Challenge Aspen
- Assets
- $4.3m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 22
- Location
- Snowmass Village, CO
- Founding
- 12/1995
- Data as of
- 05/2021
- EIN
- 84-1315910
Organization Overview
Challenge Aspen is located in Snowmass Village, CO. The organization was established in 1995. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 05/2021, Challenge Aspen employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Challenge Aspen 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 05/2021, Challenge Aspen generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $3.3m during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 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
RECREATION FOR DISABLED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHALLENGE ASPEN'S REC DIVISION (RECREATION, EDUCATION, CULTURE) SERVES INDIVIDUALS LIVING WITH COGNITIVE AND/OR PHYSICAL DISABILITIES, OFFERING LIFE CHANGING WELLNESS OPPORTUNITIES IN THE ROARING FORK VALLEY. THESE PROGRAMS ARE DESIGNED TO DEVELOP SKILLS, FOSTER COURAGE AND BOOST SELF-ESTEEM, BROADENING LIFE AND HEALTHY OPPORTUNITIES FOR ALL AGES. DURING FISCAL YEAR JUNE 2020 THROUGH MAY 2021, CHALLENGE ASPEN'S REC DIVISION SERVED 313 PARTICIPANTS WITH 1156 ACTIVITY DAYS AND SUPPORTED PARTICIPANTS WITH OVER $47,000 IN SCHOLARSHIPS FOR OUR PROGRAMS. WWW.CHALLENGEASPEN.ORG/REC
CHALLENGE ASPEN'S CAMO DIVISION (CHALLENGE ASPEN MILITARY OPPORTUNITIES) PROVIDES ADAPTIVE RECREATION AND WELLNESS EXPERIENCES FOR MILITARY PERSONNEL WITH SERVICE RELATED DISABILITIES. CAMO OFFERS PARTICIPANTS THE OPPORTUNITY TO RECONNECT WITH OUTDOOR RECREATION ACTIVITIES THAT CAN POSITIVELY AFFECT THEIR ENGAGEMENT IN CIVILIAN LIFE. DURING FISCAL YEAR JUNE 2019 THROUGH MAY 2020, CHALLENGE ASPEN'S CAMO DIVISION SERVED 138 PARTICIPANTS WITH 690 ACTIVITY DAYS AND SUPPORTED PARTICIPANTS WITH $319,000 IN SCHOLARSHIPS FOR OUR PROGRAMS. CHALLENGEASPEN.ORG/MILITARY
CHALLENGE ASPEN'S REC DIVISION (RECREATION, EDUCATION, CULTURE) SERVES INDIVIDUALS LIVING WITH COGNITIVE AND/OR PHYSICAL DISABILITIES, OFFERING LIFE CHANGING WELLNESS OPPORTUNITIES IN THE ROARING FORK VALLEY. THESE PROGRAMS ARE DESIGNED TO DEVELOP SKILLS, FOSTER COURAGE AND BOOST SELF-ESTEEM, BROADENING LIFE AND HEALTHY OPPORTUNITIES FOR ALL AGES. DURING FISCAL YEAR JUNE 2020 THROUGH MAY 2021, CHALLENGE ASPEN'S REC DIVISION SERVED 313 PARTICIPANTS WITH 1156 ACTIVITY DAYS AND SUPPORTED PARTICIPANTS WITH OVER $47,000 IN SCHOLARSHIPS FOR OUR PROGRAMS. WWW.CHALLENGEASPEN.ORG/REC
CHALLENGE ASPEN'S CAMO DIVISION (CHALLENGE ASPEN MILITARY OPPORTUNITIES) PROVIDES ADAPTIVE RECREATION AND WELLNESS EXPERIENCES FOR MILITARY PERSONNEL WITH SERVICE RELATED DISABILITIES. CAMO OFFERS PARTICIPANTS THE OPPORTUNITY TO RECONNECT WITH OUTDOOR RECREATION ACTIVITIES THAT CAN POSITIVELY AFFECT THEIR ENGAGEMENT IN CIVILIAN LIFE. DURING FISCAL YEAR JUNE 2019 THROUGH MAY 2020, CHALLENGE ASPEN'S CAMO DIVISION SERVED 138 PARTICIPANTS WITH 690 ACTIVITY DAYS AND SUPPORTED PARTICIPANTS WITH $319,000 IN SCHOLARSHIPS FOR OUR PROGRAMS. CHALLENGEASPEN.ORG/MILITARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Hauser CEO Resig 12/31/20 | 45 | $151,553 | |
Anne Adams COO | Officer | 45 | $89,182 |
Jenni Petersen CFO | Officer | 45 | $88,973 |
Jack Kennedy President | OfficerTrustee | 2 | $0 |
Tom Mcmahon Treasurer | OfficerTrustee | 2 | $0 |
George Hart Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $158,976 |
| Related organizations | $0 |
| Government grants | $397,445 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,864,289 |
| Noncash contributions included in lines 1a–1f | $1,679,122 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,420,710 |
| Total Program Service Revenue | $128,966 |
| Investment income | $70,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$45,276 |
| Net Income from Fundraising Events | -$7,564 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,447 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,563,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $68,933 |
| 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 | $161,120 |
| Other salaries and wages | $572,362 |
| Pension plan accruals and contributions | $31,335 |
| Other employee benefits | $37,668 |
| Payroll taxes | $59,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,618 |
| Fees for services: Accounting | $33,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,509,267 |
| Advertising and promotion | $14,732 |
| Office expenses | $110,207 |
| Information technology | $39,013 |
| Royalties | $0 |
| Occupancy | $206,184 |
| Travel | $184,279 |
| 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 | $19,979 |
| Insurance | $32,854 |
| All other expenses | $0 |
| Total functional expenses | $3,282,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,165 |
| Savings and temporary cash investments | $828,098 |
| Pledges and grants receivable | $31,600 |
| 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 | $5,256 |
| Prepaid expenses and deferred charges | $18,195 |
| Net Land, buildings, and equipment | $56,689 |
| Investments—publicly traded securities | $3,345,894 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,291,897 |
| Accounts payable and accrued expenses | $79,677 |
| Grants payable | $0 |
| Deferred revenue | $14,550 |
| 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 | $94,227 |
| Net assets without donor restrictions | $3,952,670 |
| Net assets with donor restrictions | $245,000 |
| 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 | $4,291,897 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Challenge Aspen has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Gorman Foundation Charitable Trust Aspen, CO PURPOSE: N A | $250 |
Charles And Mary Crossed Foundation Rochester, NY PURPOSE: RELIEF | $0 |
Endowment Analysis
| Beg. Balance | $48,165 |
| Net Contributions | $8,100 |
| Ending Balance | $56,265 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities Of Northeast Kansas Inc Overland Park, KS | $7,644,669 | $19,984,016 |
United Community Action Program Inc Pawnee, OK | $10,772,761 | $18,838,270 |
Community Action Agency Of Ok City & Ok Canadian Counties Inc Okc, OK | $7,076,135 | $17,912,554 |
Big Five Community Services Inc Durant, OK | $12,347,730 | $17,649,703 |
Psa Behavioral Health Agency Phoenix, AZ | $11,491,382 | $16,032,932 |
Lutheran Social Service Of Colorado Denver, CO | $5,962,454 | $15,365,278 |
Community Action Partnership Of Western Nebraska Gering, NE | $9,588,655 | $16,478,240 |
Springs Rescue Mission Colorado Springs, CO | $31,987,064 | $16,020,528 |
Blue Valley Community Action Inc Fairbury, NE | $9,711,299 | $13,458,848 |
Community Action Resource & Development Inc Claremore, OK | $9,458,062 | $13,145,718 |
Help-New Mexico Inc Albuquerque, NM | $3,897,481 | $13,740,956 |
Friends Of Switchpoint Inc St George, UT | $11,977,963 | $16,354,391 |