Aspen Center For Environmental Studies Endowment Fund Inc
- Assets
- $11.5m
- Revenue
- $302.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Aspen, CO
- Founding
- 09/2002
- Data as of
- 10/2023
- EIN
- 01-0724451
Organization Overview
Aspen Center For Environmental Studies Endowment Fund Inc is located in Aspen, CO. The organization was established in 2002. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspen Center For Environmental Studies Endowment Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, Aspen Center For Environmental Studies Endowment Fund Inc generated $302.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $635.3k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS FOR SUPPORT OF ASPEN CENTER FOR ENVIRONMENTAL STUDIES, A 501(C) (3) ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT TO ASPEN CENTER FOR ENVIRONMENTAL STUDIES, A 501(C)(3) ORGANIZATION LOCATED IN ASPEN AND BASALT, COLORADO.ACES INSPIRES A LIFE-LONG COMMITMENT TO THE EARTH BY PROVIDING INNOVATIVE AND IMMERSIVE EDUCATIONAL PROGRAMMING FOR ALL AGES. WE HAVE THREE LOCATIONS: HALLAM LAKE, ROCK BOTTOM RANCH, AND CATTO CENTER AT TOKLAT. OUR EDUCATION PROGRAMS FOCUS ON ECOLOGICAL LITERACY, REGENERATIVE AGRICULTURE, FOREST AND ECOSYSTEM HEALTH, LAND RESTORATION, AND ENVIRONMENTAL CIVIC LEADERSHIP AND THEY REACH OVER 140,000 INDIVIDUALS EVERY YEAR. IN PARTNERSHIP WITH 60 PLUS PARTNER ORGANIZATIONS, ACES TEACHES ENVIRONMENTAL SCIENCE DAILY IN SCHOOLS FROM ASPEN TO RIFLE COLORADO, PROVIDES DAY CAMPS FOR CHILDREN IN THE SUMMER AND OVER SELECT HOLIDAYS, GUIDES ADULTS AND YOUTHS OF ALL AGES ON OUTDOOR NATURE CLASSES, GUIDED HIKES AND FIELD PROGRAMS. WE ALSO ENGAGE OUR COMMUNITY BY HOSTING PUBLIC LECTURES AND EVENTS ABOUT CUTTING EDGE ENVIRONMENTAL SCIENCE. THROUGH COLLABORATIONS WITH LAND TRUSTS, PUBLIC AGENCIES AND OTHER NONPROFIT ORGANIZATIONS; ACES CARRIES OUT ITS MISSION "EDUCATING FOR ENVIRONMENTAL RESPONSIBILITY."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise Hoversten President | OfficerTrustee | 2 | $0 |
Mark Pearson Vice President | OfficerTrustee | 2 | $0 |
Alexandra Flynn Phillips Treasurer | OfficerTrustee | 2 | $0 |
Mirte Mallory Director | Trustee | 2 | $0 |
David Corbin Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,594 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,594 |
| Total Program Service Revenue | $0 |
| Investment income | $179,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $121,118 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $302,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $585,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,455 |
| Fees for services: Other | $10,820 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $635,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,266 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $255,807 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,221,539 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,679 |
| Total assets | $11,503,291 |
| Accounts payable and accrued expenses | $12,820 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,820 |
| Net assets without donor restrictions | $4,633,327 |
| Net assets with donor restrictions | $6,857,144 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,503,291 |