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Nonprofiteer
← PIKES PEAK MARATHON INC

Form 990 for tax year 2022

Filed by PIKES PEAK MARATHON INC.

Totals

Total revenue
$820,410
Total expenses
$810,398
Contributions and grants received
$28,187
Grants paid
$45,273
Program service revenue
$767,279
Investment income
$1,886
Other revenue
$23,058
Total assets, end of year
$363,534
Total liabilities, end of year
$89
Net assets or fund balances, end of year
$363,445
Program services expenses (Part IX)
$795,281
Management and general expenses
$15,117
Fundraising expenses
$0
Program service expenses (Part III)
$795,281

Program services were 98.1% 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.

  • 1f · All other contributions, gifts and grants

    $28,187

  • 2a · Program service revenue: RACE RELATED INCOME

    total $627,360 · related or exempt $627,360

  • 2b · Program service revenue: SPONSORSHIP & RELATED SERVICE

    total $139,919 · related or exempt $139,919

  • 3 · Investment income

    total $1,886 · excluded $1,886

  • 10a · Gross sales of inventory

    $70,614

  • 10b · Cost of goods sold

    $47,556

  • 10c · Net income from sales of inventory

    total $23,058 · related or exempt $23,058

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $45,273 · program services $45,273

  • 5 · Compensation of officers, directors and key employees

    total $135,536 · program services $135,536

  • 7 · Other salaries and wages

    total $20,000 · program services $20,000

  • 10 · Payroll taxes

    total $13,357 · program services $13,357

  • 11b · Fees: legal

    total $1,125 · management and general $1,125

  • 11c · Fees: accounting

    total $4,325 · management and general $4,325

  • 11f · Fees: investment management

    total $9,667 · management and general $9,667

  • 11g · Fees: other

    total $115,157 · program services $115,157

  • 12 · Advertising and promotion

    total $11,869 · program services $11,869

  • 13 · Office expenses

    total $24,450 · program services $24,450

  • 14 · Information technology

    total $1,070 · program services $1,070

  • 16 · Occupancy

    total $43,964 · program services $43,964

  • 17 · Travel

    total $48,003 · program services $48,003

  • 19 · Conferences, conventions and meetings

    total $3,463 · program services $3,463

  • 23 · Insurance

    total $1,073 · program services $1,073

  • 24a · Other expenses: RACE RELATED EXPENSES

    total $198,511 · program services $198,511

  • 24b · Other expenses: PRIZES AND AWARDS

    total $62,401 · program services $62,401

  • 24c · Other expenses: PERMITS & LICENSES

    total $39,088 · program services $39,088

  • 24d · Other expenses: EQUIPMENT

    total $32,066 · program services $32,066

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,113 · end of year $104,516

  • 2 · Savings and temporary cash investments

    beginning of year $228,297 · end of year $259,018

  • 4 · Accounts receivable

    beginning of year $23

  • 17 · Accounts payable and accrued expenses

    end of year $89

  • 29 · Capital stock, trust principal or current funds

    beginning of year $353,433 · end of year $363,445

Mission and programs · 2022

Mission

TO PROVIDE EXCEPTIONAL RACES IN AN OUTSTANDING VENUE THAT PROMOTES PHYSICAL FITNESS, GIVES BACK TO THE COMMUNITY AND ENVIRONMENT IN WHICH THEY OCCUR, AS WELL AS ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS THROUGH COMPETITION.

Activities or mission (Part I)

TO PROVIDE EXCEPTIONAL RACES IN AN OUTSTANDING VENUE THAT PROMOTES PHYSICAL FITNESS, GIVES BACK TO THE COMMUNITY AND ENVIRONMENT IN WHICH THEY OCCUR.

  • PIKES PEAK ASCENT AND MARATHON - OUR PREMIERE RACES PROMOTIONG FITNESS AND ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS BY CLIMBING AMERICAS MOUNTAIN. APPROXIMATELY 800 RUNNERS FOR THE MARATHON AND 1700 FOR THE ASCENT. RACE STARTS IN MANITOU SPRINGS AND RUNNERS CLIMB THE BARR TRAIL TO THE TOP OF PIKES PEAK FOR THE ASCENT AND MAKE THE FULL ROUND TRIP FOR THE MARATHON.

    Expenses $646,412 · Grants $24,890 · Revenue $665,231

  • GARDEN OF THE GODS 10 MILE - 10-MILE RACE PROMOTING FITNESS AND ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS THROUGH THE SCENIC GARDEN OF THE GODS. APPROXIMATELY 1600 RUNNERS RACE ON A ROUTE THROUGH THE GARDEN OF THE GODS PARK IN THE WEST SIDE OF COLORADO SPRINGS.

    Expenses $120,224 · Grants $12,938 · Revenue $103,341

  • BARR TRAIL MOUNTAIN RACE - TRAIL RACE PROMOTING FITNESS AND ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS ALONG THE BARR TRAIL. APPROXIMATELY 400 RUNNERS RUN A 12.6-MILE COURSE AT THE COG RAILWAY STATION (6,750 FT.) IN MANITOU SPRINGS, COLORADO, ASCENDS PIKES PEAK'S ICONIC BARR TRAIL TO BARR CAMP (10,200 FT.) BEFORE TURNING, DESCENDING AND FINISHING AT THE BARR TRAILHEAD.

    Expenses $28,645 · Grants $7,445 · Revenue $21,765

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RONALD ILGEN

    PRESIDENT

    Total calculated
    $65,000
    From this org
    $65,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • KATHLEEN HUBEL

    SECRETARY

    Total calculated
    $50,818
    From this org
    $50,818
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • JOHN GARNER

    DIRECTOR AT

    Total calculated
    $16,500
    From this org
    $16,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • BETH HANEY

    DIRECTOR AT

    Total calculated
    $3,218
    From this org
    $3,218
    From related orgs
    $0
    Other
    $0
    Hours/week
    17

  • BOB BODOR

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    2

  • ED GLEASON

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    2

  • BOB STREET

    TREASURER

    Total calculated
    $0
    Hours/week
    17

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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313199349324901

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