Civic Intelligence

Boulder Crest Retreat Foundation

990 • Fiscal year 2020 • EIN 27-3228310

Jan 01, 2020 to Dec 31, 2020 • Filed on May 07, 2021

18370 Bluemont Village LaneBluemont, VA 20135

(540) 554-2727

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

6th percentile

0.01x

Higher debt load relative to revenue than 6% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

34th percentile

$191,999

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

77th percentile

22%

Faster asset growth than 77% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

95th percentile

128%

Faster revenue growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$36,295,156

Up $6,626,430 (+22%) from 2019

Net Assets

Up

$36,019,730

Up $6,634,063 (+23%) from 2019

Liabilities

Down

$275,426

Down $7,633 (-2.7%) from 2019

Revenue

Up

$22,287,792

Up $12,532,459 (+128%) from 2019

Expenses

Up

$15,657,569

Up $8,784,930 (+128%) from 2019

Net Income

Up

$6,630,223

Up $3,747,529 (+130%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $529,835Liabilities 2011: $10,888Net Assets 2011: $518,9472011Assets 2012: $3,581,820Liabilities 2012: $90,337Net Assets 2012: $3,491,4832012Assets 2013: $7,686,696Liabilities 2013: $1,046,614Net Assets 2013: $6,640,0822013Assets 2014: $9,054,104Liabilities 2014: $159,729Net Assets 2014: $8,894,3752014Assets 2015: $9,110,908Liabilities 2015: $257,532Net Assets 2015: $8,853,3762015Assets 2016: $10,119,559Liabilities 2016: $79,095Net Assets 2016: $10,040,4642016Assets 2017: $23,336,753Liabilities 2017: $377,105Net Assets 2017: $22,959,6482017Assets 2018: $27,167,831Liabilities 2018: $664,550Net Assets 2018: $26,503,2812018Assets 2019: $29,668,726Liabilities 2019: $283,059Net Assets 2019: $29,385,6672019Assets 2020: $36,295,156Liabilities 2020: $275,426Net Assets 2020: $36,019,7302020Assets 2021: $39,968,822Liabilities 2021: $345,884Net Assets 2021: $39,622,9382021Assets 2022: $44,393,929Liabilities 2022: $771,856Net Assets 2022: $43,622,0732022Assets 2023: $39,859,996Liabilities 2023: $650,405Net Assets 2023: $39,209,5912023Assets 2024: $46,445,584Liabilities 2024: $519,711Net Assets 2024: $45,925,8732024

Highlighted filing

2020

Assets$36,295,156
Liabilities$275,426
Net Assets$36,019,730

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2011: $115,1002011Expenses 2012: $240,6392012Revenue 2013: $3,565,445Expenses 2013: $671,611Net Income 2013: $2,893,8342013Revenue 2014: $3,699,197Expenses 2014: $1,444,904Net Income 2014: $2,254,2932014Revenue 2015: $1,814,871Expenses 2015: $1,855,870Net Income 2015: -$40,9992015Revenue 2016: $3,891,011Expenses 2016: $2,703,923Net Income 2016: $1,187,0882016Revenue 2017: $16,829,154Expenses 2017: $3,909,970Net Income 2017: $12,919,1842017Revenue 2018: $9,060,764Expenses 2018: $5,517,124Net Income 2018: $3,543,6402018Revenue 2019: $9,755,333Expenses 2019: $6,872,639Net Income 2019: $2,882,6942019Revenue 2020: $22,287,792Expenses 2020: $15,657,569Net Income 2020: $6,630,2232020Revenue 2021: $23,145,930Expenses 2021: $19,541,643Net Income 2021: $3,604,2872021Revenue 2022: $30,068,318Expenses 2022: $25,930,751Net Income 2022: $4,137,5672022Revenue 2023: $16,923,809Expenses 2023: $13,114,263Net Income 2023: $3,809,5462023Revenue 2024: $22,388,372Expenses 2024: $15,812,400Net Income 2024: $6,575,9722024

Highlighted filing

2020

Revenue$22,287,792
Expenses$15,657,569
Net Income$6,630,223
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 7, 2021
Return Version
2020v4.1
Gross Receipts
$22,604,730
Mission and Program Overview

Mission

Boulder crest retreat foundation's mission is to heal our military members, veterans and their families dealing with combat-related stress by providing free, world class, short-duration, high-impact retreats for combat veterans and their families.

Boulder crest foundation ensures that combat veterans, first responders, and their families can live great lives in the aftermath of trauma.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,956,676$16,109,514▼ $847,162
Savings and Temporary Cash Investments$113,565$15,577,932▲ $15,464,367
Investments in Publicly Traded Securities$11,226,029--
Pledges and Grants Receivable$493,929$2,282,536▲ $1,788,607
Cash and Non-Interest-Bearing Accounts$708,045$2,050,379▲ $1,342,334
Accounts Receivable$50$162,059▲ $162,009
Prepaid Expenses and Deferred Charges$154,281$95,971▼ $58,310
Intangible Assets$16,151$16,765▲ $614
Total Assets$29,668,726$36,295,156▲ $6,626,430
Liabilities
Other Liabilities$93,873$162,326▲ $68,453
Accounts Payable and Accrued Expenses$189,186$113,100▼ $76,086
Total Liabilities$283,059$275,426▼ $7,633
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,625,077$24,331,064▲ $2,705,987
Net Assets With Donor Restrictions$7,760,590$11,688,666▲ $3,928,076
Total Net Assets Fund Balance$29,385,667$36,019,730▲ $6,634,063
Total Liabilities and Net Assets / Fund Balance$29,668,726$36,295,156▲ $6,626,430

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,900,769$1,721,145$14,621,914
Other Land Buildings$1,735,654$820,121$2,555,775
Equipment$375,073$1,089,206$1,464,279
Land$1,098,018-$1,098,018
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah FehrerVice PresidentFT$160,383$31,616$191,999
Josh GoldbergExec. Director (institute)FT$140,000$32,596$172,596
Gene BaxleyExecutive Director (va)FT$126,847$20,811$147,658
Joseph WoodExecutive Director (az)FT$117,129$10,873$128,002

Board Members and Trustees

NameTitle
Ken FalkeChairman
Fred MalekVice Chairman
Brian RathjenDirector
Christopher ClementsDirector
Frank KilloranDirector
Frank LarkinDirector
Henry StoeverDirector
James BallDirector
Jane-scott CantusDirector
John DubiaDirector
Mike MonroeDirector
Paul LombardiDirector
Rob VeltreDirector
Rob WilkinsDirector
Robert AssenmacherDirector
Robert GainesDirector
Shawn SpringsDirector
Tony GiachintaDirector
Will WalkerDirector
Braden EdwardsSecretary
Lesley KellyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Bret MoorePrograms - R&d22426 ROAN FOREST, San Antonio, TX 78259$114,000
Rich TedeschiPrograms - R&dPO BOX 1351, Concord, NC 28026$114,000
Revenue and Support

Revenue Composition

Contributions and Grants
$21,771,332
Program Service Revenue
$127,500
Investment Income
$-3,107
Other Revenue
$392,067
All Other Contributions
$21,189,803
Change in Net Assets
$6,630,223

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Secur Prtnrshp Trust Intrsts5$1,064,830Fair Market Value (FMV)
Other Non Cash Contri Table300$51,300Fair Market Value (FMV)
Other Non Cash Contri Table111$51,107Fair Market Value (FMV)
Other Non Cash Contri Table2$50,000Fair Market Value (FMV)
Other Non Cash Contri Table1$14,126Fair Market Value (FMV)
Other Non Cash Contri Table9$1,506Fair Market Value (FMV)
Total Noncash Contributions428$1,232,869-

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,252,792
Revenue Not Reported on Financial Statements
$35,000
Revenue Not Reported on Form 990
$86,396
Other Revenue Adjustments
$35,000
Total Revenue per Audited Statements
$22,339,188
Total Revenue per Form 990
$22,287,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,427,827
Other Expenses$3,388,300
Salaries, Compensation, and Employee Benefits$2,841,442
Total Fundraising Expense$409,179
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$9,427,827--$9,427,827
Other Salaries and Wages$1,423,749$197,725$149,882$1,771,356
Depreciation Depletion$842,835--$842,835
Current Officers, Directors, Trustees, and Key Employees$450,322$74,153$64,884$589,359
All Other Expenses$254,535$28,310$66,971$349,816
Other Employee Benefits$229,359$40,031$28,431$297,821
Payroll Taxes$143,076$16,162$23,668$182,906
Other Expenses$153,713$251,388$27,064$153,713
Occupancy$96,347--$96,347
Insurance$79,800$6,369-$86,169
Office Expenses$833$30,218$34,025$65,076
Fees for Services Lobbying-$48,000-$48,000
Conferences and Meetings-$42,496-$42,496
Fees for Services Accounting-$29,513-$29,513
Fees for Services Other-$17,023$475$17,498
Travel$1,606$14,958-$16,564
Information Technology-$1,803$13,779$15,582
Fees for Services Legal-$15,149-$15,149
Total Functional Expenses$14,435,092$813,298$409,179$15,657,569

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$15,705,125
Total Expenses per Form 990$15,657,569
Expenses per Audited Statements$15,622,569
Expenses Not Reported on Form 990$82,556
Expenses Not Reported on Financial Statements$35,000
Other Expense Adjustments$35,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Share (shepherd Ctr)Atlanta, GA501(c)3Traumatic Brain Injury Center Expansion Partner$2,500,000
The Admin of the Tulane Educational FundNew Orleans, LA501(c)3Traumatic Brain Injury Center Expansion Partner$2,083,333
Jefferson UnivPhiladelphia, PA501(c)3Traumatic Brain Injury Center Expansion Partner$1,250,000
MibhAurora, CO501(c)3Traumatic Brain Injury Center Expansion Partner$930,845
Univ Florida FoundationGainsville, FL501(c)3Traumatic Brain Injury Center Expansion Partner$833,334
Camp Southern GroundFayetteville, GA501(c)3Warrior Pathh Expansion Partner$600,000
GratitudeamericaFernandina Beach, FL501(c)3Warrior Pathh Expansion Partner$600,000
Travis Mills FoundationAugusta, ME501(c)3Warrior Pathh Expansion Partner$350,000
Big Red Barn (sc)Blythewood, SC501(c)3Warrior Pathh Expansion Partner$150,000
Eod Warrior FoundationNiceville, FL501(c)3Pathh Program Support-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$550,898
Fundraising Direct Expenses$237,595
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2020 Bcr Golf$234,510$120,571$80,239$40,332
2020 Braden Edwards$46,518$46,518$10,000$36,518
Total Events$713,949$550,898$237,595$313,303
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$162,326
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The audit committee chair, board chairman and controller review form 990 prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

Each director, principal officer and member of a committee with governing board delegated powers annually signs a statement which affirms that the person has received, read, understood and agreed to comply with the policy.

Form 990, Part VI, Section C, Line 19

The organization's financial documents, audited financial statements and annual 990 tax return are available on its website. They can also be mailed or emailed upon request.

Filing and Contact Details

Filer

Filer Name
Boulder Crest Foundation
EIN
27-3228310
Phone
5405542727
Address
18370 BLUEMONT VILLAGE LANE, BLUEMONT, VA 20135

Signing Officer

Name
Kenneth Falke
Title
Chairman
Phone
5405542727
Signed
2021-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Falke
Formed
2010
Legal Domicile
Va
Voting Board Members
21
Independent Board Members
21
Employees
42
Volunteers
426

Preparer

Firm
Yount Hyde & Barbour Pc
Address
PO BOX 2560, WINCHESTER, VA 22604-1760
Preparer
Olivia a Hutton CPA
Phone
5406623417
Raw XML AppendixShowing 400 of 876 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0BOULDER CREST FOUNDATION ENSURES THAT COMBAT VETERANS, FIRST RESPONDERS, AND THEIR FAMILIES CAN LIVE GREAT LIVES IN THE AFTERMATH OF TRAUMA.
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IRS990/Desc0BOULDER CREST FOUNDATION IS A VETERAN-LED 501(C)3 NON-PROFIT ORGANIZATION THAT USES THE PROVEN SCIENCE OF POSTTRAUMATIC GROWTH TO HEAL, TRAIN, AND ADVOCATE FOR COMBAT VETERANS, FIRST RESPONDERS, AND THEIR FAMILIES WHO HAVE EXPERIENCED TRAUMA. WE DEVELOP, DELIVER, AND SCALE TRANSFORMATIVE PROGRAMS TO ENSURE THESE REMARKABLE MEN AND WOMEN TRANSFORM STRUGGLE INTO STRENGTH AND LIFELONG GROWTH, SO THEY CAN LIVE THE GREAT LIVES THEY DESERVE. MORE BROADLY, WE ARE WORKING TO IMPROVE OUTCOMES FOR VETERANS AND FIRST RESPONDERS THROUGH TRAINING THAT TEACHES INDIVIDUALS HOW TO LIVE HEALTHY AND FULFILLING LIVES.
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IRS990/Form990PartVIISectionAGrp/PersonNm11FRANK KILLORAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXEC. DIRECTOR (INSTITUTE)
IRS990/Form990PartVIISectionAGrp/TitleTxt23EXECUTIVE DIRECTOR (VA)
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXECUTIVE DIRECTOR (AZ)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
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IRS990/FundraisingDirectExpensesAmt0237595
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IRS990/InsuranceGrp/ProgramServicesAmt079800
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IRS990/OtherExpensesGrp/Desc1MARKETING/PR OUTREACH
IRS990/OtherExpensesGrp/Desc2PATHH EXPENSES
IRS990/OtherExpensesGrp/Desc3RETREAT PROGRAM EXPENSE
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IRS990/OtherRevenueMiscGrp/BusinessCd1900099
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IRS990/OtherRevenueMiscGrp/Desc0ADMINISTRATIVE FEES
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IRS990/OtherRevenueMiscGrp/ExclusionAmt2851
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt035000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15757

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$46.4$0.52$45.9$22.4$15.8$6.58
2023Detailed filing. Detailed filing data is available for this year.$39.9$0.65$39.2$16.9$13.1$3.81
2022Detailed filing. Detailed filing data is available for this year.$44.4$0.77$43.6$30.1$25.9$4.14
2021Detailed filing. Detailed filing data is available for this year.$40.0$0.35$39.6$23.1$19.5$3.60
2020Detailed filing. Detailed filing data is available for this year.$36.3$0.28$36.0$22.3$15.7$6.63
2019Detailed filing. Detailed filing data is available for this year.$29.7$0.28$29.4$9.76$6.87$2.88
2018Detailed filing. Detailed filing data is available for this year.$27.2$0.66$26.5$9.06$5.52$3.54
2017Detailed filing. Detailed filing data is available for this year.$23.3$0.38$23.0$16.8$3.91$12.9
2016Detailed filing. Detailed filing data is available for this year.$10.1$0.08$10.0$3.89$2.70$1.19
2015Detailed filing. Detailed filing data is available for this year.$9.11$0.26$8.85$1.81$1.86$0.04
2014Detailed filing. Detailed filing data is available for this year.$9.05$0.16$8.89$3.70$1.44$2.25
2013Detailed filing. Detailed filing data is available for this year.$7.69$1.05$6.64$3.57$0.67$2.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.58$0.09$3.49$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.01$0.52$0.12