Pikes Peak Marathon Inc
- Assets
- $396.2k
- Revenue
- $863.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Manitou Springs, CO
- Founding
- 11/1986
- Data as of
- 12/2023
- EIN
- 74-2427295
Organization Overview
Pikes Peak Marathon Inc is located in Manitou Springs, CO. The organization was established in 1986. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Pikes Peak Marathon Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pikes Peak Marathon Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Pikes Peak Marathon Inc generated $863.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $830.8k during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCEPTIONAL RACES IN OUTSTANDING VENUES THAT PROMOTES PHYSICAL FITNESS, GIVES BACK TO THE COMMUNITY AND ENVIRONMENT IN WHICH THEY OCCUR, AS WELL AS ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS THROUGH COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PIKES PEAK ASCENT AND MARATHON - OUR PREMIERE RACES PROMOTIONG FITNESS AND ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS BY CLIMBING AMERICAS MOUNTAIN. APPROXIMATELY 800 RUNNERS FOR THE MARATHON AND 1700 FOR THE ASCENT. RACE STARTS IN MANITOU SPRINGS AND RUNNERS CLIMB THE BARR TRAIL TO THE TOP OF PIKES PEAK FOR THE ASCENT AND MAKE THE FULL ROUND TRIP FOR THE MARATHON.
GARDEN OF THE GODS 10 MILE - 10-MILE RACE PROMOTING FITNESS AND ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS THROUGH THE SCENIC GARDEN OF THE GODS. APPROXIMATELY 1600 RUNNERS RACE ON A ROUTE THROUGH THE GARDEN OF THE GODS PARK IN THE WEST SIDE OF COLORADO SPRINGS.
BARR TRAIL MOUNTAIN RACE - TRAIL RACE PROMOTING FITNESS AND ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS ALONG THE BARR TRAIL. APPROXIMATELY 400 RUNNERS RUN A 12.6-MILE COURSE AT THE COG RAILWAY STATION (6,750 FT.) IN MANITOU SPRINGS, COLORADO, ASCENDS PIKES PEAK'S ICONIC BARR TRAIL TO BARR CAMP (10,200 FT.) BEFORE TURNING, DESCENDING AND FINISHING AT THE BARR TRAILHEAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Hubel Sec/business | Officer | 35 | $58,478 |
Ronald Ilgen President | OfficerTrustee | 30 | $40,000 |
Jordan Linder Director At | Trustee | 30 | $34,375 |
John Garner Director At | Trustee | 15 | $16,500 |
Ryan Linder Director At | Trustee | 15 | $12,600 |
Michael Phan Director At | Trustee | 15 | $7,000 |
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 | $24,627 |
| Noncash contributions included in lines 1a–1f | $12,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,627 |
| Total Program Service Revenue | $791,324 |
| Investment income | $3,539 |
| 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 | $44,068 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $863,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,124 |
| 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. | $170,953 |
| Compensation of current officers, directors, key employees. | $85,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $866 |
| Fees for services: Accounting | $1,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,320 |
| Advertising and promotion | $16,753 |
| Office expenses | $20,791 |
| Information technology | $5,464 |
| Royalties | $0 |
| Occupancy | $43,616 |
| Travel | $3,424 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,825 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,362 |
| All other expenses | $0 |
| Total functional expenses | $830,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,906 |
| Savings and temporary cash investments | $309,049 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,252 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $396,207 |
| 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 | $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 | $396,207 |
| Total liabilities and net assets/fund balances | $396,207 |
Grants Awarded
Over the last fiscal year, Pikes Peak Marathon Inc has awarded $13,861 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EL PASO SEARCH AND RESCUE PURPOSE: To Support Program | $8,000 |
KIWANIS INTERNATIONAL FOUNDATION INC PURPOSE: To Support Program | $5,861 |