2025-07-23T12:12:53+00:00 2024-12-31 440160260 Forvis Mazars LLP 250 E 200 S Suite 1200 Salt Lake City UT 84111 990 2024-01-01 472584227 UGF Institute Inc UGFI 8015319100 299 South Main Street Suite 357 Salt Lake City UT 84111 TOM STRINGHAM PRESIDENT 8014105411 2025-07-23 true Adam R Smith P00958966 8015319100 2025-07-17 2024 2025-03-06 01:10:19Z TOM STRINGHAM 299 South Main Street Suite 357 Salt Lake City UT 84111 132919 false X HTTPS://WWW.UGROWTHFUND.COM/ X 2014 UT THE UGF INSTITUTE PROVIDES AN UNPARALLELED, HANDS-ON VENTURE CAPITAL AND PRIVATE EQUITY EDUCATIONAL EXPERIENCE FOR STUDENTS. 9 9 0 65 0 158426 132919 0 0 0 0 0 0 158426 132919 93823 60308 0 0 95411 588 0 0 59 95743 91713 284977 152609 -126551 -19690 33731 14325 150180 150464 -116449 -136139 THE UGF INSTITUTE PROVIDES AN UNPARALLELED, HANDS-ON VENTURE CAPITAL AND PRIVATE EQUITY EDUCATIONAL EXPERIENCE. THE PRIMARY ACTIVITY OF THE INSTITUTE IS GIVING UNIVERSITY STUDENTS THE OPPORTUNITY TO INTERACT DIRECTLY WITH ENTREPRENEURS AND OTHER INVESTORS AS THEY PERFORM DUE DILIGENCE AND PLAY A KEY ROLE IN THE INVESTMENT DECISION MAKING PROCESS. BY GIVING THESE STUDENTS THE ABILITY TO PLAY A KEY ROLE IN MAKING ACTUAL INVESTMENT DECISIONS, STUDENTS ARE ABLE TO LEARN ENTREPRENEURSHIP AND INVESTING AT A MUCH DEEPER LEVEL THAN WHAT CAN BE ACHIEVED IN A CLASSROOM. THE MAJORITY OF COMPANIES SUPPORTED BY THE INSTITUTE CREATE, OR SUPPORT, JOBS FOR LOW TO MODERATE INCOME INDIVIDUALS. false false 60778 60308 0 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. 60778 true true false false false false false false false false false false false true false false false false false false false false false false false false false false true false false false false false false true false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false X 9 9 false false false false false false false false false false false false false false false false false false false false false false UT X TOM STRINGHAM 8014105411 299 SOUTH MAIN SUITE 357 SALT LAKE CITY UT 84111 X JAN BERGESON CHAIR 1.0 0.0 X X 0 0 0 TOM STRINGHAM PRESIDENT 5.0 0.0 X X 0 0 0 BERT ROBERTS BOARD MEMBER 1.0 0.0 X 0 0 0 CHRISTIE PALMER BOARD MEMBER 1.0 0.0 X 0 0 0 FRANKLIN MCLARTY BOARD MEMBER 1.0 0.0 X 0 0 0 MANISHA SAHAI BOARD MEMBER 1.0 0.0 X 0 0 0 PAUL FJELDSTED BOARD MEMBER 1.0 0.0 X 0 0 0 SCOTT PICKETT BOARD MEMBER 1.0 0.0 X 0 0 0 TED ROTH BOARD MEMBER 1.0 0.0 X 0 0 0 PETER HARRIS SECRETARY 5.0 0.0 X 0 0 0 0 0 0 0 false false false 0 132919 132919 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 132919 0 0 0 0 0 60308 60308 0 0 0 0 588 470 59 59 6945 0 6945 0 6418 0 6418 0 1522 0 1522 0 46474 0 46474 0 29221 0 29221 0 STUDENT APPRECIATION 1133 0 1133 0 0 0 0 0 152609 60778 91772 59 28197 8791 0 0 0 0 0 0 0 0 0 0 5534 5534 33731 14325 0 0 150180 150464 0 0 150180 150464 X -116449 -136139 -116449 -136139 33731 14325 -19690 0 X true X false X X 121000 369000 184095 158426 132919 965440 0 0 121000 369000 184095 158426 132919 965440 719456 245984 0 0 0 0 0 0 0 0 965440 0 0.25479 0.25197 X Schedule A, Part II, Line 17a DESCRIPTION OF FACTS AND CIRCUMSTANCES IN 2024, UGF INSTITUTE, INC. (UGF) SAW ITS PUBLIC SUPPORT PERCENTAGE DROP BELOW 26%. ALTHOUGH MOST DONATIONS AND SUPPORT RECEIVED ARE REPRESENTATIVE OF THE COMMUNITY SERVED, HISTORIC DONATIONS FROM ONE LARGE DONOR RESULTED IN A LOWER PUBLIC SUPPORT PERCENTAGE THIS YEAR. UGF CONTINUES TO WORK TO DIVERSIFY ITS FUNDING BASE AND INCREASE ITS PUBLIC SUPPORT. UGF IS A PUBLICLY SUPPORTED CHARITY, AS EVIDENCED BY ITS REPRESENTATIVE GOVERNING BODY. OVER HALF OF THE GOVERNING BOARD ARE LEADERS IN THE COMMUNITY WITH NO AFFILIATIONS TO THE RELATED UGF ORGANIZATIONS. OTHER MEMBERS OF THE GOVERNING BOARD HAVE AN EXPERTISE IN THE VENTURE CAPITAL AND PRIVATE EQUITY AREA AND ARE THE BOARD TO HELP UGF IN EDUCATING THE SCHOLARSHIP RECIPIENTS IN THIS FIELD. UGF PROVIDES SCHOLARSHIPS TO STUDENTS DESIRING TO ENTER THE VENTURE CAPITAL AND PRIVATE EQUITY INDUSTRY. THE SCHOLARSHIP RECIPIENTS ARE CHOSEN FROM A POOL OF CLOSE TO 300 APPLICANTS REPRESENTING THE PUBLIC AND THE PUBLIC IS BENEFITED THROUGH THE ENHANCED EDUCATION AND EXPERIENCE THESE STUDENTS RECEIVE IN THE VENTURE CAPITAL AND PRIVATE EQUITY INDUSTRY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED SECURITY DEPOSIT 5534 5534 true SCHOLARSHIPS 79 60308 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. UGF INSTITUTE, INC, AWARDS SCHOLARSHIPS TO INDIVIDUALS THAT INTERN FOR THE ORGANIZATION. RECIPIENTS MUST BE CURRENT COLLEGE STUDENTS AND THE SCHOLARSHIP IS AWARDED WITH THE UNDERSTANDING THAT THE MONEY IS FOR TUITION, BOOKS, OR OTHER SCHOOL RELATED EXPENSES. UNIVERSITY GROWTH FUND MANAGEMENT SEE PART V TO COVER SHORTFALLS FOR SCHOLARSHIPS AND EXPENSES X 150464 150464 false false false 150464 Schedule L, Part II, Column (b) RELATIONSHIP WITH ORGANIZATION TOM STRINGHAM, PRESIDENT OF UGF INSTITUTE, INC., HAS A GREATER THAN 35% INTEREST IN UNIVERSITY GROWTH FUND MANAGEMENT. Form 990, Part VI, Line 11b Review of form 990 by governing body THE ORGANIZATION'S FINANCE TEAM REVIEWS THE FORM 990 PRIOR TO FILING IT WITH THE IRS. Form 990, Part VI, Line 19 Required documents available to the public THE FINANCIAL AND GOVERNING DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE PRINCIPAL ADDRESS OF THE ORGANIZATION.