Salt Lake Area Restaurant Association
- Assets
- $2.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 46-4658632
Organization Overview
Salt Lake Area Restaurant Association is located in Salt Lake City, UT. The organization was established in 2017. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salt Lake Area Restaurant Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Salt Lake Area Restaurant Association generated $60.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $91.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
HELPING INDEPENDENTLY OWNED RESTAURANTS AND BARS NAVIGATE THROUGH COVID-RELATED BUSINESS CHANGES, PROMOTING THE INDUSTRY AND EDUCATING / DISSEMINATING INFORMATION PERTINENT TO THE SUCCESS OF THE LOCAL INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Ryan Chair Of The Board Of Directors | 10 | $0 | |
Judy Cullen Board Member | 2 | $0 | |
John Genna Board Member | 2 | $0 | |
James Roberts Board Member | 2 | $0 | |
Steve Verno Board Member | 2 | $0 | |
Bryan Hill Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,937 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $49,600 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,537 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $21,433 |
| Salaries, other compensation, and employee benefits | $45,729 |
| Professional fees and other payments to independent contractors | $3,472 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $116 |
| Other expenses | $20,813 |
| Total expenses | $91,563 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,225 |
| Other assets | $0 |
| Total assets | $2,225 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,225 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain West Small Business Finance Salt Lake City, UT | $11,137,576 | $7,876,705 |
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Blue Stakes Of Utah Utility Notification Center Inc South Jordan, UT | $5,829,969 | $3,634,307 |
Worldatwork Society Of Certified Professionals Scottsdale, AZ | $12,717,541 | $3,104,582 |
Scottsdale Charros Inc Scottsdale, AZ | $769,007 | $2,658,140 |
Better Business Bureau Of Northern Colorado Inc Fort Collins, CO | $3,156,578 | $2,378,907 |
Better Bisiness Bureau Serving Northern Nevada And Utah Inc Salt Lake City, UT | $1,961,659 | $2,268,146 |
National Association Of State Contractors Licensing Agencies Phoenix, AZ | $6,030,868 | $2,815,076 |
Nevada State Development Corporation Las Vegas, NV | $2,571,893 | $1,752,210 |
Better Business Bureau Of Tucson Inc Tucson, AZ | $611,322 | $1,919,803 |
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