Sutherland Institute

EIN: 870531727 501(c)(3) Education

SALT LAKE CITY, UT

Total Revenue
$2,083,527
Total Expenses
$2,219,428
Total Assets
$1,000,783
Net Assets
$735,770
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
UT
Phone
8013551272
Tax Period
2024-01-01 to 2024-12-31

Sutherland Institute, founded in 1995, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

A CONSERVATIVE PUBLIC POLICY THINK TANK, SUTHERLAND INSTITUTE IS PURSUING THE PATH TO "A NEW BIRTH OF FREEDOM" FOR AMERICA THROUGH A FREE MARKET ECONOMY, CIVIL SOCIETY, AND COMMUNITY-DRIVEN SOLUTIONS.

Program Service Accomplishments

Program 1
Expenses: $648,050

Outreach: The Institute strives to convene voices on all sides of important issues and facilitate sound, community-driven policy solutions. Newsletters, mailings, and events are all critical to both...

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Outreach: The Institute strives to convene voices on all sides of important issues and facilitate sound, community-driven policy solutions. Newsletters, mailings, and events are all critical to both education and engagement. Newsletters provide summaries on important and topical issues. Events are held to coincide with policy publications and are held when topics rise to the level of public interest. Keynote speakers, ranging from elected officials to local and national subject experts, are joined by panelists representing diverse views.

Program 2
Expenses: $593,886

Research: As a think tank, policy research on complex issues is core to the operations of the Institute. This includes active studies of current and historical academic research, proposed legislation...

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Research: As a think tank, policy research on complex issues is core to the operations of the Institute. This includes active studies of current and historical academic research, proposed legislation in Utah - the region - and nationally. Collaboration with other think tanks, issues-oriented organizations and educational institutions, is part of the process as well. The Institute monitors social and legislative efforts that threaten to limit free market function, religious liberty, and the prioritization of families. Potential limitations are often embedded in seemingly unrelated or nebulous legislation, which necessitates a careful and ongoing watch of priority areas.

Program 3
Expenses: $159,525

Lobbying: The Institute maintains government affairs staff who are registered lobbyists. The Institute reports its lobbying activities to the IRS using the expenditures test under a Section 501(h)...

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Lobbying: The Institute maintains government affairs staff who are registered lobbyists. The Institute reports its lobbying activities to the IRS using the expenditures test under a Section 501(h) election. Qualified and designated staff attend legislative sessions, interim sessions, and special sessions at Capitol Hill in Utah, and, at times, in Washington DC. Lobbyists are available to testify on the floor and before committees and sub-committees, meet with legislators, and determine areas of need with respect to the history and implications of pending legislation. Communications are shared on a nonpartisan basis through printed publications, fliers and emails. The Institute can provide policy research at a depth and scope that is difficult to obtain otherwise for members of a part-time legislature.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,065,089
Program Service Revenue $0
Investment Income $19,896
Other Revenue $-1,458
TOTAL REVENUE $2,083,527

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,821,580
Fundraising Expenses $506,542
Program Expenses $1,401,461
Other Expenses $397,848
TOTAL EXPENSES $2,219,428

Year-over-Year Comparison

2024 2023 Change
Revenue $2,083,527 $1,839,799 +0.1%
Expenses $2,219,428 $2,173,042 +0.0%
Net Income $-135,901 $-333,243 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

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Governance

Voting Members
7
Independent Members
7
Employees
12
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$276,054
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brad Harr board member 0.3
Director
$0 $0 $0
Brent Andrewsen board member 0.3
Director
$0 $0 $0
Brent McKinley board member 0.3
Director
$0 $0 $0
Greg Miller board member 0.3
Director
$0 $0 $0
Howard Headlee board member 0.3
Director
$0 $0 $0
John Sperry board member 0.3
Director
$0 $0 $0
Rachel Brough board member 0.3
Director
$0 $0 $0
Rick Larsen president & ceo 60.0
Officer
$247,047 $29,007 $276,054
Derek Monson chief growth officer 60.0
Highest
$197,057 $28,850 $225,907
Nic Dunn VP Strategy & Senior Fellow 45.0
Highest
$157,722 $19,687 $177,409
Peter Reichard chief development officer 50.0
Highest
$223,202 $19,405 $242,607
Stan Rasmussen VP Government Affairs 40.0
Highest
$123,109 $19,006 $142,115
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,083,527 $2,219,428 $1,000,783 $-135,901
2023 $1,839,799 $2,173,042 $1,273,306 $-333,243
2022 $2,167,736 $1,444,756 $1,660,376 $722,980
2021 $1,430,169 $1,443,911 $497,702 $-13,742
2020 $593,546 $1,486,280 $442,489 $-892,734
2019 $2,810,346 $1,580,671 $1,318,881 $1,229,675
2018 $1,907,479 $1,965,061 $111,548 $-57,582
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