America Cup Inc
- Assets
- $1.9k
- Revenue
- $487.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Vail, CO
- Founding
- 12/2013
- Data as of
- 12/2016
- EIN
- 45-3694925
Organization Overview
America Cup Inc is located in Vail, CO. The organization was established in 2013. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. America Cup Inc 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 12/2016, America Cup Inc generated $487.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 72.9% each year . All expenses for the organization totaled $450.5k during the year ending 12/2016. While expenses have increased by 51.9% per year over the past 2 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICA CUP IS A 501(C)(3) NON-PROFIT ORGANIZATION THAT PROMOTES COMPETITIVE AND AMATEUR FLY FISHING AT THE NATIONAL AND INTERNATIONAL LEVELS AND PROVIDES PROGRAMMATIC AND MONETARY SUPPORT TO PROJECT HEALING WATERS FLY FISHING. PROJECT HEALING WATERS FLY FISHING IS DEDICATED TO THE CRUCIAL WORK OF PHYSICAL AND EMOTIONAL REHABILITATION OF DISABLED, ACTIVE DUTY MILITARY PERSONNEL AND VETERANS THROUGH FLY FISHING OUTINGS AND FLY TYING EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS ABLE TO SERVE 400 PARTICIPANTS FOR OVER 8 DAYS BY HOSTING THE 36TH ANNUAL FIPS MOUCHE WORLD FLY FISHING CHAMPIONSHIP. 25 COUNTRIES TRAVELED TO FISH THE ICONIC TROUT WATERS OF THE AMERICAN WEST. OVER 5 TOWNS, 2 COUNTIES, MULTIPLE ENTITIES, AND PRIVATE LAND OWNERS CAME TOGETHER TO PROVIDE THE RESOURCES IN WHICH TO HOST THE EVENT. THE EVENT PROVIDED OVER 13 MILLION IMPRESSIONS VIA THE INTERNET AND MEDIA OUTLETS. THE MESSAGE OF CLEAN WATER EDUCATION AND RESOURCE MANAGEMENT WERE EXPRESSED THROUGH THE EVENT AND AT A CONSERVATION SYMPOSIUM CO-HOSTED WITH COLORADO TROUT UNLIMITED AND SPEAKERS WERE THE DENVER WATER BOARD, EAGLE RIVER WATERSHED COUNCIL, AND SENATOR KERRY DONAVON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Knight Executive Di | OfficerTrustee | 10 | $0 |
Ben Metcalf Treasurer | OfficerTrustee | 5 | $0 |
Joanne Knight Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,116 |
| Total Program Service Revenue | $253,724 |
| Investment income | $1 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $487,841 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,304 |
| Office expenses | $14,160 |
| Information technology | $2,529 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,277 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,391 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $450,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,881 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,881 |
| Accounts payable and accrued expenses | $0 |
| 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 | $15,824 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,824 |
| Unrestricted restricted net Assets | -$13,943 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$13,943 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that America Cup Inc has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: Health & Human Services | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Ski Association Park City, UT | $21,124,453 | $32,052,009 |
Usa Volleyball Colorado Springs, CO | $34,648,570 | $30,318,456 |
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |
United States Ski Team Foundation Park City, UT | $9,262,092 | $17,246,819 |
Oklahoma City Golf & Country Club Nichols Hills, OK | $30,261,356 | $14,527,744 |
Southern Hills Country Club Tulsa, OK | $59,775,336 | $17,253,423 |
Cherry Hills Country Club Englewood, CO | $65,318,672 | $17,559,884 |
Denver Country Club Denver, CO | $40,162,102 | $13,375,074 |
Columbine Country Club Columbine Valley, CO | $37,675,928 | $14,753,551 |
Happy Hollow Club Omaha, NE | $18,174,683 | $12,125,031 |
Troon Country Club Inc Scottsdale, AZ | $27,079,635 | $13,166,586 |
Gamma Phi Beta Sorority Inc Centennial, CO | $31,209,730 | $12,603,697 |