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Utah Capital Investment Corporation

EIN 75-3146492 · Lehi, UT

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

LegitimacyPassesRegistration and standingFinancial healthGood82 out of 100GovernanceFair66 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROVIDE ECONOMIC STIMULUS FOR UTAH BUSINESSES BY ORGANIZING AND ACTING AS THE MANAGING MEMBER OF THE UTAH FUND OF FUNDS, LLC (EIN: 11-3775457). THE FUND IS A STATE OF UTAH ECONOMIC DEVELOPMENT PROGRAM AIMED AT PROVIDING ACCESS TO ALTERNATIVE OR NON-TRADITIONAL CAPITAL TO UTAH ENTERPRENEURS.

Income
$2.1 million
Spending
$4.0 million
Spent on programs
97%
Reserves
104.5 months of spending
Largest source of income
investment income, 95%
Employees
0
Volunteers
5

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

Good: 82 out of 100. Higher than 63% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 104.5 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 91% of income.

  • Spending floor

    15 of 15

    97% of spending went to programs.

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

Governance

Fair: 66 out of 100. Higher than 17% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    18 of 25

    3 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a 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

    5 of 5

    Keeps 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.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or 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. $3.9 million spent. UTAH CAPITAL INVESTMENT CORP WAS ESTABLISHED FOR THE MANAGEMENT OF THE UTAH FUND OF FUNDS, LLC (EIN: 11-3775457).UFOF IS A LIMITED LIABILITY COMPANY ORGANIZED UNDER THE LAWS OF THE STATE OF UTAH. UFOF COMMENCED OPERATIONS ON MARCH 16, 2006. UFOF IS A STATE OF UTAH ECONOMIC DEVELOPMENT PROGRAM AIMED AT PROVIDING ACCESS TO ALTERNATIVE OR NON-TRADITIONAL CAPITAL BY UTAH ENTREPRENEURS. IT DOES NOT INVEST MONEY INTO ANY COMPANY OR INDIVIDUAL BUT RATHER INVESTS IN VENTURE CAPITAL AND PRIVATE EQUITY FUNDS THAT COMMIT TO ESTABLISHING A WORKING RELATIONSHIP WITH THE FUND AND WITH UTAH'S START-UP AND BUSINESS COMMUNITY, AND MAKING INVESTMENTS IN QUALIFIED COMPANIES. UFOF INVESTS IN VENTURE CAPITAL AND PRIVATE EQUITY FUNDS LOCATED BOTH IN UTAH AND OUTSIDE OF UTAH. AS OF DECEMBER 31, 2024 UFOF'S PORTFOLIO OF FUNDS HAD 27 INVESTMENTS.

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 January 2006.

    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.