Taos Sports Associates Incorporated
- Assets
- $430.8k
- Revenue
- $470.0k
- Investments
- $0.0
- Employees
- 32
- Location
- Taos, NM
- Founding
- 09/1976
- Data as of
- 04/2022
- EIN
- 85-0241076
Organization Overview
Taos Sports Associates Incorporated is located in Taos, NM. The organization was established in 1976. 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 04/2022, Taos Sports Associates Incorporated employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taos Sports Associates Incorporated 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 04/2022, Taos Sports Associates Incorporated generated $470.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $399.3k during the year ending 04/2022. While expenses have increased by 9.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRAINS YOUTH FOR SKI COMPETITIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FUNDS FOR 33 COACHES & 66 VOLUNTEERS TO TRAIN 228 YOUTH & ADULTS FOR SKI COMPETITIONS & TO ATTEND EVENTS AROUND THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Fox Coach | Officer | 20 | $2,300 |
Jim Ivanovich Vice President | OfficerTrustee | 1 | $0 |
Russ Olson Secretary | OfficerTrustee | 2 | $0 |
Bob Heflin President | OfficerTrustee | 2 | $0 |
Hugh R Friedman Treasurer | OfficerTrustee | 2 | $0 |
Kristi Vine Executive Director | Officer | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $243,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,575 |
| Total Program Service Revenue | $238,733 |
| Investment income | $5,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,541 |
| Net Income from Fundraising Events | -$3,955 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $470,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,147 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,132 |
| Compensation of current officers, directors, key employees. | $24,145 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,997 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,274 |
| Fees for services: Other | $1,000 |
| Advertising and promotion | $4,061 |
| Office expenses | $1,142 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $805 |
| Travel | $8,458 |
| 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 | $4,281 |
| Insurance | $27,717 |
| All other expenses | $42,657 |
| Total functional expenses | $399,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,415 |
| Savings and temporary cash investments | $0 |
| 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 | $3,418 |
| Investments—publicly traded securities | $171,917 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $430,750 |
| Accounts payable and accrued expenses | $11,196 |
| 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 | $11,196 |
| 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 | $419,554 |
| Total liabilities and net assets/fund balances | $430,750 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Taos Sports Associates Incorporated has recieved totaling $11,014.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Youth Development | $10,000 |
Robinson Family Foundation Harrison, NY PURPOSE: TWST PROGRAM | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
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New Mexico Activities Association Albuquerque, NM | $3,946,140 | $4,114,248 |
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Crested Butte Nordic Council Crested Butte, CO | $2,359,345 | $2,554,393 |
Sports Catalyst Inc Spring, TX | $3,372,217 | $3,408,167 |
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