Overview
What is Silicon Slopes?
Silicon Slopes is a prominent nonprofit organization situated in Lehi, Utah, with its headquarters located at 2600 Executive PKWY 140. The primary mission of Silicon Slopes is to empower and support Utah's startup and tech community, facilitating learning opportunities, fostering connections, and encouraging community service. This is achieved through their annual tech summit, the globally recognized Silicon Slopes Tech Summit, which brings together individuals from the tech industry for a two-day event. With a team of around 30 employees, Silicon Slopes plays a significant role in driving the growth and development of Utah's tech sector.
Official website here: www.siliconslopes.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Stars (40%)
Silicon Slopes has received a Zero-Star rating from Charity Navigator, indicating significant shortcomings in its accountability and financial management practices. With an overall score of 40%, the organization faces severe challenges, particularly in financial transparency and efficiency. While it excels in having a majority of independent board members, the lack of independent board size, questionable financial statements, and low program expense ratio raise concerns about its operational effectiveness.
The review highlights a strong commitment to certain governance aspects, such as providing board meeting minutes and having a conflict of interest policy, although it ultimately fails to meet minimum standards in several other key areas. The absence of a whistleblower policy and inadequate financial disclosures further detract from its accountability. Additionally, the organization struggles with a poor liabilities-to-assets ratio and ineffective fundraising efficiency.
Overall, while Silicon Slopes demonstrates some positive governance attributes, the multitude of financial and operational deficiencies reflected in its rating points to a need for significant improvement to build trust with stakeholders and ensure sustainability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Silicon Slopes?
94% of 46 reviewers on Facebook recommend Silicon Slopes. Here is a summary of their reviews: Many users appreciate the organization for its exceptional ability to connect individuals within the community. Reviewers highlight their efforts in maintaining awareness of local issues and actively assisting where needed.
Overall, respondents express gratitude for the organization's commitment to fostering community engagement and supporting local initiatives. The positive sentiment is clear, with many finding Silicon Slopes to be a valuable resource in enhancing networking and addressing challenges within the area.
This AI summary has been generated from reviews found on Facebook.
Is Silicon Slopes legitimate?
Silicon Slopes is a legitimate nonprofit organization registered as a 501(c)(3) entity. Silicon Slopes submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $415,577
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,052,935
For more financial information, click here
Official website here: www.siliconslopes.com
What is the mission statement of Silicon Slopes?
Silicon Slopes empowers the startup and tech community by facilitating learning opportunities, fostering connections, and encouraging community service. This organization serves as a platform where individuals can enhance their skills, network with like-minded professionals, and contribute to societal causes related to technology. One of their notable initiatives is the Silicon Slopes Tech Summit, a renowned two-day event that brings together industry leaders and innovators from around the world.
In essence, Silicon Slopes aims to provide a supportive environment for the continuous growth and development of the tech community, while fostering a sense of collaboration and giving back to society. By empowering individuals and businesses, Silicon Slopes seeks to contribute to the overall advancement and success of the tech industry.
Official website here: www.siliconslopes.com
Who is the CEO of Silicon Slopes?
Clint Betts is the Executive Director/President of Silicon Slopes.
Official website here: www.siliconslopes.com
What is the revenue of Silicon Slopes?
Silicon Slopes's revenue in 2022 was $5,467,942.
Official website here: www.siliconslopes.com
Who are the executives of Silicon Slopes and what are their salaries?
The average compensation at Silicon Slopes during 2022 was $48,950. There are 30 employees at Silicon Slopes.
Here are 16 key members and their salaries:
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- Compensation: $130,000
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- Compensation: $150,000
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Official website here: www.siliconslopes.com
Where can I find the form 990 for Silicon Slopes?
Silicon Slopes's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.siliconslopes.com
Learn more at the official website: www.siliconslopes.com
Mission Statement of Silicon Slopes
Silicon Slopes is an organization that plays a pivotal role in empowering Utah's startup and technology community. Its mission is multifaceted, encompassing learning, connecting, and serving. By providing a platform for these activities, Silicon Slopes aims to foster growth and development within this community.
In essence, Silicon Slopes serves as a catalyst for knowledge exchange and networking opportunities. It empowers individuals and organizations within the startup and tech sector to learn from one another, share experiences, and collaborate on innovative projects. This learning and connecting aspect of Silicon Slopes' mission is crucial in nurturing a vibrant and dynamic tech community in Utah.
Furthermore, Silicon Slopes is committed to serving this community. This service can take many forms, from organizing events and workshops to providing resources and support. One such event is the annual Silicon Slopes Tech Summit, a globally recognized two-day event that brings together industry leaders, entrepreneurs, and innovators. Through this and other initiatives, Silicon Slopes strives to support the growth and success of Utah's startup and tech community.
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Impact
July, 2024
Silicon Slopes has a significant impact on Utah's startup and tech community by empowering them to learn, connect, and serve. Through initiatives like the annual Silicon Slopes Tech Summit, this organization brings together professionals from various tech backgrounds to share knowledge, network, and collaborate. This fosters innovation, creates opportunities for growth, and strengthens the tech ecosystem in Utah. By focusing on education and community building, Silicon Slopes plays a crucial role in driving the state's tech sector forward.
This information is meant to be a general summary of Silicon Slopes. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,179
- Program Service Revenue: $702,472
- Gross Receipts: $5,467,942
Assets and Liabilities:
- Total Assets: $1,231,390
- Total Liabilities: $1,574,230
- Net Assets: -$342,840
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TECH SUMMIT
Revenue
$702,472
Organization Details
Founding Year
2016
Phone
(385) 374-0888Principal Officer
Clint Betts
Main Address
2600 EXECUTIVE PKWY 140, LEHI, UT, 84043
Website
www.siliconslopes.comNTEE Category
Code: B60 - Education
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