Civic Intelligence

University Venture Fund

EIN 87-0680932 • 501(c)4 • Salt Lake City, UT

Profile

The organization's purpose is to mirror private sector venture capital firms, provide a real world business environment for students, and allow them to be mentored by experienced business and investment professionals by creating and maintaining venture capital funds and using the funds to invest in start-up companies.

85 Fort Douglas Bldg 602Salt Lake City, UT 84113

www.uventurefund.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

48th percentile

-1.6%

Faster asset growth than 48% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$42,588

Down $693 (-1.6%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

-

No earlier filing loaded for comparison.

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $23,229 (-100%) from 2021

Expenses

Down

$693

Down $31,511 (-98%) from 2021

Net Income

Up

-$693

Up $8,282 (+92%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2010: $299,815Liabilities 2010: $77,051Net Assets 2010: $222,7642010Assets 2011: $299,728Liabilities 2011: $135,678Net Assets 2011: $164,0502011Assets 2012: $366,385Liabilities 2012: $151,494Net Assets 2012: $214,8912012Assets 2013: $174,561Liabilities 2013: $105,780Net Assets 2013: $68,7812013Assets 2014: $146,713Liabilities 2014: $52,995Net Assets 2014: $93,7182014Assets 2015: $99,188Liabilities 2015: $11,817Net Assets 2015: $87,3712015Assets 2016: $84,231Liabilities 2016: $23,401Net Assets 2016: $60,8302016Assets 2017: $57,766Liabilities 2017: $0Net Assets 2017: $57,7662017Assets 2018: $56,886Liabilities 2018: $0Net Assets 2018: $56,8862018Assets 2019: $54,984Liabilities 2019: $0Net Assets 2019: $54,9842019Assets 2020: $52,256Liabilities 2020: $0Net Assets 2020: $52,2562020Assets 2021: $43,281Liabilities 2021: $0Net Assets 2021: $43,2812021Assets 2022: $42,588Liabilities 2022: $02022

Highlighted filing

2022

Assets$42,588
Liabilities$0
Net Assets-
Open 2022 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $551,8052010Expenses 2011: $476,8282011Expenses 2012: $462,4952012Revenue 2013: $343,224Expenses 2013: $500,696Net Income 2013: -$157,4722013Revenue 2014: $367,398Expenses 2014: $368,448Net Income 2014: -$1,0502014Revenue 2015: $350,004Expenses 2015: $352,138Net Income 2015: -$2,1342015Revenue 2016: $204,441Expenses 2016: $107,524Net Income 2016: $96,9172016Revenue 2017: $85,686Expenses 2017: $89,447Net Income 2017: -$3,7612017Revenue 2018: $54,496Expenses 2018: $55,376Net Income 2018: -$8802018Revenue 2019: $52,562Expenses 2019: $54,464Net Income 2019: -$1,9022019Revenue 2020: $46,715Expenses 2020: $54,132Net Income 2020: -$7,4172020Revenue 2021: $23,229Expenses 2021: $32,204Net Income 2021: -$8,9752021Revenue 2022: $0Expenses 2022: $693Net Income 2022: -$6932022

Highlighted filing

2022

Revenue$0
Expenses$693
Net Income-$693
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZSummary only. Only limited summary data is available for this year.

Open filing
Assets
$42,588
Liabilities
$0
Net assets
-
Revenue
$0
Expenses
$693
Net income
-$693
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Summary only. Only limited summary data is available for this year.$0.43$0.00$0.00$0.01$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.23$0.32$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.47$0.54$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.53$0.54$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.54$0.55$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.86$0.89$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.84$0.23$0.61$2.04$1.08$0.97
2015Detailed filing. Detailed filing data is available for this year.$0.99$0.12$0.87$3.50$3.52$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.47$0.53$0.94$3.67$3.68$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.75$1.06$0.69$3.43$5.01$1.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$1.51$2.15$4.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.00$1.36$1.64$4.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.00$0.77$2.23$5.52
Latest Detailed Filing

The latest 2022 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.0
Gross Receipts
$57,259
Mission and Program Overview

Mission

The organization's purpose is to mirror private sector venture capital firms, provide a real world business environment for students, and allow them to be mentored by experienced business and investment professionals by creating and maintaining venture capital funds and using the funds to invest in start-up companies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$11,421$43,281▲ $31,860
Investments Program Related$31,784--
Accounts Receivable$9,051--
Total Assets$52,256$43,281▼ $8,975
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$52,256$43,281▼ $8,975
Total Net Assets Fund Balance$52,256$43,281▼ $8,975
Total Liabilities and Net Assets / Fund Balance$52,256$43,281▼ $8,975

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$13,575$13,575
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Taylor RandallChairman
James Lee SorensonDirector
Ladd E ChristensenDirector
Mac LapolletteDirector
Tom MinerDirector
Jeramy LundManaging Director
Ryan DavisCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$23,229
Other Revenue
$0
Change in Net Assets
$-8,975
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,974
Salaries, Compensation, and Employee Benefits$5,230
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$16,200--$16,200
Fees for Services Management$7,802--$7,802
Other Salaries and Wages$4,445$785-$5,230
Other Expenses$1,220$215-$1,435
Total Functional Expenses$29,667$2,537$0$32,204
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 2

“James l sorenson univ. Opportunity fund director investor lp investment”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is provided to the executive director, cfo, and other officers/directors for review.”

Form 990, Page 6, Part VI, Line 12C

“The board made a formal resolution to disclose any potential conflicts of interest. Each board member must disclose conflicts prior to any voting and must abstain from making investment decisions where potential conflicts exist.”

Form 990, Page 6, Part VI, Line 15A

“Executive director's compensation is determined by a compensation committee.”

Form 990, Page 6, Part VI, Line 15B

“Key employee compensation is determined by a compensation committee.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
University Venture Fund
EIN
87-0680932
Phone
8012461873
Address
85 FORT DOUGLAS BLDG 602, SALT LAKE CITY, UT 84113

Signing Officer

Name
Jeramy Lund
Title
Managing Director
Phone
4356555133
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeramy Lund
Formed
2001
Legal Domicile
Ut
Voting Board Members
5
Independent Board Members
4
Employees
1
Volunteers
12

Preparer

Firm
Wsrp LLC
Address
155 N 400 W STE 400, SALT LAKE CITY, UT 84103
Preparer
Derek Weil CPA
Phone
8013282011
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization's purpose is to mirror private sector venture capital firms, provide a real world business environment for students, and allow them to be mentored by experienced business and investment professionals by creating and maintaining venture capital funds and using the funds to invest in start-up companies.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JAMES L SORENSON UNIV. OPPORTUNITY FUND DIRECTOR INVESTOR LP INVESTMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR, CFO, AND OTHER OFFICERS/DIRECTORS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD MADE A FORMAL RESOLUTION TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. EACH BOARD MEMBER MUST DISCLOSE CONFLICTS PRIOR TO ANY VOTING AND MUST ABSTAIN FROM MAKING INVESTMENT DECISIONS WHERE POTENTIAL CONFLICTS EXIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5KEY EMPLOYEE COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt023229
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt052256
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt043281
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0299 S MAIN STREET STE 310
IRS990/USAddress/CityNm0SALT LAKE CITY
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084111
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.UVENTUREFUND.COM
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JERAMY LUND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGING DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04356555133
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UNIVERSITY VENTURE FUND
ReturnHeader/Filer/BusinessNameControlTxt0UNIV
ReturnHeader/Filer/EIN0870680932
ReturnHeader/Filer/PhoneNum08012461873
ReturnHeader/Filer/USAddress/AddressLine1Txt085 FORT DOUGLAS BLDG 602
ReturnHeader/Filer/USAddress/CityNm0SALT LAKE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084113
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870517754
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WSRP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0155 N 400 W STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALT LAKE CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084103
ReturnHeader/PreparerPersonGrp/PhoneNum08013282011
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEREK WEIL CPA
ReturnHeader/ReturnTs02022-11-15T16:42:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JERAMY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LUND
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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