philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Mountain West Foundation FY2024 filing

Tax-deductible

Salt Lake City, UT501(c)(3)Community Development EIN 93-4821159Revenue $731K in FY2024

On file with the IRS2595 East 3000 South, 84108-0000 · Salt Lake City, UTTax-exempt since Sep 2024Publicly supported — 509(a)(2)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To sponsor economic development projects for underserved small businesses. To provide direct business education, training, and loans to qualifying small businesses.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
1 of 2
filings with a surplus
Average surplus $167K a year · 45% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 23.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$731K
Spent
$206K
To programs
100%
Net assets
$525K
By yearFY2024–FY2025
Revenue
$731K
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2024$731K
FY2025$10K
Expenses
$206K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2024$206K
FY2025$202K
Net assets
$525K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2024$525K
FY2025$333K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2024.

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% · $206K

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

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Manuel Bueno
Secretary
$0Pt VII · Sec A
Spencer Davis
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Danielle Lower
Vice Chair
$0Pt VII · Sec A
See Mountain West Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Sponsors economic development, business education, training, and loans for underserved small businesses.

Questions for Mountain West Foundation

Tap to ask. Mountain West Foundation sees how many people are interested.

Your first name shows with your question. Mountain West Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $206K · in their own filed words · FY2024
01

To sponsor economic development projects for underserved small businesses. To provide direct business education, training, and loans to qualifying small businesses.

$206Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 21 grants · $234K · 2024–2025
Alex BurgersFY2025$20,000
Parfe DiemFY2025$15,000
Planted HealingFY2025$12,500
Utah Microenterprise Loan FundUT · FY2025$10,000
Utah Gay and Lesbian Chamber of CommerceUT · FY2025$10,000
International Rescue Committee INCNY · FY2025$7,500
Suazo Business CenterUT · FY2025$7,500
Utah Hispanic Chamber of Commerce INCUT · FY2025$6,000
Diy Freeze Dry LLCFY2024$25,000
Juah Apparel LLCFY2024$15,000
The Royal Lounge LLCFY2024$12,500
Black Chamber of CommerceUT · FY2024$10,000
International Rescue Committee INCNY · FY2024$10,000
Utah Pacific Island ChamberFY2024$10,000
Utah Hispanic Chamber of Commerce INCUT · FY2024$10,000
Pacific Island Chamber of CommerceFY2024$10,000
Utah Gay and Lesbian Chamber of CommerceUT · FY2024$10,000
Utah Microenterprise Loan FundUT · FY2024$10,000
See all 21 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$731K
Ln 12
Gifts and grantsLn 1h$729K
Investment incomeLn 3$2K
Money outPt IX
$206K
Ln 25
Programscol B$206K
Owns and owesPt X
$525K
net assets · Ln 32
Cash and savingsLn 1–2$412K
Total assetsLn 16$525K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$729K
Government grantsLn 1e$201K
Investment incomeLn 3$2K
Total revenueLn 12$731K
Assets in detailPt X, end of year
CashLn 1$412K
Cash and savings togetherLn 1–2$412K
Total assetsLn 16$525K
LiabilitiesLn 26$0
Net assetsLn 32$525K
OperationsPt I, VI
EmployeesI 50
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 FY24End FY24
Cash and savingsLn 1–2$412K
Total assetsLn 16$0$525K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$525K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$176K$176K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$15K$15K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$401$401
TravelLn 17$12K$12K
Total functional expensesLn 25$206K$206K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $10K$202K−$192K$333K 990 PDF
FY2024 Viewing $731K$206K$525K$525K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $731,400 revenue, 12 lines filed
I-8 Contributions and grants$729,216
I-9 Program service revenue$0
I-10 Investment income$2,184
I-11 Other revenue$0
I-12 Total revenue$731,400
I-13 Grants and similar amounts paid$175,500
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$30,759
I-18 Total expenses$206,259
I-19 Revenue less expenses$525,141
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $731,400 across 5 lines filed
VIII-1e Government grants$201,458
VIII-1f All other contributions, gifts and grants$527,758
VIII-1h Total contributions, gifts and grants$729,216
VIII-3 Investment incomeRelated to mission $2,184$2,184
VIII-12 Total revenueRelated to mission $2,184$731,400
Part IX · Statement of functional expenses $206,259 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $175,500$175,500
IX-11c Accounting feesPrograms $1,800$1,800
IX-11g Other fees for servicesPrograms $15,000$15,000
IX-12 Advertising and promotionPrograms $1,556$1,556
IX-13 Office expensesPrograms $401$401
IX-17 TravelPrograms $12,002$12,002
IX-25 Total functional expensesPrograms $206,259 · Management $0 · Fundraising $0$206,259
Part X · Balance sheet $525,141 assets, 6 lines filed
Asset lines not itemized here account for $113,632; see the IRS return.
X-1 Cash, non-interest-bearing$411,509
X-16 Total assetsStart of year $0$525,141
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$525,141
X-32 Total net assets or fund balancesStart of year $0$525,141
X-33 Total liabilities and net assetsStart of year $0$525,141
Part XI · Reconciliation of net assets $525,141 net assets at year end
XI-1 Total revenue$731,400
XI-2 Total expenses$206,259
XI-3 Revenue less expenses$525,141
XI-10 Net assets at end of year$525,141

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.