Better Business Bureau Report for
Thanksgiving Point Institute

Better Business Bureau Report issued August 2016
Better Business Bureau Report expires August 2018


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Thanksgiving Point Institute
Address: 3003 N Thanksgiving Way
  Lehi, UT 84043
Phone: 801-768-2300
801-768-4956
Web Address: www.thanksgivingpoint.org
Also known as:Thanksgiving Point
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Better Business Bureau Comments

Formerly known as:

Year, State Incorporated: 1995, UT
Affiliates: None
Stated Purpose: "Thanksgiving Point Institute is a 501(c)(3) nonprofit farm, garden, and museum complex that draws upon the natural world to cultivate transformative family learning."

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Evaluation Conclusions

              

Thanksgiving Point Institute meets the 20 Standards for Charity Accountability.
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Programs

              

Thanksgiving Point Institute serves more than 2 million visitors each year in a Museum of Ancient Life, Museum of Natural Curiosity, Farm Country, and Ashton Gardens. Also, educational programs for families emphasize hands-on learning using the scientific process. Because admissions and other revenues cover administrative and fundraising expenses, 100% of donations support educational programs.

For the fiscal year ended February 28, 2016, Thanksgiving Point Institute's program expenses were:

  
Exhibition Facility Operations 19,268,305
Total Program Expenses: $19,268,305
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Governance

              

Chief Executive : Mike L Washburn, President and CEO
Compensation*: 
$354,481

Chair of the Board: Alan Ashton
Chair's Profession / Business Affiliation: Community Volunteer

Board Size: 9

Paid Staff Size: 410

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet, membership, Personal Visits
Fund raising costs were 3% of related contributions. (Related contributions, which totaled $21,859,272, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Thanksgiving Point Institute's audited financial statements for the fiscal year ended February 28, 2016.

Source of Funds  
Exhibition Facilities 16,362,338
Grants and Contributions 4,837,256
Sponsorships 404,783
Other Income 291,557
Special Events (net) 254,895
Interest Income 65,801
Gain on Sale of Assets 1,197
Total Income $22,217,827


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Uses of Funds as a % of Total Expenses

Programs: 87%  Fund Raising: 3%  Administrative: 10% 

Total income $22,217,827
Program expenses $19,268,305
Fund raising expenses 762,529
Administrative expenses 2,187,592
Total expenses $22,218,426
Expenses in Excess of Income (599)
Beginning net assets 44,823,828
Ending net assets 44,865,750
Total liabilities 7,463,530
Total assets $52,329,280


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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