2025-08-11T15:34:12-07:00 2024-09-30 522408237 Carver Florek & James LLC 2315 McDonald Avenue Suite 300 Missoula MT 59801 990 2023-10-01 870495534 UTAH MICROENTERPRISE LOAN FUND UTAH 8017461180 154 EAST FORD AVENUE STE A SALT LAKE CITY UT 84115 DOUG KEEFE Executive Director 2025-08-11 true true Angel Sharp CPA P00964705 4067285539 2023 2025-03-06 01:10:19Z DOUG KEEFE 154 EAST FORD AVENUE STE A SALT LAKE CITY UT 84115 550159 false X WWW.UMLF.COM X 1991 UT 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. 20 20 8 0 279687 291875 262009 242579 3811 13905 2200 1800 547707 550159 0 0 589403 602342 0 45109 483589 539902 1072992 1142244 -525285 -592085 3991904 2697693 3276458 2574332 715446 123361 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. false false 708014 242579 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 2024, 26 LOANS WERE MADE TOTALLING $469,452.72. 708014 true true false false false false false false true false true false true false false true true false 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 false false false true 7 0 false 8 true false false false false false false false 0 false false false false false false false X 20 20 false false false false false false false true true false false true true true true true true true true false X DOUG KEEFE 8017461180 154 EAST FORD AVE SALT LAKE CITY UT 84115 DOUG KEEFE Executive Dir. 40.00 0.00 X 131612 0 22143 MIKE WEAVER BOARD MEMBER 1.00 0.00 X 0 0 0 LORI FIKE BOARD MEMBER 1.00 0.00 X 0 0 0 RYAN JONES CHAIR 1.00 0.00 X X 0 0 0 ERIC MARX Treasurer 1.00 0.00 X X 0 0 0 SAM ROBERTS BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN TAUDTE BOARD MEMBER 1.00 0.00 X 0 0 0 TODD JONES BOARD MEMBER 1.00 0.00 X 0 0 0 DON POULTON BOARD MEMBER 1.00 0.00 X 0 0 0 JIM HERRIN BOARD MEMBER 1.00 0.00 X 0 0 0 JIM WELCH BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT CHRISTENSEN BOARD MEMBER 1.00 0.00 X 0 0 0 SHEILA SRIVASTAVA BOARD MEMBER 1.00 0.00 X 0 0 0 SETH WHEATLEY BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID YOUNG BOARD MEMBER 1.00 0.00 X 0 0 0 JENNIFER WELDING BOARD MEMBER 1.00 0.00 X 0 0 0 JOE EYRE BOARD MEMBER 1.00 0.00 X 0 0 0 MATTHEW RENLUND BOARD MEMBER 1.00 0.00 X 0 0 0 BETH COLOSIMO BOARD MEMBER 1.00 0.00 X 0 0 0 LIZ HAN BOARD MEMBER 1.00 0.00 X 0 0 0 CARYL ERIKSSON BOARD MEMBER 1.00 0.00 X 0 0 0 131612 22143 1 false true false 0 62138 229737 291875 LOAN FEES 522291 46606 46606 LOAN INTEREST 522291 195973 195973 242579 7581 7581 0 0 1800 1800 1800 1800 6324 6324 6324 6324 0 0 0 0 550159 242579 15705 0 0 0 0 159666 79031 69230 11405 0 359492 177941 155873 25678 10662 5277 4623 762 33591 16627 14565 2399 38931 19270 16880 2781 0 0 20900 20900 0 0 0 0 17979 17979 52729 52729 0 0 18846 12593 4169 2084 0 0 14516 14516 38131 38131 0 17184 17184 4815 4815 LOAN LOSSES 339122 339122 Dues & Subscriptions 13612 13612 BORROWER SUPPORT, LOAN 2043 2043 MISC 25 25 0 1142244 708014 389121 45109 657445 370185 875708 676549 8137 17800 748 1410 0 0 0 0 0 546457 364307 199334 182150 0 0 2227014 1435777 0 23518 13822 3991904 2697693 95285 137787 125784 81291 3055389 2355254 3276458 2574332 X 715446 123361 715446 123361 3991904 2697693 -592085 X X false true X true false X 356193 430721 546895 279687 291875 1905371 0 0 356193 430721 546895 279687 291875 1905371 460048 1445323 25914 11133 3926 3811 7581 52365 0 0 1957736 1285933 0.73830 0.63470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 38943 300 38643 false 54200 54200 435968 308025 127943 56289 56282 7 182150 1435777 X 550159 550159 550159 1142244 1142244 1142244 Part IV, Line 1b: Why is organization an agent, trustee, custodian or other intermediary for contrib The Fund services loans for a local governmental entity. Besides the loan origination function, the Funds duties with respect to these loans receivable are limited to collection services for a fee. The Fund does not bear any economic risk of loss for these loans and is not the legal owner. Accordingly, the Fund has not recorded these loans in the accompanying financial statements. Part X : FIN48 Footnote The Fund is organized as a nonprofit corporation in accordance with the laws of the State of Utah and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3), qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi), and has been determined not to be a private foundation under Section 509(a)(1). The Fund is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Fund is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purpose. The Fund has determined it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. The Fund believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Fund would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. X X X X X false false false false false false false false false DOUG KEEFE Executive Dir. 131612 22143 153755 Form 990, Part VI, Section B, Line 11b FORM 990 IS SUBJECT TO BOARD REVIEW AND APPROVAL BEFORE FILING. Form 990, Part VI, Section B, Line 15a THE BOARD MAKES THE DECISION REGARDING EXECUTIVE DIRECTOR COMPENSATION. THE EXECUTIVE DIRECTOR DETERMINES COMPENSATION FOR OTHER EMPLOYEES. THESE DECISIONS ARE APPROVED BY THE BOARD. Form 990, Part VI, Section C, Line 19 THE GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XII, Line 2c EXECUTIVE DIRECTOR REQUESTS BIDS FROM AT LEAST 3 INDEPENDENT AUDITORS AND PRESENTS ALL BIDS TO THE BOARD OF DIRECTORS FOR APPROVAL AND SELECTION.