Friends Of The Ouray Via Ferrata
- Assets
- $76.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 6
- Location
- Ouray, CO
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 83-0928372
Organization Overview
Friends Of The Ouray Via Ferrata is located in Ouray, CO. The organization was established in 2018. 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 12/2022, Friends Of The Ouray Via Ferrata employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Ouray Via Ferrata 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 12/2022, Friends Of The Ouray Via Ferrata generated $62.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.1%) each year. All expenses for the organization totaled $75.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE VIA FERRATA WILL HAVE A SIGNIFICANT ECONOMIC IMPACT ON OURAY, WITH A PROJECTED $5 MILLION IN NEW LOCAL SPENDING, 48 NEW FULL TIME JOBS, $145,000 IN ADDITIONAL TAX REVENUE, OVER 4,000 ADDITIONAL LODGING NIGHTS, AND NEARLY $14,000 IN NEW ANNUAL LOT REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Iuppenlatz President | 10 | $0 | |
Nathan Disser Vice President | 10 | $0 | |
Alan Cook Director | 1 | $0 | |
Chris Hinkson Director | 1 | $0 | |
Sharon Wild Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,575 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $62,575 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,527 |
| Professional fees and other payments to independent contractors | $3,634 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,152 |
| Total expenses | $75,313 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,676 |
| Other assets | $0 |
| Total assets | $76,152 |
| Total liabilities | $81,400 |
| Net assets or fund balances | -$5,248 |