Alterra Mountain Company Community Foundation
- Assets
- $4.2m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- Data as of
- 07/2023
- EIN
- 85-3056218
Organization Overview
Alterra Mountain Company Community Foundation is located in Denver, CO. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alterra Mountain Company Community 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 07/2023, Alterra Mountain Company Community Foundation generated $3.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $835.0k during the year ending 07/2023. 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
WE INVEST TO SUPPORT A THRIVING MOUNTAIN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES RELIEF AND HARDSHIP ASSISTANCE TO MEMBERS OF THE COMMUNITIES IN WHICH ALTERRA MOUNTAIN COMPANY, AN AFFILIATED ORGANIZATION, SERVES. SUPPORT AND RELIEF ARE PROVIDED TO VICTIMS OF DISASTERS OR THOSE IN EMERGENCY HARDSHIP SITUATIONS SUCH AS THOSE CAUSED BY PANDEMICS, FLOODS, FIRES, RIOTS, STORMS OR SIMILAR LARGE-SCALE EVENTS. THE FOUNDATION ALSO PROVIDES ASSISTANCE TO THOSE IN NEED DUE TO A SUDDEN ILLNESS, DEATH, ACCIDENT, VIOLENT CRIME OR OTHER EMERGENCY HARDSHIP. GRANTS ARE AVAILABLE TO INDIVIDUALS AND NONPROFIT ORGANIZATIONS.
THROUGH ITS URBAN SNOW PARKS PROGRAM, THE FOUNDATION WORKS WITH LOCAL MUNICIPALITIES AND NONPROFITS TO BRING SNOWSPORTS TO CERTAIN URBAN PARKS. THIS INCLUDES INFRASTRUCTURE, COMMUNITY ENGAGEMENT ACTIVITIES AND ONGOING PROGRAMS THAT INVITE COMMUNITY MEMBERS TO PARTICIPATE IN SNOWTUBING AND BASIC SKI AND SNOWBOARD ACTIVITIES, AS WELL AS A TERRAIN PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meegan Moszynski Foundation Director | Officer | 40 | $78,002 |
Eric Levy Treasurer | Officer | 1 | $0 |
Julie Bodden Secretary | Officer | 1 | $0 |
Sky Foulkes Director | Trustee | 1 | $0 |
Mark Brownlie Director | Trustee | 1 | $0 |
Karen Sanford 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 | $3,217,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,217,260 |
| Total Program Service Revenue | $0 |
| Investment income | $12,463 |
| 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 | $3,229,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $273,294 |
| Grants and other assistance to domestic individuals. | $205,174 |
| Grants and other assistance to Foreign Orgs/Individuals | $107,588 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $181,200 |
| Compensation of current officers, directors, key employees. | $117,780 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,753 |
| Advertising and promotion | $5,000 |
| Office expenses | $0 |
| Information technology | $8,336 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,741 |
| 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 | $1,549 |
| All other expenses | $196 |
| Total functional expenses | $834,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,201,259 |
| Pledges and grants receivable | $3,000,000 |
| 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 | $12,783 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,214,042 |
| Accounts payable and accrued expenses | $20,659 |
| 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 | $20,659 |
| Net assets without donor restrictions | $1,103,177 |
| Net assets with donor restrictions | $3,090,206 |
| 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 | $4,214,042 |
Grants Awarded
Over the last fiscal year, Alterra Mountain Company Community Foundation has awarded $273,294 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
STRATTON MOUNTAIN AND VALLEY COMMUNITY BENEFIT FOUNDATION PURPOSE: GENERAL SUPPORT | $62,500 |
MAMMOTH MOUNTAIN COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $100,000 |
MAMMOTH LAKES HOUSING INC PURPOSE: GENERAL SUPPORT | $30,000 |
DENVER PARKS AND RECREATION PURPOSE: SUPPORT TO PURCHASE SNOW GUNS FOR URBAN SNOW PARK | $80,794 |