Civic Intelligence

First Descents

EIN 81-0539964 • 501(c)3 • Denver, CO

Profile

First descents provides life-changing outdoor adventures to young adults impacted by cancer.

621 Kalamath St Ste 175Denver, CO 80204

www.firstdescents.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

24th percentile

0.03x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.04x

Higher debt load relative to revenue than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

89th percentile

49%

Higher net margin than 89% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

93rd percentile

54%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

89%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$13,122,329

Up $4,599,327 (+54%) from 2023

Liabilities

Down

$368,742

Down $104,492 (-22%) from 2023

Net Assets

Up

$12,753,587

Up $4,703,819 (+58%) from 2023

Revenue

Up

$8,875,854

Up $4,187,994 (+89%) from 2023

Expenses

Down

$4,486,181

Down $131,950 (-2.9%) from 2023

Net Income

Up

$4,389,673

Up $4,319,944 (+6195%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $696,715Liabilities 2011: $67,734Net Assets 2011: $628,9812011Assets 2012: $811,375Liabilities 2012: $115,073Net Assets 2012: $696,3022012Assets 2013: $880,781Liabilities 2013: $50,070Net Assets 2013: $830,7112013Assets 2014: $1,373,518Liabilities 2014: $104,615Net Assets 2014: $1,268,9032014Assets 2015: $2,056,211Liabilities 2015: $594,046Net Assets 2015: $1,462,1652015Assets 2016: $1,764,806Liabilities 2016: $55,405Net Assets 2016: $1,709,4012016Assets 2017: $2,192,636Liabilities 2017: $54,398Net Assets 2017: $2,138,2382017Assets 2018: $3,258,497Liabilities 2018: $1,101,349Net Assets 2018: $2,157,1482018Assets 2019: $3,319,469Liabilities 2019: $776,405Net Assets 2019: $2,543,0642019Assets 2020: $7,107,473Liabilities 2020: $1,497,551Net Assets 2020: $5,609,9222020Assets 2021: $8,441,056Liabilities 2021: $1,288,464Net Assets 2021: $7,152,5922021Assets 2022: $9,193,462Liabilities 2022: $406,998Net Assets 2022: $8,786,4642022Assets 2023: $8,523,002Liabilities 2023: $473,234Net Assets 2023: $8,049,7682023Assets 2024: $13,122,329Liabilities 2024: $368,742Net Assets 2024: $12,753,5872024

Highlighted filing

2024

Assets$13,122,329
Liabilities$368,742
Net Assets$12,753,587

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $1,801,154Expenses 2011: $1,490,465Net Income 2011: $310,6892011Expenses 2012: $1,940,8222012Revenue 2013: $2,197,840Expenses 2013: $2,063,431Net Income 2013: $134,4092013Revenue 2014: $2,576,803Expenses 2014: $2,148,256Net Income 2014: $428,5472014Revenue 2015: $3,096,389Expenses 2015: $2,903,127Net Income 2015: $193,2622015Revenue 2016: $2,435,282Expenses 2016: $2,708,046Net Income 2016: -$272,7642016Revenue 2017: $3,428,253Expenses 2017: $2,999,416Net Income 2017: $428,8372017Revenue 2018: $3,915,929Expenses 2018: $3,116,989Net Income 2018: $798,9402018Revenue 2019: $3,585,157Expenses 2019: $3,141,034Net Income 2019: $444,1232019Revenue 2020: $5,353,262Expenses 2020: $2,286,273Net Income 2020: $3,066,9892020Revenue 2021: $4,632,014Expenses 2021: $2,535,532Net Income 2021: $2,096,4822021Revenue 2022: $4,698,091Expenses 2022: $3,978,589Net Income 2022: $719,5022022Revenue 2023: $4,687,860Expenses 2023: $4,618,131Net Income 2023: $69,7292023Revenue 2024: $8,875,854Expenses 2024: $4,486,181Net Income 2024: $4,389,6732024

Highlighted filing

2024

Revenue$8,875,854
Expenses$4,486,181
Net Income$4,389,673

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.1$0.37$12.8$8.88$4.49$4.39
2023Summary only. Only limited summary data is available for this year.$8.52$0.47$8.05$4.69$4.62$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.19$0.41$8.79$4.70$3.98$0.72
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.44$1.29$7.15$4.63$2.54$2.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.11$1.50$5.61$5.35$2.29$3.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.32$0.78$2.54$3.59$3.14$0.44
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.26$1.10$2.16$3.92$3.12$0.80
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$0.05$2.14$3.43$3.00$0.43
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$0.06$1.71$2.44$2.71$0.27
2015Detailed filing. Detailed filing data is available for this year.$2.06$0.59$1.46$3.10$2.90$0.19
2014Detailed filing. Detailed filing data is available for this year.$1.37$0.10$1.27$2.58$2.15$0.43
2013Detailed filing. Detailed filing data is available for this year.$0.88$0.05$0.83$2.20$2.06$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.12$0.70$1.94
2011Summary only. Only limited summary data is available for this year.$0.70$0.07$0.63$1.80$1.49$0.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 24, 2025
Return Version
2024v5.0
Gross Receipts
$9,609,349
Mission and Program Overview

Mission

First descents provides life-changing outdoor adventures to young adults impacted by cancer.

First descents provides life-changing outdoor adventures to young adults impacted by cancer and other serious health conditions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,111,704$5,981,404▲ $869,700
Pledges and Grants Receivable$519,187$3,980,874▲ $3,461,687
Land, Buildings, and Equipment, Net$1,693,945$1,961,438▲ $267,493
Cash and Non-Interest-Bearing Accounts$952,174$911,120▼ $41,054
Prepaid Expenses and Deferred Charges$230,070$247,062▲ $16,992
Investments in Publicly Traded Securities-$25,058-
Inventories for Sale or Use-$15,373-
Total Assets$8,523,002$13,122,329▲ $4,599,327
Other Assets Total$15,922--
Liabilities
Accounts Payable and Accrued Expenses$196,445$187,735▼ $8,710
Deferred Revenue$156,717$181,007▲ $24,290
Unsecured Notes Loans Payable$89,729--
Other Liabilities$30,343--
Total Liabilities$473,234$368,742▼ $104,492
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,355,581$8,059,313▲ $703,732
Net Assets With Donor Restrictions$694,187$4,694,274▲ $4,000,087
Total Net Assets Fund Balance$8,049,768$12,753,587▲ $4,703,819
Total Liabilities and Net Assets / Fund Balance$8,523,002$13,122,329▲ $4,599,327

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,450,000-$1,450,000
Other Land Buildings$477,236$5,000$482,236
Equipment$34,202$120,780$154,982
Leasehold Improvements-$1,855$1,855

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024-$250,000--$250,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PATRICK O'DONOGHUEExecutive DiFT$241,579$19,799$261,378
PATRICK O'DONOGHUEExecutive Director-$234,079$27,299$261,378
Bradford LuddenFounder andFT$185,936$16,402$202,338
Bradford LuddenFounder and CEO-$180,936$21,402$202,338
Raymond SheddVP of AdvancFT$179,836$15,018$194,854
Raymond SheddVP of Advancement-$174,836$20,018$194,854
Adam SchusterCOOFT$146,968$17,802$164,770
Anna McgrathVP of PrograFT$115,259$12,572$127,831

Board Members and Trustees

NameTitle
Debbie King FordBoard Chairp
Julie WrightVice Chairpe
Alix BerglundDirector
Ben DavisDirector
Brent GoldsteinDirector
Brock StrasbourgerDirector
Dr Brandon Hayes-lattinDirector
Elizabeth KeatingDirector
Genevieve HovdeDirector
Joel AppelDirector
Kammi ReissDirector
Tanum Davis BohenDirector
Larry SmithMedical Dire
Kip CrossSecretary
Michael GrossTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,234,097
Program Service Revenue
$0
Investment Income
$208,147
Other Revenue
$-566,390
All Other Contributions
$7,891,037
Change in Net Assets
$4,389,673

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table4$165,532Fair Market Value (FMV)
Other Non Cash Contri Table1$86,708Fair Market Value (FMV)
Securities Publicly Traded2$53,968Fair Market Value (FMV)
Total Noncash Contributions7$306,208-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,875,854
Revenue Not Reported on Form 990
$226,390
Total Revenue per Audited Statements
$9,102,244
Total Revenue per Form 990
$8,875,854
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,568,431
Other Expenses$1,917,750
Total Fundraising Expense$998,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$985,944$126,922$455,168$1,568,034
Current Officers, Directors, Trustees, and Key Employees$393,896$51,187$183,403$628,486
Payroll Taxes$106,488$15,405$54,662$176,555
Travel$38,363$3,945$108,839$151,147
Other Employee Benefits$89,944$13,012$46,170$149,126
Fees for Services Other$76,396$41,415$2,567$120,378
Advertising$40,705-$38,040$78,745
Office Expenses$14,516$1,564$46,837$62,917
Information Technology$38,029$3,792$16,172$57,993
Pension Plan Contributions$27,883$4,034$14,313$46,230
Occupancy$27,980$3,276$9,220$40,476
Insurance$19,777$4,795$6,313$30,885
Depreciation Depletion$5,396$632$1,778$7,806
Other Expenses$1,492$766$1,251$3,509
Total Functional Expenses$3,175,430$312,679$998,072$4,486,181

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,712,571
Expenses per Audited Statements$4,486,181
Total Expenses per Form 990$4,486,181
Expenses Not Reported on Form 990$226,390
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$702,314
Fundraising Gross Income$131,946
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Silverton Shred$184,307-$60,623-
Fd Ball$979,131$131,946$279,991$-148,045
Total Events$1,475,006$131,946$702,314$-570,368
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
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
Yes
Other officer compensation reviewed
Yes
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

The organization's form 990 is reviewed by the chief operating officer and personnel responsible for financial accounting.

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

Directors and officers must disclose all material facts concerning an actual or potential conflict of interest as soon as it is discovered. Disclosure shall be directed to the board of directors via the chairperson, chief executive officer, or the secretary. If it appears that a conflict of interest exists, the board of directors or the chair of the relevant committee therof shall appoint a non-interest person or a committee of the board of directors to investigate alternatives to the proposed transaction or arrangement. If the board of directors has resonable cause to believe that a director or officer has failed to disclose an actual or possible conflict of interest, it shall inform such person of basis for such belief and afford such person an opportunity to explain the alegged failure to disclose. If after hearing the response of the director or officer, and making further investigation, the board of directors determines that the director or officer has failed to disclose an actual or possible conflict of interest, it shall take appropriate action.

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

The organization conducted an analysis of nonprofit pay by region, job function, etc. In order to determine suitable compensation for its ceo, coo, directors and all staff. The proposed compensation was presented to the board for approval. This process was last conducted in december 2023.

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

The organization conducted an analysis of nonprofit pay by region, job function, etc. In order to determine suitable compensation for its ceo, coo, directors and all staff. The proposed compensation was presented to the board for approval. This process was last conducted in december 2023.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents available to the public by request at its office.

Filing and Contact Details

Filer

Filer Name
First Descents
EIN
81-0539964
Phone
3039452490
Address
621 KALAMATH ST STE 175, DENVER, CO 80204

Signing Officer

Name
Adam Schuster
Title
COO
Phone
3039452490
Signed
2025-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Schuster
Formed
2003
Legal Domicile
Co
Voting Board Members
16
Independent Board Members
15
Employees
58
Volunteers
90

Preparer

Firm
Jds Professional Group
Address
10303 E DRY CREEK RD STE 400, ENGLEWOOD, CO 80112
Preparer
Lori B Bauer CPA
Phone
3037710123
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Prior period adjustment to tie to 2024 audit.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment funds will be used to produce interest income to further support fd's general operations.

Schedule D, Page 3, Part X

Management believes that the organization has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

Raw XML AppendixShowing 400 of 634 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/Desc0DURING THE FIRST DESCENTS EXPERIENCE, YOUNG ADULTS IMPACTED BY CANCER AND OTHER SERIOUS HEALTH CONDITIONS ARE EMPOWERED THROUGH CONQUERING LEGITIMATE OUTDOOR CHALLENGES TO PUSH THEIR LIMITS AND FACE THIER FEARS AND BY DOING SO, THEY REGAIN THE CONFIDENCE LOST TO HEALTH CONDITIONS. IN 2024, FIRST DESCENTS PROVIDED 35 WEEK-LONG PROGRAMS AND 1 MULTI-DAY PROGRAM SERVING A TOTAL OF 441 PARTICIPANTS. FIRST DESCENTS ALSO SERVED 1,001 PARTICIPANTS THROUGH LOCAL COMMUNITY ADVENTURES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEDICAL DIRE
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15FOUNDER AND
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IRS990/Form990PartVIISectionAGrp/TitleTxt17COO
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IRS990/MethodOfAccountingAccrualInd0X
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