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Nonprofiteer
← PIKES PEAK MARATHON INC

Form 990 for tax year 2023

Filed by PIKES PEAK MARATHON INC.

Totals

Total revenue
$863,558
Total expenses
$830,796
Contributions and grants received
$24,627
Grants paid
$37,124
Program service revenue
$791,324
Investment income
$3,539
Other revenue
$44,068
Total assets, end of year
$396,207
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$396,207
Program services expenses (Part IX)
$734,623
Management and general expenses
$96,173
Fundraising expenses
$0
Program service expenses (Part III)
$734,623

Program services were 88.4% 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

    $24,627

  • 1g · Noncash contributions included above

    $12,500

  • 2a · Program service revenue: RACE RELATED INCOME

    total $647,926 · related or exempt $647,926

  • 2b · Program service revenue: SPONSORSHIP & RELATED SERVICE

    total $143,398 · related or exempt $143,398

  • 3 · Investment income

    total $3,539 · excluded $3,539

  • 10a · Gross sales of inventory

    $73,403

  • 10b · Cost of goods sold

    $29,335

  • 10c · Net income from sales of inventory

    total $44,068 · related or exempt $44,068

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $37,124 · program services $37,124

  • 5 · Compensation of officers, directors and key employees

    total $170,953 · program services $85,390 · management and general $85,563

  • 7 · Other salaries and wages

    total $20,000 · program services $20,000

  • 10 · Payroll taxes

    total $15,398 · program services $6,929 · management and general $8,469

  • 11b · Fees: legal

    total $866 · management and general $866

  • 11c · Fees: accounting

    total $1,275 · management and general $1,275

  • 11g · Fees: other

    total $91,320 · program services $91,320

  • 12 · Advertising and promotion

    total $16,753 · program services $16,753

  • 13 · Office expenses

    total $20,791 · program services $20,791

  • 14 · Information technology

    total $5,464 · program services $5,464

  • 16 · Occupancy

    total $43,616 · program services $43,616

  • 17 · Travel

    total $3,424 · program services $3,424

  • 19 · Conferences, conventions and meetings

    total $3,825 · program services $3,825

  • 23 · Insurance

    total $4,362 · program services $4,362

  • 24a · Other expenses: RACE RELATED EXPENSES

    total $261,689 · program services $261,689

  • 24b · Other expenses: PRIZES AND AWARDS

    total $55,818 · program services $55,818

  • 24c · Other expenses: PERMITS & LICENSES

    total $46,695 · program services $46,695

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $31,423 · program services $31,423

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $104,516 · end of year $80,906

  • 2 · Savings and temporary cash investments

    beginning of year $259,018 · end of year $309,049

  • 4 · Accounts receivable

    end of year $6,252

  • 17 · Accounts payable and accrued expenses

    beginning of year $89

  • 29 · Capital stock, trust principal or current funds

    beginning of year $363,445

  • 31 · Retained earnings, endowment or other funds

    end of year $396,207

Mission and programs · 2023

Mission

TO PROVIDE EXCEPTIONAL RACES IN AN OUTSTANDING VENUE THAT PROMOTES PHYSICAL FITNESS, GIVES BACK TO THE COMMUNITY AND ENVIRONMENT IN WHICH THEY OCCUR, AS WELL AS ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS THROUGH COMPETITION.

Activities or mission (Part I)

TO PROVIDE EXCEPTIONAL RACES IN OUTSTANDING VENUES THAT PROMOTES PHYSICAL FITNESS, GIVES BACK TO THE COMMUNITY AND ENVIRONMENT IN WHICH THEY OCCUR, AS WELL AS ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS THROUGH COMPETITION.

  • PIKES PEAK ASCENT AND MARATHON - OUR PREMIERE RACES PROMOTIONG FITNESS AND ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS BY CLIMBING AMERICAS MOUNTAIN. APPROXIMATELY 800 RUNNERS FOR THE MARATHON AND 1700 FOR THE ASCENT. RACE STARTS IN MANITOU SPRINGS AND RUNNERS CLIMB THE BARR TRAIL TO THE TOP OF PIKES PEAK FOR THE ASCENT AND MAKE THE FULL ROUND TRIP FOR THE MARATHON.

    Expenses $592,137 · Grants $21,107 · Revenue $651,904

  • GARDEN OF THE GODS 10 MILE - 10-MILE RACE PROMOTING FITNESS AND ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS THROUGH THE SCENIC GARDEN OF THE GODS. APPROXIMATELY 1600 RUNNERS RACE ON A ROUTE THROUGH THE GARDEN OF THE GODS PARK IN THE WEST SIDE OF COLORADO SPRINGS.

    Expenses $114,540 · Grants $10,870 · Revenue $156,447

  • BARR TRAIL MOUNTAIN RACE - TRAIL RACE PROMOTING FITNESS AND ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS ALONG THE BARR TRAIL. APPROXIMATELY 400 RUNNERS RUN A 12.6-MILE COURSE AT THE COG RAILWAY STATION (6,750 FT.) IN MANITOU SPRINGS, COLORADO, ASCENDS PIKES PEAK'S ICONIC BARR TRAIL TO BARR CAMP (10,200 FT.) BEFORE TURNING, DESCENDING AND FINISHING AT THE BARR TRAILHEAD.

    Expenses $27,946 · Grants $5,147 · Revenue $27,041

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kathleen Hubel

    SEC/BUSINESS

    Total calculated
    $58,478
    From this org
    $58,478
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Ronald Ilgen

    PRESIDENT

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Jordan Linder

    DIRECTOR AT

    Total calculated
    $34,375
    From this org
    $34,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • John Garner

    DIRECTOR AT

    Total calculated
    $16,500
    From this org
    $16,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Ryan Linder

    DIRECTOR AT

    Total calculated
    $12,600
    From this org
    $12,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Michael Phan

    DIRECTOR AT

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Beth Haney

    DIRECTOR AT

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Ed Gleason

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    2

  • Bob Street

    TREASURER

    Total calculated
    $0
    Hours/week
    10

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202443209349321244

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