Civic Intelligence

Team Summit

990 • Fiscal year 2024 • EIN 74-2529909

May 01, 2023 to Apr 30, 2024 • Filed on Feb 04, 2025

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

85th percentile

0.53x

Higher debt load relative to assets than 85% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.53x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

33rd percentile

-2.4%

Higher net margin than 33% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

79th percentile

$135,585

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

65th percentile

10%

Faster asset growth than 65% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

36th percentile

0.8%

Faster revenue growth than 36% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,024,014

Up $374,206 (+10%) from 2023

Net Assets

Down

$1,891,701

Down $88,107 (-4.5%) from 2023

Liabilities

Up

$2,132,313

Up $462,313 (+28%) from 2023

Revenue

Up

$4,033,106

Up $31,637 (+0.8%) from 2023

Expenses

Up

$4,130,879

Up $508,639 (+14%) from 2023

Net Income

Down

-$97,773

Down $477,002 (-126%) from 2023

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

2024

Assets$4,024,014
Liabilities$2,132,313
Net Assets$1,891,701

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

2024

Revenue$4,033,106
Expenses$4,130,879
Net Income-$97,773
Jump To
Filing Snapshot
Filing Period
May 1, 2023 to Apr 30, 2024
Signed
Feb 4, 2025
Return Version
2023v6.0
Gross Receipts
$4,160,538
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.

Team summit is a youth development organization empowering our 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$1,295,494$1,606,081▲ $310,587
Investments in Publicly Traded Securities$796,031$1,155,439▲ $359,408
Savings and Temporary Cash Investments$681,318$689,143▲ $7,825
Pledges and Grants Receivable$319,302--
Land, Buildings, and Equipment, Net$298,085$255,103▼ $42,982
Cash and Non-Interest-Bearing Accounts$127,494$206,555▲ $79,061
Prepaid Expenses and Deferred Charges$111,027$110,776▼ $251
Inventories for Sale or Use$17,968--
Intangible Assets$3,089$917▼ $2,172
Total Assets$3,649,808$4,024,014▲ $374,206
Liabilities
Deferred Revenue$1,573,370$1,931,078▲ $357,708
Accounts Payable and Accrued Expenses$96,630$201,235▲ $104,605
Total Liabilities$1,670,000$2,132,313▲ $462,313
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,766,506$1,627,330▼ $139,176
Net Assets With Donor Restrictions$213,302$264,371▲ $51,069
Total Net Assets Fund Balance$1,979,808$1,891,701▼ $88,107
Total Liabilities and Net Assets / Fund Balance$3,649,808$4,024,014▲ $374,206

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$147,398$165,638$313,036
Equipment$81,746$79,259$161,005
Leasehold Improvements$25,959$7,340$33,299

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$190,223$30,933▲ $17,017$-6,257$218,876
2022$165,105$31,387▲ $10,947$-4,284$190,223
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stace C BechtelExecutive DiFT$125,588$9,997$135,585

Board Members and Trustees

NameTitle
Abby DvorkinPresident
Dave LittleBoard Member
Jason RosenerBoard Member
Kathy ChristinaBoard Member
Kathy StangBoard Member
Mike RussoBoard Member
Peter HaynesBoard Member
Shawn McdonaldBoard Member
Steve StecBoard Member
Willliam RamseyBoard Member
Mark HurlbertSecretary
Markus LeunigTreasurer
Bruce MclennanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$466,209
Program Service Revenue
$3,387,446
Investment Income
$108,539
Other Revenue
$70,912
All Other Contributions
$438,674
Change in Net Assets
$-97,773

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,033,106
Revenue Not Reported on Form 990
$1,282,757
Total Revenue per Audited Statements
$5,315,863
Total Revenue per Form 990
$4,033,106
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,637,023
Other Expenses$1,363,716
Total Fundraising Expense$232,524
Grants and Similar Amounts Paid$130,140
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,775,115$212,572$128,176$2,115,863
Travel$490,717$6,000$1,583$498,300
All Other Expenses$148,981$51,335$17,270$217,586
Payroll Taxes$165,353$29,466$11,077$205,896
Other Employee Benefits$136,216$12,846$3,157$152,219
Grants to Domestic Individuals$130,140--$130,140
Current Officers, Directors, Trustees, and Key Employees-$128,448-$128,448
Occupancy$56,638$13,212$8,674$78,524
Depreciation Depletion$70,458$3,428-$73,886
Insurance$44,760$6,067-$50,827
Fees for Services Accounting-$46,338-$46,338
Other Expenses$42,447-$430$42,877
Advertising$720$4,025$36,131$40,876
Fees for Services Other-$39,876$27$39,903
Office Expenses-$14,743$21,564$36,307
Pension Plan Contributions$24,285$7,339$2,973$34,597
Conferences and Meetings$5,049$12,542-$17,591
Fees for Services Legal-$2,362-$2,362
Fees for Service Investment Mgmnt Fees--$1,462$1,462
Information Technology-$1,000-$1,000
Total Functional Expenses$3,306,756$591,599$232,524$4,130,879

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,403,970
Expenses per Audited Statements$4,130,879
Total Expenses per Form 990$4,130,879
Expenses Not Reported on Form 990$1,273,091
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$180,912
Fundraising Direct Expenses$104,138
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ski Ball$116,289$96,254$42,113$54,141
Ski Swap$43,567$43,567$7,613$35,954
Total Events$198,769$178,734$104,138$74,596
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 the form 990 e-mailed to the executive board for approval prior to filing.

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 area available upon request at team summit's 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
2025-02-04

Organization Details

Principal Officer
Abby Dvorkin
Formed
1989
Legal Domicile
Co
Voting Board Members
13
Independent Board Members
13
Employees
247
Volunteers
450

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 our 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

Our athletes begin with a foundation of family and fun and progressively work to the excellence that defines team summit as a premier environment for their development. The 2023-24 season was a year of strategic change in team summit. We began the season creating an operational strategic plan. This culminated in the creation of five action initiative plans. Those plans created a focus on accessibility, community outreach, coach recruitment and retention, elite athlete retention, and venues. These initiatives are shaping the future of team summit, increasing accessibility to our programs and empowering the success of our athletes. We had nearly 1,500 registrations in our programs. With many athletes participating in more than one program we had nearly 1,200 individuals participate in our programs. We had five athletes name to jr. Worlds teams in slopestyle, half-pipe, alpine, and ski cross. Another five athletes earned the right to participate in the youth olympic games in alpine, ski cross and moguls. One athlete earned a silver medal in the ski cross team event.

Form 990, Part XI, Line 9

Fundraising events rev/exp netted on 990 104,138 team merch sales/purchases netted on 990 22,561 fundraising events rev/exp netted on 990 -104,138 team merch sales/purchases netted on 990 -22,561

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Fundraising events rev/exp netted on 990 104,138 team merch sales/purchases netted on 990 22,561

Schedule D, Page 4, Part XII, Line 2D

Fundraising events rev/exp netted on 990 104,138 team merch sales/purchases netted on 990 22,561

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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