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CHARITY REVIEW
Issued: December 2024 Expires: December 2025

Thanksgiving Point

Accredited Charity
Accredited Charity

Meets Standards

3003 N Thanksgiving Way
Lehi, UT, 84043-3740

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Thanksgiving Point meets the 20 Standards for Charity Accountability.

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."  

Year, State Incorporated:
1997, UT

Also Known As:
Thanksgiving Point Institute, Inc

Thanksgiving Point Institute serves more than 2 million visitors each year in a Museum of Ancient Life, Museum of Natural Curiosity, Farm Country, Butterfly Biosphere, 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 year ended February 29, 2024, Thanksgiving Point's program expenses were:

Programs $29,517,145
Total Program Expenses $29,517,145

Chief Executive
McKay Christensen, President/CEO

Chair of the Board
Alan Ashton, Community Volunteer

Chair's Profession / Business Affiliation

Board Size
9

Paid Staff Size
433

Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Grant proposals, Internet, Planned giving arrangements, Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 4.26%

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.

The following information is based on Thanksgiving Point's audited financial statements for the year ended February 29, 2024.

Source of Funds
Visitor Services $10,596,806
Venue Admissions $10,519,525
Grants and Contributions $10,004,601
Membership $7,881,570
Sponsorships $2,614,085
Rental Income $1,651,959
Investment Income $1,229,013
In-Kind Contributions $1,210,741
Education $558,416
Other Income $324,667
Total Income $46,591,383

Programs: 85% Fundraising: 4% Administrative: 11%

Total Income $46,591,383
Total expenses: $34,595,229
  Program expenses $29,517,145
  Fundraising expenses $1,371,675
  Administrative expenses $3,706,409
  Other expenses $0
Income in Excess of Expenses $11,996,154
Beginning Net Assets $83,354,218
Other Changes In Net Assets $0
Ending Net Assets $95,350,372
Total Liabilities $8,974,599
Total Assets $104,324,971

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 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 International Association of Better Business Bureaus.

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

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Report completed by:
BBB Serving the Mountain West