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EIN 87-0495534

Utah Microenterprise Loan Fund

IRS 501(c) type
501(c)(3)
Num. employees
9
City
Salt Lake City
State
Utah
Year formed
1991
Most recent tax filings
2023-09-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
The Utah Microenterprise Loan Fund provides funding and management assistance to new and existing businesses that cannot access traditional sources of funding, especially those who belong to the low/moderate income community. Financially and/or socially disadvantaged individuals who want to establish or grow a small business but lack the necessary resources can apply for loans up to $50,000. In the past fiscal year, the fund granted 52 loans with a total value of $1,576,034.
Total revenues
$547,707
2023
Total expenses
$1,072,992
2023
Total assets
$3,991,904
2023
Num. employees
9
2023

Program areas at Utah Microenterprise Loan Fund

Loans made up to $50,000 to financially and/or socially disadvantaged individuals who will start or expand a small business and have insufficient resources to do so. During the fiscal year, 35 loans were made totalling $1,312,465.

Who funds Utah Microenterprise Loan Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Ally Charitable FoundationEmpowering Underserved Entrepreneurs$10,000
Mountain West Small Business FinanceGeneral Support$7,500

Personnel at Utah Microenterprise Loan Fund

NameTitleCompensation
Doug KeefeBoard Member$125,001
Andi CatmullAccounts Manager
Danielle LowerPast Prior Executive Director$51,211

Financials for Utah Microenterprise Loan Fund

RevenuesFYE 09/2023
Total grants, contributions, etc.$279,687
Program services$262,009
Investment income and dividends$3,811
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$2,200
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$547,707

Form 990s for Utah Microenterprise Loan Fund

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-13990View PDF
2022-092023-06-14990View PDF
2021-092022-08-11990View PDF
2020-092021-07-29990View PDF
2019-092020-08-13990View PDF
...and 9 more Form 990s
Data update history
November 22, 2024
Updated personnel
Identified 1 new personnel
September 26, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 22, 2024
Used new vendors
Identified 1 new vendor, including
September 22, 2024
Updated personnel
Identified 5 new personnel
August 1, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Corporate foundationsBusiness and community development organizationsCharities
Issues
Foreign affairsInternational developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
154 E Ford Ave Ste A
Salt Lake City, UT 84115
Metro area
Salt Lake City, UT
County
Salt Lake County, UT
Website URL
utahmicroloanfund.org/ 
Phone
(801) 746-1180
IRS details
EIN
87-0495534
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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