Utah Restaurant Association
- Assets
- $1.3m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Salt Lake City, UT
- Founding
- 09/1973
- Data as of
- 05/2024
- EIN
- 87-0299605
Organization Overview
Utah Restaurant Association is located in Salt Lake City, UT. The organization was established in 1973. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 05/2024, Utah Restaurant Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Restaurant Association 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 05/2024, Utah Restaurant Association generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $899.9k during the year ending 05/2024. While expenses have increased by 0.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING AND PROMOTION OF THE RESTAURANT INDUSTRY IN UTAH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES RESOURCES (VIDEOS, CD'S, STUDY GUIDES), TRAINING AND TESTING FOR RESTAURANT MANAGERS, TEACHERS AND STUDENTS IN THE STATE OF UTAH
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $151,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $461,175 |
| 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 | $612,175 |
| Total Program Service Revenue | $276,399 |
| Investment income | $27,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $75,743 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,018,287 |
| 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. | $106,100 |
| Compensation of current officers, directors, key employees. | $106,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,740 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,000 |
| Payroll taxes | $14,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,875 |
| Fees for services: Accounting | $5,950 |
| Fees for services: Lobbying | $66,268 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,651 |
| Advertising and promotion | $417,620 |
| Office expenses | $47,568 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,003 |
| Travel | $22,032 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,145 |
| Interest | $334 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,152 |
| Insurance | $10,589 |
| All other expenses | $192 |
| Total functional expenses | $899,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $778,298 |
| Savings and temporary cash investments | $257,431 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $224,498 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $1,285,525 |
| Accounts payable and accrued expenses | $121,228 |
| 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 | $121,228 |
| Net assets without donor restrictions | $1,164,297 |
| 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 | $1,285,525 |