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Nonprofiteer
← SOUTH VALLEY CHAMBER

Form 990 for tax year 2023

Filed by SOUTH VALLEY CHAMBER.

Totals

Total revenue
$1,203,507
Total expenses
$931,325
Contributions and grants received
$88,350
Grants paid
$626
Program service revenue
$1,084,765
Investment income
$30,392
Other revenue
$0
Total assets, end of year
$1,226,275
Total liabilities, end of year
$247,494
Net assets or fund balances, end of year
$978,781
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.

  • 1d · Related organizations

    $88,350

  • 2a · Program service revenue: SPECIAL EVENTS

    total $434,134 · related or exempt $434,134

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $388,240 · related or exempt $388,240

  • 2c · Program service revenue: ADMINISTRATION FEES

    total $192,871 · related or exempt $192,871

  • 2d · Program service revenue: BUSINESS PROGRAM FEES

    total $69,520 · related or exempt $69,520

  • 3 · Investment income

    total $29,992 · excluded $29,992

  • 7a · Gross sales of assets other than inventory

    other assets $400

  • 7c · Gain or loss

    other assets $400

  • 7d · Net gain or loss

    total $400 · excluded $400

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $626

  • 5 · Compensation of officers, directors and key employees

    total $125,650

  • 7 · Other salaries and wages

    total $292,978

  • 9 · Other employee benefits

    total $8,154

  • 10 · Payroll taxes

    total $34,585

  • 11c · Fees: accounting

    total $42,191

  • 11g · Fees: other

    total $76,378

  • 12 · Advertising and promotion

    total $35,088

  • 13 · Office expenses

    total $35,415

  • 14 · Information technology

    total $30,553

  • 16 · Occupancy

    total $30,000

  • 17 · Travel

    total $706

  • 19 · Conferences, conventions and meetings

    total $9,390

  • 22 · Depreciation, depletion and amortization

    total $3,268

  • 23 · Insurance

    total $2,632

  • 24a · Other expenses: EVENT EXPENSES

    total $157,494

  • 24b · Other expenses: AWARDS, PRIZES, & GIFTS

    total $24,211

  • 24c · Other expenses: LEADERSHIP EXPENSES

    total $7,251

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $5,700

  • 24e · All other expenses

    total $9,055

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $796,691 · end of year $892

  • 2 · Savings and temporary cash investments

    beginning of year $32,421 · end of year $1,057,039

  • 4 · Accounts receivable

    beginning of year $58,908 · end of year $167,402

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

    $13,233

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

    $12,291

  • 10c · Land, buildings and equipment, net

    beginning of year $483 · end of year $942

  • 17 · Accounts payable and accrued expenses

    beginning of year $181,904 · end of year $165,344

  • 19 · Deferred revenue

    end of year $82,150

  • 31 · Retained earnings, endowment or other funds

    beginning of year $706,599 · end of year $978,781

Mission and programs · 2023

Mission

CONNECT. EDUCATE. ADVOCATE. GROW. WE ACCOMPLISH THIS THROUGH OUR SOUTH VALLEY BUSINESS INSTITUTE COURSES, NETWORKING EVENTS, FORUMS, AND ADVOCACY EFFORTS. THE SOUTH VALLEY CHAMBER IS DEDICATED TO HELPING YOU ACHIEVE YOUR HIGHEST LEVEL OF SUCCESS. WE WORK TIRELESSLY TO CREATE AND MAINTAIN A VIBRANT BUSINESS ECOSYSTEM THAT BEST SUPPORTS ONGOING BUSINESS GROWTH, COLLABORATION, AND JOB CREATION.

Activities or mission (Part I)

THE SANDY CHAMBER OF COMMERCE PROVIDES RESOURCES, NETWORKING, AND ADVOCACY TO BENEFIT AND INCREASE THE ECONOMIC PROSPERITY OF ITS MEMBERS AND COMMUNITY.

  • KEYBANK BUSINESS ACCELERATOR ACADEMY: THIS HANDS-ON, 10-WEEK PROGRAM, PROVIDES THE KNOWLEDGE AND KNOW-HOW BUSINESS OWNERS & CEOS NEED TO CREATE (AND MANAGE) A CUSTOMIZED, THREE-YEAR STRATEGIC GROWTH PLAN. GRADUATE COMPANIES EXPERIENCED A 29% ANNUAL REVENUE INCREASE, CREATED NEW JOBS, RETAINED JOBS AND SECURED NEW FINANCING.

  • BUSINESS INSTITUTE: (LEADSERSHIP SOUTH VALLEY, BOOT CAMP, EVERYDAY ENTREPRENEUR) THESE PROGRAMS OFFERS LEARNING OPPORTUNITIES TO BUSINESSES IN THE AREAS OF LEADERSHIP, DIGITAL MARKETING, FINANCES, SALES, INFORMATION TECHNOLOGY, AND ENTREPRENEURSHIP. THE PROGRAM HAD OVER 200 ATTENDEES FROM 65 COMPANIES.

  • EVENTS: THE ORGANIZATION HOSTED 65 EVENTS WITH OVER 3,000 ATTENDEES. THE EVENTS INCLUDED THE TITAN AWARDS, PEAK AWARDS, THREE GOLF TOURNAMENTS, BUSINESS AFTER HOURS, EXECUTIVE FORUMS, WOMEN IN BUSINESS LUNCHES, AND OTHER ACTIVITIES THAT PROVIDED NETWORKING, PROMOTION, AND COLLABORATION OPPORTUNITES FOR BUSINESSES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jay Francis

    PRESIDENT

    Total calculated
    $125,650
    From this org
    $125,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Rob Brough

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Nathan Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Scott Westra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Heather Curtis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Silvester

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Josh Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jim Swayze

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Liza Hart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Judy Cullen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Quinn Dietlein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steven Goaslind

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Darla Gill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Kimball

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Corey Machen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jason McGee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rick Robbins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tim Sheehan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ryan Simmons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nate Sorenseon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Trent Staggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tiffeny Yen-Louie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matt Calton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Alan Matheson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Drew Clarke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bahar Ferguson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stephen Foxley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brian Epperson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Dobbins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shane Pace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Scott Cuthbertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tim Tingey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dustin Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Troy Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marci Houseman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Andy Pierucci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shawn Newell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ryan Mecham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anthony Godfrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lorie Fowlke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Justin Anthony

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark Welker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mandee McCaleb Grant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Alex Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

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.

  • SV CHAMBER YOUNG ENTREP ACADEMY

    501C3 · ACADEMY · UT

    Directly controlled by SV CHAMBER

  • SV CHAMBER ECONOMIC DEV FOUNDATION

    501C3 · ECON DEV · UT

    Directly controlled by SV CHAMBER

Provenance

Return type
form_990
Tax year
2023
Filed
20 February 2024
IRS schema version
2023v4.0
Source object
202410669349300036

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