UTAH MICROENTERPRISE LOAN FUND

SALT LAKE CITY, UT | Salt Lake County
Economic Development
UTAH MICROENTERPRISE LOAN FUND
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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

UTAH MICROENTERPRISE LOAN FUND
87-0495534
154 EAST FORD AVENUE
SALT LAKE CITY, UT 84115
Salt Lake County
(801) 746-1180

dkeefe@umlf.org
Mission Statement info

WE ARE A NONPROFIT ORGANIZATION EMPOWERING UNDERSERVED COMMUNITIES IN UTAH BY PROVIDING BUSINESS TRAINING AND FUNDING TO ENTREPRENEURS IN STARTUP AND EXISTING BUSINESSES THAT DO NOT QUALIFY FOR TRADITIONAL FUNDING SOURCES

CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • CDFI Organization
Founded info
1991
Total Employees info
7
Total Volunteers info
30
Nonprofit Classification (NTEE Code) info
W60

W - Public, Society Benefit

Financial Institutions

Organizations that provide an alternative to the traditional banking system for people who want to maintain checking or savings accounts, purchase money orders, cash third-party checks or engage in other financial transactions.

IRS Activity Codes info
562
Other loans to individuals
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
522000
Credit Intermediation and Related Activities
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • Men
  • Minority-Owned Businesses
  • Native Americans
  • Nonprofits
  • Small Businesses
  • Underbanked or Unbanked
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
75%
Percent LMI Served info
as reported by the nonprofit
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
Utah Microenterprise Loan Fund
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • Minority-Owned Businesses
  • Nonprofits
  • Small Businesses
  • Underbanked or Unbanked
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
Not reported
Native American CDFI info
N
Financial Institution Type info
Loan Fund
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
$784.9K
Revenue
$784.9K
Assets
$4.8M

IRS Business Master File Details info

As of March 2024
Exempt Ruling Date info
1992-09
Deductibility Status info
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
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of March 2024
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2022-09
E-File
990
XML
990
Tax period ending in
2021-09
E-File
990
XML
990
Tax period ending in
2020-09
E-File
990
XML
990
Tax period ending in
2019-09
PDF
990
E-File
990
XML
990
Tax period ending in
2018-09
PDF
990
E-File
990
XML
990
Tax period ending in
2017-09
PDF
990
E-File
990
XML
990
Tax period ending in
2016-09
E-File
990
XML
990

Nonprofit Location

Physical Address info
154 EAST FORD AVENUE
SALT LAKE CITY, UT 84115
Salt Lake County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
41620
MSA/MD info
49
State info
035
County info
1117.01
Tract info
Low
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 54.68%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info
  • UT - All Counties

Market Data

Census Tract County
1117.01 Salt Lake County
Population
Total Population 5,452 1,180,643
Total Households 2,019 407,673
Income
Median Family Income (Census*) $41,356 $90,011
Median Family Income (2023 FFIEC est.) $106,300 $106,300
Tract Income Percentage 45.76% N/A
Below Poverty Level 27.5% 8.1%
Unemployment Level 5.9% 3.6%
Housing
Total Housing Units 2,215 430,705
Total Owner-Occupied Units 30.6% 67.1%
Total Renter-Occupied Units 60.6% 32.9%
Total Vacant Units 8.8% 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

19
Total Voting Members
in Governing Body info
19
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Doug Keefe
Principal Officer info
Doug Keefe
findCRA Profile Owner
Douglas Keefe
President & CEO, Executive Director
dkeefe@umlf.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 2022-09.

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.