United States Hang Gliding And Paragliding Association
- Assets
- $2.8m
- Revenue
- $1.9m
- Investments
- $1.7m
- Employees
- 5
- Location
- Colorado Springs, CO
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 23-7171363
Organization Overview
United States Hang Gliding And Paragliding Association is located in Colorado Springs, CO. The organization was established in 1998. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, United States Hang Gliding And Paragliding Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Hang Gliding And Paragliding Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, United States Hang Gliding And Paragliding Association generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
USHPA IS THE NATIONAL ORGANIZATION RESPONSIBLE FOR THE DEVELOPMENT, PROMOTION AND ADMINSTRATION OF THE HANG GLIDING AND PARAGLIDING ACTIVITIES IN THE UNITED STATES.
Describe the Organization's Program Activity:
MEMBERSHIP - APPROXIMATELY 8,380 MEMBERS RECEIVE REGISTRATION CARDS, INSURANCE, PILOT RATINGS AND CERTIFICATION.
MAGAZINE - APPROXIMATELY 8,380 MEMBERS RECEIVE THE ORGANIZATION'S MONTHLY MAGAZINE "USHPA PILOT"
SPORT DEVELOPMENT - EXPENSES RELATED TO THE DEVELOPMENT OF HANG GLIDING, PARAGLIDING AND SITE PRESERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Palmaz Executive Director | Officer | 40 | $122,792 |
Jamie Shelden Secretary | OfficerTrustee | 7.5 | $925 |
Bill Hughes Treasurer | OfficerTrustee | 7.5 | $0 |
Steve Pearson President | OfficerTrustee | 7.5 | $0 |
Matt Taber President/vice President | OfficerTrustee | 7.5 | $0 |
Kimberly Phinney Director | Trustee | 7.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $153,451 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,097 |
| Noncash contributions included in lines 1a–1f | $95,263 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,548 |
| Total Program Service Revenue | $1,604,721 |
| Investment income | $162 |
| 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 | -$15,480 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,901,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $134,482 |
| Compensation of current officers, directors, key employees. | $43,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $227,031 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,577 |
| Payroll taxes | $28,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,870 |
| Fees for services: Accounting | $28,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,770 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $44,247 |
| Royalties | $0 |
| Occupancy | $25,003 |
| Travel | $831 |
| 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 | $36,303 |
| Insurance | $708,648 |
| All other expenses | $34,803 |
| Total functional expenses | $1,620,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,406 |
| Savings and temporary cash investments | $848,402 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,275 |
| 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 | $85,524 |
| Net Land, buildings, and equipment | $161,712 |
| Investments—publicly traded securities | $9,388 |
| Investments—other securities | $1,650,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,767,707 |
| Accounts payable and accrued expenses | $160,288 |
| Grants payable | $0 |
| Deferred revenue | $657,284 |
| 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 | $817,572 |
| Net assets without donor restrictions | $1,950,135 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,767,707 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that United States Hang Gliding And Paragliding Association has recieved totaling $24,632.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,316 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,316 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fiesta Events Inc Scottsdale, AZ | $1,392,711 | $3,617,988 |
United States Hang Gliding And Paragliding Association Colorado Springs, CO | $2,767,707 | $1,901,590 |
Premier Basketball Club Centennial, CO | $161,171 | $1,314,402 |
Relentless Volleyball Club Inc Aurora, CO | $250,213 | $1,096,490 |
Impact Athletics Oklahoma City, OK | $15,141 | $1,066,538 |
World Players Of Handball Foundation Tucson, AZ | $166,054 | $872,973 |
Youth Spirit Squads Inc Albuquerque, NM | $479,002 | $594,830 |
Havasu Balloon Festival And Fair Inc Lake Havasu City, AZ | $147,153 | $554,969 |
Cm Baseball League Scottsdale, AZ | $78,630 | $550,254 |
Bike Walk Nebraska Omaha, NE | $389,710 | $260,678 |
Arizona Sports And Entertainment Commission Scottsdale, AZ | $219,813 | $254,364 |
Mountain Air Ranch Corporation Littleton, CO | $675,940 | $566,569 |