2026-06-02T11:51:20-07:00 2025-09-30 522408237 Carver Florek & James LLC 2315 McDonald Avenue Suite 300 Missoula MT 59801 990 2024-10-01 870495534 UTAH MICROENTERPRISE LOAN FUND UTAH 8017461180 154 EAST FORD AVENUE STE A SALT LAKE CITY UT 84115 DOUG KEEFE Executive Director 2026-06-02 true true Angel Sharp CPA P00964705 4067285539 2024 2025-03-06 01:10:19Z DOUG KEEFE 154 EAST FORD AVENUE STE A SALT LAKE CITY UT 84115 1742892 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. 27 27 6 0 291875 714177 242579 176750 13905 846041 1800 5924 550159 1742892 0 0 602342 553586 0 45437 539902 305004 1142244 858590 -592085 884302 2697693 2350796 2574332 1343133 123361 1007663 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 399538 176750 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, 20 LOANS WERE MADE TOTALLING $215,233.45. 399538 true true false false false false false false true false false 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 6 0 false 6 true false false false false false false false 0 false false false false false false false X 27 27 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 134331 0 27146 MIKE WEAVER BOARD MEMBER 1.00 0.00 X 0 0 0 JACKIE HOBSON BOARD MEMBER 1.00 0.00 X 0 0 0 RYAN JONES CHAIR 1.00 0.00 X X 0 0 0 STEVE HANNAY BOARD MEMBER 1.00 0.00 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 MATT LONGMAN 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 SIDNI SHORTER 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 ZACHARY SMITH BOARD MEMBER 1.00 0.00 X 0 0 0 ERIC BLANCHARD 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 BALA TRIOLO BOARD MEMBER 1.00 0.00 X 0 0 0 MATTHEW RENLUND BOARD MEMBER 1.00 0.00 X 0 0 0 RACHEL HADLEY BOARD MEMBER 1.00 0.00 X 0 0 0 JUSTIN CROWLEY BOARD MEMBER 1.00 0.00 X 0 0 0 CARYL ERIKSSON BOARD MEMBER 1.00 0.00 X 0 0 0 JUSTIN DE JONG BOARD MEMBER 1.00 0.00 X 0 0 0 ALAN URIE BOARD MEMBER 1.00 0.00 X 0 0 0 JOEL BEUS Secretary 1.00 0.00 X X 0 0 0 134331 27146 1 false true false 0 103288 610889 714177 LOAN FEES 522291 53486 53486 LOAN INTEREST 522291 123264 123264 176750 6902 6902 0 0 5924 5924 5924 5924 839139 839139 839139 839139 0 0 0 0 1742892 176750 851965 0 0 0 0 165481 71740 80159 13582 0 323848 140395 156872 26581 9366 4060 4537 769 19526 8465 9458 1603 35365 15332 17131 2902 0 0 40775 40775 0 0 0 0 12986 12986 59682 59682 0 0 13493 13493 0 0 15510 15510 30449 30449 0 3851 3851 3814 3814 LOAN LOSSES 114633 114633 Dues & Subscriptions 8333 8333 BORROWER SUPPORT, LOAN 1478 1478 0 858590 399538 413615 45437 370185 919905 676549 935215 17800 0 1410 298 0 0 0 0 0 182150 0 0 0 1435777 483661 0 13822 11717 2697693 2350796 137787 148112 81291 58356 2355254 1136665 2574332 1343133 X 123361 677663 330000 123361 1007663 2697693 2350796 884302 X X false true X true false X 430721 546895 279687 291875 714177 2263355 0 0 430721 546895 279687 291875 714177 2263355 720964 1542391 11133 3926 3811 7581 6902 33353 0 0 2296708 1170407 0.67160 0.73830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 38643 38643 false 483661 X 1742892 1742892 1742892 858590 858590 858590 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. 134331 27146 161477 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.