Boulder Valley Hockey Foundation
- Assets
- $1.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Superior, CO
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 84-1244225
Organization Overview
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Lockrem Executive Director | Officer | 40 | $34,021 |
Dave Pigott Vice President | OfficerTrustee | 5 | $0 |
Heather Ringoen President | OfficerTrustee | 5 | $0 |
Marc Rosenberg Treasurer | OfficerTrustee | 5 | $0 |
Nick Pacifico Board Member | Trustee | 5 | $0 |
Stacey Zis Board Member | Trustee | 5 | $0 |
Financial Statements
| 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 |
Grants Recieved
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 |
Peer Organizations
| 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 |