Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $627,660

• 1f · All other contributions, gifts and grants

  $162,700

• 2f · All other program service revenue

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

• 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 $195,120 · program services $195,120

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $11,111 · program services $11,111

• 7 · Other salaries and wages

  total $201,387 · program services $201,387

• 9 · Other employee benefits

  total $8,248 · program services $8,248

• 10 · Payroll taxes

  total $12,453 · program services $12,453

• 11c · Fees: accounting

  total $2,100 · management and general $2,100

• 11g · Fees: other

  total $52,294 · program services $51,700 · management and general $594 · fundraising $0

• 12 · Advertising and promotion

  total $13,171 · program services $13,171

• 13 · Office expenses

  total $21,088 · program services $19,921 · management and general $1,167

• 14 · Information technology

  total $47,148 · program services $46,476 · management and general $672

• 16 · Occupancy

  total $18,140 · program services $17,800 · management and general $340

• 17 · Travel

  total $4,299 · program services $4,299

• 19 · Conferences, conventions and meetings

  total $10,284 · program services $10,284

• 22 · Depreciation, depletion and amortization

  total $1,272 · program services $1,272

• 23 · Insurance

  total $3,471 · management and general $3,471

• 24a · Other expenses: Visual Arts Installations

  total $87,934 · program services $87,934

• 24b · Other expenses: Equipment Rental & Repairs

  total $4,641 · management and general $4,641

• 24c · Other expenses: Supplies

  total $1,361 · management and general $1,361

• 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 $202,609 · end of year $380,607

• 4 · Accounts receivable

  beginning of year $13,000 · end of year $467

• 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

• 9 · Prepaid expenses and deferred charges

  beginning of year $53,067 · end of year $3,533

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

  $12,531

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

  $12,531

• 10c · Land, buildings and equipment, net

  beginning of year $1,272 · 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 $0

• 17 · Accounts payable and accrued expenses

  beginning of year $5,301 · end of year $11,968

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $38,423 · end of year $51,577

• 27 · Net assets without donor restrictions

  beginning of year $226,224 · end of year $210,940

• 28 · Net assets with donor restrictions

  end of year $110,122

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.