Nonprofit · EIN 94-2951639
GRANITE EDUCATION FOUNDATION INC
Tax-exempt · S SALT LAKE, UT 84115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,419,316 | $6,322,001 | $97,315 | $4,271,128 | $397,226 | $3,873,902 |
| June 30, 2024 | 990 | $4,797,645 | $4,629,503 | $168,142 | $4,045,674 | $435,787 | $3,609,887 |
| June 30, 2023 | 990 | $4,364,698 | $4,216,541 | $148,157 | $3,555,781 | $382,220 | $3,173,561 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,334,280
- Program service revenue
- $0
- Investment income
- $85,036
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,691,520
- Compensation of officers, directors and key employees
- $154,993
- Other salaries and wages
- $351,720
- Salaries, compensation and benefits (total)
- $732,467
- Professional fundraising fees
- $0
- Accounting fees
- $7,469
- Occupancy
- $136,703
- Travel
- $105,048
- Depreciation
- $53,777
- Program services (functional)
- $5,913,724
- Management and general (functional)
- $250,446
- Fundraising (functional)
- $157,831
Balance sheet and other
- Total assets, start of year
- $4,045,674
- Total assets, end of year
- $4,271,128
- Total liabilities, end of year
- $397,226
- Net assets, end of year
- $3,873,902
- Land, buildings and equipment
- $223,896
- Publicly traded securities
- $3,262,635
- Net assets without donor restrictions
- $2,628,219
- Net assets with donor restrictions
- $1,245,683
- Gross receipts
- $6,419,316
- Employees
- 0
- Volunteers
- 10,245
- Year formed
- 1988
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Jadee Talbot | CEO Officer | 52 | $0 | $154,993 | $60,813 |
| Carrie Johnson | Board Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Randy Woodbury | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Anthony Bennett | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| David James | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Garrett Laws | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Katharine Newton | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Richard Madsen II | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Robyn Eccles | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Sean Marchant | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Terri Heyduk | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Lynn Rada | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Leslie Bell | Board Member Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Jadee Talbot | CEO Officer | 52 | $0 | $146,472 | $57,014 |
| Carrie Johnson | Board Chair Trustee or director | 1 | $0 | $0 | $0 |
| Randy Woodbury | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Anthony Bennett | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| David James | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Garrett Laws | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Katharine Newton | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Richard Madsen II | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Robyn Eccles | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Sean Marchant | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Terri Heyduk | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Tina West | Board Member Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JADEE TALBOT | CEO Officer | 52 | $0 | $139,685 | $55,255 |
| ANTHONY BENNETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBYN ECCLES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TERRI HEYDUK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD MADSEN II | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID JAMES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CARRIE JOHNSON | BOARD CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| GARRETT LAWS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SEAN MARCHANT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATHARINE NEWTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARK NORTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN RAGUSKUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TINA WEST | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RANDY WOODBURY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2500 S STATE ST, S SALT LAKE, UT 84115-3110
- Principal officer (990 for 2024)
- Jadee Talbot, 2500 S State Street, Salt Lake City, UT 84115
- Signed the 990
- Jadee Talbot, CEO
- Phone
- (801) 263-6236
- Return prepared by
- Squire & Company PC
Mission
The Granite Education Foundation's mission is to reduce barriers to learning and increase access to opportunities for students and educators in the Granite School District.
Program accomplishments
- The Granite Education Foundation awards needs-based scholarships to Granite School District students annually. Scholarships range from $500-$5,000 to help launch students from high school graduation into an accredited college, university, or technical college.Expenses $30,050 · grants $30,050
- Since Granite Education Foundation's inception in 1988, educator recognition and support has been a key priority. The Excel Awards are a prestigious honor given to the top ten educators of Granite School District and has been sponsored by Granite Education Foundation since the beginning. Students, administrators, parents, and colleagues nominate educators that exemplify the values of Granite School District. These individuals are then put through a rigorous review and observation process by experienced education specialist who ultimately identify ten teachers and administrators from all over the district. In mid April, up to 300 individuals from Granite School District, supporting businesses, community members, and local leaders gather to recognize and honor ten winners in the Night of Honors a dinner and award ceremony.Expenses $28,050 · grants $28,050
- Assistance to Schools - Computers, software, textbooks, school supplies, and professional services for students and schools within Granite School District.Expenses $5,855,624 · grants $4,633,420
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 94-2951639
- 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
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B00I)
- Assets (IRS master file)
- $4,271,128
- Income (IRS master file)
- $6,419,316
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,419,316 | $6,322,001 | $4,271,128 | IRS |
| 990 | June 2024 | $4,797,645 | $4,629,503 | $4,045,674 | IRS |
| 990 | June 2023 | $4,364,698 | $4,216,541 | $3,555,781 | XML |
| 990 | June 2022 | $3,029,089 | $3,231,950 | $3,539,208 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 94-2951639).
Questions about GRANITE EDUCATION FOUNDATION INC
- What is the EIN of GRANITE EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of GRANITE EDUCATION FOUNDATION INC is 94-2951639.
- Is GRANITE EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to GRANITE EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRANITE EDUCATION 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 GRANITE EDUCATION FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRANITE EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GRANITE EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Jadee Talbot.
- Who are the officers and directors of GRANITE EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does GRANITE EDUCATION FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,419,316, expenses of $6,322,001 and total assets of $4,271,128 at year end.
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