Business briefs for May 12-14 |

Business briefs for May 12-14

Next Park City Institute lecture is May 12

The University of Utah’s Park City Institute will hold its next event at the Utah Olympic Park Day Lodge from 6 to 8 p.m. on May 12. The featured speaker will be Chris Hill, the director of athletics, who will present on "The Business of College Athletics." Individual tickets are $35, $50 for two. The institute encourages purchase of season tickets. RSVP at or to Janine Murphy at 801-585-0742.

Nonprofits must file by May 17

The IRS would like to remind nonprofit organizations that a crucial filing deadline of May 17 is looming. Many tax-exempt organizations are required by law to file their Form 990 or risk having their federal tax-exempt status revoked. The Pension Protection Act of 2006 mandates that all non-profit organizations, other than churches and church related organizations, must file an information form with the IRS. Any organization that fails to file for three consecutive years automatically loses its federal tax-exempt status.

Huntsman family buys Tetons Sotheby’s

According to a press release, Sotheby’s International Realty Affiliates LLC recently announced the signing of a 20-year franchise agreement with a company wholly owned by the Jon M. Huntsman family for the existing Sotheby’s International Realty luxury residential real estate operations in the Jackson Hole, Wyo., and Driggs and Sun Valley, Idaho, markets. The Huntsman family has significant real estate investments as well as philanthropic and personal interests in the region. David Huntsman, who oversees all of the family’s real estate interests in Idaho and Wyoming, will direct the Sotheby’s International Realty operations in both regions.

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