Skip to content
Nonprofiteer
← LAKE ELDORA RACING TEAM ASSOCIATION

Form 990 for tax year 2024

Filed by LAKE ELDORA RACING TEAM ASSOCIATION.

Totals

Total revenue
$1,439,875
Total expenses
$1,507,013
Contributions and grants received
$309,829
Grants paid
$0
Program service revenue
$1,032,808
Investment income
$16,968
Other revenue
$80,270
Total assets, end of year
$431,019
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$431,019
Program services expenses (Part IX)
$1,244,140
Management and general expenses
$169,237
Fundraising expenses
$93,636
Program service expenses (Part III)
$1,244,140

Program services were 82.6% 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

    $309,829

  • 2a · Program service revenue: CORE PROGRAM

    total $328,978 · related or exempt $328,978

  • 2b · Program service revenue: SNOWBOARD/SLOPESTYLE PROGRAM

    total $274,622 · related or exempt $274,622

  • 2c · Program service revenue: DEVELOPMENT PROGRAM

    total $231,151 · related or exempt $231,151

  • 2d · Program service revenue: SMBA BIKE PROGRAM

    total $198,057 · related or exempt $198,057

  • 3 · Investment income

    total $16,968 · related or exempt $16,968

  • 8a · Fundraising events: gross income

    $51,021

  • 8b · Fundraising events: direct expenses

    $8,908

  • 8c · Net income from fundraising events

    total $42,113

  • 10a · Gross sales of inventory

    $90,059

  • 10b · Cost of goods sold

    $51,902

  • 10c · Net income from sales of inventory

    total $38,157 · related or exempt $38,157

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $117,153 · program services $64,434 · management and general $29,288 · fundraising $23,431

  • 7 · Other salaries and wages

    total $812,575 · program services $690,689 · management and general $73,132 · fundraising $48,754

  • 8 · Pension plan contributions

    total $7,440 · program services $4,092 · management and general $1,860 · fundraising $1,488

  • 9 · Other employee benefits

    total $113,966 · program services $83,195 · management and general $22,793 · fundraising $7,978

  • 10 · Payroll taxes

    total $71,101 · program services $59,014 · management and general $8,532 · fundraising $3,555

  • 11c · Fees: accounting

    total $3,502 · program services $2,101 · management and general $1,051 · fundraising $350

  • 12 · Advertising and promotion

    total $5,412 · program services $5,412

  • 13 · Office expenses

    total $52,180 · program services $31,308 · management and general $15,654 · fundraising $5,218

  • 14 · Information technology

    total $15,083 · program services $10,558 · management and general $4,525

  • 16 · Occupancy

    total $5,096 · program services $2,803 · management and general $2,038 · fundraising $255

  • 19 · Conferences, conventions and meetings

    total $1,117 · program services $893 · management and general $168 · fundraising $56

  • 23 · Insurance

    total $57,561 · program services $51,805 · management and general $5,756

  • 24a · Other expenses: VAN/TRANSPORTATION

    total $127,553 · program services $121,175 · management and general $3,827 · fundraising $2,551

  • 24b · Other expenses: RACE SUPPORT

    total $58,360 · program services $58,360

  • 24c · Other expenses: ATHLETE SUPPORT

    total $46,664 · program services $46,664

  • 24d · Other expenses: CC, BANK FEES, SALES TAX

    total $12,250 · program services $11,637 · management and general $613

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $177,731 · end of year $104,001

  • 2 · Savings and temporary cash investments

    beginning of year $321,623 · end of year $327,018

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,197

  • 31 · Retained earnings, endowment or other funds

    beginning of year $498,157 · end of year $431,019

Mission and programs · 2024

Mission

YOUTH OUTDOOR EDUCCATION, SPORTS AND SPORTMANSHIP. WINTER PROGRAMS INCLUDE SKI AND SNOWBOARD ALPINE TRAINING AND RACING AS WELL AS FREESTYLE FREERIDE SKI AND SNOWBOARD TRAINING AND COMPETITIONS. SUMMER SEASON INCLUDES MOUNTAIN BIKING AND DRYLAND PREPARATION FOR THIS WINTER SEASON. BUILDING CHAMPIONS IN SPORTS AND LIFE. PROGRAMS EXIST FOR AGES 5 - 22 YEARS OLD.

  • CORE PROGRAM: YOUTH ATHLETES AGES 8-22, PARTICIPATING IN THE AGE CLASS, ABILITY AND FIS ALPINE SKI RACING PROGRAMS. ATHLETES PARTICIPATE YEAR ROUND IN DRYLAND AND SUMMER SKI PROGRAMS. THE WINTER PROGRAM CONSISTS OF PART TIME AND FULL TIME ATHLETES. ENROLLMENT FOR THE 2024-2025 SKI SEASON WAS 63 ATHLETES. THE CORE AGE CLASS, ABILITY AND FIS PROGRAMS PROMOTE REGIONAL AND NATIONAL COMPETITION. THE PROGRAM WAS STAFFED BY FULL TIME YEAR ROUND COACHES AS WELL AS PART TIME SEASONAL COACHES.

    Expenses $452,703 · Revenue $328,978

  • YOUTH SKI LEAGUE (JR. RACE PROGRAM): THE PROGRAM IS COMPRISED OF YOUTH ATHLETES AGES 6-17 YEARS OLD, PARTICIPATING IN A 16 WEEK PROGRAM, ON EITHER SAT. OR SUNDAY OPERATING DEC. THROUGH END THE. MARCH. COMPETITIONS TAKE PLACE ON SUNDAYS WITH 4 AWAY RACES AND ONE AT HOME. ENROLLMENT FOR THE 2024-2025 SEASON WAS 105 ATHLETES. THE GOAL OF THE PROGRAM FOCUSES ON INTRODUCTORY ASLPINE COMPETITIONS SKILLS, INLCUDING SLALOM, GIANT SLALOM AND KOMBI TECHNIQUES. THE PROGRAM IS STAFFED BY A YEAR ROUND DIREOCTOR AS WELL AS PART TIME SEASONAL YSL ALPINE COACHES. WE ALSO HAVE SEVERAL VOLUNTEERS WHO PARTICIPATE IN THE PROGRAM.

    Expenses $214,308 · Revenue $231,151

  • SINGLE TRACK MOUNTAIN BIKE ADVENTURES (SMBA): SMBA IS A MOUNTAIN BIKE PROGRAM SERVING THE FRONT RANGE WITH YOUTH AGES 4-18 YEARS OLD. SMBA PROMOTES PHYSICAL FITNESS, MOUNTAIN BIKE SKILL DEVELOPMENT AND EXPOSURE TO COMPETITIVE MOUNTAIN BIKE RACING. THE PROGRAM CONSISTS OF CAMPS IN THE SUMMER AND TEAM IN THE SPRING, FALL AND 2 SUMMER SESSIONS. DIRT RIDERS FOR YOUNGER ATHLETES FROM AGES 4-6 ALSO PARTIPCATE IN THE SPRING AND FALL. IN 2025 WE HAD 401 ATHLETES. THE PROGRAM IS STAFFED BY A FULL TIME DIRECTOR AND ASSISTANT DIRECTOR AS WELL AS PART AND FULL TIME SEASONAL STAFF.

    Expenses $377,241 · Revenue $198,057

  • THE FREESTYLE/FREERIDE PROGRAM CONSISTS OF ATHLETES AGES 8 - 18. THE PROGRAM CONSISTS OF OUR ALL MOUNTAIN DEVO PROGRAM WHICH IS THE INTRODUCTION TO FREESTYLE AND FREERIDE SPORT. AHTLETES LEARN AND TRAIN IN THE PARK, WORKING ON SKILLS FOR TRICKS, JUMPS ETC. AS WELL AS BIG MOUTAIN TRAINING. ATHLETES IN THE PROGRAM CAN COMPETE IN A MULITUDE OF COMPETITIONS; BIG MOUTAIN, SLOPESTYLE, RAIL JAMS ETC. THE PROGRAM IS STAFFED BY A YEAR ROUND DIRECTOR AS WELL AS PART TIME AND FULL TIME SEASONAL COACHES. IN THE SPRING, FALL AND SUMMER WE UTILIZE TRAMPOLINES AT SNOBAHN AS WELL AS CONDITIONING FOR DRYLAND TRAINING. IN THE 2024 - 2025 WE HAD 86 PARTICIPANTS. ACCOMPLISMENTS FOR 2024 - 2025 SEASON: WE HAD 4 ATHLETES COMPETE AT WORLD JUNIORS IN FREESTYLE/FREERIDE. WE ALSO HAD SEVERAL ATHLETES ATTEND REGIONALS CHAMPIONSHIPS AND PODIUM.

    Expenses $199,888 · Revenue $274,622

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matt Tomasko

    EXECUTIVE DI

    Total calculated
    $170,377
    From this org
    $117,153
    From related orgs
    $0
    Other
    $53,224
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $117,153
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $53,224
    Filer's total
    $170,377
  • Sam Bass

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Jessica Catlin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Kevin Gawenus

    TREASURER

    Total calculated
    $0
    Hours/week
    4
  • Mike McCue

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Chris Monroe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Mary Beth Reece

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Connie Sciolino

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Peter Troller

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 June 2025
IRS schema version
2024v5.0
Source object
202621639349301427

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.