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Nonprofiteer
← ECONOMIC DEVELOPMENT CORP OF UTAH

Form 990 for tax year 2022

Filed by ECONOMIC DEVELOPMENT CORP OF UTAH.

Totals

Total revenue
$2,950,947
Total expenses
$2,898,073
Contributions and grants received
$2,830,588
Grants paid
$0
Program service revenue
$29,881
Investment income
$4,988
Other revenue
$85,490
Total assets, end of year
$4,477,272
Total liabilities, end of year
$950,715
Net assets or fund balances, end of year
$3,526,557
Program services expenses (Part IX)
$2,321,229
Management and general expenses
$545,716
Fundraising expenses
$31,128
Program service expenses (Part III)
$2,321,229

Program services were 80.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SCOTT CUTHBERTSON

    PRESIDENT &

    Total calculated
    $0
    Hours/week
    40
  • THERESA FOXLEY FORMER

    PRESIDENT AN

    Total calculated
    $254,620
    From this org
    $241,752
    From related orgs
    $0
    Other
    $12,868
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,510
    Bonus
    $15,242
    Other
    not reported
    Deferred
    $8,653
    Nontaxable benefits
    $4,215
    Filer's total
    $254,620
  • JILL KIRSLING

    CFO

    Total calculated
    $132,152
    From this org
    $109,521
    From related orgs
    $0
    Other
    $22,631
    Hours/week
    30
  • STEPHANIE FROHMAN

    VP OF STRATE

    Total calculated
    $159,673
    From this org
    $140,769
    From related orgs
    $0
    Other
    $18,904

    Schedule J breakdown matched by us

    Base
    $133,785
    Bonus
    $6,984
    Other
    not reported
    Deferred
    $5,991
    Nontaxable benefits
    $12,913
    Filer's total
    $159,673
  • COLBY COOLEY

    VP OF BUSINE

    Total calculated
    $142,295
    From this org
    $127,888
    From related orgs
    $0
    Other
    $14,407
  • GARY HOOGEVEEN

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • DAWN RAMSEY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • JUDD COOK

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • THOMAS MORGAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • STEVE STARKS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • GARY COKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DIRK BURTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MIKE CALDWELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • NATE CALLISTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • CARINE CLARK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DANIEL HEMMERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ALAN MATHESON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MATT HIRST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ERIN MENDENHALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ROB MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • BRYAN NIELSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • J STEVEN PRICE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • BOB STEVENSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • TARA THUE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LARRY JENSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • RYAN MEYER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ARI BRUENING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • TROY WALKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • CHRISTIAN GARDNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • CHRISTY ALTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • TAYLOR RANDALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DENEECE HUFTALIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JENNY WILSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • SHELLEY KIMBERLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JAMES JACKSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ABBY OSBORNE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • STUART ADAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • NOELLE COCKETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DAVE WOOLSTENHULME

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JANICE CO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • GAGE FROERER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • BEN HART

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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.

Provenance

Return type
form_990
Tax year
2022
Filed
1 February 2024
IRS schema version
2022v5.0
Source object
202420469349302347

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