Royal Corporation
- Assets
- $139.3k
- Revenue
- $760.9k
- Investments
- $0.0
- Employees
- 11
- Location
- Buena Vista, CO
- Founding
- 06/2008
- Data as of
- 09/2023
- EIN
- 20-5594193
Organization Overview
Royal Corporation is located in Buena Vista, CO. The organization was established in 2008. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 09/2023, Royal Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royal Corporation 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 09/2023, Royal Corporation generated $760.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $1.1m during the year ending 09/2023. 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
TO PROVIDE THE BEST ACTION SPORTS TRAINING AVAILABLE WHILE REACHING YOUTH WITH GOSPEL AND LIVE AS CHILDREN OF GOD
Describe the Organization's Program Activity:
Part 3 - Line 4a
REACHING THE NEXT GENERATION WITH THE GOSPEL THROUGH DIVERSE,CULTURALL CULTURALLY ELEVANT PLATFORMS, INCLUDING BUT NOT LIMITED TO ELITE RESIDMULTI-DISCIPLINARY ACTION SPORTS SUMMER TRAINING CAMPS, MOBILE TOURS AND DEMONSTRATIONS, CHURCH AND CORPORATE RETREATS, AND LEADERSHIP PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Heidemann President | OfficerTrustee | 1 | $7,500 |
Cole Bangert Member | Trustee | 1 | $0 |
Todd Sandel Member | Trustee | 1 | $0 |
Elizabeth Barry Treasurer | Trustee | 1 | $0 |
Zach Bearss Member | Trustee | 1 | $0 |
Joshua Hale Secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jake Kinney Consultant | 9/29/22 | $31,017 |
Kristen Holt Administrative | 9/29/22 | $49,828 |
Mason Berry | 9/29/22 | $13,341 |
Matthew C Toth Counsler | 9/29/22 | $53,125 |
Untitled Skateboard Staffer | 9/29/22 | $5,700 |
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 | $573,099 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $573,099 |
| Total Program Service Revenue | $187,753 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $760,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $12,500 |
| Compensation of current officers, directors, key employees. | $6,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $272,254 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,052 |
| Fees for services: Management | $29,995 |
| Fees for services: Legal | $139 |
| Fees for services: Accounting | $2,054 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,923 |
| Advertising and promotion | $51,168 |
| Office expenses | $101,400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,224 |
| Travel | $33,279 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,319 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,586 |
| Insurance | $22,983 |
| All other expenses | $63,637 |
| Total functional expenses | $1,063,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,418 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $94,915 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $139,333 |
| Accounts payable and accrued expenses | $147,290 |
| 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 | $44,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,510 |
| Other liabilities | $0 |
| Total liabilities | $194,800 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$55,467 |
| Total liabilities and net assets/fund balances | $139,333 |