Crested Butte Development Team

Tax-deductible

Crested Butte, CO501(c)(3)Youth DevelopmentEIN 47-2510914Revenue $318K in FY2024

On file with the IRScrestedbuttedevo.comPo Box 1501, 81224-1501 · Crested Butte, COTax-exempt since Mar 2015Publicly supported — 509(a)(2)

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To provide a fun and safe environment for young cyclists to develop skills and passion that last a lifetime.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 50 volunteers and 34 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $7K a year · 2% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 20% of spending
Top officer’s pay lower than 75% of similar orgs
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$318K
-3% vs prior year
Spent
$304K
To programs
90%
Net assets
$73K
By yearFY2020–FY2024
Revenue
$318K
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$180K
FY2021$212K
FY2022$276K
FY2023$328K
FY2024$318K
Expenses
$304K
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$226K
FY2022$259K
FY2023$317K
FY2024$304K
Net assets
$73K
FY2024▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$40K
FY2021$29K
FY2022$46K
FY2023$60K
FY2024$73K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $274K Management & general 7% · $22K Fundraising 3% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec.directo
$34,000Pt VII · Sec A
Director of
$26,200Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Exec. Direct
$0Pt VII · Sec A

Amy Nolan’s $34K as Exec.directo is at the 25th percentile of top reported officer pay among 1992 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Amy Nolan$34,000$34,000$26,298$22,000$20,000
Adam Olmstead$26,200$22,429$20,559$15,346—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches kids cycling skills and passion in a fun, safe environment.

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Provided by the organization

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1 program · $274K · in their own filed words · FY2024
01

The crested butte development team, inc. Is a nonprofit corporation organized for educational purposes and designed to promote amateur sports competition. Its purpose is educational and fosters national amateur sports.

$274Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$318K
Ln 12
Fees for servicesLn 2g$202K
Gifts and grantsLn 1h$123K
Investment incomeLn 3$235
Money outPt IX
$304K
Ln 25
Programscol B$274K
Managementcol C$22K
Fundraisingcol D$8K
Owns and owesPt X
$73K
net assets · Ln 32
Cash and savingsLn 1–2$49K
Total assetsLn 16$83K
LiabilitiesLn 26$10K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$123K
Government grantsLn 1e$35K
Noncash giftsLn 1g$2K
Fees for servicesLn 2g$202K
Investment incomeLn 3$235
Total revenueLn 12$318K
Assets in detailPt X, end of year
CashLn 1$49K
SavingsLn 2$200
Cash and savings togetherLn 1–2$49K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$83K
LiabilitiesLn 26$10K
Net assetsLn 32$73K
OperationsPt I, VI
EmployeesI 534
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$32K$49K
Land, buildings, equipmentLn 10c$6K$4K
Total assetsLn 16$66K$83K
LiabilitiesLn 26$6K$10K
Net assetsLn 32$60K$73K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$52K$8K
Other salaries and wagesLn 7$123K$123K
Payroll taxesLn 10$14K$14K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$16K$16K
Information technologyLn 14$4K$4K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$17K$16K$650
Other expenses (24a–d)Ln 24$49K$49K
Total functional expensesLn 25$304K$274K$22K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $318K$304K$13K$73K 990 PDF
FY2023 $328K$317K$10K$60K 990 PDF
FY2022 $276K$259K$17K$46K 990 PDF
FY2021 $212K$226K−$14K$29K 990 PDF
FY2020 $180K$40K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $317,523 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $84,969$122,715
I-9 Program service revenuePrior year $245,873$201,505
I-10 Investment incomePrior year $233$235
I-11 Other revenuePrior year −$3,433−$6,932
I-12 Total revenuePrior year $327,642$317,523
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $182,459$196,609
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $134,831$107,633
I-18 Total expensesPrior year $317,290$304,242
I-19 Revenue less expensesPrior year $10,352$13,281
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $317,523 across 8 lines filed
Lines not itemized here account for −$9,432 of total revenue; see the IRS return.
VIII-1e Government grants$35,116
VIII-1f All other contributions, gifts and grants$87,599
VIII-1g Noncash contributions (included above)$1,790
VIII-1h Total contributions, gifts and grants$122,715
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $201,505$201,505
VIII-3 Investment incomeExcluded from tax $235$235
VIII-6 Net rental income or lossExcluded from tax $2,500$2,500
VIII-12 Total revenueRelated to mission $192,073 · Excluded from tax $2,735$317,523
Part IX · Statement of functional expenses $304,242 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $51,700 · Fundraising $8,500$60,200
IX-7 Other salaries and wagesPrograms $122,762$122,762
IX-10 Payroll taxesPrograms $13,647$13,647
IX-11c Accounting feesManagement $5,350$5,350
IX-12 Advertising and promotionPrograms $14,101$14,101
IX-13 Office expensesManagement $15,867$15,867
IX-14 Information technologyPrograms $3,581$3,581
IX-22 Depreciation, depletion and amortizationPrograms $2,419$2,419
IX-23 InsurancePrograms $16,301 · Management $650$16,951
IX-24 Other expenses (24a–d)Programs $49,364$49,364
IX-25 Total functional expensesPrograms $273,875 · Management $21,867 · Fundraising $8,500$304,242
Part X · Balance sheet $83,050 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $31,720$48,749
X-2 Savings and temporary cash investmentsStart of year $100$200
X-4 Accounts receivableStart of year $3,500$11,524
X-8 Inventories for sale or useStart of year $24,312$15,129
X-9 Prepaid expenses and deferred charges$3,819
X-10c Land, buildings and equipment, netStart of year $6,048$3,629
X-16 Total assetsStart of year $65,680$83,050
X-17 Accounts payable and accrued expensesStart of year $1,113$4,725
X-19 Deferred revenueStart of year $5,000$5,477
X-26 Total liabilitiesStart of year $6,113$10,202
X-32 Total net assets or fund balancesStart of year $59,567$72,848
X-33 Total liabilities and net assetsStart of year $65,680$83,050
Part XI · Reconciliation of net assets $72,848 net assets at year end
XI-1 Total revenue$317,523
XI-2 Total expenses$304,242
XI-3 Revenue less expenses$13,281
XI-4 Net assets at start of year$59,567
XI-10 Net assets at end of year$72,848

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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