Civic Intelligence

Independence Pass Foundation

990 • Fiscal year 2018 • EIN 84-1133782

Jan 01, 2018 to Dec 31, 2018 • Filed on May 13, 2019

PO Box 1700Aspen, CO 81612

(970) 274-9690

Siviq Scores

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

Liabilities / Assets

38th percentile

0.01x

Higher debt load relative to assets than 38% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

44th percentile

0.02x

Higher debt load relative to revenue than 44% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

82nd percentile

26%

Higher net margin than 82% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

84th percentile

$87,275

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 36.3% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

72nd percentile

14%

Faster asset growth than 72% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

68th percentile

16%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$547,139

Up $65,133 (+14%) from 2017

Net Assets

Up

$542,627

Up $62,900 (+13%) from 2017

Liabilities

Up

$4,512

Up $2,233 (+98%) from 2017

Revenue

Up

$240,211

Up $32,446 (+16%) from 2017

Expenses

Down

$177,311

Down $20,909 (-11%) from 2017

Net Income

Up

$62,900

Up $53,355 (+559%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $685,890Liabilities 2010: $9,203Net Assets 2010: $676,6872010Assets 2011: $601,355Liabilities 2011: $0Net Assets 2011: $601,3552011Assets 2012: $621,052Liabilities 2012: $0Net Assets 2012: $621,0522012Assets 2013: $521,676Liabilities 2013: $0Net Assets 2013: $521,6762013Assets 2014: $516,893Liabilities 2014: $0Net Assets 2014: $516,8932014Assets 2015: $509,730Liabilities 2015: $663Net Assets 2015: $509,0672015Assets 2016: $470,802Liabilities 2016: $620Net Assets 2016: $470,1822016Assets 2017: $482,006Liabilities 2017: $2,279Net Assets 2017: $479,7272017Assets 2018: $547,139Liabilities 2018: $4,512Net Assets 2018: $542,6272018Assets 2019: $612,676Liabilities 2019: $240Net Assets 2019: $612,4362019Assets 2020: $664,838Liabilities 2020: $0Net Assets 2020: $664,8382020Assets 2021: $729,888Liabilities 2021: $0Net Assets 2021: $729,8882021Assets 2022: $802,718Liabilities 2022: $0Net Assets 2022: $802,7182022Assets 2023: $911,911Liabilities 2023: $0Net Assets 2023: $911,9112023Assets 2024: $1,008,960Liabilities 2024: $0Net Assets 2024: $1,008,9602024

Highlighted filing

2018

Assets$547,139
Liabilities$4,512
Net Assets$542,627

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $257,4612010Expenses 2011: $236,9032011Expenses 2012: $133,6552012Revenue 2013: $224,327Expenses 2013: $323,703Net Income 2013: -$99,3762013Revenue 2014: $179,931Expenses 2014: $184,714Net Income 2014: -$4,7832014Revenue 2015: $206,777Expenses 2015: $214,603Net Income 2015: -$7,8262015Revenue 2016: $183,384Expenses 2016: $222,269Net Income 2016: -$38,8852016Revenue 2017: $207,765Expenses 2017: $198,220Net Income 2017: $9,5452017Revenue 2018: $240,211Expenses 2018: $177,311Net Income 2018: $62,9002018Revenue 2019: $296,913Expenses 2019: $226,879Net Income 2019: $70,0342019Revenue 2020: $357,859Expenses 2020: $306,271Net Income 2020: $51,5882020Revenue 2021: $320,900Expenses 2021: $252,858Net Income 2021: $68,0422021Revenue 2022: $317,533Expenses 2022: $237,444Net Income 2022: $80,0892022Revenue 2023: $345,874Expenses 2023: $244,371Net Income 2023: $101,5032023Revenue 2024: $393,706Expenses 2024: $303,055Net Income 2024: $90,6512024

Highlighted filing

2018

Revenue$240,211
Expenses$177,311
Net Income$62,900
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 13, 2019
Return Version
2018v3.1
Gross Receipts
$240,211
Mission and Program Overview

Mission

The mission of the independence pass foundation is to restore and protect the ecological, historical, and aesthetic integrity of the independence pass corridor and to encourage stewardship, safety and appreciation of the pass.

ECOLOGICAL PRESERVATION.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$369,891$364,859▼ $5,032
Cash and Non-Interest-Bearing Accounts$111,345$182,280▲ $70,935
Land, Buildings, and Equipment, Net$105$0▼ $105
Total Assets$481,341$547,139▲ $65,798
Liabilities
Other Liabilities$1,364$4,512▲ $3,148
Deferred Revenue$250--
Total Liabilities$1,614$4,512▲ $2,898
Net Assets / Fund Balance
Unrestricted Net Assets$479,727$542,627▲ $62,900
Total Net Assets Fund Balance$479,727$542,627▲ $62,900
Total Liabilities and Net Assets / Fund Balance$481,341$547,139▲ $65,798

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$24,802$24,802
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karin TeagueExecutive DirectorFT$87,275$87,275

Board Members and Trustees

NameTitle
Emily Jack-scottCo-president
Debbi FalenderPresident
Kristen HenryVice President
Bill GruenbergDirector
Bob WadeDirector
Boots FergusonDirector
David HymanDirector
Gail HolsteinDirector
Heidi H HoffmannDirector
James PetersonDirector
Jim StarkDirector
King WoodwardDirector
Lindsey UtterSecretary
PAUL D'AMATOTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$226,000
Program Service Revenue
$12,883
Investment Income
$1,328
Other Revenue
$0
All Other Contributions
$188,000
Change in Net Assets
$62,900
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$93,952
Other Expenses$83,359
Total Fundraising Expense$29,670
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$67,275-$20,000$87,275
Advertising$13,964-$2,777$16,741
Insurance$7,717$1,200-$8,917
Payroll Taxes$5,147-$1,530$6,677
Occupancy$5,079--$5,079
Other Expenses$13,265-$4,983$4,983
Office Expenses$2,116$2,301$206$4,623
Travel$3,196--$3,196
Conferences and Meetings$2,149-$174$2,323
Fees for Services Accounting-$1,400-$1,400
Depreciation Depletion$28$77-$105
Total Functional Expenses$142,663$4,978$29,670$177,311
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Liabilities$4,512
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, Part VI, Section B, Line 11B

Prior to finalizing form 990, the treasurer performs a first review, the return is then distributed to the board members for their final review and approval.

Form 990, Part VI, Section B, Line 12C

Board members must complete a questionaire annually that requires disclosure of any potential conflicts of interest. This information is maintained by the organization's office and updated as necessary.

Form 990, Part VI, Section B, Line 15A

Compensation for the executive director is reviewed by and approved by the board through the annual budget process. Also, there is a formal performance evaluation process in use.

Form 990, Part VI, Section C, Line 19

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Independence Pass Foundation
EIN
84-1133782
Phone
9702749690
Address
PO BOX 1700, ASPEN, CO 81612

Signing Officer

Name
Karin Teague
Title
Executive Director
Phone
9702749690
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karin Teague
Formed
1989
Legal Domicile
Co
Voting Board Members
14
Independent Board Members
14
Employees
1
Volunteers
90

Preparer

Firm
Reese Henry & Company Inc
Address
400 EAST MAIN ST SUITE 2, ASPEN, CO 81611
Preparer
Denise Jurgens CPA
Phone
9709253771
Supplemental Narrative

Additional Explanations

Federal Election

For the year ended december 31, 2018, independence pass foundation is making the de minimis safe harbor election under reg. Sec. 1.263(a)-f1(f)

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/MissionDesc0THE MISSION OF THE INDEPENDENCE PASS FOUNDATION IS TO RESTORE AND PROTECT THE ECOLOGICAL, HISTORICAL, AND AESTHETIC INTEGRITY OF THE INDEPENDENCE PASS CORRIDOR AND TO ENCOURAGE STEWARDSHHIP, SAFETY AND APPRECIATION OF THE PASS.
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012883
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012883
IRS990/ProgSrvcAccomActy2Grp/Desc0AS A VOLUNTEER AND PARTNER-DRIVEN NON-PROFIT, STAFF SPENDS A GREAT DEAL OF TIME ORGANIZING, TRAINING, AND WORKING WITH VOLUNTEERS, INCLUDING SCHOOLS, YOUTH GROUPS, RECOVERY CENTERS, INMATES, COMMUNITY MEMBERS, AND OTHER NON-PROFIT AND GOVERNMENT AGENCY PERSONNEL AND VOLUNTEERS. THESE PARTNERS AND VOLUNTEERS HELP US ACCOMPLISH MANY TIMES THE RESTORATION WORK WE COULD OTHERWISE ACCOMPLISH WITH JUST ONE FULL-TIME STAFF MEMBER.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0129398
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt012883
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0222483
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0489
IRS990/PYOtherExpensesAmt0109140
IRS990/PYOtherRevenueAmt0-15207
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt09545
IRS990/PYSalariesCompEmpBnftPaidAmt089080
IRS990/PYTotalExpensesAmt0198220
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0207765
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt062900
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0369891
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0364859
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0226000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0222483
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0196961
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0210778
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0164955
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01021177
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt036220
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt036220
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01327
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0489
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0438
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0543
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0598
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03395
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0107973
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97140
IRS990ScheduleA/PublicSupportPY170Pct00.96010
IRS990ScheduleA/PublicSupportTotal170Amt01030498
IRS990ScheduleA/SubstantialContributorsTotAmt026899
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0226000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0222483
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0196961
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0210778
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0201175
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01057397
IRS990ScheduleA/TotalSupportAmt01060792
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt024802
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt024802
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04512
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt04512
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO FINALIZING FORM 990, THE TREASURER PERFORMS A FIRST REVIEW, THE RETURN IS THEN DISTRIBUTED TO THE BOARD MEMBERS FOR THEIR FINAL REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS MUST COMPLETE A QUESTIONAIRE ANNUALLY THAT REQUIRES DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THIS INFORMATION IS MAINTAINED BY THE ORGANIZATION'S OFFICE AND UPDATED AS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE EXECUTIVE DIRECTOR IS REVIEWED BY AND APPROVED BY THE BOARD THROUGH THE ANNUAL BUDGET PROCESS. ALSO, THERE IS A FORMAL PERFORMANCE EVALUATION PROCESS IN USE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FOR THE YEAR ENDED DECEMBER 31, 2018, INDEPENDENCE PASS FOUNDATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-F1(F)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FEDERAL ELECTION
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0481341
IRS990/TotalAssetsEOYAmt0547139
IRS990/TotalAssetsGrp/BOYAmt0481341
IRS990/TotalAssetsGrp/EOYAmt0547139
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0226000
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt029670
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04978
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0142663
IRS990/TotalFunctionalExpensesGrp/TotalAmt0177311
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01614
IRS990/TotalLiabilitiesEOYAmt04512
IRS990/TotalLiabilitiesGrp/BOYAmt01614
IRS990/TotalLiabilitiesGrp/EOYAmt04512
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0479727
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0542627
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0142663
IRS990/TotalProgramServiceRevenueAmt012883
IRS990/TotalReportableCompFromOrgAmt087275
IRS990/TotalRevenueGrp/ExclusionAmt01328
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012883
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0240211
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt090
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0481341
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0547139
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt03196
IRS990/TravelGrp/TotalAmt03196
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0479727
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0542627
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1700
IRS990/USAddress/CityNm0ASPEN
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081612
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.INDEPENDENCEPASS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.39$0.30$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.35$0.24$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.32$0.24$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.32$0.25$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.36$0.31$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$0.30$0.23$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.54$0.24$0.18$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.21$0.20$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.18$0.22$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.21$0.21$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.18$0.18$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.22$0.32$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.00$0.62$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.00$0.60$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.01$0.68$0.26