Boulder Valley Hockey Foundation is located in Superior, CO. The organization was established in 1994. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Boulder Valley Hockey Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boulder Valley Hockey Foundation 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, Boulder Valley Hockey Foundation generated $1.2m 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 (4.4%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING, DEVELOPING, AND TRAINING COLORADO YOUTH FOR NATIONAL AND/OR INTERNATIONAL COMPETITION IN ICE HOCKEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ICE HOCKEY FACILITY AND COMPETITIVE/RECREATIONAL HOCKEY PROGRAMS AND INSTRUCTION FOR YOUTH PLAYERS IN THE COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christopher Lockrem Executive Director | Officer | 40 | $34,021 |
Heather Ringoen President | OfficerTrustee | 5 | $0 |
Marc Rosenberg Treasurer | OfficerTrustee | 5 | $0 |
Dave Pigott Vice President | OfficerTrustee | 5 | $0 |
Stacey Zis Board Member | Trustee | 5 | $0 |
Arno Bergstrom Board Member | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $440 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $6,490 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,930 |
Total Program Service Revenue | $1,093,020 |
Investment income | $4,199 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $79,529 |
Net Income from Fundraising Events | $18,840 |
Net Income from Gaming Activities | -$4,998 |
Net Income from Sales of Inventory | -$9,572 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,187,948 |
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. | $34,021 |
Compensation of current officers, directors, key employees. | $3,062 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $134,981 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $11,869 |
Payroll taxes | $18,258 |
Fees for services: Management | $0 |
Fees for services: Legal | $299 |
Fees for services: Accounting | $4,006 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $101,102 |
Advertising and promotion | $1,271 |
Office expenses | $10,363 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $347 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $33 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,176 |
Insurance | $6,390 |
All other expenses | $64,746 |
Total functional expenses | $1,080,665 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $717,390 |
Savings and temporary cash investments | $14,146 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $57,188 |
Loans from Officers, Directors, or Controlling Persons | $83,000 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $7,746 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $165,157 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $107,533 |
Total assets | $1,152,160 |
Accounts payable and accrued expenses | $105,551 |
Grants payable | $0 |
Deferred revenue | $79,529 |
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 | $185,080 |
Net assets without donor restrictions | $967,080 |
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 | $0 |
Total liabilities and net assets/fund balances | $1,152,160 |
Over the last fiscal year, we have identified 1 grants that Boulder Valley Hockey Foundation has recieved totaling $500.
Awarding Organization | Amount |
---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Organization Name | Assets | Revenue |
---|---|---|
United States Figure Skating Association Colorado Springs, CO | $17,642,833 | $19,148,082 |
Usa Hockey Foundation Colorado Springs, CO | $49,949,218 | $18,128,256 |
Ski And Snowboard Club Vail Vail, CO | $13,295,596 | $9,159,333 |
Steamboat Springs Winter Sports Club Inc Steamboat Springs, CO | $1,668,476 | $5,975,021 |
Aspen Valley Ski-Snowboard Club Inc Aspen, CO | $7,027,806 | $6,714,655 |
Cooper Hill Ski Area Inc Leadville, CO | $7,003,868 | $5,855,683 |
Coyotes Amateur Hockey Association Scottsdale, AZ | $1,010,325 | $4,778,819 |
American Alpine Club Golden, CO | $9,490,812 | $5,208,382 |
Utah Ski Association Salt Lake City, UT | $2,005,466 | $3,369,684 |
Usa Nordic Sport Inc Park City, UT | $182,007 | $3,079,975 |
Littleton Hockey Association Littleton, CO | $1,019,905 | $2,579,388 |
Ussa Investment Fund Park City, UT | $64,423,914 | $5,414,960 |