American Alpine Club
- Assets
- $9.5m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 54
- Location
- Golden, CO
- Founding
- 02/1960
- Data as of
- 09/2021
- EIN
- 13-1611981
Organization Overview
American Alpine Club is located in Golden, CO. The organization was established in 1960. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, American Alpine Club employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Alpine Club 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 09/2021, American Alpine Club generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $4.2m during the year ending 09/2021. While expenses have increased by 4.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT A UNITED COMMUNITY OF COMPETENT CLIMBERS AND HEALTHY CLIMBING LANDSCAPES.
Describe the Organization's Program Activity:
COMMUNITY RESOURCES: THE AAC SUPPORTS THE CLIMBING COMMUNITY. THE ORGANIZATION PROVIDES GRANTS FOR CLIMBERS, HELPING MEMBERS CLIMB BEYOND THEIR HOME AREA. ALSO, THE AAC OPERATES SEVERAL CAMPGROUNDS FOR CLIMBERS, INCLUDING THE GRAND TETON CLIMBERS' RANCH IN GRAND TETON NATIONAL PARK, WY., AS WELL AS CAMPGROUNDS IN NEW YORK, TEXAS, WEST VIRGINIA, AND NEW HAMPSHIRE. THE AAC ALSO SUPPORTS MEMBERS BY PROVIDING UP TO 12,500 IN RESCUE BENEFITS. IN ADDITION, THE AAC HOSTS LOCAL, NATIONAL AND INTERNATIONAL EVENTS TO BUILD COMMUNITY AMONG CLIMBERS.
THROUGH THE AMERICAN ALPINE JOURNAL, DISTRIBUTED IN HARD COPY SINCE 1929 AND NOW ALSO ON-LINE, THE AAC RECORDS NEW CLIMBS AND CLIMBING ACCOMPLISHMENTS. THE AAC'S LIBRARY IN GOLDEN, COLORADO IS ONE OF THE WORLD'S LARGEST CLIMBING LIBRARIES, INCLUDING BOOKS, GUIDEBOOKS, MAPS, DVDS, AND OTHER RESOURCES.
CONSERVATION & ADVOCACY RESOURCES: PROTECTING THE PLACES WE CLIMB HAS BEEN CENTRAL TO THE AAC AND HAS BEEN SINCE THE CLUB'S INCEPTION MORE THAN A CENTURY AGO. AAC PROJECTS CAN BE FOUND THROUGHOUT THE WORLD. THE AAC IS ALSO ACTIVE INTERNATIONALLY, INCLUDING INITIATIVES IN ASIA AND SOUTH AMERICA.
COMMUNITY RESOURCES: THE AAC SUPPORTS THE CLIMBING COMMUNITY. THE ORGANIZATION PROVIDES GRANTS FOR CLIMBERS, HELPING MEMBERS CLIMB BEYOND THEIR HOME AREA. ALSO, THE AAC OPERATES SEVERAL CAMPGROUNDS FOR CLIMBERS, INCLUDING THE GRAND TETON CLIMBERS' RANCH IN GRAND TETON NATIONAL PARK, WY., AS WELL AS CAMPGROUNDS IN NEW YORK, TEXAS, WEST VIRGINIA, AND NEW HAMPSHIRE. THE AAC ALSO SUPPORTS MEMBERS BY PROVIDING UP TO 12,500 IN RESCUE BENEFITS. IN ADDITION, THE AAC HOSTS LOCAL AND NATIONAL EVENTS TO BUILD COMMUNITY AMONG CLIMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitsuhiko Iwasaki Former CEO | Officer | 40 | $250,608 |
Jonathan Matthews Former CFO | 40 | $191,740 | |
Kevin Duncan President | OfficerTrustee | 4 | $0 |
David Landman Vice Preside | OfficerTrustee | 4 | $0 |
John Bird Treasurer | OfficerTrustee | 4 | $0 |
Jennifer Bruursema Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $211,258 |
| Related organizations | $0 |
| Government grants | $378,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,722,082 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,311,740 |
| Total Program Service Revenue | $2,858,002 |
| Investment income | $60,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $71,446 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $43,522 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,208,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $132,361 |
| 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 | $2,173,094 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,292 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,329 |
| Fees for services: Accounting | $19,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,696 |
| Fees for services: Other | $23,856 |
| Advertising and promotion | $345,161 |
| Office expenses | $313,629 |
| Information technology | $117,743 |
| Royalties | $0 |
| Occupancy | $45,503 |
| Travel | $23,240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,572 |
| Interest | $7,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,806 |
| Insurance | $65,002 |
| All other expenses | $1,396 |
| Total functional expenses | $4,185,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $979,695 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,805 |
| Prepaid expenses and deferred charges | $23,489 |
| Net Land, buildings, and equipment | $1,324,317 |
| Investments—publicly traded securities | $4,661,078 |
| Investments—other securities | $0 |
| Investments—program-related | $2,356,010 |
| Intangible assets | $0 |
| Other assets | $95,668 |
| Total assets | $9,490,812 |
| Accounts payable and accrued expenses | $187,165 |
| Grants payable | $0 |
| Deferred revenue | $1,895,445 |
| 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 | $491,520 |
| Total liabilities | $2,574,130 |
| Net assets without donor restrictions | $4,704,376 |
| Net assets with donor restrictions | $2,212,306 |
| 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 | $9,490,812 |
Grants Awarded
Over the last fiscal year, American Alpine Club has awarded $36,843 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE FILM PRESERVATION PURPOSE: PASS-THROUGH | $17,343 |
BEDROCK FILM WORKS PURPOSE: PASS-THROUGH | $10,000 |
FRED BECKEY FILM LLC PURPOSE: PASS-THROUGH | $9,500 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that American Alpine Club has recieved totaling $280,128.
| Awarding Organization | Amount |
|---|---|
Edith H Overly Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $80,000 |
Arnold And Mabel Beckman Foundation Irvine, CA PURPOSE: RESEARCH, GENERAL SUPPORT & EDUCATION | $50,000 |
Community Foundation Of Jackson Hole Jackson, WY PURPOSE: GENERAL OPERATING SUPPORT | $34,037 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $27,997 |
Treeline Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT | $15,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $10,000 |
Endowment Analysis
| Beg. Balance | $1,462,747 |
| Earnings | $199,386 |
| Net Contributions | $20,000 |
| Other Expense | $55,428 |
| Ending Balance | $1,626,705 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Figure Skating Association Colorado Springs, CO | $17,642,833 | $19,148,082 |
Usa Hockey Foundation Colorado Springs, CO | $49,949,218 | $18,128,256 |
Ski And Snowboard Club Vail Vail, CO | $13,295,596 | $9,159,333 |
Steamboat Springs Winter Sports Club Inc Steamboat Springs, CO | $1,668,476 | $5,975,021 |
Aspen Valley Ski-Snowboard Club Inc Aspen, CO | $7,027,806 | $6,714,655 |
Cooper Hill Ski Area Inc Leadville, CO | $7,003,868 | $5,855,683 |
Coyotes Amateur Hockey Association Scottsdale, AZ | $1,010,325 | $4,778,819 |
American Alpine Club Golden, CO | $9,490,812 | $5,208,382 |
Utah Ski Association Salt Lake City, UT | $2,005,466 | $3,369,684 |
Usa Nordic Sport Inc Park City, UT | $182,007 | $3,079,975 |
Littleton Hockey Association Littleton, CO | $1,019,905 | $2,579,388 |
Ussa Investment Fund Park City, UT | $64,423,914 | $5,414,960 |