Economic Development Corporation Of Utah Foundation

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

EIN: 862359494 ✦ Salt lake city, UT ✦ Designated as a 501(c)(3)

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Overview

What is Economic Development Corporation Of Utah Foundation?

The Economic Development Corporation of Utah Foundation is a nonprofit organization that functions as a catalyst for fostering high-quality job growth and attracting increased investment in Utah. Situated in Salt Lake City, this organization is spearheaded by the Center for Economic Opportunity and Belonging. The Center's primary role is to rally the private sector's support in upholding the Utah Compact's principles, focusing on racial equity, diversity, and inclusion. By collaborating with government entities and communities of color, the Center strives to enhance economic opportunities and foster a sense of belonging within the state.

Is Economic Development Corporation Of Utah Foundation legitimate?

Economic Development Corporation Of Utah Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Development Corporation Of Utah Foundation submitted a form 990EZ, 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.

What is the mission statement of Economic Development Corporation Of Utah Foundation?

The Economic Development Corporation of Utah Foundation's mission is to stimulate the creation of high-quality job opportunities and attract increased capital investment within the state. The Center for Economic Opportunity and Belonging, an initiative by the foundation, works in collaboration with the government and communities of color to promote racial equity, diversity, and inclusion, with a focus on fostering economic opportunity and belonging across Utah.

Who is the CEO of Economic Development Corporation Of Utah Foundation?

Unavailable

What is the revenue of Economic Development Corporation Of Utah Foundation?

Economic Development Corporation Of Utah Foundation's revenue in 2022 was $180,000.

Who are the executives of Economic Development Corporation Of Utah Foundation and what are their salaries?


Here are 4 key members and their salaries:


Theresa Foxley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Morgan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ze Min Xiao (Director)
  • Compensation: $50,037
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Economic Development Corporation Of Utah Foundation?

Economic Development Corporation Of Utah Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Economic Development Corporation Of Utah Foundation

The Economic Development Corporation of Utah Foundation, in its mission, acts as a driving force for the creation of high-quality job opportunities and increased capital investment within the state. The organization is spearheaded by the Center for Economic Opportunity and Belonging, situated in Salt Lake City, Utah. This center aims to foster racial equity, diversity, and inclusion in the private sector, collaborating with government bodies and communities of color. Its primary focus is on promoting economic opportunities and a sense of belonging across the state.

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Impact




October, 2024

The Economic Development Corporation of Utah Foundation plays a crucial role in fostering quality job growth and enhancing capital investment across Utah. By focusing on economic development, it acts as a catalyst for creating sustainable opportunities that benefit the local economy.

A significant aspect of its impact is the establishment of the Center for Economic Opportunity and Belonging in Salt Lake City. This center leads the private sector's efforts to promote the principles of racial equity, diversity, and inclusion as outlined in the Utah Compact. By collaborating with government entities and communities of color, the foundation works to ensure that economic opportunities are accessible to all, thereby driving community improvement and social equity.

Through its initiatives, the Economic Development Corporation of Utah Foundation not only stimulates economic growth but also strengthens the social fabric of the state, creating a more inclusive environment for all residents.




This information is meant to be a general summary of Economic Development Corporation Of Utah Foundation. 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
$180,000 (2022)
Expenses
$196,760 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $180,000

Assets and Liabilities:

  • Total Assets: $55,000
  • Total Liabilities: $2,669
  • Net Assets: $52,331

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Organization Details

Main Address

201 S MAIN STREET STE 425, SALT LAKE CITY, UT, 84111

NTEE Category

Code: S30 - Community improvement

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