Leadville Trail 100 Legacy Inc
- Assets
- $2.5m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Leadville, CO
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 84-1604797
Organization Overview
Leadville Trail 100 Legacy Inc is located in Leadville, CO. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Leadville Trail 100 Legacy Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadville Trail 100 Legacy Inc 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 12/2023, Leadville Trail 100 Legacy Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $386.2k during the year ending 12/2023. While expenses have increased by 30.4% per year over the past 8 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
TO PROVIDE CHARITABLE AND EDUCATIONAL RESOURCES TO THE PEOPLE OF LAKE COUNTY, COLORADO
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS FOR EDUCATION
CONTRIBUTION TO LOCAL CIVIC AND CHARITABLE ORGANIZATIONS
CONTRIBUTIONS TO LOCAL YOUTH & RECREATIONAL ORGS
COLLEGE SCHOLARSHIPS PROVIDED TO LOCAL STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Veronica Rimbert Executive Di | Officer | 40 | $62,400 |
John Cirullo Recording Se | Trustee | 0.5 | $0 |
Carl Miller Director | OfficerTrustee | 0.5 | $0 |
Tyrone Rimbert Director | Trustee | $0 | |
Ken Chlouber President | Officer | 0.5 | $0 |
Merilee Maupin Executive Se | Officer | 2 | $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 | $652,183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $652,183 |
| Total Program Service Revenue | $0 |
| Investment income | $352,768 |
| 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 | $1,004,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,814 |
| Grants and other assistance to domestic individuals. | $42,573 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,855 |
| Compensation of current officers, directors, key employees. | $14,771 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,900 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,458 |
| Payroll taxes | $8,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,018 |
| Fees for services: Other | $7,447 |
| Advertising and promotion | $2,933 |
| Office expenses | $5,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,523 |
| Travel | $1,059 |
| 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 | $0 |
| Insurance | $1,715 |
| All other expenses | $347 |
| Total functional expenses | $386,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396,502 |
| Savings and temporary cash investments | $74,683 |
| 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 | $2,073,678 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$212 |
| Total assets | $2,544,651 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,184 |
| Total liabilities | $4,184 |
| 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 | $2,540,467 |
| Total liabilities and net assets/fund balances | $2,544,651 |
Grants Awarded
Over the last fiscal year, Leadville Trail 100 Legacy Inc has awarded $29,409 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LAKE COUNTY SCHOOLS PURPOSE: EDUCATION | $6,075 |
CLOUD CITY CONSERVATION CENTER | | | $10,000 |
ST VINCENT HOSPITAL FOUNDATION | | | $6,484 |
LAKE COUNTY SEARCH AND RESCUE | | | $6,850 |