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Ugf Institute Inc

EIN 47-2584227 · Salt Lake Cty, UT

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak9 out of 100GovernanceWeak31 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It reported loans to or from officers, directors or other insiders.
  • It owes more than it owns.
  • Only 40% of its spending went to programs.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

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.

Income
$132,919
Spending
$152,609
Spent on programs
40%
Reserves
-10.7 months of spending
Largest source of income
donations and private grants, 100%
Employees
0
Volunteers
65

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 9 out of 100. Higher than 2% of charities in its peer group (education, under $250k).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    0 of 20

    It owes 1050% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 15% of income.

  • Income trend

    5 of 15

    Income fell 16% on the year before.

  • Spending floor

    0 of 15

    40% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 31 out of 100. Higher than 11% of charities in its peer group (education, under $250k).

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    0 of 5

    Reports that it does not keep minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • No reported misuse

    0 of 10

    Reports at least one of: diversion of assets, excess benefits, loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $60,778 spent. THE UGF INSTITUTE PROVIDES AN OPPORTUNITY FOR STUDENTS TO GAIN EXPERIENCE IN A BROAD RANGE OF BUSINESS PRACTICES WHILE PROVIDING VALUE-ADDED SERVICES TO A VARIETY OF BUSINESSES, INCLUDING THE FIRMS WITH WHICH THE FUND CO-INVESTS AND THE PORTFOLIO COMPANIES IN WHICH THE FUND INVESTS. STUDENTS GAIN A HANDS-ON EDUCATION IN CORPORATE FINANCE AND BUSINESS OPERATIONS. THEY ALSO DEVELOP A GREATER AWARENESS AND APPRECIATION OF THE IMPORTANCE OF PROMOTING ECONOMIC DEVELOPMENT AND COMMUNITY WELFARE THROUGH INVESTING IN SMALL BUSINESSES. THE INSTITUTE ALSO PROVIDES SCHOLARSHIPS AND OTHER EXPERIENTIAL LEARNING OPPORTUNITIES TO SUPPORT STUDENTS PARTICIPATING IN THE PROGRAM.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2016.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.