Business Training & Resource Center

Orem, UTUnknown exempt organization EIN 46-4634013Revenue $4.9M in FY2023Latest return filed Nov 30, 2024

On file with the IRS815 West 1250 South · Orem, UT

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Provider of Business Training

100¢ of each $1 spent went to programs.
Run by 16 volunteers and 19 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $265K a year · 7% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$459K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.9M
+1% vs prior year
Spent
$5.2M
To programs
100%
Net assets
$1.2M
By yearFY2020–FY2023
Revenue
$4.9M
FY2023▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$4.0M
FY2022$4.8M
FY2023$4.9M
Expenses
$5.2M
FY2023▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$3.3M
FY2022$4.0M
FY2023$5.2M
Net assets
$1.2M
FY2023▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2020−$21K
FY2021$661K
FY2022$1.5M
FY2023$1.2M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $5.2M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Business Training & Resource Center executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Business Training & Resource Center is a nonprofit organization based in Orem, UT.

Questions for Business Training & Resource Center

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Your first name shows with your question. Business Training & Resource Center answers here, for everyone.

1 program · $5.2M · in their own filed words · FY2023
01

We worked with 209 Client Manufacturing Establishments. The direct effect of our work was the equivalent of 1172 jobs and over $163.2 million in sales for 2023.The total impacts are the direct effect plus the indirect and induced effects.

$5.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $60K · 2020–2020
Syberjet AircraftFY2020$30,000
Alloyed SolutionsFY2020$20,000
Cerus Gear LLCFY2020$10,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.9M
Ln 12
Gifts and grantsLn 1h$4.9M
Money outPt IX
$5.2M
Ln 25
Programscol B$5.2M
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$329K
Total assetsLn 16$1.6M
LiabilitiesLn 26$459K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.9M
Government grantsLn 1e$3.8M
Total revenueLn 12$4.9M
Assets in detailPt X, end of year
CashLn 1$329K
Cash and savings togetherLn 1–2$329K
Land, buildings, equipmentLn 10c$54K
Other assetsLn 15$21K
Total assetsLn 16$1.6M
LiabilitiesLn 26$459K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 519
VolunteersI 616
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.9M$329K
Land, buildings, equipmentLn 10c$54K$54K
Total assetsLn 16$2.6M$1.6M
LiabilitiesLn 26$1.1M$459K
Net assetsLn 32$1.5M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.3M$2.3M
Other employee benefitsLn 9$659K$659K
Management feesLn 11a$789K$789K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$56K$56K
Advertising and promotionLn 12$345K$345K
Information technologyLn 14$161K$161K
OccupancyLn 16$125K$125K
TravelLn 17$133K$133K
InterestLn 20$46K$46K
Depreciation, depletion and amortizationLn 22$108K$108K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$363K$363K
All other expensesLn 24e$21K$21K
Total functional expensesLn 25$5.2M$5.2M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Nov 30, 2024 $4.9M$5.2M−$318K$1.2M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $4.8M$4.0M$819K$1.5M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $4.0M$3.3M$682K$661K 990 PDF
FY2020Filed with the IRS Sep 17, 2021 $2.2M$2.3M−$123K−$21K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $4,868,053 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,810,688$4,868,053
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $4,810,688$4,868,053
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,991,985$2,997,693
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $999,790$2,188,206
I-18 Total expensesPrior year $3,991,775$5,185,899
I-19 Revenue less expensesPrior year $818,913−$317,846
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,868,053 across 4 lines filed
VIII-1e Government grants$3,818,750
VIII-1f All other contributions, gifts and grants$1,049,303
VIII-1h Total contributions, gifts and grants$4,868,053
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$4,868,053
Part IX · Statement of functional expenses $5,185,899 across 15 lines filed
IX-7 Other salaries and wagesPrograms $2,338,251$2,338,251
IX-9 Other employee benefitsPrograms $659,442$659,442
IX-11a Management feesPrograms $789,134$789,134
IX-11b Legal feesPrograms $4,980$4,980
IX-11c Accounting feesPrograms $18,181$18,181
IX-11g Other fees for servicesPrograms $56,176$56,176
IX-12 Advertising and promotionPrograms $345,196$345,196
IX-14 Information technologyPrograms $161,391$161,391
IX-16 OccupancyPrograms $124,979$124,979
IX-17 TravelPrograms $133,201$133,201
IX-20 InterestPrograms $46,241$46,241
IX-22 Depreciation, depletion and amortizationPrograms $107,979$107,979
IX-23 InsurancePrograms $17,250$17,250
IX-24 Other expenses (24a–d)Programs $362,608$362,608
IX-24e All other expensesPrograms $20,890$20,890
IX-25 Total functional expensesPrograms $5,185,899 · Management $0 · Fundraising $0$5,185,899
Part X · Balance sheet $1,621,287 assets, 13 lines filed
Asset lines not itemized here account for $320,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,877,857$328,962
X-4 Accounts receivableStart of year $214,740$296,485
X-9 Prepaid expenses and deferred charges$101,052
X-10c Land, buildings and equipment, netStart of year $53,728$53,728
X-14 Intangible assets$500,000
X-15 Other assetsStart of year $21,060$21,060
X-16 Total assetsStart of year $2,561,146$1,621,287
X-17 Accounts payable and accrued expensesStart of year $21,038$167,845
X-18 Grants payableStart of year $1,049,952$262,500
X-25 Other liabilities$28,396
X-26 Total liabilitiesStart of year $1,080,754$458,741
X-32 Total net assets or fund balancesStart of year $1,480,392$1,162,546
X-33 Total liabilities and net assetsStart of year $2,561,146$1,621,287
Part XI · Reconciliation of net assets $1,162,546 net assets at year end
XI-1 Total revenue$4,868,053
XI-2 Total expenses$5,185,899
XI-3 Revenue less expenses−$317,846
XI-4 Net assets at start of year$1,480,392
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,162,546

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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