ECONOMIC DEVELOPMENT CORP OF UTAH

SALT LAKE CITY, UT | Salt Lake County
Economic Development
ECONOMIC DEVELOPMENT CORP OF UTAH
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

ECONOMIC DEVELOPMENT CORP OF UTAH
74-2502619
510 S 200 W
SALT LAKE CITY, UT 84101
Salt Lake County
(800) 574-8824

admin@edcutah.org
Mission Statement info

A PRIVATE, NON-PROFIT ORGANIZATION FOUNDED IN 1987, THE ECONOMIC DEVELOPMENT CORPORATION OF UTAH (EDCUTAH) IS A CATALYST FOR QUALITY JOB GROWTH AND INCREASED CAPITAL INVESTMENT IN THE STATE.

CRA Category info
  • Economic Development
Nonprofit location info
  • Opportunity Zone
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
1987
Total Employees info
18
Total Volunteers info
20
Nonprofit Classification (NTEE Code) info
S41

S - Community Improvement, Capacity Building

Chambers of Commerce & Business Leagues

Organizations like chambers of commerce, business leagues and commercial trade associations whose members are businessmen and women and merchants who have affiliated for the purpose of promoting the general commercial interests of the community or the interests of their own trade. \[Many of these are found in section 501(c)(6) business leagues; and 501(c)(6) chambers of commerce.\]

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813910
Business Associations
Targeted Clients info
  • General Public
CRA Income Characteristics info
    This nonprofit has claimed its profile but has not yet provided this information.

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Programs & Services info
General
EDCUtah is a statewide economic development organization (EDO) specializing in corporate recruitment, economic research, site selector marketing, and community development. A partner of the Governor’s Office of Economic Opportunity (Go Utah) for corporate recruitment, EDCUtah is supported by state government, local governments, and organizations from the private sector.
Targeted Clients info
  • General Public
CRA Income Characteristics info

    Not reported

Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$3.2M
Revenue
$3.1M
Assets
$3.7M

IRS Business Master File Details info

As of March 2024
Exempt Ruling Date info
2016-05
Deductibility Status info
Not Deductible
Last Tax Filing info
2022
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
All organizations except 501(c)(3)

IRS Publication 78 Details info

As of March 2024
Verified in Publication 78 info
No
Deductibility Limitation info
Not reported
Organization Description info
Not reported

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2022-06
E-File
990
XML
990
Tax period ending in
2021-06
E-File
990
XML
990
Tax period ending in
2020-06
E-File
990
XML
990
Tax period ending in
2019-06
PDF
990
E-File
990
XML
990
Tax period ending in
2018-06
PDF
990
E-File
990
XML
990
Tax period ending in
2017-06
PDF
990
E-File
990
XML
990
Tax period ending in
2016-06
PDF
990

Nonprofit Location

Physical Address info
510 S 200 W
SALT LAKE CITY, UT 84101
Salt Lake County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
41620
MSA/MD info
49
State info
035
County info
1140.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
41620 - Salt Lake City, UT
Combined Statistical Area info
482 - Salt Lake City-Provo-Orem, UT
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 32.07%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info
  • UT - All Counties

Market Data

Census Tract County
1140.00 Salt Lake County
Population
Total Population 4,344 1,180,643
Total Households 1,656 407,673
Income
Median Family Income (Census*) $94,375 $90,011
Median Family Income (2023 FFIEC est.) $106,300 $106,300
Tract Income Percentage 104.44% N/A
Below Poverty Level 11.1% 8.1%
Unemployment Level 5.5% 3.6%
Housing
Total Housing Units 2,100 430,705
Total Owner-Occupied Units 29.9% 67.1%
Total Renter-Occupied Units 49.0% 32.9%
Total Vacant Units 21.1% 6.4%
* Census tract income based on 2020 American Community Survey data as reported in the 2023 FFIEC Census Flat File; County income based on 2022 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

35
Total Voting Members
in Governing Body info
35
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Gary Hoogeveen
(801) 328-8824
Principal Officer info
Theresa Foxley
findCRA Profile Owner
Jill Kirsling
Chief Financial Officer
jkirsling@edcutah.org
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-06.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.