Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 75-3146492

UTAH CAPITAL INVESTMENT CORPORATION

Tax-exempt · LEHI, UT 84048

Financials

−$926K$10.8M2023$2.1M$4M2024
Revenue Expenses · by fiscal year end
Financials of UTAH CAPITAL INVESTMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,081,723$3,976,362-$1,894,639$34,619,318$329$34,618,989
December 31, 2023990-$925,538$10,816,584-$11,742,122$39,572,818$2,337$39,570,481
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$1,971,575
Royalties
$2,744
Net gain from sales of assets
$1,571,374
Other revenue
$110,148

Expenses

Grants and similar amounts paid
$3,500,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$8,978
Accounting fees
$80,958
Program services (functional)
$3,859,925
Management and general (functional)
$116,437

Balance sheet and other

Total assets, start of year
$39,572,818
Total assets, end of year
$34,619,318
Total liabilities, end of year
$329
Net assets, end of year
$34,618,989
Net assets without donor restrictions
$34,618,989
Gross unrelated business income
-$37,921
Gross receipts
$2,081,723
Employees
0
Volunteers
5
Year formed
2004
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MARLO OAKSBOARD MEMBER
Trustee or director
1$0
PAUL CLAYSONBOARD MEMBER
Trustee or director
1$0
JASON GULLBOARD MEMBER
Trustee or director
1$0
KIRT SLAUGHMANAGING DIRECTOR
Officer
2$0
JASON NIELSENFINANCIAL DIRECTOR
Officer
2$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensationOther / benefits
BRET JEPSENMANAGING DIRECTOR JAN-FEB
Trustee or director, Officer
40$133,154$4,794
MARLO OAKSBOARD MEMBER
Trustee or director
1$0$0
PAUL CLAYSONBOARD MEMBER
Trustee or director
1$0$0
JASON GULLBOARD MEMBER
Trustee or director
1$0$0
JASON NIELSENFINANCIAL DIRECTOR
Officer
2$0$0
KIRT SLAUGHMANAGING DIRECTOR FEB-DEC
Officer
2$0$0

Address and contacts

Address (IRS master file)
2901 N ASHTON BLVD STE 200, LEHI, UT 84048-5496
Principal officer (990 for 2024)
KIRT SLAUGH, 2901 N ASHTON BLVD SUITE 200, LEHI, UT 84043
Signed the 990
KIRT SLAUGH, ACTING DIRECTOR
Phone
(801) 432-7667
Return prepared by
EIDE BAILLY LLP

Mission

TO PROVIDE ECONOMIC STIMULUS FOR UTAH BUSINESSES BY ORGANIZING AND ACTING AS THE MANAGING MEMBER OF THE UTAH FUND OF FUNDS, LLC (EIN: 11-3775457). THE FUND IS A STATE OF UTAH ECONOMIC DEVELOPMENT PROGRAM AIMED AT PROVIDING ACCESS TO ALTERNATIVE OR NON-TRADITIONAL CAPITAL TO UTAH ENTERPRENEURS.

990 for the year ended December 31, 2024

Program accomplishments

  • UTAH CAPITAL INVESTMENT CORP WAS ESTABLISHED FOR THE MANAGEMENT OF THE UTAH FUND OF FUNDS, LLC (EIN: 11-3775457).UFOF IS A LIMITED LIABILITY COMPANY ORGANIZED UNDER THE LAWS OF THE STATE OF UTAH. UFOF COMMENCED OPERATIONS ON MARCH 16, 2006. UFOF IS A STATE OF UTAH ECONOMIC DEVELOPMENT PROGRAM AIMED AT PROVIDING ACCESS TO ALTERNATIVE OR NON-TRADITIONAL CAPITAL BY UTAH ENTREPRENEURS. IT DOES NOT INVEST MONEY INTO ANY COMPANY OR INDIVIDUAL BUT RATHER INVESTS IN VENTURE CAPITAL AND PRIVATE EQUITY FUNDS THAT COMMIT TO ESTABLISHING A WORKING RELATIONSHIP WITH THE FUND AND WITH UTAH'S START-UP AND BUSINESS COMMUNITY, AND MAKING INVESTMENTS IN QUALIFIED COMPANIES. UFOF INVESTS IN VENTURE CAPITAL AND PRIVATE EQUITY FUNDS LOCATED BOTH IN UTAH AND OUTSIDE OF UTAH. AS OF DECEMBER 31, 2024 UFOF'S PORTFOLIO OF FUNDS HAD 27 INVESTMENTS.
    Expenses $3,859,925 · grants $3,500,000

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-3146492
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2006
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$34,619,318
Income (IRS master file)
$2,081,723

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,081,723$3,976,362$34,619,318IRS
990-TDecember 2024–––IRS
990December 2023-$925,538$10,816,584$39,572,818XML
990-TDecember 2023–––IRS
990December 2022-$60,060$16,215,276$52,694,225IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––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 75-3146492).

Questions about UTAH CAPITAL INVESTMENT CORPORATION

What is the EIN of UTAH CAPITAL INVESTMENT CORPORATION?
The employer identification number (EIN) of UTAH CAPITAL INVESTMENT CORPORATION is 75-3146492.
Is UTAH CAPITAL INVESTMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to UTAH CAPITAL INVESTMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does UTAH CAPITAL INVESTMENT CORPORATION 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 UTAH CAPITAL INVESTMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UTAH CAPITAL INVESTMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of UTAH CAPITAL INVESTMENT CORPORATION?
The 990 for the year ended December 31, 2024 names KIRT SLAUGH.
Who are the officers and directors of UTAH CAPITAL INVESTMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does UTAH CAPITAL INVESTMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,081,723, expenses of $3,976,362 and total assets of $34,619,318 at year end.

Other nonprofits in LEHI

All nonprofits in LEHI · Utah · Community improvement and capacity building