Upswing Foundation
- Assets
- $29.4m
- Revenue
- $915.3k
- Investments
- $4.1m
- Employees
- 5
- Location
- Lakewood, CO
- Founding
- Data as of
- 09/2023
- EIN
- 85-3622275
Organization Overview
Upswing Foundation is located in Lakewood, CO. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. As of 09/2023, Upswing Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upswing 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 09/2023, Upswing Foundation generated $915.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (69.9%) each year. All expenses for the organization totaled $1.8m during the year ending 09/2023. 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
UPSWING FOUNDATION'S MISSION IS TO CATAPULT DREAMS AND CONNECT PEOPLE, SPECIFICALLY BY (I) PROVIDING FIRST-RATE RESOURCES & OPPORTUNITIES TO UNDERSERVED YOUTH. (II) UNIFYING DIVERSE COMMUNITIES VIA EDUCATION, WHIMSY & GATHERING. (III) BUILDING & MAINTAINING SPORTS FACILITY THAT EMPOWERS & INSPIRES ALL. (IV) SUPPORTING OTHER NONPROFIT AND FOREIGN ORGANIZATIONS THAT ALIGN BOTH IN MISSION AND APPLICATION OF FOUNDATION'S AIM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR UPSWING EXPERIENCE SCHOLARSHIP PROVIDES ASPIRING ATHLETES WITH ACCESS TO THE HIGHEST QUALITY PERFORMANCE TRAINING AND RECOVERY PROGRAMS AVAILABLE, HELPING BUILD SPEED, STRENGTH, ENDURANCE, AND OVERALL HEALTH BOTH INSIDE AND OUTSIDE OF STANDARD SPORTS SEASONS.WE WORK WITH SCHOOLS, CLUBS, AND OTHER COMMUNITY ORGANIZATIONS TO CONNECT WITH UNDERSERVED ATHLETES AND THEIR FAMILIES, OPENING NEW POSSIBILITIES FOR MOTIVATED ATHLETES SEEKING TO TAKE THEIR PERFORMANCE TO THE NEXT LEVEL.
OUR ATHLETES FIRST GIVING PROGRAM IS DESIGNED TO SUPPORT SCHOOL, TEAM, AND CLUB ATHLETIC PROGRAMS BY PROVIDING FINANCIAL ASSISTANCE FOR EQUIPMENT, FACILITIES, TRAVEL, AND MENTORING PROGRAMS FOR YOUNG ATHLETES IN NEED OF SUPPORT.OUR TEAM WORKS DIRECTLY WITH SCHOOLS, TEAMS, AND OTHER ORGANIZATIONS TO UNDERSTAND THEIR NEEDS AND PROVIDE THE SUPPORT THEY REQUIRE TO HELP YOUNG ATHLETES ACCESS AND PARTICIPATE IN SPORTS PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harmony Myers President | OfficerTrustee | 15 | $0 |
Jason Myers Secretary/treasurer | OfficerTrustee | 10 | $0 |
Susan Hollern Director | Trustee | 1 | $0 |
Josh Wilson CEO As Of 10/22 | Officer | 40 | $55,292 |
Ted Gerbick Cmo | Officer | 40 | $8,442 |
Brian Kula Former CEO Thru 9/22 | 40 | $204,510 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $915,309 |
| 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 | $915,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $328,950 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $256,117 |
| Compensation of current officers, directors, key employees. | $64,029 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,172 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,490 |
| Payroll taxes | $34,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $216,601 |
| Fees for services: Accounting | $86,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,621 |
| Advertising and promotion | $158,179 |
| Office expenses | $19,712 |
| Information technology | $1,847 |
| Royalties | $0 |
| Occupancy | $51,421 |
| Travel | $2,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,024 |
| Interest | $4,343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,919 |
| Insurance | $14,241 |
| All other expenses | $17,810 |
| Total functional expenses | $1,829,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,785 |
| Savings and temporary cash investments | $19,582,126 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,956 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,680,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $139,973 |
| Net Land, buildings, and equipment | $2,481,795 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,087,263 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $236,690 |
| Total assets | $29,390,588 |
| Accounts payable and accrued expenses | $162,442 |
| 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 | $114,102 |
| Total liabilities | $276,544 |
| Net assets without donor restrictions | $29,114,044 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $29,390,588 |
Grants Awarded
Over the last fiscal year, Upswing Foundation has awarded $326,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE HAVEN CHARITABLE TRUST PURPOSE: CONSTRUCTION OF SECONDARY SCHOOL IN RWANDA | $100,000 |
ATHLETICS & BEYOND PURPOSE: ACQUIRE PASSENGER TRANSPORT VAN FOR ITS CHARITABLE PURPOSE | $54,000 |
POOLS FOR KIDS INC PURPOSE: FUND THE MEYERS POOL UPGRADE PROJECT FOR ATHLETES TO USE FOR TRAININIG AND COMPETITION PURPOSE | $32,000 |
GOLD CROWN FOUNDATION PURPOSE: ATHLETE SUPPORT | $20,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: GENERAL SUPPORT | $20,000 |
COVERED COLORADO PURPOSE: GENERAL SUPPORT | $100,000 |