Utah Certified Development Company
- Assets
- $3.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Ogden, UT
- Founding
- 08/1997
- Data as of
- 09/2022
- EIN
- 87-0477091
Organization Overview
Utah Certified Development Company is located in Ogden, UT. The organization was established in 1997. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Utah Certified Development Company employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Certified Development Company is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2022, Utah Certified Development Company generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $3.0m during the year ending 09/2022. While expenses have increased by 7.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION MEETS WITH STATE AGENCIES, LOCAL BANKERS,COMMUNITY ORGANIZATIONS, AND LOCAL BUSINESS PEOPLE TO PROMOTE AND PROVIDE SERVICE TO BUSINESSES THAT QUALIFY FOR THE SMALL BUSINESS ADMIN 504 LOAN PROGRAM. ORIGINATED AND SERVICES 504 LOANS TO SMALL BUSINESSES IN UTAH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTED THE U.S SMALL BUSINESS ADMINISTRATION IN MANAGING THE 504 LOAN PROGRAM IN UTAH. THESE LOANS ASSISTED SMALL BUSINESSES IN PURCHASING REAL ESTATE TO HOUSE THEIR OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert D Richards President & CEO | OfficerTrustee | 0 | $345,000 |
Adam White Employee | 0 | $219,500 | |
Caryl Eriksson Employee | 0 | $152,500 | |
Mikel Bowmen Employee | 0 | $140,000 | |
John Gagon Board Member | OfficerTrustee | 0 | $0 |
Erich Sontag Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,199,390 |
| Investment income | $692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,200,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,647 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,010,392 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $165,672 |
| Travel | $79,804 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83,770 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,925 |
| Insurance | $27,788 |
| All other expenses | -$11,869 |
| Total functional expenses | $3,017,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394,527 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $213,518 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $609,899 |
| Investments—publicly traded securities | $1,837,352 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,055,296 |
| Accounts payable and accrued expenses | $687,078 |
| Grants payable | $0 |
| Deferred revenue | $130,156 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $817,234 |
| Net assets without donor restrictions | $2,238,062 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,055,296 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tuacahn Center For The Arts Ivins, UT | $34,690,918 | $26,402,780 |
Bravo Colorado At Vail-Beaver Creek Vail, CO | $12,788,410 | $9,569,156 |
Foundation For Traditional Cultureinc Mesa, AZ | $308,713 | $3,836,447 |
Utah Certified Development Company Ogden, UT | $3,055,296 | $3,200,082 |
Davis Performing Arts Association Centerville, UT | $4,174,799 | $3,299,831 |
Spencer Theater For The Performing Arts Inc Alto, NM | $16,060,098 | $2,857,669 |
Utah Arts Alliance Salt Lake City, UT | $1,603,300 | $1,841,835 |
Arizona Academy Of The Performing Arts Inc Tempe, AZ | $1,249,723 | $1,575,057 |
Pioneer Center For The Performing Arts Reno, NV | $12,422,546 | $490,309 |
Valley Youth Theatre Phoenix, AZ | $6,747,995 | $6,073,336 |
Lake Dillon Foundation For The Performing Arts Silverthorne, CO | $3,674,810 | $1,325,094 |
Sheridan Arts Foundation Telluride, CO | $2,967,332 | $1,721,240 |