Colorado Miners Inc
- Assets
- $42.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 76-0821991
Organization Overview
Colorado Miners Inc is located in Denver, CO. The organization was established in 2009. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Miners 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 12/2021, Colorado Miners Inc generated $93.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $124.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE COLORADO MINERS IS DEDICATED TO SUPPORTING TODAYSYOUTH. ESTABLISHED IN 2004, THE ORGANIZATION WAS FOUNDEDTO FILL A VOID IN THE DEVELOPMENT OF TODAYS YOUTH AND TOGIVE YOUNG PEOPLE AS MANY ADVANTAGES AS POSSIBLE TO BE SUCCESSFUL INLIFE.WE UNDERSTAND THE ROLE ATHLETICS CAN PLAY IN THE DEVELOPMENT OF YOUNGPEOPLE AND WE EMBRACE THE IDEA OF REKINDLING HOPE THROUGH ATHLETICS.IT IS OUR GOAL TO PROVIDE OPPORTUNITIES FOR TODAYS YOUTH TOPARTICIPATE AND ENGAGE IN SOCIAL AND ATHLETIC PROGRAMS IN A POSITIVE AND SUPPORTIVE SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Perkins Exec Director | 60 | $18,550 | |
Robert S Woodruff Director | 5 | $0 | |
James Mcdonald Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,087 |
| Total Program Service Revenue | $74,601 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $93,688 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,550 |
| Professional fees and other payments to independent contractors | $9,888 |
| Occupancy, rent, utilities, and maintenance | $2,106 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $93,947 |
| Total expenses | $124,491 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,882 |
| Other assets | $0 |
| Total assets | $41,982 |
| Total liabilities | $70,198 |
| Net assets or fund balances | -$28,216 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Basketball Colorado Springs, CO | $46,718,605 | $26,707,052 |
Gabl Youth Sports Foundation Inc Lenexa, KS | $46,974 | $1,304,674 |
National Wheelchair Basketball Association Colorado Springs, CO | $460,123 | $1,032,822 |
Colorado Titans Basketball Club Erie, CO | $120,554 | $938,742 |
Mk Youth Foundation Lenexa, KS | $160,371 | $514,000 |
Colorado Basketball Club Lone Tree, CO | $15,936 | $269,740 |
Livin The Dream Ministries Inc Gardner, KS | $141,673 | $339,658 |
Team Buddy Buckets Norman, OK | $39,223 | $229,522 |
Az Fire Basketball Club Chandler, AZ | $13,934 | $215,931 |
Patriots Basketball Club Omaha, NE | $87,279 | $211,754 |
Colorado Soar Basketball Greeley, CO | $82,367 | $0 |
Norris Baseball Association Lincoln, NE | $99,123 | $0 |