Civic Intelligence

America Cup Inc

990EZ • Fiscal year 2015 • EIN 45-3694925

Jan 01, 2015 to Dec 31, 2015 • Filed on Jan 29, 2016

PO Box 6084Vail, CO 81658

(970) 376-5703

Siviq Scores

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

Liabilities / Assets

99th percentile

26.66x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

90th percentile

0.33x

Higher debt load relative to revenue than 90% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

16th percentile

-20%

Higher net margin than 16% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$2,000

No earlier filing loaded for comparison.

Net Assets

-$51,324

No earlier filing loaded for comparison.

Liabilities

$53,324

No earlier filing loaded for comparison.

Revenue

$163,256

No earlier filing loaded for comparison.

Expenses

$195,201

No earlier filing loaded for comparison.

Net Income

-$31,945

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50K-$100KAssets 2015: $2,000Liabilities 2015: $53,324Net Assets 2015: -$51,3242015Assets 2016: $1,881Liabilities 2016: $15,824Net Assets 2016: -$13,9432016

Highlighted filing

2015

Assets$2,000
Liabilities$53,324
Net Assets-$51,324

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $163,256Expenses 2015: $195,201Net Income 2015: -$31,9452015Revenue 2016: $487,841Expenses 2016: $450,460Net Income 2016: $37,3812016

Highlighted filing

2015

Revenue$163,256
Expenses$195,201
Net Income-$31,945
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jan 29, 2016
Return Version
2015v2.1
Gross Receipts
$163,256
Mission and Program Overview

Mission

The america cup is a 501(c)(3) non-profit organization that promotes competitive and amateur fly fishing at the national and international levels and provides programmatic and monetary support to project healing waters fly fishing. Project healing waters fly fishing is dedicated to the crucial work of physical and emotional rehabilitation of disabled, active duty military personnel and veterans through fly fishing outings and fly tying education.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION WAS ABLE TO SERVE 120 PARTICIPANTS THROUGHOUT 2 MAJOR EVENTS DURING 2015. THE ORGANIZATION WAS ASSISTED WITH 90 VOLUNTEERS DURING THE COURSE OF THE YEAR.-$174,960
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN KNIGHTExecutive DiPT$0--
Filing and Contact Details

Filer

Filer Name
The America Cup
EIN
45-3694925
Phone
9703765703
Address
PO BOX 6084, VAIL, CO 81658

Signing Officer

Name
John Knight
Title
Executive Director
Phone
9703765703
Signed
2016-01-29

Preparer

Firm
Bivins & Bunyak Cpas Pllc
Address
429 EDWARDS ACCESS RD STE A206, EDWARDS, CO 81632
Preparer
J Elbert Bivins Iv CPA
Phone
9704561040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 8,997 office expenses 2,658 computer expense 954 travel and meals 12,457 insurance expense 956 event expense 165,963 auto expense 326 repairs & maintenance 849 total 193,160

Form 990-ez, Part II, Line 26

Loans from officers 20,300 53,324

Form 990-ez, Part III

The america cup is a 501(c)(3) non-profit organization that promotes competitive and amateur fly fishing at the national and international levels and provides programmatic and monetary support to project healing waters fly fishing. Project healing waters fly fishing is dedicated to the crucial work of physical and emotional rehabilitation of disabled, active duty military personnel and veterans through fly fishing outings and fly tying education.

Form 990-ez, Part V, Line 33

2015 was the first year that the organization planned its main event, the worlds internation fly fishing tournament. The organization held the world's youth international fly fishing tournament in colorado where youth competitors both domestic and international competed for recognition only to celebrate the sport of fly fishing as well as conservation. In 2016, the organization will play host to the world fly fishing championship where professional and amateur anglers will come to colorado to compete for recognition only. The tournament is organized and operated to promote u.s. And international competition in the sport of fly fishing and to provide program and monetary support to project healing waters fly fishing, whose mission is to assist in the physical and emotional rehabilitation of disabled active duty military personnel and veterans through fly fishing and fly tying education and outings.

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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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IRS990EZ/PrimaryExemptPurposeTxt0THE AMERICA CUP IS A 501(C)(3) NON-PROFIT ORGANIZATION THAT PROMOTES COMPETITIVE AND AMATEUR FLY FISHING AT THE NATIONAL AND INTERNATIONAL LEVELS AND PROVIDES PROGRAMMATIC AND MONETARY SUPPORT TO PROJECT HEALING WATERS FLY FISHING. PROJECT HEALING WATERS FLY FISHING IS DEDICATED TO THE CRUCIAL WORK OF PHYSICAL AND EMOTIONAL REHABILITATION OF DISABLED, ACTIVE DUTY MILITARY PERSONNEL AND VETERANS THROUGH FLY FISHING OUTINGS AND FLY TYING EDUCATION.
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt037700
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt020300
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IRS990ScheduleL/TotalBalanceDueAmt053324
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 8,997 OFFICE EXPENSES 2,658 COMPUTER EXPENSE 954 TRAVEL AND MEALS 12,457 INSURANCE EXPENSE 956 EVENT EXPENSE 165,963 AUTO EXPENSE 326 REPAIRS & MAINTENANCE 849 TOTAL 193,160
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LOANS FROM OFFICERS 20,300 53,324
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE AMERICA CUP IS A 501(C)(3) NON-PROFIT ORGANIZATION THAT PROMOTES COMPETITIVE AND AMATEUR FLY FISHING AT THE NATIONAL AND INTERNATIONAL LEVELS AND PROVIDES PROGRAMMATIC AND MONETARY SUPPORT TO PROJECT HEALING WATERS FLY FISHING. PROJECT HEALING WATERS FLY FISHING IS DEDICATED TO THE CRUCIAL WORK OF PHYSICAL AND EMOTIONAL REHABILITATION OF DISABLED, ACTIVE DUTY MILITARY PERSONNEL AND VETERANS THROUGH FLY FISHING OUTINGS AND FLY TYING EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt32015 WAS THE FIRST YEAR THAT THE ORGANIZATION PLANNED ITS MAIN EVENT, THE WORLDS INTERNATION FLY FISHING TOURNAMENT. THE ORGANIZATION HELD THE WORLD'S YOUTH INTERNATIONAL FLY FISHING TOURNAMENT IN COLORADO WHERE YOUTH COMPETITORS BOTH DOMESTIC AND INTERNATIONAL COMPETED FOR RECOGNITION ONLY TO CELEBRATE THE SPORT OF FLY FISHING AS WELL AS CONSERVATION. IN 2016, THE ORGANIZATION WILL PLAY HOST TO THE WORLD FLY FISHING CHAMPIONSHIP WHERE PROFESSIONAL AND AMATEUR ANGLERS WILL COME TO COLORADO TO COMPETE FOR RECOGNITION ONLY. THE TOURNAMENT IS ORGANIZED AND OPERATED TO PROMOTE U.S. AND INTERNATIONAL COMPETITION IN THE SPORT OF FLY FISHING AND TO PROVIDE PROGRAM AND MONETARY SUPPORT TO PROJECT HEALING WATERS FLY FISHING, WHOSE MISSION IS TO ASSIST IN THE PHYSICAL AND EMOTIONAL REHABILITATION OF DISABLED ACTIVE DUTY MILITARY PERSONNEL AND VETERANS THROUGH FLY FISHING AND FLY TYING EDUCATION AND OUTINGS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART V, LINE 33
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN KNIGHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09703765703
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE AMERICA CUP
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0453694925
ReturnHeader/Filer/PhoneNum09703765703
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 6084
ReturnHeader/Filer/USAddress/CityNm0VAIL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd081658
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272884591
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BIVINS & BUNYAK CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0429 EDWARDS ACCESS RD STE A206
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EDWARDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd081632
ReturnHeader/PreparerPersonGrp/PhoneNum09704561040
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J ELBERT BIVINS IV CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-02-10T14:08:26-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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Filings