Pikes Peak Auto Hill Climb Educational Museum Inc
- Assets
- $2.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 06/1989
- Data as of
- 12/2022
- EIN
- 84-1107922
Organization Overview
Pikes Peak Auto Hill Climb Educational Museum Inc, operating under the name Pikes Peak Auto Hill Climb Educational M, is located in Colorado Springs, CO. The organization was established in 1989. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pikes Peak Auto Hill Climb Educational M 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 12/2022, Pikes Peak Auto Hill Climb Educational M generated $1.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 7.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL MUSEUM PROVIDING PUBLIC EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM RACE DIVISION CONDUCTS THE ANNUAL PIKES PEAK INTERNATIONAL HILL CLIMB AUTOMOBILE RACE WHICH SUPPORTS THE MUSEUM ALONG WITH THE MUSEUM EDUCATION PROGRAMS AND COMMUNITY OUTREACH.
THE PPIHC ADMINISTRATION PROVIDES SUPPORT FOR THE PERMANENT MUSEUM, THE TRAVELING MUSEUM, THE OPERATIONAL ADMINISTRATION OF THE PPIHC ORGANIZATION, THE ANNUAL PPIHC RACE, AS WELL AS THE PROMOTION OF ALL PUBLIC EDUCATION AND COMMUNITY OUTREACH. THE MUSEUM PROVIDES FINANCIAL AND OPERATIONAL SUPPORT TO THE CITY OF COLORADO SPRINGS THROUGH THE PIKES PEAK HIGHWAY AUTHORITY ALONG WITH THE OPERATIONAL SUPPORT TO THE CITY OF COLORADO SPRINGS FOR THE CONDUCT OF THE ANNUAL PPIHC FAN FEST COMMUNITY EVENT .
THE PPIHC MUSEUM IN CONCERT WITH THE CITY OF COLORADO SPRINGS CONDUCTS THE ANNUAL FAN FEST EVENT. OPEN TO THE COMMUNITY AND ALL VISITORS, THE FAN FEST EVENT HIGHLIGHTS THE HISTORY OF RACING ON PIKES PEAK DISPLAYING SIGNIFICANT HISTORICAL RACE CARS & MEMORABILIA. FAN FEST PROMOTES THE CITY OF COLORADO SPRINGS, IT'S AGENCIES AND ORGANIZATIONS SUPPORTING THE CITY, AS WELL AS THE ANNUAL PPIHC RACE. THIS ANNUAL EVENT PROVIDES A PUBLIC FORUM SHOWCASING THE HILL CLIMB RACE; PROVIDES TOURS THROUGH THE MOBILE MUSEUM WITH ACCESS TO DRIVERS, RACE OFFICIALS AND TO THE AGENCIES OF THE CITY OF COLORADO SPRINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Bukowski Vice Chairman | OfficerTrustee | 2 | $0 |
Bob Gillis Past Board Chairman | OfficerTrustee | 2 | $0 |
Peter Freytag Treasurer | OfficerTrustee | 2 | $0 |
Laura Muir Secretary | OfficerTrustee | 1 | $0 |
Theo Gregory Board Trustee | Trustee | 1 | $0 |
Lou Mellini Board Trustee | Trustee | 1 | $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 | $1,858,856 |
| Investment income | -$82,974 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,876,764 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $423,104 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,434 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $292,751 |
| Office expenses | $83,913 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,171 |
| Travel | $3,698 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,971 |
| Insurance | $122,761 |
| All other expenses | $0 |
| Total functional expenses | $2,008,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,542 |
| Savings and temporary cash investments | $1,809,318 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,800 |
| 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 | $3,967 |
| Net Land, buildings, and equipment | $69,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $191,951 |
| Total assets | $2,205,902 |
| Accounts payable and accrued expenses | $15,270 |
| Grants payable | $0 |
| Deferred revenue | $236,591 |
| 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 | $15,731 |
| Total liabilities | $267,592 |
| Net assets without donor restrictions | $1,930,705 |
| Net assets with donor restrictions | $7,605 |
| 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 | $2,205,902 |