Civic Intelligence

Team Summit

990 • Fiscal year 2023 • EIN 74-2529909

May 01, 2022 to Apr 30, 2023 • Filed on Jan 23, 2024

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

82nd percentile

0.46x

Higher debt load relative to assets than 82% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

78th percentile

0.42x

Higher debt load relative to revenue than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

61st percentile

9.5%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

75th percentile

$120,077

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

78th percentile

22%

Faster asset growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

72nd percentile

26%

Faster revenue growth than 72% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,649,808

Up $651,167 (+22%) from 2022

Net Assets

Up

$1,979,808

Up $373,820 (+23%) from 2022

Liabilities

Up

$1,670,000

Up $277,347 (+20%) from 2022

Revenue

Up

$4,001,469

Up $820,309 (+26%) from 2022

Expenses

Up

$3,622,240

Up $851,026 (+31%) from 2022

Net Income

Down

$379,229

Down $30,717 (-7.5%) from 2022

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

2023

Assets$3,649,808
Liabilities$1,670,000
Net Assets$1,979,808

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

2023

Revenue$4,001,469
Expenses$3,622,240
Net Income$379,229
Jump To
Filing Snapshot
Filing Period
May 1, 2022 to Apr 30, 2023
Signed
Jan 23, 2024
Return Version
2022v5.0
Gross Receipts
$4,358,401
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
Accounts Receivable$1,089,636$1,295,494▲ $205,858
Investments in Publicly Traded Securities$113,233$796,031▲ $682,798
Savings and Temporary Cash Investments$641,091$681,318▲ $40,227
Pledges and Grants Receivable$319,302$319,302→ $0
Land, Buildings, and Equipment, Net$149,787$298,085▲ $148,298
Cash and Non-Interest-Bearing Accounts$611,517$127,494▼ $484,023
Prepaid Expenses and Deferred Charges$69,671$111,027▲ $41,356
Inventories for Sale or Use-$17,968-
Intangible Assets$4,404$3,089▼ $1,315
Total Assets$2,998,641$3,649,808▲ $651,167
Liabilities
Deferred Revenue$1,007,118$1,573,370▲ $566,252
Other Liabilities$378,095$94,888▼ $283,207
Accounts Payable and Accrued Expenses$7,440$1,742▼ $5,698
Total Liabilities$1,392,653$1,670,000▲ $277,347
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,415,572$1,766,506▲ $350,934
Net Assets With Donor Restrictions$190,416$213,302▲ $22,886
Total Net Assets Fund Balance$1,605,988$1,979,808▲ $373,820
Total Liabilities and Net Assets / Fund Balance$2,998,641$3,649,808▲ $651,167

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$193,903$128,133$322,036
Equipment$74,835$62,202$137,037
Leasehold Improvements$29,347$3,952$33,299

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$51,872$31,387▲ $2,560$4,284$73,203
2021$126,554$64,264▼ $8,821$3,932$165,105
2020$108,353-▲ $22,701-$126,554
2019$110,867-▲ $1,986-$108,353
2018$111,636$550▲ $3,081-$110,867
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stace C BechtelExecutive DiFT$111,312$8,765$120,077

Board Members and Trustees

NameTitle
Bruce MclennanPresident
Dave LittleBoard Member
Jason RosenerBoard Member
Kathy ChristinaBoard Member
Kathy StangBoard Member
Mark HurlbertBoard Member
Markus LeunigBoard Member
Peter HaynesBoard Member
Shawn McdonaldBoard Member
Steve StecBoard Member
William RamseyBoard Member
Anne GishSecretary
Art GraperTreasurer
Abby DvorkinVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$558,509
Program Service Revenue
$3,264,040
Investment Income
$15,499
Other Revenue
$163,421
All Other Contributions
$494,463
Change in Net Assets
$379,229

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table2$69,631
Cars and Other Vehicles1$46,987
Securities Publicly Traded1$10,610
Total Noncash Contributions4$127,228
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,225,750
Other Expenses$1,259,122
Total Fundraising Expense$219,118
Grants and Similar Amounts Paid$137,368
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,502,840$135,414$133,000$1,771,254
Travel$548,622$4,461$550$553,633
All Other Expenses$149,411$15,415$16,671$181,497
Payroll Taxes$137,286$19,513$11,153$167,952
Grants to Domestic Individuals$137,368--$137,368
Other Employee Benefits$123,189$8,192$1,008$132,389
Current Officers, Directors, Trustees, and Key Employees-$113,013-$113,013
Occupancy$47,679$8,299$5,533$61,511
Depreciation Depletion$47,485$2,314-$49,799
Insurance$41,676$3,196-$44,872
Pension Plan Contributions$30,949$6,520$3,673$41,142
Other Expenses$37,877$46,229-$37,877
Office Expenses-$15,078$17,248$32,326
Advertising--$29,171$29,171
Fees for Services Accounting-$27,500-$27,500
Fees for Services Other-$24,116-$24,116
Conferences and Meetings$2,385$7,456$80$9,921
Fees for Services Legal-$2,787-$2,787
Information Technology-$1,500-$1,500
Fees for Service Investment Mgmnt Fees--$1,031$1,031
Total Functional Expenses$2,962,119$441,003$219,118$3,622,240
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$305,036
Fundraising Direct Expenses$148,029
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ski Ball$233,011$192,500$77,240$115,260
Paul Kresge Mem$31,387$10,852$4,284$6,568
Total Events$349,615$288,569$138,395$150,174
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$65,582
Customer Deposits$8,735
401k Payable$8,546
CREDIT CARD: VISA - FIRSTBANK$7,703
Outstanding Checks - Aged$4,189
Alpine Cc$133
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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
Stace C Bechtel
Title
Executive Director
Phone
9709682318
Signed
2024-01-23

Organization Details

Principal Officer
Bruce Mclennan
Formed
1989
Legal Domicile
Co
Voting Board Members
14
Independent Board Members
14
Employees
201
Volunteers
260

Preparer

Firm
Stuhr & Associates LLC
Address
620 MAIN ST STE 12, 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.

Form 990, Page 2, Part III, Line 4A

Programs begin with our intro programs focusing on the sports fundamentals and progress with the athletes to our academic, postgraduate and masters athlete programs that enable athletes to train and focus on national and international competitions. Current programs include nordic, alpine, freeski and snowboard on-snow activities along with year-round dry-land physical training programs. In addition, we have added intro, mountain biking, and after school programs. Team summit colorado has 1048 athletes. Currently, there are 174 athletes in our alpine program, 231 in our freeski program, 255 in our intro program, 57 in our nordic program, 55 in our mountain biking program, 70 in our snowboard program, and 198 in our after school programs, team summit colorado operates programs at a-basin, breckenridge, copper mountain and keystone resorts, as well as breckenridge, gold run and frisco nordic centers, and at the frisco adventure park.

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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