Life Skills Fore The Youth Of Colorado Springs
- Assets
- $747.6k
- Revenue
- $582.9k
- Investments
- $0.0
- Employees
- 10
- Location
- Colorado Springs, CO
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 45-5236651
Organization Overview
Life Skills Fore The Youth Of Colorado Springs, operating under the name First Tee - Southern Colorado, is located in Colorado Springs, CO. The organization was established in 2012. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, First Tee - Southern Colorado employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Tee - Southern Colorado 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 12/2023, First Tee - Southern Colorado generated $582.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $569.5k during the year ending 12/2023. While expenses have increased by 7.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPACTING THE LIVES OF YOUNG PEOPLE BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILD CHARACTER.
Describe the Organization's Program Activity:
FIRST TEE OF SOUTHERN COLORADO (FORMERLY KNOWN AS LIFE SKILLS FORE THE YOUTH OF COLORADO SPRINGS) CONDUCTS YEAR-ROUND EDUCATIONAL PROGRAMMING THAT BUILDS CHARACTER, INSTILLS LIFE-ENHANCING VALUES AND PROMOTES HEALTHY CHOICES THROUGH THE GAME OF GOLF. THE PROGRAM OPERATES THROUGH AFFILIATE RELATIONSHIPS IN THE WARMER MONTHS (MAY-SEPT); IN THE COLDER MONTHS, AN INDOOR FACILITY IS USED. THE PROGRAMS INTEGRATE GOLF INSTRUCTION (GOLF ETIQUETTE, SWING MECHANICS, RULES OF PLAY) WITH THE PRESENTATION OF CORE VALUES (E.G. HONESTY, INTEGRITY, RESPONSIBILITY, SPORTSMANSHIP) THAT PARTICIPANTS CAN USE ON THE GOLF COURSE, BUT ALSO IN SCHOOL, WORK, AND FAMILY LIFE.
(CONT.) PROGRAMS ARE OFFERED APPROXIMATELY 35 HOURS PER WEEK. PARTICIPANTS RANGE IN AGE FROM 3-18.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Johnson Chief Executive Officer | Officer | 40 | $103,492 |
Wesley Barnett Chairman | OfficerTrustee | 5 | $0 |
Russ Ford Director (to 05/2023) | Trustee | 1 | $0 |
Sarah Birkel Treasurer | OfficerTrustee | 3 | $0 |
Jessica Bennett Director (to 04/2023) | Trustee | 1 | $0 |
Joe Cole Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $157,077 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $286,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $443,151 |
| Total Program Service Revenue | $139,766 |
| 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 | -$97 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $52 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $582,872 |
| 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. | $121,404 |
| Compensation of current officers, directors, key employees. | $9,785 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,544 |
| Pension plan accruals and contributions | $2,861 |
| Other employee benefits | $19,382 |
| Payroll taxes | $20,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,512 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $550 |
| Advertising and promotion | $5,535 |
| Office expenses | $9,457 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,665 |
| Travel | $4,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,526 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,010 |
| Insurance | $17,006 |
| All other expenses | $0 |
| Total functional expenses | $569,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,600 |
| 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 | $12,567 |
| Net Land, buildings, and equipment | $72,099 |
| Investments—publicly traded securities | $545,969 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $52,360 |
| Other assets | $24,991 |
| Total assets | $747,586 |
| Accounts payable and accrued expenses | $27,381 |
| Grants payable | $0 |
| Deferred revenue | $16,159 |
| 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 | $24,991 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $68,531 |
| Net assets without donor restrictions | $679,055 |
| 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 | $747,586 |