Civic Intelligence

Intermountain Athlete Development Foundation

990EZ • Fiscal year 2022 • EIN 85-3368401

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 07, 2023

Organization ProfileN/A
2654 E Water Wheel CTHeber City, UT 84032

(801) 492-6092

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

81st percentile

33%

Higher net margin than 81% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

73rd percentile

23%

Faster asset growth than 73% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-84%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$53,418

Up $10,014 (+23%) from 2021

Net Assets

Up

$53,418

Up $10,014 (+23%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin81st percentile

Revenue

Down

$29,963

Down $159,251 (-84%) from 2021

Expenses

Down

$19,949

Down $164,745 (-89%) from 2021

Net Income

Up

$10,014

Up $5,494 (+122%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$60K$40K$20K$0Assets 2020: $38,884Liabilities 2020: $0Net Assets 2020: $38,8842020Assets 2021: $43,404Liabilities 2021: $0Net Assets 2021: $43,4042021Assets 2022: $53,418Liabilities 2022: $0Net Assets 2022: $53,4182022Assets 2023: $13,723Liabilities 2023: $0Net Assets 2023: $13,7232023Assets 2024: $297Net Assets 2024: $2972024

Highlighted filing

2022

Assets$53,418
Liabilities$0
Net Assets$53,418
Open 2022 Filing

Operations Trend

Revenue Growth4th percentile

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

$200K$100K$0-$100KRevenue 2020: $76,847Expenses 2020: $37,963Net Income 2020: $38,8842020Revenue 2021: $189,214Expenses 2021: $184,694Net Income 2021: $4,5202021Revenue 2022: $29,963Expenses 2022: $19,949Net Income 2022: $10,0142022Revenue 2023: $10,000Expenses 2023: $49,695Net Income 2023: -$39,6952023Revenue 2024: $5,581Expenses 2024: $19,007Net Income 2024: -$13,4262024

Highlighted filing

2022

Revenue$29,963
Expenses$19,949
Net Income$10,014
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 7, 2023
Return Version
2022v5.0
Gross Receipts
$66,130
Mission and Program Overview

Mission

To teach, educate, and provide unique access to the sport of racing for youth and young adults.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION PROVIDES EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY AT LARGE AND THOSE WHO DIRECTLY AFFILIATE WITH THE FOUNDATION. THIS INCLUDES TEACHING A HISTORY OF RACING AND AUTOMOBILES; ENCOURAGING TEAM WORK AND A SENSE OF COMMUNITY THROUGH COLLABORATION WITH OTHER PROGRAMS; AND COACHING PROPER DRIVING TECHNIQUES AND COMPETITION. IT IS DEDICATED TO LIFTING THE SPIRITS AND CREATING OPPORTUNITIES OF INSPIRATION FOR CHILDREN THROUGHOUT THE INTERMOUNTAIN WEST BY PROVIDING THEM WITH UNIQUE ACCESS TO EVENTS AND TRAINING THAT WOULD NOT BE AVAILABLE TO THEM DUE TO THE HIGH COSTS ASSOCIATED WITH THE SPORT. SPECIFICALLY THE FOUNDATION SUPPORTS HANDS-ON EDUCATION AND SAFETY PROGRAMS, RECOGNIZES EXCELLENCE IN AUTOMOTIVE ENGINEERING EDUCATION AND PROMOTES AMATEUR AUTO-RACING. THE FOUNDATION, IN COOPERATION WITH UTAH MOTORSPORTS CAMPUS, WILL TEACH AND EDUCATE YOUTH AND YOUNG ADULTS IN HOW TO PARTICIPATE IN AMATEUR RACING. AS PART OF ITS EDUCATIONAL PROGRAMMING, THE FOUNDATION MAY OWN ONE OR MORE VEHICLES AND OPERATE OR SUPPORT A TEAM. PARTICIPANTS WILL LEARN HOW TO OPERATE SUCH A PROGRAM AND THE SKILLS, DRIVE AND AMBITION NECESSARY TO SUCCEED IN LIFE.$1,000$4,723
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
REBECKAH G WATKINSSecretary-$0--
IAN LACYTreasurer-$0--
WESTON L WATKINSPresident-$0--
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ian Lacy RacingIan Lacy Is a Director of Both OrganizationsMonetaryNo$4,413
Filing and Contact Details

Filer

Filer Name
Intermountain Athlete Development Founda
EIN
85-3368401
Phone
8014926092
Address
2654 E WATER WHEEL CT, HEBER CITY, UT 84032

Signing Officer

Name
Weston L Watkins
Title
President
Phone
8014926092
Signed
2023-09-07
Discuss with paid preparer
Yes

Preparer

Firm
Eide Bailly Llp
Address
2901 N ASHTON BLVD STE 200, LEHI, UT 84043-5496
Preparer
Joshua Rowley CPA
Phone
8015056406
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 14

“Description: depreciation. Amount: 6,333. Description: other expenses. Amount: 2,206. Total to form 990-ez, line 14: 8,539.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank charges. Amount: 35. Description: program expense. Amount: 3,723. Description: conferences. Amount: 3,682. Total to form 990-ez, line 16: 7,440.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: other depreciable assets. Beg. Of year amount: 42,500. End of year amount: 0.”

Raw XML Appendix150 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HEBER CITY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1IAN LACY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt042500
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt07440
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO TEACH, EDUCATE, AND PROVIDE UNIQUE ACCESS TO THE SPORT OF RACING FOR YOUTH AND YOUNG ADULTS.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt01000
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SaleOfAssetsGrossAmt062500
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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalRevenueAmt029963
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt076847
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0IAN LACY RACING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0IAN LACY IS A DIRECTOR OF BOTH ORGANIZATIONS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt04413
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BANK CHARGES. AMOUNT: 35. DESCRIPTION: PROGRAM EXPENSE. AMOUNT: 3,723. DESCRIPTION: CONFERENCES. AMOUNT: 3,682. TOTAL TO FORM 990-EZ, LINE 16: 7,440.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 42,500. END OF YEAR AMOUNT: 0.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-07
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ReturnHeader/Filer/EIN0853368401
ReturnHeader/Filer/PhoneNum08014926092
ReturnHeader/Filer/USAddress/AddressLine1Txt02654 E WATER WHEEL CT
ReturnHeader/Filer/USAddress/CityNm0HEBER CITY
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEHI
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0840435496
ReturnHeader/PreparerPersonGrp/PhoneNum08015056406
ReturnHeader/PreparerPersonGrp/PreparationDt02023-08-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSHUA ROWLEY CPA
ReturnHeader/ReturnTs02023-10-11T16:58:40-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WESTON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WATKINS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53,418
Liabilities
$0
Net assets
$53,418
Revenue
$29,963
Expenses
$19,949
Net income
$10,014
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.06$0.19$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.10$0.50$0.40
2022Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$0.30$0.20$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$1.89$1.85$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.77$0.38$0.39