UGF INSTITUTE INC Charity Report

Public IRS 990 nonprofit record

UGF INSTITUTE INC

EIN 47-2584227 · Scholarships & Student Financial Aid (B82)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $39.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders10 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

45.73%of revenue went to mission work39.8% of expenses · Program services

0.04%of revenue went to fundraising0.0% of expenses

$114.81spent for every $100 of revenueSpending was higher than revenue this year.

69.04%of revenue went to management and office costs60.1% of expenses

$0.09in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $19,690 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$132,919

Mission workProgram services$60,77845.73% of revenue39.8% of expenses

ManagementOffice and general costs$91,77269.04% of revenue60.1% of expenses

FundraisingAsking for donations$590.04% of revenue0.0% of expenses

Total expenses$152,609114.81% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 39.8% mission · 60.1% management · 0.0% fundraisingTotal expenses: 114.81% of revenue

2023Expense mix: 0.0% mission · 36.9% management · 3.3% fundraisingTotal expenses: 179.88% of revenue

2022Expense mix: 52.9% mission · 43.3% management · 3.8% fundraisingTotal expenses: 178.72% of revenue

2021Expense mix: 45.4% mission · 47.1% management · 7.4% fundraisingTotal expenses: 69.27% of revenue

2020Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 78.53% of revenue

Money in and money out

Revenue$132,919

Expenses$152,609

Annual shortfall $19,690 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$60,778 · 39.8% of expenses

Management and office costs$91,772 · 60.1% of expenses

Fundraising$59 · 0.0% of expenses

See all reported dollar amounts

Revenue$132,919

Expenses$152,609

Assets$14,325

Income$132,919

Contributions$132,919

Mission work (program services)$60,778

Fundraising$59

Management and general$91,772

Accounting fees$6,945

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (10)

BERT ROBERTSBOARD MEMBER

CHRISTIE PALMERBOARD MEMBER

FRANKLIN MCLARTYBOARD MEMBER

JAN BERGESONCHAIR

MANISHA SAHAIBOARD MEMBER

PAUL FJELDSTEDBOARD MEMBER

PETER HARRISSECRETARY

SCOTT PICKETTBOARD MEMBER

TED ROTHBOARD MEMBER

TOM STRINGHAMPRESIDENT

About this charity

Recognized since: January 2016
Location: 299 South Main Street Suite 357, Salt Lake City, UT 84111
County: Salt Lake
In care of: TOM STRINGHAM
Primary officer: TOM STRINGHAM, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailinfo@ugrowthfund.com Phone(801) 531-9100 Officer phone(801) 410-5411

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid