ARE EXAMPLES TO BE REPLICATED BY THE PUBLIC IN THEIR OWN REHABILITATION WORK. FORM 990, PAGE 6, PART VI, LINE 4 DURING 2023, THE ARTICLES OF INCORPORATION WERE UPDATED TO ALLOW FOR THE ORGANIZATION TO CHOOSE TO HAVE VOTING MEMBERS AS OUTLINED IN THE BYLAWS. THE BYLAWS WERE UPDATED TO NOT HAVE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 6 THE BYLAWS REQUIRE THAT THE ORGANIZATION HAVE MEMBERS, WHO PAY AN ANNUAL FEE. MEMBERS PARTICIPATE IN AN ANNUAL MEMBER MEETING AS WELL AS SPECIAL MEMBER MEETINGS, IF CALLED FOR. EACH MEMBER IS PROVIDED ONE VOTE OF EQUAL WEIGHT, UNLESS MEMBERSHIP IS HELD IN THE NAME OF MULTIPLE PEOPLE, IN WHICH SPECIAL RULES APPLY. FORM 990, PAGE 6, PART VI, LINE 7A AT EACH ELECTION OF TRUSTEES, EVERY MEMBER ENTITLED TO VOTE AT THE ELECTION HAS THE RIGHT TO VOTE IN PERSON, BY PROXY, OR IF A WRITTEN BALLOT IS SOLICITED BY THE CORPORATION, BY WRITTEN BALLOT, FOR AS MANY PERSONS AS THERE ARE TRUSTEES TO BE ELECTED AND FOR WHOSE ELECTION THE MEMBER HAS THE RIGHT TO VOTE. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION'S FORM 990 WAS PREPARED BY THE ORGANIZATION'S CPA IN CONSULTATION WITH THE ORGANIZATION'S EXECUTIVE DIRECTOR. IT WAS REVIEWED IT DETAIL BY THE ORGANIZATION'S TREASURER FOR ACCURACY AND REASONABILITY. A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS BEFORE IT WAS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION PROVIDES A COPY OF ITS CONFLICT OF INTEREST POLICY TO ALL BOARD MEMBERS AND MANAGEMENT DURING ONBOARDING. IN ADDITION, A COPY IS PROVIDED ANNUALLY. ALL BOARD MEMBERS AND MANAGEMENT ARE REQUIRED TO REVIEW THE POLICY AND SIGN A DISCLOSURE STATEMENT, WHICH ACKNOWLEDGES AND UNDERSTANDING OF THE POLICY AND DISCLOSES ANY POTENTIAL CONFLICTS OF INTEREST THEY ARE AWARE OF. ALL POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE EXECUTIVE COMMITTEE TO DETERMINE THE APPROPRIATE ACTION TO BE TAKEN TO ELIMINATE OR MITIGATE RISKS POSED BY THE CONFLICT. THE ORGANIZATION REQUIRES THAT BOARD MEMBERS WITH CONFLICT OF INTEREST BE RECUSED FROM THE DELIBERATION AND VOTING RELATED TO A TRANSACTION OR ACTION IN WHICH THEY MAY HAVE CONFLICT. FORM 990, PAGE 6, PART VI, LINE 15A AT THE TIME OR HIRE AND ON AN ANNUAL BASIS FOLLOWING, A COMMITTEE OF THE BOARD OF DIRECTORS ESTABLISHES THE EXECUTIVE DIRECTOR'S COMPENSATION. THE ORGANIZATION REQUIRES THAT NO MEMBER OF THE COMMITTEE HAVE A CONFLICT OF INTEREST RELATED TO THE COMPENSATION ARRANGEMENT. THE COMMITTEE USES SALARY SURVEYS, PUBLICLY AVAILABLE 990S, AND OTHER INFORMATION FOR SIMILAR POSITIONS AND SIMILAR ORGANIZATIONS WITHIN THE REGION TO ESTABLISH A REASONABLE LEVEL OF COMPENSATION. THE COMMITTEE CONTEMPORANEOUSLY DOCUMENTS ITS DISCUSSIONS AND DECISIONS IN COMMITTEE MINUTES. THE ORGANIZATION'S BOARD MEMBERS DO NOT RECEIVE COMPENSATION FROM THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE ORGANIZATION'S OFFICE. IN ADDITION, THE ORGANIZATION'S 990S FOR THE PAST SEVERAL YEARS ARE AVAILABLE THROUGH GUIDESTAR.ORG AND PRESERVATIONUTAH.ORG AND THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE AVAILABLE THROUGH THE UTAH DEPARTMENT OF COMMERCE DIVISION OF CORPORATIONS AND COMMERCIAL CODE. FORM 990, PART XI, LINE 9 SPECIAL EVENT EXPENSES 10,166 MEMORIAL HOUSE RENT EXPENSES 157,998 SPECIAL EVENT EXPENSES -10,166 MEMORIAL HOUSE RENT EXPENSES -157,998 DURING THE YEAR ENDED DECEMBER 31, 2023, MANAGEMENT OBTAINED ADDITIONAL INFORMATION ABOUT THE PAST LOAN FUND WHICH RESULTED IN A CHANGE IN ITS PRESENTATION ON THE STATEMENT OF FINANCIAL POSITION. THE PAST LOAN FUND WAS ORIGINALLY ESTABLISHED IN 1981 THROUGH A LOAN FROM SALT LAKE CITY OF 300,000. THE CREDITOR RESTRICTED THE USE OF THE FUNDS FOR LOW-INTEREST LOANS TO QUALIFYING PROPERTY OWNERS TO BE USED FOR PRESERVATION AND RESTORATION OF QUALIFYING PROPERTY. THE FUND WAS ALSO ALLOWED TO BE USED BY THE ORGANIZATION TO PURCHASE QUALIFYING REAL PROPERTY AND SELL IT TO A BUYER WHO IS WILLING TO EXECUTE A PRESERVATION EASEMENT ON THE PROPERTY. THROUGH 2022, THIS AGREEMENT WITH SALT LAKE CITY WAS PRESENTED ON THE STATEMENT OF FINANCIAL POSITION AS A NOTE PAYABLE OF 300,000. DURING THE YEAR ENDED DECEMBER 31, 2023, MANAGEMENT IDENTIFIED AN AGREEMENT BETWEEN THE ORGANIZATION AND SALT LAKE CITY DATED SEPTEMBER 2001 IN WHICH THE ORIGINAL 300,000 LOAN WAS CONVERTED TO A PERPETUALLY DONOR-RESTRICTED CONTRIBUTION.