Form 990 for tax year 2023
Filed by PIKES PEAK OR BUST RODEO FOUNDATION.
Totals
- Total revenue
- $4,025,331
- Total expenses
- $6,823,167
- Contributions and grants received
- $3,982,600
- Grants paid
- $6,628,121
- Program service revenue
- $0
- Investment income
- $2,921
- Other revenue
- $39,810
- Total assets, end of year
- $475,100
- Total liabilities, end of year
- $105,814
- Net assets or fund balances, end of year
- $369,286
- Program services expenses (Part IX)
- $6,697,962
- Management and general expenses
- $125,205
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,697,962
Program services were 98.2% 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
$154,838
-
1d · Related organizations
$3,706,221
-
1f · All other contributions, gifts and grants
$121,541
-
3 · Investment income
total $2,921 · excluded $2,921
-
8a · Fundraising events: gross income
$177,770
-
8a · Fundraising events: contributions included on line 1c
$154,838
-
8b · Fundraising events: direct expenses
$151,408
-
8c · Net income from fundraising events
total $26,362 · excluded $26,362
-
11a · Other revenue: MISCELLANEOUS INCOME
total $13,448 · excluded $13,448
-
11e · Other revenue, total
$13,448
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,628,121 · program services $6,628,121
-
7 · Other salaries and wages
total $69,150 · program services $13,830 · management and general $55,320
-
11b · Fees: legal
total $819 · management and general $819
-
11c · Fees: accounting
total $7,440 · management and general $7,440
-
12 · Advertising and promotion
total $2,600 · program services $1,300 · management and general $1,300
-
13 · Office expenses
total $16,630 · program services $11,640 · management and general $4,990
-
16 · Occupancy
total $24,000 · program services $4,800 · management and general $19,200
-
17 · Travel
total $12,241 · program services $9,793 · management and general $2,448
-
23 · Insurance
total $10,036 · program services $5,018 · management and general $5,018
-
24a · Other expenses: TAXES
total $30,659 · program services $13,797 · management and general $16,862
-
24b · Other expenses: BOARD EXPENSES
total $17,293 · program services $7,782 · management and general $9,511
-
24c · Other expenses: PLEDGE DRIVE EXPENSE
total $2,899 · program services $1,305 · management and general $1,594
-
24d · Other expenses: SUPPLIES
total $1,279 · program services $576 · management and general $703
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $312,100 · end of year $301,243
-
2 · Savings and temporary cash investments
beginning of year $1,641,578
-
4 · Accounts receivable
beginning of year $67,548
-
8 · Inventories for sale or use
beginning of year $6,230 · end of year $6,230
-
9 · Prepaid expenses and deferred charges
beginning of year $29,283
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
beginning of year $5,583,912
-
13 · Investments: program-related
beginning of year $215,668
-
15 · Other assets
beginning of year $0 · end of year $167,627
-
17 · Accounts payable and accrued expenses
beginning of year $43,085 · end of year $96,814
-
18 · Grants payable
beginning of year $15,000 · end of year $9,000
-
19 · Deferred revenue
beginning of year $1,626,200
-
22 · Loans and payables to officers and key people
beginning of year $1,000,000
-
23 · Secured mortgages and notes payable
beginning of year $1,958,755
-
25 · Other liabilities
beginning of year $47,353 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $3,165,926 · end of year $369,286
Listed in Part VII
-
MIKE JORGENSEN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RICH BENDER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RALPH BRADEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RICK POWELL
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JERRY BIGGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
SCOTT BRYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
KEVIN CHILTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MATT GRAGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
GARY MARKLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MIKE MCCOY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
BOBBY NORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JEFF RENEHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CAROLE SONDRUP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CATHERINE STEELE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
GEORGE TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
BILL TUTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
THAYER TUTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
KYLE PARK
GENERAL MANAGER
- Total calculated
- $168,337
- From this org
- $0
- From related orgs
- $158,896
- Other
- $9,441
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $153,248 related
- Bonus
- $0 + $5,648 related
- Other
- $0
- Deferred
- $0 + $1,282 related
- Nontaxable benefits
- $0 + $8,159 related
- Filer's total
- $0 + $168,337 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE GENERAL MANAGER IS PAID BY THE RELATED ORGANIZATION, NORRIS PENROSE LEGACY FOUNDATION. THE RELATED ORGANIZATION USES APPROVAL BY THE BOARD TO ESTABLISH COMPENSATION.
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
-
TO SUPPORT THE ONGOING MORALE, WELFARE, AND RECREATION MISSION.
-
$11,000
TO SUPPORT THE ONGOING MORALE, WELFARE, AND RECREATION MISSION.
-
$10,000
TO SUPPORT THE ONGOING MORALE, WELFARE, AND RECREATION MISSION.
-
$10,000
TO SUPPORT THE ONGOING MORALE, WELFARE, AND RECREATION MISSION.
-
$7,500
TO SUPPORT THE ONGOING MORALE, WELFARE, AND RECREATION MISSION.
-
TO SUPPORT THE ONGOING MORALE, WELFARE, AND RECREATION MISSION.
-
TO SUPPORT THE ONGOING MORALE, WELFARE, AND RECREATION MISSION.
-
$6,000
TO SUPPORT THE PRESERVATION OF WESTERN HERITAGE THROUGH THE GIRLS OF THE WEST PROGRAM.
-
$6,000
TO SUPPORT THE ONGOING MORALE, WELFARE, AND RECREATION MISSION.
-
TRANFER OF ASSETS TO ASSIST IN OPERATIONS
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
NORRIS PENROSE LEGACY FOUNDATION
501(C)(3) · EVENT CENTER · CO
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
NORRIS PENROSE LEGACY FOUNDATION
$7,232,218
Disposition · EQUESTRIAN CENTER BUILDING, EQUIPMENT, LAND, CAPITAL IMPROVEMENTS, EQUITY, AND CORRESPONDING ACCUMULATED DEPRECIATION WERE TRANSFERRED TO NORRIS PENROSE LEGACY FOUNDATION, A RELATED ENTITY. · Feb 1, 2023 · 501(C)(3)
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403529349300015
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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