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EIN 47-2584227

UGF Institute

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Salt Lake City
State
Utah
Year formed
2014
Most recent tax filings
2022-12-01
NTEE code, primary
B50: Graduate, Professional Schools
Description
UGF Institute offers university students a unique and hands-on educational experience in venture capital and private equity. Students have the opportunity to interact directly with entrepreneurs and investors, gaining valuable experience in a broad range of business practices. The institute also provides value-added services to businesses, including co-invested firms and portfolio companies.
Total revenues
$184,095
2022
Total expenses
$329,009
2022
Total assets
$56,484
2022
Num. employees
1
2022

Program areas at UGF Institute

The UGF Institute provides an opportunity for students to gain experience in a broad range of business practices while providing value-added services to a variety of businesses, including the firms with which the Fund co-invests and the portfolio companies in which the Fund invests. Students gain a hands-on education in corporate finance and business operations. They also develop a greater awareness and appreciation of the importance of promoting economic development and community welfare through investing in small businesses. The Institute also provides scholarships and other experiential learning opportunities to support students participating in the program.

Who funds UGF Institute

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Ally Charitable FoundationScholarships for Educational/experiential Learning$95,000

Personnel at UGF Institute

NameTitleCompensation
Rakesh NankaniPrincipal$115,000
Tom StringhamPresident$0
Jan BergesonChair$0

Financials for UGF Institute

RevenuesFYE 12/2022
Total grants, contributions, etc.$184,095
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$184,095

Form 990s for UGF Institute

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-16990View PDF
2021-122022-11-15990View PDF
2020-122021-11-19990EZView PDF
Data update history
December 3, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 2, 2023
Updated personnel
Identified 5 new personnel
October 26, 2023
Received grants
Identified 1 new grant, including a grant for $95,000 from Ally Charitable Foundation
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 27, 2023
Posted financials
Added Form 990EZ for fiscal year 2020
Nonprofit Types
SchoolsCharities
Issues
Education
Characteristics
Partially liquidatedState / local levelProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
299 S Main St Ste 357
Salt Lake City, UT 84111
Metro area
Salt Lake City, UT
County
Salt Lake County, UT
Website URL
ugrowthfund.com/ 
Phone
(801) 531-9100
IRS details
EIN
47-2584227
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B50: Graduate, Professional Schools
NAICS code, primary
6116: Other Schools and Instruction
Parent/child status
Independent
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