Pikes Peak Auto Hill Climb Educational Museum Inc
- Assets
- $2.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 06/1989
- Data as of
- 12/2021
- EIN
- 84-1107922
Organization Overview
Pikes Peak Auto Hill Climb Educational Museum Inc, operating under the name Pikes Peak Auto Hill Climb Educational M, is located in Colorado Springs, CO. The organization was established in 1989. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pikes Peak Auto Hill Climb Educational M 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 12/2021, Pikes Peak Auto Hill Climb Educational M generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 5.5% 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
EDUCATIONAL MUSEUM PROVIDING PUBLIC EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM RACE DIVISION CONDUCTS THE ANNUAL PIKES PEAK INTERNATIONAL HILL CLIMB AUTOMOBILE RACE WHICH SUPPORTS THE MUSEUM ALONG WITH THE MUSEUM EDUCATION PROGRAMS AND THE COMMUNITY OUTREACH.
THE PPIHC ADMINISTRATION PROVIDES SUPPORT FOR THE PERMANENT MUSEUM, THE MOBILE TRAVELING MUSEUM, THE OPERATIONAL ADMINISTRATION OF THE PPIHC ORGANIZATION, THE ANNUAL PPIHC RACE, AS WELL AS THE PROMOTION OF PUBLIC EDUCATION AND PUBLIC OUTREACH. THE MUSEUM ADMINISTRATION ALSO PROVIDES SUPPORT TO THE PIKES PEAK HIGHWAY AUTHORITY AND ADMINISTRATIVE AND OPERATIONAL SUPPORT FOR THE ANNUAL CITY OF COLORADO SPRINGS FAN FEST COMMUNITY EVENT WHICH WAS CANCELLED IN 2020 AND 2021 DUE TO THE COVID-19 PANDEMIC.
THE ANNUAL COLORADO SPRINGS FAN FEST EVENT WAS CANCELLED IN BOTH 2020 AND 2021 DUE TO THE COVID-19 PANDEMIC. NO REVENUE OR EXPENSE WAS RECORDED OR RECOGNIZED IN CALENDAR YEAR 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Bukowski Vice Chairman | OfficerTrustee | 2 | $0 |
Peter Freytag Treasurer | OfficerTrustee | 2 | $0 |
Bob Gillis Past Board Chairman | OfficerTrustee | 2 | $0 |
Laura Muir Secretary | OfficerTrustee | 1 | $0 |
Frederick Veitch Chairman Board Trustee | OfficerTrustee | 5 | $0 |
Chuck Delich Board Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $124,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,398 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,904 |
| Total Program Service Revenue | $1,468,753 |
| Investment income | $142,526 |
| 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 | $1,777,028 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $328,764 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $171,889 |
| Office expenses | $70,993 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,916 |
| Travel | $664 |
| 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 | $5,971 |
| Insurance | $85,122 |
| All other expenses | $0 |
| Total functional expenses | $1,386,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $903,415 |
| Savings and temporary cash investments | $1,092,292 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,750 |
| 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 | $9,500 |
| Net Land, buildings, and equipment | $75,295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $191,951 |
| Total assets | $2,275,203 |
| Accounts payable and accrued expenses | $13,679 |
| Grants payable | $0 |
| Deferred revenue | $176,750 |
| 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 | $15,731 |
| Total liabilities | $206,160 |
| Net assets without donor restrictions | $2,062,421 |
| Net assets with donor restrictions | $6,622 |
| 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 | $2,275,203 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Pikes Peak Auto Hill Climb Educational Museum Inc has recieved totaling $98,511.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $20,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: RUNNING OF THE BROADMOOR INTERNATIONAL HILL CLIMB | $10,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: 2021 HILL CLIMB | $10,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: RUNNING OF THE BROADMOOR INTERNATIONAL HILL CLIMB | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |
The Arts And Recreation Foundation Of Overland Park Inc Overland Park, KS | $7,303,812 | $3,542,683 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Exploration Place Inc Wichita, KS | $29,741,149 | $4,435,159 |
Cosmosphere Inc Hutchinson, KS | $12,276,263 | $5,989,265 |
Indian Pueblo Cultural Center Inc Albuquerque, NM | $8,961,229 | $4,518,580 |
National Museum Of Wildlife Art Of The United States Jackson, WY | $41,741,861 | $4,638,003 |
The Leonardo Salt Lake City, UT | $1,888,403 | $4,555,150 |
Childrens Museum Of Phoenix Phoenix, AZ | $9,716,806 | $7,301,894 |