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← ASPEN WINTER SPORTS FOUNDATION INC

Form 990 for tax year 2022

Filed by ASPEN WINTER SPORTS FOUNDATION INC.

Totals

Total revenue
$8,153
Total expenses
$66,331
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$2,421
Other revenue
$5,732
Total assets, end of year
$5,474,440
Total liabilities, end of year
$117,716
Net assets or fund balances, end of year
$5,356,724
Program services expenses (Part IX)
$65,210
Management and general expenses
$1,121
Fundraising expenses
$0
Program service expenses (Part III)
$65,210

Program services were 98.3% 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.

  • 3 · Investment income

    total $2,421 · excluded $2,421

  • 6a · Gross rents

    real property $42,417

  • 6b · Less rental expenses

    real property $36,685

  • 6c · Rental income or loss

    real property $5,732

  • 6d · Net rental income or loss

    total $5,732 · related or exempt $5,732

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $1,121 · management and general $1,121

  • 22 · Depreciation, depletion and amortization

    total $65,210 · program services $65,210

Balance sheet

Part X, book values.

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

    $6,546,904

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

    $1,200,425

  • 10c · Land, buildings and equipment, net

    beginning of year $2,265,278 · end of year $5,346,479

  • 11 · Investments: publicly traded securities

    beginning of year $113,702 · end of year $122,578

  • 15 · Other assets

    beginning of year $0 · end of year $5,383

  • 21 · Escrow or custodial account liability

    beginning of year $109,192 · end of year $117,716

  • 28 · Net assets with donor restrictions

    beginning of year $2,269,788 · end of year $5,356,724

Mission and programs · 2022

Mission

TO PROVIDE SUPPORT TO THE ASPEN VALLEY SKI/SNOWBOARD CLUB, INC., A 501(C)(3) ORGANIZATION DEDICATED TO PROVIDING CHARACTER DEVELOPMENT TO YOUTH THROUGH AFFORDABLE SKIING/SNOWBOARDING LESSONS AND COMPETITIVE TRAINING.

  • FACILITIES AND SUPPORT FOR ASPEN VALLEY SKI/SNOWBOARD CLUB, INC.

    Expenses $65,210

As filed on the 2022 return.

Listed in Part VII

  • Brooke Peterson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Howie Mallory

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Mike Maple

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Volz

    DIRECTOR OF FINANCE

    Total calculated
    $138,112
    From this org
    $0
    From related orgs
    $134,187
    Other
    $3,925
    Hours/week
    1 + 40 related

  • Eric Knight

    FREESTYLE PROGRAM DIRECTOR

    Total calculated
    $133,798
    From this org
    $0
    From related orgs
    $121,013
    Other
    $12,785
    Hours/week
    1 + 40 related

  • Mark Godomsky

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $215,210
    From this org
    $0
    From related orgs
    $177,867
    Other
    $37,343
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $104,794 related
    Bonus
    $0 + $55,073 related
    Other
    $0 + $18,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $37,343 related
    Filer's total
    $0 + $215,210 related

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

No itemized grants to organizations 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.

  • 323 PARK AVENUE LLC

    RENTAL · CO · income $8,478 · assets $678,727

    Directly controlled by ASPEN WINTER SPORTS FOUNDATION

  • 5309 BOOMERANG LLC

    RENTAL · CO · income $1,190 · assets $1,329,081

    Directly controlled by ASPEN WINTER SPORTS FOUNDATION

  • 263 SOUTHSIDE DRIVE LLC

    RENTAL · CO · income -$3,936 · assets $1,129,686

    Directly controlled by ASPEN WINTER SPORTS FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
10 June 2024
IRS schema version
2022v5.0
Source object
202431629349301128

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