Salt Lake Chamber Foundation
- Assets
- $542.9k
- Revenue
- $117.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 11/1998
- Data as of
- 06/2022
- EIN
- 84-1415808
Organization Overview
Salt Lake Chamber Foundation is located in Salt Lake City, UT. The organization was established in 1998. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salt Lake Chamber Foundation 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 06/2022, Salt Lake Chamber Foundation generated $117.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $182.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Salt Lake Chamber Foundation has awarded 114 individual grants totaling $798,110. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND WORKFORCE DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATEWIDE PUBLIC EDUCATION AND AWARENESS CAMPAIGN, RELATING TO COVID SAFETY PROTOCOLS. KEEPING EMPLOYEES AND CUSTOMERS SAFE USING CDC GUIDELINES OF SAFETY WITH THE GOAL OF HAVING BUSINESS BE ABLE TO CONTINUE TO SERVE THE PUBLIC.
PROVIDE EDUCATION TO BUSINESS LEADERS AND EMPLOYEES RANGING FROM EDUCATING SMALL AND START-UP BUSINESS ENTREPRENEURS IN ALL ASPECTS OF STARTING UP AND RUNNING A BUSINESS TO PROVIDING EDUCATION PROGRAMS TRAINING BUSINESS LEADERS ON PUBLIC ISSUES. PROVIDING SUPPORT TO THE UNIVERSITY OF UTAH'S KEM GARDNER POLICY INSTITUTE WHO PROVIDE ECONOMIC DATA AND ANALYSIS WHICH ENABLES LOCAL GOVERNMENT AND BUSINESS LEADERS TO MAKE WISE DECISIONS BASED ON ECONOMIC DATA. THE INSTITUTE PROVIDES REGULAR UPDATES AND HIGHLIGHTS TO LOCAL BUSINESS LEADERS ON ECONOMIC TRENDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Miller President & | OfficerTrustee | 2 | $0 |
Heidi Walker COO | Officer | 2 | $0 |
Daniel Brimhall CFO | Officer | 2 | $0 |
Lloyd Allen Board Member | Trustee | 1 | $0 |
Nathan Callister Board Member | Trustee | 1 | $0 |
Amanda Covington Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,500 |
| Total Program Service Revenue | $0 |
| Investment income | $216 |
| 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 | $117,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,135 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,000 |
| Advertising and promotion | $132,854 |
| Office expenses | $121 |
| 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 | $0 |
| All other expenses | $333 |
| Total functional expenses | $181,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,907 |
| Savings and temporary cash investments | $0 |
| 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 | $542,907 |
| Accounts payable and accrued expenses | $1,300 |
| 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 | $111 |
| Total liabilities | $1,411 |
| Net assets without donor restrictions | $541,496 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $542,907 |
Grants Awarded
Over the last fiscal year, Salt Lake Chamber Foundation has awarded $34,010 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
URBAN FOOD CONNECTIONS OF UTAH PURPOSE: FOOD RELATED EDUC. | $10,000 |
SALT LAKE AREA CHAMBER OF COMMERCE PURPOSE: LEADERSHIP TRAINING | $9,500 |
SALT LAKE COMMUNITY COLLEGE PURPOSE: VETERANS JOB FAIR | $14,510 |