Nonprofit · EIN 74-2502619
ECONOMIC DEVELOPMENT CORP OF UTAH
Tax-exempt (reinstated) · SALT LAKE CTY, UT 84111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,542,737 | $2,611,281 | -$1,068,544 | $2,675,176 | $1,030,071 | $1,645,105 |
| June 30, 2024 | 990 | $2,040,810 | $2,853,718 | -$812,908 | $3,504,683 | $791,034 | $2,713,649 |
| June 30, 2023 | 990 | $2,950,947 | $2,898,073 | $52,874 | $4,477,272 | $950,715 | $3,526,557 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,335,344
- of which government grants
- $175,000
- Membership dues
- $1,139,844
- Program service revenue
- $97,100
- Investment income
- $27,436
- Net income from fundraising events
- $82,857
- Other revenue
- $82,857
Expenses
- Grants and similar amounts paid
- $16,595
- Compensation of officers, directors and key employees
- $111,460
- Other salaries and wages
- $1,402,936
- Salaries, compensation and benefits (total)
- $1,790,960
- Professional fundraising fees
- $0
- Occupancy
- $131,223
- Travel
- $31,591
- Depreciation
- $43,576
Balance sheet and other
- Total assets, start of year
- $3,504,683
- Total assets, end of year
- $2,675,176
- Total liabilities, end of year
- $1,030,071
- Net assets, end of year
- $1,645,105
- Land, buildings and equipment
- $188,627
- Net assets without donor restrictions
- $1,645,105
- Gross receipts
- $1,619,186
- Employees
- 24
- Volunteers
- 140
- Year formed
- 1987
- State of legal domicile
- UT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Derek Miller | President & Chief Executive Officer Trustee or director, Officer | 4 | $0 | $517,197 | $55,197 |
| Scott Cuthbertson | Former President & CEO Officer | 40 | $313,083 | $0 | $14,658 |
| Heidi Walker | Chief Operating Officer Officer | 4 | $0 | $247,189 | $8,739 |
| Daniel Brimhall | Chief Financial Officer Officer | 4 | $0 | $184,298 | $21,324 |
| Colby Cooley | Senior Vice President of Operations Highest-paid employee | 40 | $125,897 | $0 | $20,120 |
| Erin Farr | Deputy Director & Vice President of Business Development Highest-paid employee | 40 | $130,176 | $0 | $11,611 |
| Sara Adelman | Vice President of Marketing Highest-paid employee | 40 | $118,485 | $0 | $18,839 |
| Gregory Bisping | Vice President of Investor Relations Highest-paid employee | 40 | $114,143 | $0 | $11,138 |
| Gary Porter | Finance Committee Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Jeremy Hafen | Board Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Nathan Callister | Board Past Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Amanda Covington | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Benjamin Brown | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Chloe Gehrke | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Clark Ivory | Board Member Trustee or director | 1 | $0 | $0 | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Petersen | Board Member Trustee or director | 1 | $0 |
| Dirk Burton | Board Member Trustee or director | 1 | $0 |
| Donna Milavetz | Board Member Trustee or director | 1 | $0 |
| Erin Barry | Board Member Trustee or director | 1 | $0 |
| Erin Laney Barr | Board Member Trustee or director | 1 | $0 |
| Jonathan Hafen | Board Member Trustee or director | 1 | $0 |
| Judd Cook | Board Member Trustee or director | 1 | $0 |
| Kaitlin Eskelson | Board Member Trustee or director | 1 | $0 |
| Matt Lyon | Board Member Trustee or director | 1 | $0 |
| Natalie Gochnour | Board Member & Chief Economist Trustee or director | 1 | $0 |
| Nate Foster | Board Member Trustee or director | 1 | $0 |
| Richard Garlish | Board Member Trustee or director | 1 | $0 |
| Rob Hitchcock | Board Member Trustee or director | 1 | $0 |
| Spencer P Eccles | Board Member Trustee or director | 1 | $0 |
| Sterling Nielsen | Board Member Trustee or director | 1 | $0 |
| Susan Robel | Board Member Trustee or director | 1 | $0 |
| Taylor Randall | Board Member Trustee or director | 1 | $0 |
| Thomas Morgan | Board Member Trustee or director | 1 | $0 |
| Ryan Starks | Executive Director Officer | 40 | $0 |
990 for the year ended June 30, 2024: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT CUTHBERTSON | PRESIDENT & Officer | 40 | $219,726 | $15,773 |
| STEPHANIE FROHMAN | SVP, STRATEG Highest-paid employee | 40 | $156,215 | $20,363 |
| COLBY COOLEY | SVP, OPERATI Highest-paid employee | 40 | $144,392 | $18,494 |
| JILL KIRSLING | CFO Officer | 6 | $44,100 | $0 |
| DEBBIE WINN | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JUDD COOK | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| TOM MORGAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BRANDON GORDON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROB MOORE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LARRY JENSEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MATT HIRST | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RYAN MEYER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTY ALTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTIAN GARDNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RYAN STARKS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD GARLISH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL AMBRE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J STEVEN PRICE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAN RICHARDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BEN HART | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANICE CO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOB STEVENSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BEN NADOLSKI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIN MENDENHALL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JENNY WILSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GAGE FROERER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DIRK BURTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REED LAWS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRENNEN BROWN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JASON HILL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRIE DAVIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BETH HOLBROOK | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 42 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THERESA FOXLEY FORMER | PRESIDENT AN Officer | 40 | $241,752 | $12,868 |
| STEPHANIE FROHMAN | VP OF STRATE Highest-paid employee | – | $140,769 | $18,904 |
| COLBY COOLEY | VP OF BUSINE Highest-paid employee | – | $127,888 | $14,407 |
| JILL KIRSLING | CFO Officer | 30 | $109,521 | $22,631 |
| SCOTT CUTHBERTSON | PRESIDENT & Officer | 40 | $0 | $0 |
| GARY HOOGEVEEN | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DAWN RAMSEY | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JUDD COOK | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| THOMAS MORGAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| STEVE STARKS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY COKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DIRK BURTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MIKE CALDWELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NATE CALLISTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARINE CLARK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL HEMMERT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALAN MATHESON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MATT HIRST | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIN MENDENHALL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROB MOORE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRYAN NIELSEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J STEVEN PRICE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOB STEVENSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TARA THUE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LARRY JENSEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RYAN MEYER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ARI BRUENING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TROY WALKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTIAN GARDNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTY ALTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TAYLOR RANDALL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DENEECE HUFTALIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JENNY WILSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHELLEY KIMBERLY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES JACKSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ABBY OSBORNE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STUART ADAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NOELLE COCKETT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVE WOOLSTENHULME | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANICE CO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GAGE FROERER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BEN HART | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 201 S MAIN ST STE 425, SALT LAKE CTY, UT 84111-2238
- Principal officer (990 for 2024)
- Derek Miller, 201 South Main Street 2300, Salt Lake City, UT 84111
- Signed the 990
- Jill Kirsling, Chief Financial Officer
- Phone
- (801) 364-3631
- Website
- www.edcutah.org
- Return prepared by
- Larson & Company PC
Mission
ECONOMIC DEVELOPMENT CORPORATION OF UTAH (EDCUTAH) SERVES AS A CATALYST FOR QUALITY JOB GROWTH AND INCREASED CAPITAL INVESTMENT BY ASSISTING IN-STATE COMPANIES TO GROW AND RECRUITING OUT-OF-STATE COMPANIES TO EXPAND AND RELOCATE INTO UTAH.
Program accomplishments
- IN FY 2024-25 EDCUTAH'S BUSINESS DEVELOPMENT TEAM ASSISTED 20 COMPANIES IN THEIR RELOCATION OR EXPANSION INTO UTAH, THAT IN TURN PLAN TO CREATE OR RETAIN MORE THAN 3,213 JOBS OVER THE LIFE OF THEIR PROJECTS, $1.29 BILLION IN CAPITAL EXPENDITURE AND 1.55 MILLION SQUARE FOOTAGE ABSORPTION IN UTAH REAL ESTATE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2502619
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $2,675,176
- Income (IRS master file)
- $1,619,186
Revocation and reinstatement
- Exemption revoked
- November 15, 2013
- Posted by the IRS
- March 10, 2014
- Reinstated
- Effective March 15, 2016
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,542,737 | $2,611,281 | $2,675,176 | IRS |
| 990 | June 2024 | $2,040,810 | $2,853,718 | $3,504,683 | IRS |
| 990 | June 2023 | $2,950,947 | $2,898,073 | $4,477,272 | XML |
| 990 | June 2022 | $3,120,960 | $2,860,324 | $3,726,215 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-2502619).
Questions about ECONOMIC DEVELOPMENT CORP OF UTAH
- What is the EIN of ECONOMIC DEVELOPMENT CORP OF UTAH?
- The employer identification number (EIN) of ECONOMIC DEVELOPMENT CORP OF UTAH is 74-2502619.
- Is ECONOMIC DEVELOPMENT CORP OF UTAH tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2013 and reinstated it effective March 15, 2016.
- Are donations to ECONOMIC DEVELOPMENT CORP OF UTAH tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ECONOMIC DEVELOPMENT CORP OF UTAH file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ECONOMIC DEVELOPMENT CORP OF UTAH due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC DEVELOPMENT CORP OF UTAH last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ECONOMIC DEVELOPMENT CORP OF UTAH?
- The 990 for the year ended June 30, 2025 names Derek Miller.
- Who are the officers and directors of ECONOMIC DEVELOPMENT CORP OF UTAH?
- The 990 for the year ended June 30, 2025 lists 34 people; 5 received compensation from the organization.
- How much revenue does ECONOMIC DEVELOPMENT CORP OF UTAH have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,542,737, expenses of $2,611,281 and total assets of $2,675,176 at year end.
Other nonprofits in SALT LAKE CTY
- ROCKY MOUNTAIN COMMUNITY REINVESTMENT CORPORATION EIN 87-0620659 · last filed 990 for 2025
- UTAH SPORTS COMMISSION EIN 87-0650627 · last filed 990 for 2025
- 47G UTAH AEROSPACE & DEFENSE EIN 88-3427002 · last filed 990 for 2024
- HOUSING ASSISTANCE MANAGEMENT ENTERPRISE EIN 87-0501094 · last filed 990 for 2024
- GO3ETA INC EIN 26-0583558 · last filed 990 for 2025
- WASATCH COMMUNITY GARDENS EIN 74-2550359 · last filed 990 for 2025
- ENVISION UTAH EIN 87-0462205 · last filed 990 for 2024
- UTAH ADVANCED MATERIALS MANUFACTURING INITIATIVE EIN 81-3657193 · last filed 990 for 2024
All nonprofits in SALT LAKE CTY · Utah · Community improvement and capacity building