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 TomaskoMATT 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 BassSAM BASS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jessica CatlinJESSICA CATLIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kevin GawenusKEVIN GAWENUS
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Mike McCueMIKE MCCUE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Chris MonroeCHRIS MONROE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mary Beth ReeceMARY BETH REECE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Connie SciolinoCONNIE SCIOLINO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Peter TrollerPETER 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
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