2024-02-12T12:25:55-05:00 2023-06-30 870516083 LARSON & COMPANY PC 11240 S RIVER HEIGHTS DR SUITE 300 SOUTH JORDAN UT 840955123 990 2022-07-01 862359494 ECONOMIC DEVELOPMENT CORPORATION OF UTAH FOUNDATION ECON 8013288824 201 S MAIN STREET STE 425 SALT LAKE CITY UT 84111 SCOTT CUTHBERTSON BOARD MEMBER 8013288824 2024-02-01 true SCOTT CUTHBERTSON 999009999 false RICHARD SCORESBY CPA P00573067 8013131900 2024-02-01 2022 2023-04-26 12:10:37Z SCOTT CUTHBERTSON 201 S MAIN ST SUITE 450 SALT LAKE CITY UT 84111 465280 false X X 2021 UT TO SERVE AS A CATALYST FOR QUALITY JOB GROWTH AND INCREASED CAPITAL INVESTMENT IN THE STATE. 3 3 2 5 0 180000 465280 0 0 0 180000 465280 144401 0 121305 178701 0 5712 75455 174997 196760 498099 -16760 -32819 55000 20413 2669 901 52331 19512 TO SERVE AS A CATALYST FOR QUALITY JOB GROWTH AND INCREASED CAPITAL INVESTMENT IN THE STATE. false false 449212 144401 THE CENTER FOR ECONOMIC OPPORTUNITY AND BELONGING SERVES AS THE PRIVATE SECTOR COMMITMENT TO WORK ALONGSIDE GOVERNMENT AND COMMUNITIES OF COLOR TO ADVANCE THE PRINCIPLES OUTLINED IN THE UTAH COMPACT ON RACIAL EQUITY, DIVERSITY, AND INCLUSION. THE CENTER FOCUSES ON ADVANCING ECONOMIC EQUITY AND STRENGTHENING COMMUNITY COHESIVENESS BY FOSTERING AN ENVIRONMENT OF BELONGING FOR ALL UTAHNS. 449212 true true false false false false false false false false false false false false false true true false false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true X 2 0 true 2 true false false false false false false false false false false false false X 3 3 false false false false false false false true false false false true true true true true false true false false UT X SCOTT CUTHBERTSON 8013288824 201 SOUTH MAIN STREET STE 425 SALT LAKE CITY UT 84111 THERESA FOXLEY BOARD MEMBER 2.00 X 0 241752 12868 ZE MIN XIAO DIRECTOR 40.00 X 92592 0 14447 SCOTT CUTHBERTSON BOARD MEMBER 1.00 X 0 0 0 TOM MORGAN BOARD MEMBER 1.00 X 0 0 0 MICHELLE SMITH BOARD MEMBER 1.00 X 0 0 0 92592 241752 27315 false true false 22500 442780 465280 465280 X 144401 144401 103579 100292 3287 58565 56706 1859 1957 1895 62 1313 1271 42 13287 12865 422 102787 102787 4442 4442 10981 10981 7672 7672 ADMIN FEE TO EDCU 43175 43175 MEMBERSHIP & SUBSCRIPTION 2500 2500 SUPPLIES 2167 2167 REPAIRS, MAINT & IMPROVEM 1273 1233 40 498099 449212 43175 5712 55000 20000 413 55000 20413 2669 901 2669 901 X 52331 19512 52331 19512 55000 20413 -32819 X false true X true false X 80000 180000 465280 725280 80000 180000 465280 725280 657134 68146 725280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 465280 465280 465280 498099 498099 498099 SCHEDULE D, PAGE 3, PART X THE FOUNDATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE ACCOUNTING FOR UNCERTAIN TAX POSITIONS TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). THE TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE TOPIC ALSO PROVIDES GUIDANCE ON RECOGNITION, DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN BY THE FOUNDATION IN THE TAX RETURNS WHICH HAVE BEEN FILED WITH THE IRS. GENERALLY, THE FOUNDATIONS TAX RETURNS REMAIN OPEN TO EXAMINATION FOR THREE YEARS FROM THE DATE OF FILING. true CENTER FOR EQUITY OPPORTUNITY AND BELONGING 650 S 500 W SUITE 159 SALT LAKE CITY UT 84101 922067566 501C3 144401 DEI INITIATIVES 1 SCHEDULE I, PAGE 1, PART I, LINE 2 THE ORGANIZATION GRANTED THESE FUNDS TO A NEW CHARITABLE ORGANIZATION THAT WILL CARRY ON THE WORK THAT WAS STARTED IN THE FOUNDATION. NO FURTHER MONITORING OF THE GRANT FUNDS IS DEEMED NECESSARY. false false false false false false false false false THERESA FOXLEY BOARD MEMBER 226510 15242 8653 4215 254620 FORM 990, PART V LINE 2A: THE ECONOMIC DEVELOPMENT CORPORATION OF UTAH (EDCU) IS ACTING AS THE PAYROLL AGENT FOR THE ORGANIZATION. THE ORGANIZATION REIMBURSES EDCU FOR THE PAYROLL EXPENSES OF THE EMPLOYEES WHO WORK FOR THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO OF EDCU AND BOARD BEFORE BEING FILED. FORM 990, PAGE 6, PART VI, LINE 12C ANNUAL DISCUSSION AND REQUEST FOR SIGNED AGREEMENTS BY BOARD AND EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF TRUSTEES MEETS AND EVALUATES THE GOALS, PERFORMANCE, AND MARKET TO DETERMINE APPROPRIATE COMPENSATION FOR THE CEO. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT AND PROFESSIONAL FEE 102,787 0 0 ECONOMIC DEVELOPMENT CORP OF UTAH ECONOMIC DEVELOPMENT OF UTAH 201 S MAIN ST STE 425 201 S MAIN ST STE 425 SALT LAKE CITY UT 84111 742502619 ECON DEV UT 501C3 7 NA false false false false false false false false false false false false false true false true true false false false ECONOMIC DEVELOPMENT CORP OF UTAH M 43174 FAIR VALUE