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Nonprofiteer
← PIKES PEAK AUTO HILL CLIMB EDUCATIONAL MUSEUM INC

Form 990 for tax year 2024

Filed by PIKES PEAK AUTO HILL CLIMB EDUCATIONAL MUSEUM INC.

Totals

Total revenue
$2,671,892
Total expenses
$2,326,730
Contributions and grants received
$0
Grants paid
$19,500
Program service revenue
$2,528,149
Investment income
$75,582
Other revenue
$68,161
Total assets, end of year
$2,582,408
Total liabilities, end of year
$145,364
Net assets or fund balances, end of year
$2,437,044
Program services expenses (Part IX)
$2,249,932
Management and general expenses
$76,798
Fundraising expenses
$0
Program service expenses (Part III)
$2,249,932

Program services were 96.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Sponsorships

    total $1,125,660 · related or exempt $1,125,660

  • 2b · Program service revenue: Entry Fees

    total $811,298 · related or exempt $811,298

  • 2c · Program service revenue: Ticket Sales

    total $482,686 · related or exempt $482,686

  • 2d · Program service revenue: Media Production

    total $108,505 · related or exempt $108,505

  • 3 · Investment income

    total $52,908 · excluded $52,908

  • 7a · Gross sales of assets other than inventory

    securities $68,022

  • 7b · Less cost or other basis and sales expenses

    securities $45,348

  • 7c · Gain or loss

    securities $22,674

  • 7d · Net gain or loss

    total $22,674 · excluded $22,674

  • 11a · Other revenue: Merchandise commission

    total $42,499 · related or exempt $42,499

  • 11b · Other revenue: Other income

    total $25,662 · excluded $25,662

  • 11e · Other revenue, total

    $68,161

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,500 · program services $19,500

  • 5 · Compensation of officers, directors and key employees

    total $143,230 · program services $143,230

  • 7 · Other salaries and wages

    total $288,202 · program services $288,202

  • 9 · Other employee benefits

    total $36,972 · program services $36,972

  • 10 · Payroll taxes

    total $31,416 · program services $31,416

  • 11a · Fees: management

    total $75,000 · program services $75,000

  • 11c · Fees: accounting

    total $7,652 · management and general $7,652

  • 11g · Fees: other

    total $53,641 · program services $53,641

  • 12 · Advertising and promotion

    total $69,146 · management and general $69,146

  • 13 · Office expenses

    total $193,878 · program services $193,878

  • 14 · Information technology

    total $3,669 · program services $3,669

  • 16 · Occupancy

    total $3,413 · program services $3,413

  • 17 · Travel

    total $36,559 · program services $36,559

  • 19 · Conferences, conventions and meetings

    total $57,243 · program services $57,243

  • 22 · Depreciation, depletion and amortization

    total $11,943 · program services $11,943

  • 23 · Insurance

    total $152,080 · program services $152,080

  • 24a · Other expenses: Race and competition

    total $554,286 · program services $554,286

  • 24b · Other expenses: Media

    total $402,081 · program services $402,081

  • 24c · Other expenses: Special projects

    total $103,283 · program services $103,283

  • 24d · Other expenses: Fan fest

    total $83,536 · program services $83,536

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $73,687 · end of year $196,161

  • 2 · Savings and temporary cash investments

    beginning of year $1,132,005 · end of year $818,269

  • 4 · Accounts receivable

    beginning of year $259,550 · end of year $5,300

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,800 · end of year $25,691

  • 10a · Land, buildings and equipment: cost or other basis

    $145,291

  • 10b · Land, buildings and equipment: accumulated depreciation

    $44,424

  • 10c · Land, buildings and equipment, net

    beginning of year $63,353 · end of year $100,867

  • 12 · Investments: other securities

    beginning of year $689,480 · end of year $1,244,169

  • 15 · Other assets

    beginning of year $191,951 · end of year $191,951

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,463 · end of year $16,843

  • 19 · Deferred revenue

    beginning of year $384,600 · end of year $128,521

  • 25 · Other liabilities

    beginning of year $5,254 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,026,036 · end of year $2,434,179

  • 28 · Net assets with donor restrictions

    beginning of year $8,473 · end of year $2,865

Mission and programs · 2024

Mission

The PPIHC Education Museum provides public education through its museum about the history of auto racing on Pikes Peak, conducts the annual PPIHC race and reports on technology development in racing.

Activities or mission (Part I)

To promote and develop educational awareness of advancements in motorsports technology and automotive engineering while maintaining and preserving the history of the Pikes Peak International Hill Climb.

  • 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 community outreach.

    Expenses $1,402,262 · Grants $19,500 · Revenue $2,421,408

  • The PPIHC Administration provides support for the permanent museum, the traveling museum, the operational administration of the PPIHC Organization, the annual PPIHC race, as well as the promotion of all public education and community outreach. The Museum provides financial and operational support to the City of Colorado Springs through the Pikes Peak Highway Authority along with the operational support to the City of Colorado Springs for the conduct of the annual PPIHC Fan Fest Community event.

    Expenses $779,070 · Revenue $42,499

  • The PPIHC Museum in concert with the City of Colorado Springs conducts the annual Fan Fest event. Open to the Community and all visitors, the Fan Fest event highlights the history of racing on Pikes Peak displaying significant historical race cars & memorabilia. Fan Fest promotes the City of Colorado Springs, its agencies and organizations supporting the City, as well as the annual PPIHC Race. This annual event provides a public forum showcasing the Hill Climb Race; provides tours through the museum with access to drivers, race officials and to the agencies of the City of Colorado Springs.

    Expenses $68,600 · Revenue $106,741

As filed on the 2024 return.

Listed in Part VII

  • Frederick A Veitch

    Chairman

    Total calculated
    $0
    Hours/week
    5

  • Mike Bukowski

    1st Vice Chairman

    Total calculated
    $0
    Hours/week
    2

  • Peter Freytag

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Marla Wiseman

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Bob Gillis

    Director Emeritus

    Total calculated
    $0
    Hours/week
    1

  • Amanda Baida

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Jim Jordan

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Luke R Smith

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Matthew Angelidis

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Megan Leatham

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Roger Lovell

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Steve Matthiesen

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Steve Smith

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Theo Gregory

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Melissa Eickhoff

    CEO

    Total calculated
    $143,230
    From this org
    $143,230
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.2
Source object
202522949349300137

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