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Nonprofiteer
← PIKES PEAK OR BUST RODEO FOUNDATION

Form 990 for tax year 2022

Filed by PIKES PEAK OR BUST RODEO FOUNDATION.

Totals

Total revenue
$2,010,896
Total expenses
$1,823,247
Contributions and grants received
$645,107
Grants paid
$170,080
Program service revenue
$1,243,570
Investment income
$3,984
Other revenue
$118,235
Total assets, end of year
$7,856,319
Total liabilities, end of year
$4,690,393
Net assets or fund balances, end of year
$3,165,926
Program services expenses (Part IX)
$555,520
Management and general expenses
$1,267,727
Fundraising expenses
$0
Program service expenses (Part III)
$555,520

Program services were 30.5% 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.

  • 1c · Fundraising events

    $160,726

  • 1d · Related organizations

    $71,974

  • 1e · Government grants (contributions)

    $230,007

  • 1f · All other contributions, gifts and grants

    $182,400

  • 1g · Noncash contributions included above

    $23,187

  • 2a · Program service revenue: EVENT CENTER

    total $1,005,233 · related or exempt $654,861 · unrelated business $350,372

  • 2b · Program service revenue: CONCESSIONS

    total $233,106 · related or exempt $100,236 · unrelated business $132,870

  • 2c · Program service revenue: ADVERTISING

    total $5,231 · unrelated business $5,231

  • 3 · Investment income

    total $3,984 · unrelated business $148 · excluded $3,836

  • 6a · Gross rents

    real property $122,304

  • 6b · Less rental expenses

    real property $12,317

  • 6c · Rental income or loss

    real property $109,987

  • 6d · Net rental income or loss

    total $109,987 · unrelated business $20,563 · excluded $89,424

  • 8a · Fundraising events: gross income

    $48,574

  • 8a · Fundraising events: contributions included on line 1c

    $160,726

  • 8b · Fundraising events: direct expenses

    $58,626

  • 8c · Net income from fundraising events

    total -$10,052 · excluded -$10,052

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $18,300 · excluded $18,300

  • 11e · Other revenue, total

    $18,300

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $170,080 · program services $170,080

  • 5 · Compensation of officers, directors and key employees

    total $180,666 · program services $36,133 · management and general $144,533

  • 7 · Other salaries and wages

    total $269,111 · program services $53,822 · management and general $215,289

  • 9 · Other employee benefits

    total $15,127 · program services $3,026 · management and general $12,101

  • 10 · Payroll taxes

    total $35,141 · program services $7,028 · management and general $28,113

  • 11b · Fees: legal

    total $4,612 · management and general $4,612

  • 11c · Fees: accounting

    total $14,790 · management and general $14,790

  • 11g · Fees: other

    total $35,997 · program services $5,540 · management and general $30,457

  • 12 · Advertising and promotion

    total $5,014 · program services $2,507 · management and general $2,507

  • 13 · Office expenses

    total $66,603 · program services $13,479 · management and general $53,124

  • 16 · Occupancy

    total $461,439 · program services $92,854 · management and general $368,585

  • 17 · Travel

    total $8,791 · program services $7,033 · management and general $1,758

  • 20 · Interest

    total $111,676 · management and general $111,676

  • 22 · Depreciation, depletion and amortization

    total $194,726 · program services $38,945 · management and general $155,781

  • 23 · Insurance

    total $55,310 · program services $37,700 · management and general $17,610

  • 24a · Other expenses: EVENT EXPENSE

    total $194,164 · program services $87,373 · management and general $106,791

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $422,054 · end of year $312,100

  • 2 · Savings and temporary cash investments

    beginning of year $44,019 · end of year $1,641,578

  • 4 · Accounts receivable

    beginning of year $53,385 · end of year $67,548

  • 8 · Inventories for sale or use

    beginning of year $8,645 · end of year $6,230

  • 9 · Prepaid expenses and deferred charges

    beginning of year $237 · end of year $29,283

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

    $8,481,122

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

    $2,897,210

  • 10c · Land, buildings and equipment, net

    beginning of year $5,421,264 · end of year $5,583,912

  • 13 · Investments: program-related

    beginning of year $183,961 · end of year $215,668

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,731 · end of year $43,085

  • 18 · Grants payable

    beginning of year $25,000 · end of year $15,000

  • 19 · Deferred revenue

    end of year $1,626,200

  • 22 · Loans and payables to officers and key people

    beginning of year $1,000,000 · end of year $1,000,000

  • 23 · Secured mortgages and notes payable

    beginning of year $2,023,241 · end of year $1,958,755

  • 25 · Other liabilities

    beginning of year $11,825 · end of year $47,353

  • 27 · Net assets without donor restrictions

    beginning of year $3,054,768 · end of year $3,165,926

Mission and programs · 2022

Mission

OUR MISSION IS TO PRESERVE OUR WESTERN HERITAGE AND SENSE OF COMMUNITY WHILE PROVIDING RECREATION, EDUCATION AND EXCITING OPPORTUNITIES TO RESIDENTS AND VISITORS ALIKE WHILE MAINTAINING OUR ROOTS IN THE PIKES PEAK REGION.

Activities or mission (Part I)

PRESERVING OUR WESTERN HERITAGE AND SENSE OF COMMUNITY FOR BOTH RESIDENTS AND VISITORS.

  • OPERATION OF EQUESTRIAN AND EVENT CENTER TO PROMOTE AND PRESERVE WESTERN HERITAGE AND SERVE THE COMMUNITY. THE ORGANIZATION ALSO MAKES GRANTS TO MILITARY ORGANIZATIONS WITHIN THE PIKES PEAK REGION TO SUPPORT OPERATIONS.

    Expenses $555,520 · Grants $170,080 · Revenue $755,097

As filed on the 2022 return.

Listed in Part VII

  • KYLE PARK

    GENERAL MANAGER

    Total calculated
    $180,665
    From this org
    $156,190
    From related orgs
    $0
    Other
    $24,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,190
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,475
    Filer's total
    $180,665

  • MIKE JORGENSEN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • RICH BENDER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • RALPH BRADEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • RICK POWELL

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JERRY BIGGS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT BRYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN CHILTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT GRAGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY MARKLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE MCCOY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BOBBY NORRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF RENEHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROLE SONDRUP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CATHERINE STEELE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE TAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILL TUTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THAYER TUTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
14 December 2023
IRS schema version
2022v5.0
Source object
202323499349301257

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