Taos Sports Associates Incorporated
- Assets
- $372.3k
- Revenue
- $489.6k
- Investments
- $0.0
- Employees
- 49
- Location
- Taos, NM
- Founding
- 09/1976
- Data as of
- 06/2024
- EIN
- 85-0241076
Organization Overview
Taos Sports Associates Incorporated is located in Taos, NM. The organization was established in 1976. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 06/2024, Taos Sports Associates Incorporated employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taos Sports Associates Incorporated 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 06/2024, Taos Sports Associates Incorporated generated $489.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $587.1k during the year ending 06/2024. While expenses have increased by 11.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TRAINS YOUTH FOR SKI COMPETITIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FUNDS FOR 33 COACHES & 65 VOLUNTEERS TO TRAIN 95 FAMILIES FOR SKI COMPETITIONS & TO ATTEND EVENTS AROUND THE COUNTRY. THIS PERIOD IS A SHORT PERIOD TO CHANGE THE ACCOUNTING PERIOD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Heflin President | OfficerTrustee | 2 | $0 |
Jim Ivanovich Vice President | OfficerTrustee | 1 | $0 |
Hugh R Friedman Treasurer | OfficerTrustee | 2 | $0 |
Jonah Saloway Director | Trustee | 1 | $0 |
Russ Olson Secretary | OfficerTrustee | 2 | $0 |
Lynda Lynch Director | 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 | $186,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,720 |
| Total Program Service Revenue | $248,220 |
| Investment income | $7,157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,557 |
| Net Income from Fundraising Events | $16,622 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,369 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $489,613 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,195 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $169,258 |
| Compensation of current officers, directors, key employees. | $24,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,917 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,311 |
| Payroll taxes | $34,807 |
| Fees for services: Management | $2,601 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,263 |
| Fees for services: Other | $0 |
| Advertising and promotion | $502 |
| Office expenses | $1,687 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $6,544 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,925 |
| Insurance | $26,076 |
| All other expenses | $125,871 |
| Total functional expenses | $587,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,084 |
| Savings and temporary cash investments | $60,170 |
| 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 | $22,973 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $208,675 |
| Intangible assets | $0 |
| Other assets | $3,434 |
| Total assets | $372,336 |
| Accounts payable and accrued expenses | $9,521 |
| 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 | $0 |
| Total liabilities | $9,521 |
| 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 | $362,815 |
| Total liabilities and net assets/fund balances | $372,336 |