Utah Small Business Loan Fund

Private foundation Millcreek, UT EIN: 87-0678829

Utah Small Business Loan Fund is a private foundation focused on Employment, based in Millcreek, UT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.0M in total assets. In 2025, it made $905K in qualifying distributions.

Utah Small Business Loan Fund at a glance

Total assets
$4,008,508
+1.8% vs 2024
Revenue (2025)
$278,833
+8.2% vs 2024
Qualifying distributions (2025)
$905,000
+114.4% vs 2024
Expenses (2025)
$241,457
-19.7% vs 2024
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated October 2026.

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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesQualifying DistributionsNet Investment IncomeDistributable Amount
2025$4,008,508$278,833$241,457$905,000—$835,224
2024$3,937,529$257,672$300,548$422,102—$610,089
2023$4,018,898$243,145$215,106$961,428$371$513,951
2022$4,056,953$946,254$193,421$2,368,449$178$695,371
2021$3,381,453$1,064,218$181,123$984,000—$842,764
2020$2,627,721$107,779$205,036——$713,694

Under IRS private-foundation payout rules, Utah Small Business Loan Fund reported a distributable amount of $835K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Utah Small Business Loan Fund is led by Steve Suite, Executive Director since 2023 (on filings since 2020); all 5 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Steve Suite

    Executive Director

    Executive Di → Executive Director, 2023

    On filings since 2020

    $1K (2020) → $50K (2025)

  • Ron H Richins

    Board Chairman & Director

    Chairman → Board Chairman, 2022

    Board Chairman → Board Chairman & Director, 2025

    On filings since 2020

    $2K (2020) → $2K (2025)

  • Cindy Hall

    Board Member & Director

    Secretary → Board Member, 2022

    Board Member → Board Member & Director, 2025

    On filings since 2020

    $2K (2020) → $2K (2025)

  • Daniel Garth Mangum

    Board Member & Director

    New on the 2025 filing

    $2K (2025)

  • Steve Grizzell

    Board Member

    Trustee → Board Member, 2022

    On filings since 2020

    $2K (2020) → $2K (2025)

Former officers (1)
  • Former: Detlef Galke (2020–2024) — Board Member

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Steve Suite — Executive Director: $50KSteve SuiteExecutive Director$50KCindy Hall — Board member/Director: $2KCindy HallBoard member/Director$2KRon H Richins — Board Chairman/Director: $2KRon H RichinsBoard Chairman/Director$2KDaniel Garth Mangum — Board member/Director: $2KDaniel Garth MangumBoard member/Director$2KSteve Grizzell — Board member: $2KSteve GrizzellBoard member$2K

The highest reported compensation on the 2025 filing was $50K, to Steve Suite (Executive Director). 5 officers or directors reported compensation on that filing.

Frequently asked questions about Utah Small Business Loan Fund

How large is Utah Small Business Loan Fund?

Utah Small Business Loan Fund reported $4.0M in total assets on its 2025 IRS Form 990-PF. It paid out $905K in qualifying distributions that year, against a required minimum of $835K (roughly 5% of its investment assets).

What is Utah Small Business Loan Fund?

Utah Small Business Loan Fund is a private foundation focused on Employment, based in Millcreek, UT. It holds $4.0M in total assets as of 2025.

What is Utah Small Business Loan Fund's EIN?

Utah Small Business Loan Fund's EIN (Employer Identification Number) is 87-0678829. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

Data update history

(6)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS July 29, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS August 2, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS August 30, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS July 31, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS June 24, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 20, 2026)

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Utah Small Business Loan Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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