Utah Sports Commission
- Assets
- $10.4m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 08/2000
- Data as of
- 09/2021
- EIN
- 87-0650627
Organization Overview
Utah Sports Commission is located in Salt Lake City, UT. The organization was established in 2000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Sports Commission 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 09/2021, Utah Sports Commission generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $4.2m during the year ending 09/2021. While expenses have increased by 13.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE UTAH SPORTS COMMISSION IS GOVERNED BY AN ALL-VOLUNTEER BOARD OF TRUSTEES CONSISTING OF STATEWIDE SPORTS, BUSINESS AND COMMUNITY LEADERS CREATED TO FOSTER NATIONAL AND INTERNATIONAL SPORTS EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPORTS PROMOTION AND MARKETING - THE SPORTS COMPETITIONS AND EVENTS THAT THE UTAH SPORTS COMMISSION PARTNERS WITH SERVE AS VALUABLE ECONOMIC IMPACT AND IMAGE BUILDING DRIVERS, ESPECIALLY THOSE THAT PROVIDE NATIONAL AND INTERNATIONAL TELEVISION EXPOSURE. BY SHOWCASING UTAH'S AWE-INSPIRING LANDSCAPES TO A BROAD AUDIENCE, THE ORGANIZATION MORE EFFECTIVELY TARGETS KEY TOURISM DEMOGRAPHICS THROUGH STRATEGIC ADVERTISEMENTS, BRAND ASSOCIATIONS, AND CALLS TO ACTION. ADDITIONALLY, BECAUSE MAJOR SPORTS COMPETITIONS TEND TO BE FOLLOWED BY SIGNIFICANT TELEVISION COVERAGE, DIGITAL, SOCIAL, AND OTHER MEDIA ASSETS, THE ORGANIZATION ACTIVELY PURSUES THESE TYPES OF EVENTS AS PART OF ITS MARKETING AND BRANDING STRATEGY. BY LEVERAGING THE MEDIA ASSETS ASSOCIATED WITH SOME OF THE WORLD'S MOST PRE-EMINENT SPORTING EVENTS, THE ORGANIZATION IS BETTER ABLE TO PROMOTE AND BRAND UTAH AS, "UTAH: THE STATE OF SPORT," WHILE CEMENTING UTAH'S STATUS AS A PREMIER DESTINATION FOR WORLD CLASS INTERNATIONAL, NATIONAL, AND OLYMPIC RELATED SPORTS COMPETITIONS.
SPORTS AWARDS AND SPONSORSHIPS - THE SPORTS AWARDS AND SPONSORSHIP PROGRAM IS DESIGNED TO ATTRACT, RETAIN, AND GROW NATIONAL AND INTERNATIONAL PROFESSIONAL SPORTS COMPETITIONS THAT TAKE PLACE WITHIN THE STATE OF UTAH. SPONSORSHIP IS PROVIDED TO EVENTS THAT GENERATE SIGNIFICANT ECONOMIC IMPACT, MEDIA EXPOSURE, AND/OR ARE OF STRATEGIC IMPORTANCE IN POSITIONING THE STATE FAVORABLY IN A PARTICULAR SPORTS DISCIPLINE, CATEGORY, OR GENRE.
UTAH OLYMPIC LEGACY AND RELATED EFFORTS - THE GOVERNOR AND THE UTAH STATE LEGISLATURE HAVE ENCOURAGED THE UTAH SPORTS COMMISSION TO ASSIST WITH THE STATE'S OLYMPIC BID AND EXPLORATION EFFORTS. THE ORGANIZATION HAS MAINTAINED A LONG RUNNING FOCUS ON LANDING EVENTS THAT BUILD ON UTAH'S OLYMPIC LEGACY AND POSITION THE STATE FAVORABLY WITH KEY OLYMPIC CONSTITUENCIES AS IT LOOKS TO HOST ANOTHER OLYMPIC WINTER GAMES. THE UTAH SPORTS COMMISSION, THE STATE OF UTAH, AND ITS MANY PARTNERS HAVE MAINTAINED AND SUCCESSFULLY EXECUTED ON A COMPREHENSIVE STRATEGY THAT HAS LEFT UTAH UNIQUELY POSITIONED AS "READY, WILLING, AND ABLE" TO HOST ANOTHER OLYMPIC WINTER GAMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Adams Vice Chair | OfficerTrustee | 0.3 | $0 |
Brad Wilson Co-Chair | OfficerTrustee | 0.3 | $0 |
Jim Sorenson Vice Chair | OfficerTrustee | 0.15 | $0 |
David Simmons Co-Chair | OfficerTrustee | 0.75 | $0 |
Jeff Robbins President & | OfficerTrustee | 2.75 | $0 |
Peter Mouskondis Treasurer | OfficerTrustee | 0.15 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,477,280 |
| Investment income | $3,829 |
| 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 | $6,481,109 |
| 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. | $19,828 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,264 |
| Pension plan accruals and contributions | $7,924 |
| Other employee benefits | $0 |
| Payroll taxes | $12,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $515 |
| Fees for services: Accounting | $18,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,000 |
| Advertising and promotion | $526,913 |
| Office expenses | $8,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,301 |
| Travel | $1,739 |
| 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 | $1,487 |
| Insurance | $20,503 |
| All other expenses | $0 |
| Total functional expenses | $4,200,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,884,740 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,477,280 |
| 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 | $10,362,020 |
| Accounts payable and accrued expenses | $233,131 |
| 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 | $2,845,060 |
| Total liabilities | $3,078,191 |
| Net assets without donor restrictions | $806,549 |
| Net assets with donor restrictions | $6,477,280 |
| 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 | $10,362,020 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Utah Sports Commission has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
John And Marcia Price Family Foundation Salt Lake City, UT PURPOSE: PROGRAM SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain States Employers Council Inc Denver, CO | $41,916,661 | $36,504,782 |
Vail Valley Foundation Inc Avon, CO | $22,993,237 | $18,789,291 |
Scrum Alliance Inc Westminster, CO | $46,979,666 | $21,000,085 |
Investment Management Consultants Assn Inc Greenwood Village, CO | $30,192,603 | $13,414,601 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
International Association Of Certified Home Inspectors Boulder, CO | $7,671,295 | $15,005,233 |
International Association For The Study Of Lung Cancer Denver, CO | $23,299,078 | $13,685,313 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Financial Planning Association Denver, CO | $6,740,399 | $8,225,248 |
Supima Tempe, AZ | $14,183,773 | $7,283,999 |
Lake Tahoe Visitors Authority Inc Stateline, NV | $11,099,919 | $7,709,043 |
The Greater Colorado Springs Chamber And Edc Colorado Springs, CO | $2,246,029 | $6,426,509 |