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Mountain West Capital Network

Not tax-deductible

Salt Lake Cty, UT501(c)(6)Since 1983EIN 87-0541417Revenue $724K in FY2025

On file with the IRSmwcn.org15 W South Temple Ste 1500, 84101-1517 · Salt Lake Cty, UTTax-exempt since Jun 1998

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As the original independent business networking group in utah, we aim to celebrate and recognize achievements in the business community to foster ongoing success; educate, enlighten and provide expertise to business owners, investors and service providers; and facilitate strong business relationships for our members.

100¢ of each $1 spent went to programs.
$227K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $46K a year · 9% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$227K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$547K
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$724K
+23% vs prior year
Spent
$712K
To programs
100%
Net assets
$768K
By yearFY2020–FY2025
Revenue
$724K
FY2025▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$307K
FY2021$403K
FY2022$480K
FY2023$577K
FY2024$586K
FY2025$724K
Expenses
$712K
FY2025▲ +42%
Tap a bar for its year
Expenses by fiscal year
FY2020$296K
FY2021$377K
FY2022$433K
FY2023$483K
FY2024$502K
FY2025$712K
Net assets
$768K
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$505K
FY2021$531K
FY2022$578K
FY2023$672K
FY2024$756K
FY2025$768K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $712K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

45 people listed on the 990; $227K paid to officers and key staff.

Part VII, Section A · reportable compensation
Cheri M Waldron
Executive Director
$161,402Pt VII · Sec A
Katie Brown
Business Operations Specialist
$65,625Pt VII · Sec A
Paul Skeen
Vice-Chairman/Treasurer
$0Pt VII · Sec A
Ryan Dent
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kevin Jessop
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Cheri M Waldron$161,402$115,020$113,890$103,981$97,376$84,824
Katie Brown$65,625—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Mountain West Capital Network executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps Utah businesses grow and improve their conditions.

Questions for Mountain West Capital Network

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Provided by the organization

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3 programs · $318K · in their own filed words · FY2025
01

The utah 100 award event is the first and best of its kind. We recognize utah's 15 largest revenue companies, 100 fastest growing, and a select list of newer, emerging elite companies. This is mountainwest capital network's flagship event, with over 1,000 business leaders in ATTENDANCE.THE top 15 annual revenue companies are ranked…

$197Kprogram expense
02

The MWCN entrepreneur of the year is an annual award luncheon that recognizes a utah entrepreneur who has built a thriving utah-based company. The annual event is designed to inspire others to participate in the risks and rewards of entrepreneurship and provides the entrepreneur honored an opportunity to give back to the community by…

$83Kprogram expense
03

As utah's first and largest business networking organization MWCN fulfills its exempt purpose by fostering the dynamic flow of information about capital formation and distribution, educating and mentoring excellence, and recognizing and rewarding performance. These activities we accomplished through events such as the golf tournament.

$38Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$724K
Ln 12
Fees for servicesLn 2g$692K
Investment incomeLn 3$31K
Money outPt IX
$712K
Ln 25
Programscol B$712K
Owns and owesPt X
$768K
net assets · Ln 32
Cash and savingsLn 1–2$931K
Total assetsLn 16$1.3M
LiabilitiesLn 26$547K
PeoplePt VI, VII
45
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$692K
Investment incomeLn 3$31K
Total revenueLn 12$724K
Assets in detailPt X, end of year
CashLn 1$931K
Cash and savings togetherLn 1–2$931K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.3M
LiabilitiesLn 26$547K
Net assetsLn 32$768K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$913K$931K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$478K$547K
Net assetsLn 32$756K$768K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$230K
Payroll taxesLn 10$18K
Advertising and promotionLn 12$80K
Office expensesLn 13$8K
Information technologyLn 14$30K
Conferences, conventions and meetingsLn 19$270K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$64K
All other expensesLn 24e$8K
Total functional expensesLn 25$712K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $724K$712K$12K$768K 990 PDF
FY2024 $586K$502K$84K$756K 990 PDF
FY2023 $577K$483K$94K$672K 990 PDF
FY2022 $480K$433K$47K$578K 990 PDF
FY2021 $403K$377K$26K$531K 990 PDF
FY2020 $307K$296K$11K$505K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $723,512 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $547,270$692,228
I-10 Investment incomePrior year $38,983$31,284
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $586,253$723,512
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $127,381$248,114
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $374,544$463,492
I-18 Total expensesPrior year $501,925$711,606
I-19 Revenue less expensesPrior year $84,328$11,906
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $723,512 across 3 lines filed
Lines not itemized here account for $1,810 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $690,418$690,418
VIII-3 Investment incomeUnrelated business $31,284$31,284
VIII-12 Total revenueRelated to mission $692,228 · Unrelated business $31,284 · Excluded from tax $0$723,512
Part IX · Statement of functional expenses $711,606 across 9 lines filed
IX-5 Pay of current officers, directors and key staff$230,168
IX-10 Payroll taxes$17,946
IX-12 Advertising and promotion$79,966
IX-13 Office expenses$8,460
IX-14 Information technology$29,949
IX-19 Conferences, conventions and meetings$269,617
IX-23 Insurance$3,285
IX-24 Other expenses (24a–d)$63,807
IX-24e All other expenses$8,408
IX-25 Total functional expenses$711,606
Part X · Balance sheet $1,315,278 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $912,781$930,587
X-4 Accounts receivableStart of year $303,860$327,500
X-9 Prepaid expenses and deferred chargesStart of year $17,912$57,191
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $1,234,553$1,315,278
X-17 Accounts payable and accrued expensesStart of year $217$50,538
X-19 Deferred revenueStart of year $466,538$479,901
X-25 Other liabilitiesStart of year $11,627$16,762
X-26 Total liabilitiesStart of year $478,382$547,201
X-32 Total net assets or fund balancesStart of year $756,171$768,077
X-33 Total liabilities and net assetsStart of year $1,234,553$1,315,278
Part XI · Reconciliation of net assets $768,077 net assets at year end
XI-1 Total revenue$723,512
XI-2 Total expenses$711,606
XI-3 Revenue less expenses$11,906
XI-4 Net assets at start of year$756,171
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$768,077

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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