Colorado Outward Bound School
- Assets
- $6.0m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 191
- Location
- Leadville, CO
- Founding
- 06/1963
- Data as of
- 12/2023
- EIN
- 84-0512779
Organization Overview
Colorado Outward Bound School is located in Leadville, CO. The organization was established in 1963. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 12/2023, Colorado Outward Bound School employed 191 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Outward Bound School 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 12/2023, Colorado Outward Bound School generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. 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 CHANGE LIVES THROUGH CHALLENGE AND DISCOVERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLORADO OUTWARD BOUND SCHOOL IS ONE OF THE PREMIER OUTDOOR LEADERSHIP SCHOOLS IN AMERICA. MORE THAN 200,000 YOUNG MEN AND WOMEN FROM ALL OVER THE WORLD HAVE ATTENDED COBS WILDERNESS COURSES SINCE THE SCHOOL'S FOUNDING IN 1962. THE SCHOOL CURRENTLY HAS BASECAMPS IN LEADVILLE, COLORADO, AS WELL AS MOAB, UTAH. COBS CURRENTLY OPERATES IN COLORADO, UTAH AND WYOMING, OFFERING BACKPACKING, MOUNTAINEERING, CLIMBING, SKIING, RAFTING AND CANYONEERING COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Schmidt Executive Di | Officer | 40 | $147,295 |
Bryan Mix Board Chair | OfficerTrustee | 2 | $0 |
Tarn Udall Vice Chair | OfficerTrustee | 2 | $0 |
Nic Eliason Treasurer | OfficerTrustee | 2 | $0 |
Kate Ridgway Secretary | OfficerTrustee | 2 | $0 |
Jen Bales Director | Trustee | 2 | $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 | $1,049,053 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,049,053 |
| Total Program Service Revenue | $2,900,461 |
| Investment income | $1,114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,500 |
| Net Income from Fundraising Events | $219,843 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,287,703 |
| 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. | $149,176 |
| Compensation of current officers, directors, key employees. | $16,334 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,284,828 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $177,975 |
| Payroll taxes | $241,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,484 |
| Fees for services: Accounting | $45,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198,276 |
| Advertising and promotion | $14,475 |
| Office expenses | $121,990 |
| Information technology | $50,667 |
| Royalties | $0 |
| Occupancy | $140,346 |
| Travel | $103,111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $73,301 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,548 |
| Insurance | $294,980 |
| All other expenses | $230,704 |
| Total functional expenses | $5,221,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,806 |
| Savings and temporary cash investments | $855,964 |
| Pledges and grants receivable | $187,379 |
| 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 | $71,889 |
| Net Land, buildings, and equipment | $4,346,560 |
| Investments—publicly traded securities | $1,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $537,460 |
| Total assets | $6,004,573 |
| Accounts payable and accrued expenses | $845,646 |
| Grants payable | $0 |
| Deferred revenue | $163,819 |
| 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 | $742,604 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,568 |
| Total liabilities | $1,796,637 |
| Net assets without donor restrictions | $3,237,173 |
| Net assets with donor restrictions | $970,763 |
| 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 | $6,004,573 |