Utah Small Business Loan Fund
- Assets
- $4.0m
- Revenue
- $243.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Millcreek, UT
- Founding
- 11/2002
- Data as of
- 12/2023
- EIN
- 87-0678829
Organization Overview
Utah Small Business Loan Fund is located in Millcreek, UT. The organization was established in 2002. According to its NTEE Classification (J12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Small Business Loan Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Utah Small Business Loan Fund generated $243.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $215.1k during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Detlef Galke Board Member | 0 | $2,000 | |
Cindy Hall Board Member | 0 | $2,000 | |
Ron Richins Board Chairman | 0 | $2,000 | |
Steve Suite Executive Director | 0 | $50,000 | |
Steve Grizzell Board Member | 0 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $152 |
| Interest on Savings | $1,099 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $241,894 |
| Total Revenue | $243,145 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,079 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $128,008 |
| Total operating and administrative expenses | $215,106 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $215,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $423,261 |
| Net Accounts receivable | $15 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $3,595,033 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $588 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,018,898 |
| Accounts payable and accrued expenses | $4,575 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $329,311 |
| Other liabilities | $0 |
| Total liabilities | $333,886 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cars For Charity Inc Denver, CO | $427,262 | $2,171,070 |
Utah Small Business Loan Fund Millcreek, UT | $4,018,898 | $243,145 |
Mc-1 Foundation Golden, CO | $111,917 | $0 |
Jobar Foundation Crested Butte, CO | $386,962 | $6,079 |
Worldatwork Foundation Scottsdale, AZ | $6,542 | $0 |