Utah Apartment Association
- Assets
- $746.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Sandy, UT
- Founding
- Data as of
- 12/2022
- EIN
- 87-0667465
Organization Overview
Utah Apartment Association is located in Sandy, UT. As of 12/2022, Utah Apartment Association employed 6 individuals. Utah Apartment 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 12/2022, Utah Apartment Association generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 15.4% per year over the past 3 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Paul Smith CEO & Genera | Officer | $200,391 | |
Chrisy Bond Director | Trustee | $0 | |
Lejla Bosnjak Director | Trustee | $0 | |
Dj Bruhn Treasurer | OfficerTrustee | $0 | |
Sue Cazier Director | Trustee | $0 | |
Tyler Fivas Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $888,174 |
| 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 | $888,174 |
| Total Program Service Revenue | $186,027 |
| Investment income | $2,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,633 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $59,665 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,210,916 |
| 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. | $179,468 |
| Compensation of current officers, directors, key employees. | $179,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $231,354 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,218 |
| Payroll taxes | $29,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,323 |
| Office expenses | $65,225 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,853 |
| 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 | $63,738 |
| Insurance | $3,054 |
| All other expenses | $2,318 |
| Total functional expenses | $1,051,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,656 |
| Savings and temporary cash investments | $432,081 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,509 |
| 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 | $57,623 |
| Net Land, buildings, and equipment | $24,856 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,000 |
| Total assets | $746,725 |
| Accounts payable and accrued expenses | $609 |
| 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 | $609 |
| 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 | $746,116 |
| Total liabilities and net assets/fund balances | $746,725 |