Durango Municipal Recreation Inc
- Assets
- $2.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 59
- Location
- Durango, CO
- Founding
- 12/1965
- Data as of
- 12/2023
- EIN
- 84-0433196
Organization Overview
Durango Municipal Recreation Inc is located in Durango, CO. The organization was established in 1965. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Durango Municipal Recreation Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durango Municipal Recreation 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, Durango Municipal Recreation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 9.2% 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
PUBLIC GOLF COURSE IN THE CITY OF DURANGO, COLORADO
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAINTAINS AND MAKES IMPROVEMENTS TO THE GOLF COURSE AS A RECREATIONAL FACILITY FOR THE BENEFIT AND USE OF THE COMMUNITY RESIDENTS AND VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mccloskey General Manager | 40 | $126,404 | |
Brian Dommer President | OfficerTrustee | 1.16 | $0 |
Jeff Thompson Vice President | OfficerTrustee | 1.16 | $0 |
Elliott Fitz Treasurer | OfficerTrustee | 1.16 | $0 |
Britt Bassett Secretary | OfficerTrustee | 1.16 | $0 |
Bill Gwinn Member | Trustee | 1.16 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,821,200 |
| 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 | $158,333 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,005,764 |
| 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. | $126,404 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $742,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,065 |
| Payroll taxes | $86,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,911 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,248 |
| Office expenses | $26,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,077 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $239,809 |
| Insurance | $49,337 |
| All other expenses | $149,496 |
| Total functional expenses | $1,764,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,597 |
| Savings and temporary cash investments | $320,617 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,141 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $143,280 |
| Prepaid expenses and deferred charges | $3,350 |
| Net Land, buildings, and equipment | $1,636,543 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,351 |
| Other assets | $600 |
| Total assets | $2,166,479 |
| Accounts payable and accrued expenses | $26,292 |
| Grants payable | $0 |
| Deferred revenue | $44,563 |
| 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 | $761,346 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,946 |
| Total liabilities | $877,147 |
| 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 | $1,289,332 |
| Total liabilities and net assets/fund balances | $2,166,479 |