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Nonprofit · EIN 47-2584227

UGF INSTITUTE INC

Tax-exempt · SALT LAKE CTY, UT 84111

Financials

$158K$285K2023$133K$153K2024
Revenue Expenses · by fiscal year end
Financials of UGF INSTITUTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$132,919$152,609-$19,690$14,325$150,464-$136,139
December 31, 2023990$158,426$284,977-$126,551$33,731$150,180-$116,449
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$132,919
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$60,308
Other salaries and wages
$588
Salaries, compensation and benefits (total)
$588
Professional fundraising fees
$0
Accounting fees
$6,945
Occupancy
$46,474
Travel
$29,221
Program services (functional)
$60,778
Management and general (functional)
$91,772
Fundraising (functional)
$59

Balance sheet and other

Total assets, start of year
$33,731
Total assets, end of year
$14,325
Total liabilities, end of year
$150,464
Net assets, end of year
-$136,139
Net assets without donor restrictions
-$136,139
Gross receipts
$132,919
Employees
0
Volunteers
65
Year formed
2014
State of legal domicile
UT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JAN BERGESONCHAIR
Trustee or director, Officer
1$0
TOM STRINGHAMPRESIDENT
Trustee or director, Officer
5$0
BERT ROBERTSBOARD MEMBER
Trustee or director
1$0
CHRISTIE PALMERBOARD MEMBER
Trustee or director
1$0
FRANKLIN MCLARTYBOARD MEMBER
Trustee or director
1$0
MANISHA SAHAIBOARD MEMBER
Trustee or director
1$0
PAUL FJELDSTEDBOARD MEMBER
Trustee or director
1$0
SCOTT PICKETTBOARD MEMBER
Trustee or director
1$0
TED ROTHBOARD MEMBER
Trustee or director
1$0
PETER HARRISSECRETARY
Officer
5$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
JAN BERGESONCHAIR
Trustee or director, Officer
1$0
TOM STRINGHAMPRESIDENT
Trustee or director, Officer
5$0
BERT ROBERTSBOARD MEMBER
Trustee or director
1$0
CHRISTIE PALMERBOARD MEMBER
Trustee or director
1$0
FRANKLIN MCLARTYBOARD MEMBER
Trustee or director
1$0
MANISHA SAHAIBOARD MEMBER
Trustee or director
1$0
PAUL FJELDSTEDBOARD MEMBER
Trustee or director
1$0
SCOTT PICKETTBOARD MEMBER
Trustee or director
1$0
TED ROTHBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
299 S MAIN ST STE 357, SALT LAKE CTY, UT 84111-2362
In care of
% TOM STRINGHAM
Mailing address (990-N for 2019)
299 South Main St Ste 357, Salt Lake City UT 84111
Principal officer (990 for 2024)
TOM STRINGHAM, 299 South Main Street Suite 357, Salt Lake City, UT 84111
Principal officer (990-N for 2019)
TOM STRINGHAM, 299 South Main St Ste 357, Salt Lake City UT 84111
Signed the 990
TOM STRINGHAM, PRESIDENT
Phone
(801) 531-9100
Return prepared by
Forvis Mazars LLP

Mission

THE UGF INSTITUTE PROVIDES AN UNPARALLELED, HANDS-ON VENTURE CAPITAL AND PRIVATE EQUITY EDUCATIONAL EXPERIENCE. THE PRIMARY ACTIVITY OF THE INSTITUTE IS GIVING UNIVERSITY STUDENTS THE OPPORTUNITY TO INTERACT DIRECTLY WITH ENTREPRENEURS AND OTHER INVESTORS AS THEY PERFORM DUE DILIGENCE AND PLAY A KEY ROLE IN THE INVESTMENT DECISION MAKING PROCESS. BY GIVING THESE STUDENTS THE ABILITY TO PLAY A KEY ROLE IN MAKING ACTUAL INVESTMENT DECISIONS, STUDENTS ARE ABLE TO LEARN ENTREPRENEURSHIP AND INVESTING AT A MUCH DEEPER LEVEL THAN WHAT CAN BE ACHIEVED IN A CLASSROOM. THE MAJORITY OF COMPANIES SUPPORTED BY THE INSTITUTE CREATE, OR SUPPORT, JOBS FOR LOW TO MODERATE INCOME INDIVIDUALS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE UGF INSTITUTE PROVIDES AN OPPORTUNITY FOR STUDENTS TO GAIN EXPERIENCE IN A BROAD RANGE OF BUSINESS PRACTICES WHILE PROVIDING VALUE-ADDED SERVICES TO A VARIETY OF BUSINESSES, INCLUDING THE FIRMS WITH WHICH THE FUND CO-INVESTS AND THE PORTFOLIO COMPANIES IN WHICH THE FUND INVESTS. STUDENTS GAIN A HANDS-ON EDUCATION IN CORPORATE FINANCE AND BUSINESS OPERATIONS. THEY ALSO DEVELOP A GREATER AWARENESS AND APPRECIATION OF THE IMPORTANCE OF PROMOTING ECONOMIC DEVELOPMENT AND COMMUNITY WELFARE THROUGH INVESTING IN SMALL BUSINESSES. THE INSTITUTE ALSO PROVIDES SCHOLARSHIPS AND OTHER EXPERIENTIAL LEARNING OPPORTUNITIES TO SUPPORT STUDENTS PARTICIPATING IN THE PROGRAM.
    Expenses $60,778 · grants $60,308

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-EZ for UGF INSTITUTE INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
47-2584227
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$14,325
Income (IRS master file)
$132,919

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$132,919$152,609$14,325XML
990December 2023$158,426$284,977$33,731XML
990December 2022$184,095$329,009$56,484IRS
990December 2021–––IRS
990-EZDecember 2020–––IRS
990-N for 2019
Officer: TOM STRINGHAM
December 31, 2019≤ $50,000 receipts––e-Postcard
990-N for 2018
Officer: TOM STRINGHAM
December 31, 2018≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-2584227).

Questions about UGF INSTITUTE INC

What is the EIN of UGF INSTITUTE INC?
The employer identification number (EIN) of UGF INSTITUTE INC is 47-2584227.
Is UGF INSTITUTE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to UGF INSTITUTE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does UGF INSTITUTE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of UGF INSTITUTE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UGF INSTITUTE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of UGF INSTITUTE INC?
The 990 for the year ended December 31, 2024 names TOM STRINGHAM.
Who are the officers and directors of UGF INSTITUTE INC?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does UGF INSTITUTE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $132,919, expenses of $152,609 and total assets of $14,325 at year end.

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