NonprofitsUtah Microenterprise Loan Fund

Public & Societal Benefit

Utah Microenterprise Loan Fund

S SALT LAKE, UT

Total revenue

$550K

Total expenses

$1.1M

Net assets

$123K

Grants received

$359K

8 grants

EIN

870495534

Tax year

2023

Mission

Provide funding and management assistance to new and existing businesses that are not able to access traditional sources of funding; including those who are members of the low/moderate income community.

Financials

FY 2023

Revenue

Contributions & grants$292K
Program service revenue$243K
Investment income$14K
Other revenue$2K
Total revenue$550K

Expenses

Grants paid
Salaries & benefits$602K
Fundraising$45K
Other expenses$540K
Total expenses$1.1M
Total assets$2.7M
Net assets$123K

People

21 listed

NameRoleCompensation

DOUG KEEFE

Executive Dir.

Board

$132K

40 hrs/wk

MIKE WEAVER

BOARD MEMBER

Board

1 hrs/wk

LORI FIKE

BOARD MEMBER

Board

1 hrs/wk

RYAN JONES

CHAIR

Board

1 hrs/wk

ERIC MARX

Treasurer

Board

1 hrs/wk

SAM ROBERTS

BOARD MEMBER

Board

1 hrs/wk

JOHN TAUDTE

BOARD MEMBER

Board

1 hrs/wk

TODD JONES

BOARD MEMBER

Board

1 hrs/wk

DON POULTON

BOARD MEMBER

Board

1 hrs/wk

JIM HERRIN

BOARD MEMBER

Board

1 hrs/wk

JIM WELCH

BOARD MEMBER

Board

1 hrs/wk

ROBERT CHRISTENSEN

BOARD MEMBER

Board

1 hrs/wk

SHEILA SRIVASTAVA

BOARD MEMBER

Board

1 hrs/wk

SETH WHEATLEY

BOARD MEMBER

Board

1 hrs/wk

DAVID YOUNG

BOARD MEMBER

Board

1 hrs/wk

JENNIFER WELDING

BOARD MEMBER

Board

1 hrs/wk

JOE EYRE

BOARD MEMBER

Board

1 hrs/wk

MATTHEW RENLUND

BOARD MEMBER

Board

1 hrs/wk

BETH COLOSIMO

BOARD MEMBER

Board

1 hrs/wk

LIZ HAN

BOARD MEMBER

Board

1 hrs/wk

CARYL ERIKSSON

BOARD MEMBER

Board

1 hrs/wk

Grants received

Showing 8 of 8

FromAmountPurposeYear
$10K
OPERATIONS
2024
$4K
General Support
2024
$10K
EMPOWERING UNDERSERVED ENTREPRENEURS
2023
$10K
Microloan Program Operating Funds
2022
$200K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2020
$100
GENERAL OPERATING SUPPORT
2018

Funded by

$359K from 6 funders · 8 grants · 2018–2024

Jpmorgan Chase Foundation

$200K · 2 grants · 2018–2020

Ally Charitable Foundation

$20K · 2 grants · 2022–2023

Mountain West Foundation

$10K · 1 grant · 2024

PROG Holdings Foundation Inc

$4K · 1 grant · 2024

Details

EIN870495534
NTEE codeW60Z
Subsection03
Ruling date1992-09
Formed1991
Employees8
UTAH MICROENTERPRISE LOAN FUND — Mission, Financials & Grants Received | Grantivo