Association For Challenge Course Technology Inc
- Assets
- $498.2k
- Revenue
- $811.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Boulder, CO
- Founding
- 02/1996
- Data as of
- 06/2024
- EIN
- 54-1685335
Organization Overview
Association For Challenge Course Technology Inc is located in Boulder, CO. The organization was established in 1996. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 06/2024, Association For Challenge Course Technology Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Challenge Course Technology Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2024, Association For Challenge Course Technology Inc generated $811.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $863.2k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION FOR CHALLENGE COURSE TECHNOLOGY (ACCT) IS AN INTERNATIONAL TRADE ASSOCIATION DEDICATED TO STANDARDS, GOVERNMENT RELATIONS, CREDENTIALING, PROFESSIONAL DEVELOPMENT, AND ADVANCEMENT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE: INFORMATION IS PRESENTED AND DISSEMINATED THROUGH WORKSHOPS REGARDING INDUSTRY DEVELOPMENTS IN THE AREAS OF TECHNICAL INFORMATION, FACILITATION, MANAGEMENT, AND INDUSTRY-WIDE STANDARDS.
INSPECTOR CERTIFICATION PROGRAM: THE INSPECTOR CERTIFICATION PROGRAM WAS CREATED BY ACCT TO SPECIFICALLY ADDRESS NORTH AMERICAN REGULATORY DEMANDS. ACCT IS A NON-PROFIT TRADE ORGANIZATION SERVING CHALLENGE COURSE PROFESSIONALS WORLDWIDE. THE ASSOCIATION SERVES TO PROMOTE THE USE OF CHALLENGE COURSES AND TO SET MINIMUM STANDARDS FOR COURSE INSTALLATION, OPERATION, AND INSPECTION. ACCT ALSO DEVELOPED AN ACCREDIDATION PROCESS FOR PARKS, PROGRAMS, AND VENDORS, INVOLVING REVIEW OF APPLICANTS TO DETERMINE THEIR ADHERENCE TO ACCT ACCREDITATION POLICIES AND PROCEDURES, AND ITS GOOD FAITH COMMITMENT TO ACCT STANDARDS.
ACCT STANDARDS: THE ACCT STANDARDS ADDRESS DESIGN, PERFORMANCE, INSPECTION, OPERATIONS, TRAINING, AND CERTIFICATION FOR THE CHALLENGE COURSE, INE TOUR, AND AERIAL TREKKING COMMUNITY. ACCT HAS BEEN DEVELOPING STANDARDS FOR THE CHALLENGE COURSE INDUSTRY SINCE 1994.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Korey Hampton Board Chair | OfficerTrustee | 2 | $0 |
Rohan Shahani Vice Chair | OfficerTrustee | 2 | $0 |
Erik Marter Treasurer | OfficerTrustee | 2 | $0 |
Michael Smith Secretaru | OfficerTrustee | 2 | $0 |
Leslie Sohl Board Member | Trustee | 2 | $0 |
Jason On Kiaan Heng Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $162,508 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,508 |
| Total Program Service Revenue | $643,566 |
| 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 | $811,854 |
| 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. | $148,462 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,845 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,889 |
| Payroll taxes | $21,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,479 |
| Fees for services: Accounting | $25,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,811 |
| Advertising and promotion | $7,477 |
| Office expenses | $2,873 |
| Information technology | $39,697 |
| Royalties | $0 |
| Occupancy | $14,645 |
| Travel | $32,853 |
| 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 | $0 |
| Insurance | $24,542 |
| All other expenses | $343,484 |
| Total functional expenses | $863,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,114 |
| Savings and temporary cash investments | $404,975 |
| 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 | $5,091 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $498,180 |
| Accounts payable and accrued expenses | $14,049 |
| 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 | $167,790 |
| Other liabilities | $0 |
| Total liabilities | $181,839 |
| Net assets without donor restrictions | $316,341 |
| 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 | $498,180 |
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