Nonprofit · EIN 86-2359494
ECONOMIC DEVELOPMENT CORPORATION OF UTAH FOUNDATION
Tax-exempt · SALT LAKE CITY, UT 84111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $25,000 | $12,000 | $13,000 | $45,000 | $32,000 | $13,000 |
| June 30, 2024 | 990-EZ | $0 | $19,512 | -$19,512 | $20,000 | $20,000 | $0 |
| June 30, 2023 | 990 | $465,280 | $498,099 | -$32,819 | $20,413 | $901 | $19,512 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $25,000
- Program service revenue
- $0
- Investment income
- $0
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $12,000
- Program services (functional)
- $12,000
Balance sheet and other
- Total assets, start of year
- $20,000
- Total assets, end of year
- $45,000
- Total liabilities, end of year
- $32,000
- Net assets, end of year
- $13,000
- Cash, savings and investments
- $45,000
- Gross receipts
- $25,000
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-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ryan Starks | Board Member | 1 | $0 |
| Tom Morgan | Board Member | 0 | $0 |
| Michelle Smith | Board Member | 0 | $0 |
990-EZ for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Scott Cuthbertson | Board Member | 1 | $0 |
| Tom Morgan | Board Member | 0 | $0 |
| Michelle Smith | Board Member | 0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THERESA FOXLEY | BOARD MEMBER Trustee or director | 2 | $0 | $241,752 | $12,868 |
| ZE MIN XIAO | DIRECTOR Officer | 40 | $92,592 | $0 | $14,447 |
| SCOTT CUTHBERTSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TOM MORGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHELLE SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 201 S MAIN ST, SALT LAKE CITY, UT 84111-2215
- In care of
- % ECONOMIC DEVELOPMENT CORP OF UTAH
- Signed the 990-EZ
- Ryan Starks, CEO
- Phone
- (801) 328-8824
- Return prepared by
- Collette Kirsling
Mission
To serve as a catalyst for quality job growth and increased capital investment in the state.
Program accomplishments
- Economic Development Corporation of Utah catalyzes catalyzes capital investment and strategic economic opportunities to create quality jobs in Utah.Expenses $12,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 86-2359494
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $45,000
- Income (IRS master file)
- $25,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $25,000 | $12,000 | $45,000 | XML |
| 990-EZ | June 2024 | $0 | $19,512 | $20,000 | XML |
| 990 | June 2023 | $465,280 | $498,099 | $20,413 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 86-2359494).
Questions about ECONOMIC DEVELOPMENT CORPORATION OF UTAH FOUNDATION
- What is the EIN of ECONOMIC DEVELOPMENT CORPORATION OF UTAH FOUNDATION?
- The employer identification number (EIN) of ECONOMIC DEVELOPMENT CORPORATION OF UTAH FOUNDATION is 86-2359494.
- Is ECONOMIC DEVELOPMENT CORPORATION OF UTAH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to ECONOMIC DEVELOPMENT CORPORATION OF UTAH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC DEVELOPMENT CORPORATION OF UTAH FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ECONOMIC DEVELOPMENT CORPORATION OF UTAH FOUNDATION 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 CORPORATION OF UTAH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who are the officers and directors of ECONOMIC DEVELOPMENT CORPORATION OF UTAH FOUNDATION?
- The 990-EZ for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does ECONOMIC DEVELOPMENT CORPORATION OF UTAH FOUNDATION have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $25,000, expenses of $12,000 and total assets of $45,000 at year end.
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All nonprofits in SALT LAKE CITY · Utah · Community improvement and capacity building