Business Training & Resource Center
- Assets
- $964.2k
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Orem, UT
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 46-4634013
Organization Overview
Business Training & Resource Center, operating under the name Impact Utah, is located in Orem, UT. The organization was established in 2015. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Impact Utah employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Utah is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Impact Utah generated $4.0m in total revenue. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 270.2% per year over the past 4 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
PROVIDER OF BUSINESS TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE WORKED WITH 123 CLIENT MANUFACTURING ESTABLISHMENTS OF WHICH 98 WERE LOCATED IN URBAN COUNTIES AND 25 WERE IN RURAL COUNTIES. THE DIRECT EFFECT OF OUR WORK WAS THE EQUIVALENT OF 1009 JOBS AND OVER $270 MILLION IN SALES FOR 2021.THE TOTAL IMPACTS ARE THE DIRECT EFFECT PLUS THE INDIRECT AND INDUCED EFFECTS. THIS IS 2645 JOBS, $160.7 MILLION IN EMPLOYMENT WAGES, $718.3 MILLION IN OUTPUT OR SALES AND $13.8 MILLION IN STATE AND LOCAL TAXES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Haertel Trustee | OfficerTrustee | 1 | $0 |
Theodore Kimball Trustee | Trustee | 1 | $0 |
Thomas Stringham Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,995,549 |
| 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 | $3,995,549 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $3,995,549 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,693,681 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $525,081 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,475 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $181,940 |
| Office expenses | $0 |
| Information technology | $159,392 |
| Royalties | $0 |
| Occupancy | $136,527 |
| Travel | $59,893 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,432 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,313,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600,645 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,447 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $236,340 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $53,728 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,060 |
| Total assets | $964,220 |
| Accounts payable and accrued expenses | $49,289 |
| Grants payable | $209,657 |
| 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 | $43,795 |
| Other liabilities | $0 |
| Total liabilities | $302,741 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $661,479 |
| Total liabilities and net assets/fund balances | $964,220 |
Grants Awarded
Over the last fiscal year, Business Training & Resource Center has awarded $60,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SYBERJET AIRCRAFT PURPOSE: PURCHASE LASER TRACKER FOR TOLERANCE TES | $30,000 |
ALLOYED SOLUTIONS PURPOSE: PRODUCT DEVELOPMENT | $20,000 |
CERUS GEAR LLC PURPOSE: WEBSITE DEVELOPMENT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Regional Examining Board Phoenix, AZ | $0 | $7,805,212 |
The Better Business Bureau Inc Phoenix, AZ | $11,570,437 | $16,919,340 |
Mountain West Small Business Finance Salt Lake City, UT | $11,137,576 | $7,876,705 |
Denver Area Better Business Bureau Inc Inc Denver, CO | $0 | $3,899,799 |
Business Training & Resource Center Orem, UT | $964,220 | $3,995,549 |
Blue Stakes Of Utah Utility Notification Center Inc South Jordan, UT | $5,829,969 | $3,634,307 |
Worldatwork Society Of Certified Professionals Scottsdale, AZ | $12,717,541 | $3,104,582 |
Scottsdale Charros Inc Scottsdale, AZ | $769,007 | $2,658,140 |
Better Business Bureau Of Northern Colorado Inc Fort Collins, CO | $3,156,578 | $2,378,907 |
Better Bisiness Bureau Serving Northern Nevada And Utah Inc Salt Lake City, UT | $1,961,659 | $2,268,146 |
National Association Of State Contractors Licensing Agencies Phoenix, AZ | $6,030,868 | $2,815,076 |
Nevada State Development Corporation Las Vegas, NV | $2,571,893 | $1,752,210 |