Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,360,664

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $2,044 · excluded $2,044

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $119,500 · program services $119,500

• 2 · Grants to domestic individuals

  total $0 · program services $0

• 3 · Grants to foreign organizations and individuals

  total $0 · program services $0

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $0 · program services $0

• 6 · Compensation of disqualified persons

  total $0 · program services $0

• 7 · Other salaries and wages

  total $35,612 · program services $32,806 · management and general $2,806

• 9 · Other employee benefits

  total $4,131 · program services $3,713 · management and general $418

• 10 · Payroll taxes

  total $2,725 · program services $2,514 · management and general $211

• 11c · Fees: accounting

  total $5,700 · management and general $5,700

• 11g · Fees: other

  total $98,101 · program services $98,000 · management and general $101 · fundraising $0

• 12 · Advertising and promotion

  total $33,410 · program services $33,410

• 13 · Office expenses

  total $16,608 · program services $16,608

• 14 · Information technology

  total $5,711 · program services $5,711

• 16 · Occupancy

  total $5,220 · program services $4,705 · management and general $515

• 19 · Conferences, conventions and meetings

  total $3,917 · program services $3,917

• 24a · Other expenses: Supplies

  total $521 · program services $446 · management and general $75

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $671,418 · end of year $1,735,318

• 4 · Accounts receivable

  end of year $167,138

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 10a · Land, buildings and equipment: cost or other basis

  $1,780

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,780

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $0 · end of year $39,257

• 17 · Accounts payable and accrued expenses

  end of year $23,781

• 19 · Deferred revenue

  end of year $29,250

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $1 · end of year $35,538

• 27 · Net assets without donor restrictions

  beginning of year $671,417 · end of year $1,853,144

The filer's explanations (Part III)

Schedule J, Part I, Line 3 RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION

THE SALT LAKE AREA CHAMBER USES A COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, AND COMPENSATION SURVEY/STUDY. THE COMPENSATION COMMITTEE IS AUTHORIZED BY THE BOARD TO SET AND APPROVE CEO COMPENSATION.