Silicon Slopes Commons
- Assets
- $84.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Lehi, UT
- Founding
- 04/1991
- Data as of
- 12/2022
- 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 12/2022, Silicon Slopes Commons generated $51.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (34.5%) each year. All expenses for the organization totaled $18.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (43.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
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
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.
N/A
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clint Betts Exec. Direct | 1 | $0 | |
Carine Clark Chair | 1 | $0 | |
Jeremy Andrus Trustee | 1 | $0 | |
Dave Elkington Trustee | 1 | $0 | |
Johnny Hanna Trustee | 1 | $0 | |
Josh James Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $13,145 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $38,300 |
| Total Revenue | $51,445 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,072 |
| Professional fees and other payments to independent contractors | $517 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,484 |
| Total expenses | $18,073 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,312 |
| Other assets | $0 |
| Total assets | $84,276 |
| Total liabilities | $258,982 |
| Net assets or fund balances | -$174,706 |
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 |
UTAH TECH WORKFORCE FOUNDATION PURPOSE: FUND NONPROFIT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Freebsd Foundation Boulder, CO | $5,332,223 | $1,005,053 |
Roaring Fork Computer Society Dba Rofnet Glenwood Springs, CO | $0 | $0 |
Active Archive Alliance Westminster, CO | $96,786 | $0 |
Utah First- For Inspiration And Recognition Of Science And Technol Salt Lake City, UT | $141,932 | $0 |
Strong Ties Peoria, AZ | $28,224 | $0 |
Restore Together Global Education Network Denver, CO | $7,224 | $0 |
Silicon Slopes Commons Lehi, UT | $84,276 | $0 |
Effectivesc Golden, CO | $725,866 | $87 |
Jano Foundation Henderson, NV | $143 | $533 |
1d6 Foundation Casper, WY | $80,000 | $0 |