Eagle Mountain Chamber Of Commerce
- Assets
- $190.4k
- Revenue
- $202.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Eagle Mountain, UT
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 83-1593458
Organization Overview
Eagle Mountain Chamber Of Commerce is located in Eagle Mountain, UT. The organization was established in 2019. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eagle Mountain Chamber Of Commerce 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 12/2022, Eagle Mountain Chamber Of Commerce generated $202.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $150.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.0%) per year over the past 3 years. 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
THROUGH THE COMMITMENT AND INVOLVEMENT OF ITS MEMBERS, THE EAGLE MOUNTAIN CHAMBER OF COMMERCE PROVIDES BUSINESS LEADERSHIP FOR THE EAGLE MOUNTAIN COMMUNITY BY PROMOTING GROWTH OPPORTUNITY, EDUCATION, ADVOCACY, RESOURCE & CONNECTION, SERVING OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR LADDER SIGN PROGRAM PROVIDES THE ONLY BILLBOARD STYLE SIGNAGE AVAILABLE TO BUSINESS WITHIN EAGLE MOUNTAIN. WE CURRENTLY HAVE 47 SIGN LOCATIONS WITH 3 DIFFERENT SLOTS AVAILABLE ON EACH SIGN. THERE WERE A TOTAL OF 212 SPACES THAT WERE SOLD. THOSE SIGNS ARE PLACED AROUND THE CITY ON MAJOR ROADS TO MAXIMIZE EXPOSURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Clark Chamber President | Officer | 40 | $34,241 |
Jennifer Humes Director Of Events | Trustee | 15 | $24,662 |
Holly Harwood Chamber Director | OfficerTrustee | 30 | $2,458 |
Diane Bradshaw Past Chair | OfficerTrustee | 2 | $0 |
Tyler Savage Board Chair | OfficerTrustee | 2 | $0 |
Matthew Everett Board Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,530 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,663 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,193 |
| Total Program Service Revenue | $106,839 |
| Investment income | $1,482 |
| 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 | $202,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,011 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $65,399 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,962 |
| Office expenses | $11,725 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,869 |
| All other expenses | $24,318 |
| Total functional expenses | $150,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,522 |
| Savings and temporary cash investments | $165,842 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $190,364 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $190,364 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $190,364 |
Grants Awarded
Over the last fiscal year, Eagle Mountain Chamber Of Commerce has awarded $56,800 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
KNOWLEDGE EXPLORERS PRESCHOOL | | | $10,000 |
FULL OF PEPPER | | | $10,000 |
JULIANA LINDSAY | | | $9,700 |
SOM TUM | | | $7,700 |
FLOORING SIMPLE | | | $7,700 |
BLUE SKY CONSULTING | | | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associated General Contractors Of America Idaho Branch Inc Boise, ID | $5,516,442 | $2,334,695 |
Turner Ditch Co Paonia, CO | $13,591 | $488,551 |
Retired Public Employees Of Nevada Carson City, NV | $706,917 | $636,486 |
Holbrook Mutual Irrigating Company 202 Lincoln Sq Prof Bldg Cheraw, CO | $531,299 | $260,494 |
Walden Meadows Comm Co-Op Kirkland, AZ | $486,475 | $256,321 |
Organization Of Chinese Americans Inc Denver, CO | $57,777 | $0 |
Eagle Mountain Chamber Of Commerce Eagle Mountain, UT | $190,364 | $202,514 |
Arizona Pest Professional Organization Tempe, AZ | $316,494 | $171,881 |
Nellis Area Spouses Club Charitable Association Nellis Afb, NV | $43,163 | $0 |
Central Az Chapter Of Certified Commercial Investment Member Assn Phoenix, AZ | $36,538 | $0 |
Funeral Consumers Alliance Of Arizona Inc Tucson, AZ | $24,347 | $0 |
Retired Public Employees Of New Mexico Albuquerque, NM | $136,213 | $0 |