Civic Intelligence

Utah Microenterprise Loan Fund

990 • Fiscal year 2017 • EIN 87-0495534

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 14, 2018

Organization ProfileWWW.UMLF.COM
154 East Ford AvenueSalt Lake City, UT 84115

(801) 746-1180

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.66x

Higher debt load relative to assets than 82% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

7.25x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

4th percentile

-63%

Higher net margin than 4% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

47th percentile

$114,035

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 19.7% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

78th percentile

16%

Faster asset growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

31%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$6,367,158

Up $875,623 (+16%) from 2016

Net Assets

Down

$2,162,885

Down $364,683 (-14%) from 2016

Liabilities

Up

$4,204,273

Up $1,240,306 (+42%) from 2016

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin4th percentile

Revenue

Up

$580,099

Up $137,902 (+31%) from 2016

Expenses

Up

$944,782

Up $280,813 (+42%) from 2016

Net Income

Down

-$364,683

Down $142,911 (-64%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,579,766Liabilities 2011: $2,520,148Net Assets 2011: $2,059,6182011Assets 2012: $5,464,369Liabilities 2012: $2,766,060Net Assets 2012: $2,698,3092012Assets 2013: $5,592,338Liabilities 2013: $2,867,599Net Assets 2013: $2,724,7392013Assets 2014: $5,489,860Liabilities 2014: $2,764,116Net Assets 2014: $2,725,7442014Assets 2015: $5,466,544Liabilities 2015: $2,717,204Net Assets 2015: $2,749,3402015Assets 2016: $5,491,535Liabilities 2016: $2,963,967Net Assets 2016: $2,527,5682016Assets 2017: $6,367,158Liabilities 2017: $4,204,273Net Assets 2017: $2,162,8852017Assets 2018: $6,539,239Liabilities 2018: $4,518,209Net Assets 2018: $2,021,0302018Assets 2019: $6,963,256Liabilities 2019: $5,042,891Net Assets 2019: $1,920,3652019Assets 2020: $6,216,254Liabilities 2020: $4,582,015Net Assets 2020: $1,634,2392020Assets 2021: $5,421,781Liabilities 2021: $4,008,855Net Assets 2021: $1,412,9262021Assets 2022: $4,809,581Liabilities 2022: $3,568,850Net Assets 2022: $1,240,7312022Assets 2023: $3,991,904Liabilities 2023: $3,276,458Net Assets 2023: $715,4462023Assets 2024: $2,697,693Liabilities 2024: $2,574,332Net Assets 2024: $123,3612024

Highlighted filing

2017

Assets$6,367,158
Liabilities$4,204,273
Net Assets$2,162,885
Open 2017 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2011: $641,8252011Expenses 2012: $477,5512012Expenses 2013: $580,1822013Revenue 2014: $508,089Expenses 2014: $507,084Net Income 2014: $1,0052014Revenue 2015: $524,167Expenses 2015: $500,571Net Income 2015: $23,5962015Revenue 2016: $442,197Expenses 2016: $663,969Net Income 2016: -$221,7722016Revenue 2017: $580,099Expenses 2017: $944,782Net Income 2017: -$364,6832017Revenue 2018: $622,103Expenses 2018: $763,958Net Income 2018: -$141,8552018Revenue 2019: $645,035Expenses 2019: $740,783Net Income 2019: -$95,7482019Revenue 2020: $723,980Expenses 2020: $1,010,106Net Income 2020: -$286,1262020Revenue 2021: $701,489Expenses 2021: $922,802Net Income 2021: -$221,3132021Revenue 2022: $784,855Expenses 2022: $957,050Net Income 2022: -$172,1952022Revenue 2023: $547,707Expenses 2023: $1,072,992Net Income 2023: -$525,2852023Revenue 2024: $550,159Expenses 2024: $1,142,244Net Income 2024: -$592,0852024

Highlighted filing

2017

Revenue$580,099
Expenses$944,782
Net Income-$364,683
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 14, 2018
Return Version
2016v3.0
Gross Receipts
$580,099
Mission and Program Overview

Mission

Provide funding and management assistance to new and existing businesses that are not able to access traditional sources of funding; including those who are members of the low/moderate income community.

Make small micro-loans to new business owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,129,377$2,871,206▼ $258,171
Accounts Receivable$1,563,876$1,932,938▲ $369,062
Cash and Non-Interest-Bearing Accounts$344,528$1,182,698▲ $838,170
Land, Buildings, and Equipment, Net$394,903$374,561▼ $20,342
Pledges and Grants Receivable$52,776$2,412▼ $50,364
Total Assets$5,491,535$6,367,158▲ $875,623
Other Assets Total$6,075$3,343▼ $2,732
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,732,219$4,022,114▲ $1,289,895
Accounts Payable and Accrued Expenses$159,198$101,242▼ $57,956
Deferred Revenue$72,550$80,917▲ $8,367
Total Liabilities$2,963,967$4,204,273▲ $1,240,306
Net Assets / Fund Balance
Unrestricted Net Assets$1,637,421$1,644,790▲ $7,369
Temporarily Rstr Net Assets$890,147$518,095▼ $372,052
Total Net Assets Fund Balance$2,527,568$2,162,885▼ $364,683
Total Liabilities and Net Assets / Fund Balance$5,491,535$6,367,158▲ $875,623

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$175,935$201,418$377,353
Land$148,216-$148,216
Equipment$50,410$79,309$129,719
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kathy RicciExecutive DirectorFT$114,035$114,035
Danielle LowerExecutive DirectorFT$15,108$15,108

Board Members and Trustees

NameTitle
Annette BrooksChair
Roger ChristensenVice Chair
Don PoultonBoard Member
Doug LundBoard Member
Gary HavensBoard Member
Ramez HaltehBoard Member
Rex FalkenrathBoard Member
Ryan JonesBoard Member
Somer GardinerBoard Member
Todd JonesBoard Member
Lori FikeSecretary
Christopher CutshallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$305,023
Program Service Revenue
$210,307
Investment Income
$25,932
Other Revenue
$38,837
All Other Contributions
$230,829
Change in Net Assets
$-364,683

Audited Revenue Reconciliation

Revenue per Audited Statements
$580,099
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$580,099
Total Revenue per Form 990
$580,099
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$583,640
Salaries, Compensation, and Employee Benefits$361,142
Total Fundraising Expense$16,821
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$135,490$52,261$5,807$193,558
Other Salaries and Wages$94,637$36,503$4,056$135,196
Interest$57,203$1,133$126$58,462
Office Expenses$21,624$8,340$927$30,891
Depreciation Depletion$19,032$7,341$816$27,189
Payroll Taxes$17,615$6,794$755$25,164
Advertising$19,336-$2,148$21,484
Occupancy$14,153$5,459$607$20,219
Fees for Services Accounting$10,065$3,882$431$14,378
All Other Expenses$6,459$2,492$276$9,227
Conferences and Meetings$4,901$1,890$210$7,001
Pension Plan Contributions$4,007$1,545$172$5,724
Other Expenses$3,420$1,319$147$4,886
Insurance$2,746$1,059$118$3,923
Other Employee Benefits$1,050$405$45$1,500
Total Functional Expenses$795,923$132,038$16,821$944,782

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$944,782
Total Expenses per Audited Statements$944,782
Total Expenses per Form 990$944,782
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is subject to board review and approval before filing.”

Form 990, Part VI, Section B, Line 15

“The board makes the decision regarding executive director compensation. The executive director determines compensation for other employees. These decisions are approved by the board.”

Form 990, Part VI, Section C, Line 19

“The governing documents, policies, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Utah Microenterprise Loan Fund
EIN
87-0495534
Phone
8017461180
Address
154 EAST FORD AVENUE, SALT LAKE CITY, UT 84115

Signing Officer

Name
Danielle Lower
Title
Executive Director
Phone
8017461180
Signed
2018-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Danielle Lower
Formed
1991
Legal Domicile
Ut
Voting Board Members
12
Independent Board Members
12
Employees
6
Volunteers
31

Preparer

Firm
Eide Bailly Llp
Address
5 TRIAD CENTER STE 600, SALT LAKE CITY, UT 84180-1106
Preparer
Christopher Winsley CPA
Phone
8015322200
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The fund is organized as a nonprofit corporation in accordance with the laws of the state of utah and has been recognized by the internal revenue service (irs) as exempt from federal income taxes under section 501(a) of the internal revenue code as an organization described in section 501(c)(3), qualifies for the charitable contribution deduction under section 170(b)(1)(a)(vi), and has been determined not to be a private foundation under section 509(a)(1). The fund is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the fund is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purpose. The fund has determined it is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (form 990-t) with the irs. The fund believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The fund would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

Raw XML AppendixShowing 400 of 503 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InsuranceGrp/ManagementAndGeneralAmt01059
IRS990/InsuranceGrp/ProgramServicesAmt02746
IRS990/InsuranceGrp/TotalAmt03923
IRS990/InterestGrp/FundraisingAmt0126
IRS990/InterestGrp/ManagementAndGeneralAmt01133
IRS990/InterestGrp/ProgramServicesAmt057203
IRS990/InterestGrp/TotalAmt058462
IRS990/InvestmentIncomeGrp/ExclusionAmt025932
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt025932
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0280727
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0394903
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0374561
IRS990/LandBldgEquipCostOrOtherBssAmt0655288
IRS990/LegalDomicileStateCd0UT
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE FUNDING AND MANAGEMENT ASSISTANCE TO NEW AND EXISTING BUSINESSES THAT ARE NOT ABLE TO ACCESS TRADITIONAL SOURCES OF FUNDING; INCLUDING THOSE WHO ARE MEMBERS OF THE LOW/MODERATE INCOME COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02732219
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04022114
IRS990/NetAssetsOrFundBalancesBOYAmt02527568
IRS990/NetAssetsOrFundBalancesEOYAmt02162885
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0607
IRS990/OccupancyGrp/ManagementAndGeneralAmt05459
IRS990/OccupancyGrp/ProgramServicesAmt014153
IRS990/OccupancyGrp/TotalAmt020219
IRS990/OfficeExpensesGrp/FundraisingAmt0927
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08340
IRS990/OfficeExpensesGrp/ProgramServicesAmt021624
IRS990/OfficeExpensesGrp/TotalAmt030891
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06075
IRS990/OtherAssetsTotalGrp/EOYAmt03343
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt045
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0405
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01050
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01500
IRS990/OtherExpensesGrp/Desc0LOAN LOSSES
IRS990/OtherExpensesGrp/Desc1BORROWER SUPPORT, LOAN
IRS990/OtherExpensesGrp/Desc2TELEPHONE & INTERNET
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
IRS990/OtherExpensesGrp/FundraisingAmt0180
IRS990/OtherExpensesGrp/FundraisingAmt1147
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01615
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11319
IRS990/OtherExpensesGrp/ProgramServicesAmt0367052
IRS990/OtherExpensesGrp/ProgramServicesAmt112946
IRS990/OtherExpensesGrp/ProgramServicesAmt24187
IRS990/OtherExpensesGrp/ProgramServicesAmt33420
IRS990/OtherExpensesGrp/TotalAmt0367052
IRS990/OtherExpensesGrp/TotalAmt112946
IRS990/OtherExpensesGrp/TotalAmt25982
IRS990/OtherExpensesGrp/TotalAmt34886
IRS990/OtherRevenueMiscGrp/BusinessCd0522291
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt038837
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt038837
IRS990/OtherRevenueTotalAmt038837
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04056
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt036503
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt094637
IRS990/OtherSalariesAndWagesGrp/TotalAmt0135196
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0755
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06794
IRS990/PayrollTaxesGrp/ProgramServicesAmt017615
IRS990/PayrollTaxesGrp/TotalAmt025164
IRS990/PensionPlanContributionsGrp/FundraisingAmt0172
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01545
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04007
IRS990/PensionPlanContributionsGrp/TotalAmt05724
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt052776
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02412
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DANIELLE LOWER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1LOAN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0153442
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt156865
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0153442
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt156865
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0247007
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt017504
IRS990/PYOtherExpensesAmt0366336
IRS990/PYOtherRevenueAmt023126
IRS990/PYProgramServiceRevenueAmt0154560
IRS990/PYRevenuesLessExpensesAmt0-221772
IRS990/PYSalariesCompEmpBnftPaidAmt0297633
IRS990/PYTotalExpensesAmt0663969
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0442197
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-364683
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0249144
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03129377
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02871206
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0305023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0247007
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0336145
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0307853
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0384197
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01580225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt025932
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt017504
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt014935
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt015045
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt015151
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt088567
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0864873
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt038837
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt023126
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt026890
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt021260
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt017386
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0127499
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.62540
IRS990ScheduleA/PublicSupportPY170Pct00.79270
IRS990ScheduleA/PublicSupportTotal170Amt01123331
IRS990ScheduleA/SubstantialContributorsTotAmt0456894
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0305023
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0247007
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0336145
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0307853
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0384197
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01580225
IRS990ScheduleA/TotalSupportAmt01796291
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0175935
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0201418
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0377353
IRS990ScheduleD/EquipmentGrp/BookValueAmt050410
IRS990ScheduleD/EquipmentGrp/DepreciationAmt079309
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0129719
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0944782
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0148216
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0148216
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0580099
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND IS ORGANIZED AS A NONPROFIT CORPORATION IN ACCORDANCE WITH THE LAWS OF THE STATE OF UTAH AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE FUND IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FUND IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSE. THE FUND HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE FUND BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FUND WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,367,158
Liabilities
$4,204,273
Net assets
$2,162,885
Revenue
$580,099
Expenses
$944,782
Net income
-$364,683
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.70$2.57$0.12$0.55$1.14$0.59
2023Detailed filing. Detailed filing data is available for this year.$3.99$3.28$0.72$0.55$1.07$0.53
2022Detailed filing. Detailed filing data is available for this year.$4.81$3.57$1.24$0.78$0.96$0.17
2021Detailed filing. Detailed filing data is available for this year.$5.42$4.01$1.41$0.70$0.92$0.22
2020Detailed filing. Detailed filing data is available for this year.$6.22$4.58$1.63$0.72$1.01$0.29
2019Detailed filing. Detailed filing data is available for this year.$6.96$5.04$1.92$0.65$0.74$0.10
2018Detailed filing. Detailed filing data is available for this year.$6.54$4.52$2.02$0.62$0.76$0.14
2017Detailed filing. Detailed filing data is available for this year.$6.37$4.20$2.16$0.58$0.94$0.36
2016Detailed filing. Detailed filing data is available for this year.$5.49$2.96$2.53$0.44$0.66$0.22
2015Detailed filing. Detailed filing data is available for this year.$5.47$2.72$2.75$0.52$0.50$0.02
2014Detailed filing. Detailed filing data is available for this year.$5.49$2.76$2.73$0.51$0.51$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.59$2.87$2.72$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.46$2.77$2.70$0.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.58$2.52$2.06$0.64