GROW UTAH VENTURES

Address
450 SOUTH SIMMONS WAY NO 500
KAYSVILLE, UT 84037
Contact
Website: http://growutahventures.com/
Phone: +1 (801) 593-2267
Nonprofit
NTEE: S30 - Economic Development
EIN: 27-1419686

Mission

TO PROVIDE EDUCATION AND TRAINING TO STIMULATE AND DEVELOP ENTREPRENEURIAL TALENT THROUGHOUT THE STATE OF UTAH WHILE ENHANCING THE LOCAL BUSINESS CLIMATE AND INCREASING THE LIKELIHOOD OF SUCCESS OF NEW BUSINESS VENTURES. OUR PROGRAMS ARE INTENDED TO STIMULATE ECONOMIC DEVELOPMENT AND LESSEN THE BURDENS OF GOVERNMENT, BY PROVIDING EDUCATIONAL TRAINING AND ASSISTANCE TO PROMOTE NEW BUSINESS DEVELOPMENT, JOB CREATION, AND EFFECTIVE BUSINESS PERFORMANCE.
 20162015201420132012
Basic features of the organization
Year of formation2008
Subsection code03
PF filing required0    
Metropolitan statistical area7160
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers404420
Number of highly compensated contractors1111 
Personnel
Andersen, P
TitleBOARD MEMBERSECRETARY   
Name of key/compensated personP CHRISTIAN ANDERSENP CHRISTIAN ANDERSEN   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officer True   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Anderson, A
Title BOARD MEMBERBOARD MEMBERBOARD MEMBER 
Name of key/compensated person A SCOTT ANDERSONA SCOTT ANDERSONA SCOTT ANDERSON 
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Average hours per week working for org 1.001.001.00 
Reportable compensation from org $0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00 
Anderson, P
Title  SECRETARYSECRETARYSECRETARY
Name of key/compensated person  P CHRISTIAN ANDERSONP CHRISTIAN ANDERSONP CHRISTIAN ANDERSON
Position of compensated person
Current individual trustee or director  True  
Current officer  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Bott, Justin
TitleBOARD MEMBER    
Name of key/compensated personJUSTIN BOTT    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Bott, T
TitlePRESIDENTPRESIDENT/EXECUTIVE DIRECTPRESIDENT/EXECUTIVE DIRECTPRESIDENT/EXECUTIVE DIRECTPRESIDENT/EXECUTIVE DIRECT
Name of key/compensated personT CRAIG BOTTT CRAIG BOTTT CRAIG BOTTT CRAIG BOTTT CRAIG BOTT
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.0040.0040.0040.005.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Hall, Alan
Title CHAIRMAN OF THE BOARDCHAIRMAN OF THE BOARDCHAIRMAN OF THE BOARDCHAIRMAN OF THE BOARD
Name of key/compensated person ALAN HALLALAN HALLALAN HALLALAN HALL
Position of compensated person
Current officer TrueTrueTrueTrue
Average hours per week working for org 2.002.002.002.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Thomas, Kent
Title TREASURERTREASURERTREASURERTREASURER
Name of key/compensated person KENT THOMASKENT THOMASKENT THOMASKENT THOMAS
Position of compensated person
Current individual trustee or director TrueTrue  
Current officer TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPROMOTE AND PROVIDE EDUCATIONAL OPPORTUNITIES WITH RESPECT TO ENTREPRENEURIAL ENTERPRISE AND RELATED SKILL SETS; ESTABLISH AND OPERATE EDUCATIONAL AND TRAINING CENTERS AT SELECTED EDUCATIONAL INSTITUTIONS AND GOVERNMENTAL FACILITIES, TO PROVIDE EDUCATION AND TRAINING IN THE SKILLS REQUIRED TO SUCCESSFULLY OPERATE AND OBTAIN FUNDING FOR NEW BUSINESSES.PROMOTE AND PROVIDE EDUCATIONAL OPPORTUNITIES WITH RESPECT TO ENTREPRENEURIAL ENTERPRISE AND RELATED SKILL SETS; ESTABLISH AND OPERATE EDUCATIONAL AND TRAINING CENTERS AT SELECTED EDUCATIONAL INSTITUTIONS AND GOVERNMENTAL FACILITIES, TO PROVIDE EDUCATION AND TRAINING IN THE SKILLS REQUIRED TO SUCCESSFULLY OPERATE AND OBTAIN FUNDING FOR NEW BUSINESSES.PROMOTE AND PROVIDE EDUCATIONAL OPPORTUNITIES WITH RESPECT TO ENTREPRENEURIAL ENTERPRISE AND RELATED SKILL SETS; ESTABLISH AND OPERATE EDUCATIONAL AND TRAINING CENTERS AT SELECTED EDUCATIONAL INSTITUTIONS AND GOVERNMENTAL FACILITIES, TO PROVIDE EDUCATION AND TRAINING IN THE SKILLS REQUIRED TO SUCCESSFULLY OPERATE AND OBTAIN FUNDING FOR NEW BUSINESSES.PROMOTE AND PROVIDE EDUCATIONAL OPPORTUNITIES WITH RESPECT TO ENTREPRENEURIAL ENTERPRISE AND RELATED SKILL SETS; ESTABLISH AND OPERATE EDUCATIONAL AND TRAINING CENTERS AT SELECTED EDUCATIONAL INSTITUTIONS AND GOVERNMENTAL FACILITIES, TO PROVIDE EDUCATION AND TRAINING IN THE SKILLS REQUIRED TO SUCCESSFULLY OPERATE AND OBTAIN FUNDING FOR NEW BUSINESSES.PROMOTE AND PROVIDE EDUCATIONAL OPPORTUNITIES WITH RESPECT TO ENTREPRENEURIAL ENTERPRISE AND RELATED SKILL SETS; ESTABLISH AND OPERATE EDUCATIONAL AND TRAINING CENTERS AT SELECTED EDUCATIONAL INSTITUTIONS AND GOVERNMENTAL FACILITIES, TO PROVIDE EDUCATION AND TRAINING IN THE SKILLS REQUIRED TO SUCCESSFULLY OPERATE AND OBTAIN FUNDING FOR NEW BUSINESSES.
Program service expenses, total$248,411.00$502,738.00$486,386.00$484,375.00$487,627.00
Programs, including revenue & expenses
COMMUNITY RELATIONS - WE PROVIDE COMMUNITY RELATIONS AND MENTORING TO SEEK AND CREATE AN EXPANDING CIRLCE OF RESOURCES, ADVICE, COUNSEL AND ASSISTANCE TAHT WILL ENABLE EACH ENTREPRENEUR TO ACHIEVE GREATER SUCCESS.
Program expenses   $76,914.00$61,410.00
Grants and allocations made   $9,540.00$7,000.00
Program description   COMMUNITY RELATIONS - WE PROVIDE COMMUNITY RELATIONS AND MENTORING TO SEEK AND CREATE AN EXPANDING CIRLCE OF RESOURCES, ADVICE, COUNSEL AND ASSISTANCE TAHT WILL ENABLE EACH ENTREPRENEUR TO ACHIEVE GREATER SUCCESS.COMMUNITY RELATIONS - WE PROVIDE COMMUNITY RELATIONS AND MENTORING TO SEEK AND CREATE AN EXPANDING CIRLCE OF RESOURCES, ADVICE, COUNSEL AND ASSISTANCE TAHT WILL ENABLE EACH ENTREPRENEUR TO ACHIEVE GREATER SUCCESS.
COMMUNITY RELATIONS-SUPPORTS EVENTS AND ORGANIZATIONS IN THE COMMUNITY.
Program expenses $161,046.00   
Program description COMMUNITY RELATIONS-SUPPORTS EVENTS AND ORGANIZATIONS IN THE COMMUNITY.   
CONCEPT TO COMPANY PRIZE MONEY - UTAH'S PREMIER STARTUP CONTESTS AWARDING CASH AND SERVICES. THE PURPOSE IS TO ENCOURAGE, SUPPORT, RECOGNIZE, AND RALLY AROUND UTAH'S ENTREPRENEURAL INNOVATORS AND HELP THEM LAUNCH THEIR COMPANY. PRIZES ARE WARDED WITH NO STRINGS ATTACHED.
Program expenses$36,626.00    
Program descriptionCONCEPT TO COMPANY PRIZE MONEY - UTAH'S PREMIER STARTUP CONTESTS AWARDING CASH AND SERVICES. THE PURPOSE IS TO ENCOURAGE, SUPPORT, RECOGNIZE, AND RALLY AROUND UTAH'S ENTREPRENEURAL INNOVATORS AND HELP THEM LAUNCH THEIR COMPANY. PRIZES ARE WARDED WITH NO STRINGS ATTACHED.    
CONCEPT TO COMPANY-CONDUCT A SERIES OF INNOVATION CONTESTS ACROSS THE STATE OF UTAH. THE CONTEST INVITES INVENTORS, INNOVATORS, AND ENTREPRENEURS TO SUBMIT ENTRIES OF THEIR IDEAS AND BUSINESS CONCEPTS. THIS INITIATIVE PROVIDES SUPPORT AND FUNDING TO ENTREPRENEURS IN A CRITICAL STAGE AND COMMUNICATES A GENERAL LEVEL OF SUPPORT FOR INNOVATORS THAT WILL ENCOURAGE A BROAD RANGE OF ENTRERENEURIAL ACTIVITY.
Program expenses$100,308.00$142,909.00$187,516.00$142,451.00$125,881.00
Program descriptionCONCEPT TO COMPANY-CONDUCT A SERIES OF INNOVATION CONTESTS ACROSS THE STATE OF UTAH. THE CONTEST INVITES INVENTORS, INNOVATORS, AND ENTREPRENEURS TO SUBMIT ENTRIES OF THEIR IDEAS AND BUSINESS CONCEPTS. THIS INITIATIVE PROVIDES SUPPORT AND FUNDING TO ENTREPRENEURS IN A CRITICAL STAGE AND COMMUNICATES A GENERAL LEVEL OF SUPPORT FOR INNOVATORS THAT WILL ENCOURAGE A BROAD RANGE OF ENTRERENEURIAL ACTIVITY.CONCEPT TO COMPANY-CONDUCT A SERIES OF INNOVATION CONTESTS ACROSS THE STATE OF UTAH. THE CONTEST INVITES INVENTORS, INNOVATORS, AND ENTREPRENEURS TO SUBMIT ENTRIES OF THEIR IDEAS AND BUSINESS CONCEPTS. THIS INITIATIVE PROVIDES SUPPORT AND FUNDING TO ENTREPRENEURS IN A CRITICAL STAGE AND COMMUNICATES A GENERAL LEVEL OF SUPPORT FOR INNOVATORS THAT WILL ENCOURAGE A BROAD RANGE OF ENTRERENEURIAL ACTIVITY.CONCEPT TO COMPANY-CONDUCT A SERIES OF INNOVATION CONTESTS ACROSS THE STATE OF UTAH. THE CONTEST INVITES INVENTORS, INNOVATORS, AND ENTREPRENEURS TO SUBMIT ENTRIES OF THEIR IDEAS AND BUSINESS CONCEPTS. THIS INITIATIVE PROVIDES SUPPORT AND FUNDING TO ENTREPRENEURS IN A CRITICAL STAGE AND COMMUNICATES A GENERAL LEVEL OF SUPPORT FOR INNOVATORS THAT WILL ENCOURAGE A BROAD RANGE OF ENTRERENEURIAL ACTIVITY.CONCEPT TO COMPANY-CONDUCT A SERIES OF INNOVATION CONTESTS ACROSS THE STATE OF UTAH. THE CONTEST INVITES INVENTORS, INNOVATORS, AND ENTREPRENEURS TO SUBMIT ENTRIES OF THEIR IDEAS AND BUSINESS CONCEPTS. THIS INITIATIVE PROVIDES SUPPORT AND FUNDING TO ENTREPRENEURS IN A CRITICAL STAGE AND COMMUNICATES A GENERAL LEVEL OF SUPPORT FOR INNOVATORS THAT WILL ENCOURAGE A BROAD RANGE OF ENTRERENEURIAL ACTIVITY.CONCEPT TO COMPANY-CONDUCT A SERIES OF INNOVATION CONTESTS ACROSS THE STATE OF UTAH. THE CONTEST INVITES INVENTORS, INNOVATORS, AND ENTREPRENEURS TO SUBMIT ENTRIES OF THEIR IDEAS AND BUSINESS CONCEPTS. THIS INITIATIVE PROVIDES SUPPORT AND FUNDING TO ENTREPRENEURS IN A CRITICAL STAGE AND COMMUNICATES A GENERAL LEVEL OF SUPPORT FOR INNOVATORS THAT WILL ENCOURAGE A BROAD RANGE OF ENTRERENEURIAL ACTIVITY.
GUV BUSINESS ACCELERATOR - INCUBATOR AND ENTREPRENEUR ASSISTANCE FOR ENTREPRENEURS IN UTAH.
Program expenses  $56,121.00$58,802.00 
Program description  GUV BUSINESS ACCELERATOR - INCUBATOR AND ENTREPRENEUR ASSISTANCE FOR ENTREPRENEURS IN UTAH.USU TECH ACCELERATION I -INCUBATOR AND ENTREPRENEUR ASSISTANCE TO DEVELOP AN EDUCATIONAL PROGRAM FOR THE UTAH STATE UNIVERSITY SCHOOL OF BUSINESS 
PUSHBUTTON SUMMIT - A PREMIER DIGITAL MEDIA INDUSRTY SUMMIT CENTERED ON THE INTERESECTION OF CREATIVITIY AND TECHNOLOGY. THE SUMMIT WILL BRING TOGETHER LEADING GAME DESIGNERS, MOBILE APP DEVELOPERS, DIGITAL ANIMATORS, INDUSTRY EXECUTIVES, ENTREPRENEURS, STUDENTS, AND PRIVATE INVESTORS TO HELP SHAPE WHERE TECHNOLOGY AND CREATIVITY ARE HEADING.
Program expenses  $133,873.00 $117,217.00
Program description  PUSHBUTTON SUMMIT - A PREMIER DIGITAL MEDIA INDUSRTY SUMMIT CENTERED ON THE INTERESECTION OF CREATIVITIY AND TECHNOLOGY. THE SUMMIT WILL BRING TOGETHER LEADING GAME DESIGNERS, MOBILE APP DEVELOPERS, DIGITAL ANIMATORS, INDUSTRY EXECUTIVES, ENTREPRENEURS, STUDENTS, AND PRIVATE INVESTORS TO HELP SHAPE WHERE TECHNOLOGY AND CREATIVITY ARE HEADING. PUSHBUTTON SUMMIT IS A PREMIER DIGITAL MEDIA INDUSTRY SUMMIT CENTERED ON THE INTERSECTION OF CREATIVITY AND TECHNOLOGY. THE SUMMIT WILL BRING TOGETHER LEADING LEADING GAME DESIGNERS, MOBILE APP DEVELOPERS, DIGITAL ANIMATORS, INDUSTRY EXECUTIVES, ENTREPRENEURS, STUDENTS, AND PRIVATE INVESTORS TO HELP SHAPE WHERE TECHNOLOGY AND CREATIVITY IS HEADING.
ROOTS TECH - A WORLDWIDE INNOVATION CONTEST FOR FAMILY HISTORY TECHNOLOGIES.
Program expenses$70,268.00$61,525.00   
Program descriptionROOTS TECH - A WORLDWIDE INNOVATION CONTEST FOR FAMILY HISTORY TECHNOLOGIES.ROOTS TECH 2015-A WORLDWIDE INNOVATION CONTEST FOR FAMILY HISTORY TECHNOLOGIES.   
Financial data
Revenue
Total revenue$281,873.00$525,901.00$523,241.00$510,637.00$533,423.00
Revenue from contributions (total)$281,873.00$503,339.00$519,763.00$504,450.00$521,450.00
Investment income, current yr$0.00$0.00$500.00$0.00$0.00
Total revenue from grants, etc., current yr$281,873.00$503,339.00$519,763.00$504,450.00$521,450.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$0.00$0.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total) $22,562.00$2,978.00$6,187.00$11,973.00
Gross receipts$281,873.00$525,901.00$523,241.00$510,637.00$533,423.00
Sources of contributions
Revenue from gov't grants $60,000.00$77,263.00$108,700.00$38,850.00
Revenue from all other contributions$281,873.00$443,339.00$442,500.00$395,750.00$482,600.00
Other types of revenue
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$272,186.00$550,348.00$532,589.00$528,112.00$532,518.00
Total functional expenses: program service $248,411.00$502,738.00$486,386.00$484,375.00$487,627.00
Total functional expenses: management and general$23,775.00$47,610.00$46,203.00$43,737.00$44,891.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)  $686.00 $711.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$155,400.00$376,050.00$400,117.00$380,751.00$358,245.00
Assets and liabilities
Total assets$39,477.00$42,788.00$54,237.00$63,585.00$81,060.00
Total assets, beginning of year$42,788.00$54,237.00$63,585.00$81,060.00$80,155.00
Total liabilities$0.00$12,998.00$0.00$0.00$0.00
Total liabilities, beginning of year$12,998.00$0.00$0.00$0.00$0.00
Net assets$39,477.00$29,790.00$54,237.00$63,585.00$81,060.00
Net assets, beginning of year$29,790.00$54,237.00$63,585.00$81,060.00$80,155.00
Other liabilities$0.00$12,998.00   
Intangible assets$16,250.00$17,916.00$19,583.00$21,250.00$22,917.00
Cash: non-interest bearing$1,822.00 $4,055.00$8,930.00$13,184.00
Cash: non-interest bearing, beginning of year$0.00$4,055.00$8,930.00$13,184.00$25,194.00
Other financial variables
Revenue less expenses$9,687.00-$24,447.00-$9,348.00-$17,475.00$905.00
Advertising (total)$88,909.00$95,865.00$76,674.00$12,986.00$51,427.00
Total net assets or fund balances$39,477.00$29,790.00$54,237.00$63,585.00$81,060.00
Depreciation, depletion, amortization$5,133.00$7,393.00$10,921.00$17,839.00$20,233.00
Governance and accountability
Number of voting members34443
Number of independent voting members34443
Relationships among key personnelTrueTrueTrueTrueTrue
Cash accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Indicators for schedules (selected)
Business transaction with entity ownerTrueTrue   
Grants to domestic org/gov't >$5k   TrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-11-172017-04-102016-01-142014-12-292013-12-03
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.1
Filing identifier201712789349301331201633209349312678201542829349301404201443219349311414201332809349300513
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