Light Ranch At Old Snowmass Charitable Trust Inc
- Assets
- $1.1m
- Revenue
- $119.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Glenwood Springs, CO
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 84-1420992
Organization Overview
Light Ranch At Old Snowmass Charitable Trust Inc is located in Glenwood Springs, CO. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Light Ranch At Old Snowmass Charitable Trust Inc 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, Light Ranch At Old Snowmass Charitable Trust Inc generated $119.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $78.4k during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 4 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.
Since 2020, Light Ranch At Old Snowmass Charitable Trust Inc has awarded 84 individual grants totaling $219,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger D Maggard President | 1 | $0 | |
Joe R Hood Secretary/treasurer | 0.25 | $0 | |
Anne Marie Mcphee Secretary | 0.25 | $0 | |
Sara Dunn Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,535 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,200 |
| Capital Gain Net Income | $85,200 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $119,735 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $520 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,403 |
| Contributions, gifts, grants paid | $54,000 |
| Total expenses and disbursements | $78,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,104 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $800 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,139,731 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,145,635 |
| Accounts payable and accrued expenses | $562 |
| Grants payable | $5,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,562 |
Grants Awarded
Over the last fiscal year, Light Ranch At Old Snowmass Charitable Trust Inc has awarded $54,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
SAMANTHA LIMONGELLI PURPOSE: SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY) | $5,000 |
ELIZABETH HERNANDEZ PURPOSE: SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY) | $5,000 |
UBALDO BOGARIN PURPOSE: SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY) | $5,000 |
AUSTIN PAGAN PURPOSE: SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY) | $4,000 |
ESTHER MERCADO PURPOSE: SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY) | $4,000 |
SIERRA BOWER PURPOSE: SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY) | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
College Success Arizona Phoenix, AZ | $19,037,884 | $6,349,882 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
Papillion Lavista Schools Foundation Papillion, NE | $9,484,528 | $7,053,869 |