Lake Eldora Racing Team Association
- Assets
- $781.6k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 79
- Location
- Boulder, CO
- Founding
- 12/1975
- Data as of
- 07/2021
- EIN
- 84-0707228
Organization Overview
Lake Eldora Racing Team Association, operating under the name Eldora Mountain Ski Club, is located in Boulder, CO. The organization was established in 1975. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 07/2021, Eldora Mountain Ski Club employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eldora Mountain Ski Club 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 07/2021, Eldora Mountain Ski Club generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.0m during the year ending 07/2021. While expenses have increased by 5.5% per year over the past 6 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
YOUTH OUTDOOR EDUCATION, SPORTS AND SPORTSMANSHIP. WINTER PROGRAM INCLUDES SKI AND SNOWBOARD SACING AND COMPETITION. SUMMER SEASON INCLUDES MOUNTAIN BIKING AND DRYLAND TRAINING PREPARATION FOR THE WINTER SEASON. PROGRAMS EXIST FOR AGES 6-22.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORE PROGRAM: YOUTH ATHLETES AGES 8-22, PARTICIPATING IN THE AGE CLASS AND ABILITY ALPINE SKI RACING GROUPS U10 - FIS. ATHLETES PARTICIPATE YEAR ROUND IN: DRYLAND, SUMMER SKI CAMPS, AND THE WINTER PROGRAM CONSISTS OF PART-TIME AND FULL-TIME PROGRAMS. ENROLLMENT FOR THE 2020 - 2021 SKI SEASON WAS 81 ATHLETES. THE CORE ABILITY AND AGE CLASS PROGRAMS PROMOTE REGIONAL, NATIONAL AND INTERNATIONAL COMPETITION. THE PROGRAMS ARE STAFFED BY FULL TIME, YEAR ROUND COACHES, AS WELL AS PART AND FULL TIME SEASONAL COACHES.
JUNIOR RACE PROGRAM: THE PROGRAM IS COMPRISED OF YOUTH ATHLETES AGES 6 - 13, PARTICIPATING IN A 14 WEEK SATURDAY OR SUNDAY PROGRAM OPERATING DEC. THROUGH BEGINNING OF APRIL. ENROLLMENT WAS 113 ATHLETES DURING THE 2020- 2021 SEASON, WITH COMPETITIONS ON EITHER AT HOME ON SAT. OR AWAY COMPETITIONS ON SUNDAYS. THE GOAL OF THE PROGRAM FOCUSES ON INTRODUCTORY ALPINE COMPETITION SKILLS, INCLUDING SLALOM, GIANT SLALOM AND KOMBI TECHNIQUES. THE PROGRAM IS STAFFED BY A YEAR ROUND DIRECT, AND SEASONAL PART TIME EMPLOYEES. WE ALSO HAVE SEVERAL VOLUNTEERS WHO PARTICIPATE IN THE PROGRAM.
SINGLE TRACK MOUNTAIN BIKE ADVENTURES (SMBA): PROMOTES PHYSICAL FITNESS, MOUNTAIN BIKE DEVELOPMENT AND EXPOSURE TO COMPETITIVE MOUNTAIN BIKE RACING. TEAM PARTICIPANTS AND WEEKLY CAMP PARTICIPANTS MAKE UP OUR SMBA PROGRAM. WE HAVE 405 TEAM ATHLETES IN THE SPRING, SUMMER AND FALL SESSIONS AND 244 WEEK LONG CAMP ATHLETES. THE SMBA PROGRAM COMPLEMENTS THE ALPINE PROGRAM FOR YEAR-ROUND CONDITIONING AND ATHLETIC OPPORTUNITIES FOR YOUTH IN SPORTS. THE PROGRAMS ARE STAFFED BY A FULL TIME YEAR ROUND DIRECTOR AND FULL AND PART TIME SEASONAL MOUNTAIN BIKE COACHES.
SNOWBOARD AND SLOPESTYLE PROGRAMS: CONSISTED OF 42 ENROLLED ATHLETES AND SEVERAL MINI CAMPS, PARTICIPATING FROM NOV. THROUGH APRIL. THE PROGRAM FOCUSES ON SKILL DEVELOPMENT ALONG WITH TECHNICAL AND TACTICAL PROGRESSIONS DURING THE WEEK AND WEEKENDS. ALPINE SNOWBOARD PROGRAM IS FOCUSED ON YOUTH DEVELOPMENT IN GIANT SLALOM, SLALOM AND SNOWBOARD CROSS DISCIPLINES. ATHLETES COMPETE AT THE REGIONAL AND NATIONAL LEVELS. THE PROGRAM IS STAFFED BY SEASONAL PART TIME COACHES EXCEPT FOR A YEAR ROUND DIRECTOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Tomasko Executive Di | Officer | 60 | $102,174 |
Mike Mccue Vice Preside | OfficerTrustee | 4 | $0 |
Kevin Gawenus Treasurer | OfficerTrustee | 4 | $0 |
Jonathan Lantz President | OfficerTrustee | 2 | $0 |
Mary Beth Reece Secretary | OfficerTrustee | 3 | $0 |
Connie Sciolino Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $257,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,744 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $326,444 |
| Total Program Service Revenue | $1,091,287 |
| Investment income | $1,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $60,572 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,479,767 |
| 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. | $102,174 |
| Compensation of current officers, directors, key employees. | $25,544 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $564,974 |
| Pension plan accruals and contributions | $7,549 |
| Other employee benefits | $83,650 |
| Payroll taxes | $46,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $349 |
| Office expenses | $33,554 |
| Information technology | $14,720 |
| Royalties | $0 |
| Occupancy | $6,305 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $774 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $41,233 |
| All other expenses | $0 |
| Total functional expenses | $1,010,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $464,078 |
| Savings and temporary cash investments | $317,493 |
| 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 | $781,571 |
| Accounts payable and accrued expenses | $2,061 |
| 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 | $2,061 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $779,510 |
| Total liabilities and net assets/fund balances | $781,571 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lake Eldora Racing Team Association has recieved totaling $37,859.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $17,830 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Strength And Conditioning Association Colorado Springs, CO | $12,602,361 | $15,722,009 |
Big Sky Conference Inc Farmington, UT | $4,422,579 | $11,081,936 |
National High School Rodeo Association Inc Denver, CO | $13,829,431 | $9,583,600 |
Rsl Youth Academy Foundation Logan, UT | $5,920,403 | $602,430 |
New Mexico Activities Association Albuquerque, NM | $3,946,140 | $4,114,248 |
Rocky Mountain Athletic Conference Colorado Springs, CO | $932,570 | $1,649,566 |
Crested Butte Nordic Council Crested Butte, CO | $2,359,345 | $2,554,393 |
American Snowsports Education Assoc Inc - Education Foundation Lakewood, CO | $2,064,458 | $1,127,818 |
Charter Athletic Association Phoenix, AZ | $231,628 | $1,291,845 |
Lake Eldora Racing Team Association Boulder, CO | $781,571 | $1,479,767 |
Rocky Mountain Regional Volleyball Association Denver, CO | $524,050 | $140,664 |
Omaha Multi-Sport Complex Omaha, NE | $13,329,983 | $3,386,122 |