Aspen Resort Association Inc
- Assets
- $4.6m
- Revenue
- $5.8m
- Investments
- $5.0k
- Employees
- 37
- Location
- Aspen, CO
- Founding
- 12/1983
- Data as of
- 12/2023
- EIN
- 84-0660680
Organization Overview
Aspen Resort Association Inc is located in Aspen, CO. The organization was established in 1983. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Aspen Resort Association Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspen Resort Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Aspen Resort Association Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $5.8m during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LOCAL CHAMBER OF COMMERCE, BUSINESS SERVICES AND MARKETING
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAMBER OF COMMERCE ACTIVITIES
DESTINATION MARKETING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Fletcher Board Member | Trustee | 1 | $0 |
Bill Tomcich Ex Officio | Trustee | 1 | $0 |
Brenda Wild Board Member | Trustee | 1 | $0 |
Cari Kuhlman Treasurer | OfficerTrustee | 1 | $0 |
Cristal Logan Chair | OfficerTrustee | 1 | $0 |
Dan Bartholomew Ex Officio | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $782,065 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,200,893 |
| All other contributions, gifts, grants, and similar amounts not included above | $340,057 |
| Noncash contributions included in lines 1a–1f | $119,207 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,323,015 |
| Total Program Service Revenue | $334,782 |
| Investment income | $139,384 |
| 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 | $5,797,181 |
| 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. | $226,953 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,507,865 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $49,204 |
| Other employee benefits | $167,031 |
| Payroll taxes | $143,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $131,246 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $492,224 |
| Advertising and promotion | $1,214,302 |
| Office expenses | $259,954 |
| Information technology | $163,506 |
| Royalties | $0 |
| Occupancy | $354,232 |
| Travel | $194,703 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,211 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,016 |
| Insurance | $24,469 |
| All other expenses | $101,501 |
| Total functional expenses | $5,777,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,079,005 |
| Pledges and grants receivable | $111,774 |
| Accounts receivable, net | $302,032 |
| 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 | $27,627 |
| Net Land, buildings, and equipment | $56,267 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,046 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,535 |
| Total assets | $4,638,286 |
| Accounts payable and accrued expenses | $249,730 |
| 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 | $23,414 |
| Total liabilities | $273,144 |
| Net assets without donor restrictions | $3,953,369 |
| Net assets with donor restrictions | $411,773 |
| 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 | $4,638,286 |