Fremont Adventure Recreation
- Assets
- $60.6k
- Revenue
- $164.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Canon City, CO
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 45-1676168
Organization Overview
Fremont Adventure Recreation is located in Canon City, CO. The organization was established in 2014. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fremont Adventure Recreation 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 12/2022, Fremont Adventure Recreation generated $164.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $189.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
VOLUNTEERS ASSIST IN COORDINATING IN THE VARIOUS RECREATIONAL ACTIVITIES SPONSORED BY THIS ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR "1% FOR TRAILS INITIATIVE" FUNDS ALL THINGS TRAILS AND OUTDOOR RECREATION IN THE ROYAL GORGE REGION. THIS PROMOTES BUSINESSES AROUND FREMONT COUNTY TO ELECT ADDING A 1% DONATION ONTO THEIR CUSTOMERS' BILLS. CUSTOMERS, IN TURN, HAVE THE OPTION TO OPT OUT OF THE DONATION.
OTHER PROGRAMS
OUR ANNUAL ROYAL 50 GORGEOUS 25 MOUNTAIN BIKE RACE AND NEW EVENT, TUNNEL VISION,ARE GROWING COMMUNITY EVENTS THAT TAKE PLACE ON A LOCAL TRAIL SYSTEM. THEY ARE DESIGNED TO WELCOME MOUNTAIN BIKE RIDERS AND RACERS FROM ACROSS THE STATE OF COLORADO, ALLOWING THEM TO RACE A CHALLENGING COURSE IN A SCENIC SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Hartman Secretary | Trustee | 5 | $0 |
Brian Ledoux Director | Trustee | 5 | $0 |
Megan Merry-Numsen Director | Trustee | 5 | $0 |
Vicki Meier Director | Trustee | 5 | $0 |
Brian Vaniwarden Director | Trustee | 5 | $0 |
Jon Banker Director | Trustee | 5 | $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 | $67,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,140 |
| Total Program Service Revenue | $96,907 |
| 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 | $164,047 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750 |
| 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. | $5,850 |
| Compensation of current officers, directors, key employees. | $5,850 |
| 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 | $23,800 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,203 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,906 |
| 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 | $326 |
| Insurance | $4,679 |
| All other expenses | $0 |
| Total functional expenses | $189,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,419 |
| 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 | $162 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $60,582 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $60,582 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $60,582 |