Sandy Area Chamber Young Entrepreneurs Academy
- Assets
- $27.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sandy, UT
- Founding
- 01/2015
- Data as of
- 12/2018
- EIN
- 47-1686339
Organization Overview
Sandy Area Chamber Young Entrepreneurs Academy is located in Sandy, UT. The organization was established in 2015. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sandy Area Chamber Young Entrepreneurs Academy 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 12/2018, Sandy Area Chamber Young Entrepreneurs Academy generated $30.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (33.6%) each year. All expenses for the organization totaled $42.5k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
THE YOUNG ENTREPRENEURS ACADEMY OFFERS CLASSES THAT TAKE STUDENTS 11-18 YEARS OF AGE THROUGH THE PROCESS OF BRAINSTORMING A BUSINESS IDEA, WRITING A BUSINESS PLAN, PITCHING THE PLAN TO INVESTORS, OBTAINING FUNDING AND LAUNCHING A REAL BUSINESS. THIS PROCESS TRAINS FUTURE BUSINESS LEADERS AND HELPS THEM ESTABLISH STRONG, LASTING RELATIONSHIPS WITH THEIR HOMETOWN BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Barnes Director | 0.02 | $0 | |
Brent Andersen Director | 0.02 | $0 | |
Nathan Anderson Chairman | 0.02 | $0 | |
Nate Boyer Director | 0.02 | $0 | |
Dr James Briscoe Director | 0.02 | $0 | |
Robert Brough Vice Chair | 0.02 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,505 |
| Total Program Service Revenue | $100 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $30,605 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,281 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $12 |
| Other expenses | $17,130 |
| Total expenses | $42,473 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,386 |
| Other assets | $0 |
| Total assets | $27,886 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,886 |