Civic Intelligence

Team Summit

990 • Fiscal year 2016 • EIN 74-2529909

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 02, 2016

0800 Copper Road 3307Copper Mountain, CO 80443

(970) 968-3080

Siviq Scores

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

Liabilities / Assets

60th percentile

0.18x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

30th percentile

0.03x

Higher debt load relative to revenue than 30% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

53rd percentile

3.0%

Higher net margin than 53% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

86th percentile

28%

Faster asset growth than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

88th percentile

44%

Faster revenue growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$282,709

Up $61,027 (+28%) from 2015

Net Assets

Up

$230,862

Up $41,364 (+22%) from 2015

Liabilities

Up

$51,847

Up $19,663 (+61%) from 2015

Revenue

Up

$1,591,646

Up $485,977 (+44%) from 2015

Expenses

Up

$1,543,867

Up $427,480 (+38%) from 2015

Net Income

Up

$47,779

Up $58,497 (+546%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $267,871Liabilities 2011: $10,836Net Assets 2011: $257,0352011Assets 2012: $213,336Liabilities 2012: $24,305Net Assets 2012: $189,0312012Assets 2013: $144,233Liabilities 2013: $31,623Net Assets 2013: $112,6102013Assets 2014: $215,474Liabilities 2014: $13,174Net Assets 2014: $202,3002014Assets 2015: $221,682Liabilities 2015: $32,184Net Assets 2015: $189,4982015Assets 2016: $282,709Liabilities 2016: $51,847Net Assets 2016: $230,8622016Assets 2017: $472,640Liabilities 2017: $90,996Net Assets 2017: $381,6442017Assets 2018: $574,261Liabilities 2018: $168,333Net Assets 2018: $405,9282018Assets 2019: $530,895Liabilities 2019: $283,689Net Assets 2019: $247,2062019Assets 2020: $1,309,427Liabilities 2020: $1,213,252Net Assets 2020: $96,1752020Assets 2021: $2,056,926Liabilities 2021: $850,449Net Assets 2021: $1,206,4772021Assets 2022: $2,998,641Liabilities 2022: $1,392,653Net Assets 2022: $1,605,9882022Assets 2023: $3,649,808Liabilities 2023: $1,670,000Net Assets 2023: $1,979,8082023Assets 2024: $4,024,014Liabilities 2024: $2,132,313Net Assets 2024: $1,891,7012024Assets 2025: $3,212,249Liabilities 2025: $1,374,451Net Assets 2025: $1,837,7982025

Highlighted filing

2016

Assets$282,709
Liabilities$51,847
Net Assets$230,862

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $880,389Expenses 2011: $870,166Net Income 2011: $10,2232011Revenue 2012: $911,629Expenses 2012: $974,642Net Income 2012: -$63,0132012Revenue 2013: $905,570Expenses 2013: $988,334Net Income 2013: -$82,7642013Revenue 2014: $1,106,765Expenses 2014: $1,027,647Net Income 2014: $79,1182014Revenue 2015: $1,105,669Expenses 2015: $1,116,387Net Income 2015: -$10,7182015Revenue 2016: $1,591,646Expenses 2016: $1,543,867Net Income 2016: $47,7792016Revenue 2017: $1,763,783Expenses 2017: $1,620,687Net Income 2017: $143,0962017Revenue 2018: $2,026,563Expenses 2018: $2,002,849Net Income 2018: $23,7142018Revenue 2019: $2,123,817Expenses 2019: $2,282,429Net Income 2019: -$158,6122019Revenue 2020: $2,211,953Expenses 2020: $2,367,249Net Income 2020: -$155,2962020Revenue 2021: $2,720,711Expenses 2021: $1,611,466Net Income 2021: $1,109,2452021Revenue 2022: $3,181,160Expenses 2022: $2,771,214Net Income 2022: $409,9462022Revenue 2023: $4,001,469Expenses 2023: $3,622,240Net Income 2023: $379,2292023Revenue 2024: $4,033,106Expenses 2024: $4,130,879Net Income 2024: -$97,7732024Revenue 2025: $4,165,625Expenses 2025: $4,219,579Net Income 2025: -$53,9542025

Highlighted filing

2016

Revenue$1,591,646
Expenses$1,543,867
Net Income$47,779
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 2, 2016
Return Version
2015v2.1
Gross Receipts
$1,652,158
Mission and Program Overview

Mission

Team summit is a youth development organization empowering athletes to realize and celebrate their personal podiums through athletics, education, and life skills by participating in innovative programming at our world class venues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$86,725$133,733▲ $47,008
Investments in Publicly Traded Securities$95,963$95,915▼ $48
Land, Buildings, and Equipment, Net$22,263$35,981▲ $13,718
Accounts Receivable$7,645$28,973▲ $21,328
Prepaid Expenses and Deferred Charges$865--
Cash and Non-Interest-Bearing Accounts$8,221$-11,893▼ $20,114
Total Assets$221,682$282,709▲ $61,027
Liabilities
Other Liabilities$31,175$41,751▲ $10,576
Accounts Payable and Accrued Expenses$1,009$10,096▲ $9,087
Total Liabilities$32,184$51,847▲ $19,663
Net Assets / Fund Balance
Unrestricted Net Assets$56,273$103,010▲ $46,737
Permanently Rstr Net Assets$95,963$95,915▼ $48
Temporarily Rstr Net Assets$37,262$31,937▼ $5,325
Total Net Assets Fund Balance$189,498$230,862▲ $41,364
Total Liabilities and Net Assets / Fund Balance$221,682$282,709▲ $61,027

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$32,795$55,858$88,653
Equipment$3,186$51,004$54,190

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$95,963-▼ $48-$95,915
2014$82,530$11,645▲ $1,788-$95,963
2013$104,014-▲ $12,160$-33,644$82,530
2012$95,770-▲ $8,244-$104,014
2011$97,253-▼ $1,483-$95,770
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jerry KarlExecutive DiFT$38,333$38,333

Board Members and Trustees

NameTitle
Bruce MclennanPresident
Anne GishBoard Member
Dave LittleBoard Member
Jay LongBoard Member
Jessie TrueBoard Member
Steve StecBoard Member
Whitney HencerothBoard Member
William JacksonBoard Member
Amy NaesSecretary
Art GraperTreasurer
Todd StockbauerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$182,853
Program Service Revenue
$1,331,699
Investment Income
$6,727
Other Revenue
$70,367
All Other Contributions
$169,938
Change in Net Assets
$47,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,038,818
Other Expenses$457,724
Total Fundraising Expense$81,441
Grants and Similar Amounts Paid$47,325
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$713,077$61,291$66,907$841,275
Travel$121,596$1,532$722$123,850
All Other Expenses$84,645$4,295$357$89,297
Payroll Taxes$59,795$9,145$5,549$74,489
Other Employee Benefits$72,637--$72,637
Occupancy$35,094$26,956-$62,050
Current Officers, Directors, Trustees, and Key Employees-$50,417-$50,417
Grants to Domestic Individuals$47,325--$47,325
Other Expenses$20,635$28,776$293$20,635
Insurance$17,396$1,789-$19,185
Fees for Services Accounting$147$10,688$146$10,981
Office Expenses$1,938$5,938$1,645$9,521
Advertising$2,654$140$5,431$8,225
Depreciation Depletion$7,419--$7,419
Fees for Services Other$100$1,758-$1,858
Conferences and Meetings$371$936$391$1,698
Total Functional Expenses$1,258,496$203,930$81,441$1,543,867
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$114,185
Fundraising Direct Expenses$56,846
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ski Ball$66,409$66,409$23,058$43,351
Ski Swap - Brec$25,751$25,751$2,657$23,094
Total Events$115,348$104,848$54,863$49,985
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
CREDIT CARD: VISA - FIRSTBANK$32,875
Payroll Tax Liabilities$8,876
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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, Page 6, Part VI, Line 11B

Draft copy of form 990 e-mailed to executive board for approval.

Form 990, Page 6, Part VI, Line 12C

Board members are reviewed annually for conflict of interest. Each member completes a statement confirming there is no conflict of interest on their part.

Form 990, Page 6, Part VI, Line 15A

Executive board members annually review the executive director's performance in determining and approving his salary.

Form 990, Page 6, Part VI, Line 19

Forms 1023 and 990 are available upon request at the team summit offices during regular business hours.

Filing and Contact Details

Filer

Filer Name
Team Summit
EIN
74-2529909
Phone
9709683080
Address
0800 COPPER ROAD 3307, COPPER MOUNTAIN, CO 80443
Doing Business As
Team Summit Colorado

Signing Officer

Name
Jerry Karl
Title
Executive Director
Phone
9709682318
Signed
2016-11-02

Organization Details

Principal Officer
Bruce Mclennan
Formed
1989
Legal Domicile
Co
Voting Board Members
11
Independent Board Members
11
Employees
119
Volunteers
287

Preparer

Firm
Stuhr & Associates LLC
Address
PO BOX 573, FRISCO, CO 80443
Preparer
Jolene R Reddell
Phone
9706685516
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Team summit is a youth development organization empowering athletes to realize and celebrate their personal podiums through athletics, education, and life skills by participating in innovative programming at our world class venues.

Form 990, Page 1, Part I, Line 6

Volunteers and their efforts are the backbone of team summit colorado. Volunteers assist our staff in putting on competitions, events and fundraisers throughout the year and their efforts are central to our community outreach efforts. Volunteers and their efforts enable the team to continue to provide our elite programs in a cost effective manner. Total volunteer hours for the 2015/2016 fiscal year were 3,600

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$1.37$1.84$4.17$4.22$0.05
2024Detailed filing. Detailed filing data is available for this year.$4.02$2.13$1.89$4.03$4.13$0.10
2023Detailed filing. Detailed filing data is available for this year.$3.65$1.67$1.98$4.00$3.62$0.38
2022Detailed filing. Detailed filing data is available for this year.$3.00$1.39$1.61$3.18$2.77$0.41
2021Summary only. Only limited summary data is available for this year.$2.06$0.85$1.21$2.72$1.61$1.11
2020Detailed filing. Detailed filing data is available for this year.$1.31$1.21$0.10$2.21$2.37$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.53$0.28$0.25$2.12$2.28$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.57$0.17$0.41$2.03$2.00$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.47$0.09$0.38$1.76$1.62$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.28$0.05$0.23$1.59$1.54$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.03$0.19$1.11$1.12$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.22$0.01$0.20$1.11$1.03$0.08
2013Summary only. Only limited summary data is available for this year.$0.14$0.03$0.11$0.91$0.99$0.08
2012Summary only. Only limited summary data is available for this year.$0.21$0.02$0.19$0.91$0.97$0.06
2011Summary only. Only limited summary data is available for this year.$0.27$0.01$0.26$0.88$0.87$0.01