Mountain West Capital Network
- Assets
- $1.0m
- Revenue
- $480.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Salt Lake City, UT
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 87-0541417
Organization Overview
Mountain West Capital Network is located in Salt Lake City, UT. The organization was established in 1998. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain West Capital Network 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 12/2022, Mountain West Capital Network generated $480.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $432.8k during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 8 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
DEVELOP AND IMPROVE BUSINESS CONDITIONS OF HIGH-GROWTH ORIENTED BUSINESSES IN UTAH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UTAH 100 AWARD EVENT IS THE FIRST AND BEST OF ITS KIND. WE RECOGNIZE UTAH'S 15 LARGEST REVENUE COMPANIES, 100 FASTEST GROWING, AND A SELECT LIST OF NEWER, EMERGING ELITE COMPANIES. THIS IS MOUNTAINWEST CAPITAL NETWORK'S FLAGSHIP EVENT, WITH OVER 1,000 BUSINESS LEADERS IN ATTENDANCE.THE TOP 15 ANNUAL REVENUE COMPANIES ARE RANKED ACCORDING TO THE HIGHEST TOTAL DOLLAR GROWTH FROM LAST YEAR. THE UTAH 100 COMPANIES ARE RANKED ACCORDING TO A WEIGHTED AVERAGE CALCULATION OF PERCENTAGE AND DOLLAR GROWTH. COMPANIES ARE ONLY ELIGIBLE TO BE INCLUDED IN 1 AWARD CATEGORY. FIRST CONSIDERATION WILL BE GIVEN TO THE TOP 15 ANNUAL REVENUE CATEGORY.
A FEW TIMES A YEAR, MWCN STRATEGIC SPONSORS HOST KEYNOTE SPEAKERS IN A SETTING THAT IS SMALL AND INTIMATE. THESE SPEAKERS ARE UTAH BUSINESS LEADERS, ENTREPRENEURS, AWARD WINNERS AND DISRUPTIVE THINKERS THAT PLAY IMPORTANT ROLES IN GROWING BUSINESS IN UTAH AND, OFTEN, ON A NATIONAL LEVEL. UNLIKE OUR SIGNATURE EVENTS THAT COMMAND A HOTEL BALLROOM TO FIT ATTENDEES, BUSINESS FORUMS ARE SMALL AND INTIMATE OPPORTUNITIES OFFERING UNIQUE "UN-PLUGGED" MOMENTS AND VALUABLE INSIGHT INTO THE BUSINESS CLIMATE.
AS UTAH'S FIRST AND LARGEST BUSINESS NETWORKING ORGANIZATION MWCN FULFILLS ITS EXEMPT PURPOSE BY FOSTERING THE DYNAMIC FLOW OF INFORMATION ABOUT CAPITAL FORMATION AND DISTRIBUTION, EDUCATING AND MENTORING EXCELLENCE, AND RECOGNIZING AND REWARDING PERFORMANCE. THESE ACTIVITIES WE ACCOMPLISHED THROUGH EVENTS SUCH AS THE GOLF TOURNAMENT. TEMPORARILY POSTPONED DUE TO COVID-19
THE MWCN ENTREPRENEUR OF THE YEAR IS AN ANNUAL AWARD LUNCHEON THAT RECOGNIZES A UTAH ENTREPRENEUR WHO HAS BUILT A THRIVING UTAH-BASED COMPANY. THE ANNUAL EVENT IS DESIGNED TO INSPIRE OTHERS TO PARTICIPATE IN THE RISKS AND REWARDS OF ENTREPRENEURSHIP AND PROVIDES THE ENTREPRENEUR HONORED AN OPPORTUNITY TO GIVE BACK TO THE COMMUNITY BY SHARING THEIR KNOWLEDGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reed Chase Treasurer | OfficerTrustee | 3 | $0 |
Cheri M Waldron Executive Director & Secretary | OfficerTrustee | 40 | $103,981 |
Todd A Reece Executive Committee Member | OfficerTrustee | 3 | $0 |
Drew Yergensen Vice-Chairman, Executive Committee Member | OfficerTrustee | 3 | $0 |
Paul Skeen Chairman, Executive Committee Member | OfficerTrustee | 2 | $0 |
Ryan Dent President, Executive Committee Member | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $479,955 |
| 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 | $479,955 |
| 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. | $107,123 |
| 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 | $8,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $39,418 |
| Office expenses | $2,608 |
| Information technology | $26,934 |
| 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 | $198,008 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,368 |
| All other expenses | $2,425 |
| Total functional expenses | $432,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $771,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $222,100 |
| 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 | $12,925 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,006,161 |
| Accounts payable and accrued expenses | $12,552 |
| Grants payable | $0 |
| Deferred revenue | $402,269 |
| 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 | $13,354 |
| Total liabilities | $428,175 |
| 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 | $577,986 |
| Total liabilities and net assets/fund balances | $1,006,161 |