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Utah Capital Investment Corporation

  • Lehi, UT
  • Tax-exempt since Jan. 2006
  • EIN: 75-3146492

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Community, Neighborhood Development, Improvement (General) (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
−$926k (2023)

Expenses
$10.8M (2023)

Total Assets
$39.6M (2023)

Total Liabilities
$2.34k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$925,538
Expenses
$10,816,584
Net Income
-$11,742,122
Net Assets
$39,570,481
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $364,880
Bond Proceeds $0
Royalties $3,235
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,327,198
Net Inventory Sales $0
Other Revenue $33,545
Notable Expenses Percent of Total Expenses
Executive Compensation $137,948
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $801
0.0%
Assets/Debt
Total Assets $39,572,818
Total Liabilities $2,337
Net Assets $39,570,481
Compensation
Key Employees and Officers Compensation Related Other
Bret Jepsen (Managing Director Jan Feb) $133,154 $0 $4,794
Marlo Oaks (Board Member) $0 $0 $0
Paul Clayson (Board Member) $0 $0 $0
Jason Gull (Board Member) $0 $0 $0
Jason Nielsen (Financial Director) $0 $0 $0
Kirt Slaugh (Managing Director Feb Dec) $0 $0 $0
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Document Links

990
Filed on Nov. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$60,060
Expenses
$16,215,276
Net Income
-$16,275,336
Net Assets
$52,665,025
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $594,608
Bond Proceeds $0
Royalties $7,288
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$661,956
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $309,101
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $16,676
0.1%
Assets/Debt
Total Assets $52,694,225
Total Liabilities $29,200
Net Assets $52,665,025
Compensation
Key Employees and Officers Compensation Related Other
Bret Jepsen (Managing Director) $280,000 $0 $29,101
Marlo Oaks (Board Member) $0 $0 $0
Paul Clayson (Board Member) $0 $0 $0
Jason Gull (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,677,730
Expenses
$1,332,931
Net Income
$12,344,799
Net Assets
$78,710,135
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,027,147
7.5%
Bond Proceeds $0
Royalties $5,817
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,629,592
92.3%
Net Inventory Sales $0
Other Revenue $15,174
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $346,920
26.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $78,739,556
Total Liabilities $29,421
Net Assets $78,710,135
Compensation
Key Employees and Officers Compensation Related Other
Bret Jepsen (Managing Dir) $278,435 $0 $23,401
Emma Peterson (Office Manag) $36,157 $0 $8,927
Ed Esber (Board Member) $0 $0 $0
Mel Lavitt (Board Member) $0 $0 $0
Bob Majika (Board Member) $0 $0 $0
Pam Mccomas (Board Member) $0 $0 $0
Scott Peterson (Chairman) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 16, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,302,894
Expenses
$1,644,407
Net Income
$6,658,487
Net Assets
$82,565,348
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $324,764
3.9%
Bond Proceeds $0
Royalties $5,024
0.1%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,912,551
95.3%
Net Inventory Sales $0
Other Revenue $60,555
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $382,770
23.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $82,639,305
Total Liabilities $73,957
Net Assets $82,565,348
Compensation
Key Employees and Officers Compensation Related Other
Bret Jepsen (Managing Dir) $295,000 $0 $27,089
Emma Peterson (Office Manag) $54,500 $0 $6,182
Ed Esber (Board Member) $0 $0 $0
Mel Lavitt (Board Member) $0 $0 $0
Bob Majika (Board Member) $0 $0 $0
Pam Mccomas (Board Member) $0 $0 $0
Scott Peterson (Chairman) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,539,062
Expenses
$2,596,300
Net Income
$27,942,762
Net Assets
$40,945,058
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $764,417
2.5%
Bond Proceeds $0
Royalties $41,120
0.1%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $29,732,788
97.4%
Net Inventory Sales $0
Other Revenue $737
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $391,597
15.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $58,030,699
Total Liabilities $17,085,641
Net Assets $40,945,058
Compensation
Key Employees and Officers Compensation Related Other
Bret Jepsen (Managing Director) $305,000 $0 $26,863
Emma Peterson (Office Manager) $54,500 $0 $5,234
Mel Lavitt (Board Member) $0 $0 $0
Ed Esber (Board Member) $0 $0 $0
Scott Peterson (Chairman) $0 $0 $0
Pam Mccomas (Board Member) $0 $0 $0
Bob Majka (Board Member) $0 $0 $0
Robert Majika (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 13, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,025,066
Expenses
$3,781,986
Net Income
$21,243,080
Net Assets
$39,010,462
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $687,527
2.7%
Bond Proceeds $0
Royalties $6,524
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $24,331,015
97.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $366,534
9.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $77,065,661
Total Liabilities $38,055,199
Net Assets $39,010,462
Compensation
Key Employees and Officers Compensation Related Other
Bret Jepsen (Managing Director) $275,000 $0 $23,853
Emma Peterson (Office Manager) $56,297 $0 $5,329
Mel Lavitt (Board Member) $0 $0 $0
Ed Esber (Board Member) $0 $0 $0
Scott Peterson (Chairman) $0 $0 $0
Pam Mccomas (Board Member) $0 $0 $0
Bob Majka (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 5, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,076,682
Expenses
$5,130,438
Net Income
$8,946,244
Net Assets
$25,894,414
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,529,808
18.0%
Bond Proceeds $0
Royalties $6,653
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $11,540,221
82.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $375,168
7.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $86,943,096
Total Liabilities $61,048,682
Net Assets $25,894,414
Compensation
Key Employees and Officers Compensation Related Other
Bret Jepsen (Managing Director) $270,833 $0 $28,549
Emma Peterson (Office Manager) $48,750 $0 $5,432
Ryan Davis (Cfo) $21,600 $0 $0
Mel Lavitt (Board Member) $0 $0 $0
Ed Esber (Board Member) $0 $0 $0
Scott Peterson (Board Member) $0 $0 $0
Ed Alter (Board Member) $0 $0 $0
Bob Moore (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 7, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,384,553
Expenses
$6,734,630
Net Income
$7,649,923
Net Assets
$20,284,519
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $4,145,577
28.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $10,238,976
71.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $366,954
5.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $96,285,693
Total Liabilities $76,001,174
Net Assets $20,284,519
Compensation
Key Employees and Officers Compensation Related Other
Bret Jepsen (Managing Director) $275,000 $0 $16,214
Emma Peterson (Office Manager) $50,000 $0 $4,140
Ryan Davis (Cfo) $21,600 $0 $0
Mel Lavitt (Board Member) $0 $0 $0
Ed Esber (Board Member) $0 $0 $0
Scott Peterson (Board Member) $0 $0 $0
Ed Alter (Board Member) $0 $0 $0
Bob Moore (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 14, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,788,991
Expenses
$5,849,366
Net Income
$12,939,625
Net Assets
$28,232,036
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $10,560,676
56.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,228,315
43.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $343,094
5.9%
Professional Fundraising Fees $0
Other Salaries and Wages $42,250
0.7%
Assets/Debt
Total Assets $118,262,639
Total Liabilities $90,030,603
Net Assets $28,232,036
Compensation
Key Employees and Officers Compensation Related Other
Bret Jepsen (Managing Director) $287,500 $0 $17,794
Ryan Davis (Cfo) $21,600 $0 $0
Matt Peterson (Vice President) $16,200 $0 $0
Mel Lavitt (Board Member) $0 $0 $0
Ed Esber (Board Member) $0 $0 $0
Scott Peterson (Board Member) $0 $0 $0
Scott Murray (Board Member) $0 $0 $0
Amy Rees Anderson (Board Member) $0 $0 $0
Steve Young (Board Member) $0 $0 $0
Ed Alter (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 14, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,161,395
Expenses
$6,948,689
Net Income
$212,706
Net Assets
$14,844,388
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $440,055
6.1%
Investment Income $515,396
7.2%
Bond Proceeds $0
Royalties $16,297
0.2%
Rental Property Income $98
0.0%
Net Fundraising $0
Sales of Assets $6,189,549
86.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $387,323
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $56,743
0.8%
Assets/Debt
Total Assets $116,475,169
Total Liabilities $101,630,781
Net Assets $14,844,388
Compensation
Key Employees and Officers Compensation Related Other
Bret Jepsen (Managing Director) $250,000 $0 $14,814
Matt Peterson (Vice President) $86,395 $0 $14,814
Ryan Davis (Cfo) $21,300 $0 $0
Mel Lavitt (Board Member) $0 $0 $0
Ed Esber (Board Member) $0 $0 $0
Scott Peterson (Board Member) $0 $0 $0
Scott Murray (Board Member) $0 $0 $0
Amy Rees Anderson (Board Member) $0 $0 $0
Steve Young (Board Member) $0 $0 $0
Ed Alter (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 16, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,153,620
Expenses
$6,559,358
Net Income
-$2,405,738
Net Assets
-$1,676,496
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $63,000
1.5%
Investment Income $573,422
13.8%
Bond Proceeds $0
Royalties $5,633
0.1%
Rental Property Income $80
0.0%
Net Fundraising $0
Sales of Assets $3,511,485
84.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $261,448
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $13,544
0.2%
Assets/Debt
Total Assets $104,058,652
Total Liabilities $105,735,148
Net Assets -$1,676,496
Compensation
Key Employees and Officers Compensation Related Other
Tim Bridgewater (Managing Director) $131,319 $0 $9,165
Matt Peterson (Vice President) $85,272 $0 $17,692
Ryan Davis (Cfo) $18,000 $0 $0
Mel Lavitt (Board Member) $0 $0 $0
Ed Esber (Board Member) $0 $0 $0
Scott Peterson (Board Member) $0 $0 $0
Scott Murray (Board Member) $0 $0 $0
Amy Rees Anderson (Board Member) $0 $0 $0
Steve Young (Board Member) $0 $0 $0
Ed Alter (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 18, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,994,452
Expenses
$1,430,410
Net Income
$564,042
Net Assets
$264,379
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $580,145
29.1%
Investment Income $137,011
6.9%
Bond Proceeds $0
Royalties $704
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,277,900
64.1%
Net Inventory Sales $0
Other Revenue -$1,308
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $165,805
11.6%
Assets/Debt
Total Assets $319,772
Total Liabilities $55,393
Net Assets $264,379

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$445,719
Expenses
$445,719
Net Income
$0
Net Assets
$264,274
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $445,718
100.0%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $145,653
32.7%
Assets/Debt
Total Assets $280,024
Total Liabilities $15,750
Net Assets $264,274

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated