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.
Key facts about Utah Small Business Loan Fund
- EIN
- 87-0678829
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $4,008,508
Data from IRS Form 990-PF, 2025; updated October 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$4.0M
+1.8% YoY
Revenue
$279K
+8.2% YoY
Qualifying Distributions
$905K
+114.4% YoY
Expenses
$241K
-19.7% YoY
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.
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Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,008,508 | $3,937,529 | $4,018,898 |
| Revenue | $278,833 | $257,672 | $243,145 |
| Expenses | $241,457 | $300,548 | $215,106 |
| Qualifying Distributions | $905,000 | $422,102 | $961,428 |
| Net Investment Income | — | — | $371 |
| Distributable Amount | $835,224 | $610,089 | $513,951 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 2, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 30, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 31, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 24, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 20, 2026)
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
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.
Here's the math on researching Utah Small Business Loan Fund by hand.
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