Intermountain Athlete Development Foundation
- Assets
- $43.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Heber City, UT
- Founding
- Data as of
- 12/2021
- EIN
- 85-3368401
Organization Overview
Intermountain Athlete Development Foundation is located in Heber City, UT. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Intermountain Athlete Development 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, Intermountain Athlete Development Foundation generated $189.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 56.9% each year . All expenses for the organization totaled $184.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION PROVIDES EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY AT LARGE AND THOSE WHO DIRECTLY AFFILIATE WITH THE FOUNDATION. THIS INCLUDES TEACHING A HISTORY OF RACING AND AUTOMOBILES; ENCOURAGING TEAM WORK AND A SENSE OF COMMUNITY THROUGH COLLABORATION WITH OTHER PROGRAMS; AND COACHING PROPER DRIVING TECHNIQUES AND COMPETITION. IT IS DEDICATED TO LIFTING THE SPIRITS AND CREATING OPPORTUNITIES OF INSPIRATION FOR CHILDREN THROUGHOUT THE INTERMOUNTAIN WEST BY PROVIDING THEM WITH UNIQUE ACCESS TO EVENTS AND TRAINING THAT WOULD NOT BE AVAILABLE TO THEM DUE TO THE HIGH COSTS ASSOCIATED WITH THE SPORT. SPECIFICALLY THE FOUNDATION SUPPORTS HANDS-ON EDUCATION AND SAFETY PROGRAMS, RECOGNIZES EXCELLENCE IN AUTOMOTIVE ENGINEERING EDUCATION AND PROMOTES AMATEUR AUTO-RACING. THE FOUNDATION, IN COOPERATION WITH UTAH MOTORSPORTS CAMPUS, WILL TEACH AND EDUCATE YOUTH AND YOUNG ADULTS IN HOW TO PARTICIPATE IN AMATEUR RACING. AS PART OF ITS EDUCATIONAL PROGRAMMING, THE FOUNDATION MAY OWN ONE OR MORE VEHICLES AND OPERATE OR SUPPORT A TEAM. PARTICIPANTS WILL LEARN HOW TO OPERATE SUCH A PROGRAM AND THE SKILLS, DRIVE AND AMBITION NECESSARY TO SUCCEED IN LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebeckah G Watkins Secretary | 0.5 | $0 | |
Weston L Watkins President | 0.5 | $0 | |
Ian Lacy Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,214 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $189,214 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,900 |
| Occupancy, rent, utilities, and maintenance | $8,700 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $142,600 |
| Total expenses | $184,694 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $904 |
| Other assets | $0 |
| Total assets | $43,404 |
| Total liabilities | $0 |
| Net assets or fund balances | $43,404 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Intermountain Athlete Development Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Utah Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Wgu Labs Salt Lake City, UT | $5,412,542 | $17,199,300 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Lena Foundation Louisville, CO | $6,954,124 | $11,160,800 |
Starfall Education Foundation Boulder, CO | $23,360,929 | $7,522,820 |
North Valley Christian Academy Phoenix, AZ | $21,880,412 | $8,715,772 |
Colorado High School Activities Association Aurora, CO | $4,647,577 | $4,396,075 |
Blueprint Education In Phoenix, AZ | $3,476,222 | $5,711,311 |
Bountiful Community Food Pantry Bountiful, UT | $1,761,545 | $4,446,864 |