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Nonprofit · EIN 35-2191048

PI FOUNDATION INC

Tax-exempt · SALT LAKE CTY, UT 84111

Financials

$7.9M$5.3M2023$2.7M$6.3M2024
Revenue Expenses · by fiscal year end
Financials of PI FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,732,382$6,301,943-$3,569,561$32,244,162$0$32,244,162
December 31, 2023990$7,857,032$5,339,033$2,517,999$34,650,142$0$34,650,142
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$4,200
Program service revenue
$172,820
Investment income
$2,546,681
Net gain from sales of assets
$1,677,996
Other revenue
$8,681

Expenses

Grants and similar amounts paid
$6,050,362
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$100,074
Accounting fees
$24,560
Program services (functional)
$6,059,585
Management and general (functional)
$242,358

Balance sheet and other

Total assets, start of year
$34,650,142
Total assets, end of year
$32,244,162
Total liabilities, end of year
$0
Net assets, end of year
$32,244,162
Publicly traded securities
$19,507,223
Gross unrelated business income
-$52,392
Gross receipts
$4,394,911
Employees
0
Year formed
2002
State of legal domicile
UT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
L S MCCULLOUGH IIPRESIDENT
Trustee or director, Officer
5$0
GREGORY C ZAUGGVP/TREASURER
Trustee or director, Officer
8$0
L STANFORD MCCULLOUGH IVDIRECTOR
Trustee or director, Officer
5$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
L S MCCULLOUGH IIPRESIDENT
Trustee or director, Officer
5$0
GREGORY C ZAUGGVP/TREASURER
Trustee or director, Officer
8$0
L STANFORD MCCULLOUGH IVDIRECTOR
Trustee or director, Officer
5$0
TERESA M ROBISONSECRETARY
Officer
10$0

Address and contacts

Address (IRS master file)
405 S MAIN ST STE 800, SALT LAKE CTY, UT 84111-3418
Principal officer (990 for 2024)
GREGORY C ZAUGG, 405 S MAIN STE 800, KEN GARFF BUILDING, SALT LAKE CITY, UT 84111
Signed the 990
GREGORY C ZAUGG, VP/TREASURER
Phone
(801) 530-7400
Return prepared by
WOLFF & COMPANY

Mission

THE PI FOUNDATION'S MISSION IS TO SUPPORT, ENCOURAGE, AND FOSTER CHARITABLE GIVING. THE FOUNDATION DOES THIS THROUGH EDUCATION, RESOURCES, AND DONOR ADVISED FUNDS. THE FOUNDATION FINANCIALLY SUPPORTS A WIDE RANGE OF LOCAL AND NATIONAL ORGANIZATIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • DONATIONS IN THE SUPPORT OF 501(C)(3) ORGANIZATIONS
    Expenses $6,059,585 · grants $6,050,362 · revenue $172,820

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
35-2191048
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$32,244,162
Income (IRS master file)
$4,394,911

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,732,382$6,301,943$32,244,162XML
990-TDecember 2024–––IRS
990December 2023$7,857,032$5,339,033$34,650,142XML
990-TDecember 2023–––IRS
990December 2022$14,907,643$20,020,419$33,515,519IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-2191048).

Questions about PI FOUNDATION INC

What is the EIN of PI FOUNDATION INC?
The employer identification number (EIN) of PI FOUNDATION INC is 35-2191048.
Is PI FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to PI FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PI FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PI FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PI FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PI FOUNDATION INC?
The 990 for the year ended December 31, 2024 names GREGORY C ZAUGG.
Who are the officers and directors of PI FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does PI FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,732,382, expenses of $6,301,943 and total assets of $32,244,162 at year end.

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