Totals
- Total revenue
- $4,609,714
- Total expenses
- $4,614,182
- Contributions and grants received
- $4,216,713
- Grants paid
- $1,132,325
- Program service revenue
- $394,004
- Investment income
- -$1,003
- Other revenue
- $0
- Total assets, end of year
- $4,388,895
- Total liabilities, end of year
- $378,109
- Net assets or fund balances, end of year
- $4,010,786
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$1,629,639
-
1e · Government grants (contributions)
$2,559,865
-
1f · All other contributions, gifts and grants
$27,209
-
2a · Program service revenue: PROGRAM SERVICES
total $330,704 · related or exempt $330,704
-
2b · Program service revenue: TRADE MISSION
total $63,300 · related or exempt $63,300
-
3 · Investment income
total $101 · excluded $101
-
7b · Less cost or other basis and sales expenses
other assets $1,104
-
7c · Gain or loss
other assets -$1,104
-
7d · Net gain or loss
total -$1,104 · excluded -$1,104
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,132,325
-
5 · Compensation of officers, directors and key employees
total $667,141
-
7 · Other salaries and wages
total $1,130,381
-
8 · Pension plan contributions
total $48,027
-
9 · Other employee benefits
total $91,289
-
10 · Payroll taxes
total $234,611
-
11b · Fees: legal
total $32,576
-
11c · Fees: accounting
total $45,210
-
11g · Fees: other
total $111,420
-
12 · Advertising and promotion
total $145,659
-
13 · Office expenses
total $51,238
-
14 · Information technology
total $117,020
-
16 · Occupancy
total $60,266
-
17 · Travel
total $54,880
-
19 · Conferences, conventions and meetings
total $185,746
-
22 · Depreciation, depletion and amortization
total $21,933
-
23 · Insurance
total $2,238
-
24a · Other expenses: BAD DEBT EXPENSES
total $291,160
-
24b · Other expenses: TRADE MISSIONS
total $155,738
-
24c · Other expenses: MEMBERSHIP FEES
total $16,625
-
24d · Other expenses: PROFESSIONAL DEVELOPMENT
total $15,348
-
24e · All other expenses
total $3,351
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,813,731 · end of year $1,196,751
-
2 · Savings and temporary cash investments
beginning of year $416,350 · end of year $416,450
-
4 · Accounts receivable
beginning of year $1,523,273 · end of year $2,051,489
-
9 · Prepaid expenses and deferred charges
beginning of year $163,742 · end of year $200,301
-
10a · Land, buildings and equipment: cost or other basis
$244,526
-
10b · Land, buildings and equipment: accumulated depreciation
$41,934
-
10c · Land, buildings and equipment, net
beginning of year $39,017 · end of year $202,592
-
15 · Other assets
beginning of year $200,000 · end of year $321,312
-
17 · Accounts payable and accrued expenses
beginning of year $95,606 · end of year $358,545
-
19 · Deferred revenue
end of year $19,564
-
25 · Other liabilities
beginning of year $45,253
-
27 · Net assets without donor restrictions
beginning of year $2,537,306 · end of year $2,593,039
-
28 · Net assets with donor restrictions
beginning of year $1,477,948 · end of year $1,417,747
Mission and programs · 2022
Mission
WORLD TRADE CENTERUTAHACCELERATES GROWTH FOR UTAH COMPANIES THROUGH OUR GLOBAL NETWORKS, PROGRAMS, AND SERVICES.
-
WORLD TRADE CENTER UTAH LEADS UTAH'S INTERNATIONAL BUSINESS DEVELOPMENT AND ELEVATES UTAH'S GLOBAL STATUS TO PROMOTE PROSPERITY AND BUILD ECONOMIC RESILIENCE. WTC UTAH ACCOMPLISHES THIS MISSION BY PURSUING THREE KEY OBJECTIVES: 1) EMPOWER UTAH BUSINESSES TO EXPAND INTERNATIONAL SALES TO INCREASE REVENUE AND CREATE JOBS, 2) ATTRACT FOREIGN INVESTMENT AND FACILITATE INTERNATIONAL PARTNERSHIPS TO FUEL INNOVATION AND BUSINESS DEVELOPMENT, AND 3) MOBILIZE TEAM UTAH'S INTERNATIONAL ENGAGEMENT TO ELEVATE UTAH'S GLOBAL STATUS.
As filed on the 2022 return.
Listed in Part VII
-
Miles HansenMILES HANSEN
PRESIDENT &
- Total calculated
- $327,205
- From this org
- $296,615
- From related orgs
- $0
- Other
- $30,590
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $221,615
- Bonus
- $75,000
- Other
- not reported
- Deferred
- $12,137
- Nontaxable benefits
- $18,453
- Filer's total
- $327,205
-
Aaron StarksAARON STARKS
CRO
- Total calculated
- $200,173
- From this org
- $177,792
- From related orgs
- $0
- Other
- $22,381
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,459
- Bonus
- $23,333
- Other
- not reported
- Deferred
- $7,242
- Nontaxable benefits
- $15,139
- Filer's total
- $200,173
-
Jennifer NakaoJENNIFER NAKAO
CFO
- Total calculated
- $139,763
- From this org
- $122,246
- From related orgs
- $0
- Other
- $17,517
- Hours/week
- 40
-
Tiffeny Yen-LouieTIFFENY YEN-LOUIE
CMO
- Total calculated
- $132,372
- From this org
- $126,017
- From related orgs
- $0
- Other
- $6,355
- Hours/week
- 40
-
David CarlebachDAVID CARLEBACH
COO
- Total calculated
- $132,039
- From this org
- $103,425
- From related orgs
- $0
- Other
- $28,614
- Hours/week
- 40
-
Scott AndersonSCOTT ANDERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lew CramerLEW CRAMER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Natalie GochnourNATALIE GOCHNOUR
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dan HemmertDAN HEMMERT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jon Huntsman JrJON HUNTSMAN JR
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rich LambertRICH LAMBERT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Missy LarsenMISSY LARSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Derek MillerDEREK MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
MENA GROUP LLC
$25,000
TRADE PROMOTION
-
ROMARIC AUTOMATION DESIGN INC
$25,000
TRADE PROMOTION
-
UPLIFT AEROSPACE LLC
$18,000
TRADE PROMOTION
-
HAND OUT GLOVES LLC
$16,250
TRADE PROMOTION
-
DIACOR INC
$15,000
TRADE PROMOTION
-
PMD BEAUTY
$15,000
TRADE PROMOTION
-
SAWTOOTH TONNEAU LLC
$15,000
TRADE PROMOTION
-
TORO DESIGN AND MANUFACTURING LLC
$15,000
TRADE PROMOTION
-
CBC BEVCO
$13,200
TRADE PROMOTION
-
CSS COMPOSITES LLC
$12,575
TRADE PROMOTION
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
WORLD TRADE CENTER UTAH FOUNDATION
501C3 · CHARITABLE · UT · controlled entity
Directly controlled by UT WTC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349327389
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.