2025-05-14T17:31:12-04:00 2024-06-30 870516083 LARSON & COMPANY PC 11240 S RIVER HEIGHTS DR STE 300 SOUTH JORDAN UT 840955123 990 2023-07-01 742502619 ECONOMIC DEVELOPMENT CORP OF UTAH ECON 8013288824 201 S MAIN ST STE 425 SALT LAKE CITY UT 84111 DANIEL BRIMHALL CFO 8013288824 2025-05-13 true true RICHARD SCORESBY CPA P00573067 8013131900 2025-05-13 2023 2025-03-06 01:10:19Z DEREK MILLER 201 SOUTH MAIN STREET 2300 SALT LAKE CITY UT 84111 2062603 false X WWW.EDCUTAH.COM X 1987 UT TO CATALYZE QUALITY JOBS AND CAPITAL INVESTMENT THROUGHOUT UTAH. 28 28 27 140 0 2830588 1874044 29881 79600 4988 27909 85490 59257 2950947 2040810 0 0 1747267 1870181 0 31511 1150806 983537 2898073 2853718 52874 -812908 4477272 3504683 950715 791034 3526557 2713649 X ECONOMIC DEVELOPMENT CORPORATION OF UTAH (EDCUTAH) SERVES AS A CATALYST FOR QUALITY JOB GROWTH AND INCREASED CAPITAL INVESTMENT BY ASSISTING IN-STATE COMPANIES TO GROW AND RECRUITING OUT-OF-STATE COMPANIES TO EXPAND AND RELOCATE INTO UTAH. false false 1264490 IN FY 2023-24 EDCUTAH'S BUSINESS DEVELOPMENT TEAM ASSISTED 28 COMPANIES IN THEIR RELOCATION OR EXPANSION INTO UTAH, THAT IN TURN PLAN TO CREATE OR RETAIN MORE THAN 8,968 JOBS OVER THE LIFE OF THEIR PROJECTS. 976296 79600 EDCUTAH CONTINUED ITS PROACTIVE GLOBAL STRATEGY & OUTREACH LEAD GENERATION PROGRAM, MEETING WITH 77 COMPANIES AND GENERATING SEVERAL HIGH VALUE CORPORATE RECRUITING PROJECTS. THOSE PROJECTS HAVE THE POTENTIAL TO CREATE THOUSANDS OF JOBS AND INVEST MILLIONS OF DOLLARS IN FACILITIES AND EQUIPMENT OVER THE NEXT FEW YEARS. 2240786 false true false false false false false false false true false false true true true false false false false false false false false true false false false false true false false false false false false false false false false false true false false true 4 0 true 27 true false false false false true true false false false X 28 28 false false false false false false false true true false false true true true true true false true true false X SCOTT CUTHBERTSON 8013288824 201 S MAIN ST STE 425 SALT LAKE CITY UT 84111 SCOTT CUTHBERTSON PRESIDENT & 40.00 X 219726 0 15773 STEPHANIE FROHMAN SVP, STRATEG 40.00 X 156215 0 20363 COLBY COOLEY SVP, OPERATI 40.00 X 144392 0 18494 JILL KIRSLING CFO 6.00 X 44100 0 0 DEBBIE WINN VICE CHAIR 2.00 X X 0 0 0 JUDD COOK CHAIR 2.00 X X 0 0 0 TOM MORGAN SECRETARY 2.00 X X 0 0 0 BRANDON GORDON TRUSTEE 1.00 X 0 0 0 ROB MOORE TRUSTEE 1.00 X 0 0 0 LARRY JENSEN TRUSTEE 1.00 X 0 0 0 MATT HIRST TRUSTEE 1.00 X 0 0 0 RYAN MEYER TRUSTEE 1.00 X 0 0 0 CHRISTY ALTER TRUSTEE 1.00 X 0 0 0 CHRISTIAN GARDNER TRUSTEE 1.00 X 0 0 0 RYAN STARKS TRUSTEE 1.00 X 0 0 0 RICHARD GARLISH TRUSTEE 1.00 X 0 0 0 MICHAEL AMBRE TRUSTEE 1.00 X 0 0 0 J STEVEN PRICE TRUSTEE 1.00 X 0 0 0 DAN RICHARDS TRUSTEE 1.00 X 0 0 0 BEN HART TRUSTEE 1.00 X 0 0 0 JANICE CO TRUSTEE 1.00 X 0 0 0 BOB STEVENSON TRUSTEE 1.00 X 0 0 0 BEN NADOLSKI TRUSTEE 1.00 X 0 0 0 ERIN MENDENHALL TRUSTEE 1.00 X 0 0 0 JENNY WILSON TRUSTEE 1.00 X 0 0 0 GAGE FROERER TRUSTEE 1.00 X 0 0 0 DIRK BURTON TRUSTEE 1.00 X 0 0 0 REED LAWS TRUSTEE 1.00 X 0 0 0 BRENNEN BROWN TRUSTEE 1.00 X 0 0 0 JASON HILL TRUSTEE 1.00 X 0 0 0 BRIE DAVIS TRUSTEE 1.00 X 0 0 0 BETH HOLBROOK TRUSTEE 1.00 X 0 0 0 564433 54630 3 false true false CHRISTOPHER HILBURN 6817 N BRIGHAM CT STANSBURY PARK UT 84074 RESEARCH CONSUL 104847 1 751858 1122186 1874044 RESEARCH PROJECTS 900099 56600 56600 TRADE SHOW INCOME 900099 23000 23000 79600 27509 27509 400 400 400 400 65922 21793 44129 44129 MISCELLANEOUS REVENUE 561000 15128 15128 15128 2040810 94728 72038 277342 221873 52695 2774 1285499 1028400 244245 12854 39251 31401 7458 392 133950 107161 25450 1339 134139 107312 25486 1341 26775 26775 202182 110606 91576 181841 181841 69223 45643 21033 2547 104470 91347 11706 1417 134991 89008 41017 4966 76183 70930 4935 318 44988 41723 2990 275 14507 14507 54617 46424 5462 2731 9548 6296 2901 351 GLOBAL STRATEGY/OUTREACH 26868 26868 BUSINESS DEVELOPMENT 21444 21444 ADMINISTRATION 15900 12509 3185 206 2853718 2240786 581421 31511 359314 161466 1815691 2013475 1347237 423172 25140 59423 146406 367379 137057 272823 230322 597644 529842 4477272 3504683 280443 189739 670272 601295 950715 791034 X 2044583 2713649 1481974 3526557 2713649 4477272 3504683 -812908 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 207170 47262 159908 134036 63622 70414 26173 26173 230322 OPERATING LEASE ROU ASSET 529842 529842 OPERATING LEASE 601295 601295 X 2065810 25000 25000 2040810 2040810 2878718 25000 25000 2853718 2853718 SCHEDULE D, PAGE 3, PART X THE CORPORATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH U.S. GAAP, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE GUIDANCE ALSO PROVIDES DIRECTION ON RECOGNITION, DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN BY THE CORPORATION IN THE TAX RETURNS WHICH HAVE BEEN FILED WITH THE IRS. GENERALLY, THE CORPORATION'S TAX RETURNS REMAIN OPEN TO EXAMINATION FOR THREE YEARS FROM THE DATE OF FILING. GOLF TOURNAMENT 65922 65922 5780 8573 7440 65922 65922 5780 8573 7440 21793 44129 X X false false false SCOTT CUTHBERTSON PRESIDENT & CEO 199926 19800 5078 10695 235499 STEPHANIE FROHMAN SVP, STRATEGY & PART 139665 16550 5663 14700 176578 COLBY COOLEY SVP, OPERATIONS 132242 12150 6026 12468 162886 FORM 990 - ORGANIZATION'S MISSION ECONOMIC DEVELOPMENT CORPORATION OF UTAH (EDCUTAH) SERVES AS A CATALYST FOR QUALITY JOB GROWTH AND INCREASED CAPITAL INVESTMENT BY ASSISTING IN-STATE COMPANIES TO GROW AND RECRUITING OUT-OF-STATE COMPANIES TO EXPAND AND RELOCATE INTO UTAH. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE CEO, CFO AND FINANCE COMMITTEE PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C ANNUAL DISCUSSION AND REQUEST FOR SIGNED AGREEMENTS BY BOARD AND EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 15A ANNUAL MEETING OF THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES TO EVALUATE GOALS, PERFORMANCE, AND MARKET AND DETERMINE APPORPRIATE COMPENSATION OF CEO. FORM 990, PAGE 6, PART VI, LINE 15B AS DETERMINED BY CEO. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS AVAILABLE TO PUBLIC UPON REQUEST. ECONOMIC DEVELOPMENT CORPORATION OF UTAH FOUNDATION 201 S MAIN ST STE 425 SALT LAKE CITY UT 84111 862359494 JOB GROWTH UT 501C3 7 N/A false false false false false false false false false false false false false false false false false false false false