Civic Intelligence

Utah Technology Council

990 • Fiscal year 2021 • EIN 87-0482975

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 07, 2022

2600 Executive Pkwy Ste 140Lehi, UT 84070

(801) 568-3500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

3.09x

Higher debt load relative to assets than 99% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

3.35x

Higher debt load relative to revenue than 99% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

3rd percentile

-171%

Higher net margin than 3% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

98th percentile

$131,128

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 143.0% of source-year revenue.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

84th percentile

41%

Faster asset growth than 84% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-50%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$99,473

Up $28,900 (+41%) from 2020

Net Assets

Down

-$208,078

Down $156,432 (-303%) from 2020

Liabilities

Up

$307,551

Up $185,332 (+152%) from 2020

Revenue

Down

$91,694

Down $91,308 (-50%) from 2020

Expenses

Up

$248,126

Up $20,543 (+9.0%) from 2020

Net Income

Down

-$156,432

Down $111,851 (-251%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2010: $1,204,583Liabilities 2010: $534,619Net Assets 2010: $669,9642010Assets 2011: $1,209,831Liabilities 2011: $544,045Net Assets 2011: $665,7862011Assets 2012: $1,244,607Liabilities 2012: $572,017Net Assets 2012: $672,5902012Assets 2013: $1,089,762Liabilities 2013: $402,625Net Assets 2013: $687,1372013Assets 2014: $1,129,099Liabilities 2014: $415,834Net Assets 2014: $713,2652014Assets 2015: $928,874Liabilities 2015: $426,568Net Assets 2015: $502,3062015Assets 2016: $1,000,992Liabilities 2016: $560,717Net Assets 2016: $440,2752016Assets 2017: $768,104Liabilities 2017: $548,322Net Assets 2017: $219,7822017Assets 2018: $288,444Liabilities 2018: $309,307Net Assets 2018: -$20,8632018Assets 2019: $98,900Liabilities 2019: $105,965Net Assets 2019: -$7,0652019Assets 2020: $70,573Liabilities 2020: $122,219Net Assets 2020: -$51,6462020Assets 2021: $99,473Liabilities 2021: $307,551Net Assets 2021: -$208,0782021Assets 2022: $84,276Liabilities 2022: $258,982Net Assets 2022: -$174,7062022Assets 2023: $78,364Liabilities 2023: $258,9822023

Highlighted filing

2021

Assets$99,473
Liabilities$307,551
Net Assets-$208,078

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2010: $1,324,887Expenses 2010: $1,457,438Net Income 2010: -$132,5512010Expenses 2011: $1,228,8902011Expenses 2012: $1,408,4732012Revenue 2013: $1,295,298Expenses 2013: $1,255,041Net Income 2013: $40,2572013Revenue 2014: $1,572,240Expenses 2014: $1,542,916Net Income 2014: $29,3242014Revenue 2015: $1,523,186Expenses 2015: $1,718,512Net Income 2015: -$195,3262015Revenue 2016: $1,857,206Expenses 2016: $1,916,781Net Income 2016: -$59,5752016Revenue 2017: $1,635,576Expenses 2017: $1,851,822Net Income 2017: -$216,2462017Revenue 2018: $1,186,246Expenses 2018: $1,432,075Net Income 2018: -$245,8292018Revenue 2019: $799,774Expenses 2019: $854,572Net Income 2019: -$54,7982019Revenue 2020: $183,002Expenses 2020: $227,583Net Income 2020: -$44,5812020Revenue 2021: $91,694Expenses 2021: $248,126Net Income 2021: -$156,4322021Revenue 2022: $51,445Expenses 2022: $18,073Net Income 2022: $33,3722022Revenue 2023: $0Expenses 2023: $5,912Net Income 2023: -$5,9122023

Highlighted filing

2021

Revenue$91,694
Expenses$248,126
Net Income-$156,432
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 7, 2022
Return Version
2021v4.0
Gross Receipts
$91,694
Mission and Program Overview

Mission

The mission of utc is to promote the growth of utah's information & technology industry. Utc serves its members in several ways including: ceo roundtables, hall of fame events, internet technology summits, and industry luncheons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$63,575-
Savings and Temporary Cash Investments$47,690$24,577▼ $23,113
Land, Buildings, and Equipment, Net$20,940$11,321▼ $9,619
Prepaid Expenses and Deferred Charges$1,943--
Total Assets$70,573$99,473▲ $28,900
Liabilities
Other Liabilities$50,000$230,582▲ $180,582
Deferred Revenue$71,450$76,720▲ $5,270
Accounts Payable and Accrued Expenses$769$249▼ $520
Total Liabilities$122,219$307,551▲ $185,332
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-51,646$-208,078▼ $156,432
Total Net Assets Fund Balance$-51,646$-208,078▼ $156,432
Total Liabilities and Net Assets / Fund Balance$70,573$99,473▲ $28,900

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,321$112,789$124,110
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth ConverseDirector of OperFT$124,951$6,177$131,128

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$86,694
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$-156,432
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$141,672
Other Expenses$106,454
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$124,951
Fees for Services Lobbying---$55,000
Fees for Services Other---$15,584
Payroll Taxes---$10,666
Fees for Services Accounting---$10,573
Depreciation Depletion---$9,619
Pension Plan Contributions---$6,177
Insurance---$4,328
Advertising---$4,085
Office Expenses---$3,090
Interest---$1,275
Travel---$483
Other Expenses---$60
Other Employee Benefits---$-122
Total Functional Expenses$0$0$0$248,126
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$79,676
Total Nondeductible Lobbying and Political Cost$13,945
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Silicon Slopes$194,307
Sba Ppp Loan$36,275
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The audit committee will review the 990 before it is filed.

Form 990, Page 6, Part VI, Line 12C

Reviewing the roles expected of trustees.

Form 990, Page 6, Part VI, Line 15A

The ceo's compensation is approved by a compensation committee. Compensation for the executive director is determined by the ceo and approved by the board.

Form 990, Page 6, Part VI, Line 19

Utc makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Silicon Slopes Commons
EIN
87-0482975
Phone
8015683500
Address
2600 EXECUTIVE PKWY STE 140, LEHI, UT 84070

Signing Officer

Name
Clint Betts
Title
Exec. Director/pres.
Phone
8018357087
Signed
2022-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clint Betts
Formed
1991
Legal Domicile
Ut
Voting Board Members
14
Independent Board Members
14
Employees
1

Preparer

Firm
Wsrp LLC
Address
155 N 400 W STE 400, SALT LAKE CITY, UT 84103
Preparer
Derek Weil CPA
Phone
8013282011
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of utc is to promote the growth of utah's information & technology industry. Utc serves its members in several ways including: ceo roundtables, hall of fame events, internet technology summits, and industry luncheons.

Form 990, Page 2, Part III, Line 4D

N/A

Raw XML Appendix383 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE MISSION OF UTC IS TO PROMOTE THE GROWTH OF UTAH'S INFORMATION & TECHNOLOGY INDUSTRY. UTC SERVES ITS MEMBERS IN SEVERAL WAYS INCLUDING: CEO ROUNDTABLES, HALL OF FAME EVENTS, INTERNET TECHNOLOGY SUMMITS, AND INDUSTRY LUNCHEONS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE UTC HALL OF FAME HONORS INDIVIDUALS WITH UTAH TIES THAT HAVE MADE SIGNIFICANT IMPACTS TO THE TECHNOLOGY INDUSTRY. THE MEETING ENCOURAGES UTC MEMBERS TO BE MORE ACTIVE IN IMPROVING THE TECHNOLOGY INDUSTRY WITHIN UTAH THROUGH INCREASED CAPITAL, MANAGEMENT TALENT, AND IMPROVED BUSINESS ENVIROMENT.
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATIONAL AND OTHER NETWORKING EVENTS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0N/A
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYOtherExpensesAmt053745
IRS990/PYProgramServiceRevenueAmt0183002
IRS990/PYRevenuesLessExpensesAmt0-44581
IRS990/PYSalariesCompEmpBnftPaidAmt0173838
IRS990/PYTotalExpensesAmt0227583
IRS990/PYTotalRevenueAmt0183002
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-156432
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt047690
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024577
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleC/AggregateReportedDuesNtcAmt026008
IRS990ScheduleC/AgreeCarryoverPriorYearInd0true
IRS990ScheduleC/DuesAssessmentsAmt086694
IRS990ScheduleC/NonDedLbbyngPltclCyovAmt0-65731
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt079676
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt013945
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleC/TaxableAmt0-12063
IRS990ScheduleD/EquipmentGrp/BookValueAmt011321
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0112789
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0124110
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0194307
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt136275
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SILICON SLOPES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SBA PPP LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011321
IRS990ScheduleD/TotalLiabilityAmt0230582
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF UTC IS TO PROMOTE THE GROWTH OF UTAH'S INFORMATION & TECHNOLOGY INDUSTRY. UTC SERVES ITS MEMBERS IN SEVERAL WAYS INCLUDING: CEO ROUNDTABLES, HALL OF FAME EVENTS, INTERNET TECHNOLOGY SUMMITS, AND INDUSTRY LUNCHEONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE AUDIT COMMITTEE WILL REVIEW THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWING THE ROLES EXPECTED OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CEO'S COMPENSATION IS APPROVED BY A COMPENSATION COMMITTEE. COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE CEO AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UTC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt070573
IRS990/TotalAssetsEOYAmt099473
IRS990/TotalAssetsGrp/BOYAmt070573
IRS990/TotalAssetsGrp/EOYAmt099473
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05000
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0248126
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0122219
IRS990/TotalLiabilitiesEOYAmt0307551
IRS990/TotalLiabilitiesGrp/BOYAmt0122219
IRS990/TotalLiabilitiesGrp/EOYAmt0307551
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-51646
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-208078
IRS990/TotalOtherCompensationAmt06177
IRS990/TotalProgramServiceRevenueAmt086694
IRS990/TotalReportableCompFromOrgAmt0124951
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt086694
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt091694
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt070573
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt099473
IRS990/TravelGrp/TotalAmt0483
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02600 EXECUTIVE PKWY STE 140
IRS990/USAddress/CityNm0LEHI
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084070
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.UTAHTECH.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CLINT BETTS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC. DIRECTOR/PRES.
ReturnHeader/BusinessOfficerGrp/PhoneNum08018357087
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SILICON SLOPES COMMONS
ReturnHeader/Filer/BusinessNameControlTxt0SILI
ReturnHeader/Filer/EIN0870482975
ReturnHeader/Filer/PhoneNum08015683500
ReturnHeader/Filer/USAddress/AddressLine1Txt02600 EXECUTIVE PKWY STE 140
ReturnHeader/Filer/USAddress/CityNm0LEHI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084070
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870517754
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WSRP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0155 N 400 W STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALT LAKE CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084103
ReturnHeader/PreparerPersonGrp/PhoneNum08013282011
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEREK WEIL CPA
ReturnHeader/ReturnTs02022-11-11T14:15:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CLINT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BETTS
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.08$0.26$0.00$0.01$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.08$0.26$0.17$0.05$0.02$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.10$0.31$0.21$0.09$0.25$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.07$0.12$0.05$0.18$0.23$0.04
2019Summary only. Only limited summary data is available for this year.$0.10$0.11$0.01$0.80$0.85$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.31$0.02$1.19$1.43$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.55$0.22$1.64$1.85$0.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.56$0.44$1.86$1.92$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.43$0.50$1.52$1.72$0.20
2014Detailed filing. Detailed filing data is available for this year.$1.13$0.42$0.71$1.57$1.54$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.09$0.40$0.69$1.30$1.26$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.57$0.67$1.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.54$0.67$1.23
2010Summary only. Only limited summary data is available for this year.$1.20$0.53$0.67$1.32$1.46$0.13