Lake Eldora Racing Team Association
- Assets
- $602.9k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 109
- Location
- Boulder, CO
- Founding
- 12/1975
- Data as of
- 07/2023
- EIN
- 84-0707228
Organization Overview
Lake Eldora Racing Team Association, operating under the name Eldora Mountain Ski Club, is located in Boulder, CO. The organization was established in 1975. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 07/2023, Eldora Mountain Ski Club employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eldora Mountain Ski Club 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 07/2023, Eldora Mountain Ski Club generated $1.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.3m during the year ending 07/2023. While expenses have increased by 5.9% per year over the past 4 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
YOUTH OUTDOOR EDUCATION, SPORTS AND SPORTSMANSHIP. WINTER PROGRAM INCLUDES SKI AND SNOWBOARD RACING AND COMPETITION. SUMMER SEASON INCLUDES MOUNTAIN BIKING AND DRYLAND TRAINING PREPARATION FOR THE WINTER SEASON. BUILDING IN CHAMPIONS IN SPORTS AND LIFE. PROGRAMS EXIST FOR AGES 6-22.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORE PROGRAM: YOUTH ATHLETES AGES 8-22, PARTICIPATING IN THE AGE CLASS AND ABILITY ALPINE SKI RACING GROUPS U10 - FIS. ATHLETES PARTICIPATE YEAR ROUND IN: DRYLAND, SUMMER SKI CAMPS, AND THE WINTER PROGRAM CONSISTS OF PART-TIME AND FULL-TIME PROGRAMS. ENROLLMENT FOR THE 2022 - 2023 SKI SEASON WAS 97 ATHLETES. THE CORE ABILITY AND AGE CLASS PROGRAMS PROMOTE REGIONAL, NATIONAL AND INTERNATIONAL COMPETITION. THE PROGRAMS ARE STAFFED BY FULL TIME, YEAR ROUND COACHES, AS WELL AS PART AND FULL TIME SEASONAL COACHES.
ALPINE AGE CLASS ATHLETE PODIUM AT U14 CHAMPIONSHIPS. FREESTYLE, SLOPESTYLE, RAIL JAMS - MULTIPLE PODIUMS IN ALL EVENTS. SENT SEVERAL ATHLETES TO NATIONALS. 3 PODIUMS AT YOUTH SKI LEAGUE CHAMPIONSHIP. CREATED THE SHRED PROGRAM WITH NEDERLAND ELEMENTARY SCHOOL IN ORDER TO PROVIDE A FREE DAY OF MOUNTAIN BIKE INSTRUCTION OR JUST LEARNING TO RIDE A BIKE FOR EACH GRADE. SINGLE TRACK MOUNTAIN BIKE FACILITATES THE PROGRAM AND PROVIDES ALL COACHING. IN CONJUNCTION WITH THE PTA AT NEDERLAND ELEMENTARY WE WERE ABLE TO GET BIKES DONATED TO THE SCHOOL FOR ATHLETES WHO DID NOT HAVE A BIKE.
JUNIOR RACE PROGRAM: THE PROGRAM IS COMPRISED OF YOUTH ATHLETES AGES 6 - 15, PARTICIPATING IN A 14 WEEK SATURDAY OR SUNDAY PROGRAM OPERATING DEC. THROUGH BEGINNING OF APRIL. ENROLLMENT WAS 101 ATHLETES DURING THE 2022- 2023 SEASON, WITH COMPETITIONS ON EITHER AT HOME ON SAT. OR AWAY COMPETITIONS ON SUNDAYS. THE GOAL OF THE PROGRAM FOCUSES ON INTRODUCTORY ALPINE COMPETITION SKILLS, INCLUDING SLALOM, GIANT SLALOM AND KOMBI TECHNIQUES. THE PROGRAM IS STAFFED BY A YEAR ROUND DIRECT, AND SEASONAL PART TIME EMPLOYEES. WE ALSO HAVE SEVERAL VOLUNTEERS WHO PARTICIPATE IN THE PROGRAM.
SINGLE TRACK MOUNTAIN BIKE ADVENTURES (SMBA): PROMOTES PHYSICAL FITNESS, MOUNTAIN BIKE DEVELOPMENT AND EXPOSURE TO COMPETITIVE MOUNTAIN BIKE RACING. TEAM PARTICIPANTS AND WEEKLY CAMP PARTICIPANTS MAKE UP OUR SMBA PROGRAM. WE HAVE 311 TEAM ATHLETES IN THE SPRING, SUMMER AND FALL SESSIONS AND 169 WEEK LONG CAMP ATHLETES. THE SMBA PROGRAM COMPLEMENTS THE ALPINE PROGRAM FOR YEAR-ROUND CONDITIONING AND ATHLETIC OPPORTUNITIES FOR YOUTH IN SPORTS. THE PROGRAMS ARE STAFFED BY A FULL TIME YEAR ROUND DIRECTOR AND FULL AND PART TIME SEASONAL MOUNTAIN BIKE COACHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Tomasko Executive Di | Officer | 60 | $117,814 |
Sam Bass Board Member | Trustee | 2 | $0 |
Kevin Gawenus Treasurer | Trustee | 4 | $0 |
Mike Mccue President | OfficerTrustee | 2 | $0 |
Chris Monroe Board Member | Trustee | 2 | $0 |
Mary Beth Reece Secretary | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,206 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,276 |
| Total Program Service Revenue | $1,028,353 |
| Investment income | $3,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $52,623 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,434 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,161,913 |
| 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. | $117,814 |
| Compensation of current officers, directors, key employees. | $29,454 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $766,027 |
| Pension plan accruals and contributions | $3,671 |
| Other employee benefits | $81,856 |
| Payroll taxes | $69,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,763 |
| Fees for services: Accounting | $1,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $714 |
| Office expenses | $24,806 |
| Information technology | $7,785 |
| Royalties | $0 |
| Occupancy | $2,921 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $464 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $42,011 |
| All other expenses | $0 |
| Total functional expenses | $1,321,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,402 |
| Savings and temporary cash investments | $321,642 |
| Pledges and grants receivable | $0 |
| 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 | $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 | $825 |
| Total assets | $602,869 |
| Accounts payable and accrued expenses | $877 |
| 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 | $877 |
| 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 | $601,992 |
| Total liabilities and net assets/fund balances | $602,869 |