The Foundry
- Assets
- $104.5k
- Revenue
- $124.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Sheridan, WY
- Founding
- 10/2017
- Data as of
- 06/2020
- EIN
- 81-2252946
Organization Overview
The Foundry is located in Sheridan, WY. The organization was established in 2017. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Foundry is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2020, Foundry generated $124.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $118.3k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
1) THE ORGANIZATION HEREIN REFERRED TO AS THE "CLUB", WILL OPERATE AS A VENUE FOR LIKE-MINDED BUSINESS PROFESSIONAL TO GATHER FOR THEIR MUTUAL BENEFIT. THIS WILL COMPRISE 90% - 95% OF THE ACTIVITY. THE CLUB ENCOURAGES COMMINGLING AND FELLOWSHIP AMONG THE MEMBERS AND WILL STRIVE TO BUILD CAMARADERIE. THE CLUB WILL HOST VARIOUS EVENTS THROUGH-OUT THE YEAR TO BRING MEMBERS TOGETHER. EXAMPLES OF EVENTS ARE FRIDAY NIGHT GUEST BAR TENDERS, THEME PARTY EVENTS FOR HOLIDAYS, AND SPORT GATHERINGS FOR UNIVERSITY OF WYOMING (LOCAL) FOOTBALL GAMES BEING AIRED ON PUBLIC TV. THE CLUB WILL ALSO PROMOTE AND ENCOURAGE THE SUCCESS OF THE MEMBERS' CHILDREN. THIS WILL BE DONE IN VARIOUS WAYS, SUCH AS HELPING THEM WITH PUBLIC CHARITY CAUSES OR SPECIAL EVENTS TO INVOLVE THE MEMBERS FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMINGLING AND FELLOWSHIP AMONG THE MEMBERS DURING SOCIAL GATHERINGS OF LIKE-MINDED BUSINESS PROFESSIONALS.
PROMOTE SHERIDAN BUSINESSES AND COMMUNITY. THE WYO WINTER RODEO WELCOMES FIVE CLASSES OF TEAMS: OPEN, SPORT, NOVICE, YOUTH AND SNOWBOARD. THE SHERIDAN WYO WINTER RODEO STRIVES TO INTRODUCE COMPETITORS AND SPECTATORS TO THE SPORT OF EQUESTRAIN SKIJORING AND WELCOMES ALL SKIJORING FANS TO SHERIDAN, WY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Von Krosigk Director - M | Trustee | 10 | $6,000 |
Regan Haswell Director | Trustee | 1 | $0 |
Kelly Pascal Gould Director | Trustee | 1 | $0 |
Stephanie Wagner Director | Trustee | 1 | $0 |
Denise Ebzery Director | Trustee | 1 | $0 |
Jeriann Jacobson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,400 |
| Investment income | $0 |
| 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 | $124,311 |
| Statement of Expenses | |
|---|---|
| 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. | $6,000 |
| 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 | $1,576 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,306 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,870 |
| Travel | $0 |
| 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 | $1,031 |
| Insurance | $1,049 |
| All other expenses | $0 |
| Total functional expenses | $118,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,335 |
| Savings and temporary cash investments | $4,052 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $104,506 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $104,506 |
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