Glorieta 2-0 Inc
- Assets
- $10.0m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 320
- Location
- Glorieta, NM
- Founding
- 11/2019
- Data as of
- 09/2019
- EIN
- 46-2719381
Organization Overview
Glorieta 2-0 Inc is located in Glorieta, NM. The organization was established in 2019. 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, Glorieta 2-0 Inc employed 320 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glorieta 2-0 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 09/2019, Glorieta 2-0 Inc generated $8.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $8.6m during the year ending 09/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PLEASE SEE SCHEDULE O FOR THE MISSION STATEMENT.
Describe the Organization's Program Activity:
NESTLED IN THE FOOTHILLS OF THE SOUTHERN ROCKIES, GLORIETA (THE CAMP) IS A MOUNTAINOUS ESCAPE THAT IS PERFECT FOR THE CASUAL CAMPER, OUTDOOR ADVENTURER, OR EXTREME SPORT ENTHUSIAST. WHILE THE CLIMATE AND UNBEATABLE ACTIVITIES DRAW MANY HERE, THE EXPERIENCES AND RELATIONSHIPS FORMED MAKE THE GREATEST IMPACT. THE PROGRAMS ARE LOADED WITH MORE THAN JUST FUN: EACH IS CAREFULLY TAILORED TO INSPIRE AND TRANSFORM LIVES TOWARDS A DEEPER RELATIONSHIP WITH CHRIST.THE CURRICULUM AT GLORIETA IS EQUALLY FAR FROM ORDINARY. TOUGH ISSUES ARE TACKLED HEAD-ON WITH STRAIGHT TALK - UNCOMPROMISINGLY BIBLICAL, LACED WITH GRACE, AND DELIVERED WITH HUMILITY. SEE SCHEDULE O FOR CONTINUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willie Langston Chairman | OfficerTrustee | 2 | $0 |
David Weekley Part Year Chairman | OfficerTrustee | 2 | $0 |
Terry Looper Part Year Vice Chairman | OfficerTrustee | 2 | $0 |
Leonard Russo Secretary/treasurer | OfficerTrustee | 2 | $0 |
Kevin Hunt Board Member | Trustee | 1 | $0 |
Laura Roman Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Essential Utilities Inc Electrical Repair Materials And Labor | 9/29/19 | $487,247 |
Stewart Brothers Drilling Company Well Drilling | 9/29/19 | $430,327 |
Everyone's Roofing & Construction Roofing Repair | 9/29/19 | $354,191 |
Glorieta Geoscience Inc Professional Services | 9/29/19 | $103,691 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $990,165 |
| Investment income | $10,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,706 |
| Net Gain/Loss on Asset Sales | $2,013 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $262,402 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,243,412 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $68,514 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,172 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,973,058 |
| Pension plan accruals and contributions | $101,574 |
| Other employee benefits | $433,368 |
| Payroll taxes | $146,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,245 |
| Fees for services: Accounting | $33,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $831,237 |
| Advertising and promotion | $409,056 |
| Office expenses | $46,822 |
| Information technology | $121,559 |
| Royalties | $0 |
| Occupancy | $1,655,147 |
| Travel | $186,055 |
| 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 | $432,676 |
| Insurance | $392,187 |
| All other expenses | $0 |
| Total functional expenses | $8,593,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735,528 |
| Savings and temporary cash investments | $903 |
| Pledges and grants receivable | $149,171 |
| Accounts receivable, net | $130,679 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $95,951 |
| Prepaid expenses and deferred charges | $169,686 |
| Investments—publicly traded securities | $7,673 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,000,063 |
| Accounts payable and accrued expenses | $724,412 |
| Grants payable | $0 |
| Deferred revenue | $473,877 |
| 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 | $169,595 |
| Total liabilities | $1,367,884 |
| Net assets without donor restrictions | $8,589,695 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $42,484 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $8,632,179 |