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Ugf Institute Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 472584227 ✦ Salt lake city, UT ✦ Designated as a 501(c)(3)

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Overview

What is Ugf Institute Inc?

Ugf Institute Inc, based in Salt Lake City, Utah, is a nonprofit organization that offers a unique educational experience to students. Its primary mission is to provide a hands-on venture capital and private equity education, enabling students to work directly with entrepreneurs and investors during the investment decision-making process. This experiential learning opportunity allows students to gain a deep understanding of entrepreneurship and investing, going beyond what can be achieved in a classroom setting. The Ugf Institute also offers scholarships and supports companies that create or support jobs for low to moderate income individuals, contributing to economic development and community welfare.


Official website here: www.ugrowthfund.com/

Is Ugf Institute Inc legitimate?

Ugf Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ugf Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $121,114

For more financial information, click here


Official website here: www.ugrowthfund.com/

What is the mission statement of Ugf Institute Inc?

The Ugf Institute Inc offers a unique educational experience in venture capital and private equity, providing university students with an opportunity to engage directly with entrepreneurs and investors during the due diligence process and play a significant role in investment decision-making. This hands-on approach allows students to gain a deeper understanding of entrepreneurship and investing than what can be achieved in a classroom setting. The majority of companies supported by the institute contribute to the creation or maintenance of jobs for individuals with lower to moderate incomes.


Official website here: www.ugrowthfund.com/

Who is the CEO of Ugf Institute Inc?

Tom Stringham is the Principal of Ugf Institute Inc.


Official website here: www.ugrowthfund.com/

What is the revenue of Ugf Institute Inc?

Ugf Institute Inc's revenue in 2022 was $184,095.


Official website here: www.ugrowthfund.com/

Who are the executives of Ugf Institute Inc and what are their salaries?

The average compensation at Ugf Institute Inc during 2022 was $121,114. There is 1 employee and 63 volunteers at Ugf Institute Inc.


Here are 10 key members and their salaries:


Rakesh Nankani (Principal)
  • Compensation: $115,000
  • Related: $0
  • Other: $3,877
Jan Bergeson (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Stringham (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bert Roberts (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Roth (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christie Palmer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manisha Sahai (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Pickett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Franklin Mclarty (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Fjeldsted (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ugrowthfund.com/

Where can I find the form 990 for Ugf Institute Inc?

Ugf Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ugrowthfund.com/

Learn more at the official website: www.ugrowthfund.com/

Mission Statement of Ugf Institute Inc

The Ugf Institute Inc is dedicated to offering an exceptional, hands-on educational experience in the realm of venture capital and private equity for university students. Their primary mission involves providing these students with the opportunity to engage directly with entrepreneurs and investors as they conduct due diligence, playing a significant role in the investment decision-making process. By allowing students to contribute to actual investment decisions, they gain a profound understanding of entrepreneurship and investing that surpasses what can be achieved in a classroom setting. The majority of companies supported by the Ugf Institute Inc contribute to, or uphold, job opportunities for low to moderate income individuals.

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Impact




October, 2024

Ugf Institute Inc significantly impacts both students and the broader business community by providing an immersive educational experience in venture capital and private equity. By enabling students to engage directly with entrepreneurs and investors, the Institute cultivates a deep understanding of corporate finance and business operations, far surpassing traditional classroom learning.

The hands-on approach allows students to participate in due diligence and contribute to investment decision-making, equipping them with essential skills for future careers in entrepreneurship and finance. This exposure not only fosters individual professional development but also enhances awareness of the critical role that small businesses play in economic development and community welfare.

Additionally, Ugf Institute Inc supports the growth of businesses that create jobs for low to moderate-income individuals, underlining its commitment to economic empowerment. Through scholarships and experiential learning opportunities, the Institute not only benefits its students but also strengthens the local economy, making a meaningful contribution to the community in Salt Lake City and beyond.




This information is meant to be a general summary of Ugf Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$184,095 (2022)
Expenses
$329,009 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $184,095

Assets and Liabilities:

  • Total Assets: $56,484
  • Total Liabilities: $46,383
  • Net Assets: $10,101

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Organization Details

Founding Year

2014

Principal Officer

Tom Stringham

Main Address

299 South Main St Ste 357, Salt Lake City, UT, 84111

NTEE Category

Code: B82 - Education

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