Northern Utah Economic Alliance
- Assets
- $426.0k
- Revenue
- $300.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Salt Lake City, UT
- Founding
- Data as of
- 06/2022
- EIN
- 85-2562220
Organization Overview
Northern Utah Economic Alliance is located in Salt Lake City, UT. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Northern Utah Economic Alliance employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Utah Economic Alliance 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 06/2022, Northern Utah Economic Alliance generated $300.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (46.7%) each year. All expenses for the organization totaled $496.0k during the year ending 06/2022. 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
TO PROMOTE QUALITY JOB GROWTH AND INCREASE CAPITAL INVESTMENT IN THE DAVIS AND WEBER COUNTY REGION OF NORTHERN UTAH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NUEA WAS FORMED TO GIVE DAVIS AND WEBER COUNTIES A STRONGER VOICE IN THE STATE'S ECONOMIC DEVELOPMENT. WITH OUR SHARE OF DEMOGRAPHICS, A UNIFIED VOICE MAKES SENSE, NOT ONLY FOR LOCAL CIVIC AND BUSINESS LEADERS, BUT FOR SITE SELECTORS AND COMPANIES LOOKING TO RELOCATE TO UTAH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Roybal President & | Officer | 40 | $138,398 |
Gage Froerer Commissioner Director/off | OfficerTrustee | 2 | $0 |
Theresa Foxley Director/off | OfficerTrustee | 2 | $0 |
Bob Stevenson Commissioner Director/off | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $300,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $300,000 |
| 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. | $153,291 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,491 |
| Pension plan accruals and contributions | $3,633 |
| Other employee benefits | $5,961 |
| Payroll taxes | $15,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,393 |
| Advertising and promotion | $94,051 |
| Office expenses | $8,568 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,196 |
| Travel | $21,891 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,236 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $496,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,997 |
| 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 | $425,997 |
| Accounts payable and accrued expenses | $32,740 |
| 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 | $32,740 |
| Net assets without donor restrictions | $393,257 |
| 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 | $425,997 |
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