Team Summit
- Assets
- $3.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 163
- Location
- Copper Mountain, CO
- Founding
- 06/1996
- Data as of
- 04/2022
- EIN
- 74-2529909
Organization Overview
Team Summit, operating under the name Team Summit Colorado, is located in Copper Mountain, CO. The organization was established in 1996. 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 04/2022, Team Summit Colorado employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Summit 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 04/2022, Team Summit Colorado generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $2.8m during the year ending 04/2022. While expenses have increased by 8.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TEAM SUMMIT IS A YOUTH DEVELOPMENT ORGANIZATION EMPOWERING ATHLETES TO REALIZE AND CELEBRATE THEIR PERSONAL PODIUMS THROUGH ATHLETICS, EDUCATION, AND LIFE SKILLS BY PARTICIPATING IN INNOVATIVE PROGRAMMING AT OUR WORLD CLASS VENUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS BEGIN WITH OUR INTRO PROGRAMS FOCUSING ON THE SPORTS FUNDAMENTALS AND PROGRESS WITH THE ATHLETES TO OUR ACADEMIC, POST GRADUATE AND MASTERS ATHLETE PROGRAMS WHICH ENABLE ATHLETES TO TRAIN AND FOCUS FOR NATIONAL AND INTERNATIONAL COMPETITIONS. CURRENT PROGRAMS INCLUDE ALPINE, FREESKI AND SNOWBOARD ON-SNOW ACTIVITIES ALONG WITH YEAR ROUND DRY-LAND PHYSICAL TRAINING PROGRAMS. TEAM SUMMIT COLORADO HAS 656 ATHLETES. CURRENTLY, THERE ARE 206 ATHLETES IN OUR INTRO TO TEAM SUMMIT PROGRAM, 168 IN OUR ALPINE PROGRAM, 198 IN OUR FREESKI PROGRAM, AND 84 IN OUR SNOWBOARD PROGRAM. TEAM SUMMIT COLORADO OPERATES PROGRAMS ON A-BASIN, BRECKENRIDGE, COPPER MOUNTAIN AND KEYSTONE RESORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stace C Bechtel Executive Di | Officer | 40 | $106,655 |
Bruce Mclennan President | OfficerTrustee | 5.77 | $0 |
Art Graper Treasurer | OfficerTrustee | 6.93 | $0 |
Anne Gish Secretary | OfficerTrustee | 5.77 | $0 |
Steve Stec Board Member | Trustee | 1.85 | $0 |
Kathy Stang Board Member | Trustee | 2.77 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,800 |
| Related organizations | $0 |
| Government grants | $2,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $431,771 |
| Noncash contributions included in lines 1a–1f | $29,466 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $441,071 |
| Total Program Service Revenue | $2,669,725 |
| Investment income | $5,707 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$82 |
| Net Income from Fundraising Events | $73,759 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$16,287 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,181,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $116,416 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,325 |
| Compensation of current officers, directors, key employees. | $110,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,211,438 |
| Pension plan accruals and contributions | $35,149 |
| Other employee benefits | $117,361 |
| Payroll taxes | $119,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,128 |
| Fees for services: Accounting | $35,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,295 |
| Fees for services: Other | $18,789 |
| Advertising and promotion | $15,864 |
| Office expenses | $32,987 |
| Information technology | $575 |
| Royalties | $0 |
| Occupancy | $67,057 |
| Travel | $445,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,533 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,838 |
| Insurance | $38,195 |
| All other expenses | $115,281 |
| Total functional expenses | $2,771,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $611,517 |
| Savings and temporary cash investments | $641,091 |
| Pledges and grants receivable | $319,302 |
| Accounts receivable, net | $1,089,636 |
| 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 | $69,671 |
| Net Land, buildings, and equipment | $149,787 |
| Investments—publicly traded securities | $113,233 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,404 |
| Other assets | $0 |
| Total assets | $2,998,641 |
| Accounts payable and accrued expenses | $7,440 |
| Grants payable | $0 |
| Deferred revenue | $1,007,118 |
| 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 | $378,095 |
| Total liabilities | $1,392,653 |
| Net assets without donor restrictions | $1,415,572 |
| Net assets with donor restrictions | $190,416 |
| 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 | $2,998,641 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Team Summit has recieved totaling $14,947.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $14,947 |
Endowment Analysis
| Beg. Balance | $126,554 |
| Earnings | -$8,821 |
| Net Contributions | $64,264 |
| Other Expense | $3,932 |
| Grants | $12,960 |
| Ending Balance | $165,105 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |
United States Ski Team Foundation Park City, UT | $9,262,092 | $17,246,819 |
Oklahoma City Golf & Country Club Nichols Hills, OK | $30,261,356 | $14,527,744 |
Southern Hills Country Club Tulsa, OK | $59,775,336 | $17,253,423 |
Cherry Hills Country Club Englewood, CO | $65,318,672 | $17,559,884 |
Denver Country Club Denver, CO | $40,162,102 | $13,375,074 |
Columbine Country Club Columbine Valley, CO | $37,675,928 | $14,753,551 |
Happy Hollow Club Omaha, NE | $18,174,683 | $12,125,031 |
Troon Country Club Inc Scottsdale, AZ | $27,079,635 | $13,166,586 |
Gamma Phi Beta Sorority Inc Centennial, CO | $31,209,730 | $12,603,697 |
Phoenix Country Club Phoenix, AZ | $16,178,518 | $11,141,268 |
Sports Car Club Of America Incorporated Topeka, KS | $6,701,641 | $11,632,236 |