Silicon Slopes Commons
- Assets
- $99.5k
- Revenue
- $91.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Lehi, UT
- Founding
- 04/1991
- Data as of
- 12/2021
- EIN
- 87-0482975
Organization Overview
Silicon Slopes Commons is located in Lehi, UT. The organization was established in 1991. According to its NTEE Classification (U41) the organization is classified as: Computer Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silicon Slopes Commons 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 12/2021, Silicon Slopes Commons generated $91.7k 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 (33.1%) each year. All expenses for the organization totaled $248.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (24.2%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF UTC IS TO PROMOTE THE GROWTH OF UTAH'S INFORMATION & TECHNOLOGY INDUSTRY. UTC SERVES ITS MEMBERS IN SEVERAL WAYS INCLUDING: CEO ROUNDTABLES, HALL OF FAME EVENTS, INTERNET TECHNOLOGY SUMMITS, AND INDUSTRY LUNCHEONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXECUTIVE P2P FORUMS ARE HELD THROUGHOUT THE YEAR WITH CEO'S AND EXECUTIVES FROM THE INFORMATION TECHNOLOGY INDUSTRY. THE FORUMS PROVIDE FEEDBACK THAT WILL INCREASE THE TECHNOLOGY BUSINESS ENVIRONMENT IN UTAH. THERE ARE APPROXIMATELY 32 P2P FORUMS HELD THROUGHOUT THE YEAR.
THE UTC HALL OF FAME HONORS INDIVIDUALS WITH UTAH TIES THAT HAVE MADE SIGNIFICANT IMPACTS TO THE TECHNOLOGY INDUSTRY. THE MEETING ENCOURAGES UTC MEMBERS TO BE MORE ACTIVE IN IMPROVING THE TECHNOLOGY INDUSTRY WITHIN UTAH THROUGH INCREASED CAPITAL, MANAGEMENT TALENT, AND IMPROVED BUSINESS ENVIROMENT.
EDUCATIONAL AND OTHER NETWORKING EVENTS.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Converse Dir. Of Oper | Officer | 40 | $124,951 |
Clint Betts Exec. Direct | OfficerTrustee | 1 | $0 |
Carine Clark Chair | Trustee | 1 | $0 |
Jeremy Andrus Trustee | Trustee | 1 | $0 |
Dave Elkington Trustee | Trustee | 1 | $0 |
Josh James Trustee | 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 | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $86,694 |
| 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 | $91,694 |
| 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. | $124,951 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $6,177 |
| Other employee benefits | -$122 |
| Payroll taxes | $10,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,573 |
| Fees for services: Lobbying | $55,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,584 |
| Advertising and promotion | $4,085 |
| Office expenses | $3,090 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $483 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,275 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,619 |
| Insurance | $4,328 |
| All other expenses | $0 |
| Total functional expenses | $248,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,577 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,575 |
| 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 | $11,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $99,473 |
| Accounts payable and accrued expenses | $249 |
| Grants payable | $0 |
| Deferred revenue | $76,720 |
| 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 | $230,582 |
| Total liabilities | $307,551 |
| Net assets without donor restrictions | -$208,078 |
| 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 | $99,473 |
Grants Awarded
Over the last fiscal year, Silicon Slopes Commons has awarded $80,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BIOUTAH PURPOSE: FUND NONPROFIT | $50,000 |
Lehi, UT PURPOSE: FUND NONPROFIT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Waterford Institute Inc Taylorsville, UT | $69,642,790 | $58,080,601 |
The Freebsd Foundation Boulder, CO | $5,820,163 | $1,422,525 |
Silicon Slopes Commons Lehi, UT | $99,473 | $91,694 |
Roaring Fork Computer Society Dba Rofnet Glenwood Springs, CO | $0 | $0 |
Strong Ties Peoria, AZ | $0 | $0 |
Utah First- For Inspiration And Recognition Of Science And Technol Salt Lake City, UT | $71,460 | $0 |
Effectivesc Golden, CO | $727,866 | $510 |
Jano Foundation Henderson, NV | $143 | $533 |