Civic Intelligence

Utah Microenterprise Loan Fund

990 • Fiscal year 2018 • EIN 87-0495534

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 09, 2019

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

83rd percentile

0.69x

Higher debt load relative to assets than 83% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

7.26x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

11th percentile

-23%

Higher net margin than 11% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

32nd percentile

$83,900

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

54th percentile

2.7%

Faster asset growth than 54% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

59th percentile

7.2%

Faster revenue growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$6,539,239

Up $172,081 (+2.7%) from 2017

Net Assets

Down

$2,021,030

Down $141,855 (-6.6%) from 2017

Liabilities

Up

$4,518,209

Up $313,936 (+7.5%) from 2017

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin11th percentile

Revenue

Up

$622,103

Up $42,004 (+7.2%) from 2017

Expenses

Down

$763,958

Down $180,824 (-19%) from 2017

Net Income

Up

-$141,855

Up $222,828 (+61%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2018

Assets$6,539,239
Liabilities$4,518,209
Net Assets$2,021,030
Open 2018 Filing

Operations Trend

Revenue Growth59th 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

2018

Revenue$622,103
Expenses$763,958
Net Income-$141,855
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 9, 2019
Return Version
2017v2.3
Gross Receipts
$622,103
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$2,871,206$2,835,997▼ $35,209
Accounts Receivable$1,932,938$2,024,658▲ $91,720
Cash and Non-Interest-Bearing Accounts$1,182,698$1,221,635▲ $38,937
Land, Buildings, and Equipment, Net$374,561$402,209▲ $27,648
Pledges and Grants Receivable$2,412$50,120▲ $47,708
Total Assets$6,367,158$6,539,239▲ $172,081
Other Assets Total$3,343$4,620▲ $1,277
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,022,114$4,405,661▲ $383,547
Deferred Revenue$80,917$71,482▼ $9,435
Accounts Payable and Accrued Expenses$101,242$41,066▼ $60,176
Total Liabilities$4,204,273$4,518,209▲ $313,936
Net Assets / Fund Balance
Unrestricted Net Assets$1,644,790$1,670,616▲ $25,826
Temporarily Rstr Net Assets$518,095$350,414▼ $167,681
Total Net Assets Fund Balance$2,162,885$2,021,030▼ $141,855
Total Liabilities and Net Assets / Fund Balance$6,367,158$6,539,239▲ $172,081

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$213,642$215,038$428,680
Land$148,216-$148,216
Equipment$40,351$89,368$129,719
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Danielle LowerExecutive DirectorFT$81,456$2,444$83,900

Board Members and Trustees

NameTitle
Roger ChristensenChair
Annette BrooksPast Chair
Ryan JonesVice Chair
Alysa PetersonBoard Member
Anthony ZimmerBoard Member
Awele AhanonuBoard Member
Brad KoffordBoard Member
Don PoultonBoard Member
Doug LundBoard Member
Jim WelchBoard Member
Ramez HaltehBoard Member
Robert ChristensenBoard Member
Todd JonesBoard Member
Lori FikeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$324,573
Program Service Revenue
$238,074
Investment Income
$12,817
Other Revenue
$46,639
All Other Contributions
$312,780
Change in Net Assets
$-141,855

Audited Revenue Reconciliation

Revenue per Audited Statements
$622,103
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$622,103
Total Revenue per Form 990
$622,103
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$487,910
Salaries, Compensation, and Employee Benefits$276,048
Total Fundraising Expense$20,472
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$109,695$40,744$6,270$156,709
Current Officers, Directors, Trustees, and Key Employees$66,350$24,644$3,791$94,785
Interest$74,765--$74,765
Fees for Services Other$40,675$15,108$2,323$58,106
Fees for Services Accounting$27,138$10,080$1,550$38,768
Depreciation Depletion$16,575$6,157$947$23,679
Conferences and Meetings$15,125$5,618$865$21,608
Payroll Taxes$15,117$5,615$863$21,595
Occupancy$14,521$5,394$830$20,745
Office Expenses$10,876$4,040$621$15,537
Advertising$12,415-$1,380$13,795
All Other Expenses$5,132$1,906$293$7,331
Other Expenses$3,963$1,472$226$5,661
Insurance$2,890$1,074$165$4,129
Pension Plan Contributions$2,071$769$119$2,959
Total Functional Expenses$619,382$124,104$20,472$763,958

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$763,958
Total Expenses per Audited Statements$763,958
Total Expenses per Form 990$763,958
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
2019-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Danielle Lower
Formed
1991
Legal Domicile
Ut
Voting Board Members
14
Independent Board Members
14
Employees
10
Volunteers
39

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 501 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/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt011793
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0622103
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt0165
IRS990/InsuranceGrp/ManagementAndGeneralAmt01074
IRS990/InsuranceGrp/ProgramServicesAmt02890
IRS990/InsuranceGrp/TotalAmt04129
IRS990/InterestGrp/ProgramServicesAmt074765
IRS990/InterestGrp/TotalAmt074765
IRS990/InvestmentIncomeGrp/ExclusionAmt012817
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012817
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0304406
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0374561
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0402209
IRS990/LandBldgEquipCostOrOtherBssAmt0706615
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/BOYAmt04022114
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04405661
IRS990/NetAssetsOrFundBalancesBOYAmt02162885
IRS990/NetAssetsOrFundBalancesEOYAmt02021030
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0830
IRS990/OccupancyGrp/ManagementAndGeneralAmt05394
IRS990/OccupancyGrp/ProgramServicesAmt014521
IRS990/OccupancyGrp/TotalAmt020745
IRS990/OfficeExpensesGrp/FundraisingAmt0621
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04040
IRS990/OfficeExpensesGrp/ProgramServicesAmt010876
IRS990/OfficeExpensesGrp/TotalAmt015537
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03343
IRS990/OtherAssetsTotalGrp/EOYAmt04620
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LOAN LOSSES
IRS990/OtherExpensesGrp/Desc1BORROWER SUPPORT, LOAN
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3TELEPHONE & INTERNET
IRS990/OtherExpensesGrp/FundraisingAmt0229
IRS990/OtherExpensesGrp/FundraisingAmt1226
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01483
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11472
IRS990/OtherExpensesGrp/ProgramServicesAmt0166681
IRS990/OtherExpensesGrp/ProgramServicesAmt131400
IRS990/OtherExpensesGrp/ProgramServicesAmt23993
IRS990/OtherExpensesGrp/ProgramServicesAmt33963
IRS990/OtherExpensesGrp/TotalAmt0166681
IRS990/OtherExpensesGrp/TotalAmt131400
IRS990/OtherExpensesGrp/TotalAmt25705
IRS990/OtherExpensesGrp/TotalAmt35661
IRS990/OtherRevenueMiscGrp/BusinessCd0522291
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt046639
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt046639
IRS990/OtherRevenueTotalAmt046639
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06270
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt040744
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0109695
IRS990/OtherSalariesAndWagesGrp/TotalAmt0156709
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0863
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05615
IRS990/PayrollTaxesGrp/ProgramServicesAmt015117
IRS990/PayrollTaxesGrp/TotalAmt021595
IRS990/PensionPlanContributionsGrp/FundraisingAmt0119
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0769
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02071
IRS990/PensionPlanContributionsGrp/TotalAmt02959
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02412
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt050120
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DANIELLE LOWER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1LOAN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0191611
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt146463
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0191611
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt146463
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0305023
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt025932
IRS990/PYOtherExpensesAmt0583640
IRS990/PYOtherRevenueAmt038837
IRS990/PYProgramServiceRevenueAmt0210307
IRS990/PYRevenuesLessExpensesAmt0-364683
IRS990/PYSalariesCompEmpBnftPaidAmt0361142
IRS990/PYTotalExpensesAmt0944782
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0580099
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-141855
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0284713
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02871206
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02835997
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0324573
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0305023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0247007
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0336145
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0307853
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01520601
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012817
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt025932
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt017504
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt014935
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt015045
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt086233
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0913069
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt046639
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt038837
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt023126
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt026890
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt021260
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0156752
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.55500
IRS990ScheduleA/PublicSupportPY170Pct00.62540
IRS990ScheduleA/PublicSupportTotal170Amt0978849
IRS990ScheduleA/SubstantialContributorsTotAmt0541752
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0324573
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0305023
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0247007
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0336145
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0307853
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01520601
IRS990ScheduleA/TotalSupportAmt01763586
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0213642
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0215038
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0428680
IRS990ScheduleD/EquipmentGrp/BookValueAmt040351
IRS990ScheduleD/EquipmentGrp/DepreciationAmt089368
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0129719
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0763958
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0148216
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0148216
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0622103
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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0402209
IRS990ScheduleD/TotalExpensesPerForm990Amt0763958

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,539,239
Liabilities
$4,518,209
Net assets
$2,021,030
Revenue
$622,103
Expenses
$763,958
Net income
-$141,855
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