Form 990 for tax year 2023
Filed by WORLD TRADE CENTER UTAH FOUNDATION.
Totals
- Total revenue
- $319,722
- Total expenses
- $49,578
- Contributions and grants received
- $307,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $12,722
- Other revenue
- $0
- Total assets, end of year
- $1,601,560
- Total liabilities, end of year
- $695,714
- Net assets or fund balances, end of year
- $905,846
- Program services expenses (Part IX)
- $49,578
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $49,578
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$307,000
-
3 · Investment income
total $12,722 · excluded $12,722
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $47,028 · program services $47,028
-
13 · Office expenses
total $2,500 · program services $2,500
-
24a · Other expenses: EDUCATION SPONSORSHIPS
total $50 · program services $50
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $924,782 · end of year $162,839
-
2 · Savings and temporary cash investments
end of year $1,313,721
-
4 · Accounts receivable
beginning of year $195,000 · end of year $125,000
-
18 · Grants payable
beginning of year $389,999 · end of year $180,672
-
25 · Other liabilities
beginning of year $121,312 · end of year $515,042
-
27 · Net assets without donor restrictions
beginning of year $608,471 · end of year $905,846
Mission and programs · 2023
Mission
WORLD TRADE CENTERUTAH FOUNDATIONACCELERATES GROWTH FOR UTAH COMPANIES THROUGH OUR GLOBAL NETWORKS, PROGRAMS, AND SERVICES.
-
WORLD TRADE CENTER UTAH LEADS UTAHS INTERNATIONAL BUSINESS DEVELOPMENT AND ELEVATES UTAHS GLOBAL STATUS TO PROMOTE PROSPERITY AND BUILD ECONOMIC RESILIENCE. WTC UTAH ACCOMPLISHES THIS MISSION BY PURSUING THREE KEY OBJECTIVES: 1) EMPOWER UTAH BUSINESSES TO EXPAND INTERNATIONAL SALES TO INCREASE REVENUE AND CREATE JOBS, 2) ATTRACT FOREIGN INVESTMENT AND FACILITATE INTERNATIONAL PARTNERSHIPS TO FUEL INNOVATION AND BUSINESS DEVELOPMENT, AND 3) MOBILIZE TEAM UTAHS INTERNATIONAL ENGAGEMENT TO ELEVATE UTAHS GLOBAL STATUS.
Expenses $49,578
As filed on the 2023 return.
Listed in Part VII
-
Miles HansenMILES HANSEN
FORMER CEO/B
- Total calculated
- $191,225
- From this org
- $0
- From related orgs
- $166,468
- Other
- $24,757
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $23,968 related
- Bonus
- not reported + $142,500 related
- Other
- not reported
- Deferred
- not reported + $12,359 related
- Nontaxable benefits
- not reported + $12,398 related
- Filer's total
- not reported + $191,225 related
-
Jennifer NakaoJENNIFER NAKAO
CFO
- Total calculated
- $176,194
- From this org
- $0
- From related orgs
- $152,435
- Other
- $23,759
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $127,435 related
- Bonus
- not reported + $25,000 related
- Other
- not reported
- Deferred
- not reported + $7,105 related
- Nontaxable benefits
- not reported + $16,654 related
- Filer's total
- not reported + $176,194 related
-
Jonathan FreedmanJONATHAN FREEDMAN
CEO
- Total calculated
- $107,708
- From this org
- $0
- From related orgs
- $94,615
- Other
- $13,093
- Hours/week
- 1 + 39 related
-
Scott AndersonSCOTT ANDERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jeremy AndrusJEREMY ANDRUS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lew CramerLEW CRAMER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Natalie GochnourNATALIE GOCHNOUR
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jon Huntsman JrJON HUNTSMAN JR
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Missy LarsenMISSY LARSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Derek MillerDEREK MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Derrick PorterDERRICK PORTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ryan StarksRYAN STARKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Danielle WrightDANIELLE WRIGHT
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501C6 · ECON DEV · UT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443209349310714
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