Aspen Resort Association Inc
- Assets
- $3.0m
- Revenue
- $5.0m
- Investments
- $5.0k
- Employees
- 31
- Location
- Aspen, CO
- Founding
- 12/1983
- Data as of
- 12/2021
- 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 12/2021, Aspen Resort Association Inc employed 31 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 12/2021, Aspen Resort Association Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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
2021
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 |
|---|---|---|---|
Debra Braun Executive Director | Officer | 40 | $199,062 |
Cristal Logan Chair | OfficerTrustee | 1 | $0 |
Jeff Bay Assistant Secretary | OfficerTrustee | 1 | $0 |
Charles Bantis Treasurer | OfficerTrustee | 1 | $0 |
Cari Kuhlman Assistant Treasurer | OfficerTrustee | 1 | $0 |
John Rigney Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $656,687 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,267,464 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,803,689 |
| Noncash contributions included in lines 1a–1f | $362,441 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,727,840 |
| Total Program Service Revenue | $257,840 |
| Investment income | $24,598 |
| 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 | $5,010,278 |
| 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. | $199,062 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $987,973 |
| Pension plan accruals and contributions | $36,870 |
| Other employee benefits | $3,191 |
| Payroll taxes | $246,563 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65,247 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $306,420 |
| Advertising and promotion | $1,106,046 |
| Office expenses | $11,301 |
| Information technology | $76,478 |
| Royalties | $0 |
| Occupancy | $204,051 |
| Travel | $26,380 |
| 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 | $17,293 |
| Insurance | $21,816 |
| All other expenses | $340,179 |
| Total functional expenses | $4,013,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $2,486,581 |
| Pledges and grants receivable | $462,995 |
| 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 | $203 |
| Net Land, buildings, and equipment | $79,303 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,046 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,721 |
| Total assets | $3,036,848 |
| Accounts payable and accrued expenses | $87,513 |
| 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 | $66,667 |
| Total liabilities | $154,180 |
| Net assets without donor restrictions | $1,143,797 |
| Net assets with donor restrictions | $1,738,871 |
| 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 | $3,036,848 |
Endowment Analysis
| Beg. Balance | $730 |
| Ending Balance | $730 |
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|---|---|---|
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International Association Of Certified Home Inspectors Boulder, CO | $7,671,295 | $15,005,233 |
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The Greater Colorado Springs Chamber And Edc Colorado Springs, CO | $2,246,029 | $6,426,509 |