Utah Retail Merchants Association
- Assets
- $250.5k
- Revenue
- $228.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Murray, UT
- Founding
- 05/1963
- Data as of
- 04/2022
- EIN
- 87-0265625
Organization Overview
Utah Retail Merchants Association is located in Murray, UT. The organization was established in 1963. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Retail Merchants Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 04/2022, Utah Retail Merchants Association generated $228.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $72.8k during the year ending 04/2022. While expenses have increased by 2.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVISE MEMBERSHIP BY BULLETIN AND THROUGH MEETINGS OF RULES, REGULATION AND LAWS AFFECTING THEIR BUSINESSES. TO REPRESENT THE MEMBERSHIP AT HEARINGS AND MEETINGS ON ISSUES THAT AFFECT THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTED MEMBERS AT HEARINGS AND MEETINGS ON MATTERS THAT AFFECT THEM IN THE RETAIL INDUSTRY. ADVISED MEMBERS ON LAWS, RULES, AND REGULATIONS WHICH WILL HAVE AN IMPACT ON THEIR RETAIL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Davis President | Officer | 0.15 | $0 |
Sally West Bd Of Direct | Trustee | 0.15 | $0 |
Karin Holt Bd Of Direct | Trustee | 0.15 | $0 |
Rebecca Butler Bd Of Direct | Trustee | 0.15 | $0 |
Opio Dupree Bd Of Direct | Trustee | 0.15 | $0 |
Kent Wilson Chairman | Trustee | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $215,991 |
| Investment income | $2,941 |
| 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 | $228,932 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,113 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $72,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,563 |
| Savings and temporary cash investments | $98,602 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,905 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $478 |
| Total assets | $250,548 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $10,740 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,740 |
| Net assets without donor restrictions | $239,808 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $250,548 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Society Of Certified Public Accountants Englewood, CO | $3,772,280 | $3,880,058 |
Arizona Society Of Certified Public Accountants Phoenix, AZ | $5,315,175 | $3,081,125 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Salt Lake City, UT | $4,321,391 | $2,905,600 |
Wyoming Contractors Association Inc Cheyenne, WY | $5,490,985 | $2,044,065 |
Arizona Chapter Of Associated General Contractors Of America Inc Phoenix, AZ | $1,729,061 | $1,729,503 |
Utah Association Of Certified Public Accountants Salt Lake City, UT | $2,773,323 | $1,167,635 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Colorado Springs, CO | $5,551,328 | $1,495,151 |
Nevada Contractors Association Las Vegas, NV | $480,112 | $1,077,185 |
Arizona Trucking Association Inc Tolleson, AZ | $2,047,817 | $1,367,971 |
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Arizona Womens Business Enterprise Council Mesa, AZ | $2,956,465 | $1,981,727 |
Nevada Builders Alliance Carson City, NV | $1,586,428 | $1,078,190 |