Public Charity

UTAH MICROENTERPRISE LOAN FUND

UTAH MICROENTERPRISE LOAN FUND is a Public Charity headquartered in SALT LAKE CITY, UT. Financial data from the 2024 filing: $550K revenue, $1.1M expenses, $2.7M total assets. 5 publicly reported grants to this organization, totaling roughly $155K, appear in IRS filings.

EIN: 870495534 SALT LAKE CITY, UT Latest filing: 2024
Total Revenue$550K
Total Expenses$1.1M
Total Assets$2.7M
Grant Records5
Funding Total$155K
Filing Years2020–2024

Mission

PROVIDE FUNDING AND MANAGEMENT ASSISTANCE TO NEW AND EXISTING BUSINESSES THAT ARE NOT ABLE TO ACCESS TRADITIONAL SOURCES OF FUNDING; INCLUDING THOSE WHO ARE MEMBERS OF THE LOW/MODERATE INCOME COMMUNITY.

Officers & Directors

BOARD MEMBER Beth Colosimo
BOARD MEMBER Caryl Eriksson
BOARD MEMBER David Young
BOARD MEMBER Don Poulton
Executive Dir. Doug Keefe
Treasurer Eric Marx

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL
$95,000 1 grant
SEE PART IV
$30,000 1 grant
OPERATIONS
$20,000 2 grants
GENERAL SUPPORT
$9,866 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $550K $1.1M $2.7M
2023 $548K $1.1M $4.0M
2022 $785K $957K $4.8M
2021 $701K $923K $5.4M
2020 $724K $1.0M $6.2M

Between 2020 and 2024, reported annual revenue declined from $724K to $550K (-24%), with total assets most recently reported at $2.7M.

Interactive year-over-year charts and full filing details available with membership.

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