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Nonprofiteer
← WORLD TRADE CENTER UTAH FOUNDATION

Form 990 for tax year 2024

Filed by WORLD TRADE CENTER UTAH FOUNDATION.

Totals

Total revenue
$341,485
Total expenses
$179,054
Contributions and grants received
$304,000
Grants paid
$34,000
Program service revenue
$0
Investment income
$37,485
Other revenue
$0
Total assets, end of year
$1,078,183
Total liabilities, end of year
$14,906
Net assets or fund balances, end of year
$1,063,277
Program services expenses (Part IX)
$179,054
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$179,054

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

    $304,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $37,485 · excluded $37,485

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,000 · program services $34,000

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $108,803 · program services $108,803 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $32,501 · program services $32,501 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Education Sponsorship

    total $3,750 · program services $3,750

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $162,839 · end of year $130,454

  • 2 · Savings and temporary cash investments

    beginning of year $1,313,721 · end of year $897,729

  • 4 · Accounts receivable

    beginning of year $125,000 · end of year $50,000

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $180,672 · end of year $13,103

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $515,042 · end of year $1,803

  • 27 · Net assets without donor restrictions

    beginning of year $905,846 · end of year $1,063,277

Mission and programs · 2024

Mission

WORLD TRADE CENTER UTAH FOUNDATION ACCELERATES GROWTH FOR UTAH COMPANIES THROUGH OUR GLOBAL NETWORKS, PROGRAMS, AND SERVICES.

  • World Trade Center Utah leads Utah's international business development and elevates Utah's 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 Utah's international engagement to elevate Utah's global status.

    Expenses $179,054 · Grants $34,000

As filed on the 2024 return.

Listed in Part VII

  • Danielle Wright

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeff Flake

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jon Huntsman

    Chair Emeritus

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Miles Hansen

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Natalie Gochnour

    Co-Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Derek Miller

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Derrick Porter

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jefferson Moss

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeremy Andrus

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lew Cramer

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paul Burdiss

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Scott Anderson

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jennifer Nakao

    CFO

    Total calculated
    $185,852
    From this org
    $0
    From related orgs
    $160,389
    Other
    $25,463
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,389 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $6,746 related
    Nontaxable benefits
    $0 + $18,717 related
    Filer's total
    $0 + $185,852 related

  • Jonathan Freedman

    CEO

    Total calculated
    $271,720
    From this org
    $0
    From related orgs
    $242,967
    Other
    $28,753
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,467 related
    Bonus
    $0 + $20,500 related
    Other
    $0
    Deferred
    $0 + $9,936 related
    Nontaxable benefits
    $0 + $18,817 related
    Filer's total
    $0 + $271,720 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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.1
Source object
202543189349316154

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