South Valley Chamber
- Assets
- $672.5k
- Revenue
- $946.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Sandy, UT
- Founding
- 09/1982
- Data as of
- 12/2021
- EIN
- 87-0384450
Organization Overview
South Valley Chamber is located in Sandy, UT. The organization was established in 1982. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, South Valley Chamber employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Valley Chamber 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 12/2021, South Valley Chamber generated $946.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $681.6k during the year ending 12/2021. While expenses have increased by 0.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SANDY CHAMBER OF COMMERCE PROVIDES RESOURCES, NETWORKING, AND ADVOCACY TO BENEFIT AND INCREASE THE ECONOMIC PROSPERITY OF ITS MEMBERS AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KEYBANK BUSINESS ACCELERATOR ACADEMY: THIS PROGRAM WAS TAUGHT BY RALPH LITTLE, PROFESSOR AND BUSINESS ENTRUPRUER AND WORKED WITH CHAMBER STAFF TO CREATE THE CURRICULUM. THIS HANDS-ON, 11-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 2 NEW JOBS, RETAINED 68 JOBS, SECURED OVER 547,000 IN NEW FINANCING.
BUSINESS INSTITUTE: THIS PROGRAM OFFERS LEARNING OPPORTUNITIES TO BUSINESSES IN THE AREAS OF LEADERSHIP, DIGITAL MARKETING, FINANCES, SALES,INFORMATION TECHNOLOGY, AND ENTREPRENEURSHIP. THE PROGRAM HAD OVER 150 ATTENDEES FROM 40 COMPANIES.
EVENTS: THE ORGANIZATION HOSTED 65 EVENTS WITH OVER 3,100 ATTENDEES. THE EVENTS INCLUDED THE TITAN AWARDS, PEAK AWARDS, TWO GOLF TOURNAMENTS, BUSINESS AFTER HOURS, EXECUTIVE FORUMS, WOMEN IN BUSINESS LUNCHES, AND OTHER ACTIVITIES THAT PROVIDED NETWORKING, PROMOTION, AND COLLABORATION OPPORTUNITES FOR BUSINESSES.
IN 2021, WE HOSTED LEADERSHIP SOUTH VALLEY. WHICH IS A FULL DAY ONCE A MONTH FOR 10 MONTHS. LEADERSHIP SOUTH VALLEY TACKLES THE ISSUES SURROUNDING THE BUSINESSES LIKE FINANCE, BANKING, SALES & MARKETING. WE ALSO EDUCATED ON COMMUNITY ISSUES LIKE CLEAN AIR, HOMELESSNESS, TRANSPROTATION, HEALTH CARE, HOUSING AND WE EDUCATED ON GOVERNMENT. ALL THESE ISSUES AND OTEHRS ARE TAUGHT BY THE LEADERS IN THESE VARIOUS AREAS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Francis President | OfficerTrustee | 40 | $106,492 |
Rob Brough Chair | OfficerTrustee | 3 | $0 |
Nathan Anderson Past Chair | OfficerTrustee | 3 | $0 |
John Kimball Director | Trustee | 1 | $0 |
Alan Rindlisbacher Director | Trustee | 2 | $0 |
Cyd Tetro Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,453 |
| 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 | $75,453 |
| Total Program Service Revenue | $853,108 |
| Investment income | $36 |
| 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 | $946,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750 |
| 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. | $106,492 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,944 |
| Pension plan accruals and contributions | $3,771 |
| Other employee benefits | $2,581 |
| Payroll taxes | $23,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,949 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,485 |
| Advertising and promotion | $44,552 |
| Office expenses | $12,990 |
| Information technology | $45,423 |
| Royalties | $0 |
| Occupancy | $59,775 |
| Travel | $2,108 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,705 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,822 |
| Insurance | $553 |
| All other expenses | $21,739 |
| Total functional expenses | $681,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $603,191 |
| Savings and temporary cash investments | $32,479 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,100 |
| 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 | $747 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $672,517 |
| Accounts payable and accrued expenses | $142,369 |
| Grants payable | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $142,369 |
| 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 | $530,148 |
| Total liabilities and net assets/fund balances | $672,517 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
National Cattlemens Beef Association Inc Centennial, CO | $34,892,254 | $54,202,215 |
United States Meat Export Federation Inc Denver, CO | $20,783,822 | $49,870,327 |
Mgma-Acmpe Englewood, CO | $54,755,762 | $36,087,217 |
Mountain States Employers Council Inc Denver, CO | $41,916,661 | $36,504,782 |
Vail Valley Foundation Inc Avon, CO | $22,993,237 | $18,789,291 |
Scrum Alliance Inc Westminster, CO | $46,979,666 | $21,000,085 |
Investment Management Consultants Assn Inc Greenwood Village, CO | $30,192,603 | $13,414,601 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
International Association Of Certified Home Inspectors Boulder, CO | $7,671,295 | $15,005,233 |
International Association For The Study Of Lung Cancer Denver, CO | $23,299,078 | $13,685,313 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |