Silicon Slopes
- Assets
- $1.2m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 30
- Location
- Lehi, UT
- Founding
- 07/2017
- Data as of
- 12/2022
- 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 12/2022, Silicon Slopes employed 30 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 12/2022, Silicon Slopes generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $6.8m during the year ending 12/2022. 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
2022
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/president | OfficerTrustee | 40 | $135,577 |
Carine Clark Chair | OfficerTrustee | 1 | $0 |
Jeremy Andrus Director | Trustee | 1 | $0 |
Dave Elkington Director | Trustee | 1 | $0 |
Johnny Hanna Director | Trustee | 1 | $0 |
Josh James 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 |
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 |
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 | $157,607 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,475,947 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,633,554 |
| Total Program Service Revenue | $702,472 |
| Investment income | $6,179 |
| 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 | $5,467,942 |
| 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. | $415,577 |
| Compensation of current officers, directors, key employees. | $182,176 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,052,935 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,118 |
| Payroll taxes | $99,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $83,206 |
| 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 | $375,134 |
| Office expenses | $220,658 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,568 |
| Travel | $387,169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,425,447 |
| Interest | $1,510 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $200,243 |
| All other expenses | $245,007 |
| Total functional expenses | $6,798,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $668,800 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $92,300 |
| 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 | $188,419 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $22,768 |
| Other assets | $259,103 |
| Total assets | $1,231,390 |
| Accounts payable and accrued expenses | $1,484,231 |
| 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 | $89,999 |
| Total liabilities | $1,574,230 |
| 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 | -$469,840 |
| Total liabilities and net assets/fund balances | $1,231,390 |