Silicon Slopes
- Assets
- $2.7m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 20
- Location
- Lehi, UT
- Founding
- 07/2017
- Data as of
- 12/2021
- EIN
- 81-2132929
Organization Overview
Silicon Slopes is located in Lehi, UT. The organization was established in 2017. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Silicon Slopes employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silicon Slopes is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Silicon Slopes generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 41.6% each year . All expenses for the organization totaled $7.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SILICON SLOPES EMPOWERS UTAH'S STARTUP AND TECH COMMUNITY TO LEARN, CONNECT, AND SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL TECH SUMMIT - SILICON SLOPES TECH SUMMIT IS A GLOBALLY RECOGNIZED TWO-DAY SUMMIT ORGANIZED AND HOSTED BY THE SILICON SLOPES ORGANIZATION AND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clint Betts Executive Director | OfficerTrustee | 40 | $175,000 |
Garrett Clark Director Of Operations | 40 | $150,000 | |
John Bowers Partnership Director | 40 | $130,000 | |
Ryan Smith Director | Trustee | 1 | $0 |
Dave Elkington Director | Trustee | 1 | $0 |
Aaron Skonnard Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cornerstone Tech Technology/video Set Up For Tech Summit | 12/30/17 | $485,000 |
Luxe Marketing Marketing For Tech Summit | 12/30/17 | $172,730 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $157,544 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,407,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,564,640 |
| Total Program Service Revenue | $412,224 |
| Investment income | $582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,981,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $455,000 |
| Compensation of current officers, directors, key employees. | $455,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $853,087 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,181 |
| Payroll taxes | $72,607 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,077 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $425,356 |
| Office expenses | $615,851 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,097 |
| Travel | $335,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,216,144 |
| Interest | $1,760 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,128 |
| Insurance | $160,679 |
| All other expenses | $101,582 |
| Total functional expenses | $7,082,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,675,060 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $455,700 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $247,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $28,072 |
| Other assets | $255,246 |
| Total assets | $2,661,490 |
| Accounts payable and accrued expenses | $1,427,832 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $191,347 |
| Total liabilities | $1,619,179 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $127,000 |
| Retained earnings, endowment, accumulated income, or other funds | $915,311 |
| Total liabilities and net assets/fund balances | $2,661,490 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Silicon Slopes has recieved totaling $175,578.
| Awarding Organization | Amount |
|---|---|
Zions Bancorporation Foundation Salt Lake City, UT PURPOSE: EMPOWER UTAH'S STARTUP AND TECH COMMUNITY TO CONNECT AND SERVE | $116,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $22,039 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $22,039 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Walter And Susan Phillips Family Foundation Berwyn, PA PURPOSE: CHARITABLE SUPPORT | $2,500 |
Walter And Susan Phillips Family Foundation Berwyn, PA PURPOSE: CHARITABLE SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Educause Boulder, CO | $45,912,990 | $23,875,929 |
International School Of Denver Inc Denver, CO | $37,011,628 | $17,937,302 |
Aspen Global Change Institute Inc Basalt, CO | $40,273,287 | $16,176,198 |
Silicon Slopes Lehi, UT | $2,661,490 | $5,981,892 |
Jobs For Nevadas Graduates Inc Las Vegas, NV | $2,371,026 | $5,045,525 |
Street Business School Niwot, CO | $2,508,197 | $1,732,251 |
Bicycle Colorado Denver, CO | $923,055 | $2,339,915 |
Literacy Connects Tucson, AZ | $3,553,205 | $2,396,997 |
Sutherland Institute Salt Lake City, UT | $497,702 | $1,430,169 |
American Indian Alaska Native Tourism Association Albuquerque, NM | $950,237 | $1,198,179 |
Compassion & Choices Action Network Littleton, CO | $14,650,551 | $2,030,368 |
Literacy Volunteers Of Maricopa County Inc Phoenix, AZ | $1,596,553 | $1,048,838 |