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EIN 74-2502619

Economic Development Corporation of Utah (EDCU)

IRS 501(c) type
501(c)(6)
Num. employees
24
City
Salt Lake City
State
Utah
Year formed
1987
Most recent tax filings
2023-06-01
NTEE code, primary
S30: Economic Development
Description
Economic Development Corporation of Utah is a public/private partnership, working with state and local government and private industry to attract and grow competitive, high-value companies and spur the development and expansion of local Utah businesses.
Also known as...
Economic Development Corp of Utah
Total revenues
$2,950,947
2023
Total expenses
$2,898,073
2023
Total assets
$4,477,272
2023
Num. employees
24
2023

Program areas at EDCU

In fy 2022-23 edcutah's business Development team assisted 26 companies in their relocation or expansion into Utah, that in turn plan to create or retain more than 5,152 jobs over the life of their projects.
Edcutah continued its proactive global strategy & outreach lead generation program, meeting with 103 companies and generating several high value corporate recruiting projects. Those projects have the potential to create thousands of jobs and invest millions of dollars in facilities and equipment over the next few years.

Who funds Economic Development Corporation of Utah (EDCU)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Ihc Health ServicesPromote Community Health$25,000

Personnel at EDCU

NameTitleCompensation
Theresa Foxley FormerPresident and Chief Executive Officer$241,752
Michael FlynnChief Operating Officer$154,620
Jill KirslingChief Financial Officer$109,521
Christopher HilburnVice President of Market$117,990
Stephanie FrohmanseniorVice President of Strategy and Partnerships
...and 19 more key personnel

Financials for EDCU

RevenuesFYE 06/2023
Total grants, contributions, etc.$2,830,588
Program services$29,881
Investment income and dividends$4,538
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$450
Net income from fundraising events$42,316
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$43,174
Total revenues$2,950,947

Form 990s for EDCU

Fiscal year endingDate received by IRSFormPDF link
2022-062023-02-06990View PDF
2021-062022-03-18990View PDF
2020-062021-02-11990View PDF
2019-062020-09-02990View PDF
2018-062019-03-15990View PDF
...and 6 more Form 990s
Data update history
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 16, 2023
Updated personnel
Identified 21 new personnel
June 8, 2023
Updated personnel
Identified 13 new personnel
May 21, 2023
Received grants
Identified 1 new grant, including a grant for $80,000 from Walton Family Foundation
January 26, 2023
Updated personnel
Identified 6 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
Fundraising eventsState / local levelReceives government fundingCommunity engagement / volunteeringFundraising races, competitions, and tournaments
General information
Address
201 S Main St Ste 425
Salt Lake City, UT 84111
Metro area
Salt Lake City, UT
County
Salt Lake County, UT
Website URL
edcutah.org/ 
Phone
(800) 574-8824
Facebook page
EDCUtahOrg 
Twitter profile
@edcutahorg 
IRS details
EIN
74-2502619
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1987
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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