Durango Devo INC EIN 64-0959974 Form 990 (PDF) Claim this org

Durango Devo INC FY2022 filing

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Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Develops individuals into lifelong cyclists through traditional team settings. For fiscal year 2022 it reported $592K in revenue, $608K in expenses, and $296K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Durango, CO
Website
durangodevo.com
Filings
5 on file (2020–2022)
Revenue
$592KFY2022
Expenses
$608K
Net assets
$296K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  64-0959974 Public charity (501(c)(3)) Durango, CO
Form 990 (PDF)
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Size
$100K–1M
What they do
Develops individuals into lifelong cyclists through traditional team settings.
Leadership
Levi N Kurlander · Executive Director · $63K
Money in and out
$592K revenue, $608K expenses
Bottom line
73% program efficiency
Where the money goes · FY2022
Total revenue
$592K
Pt VIII · Ln 12
Total expenses
$608K
Pt IX · Ln 25
Net assets
$296K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$16K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.18 Fundraising $0.09
Program efficiency
73%
of spending reaches programs
Operating runway
6.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$592K
FY2022▲ +15%
Expenses
$608K
FY2022▲ +25%
Total assets
$353K
FY2022▲ +11%
Total liabilities
$57K
FY2022▲ ×10
Revenue less expensesPt I · Ln 19−$16K
Total assetsPt X · Ln 16$353K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDurango Devo INC
EINHdr · item D64-0959974
Principal addressHdr · item CDurango, CO
WebsiteHdr · item Jdurangodevo.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N50)
Ruling yearIRS BMFJan 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$62,530Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Levi N Kurlander’s $85K as Executive Director is at the 87th percentile of top reported officer pay among 1017 $100K–1M recreation & sports 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Levi N Kurlander$85,098$76,505$62,530$59,500
Levi Kurlander$44,722
Nathaniel F Greason$2,869

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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Mission & Programs · Part III

Where the work happens

1 program service account for $443K of program spending, described in the organization's own filed words · FY2022.
01

The mission of durango devo is to develop each individual, in a traditional team setting, into life-long CYCLISTS.DEVOS programs are arranged in an age based building block style to increase interest in mountain biking and promote each athlete in a positive, social ENVIRONMENT.DEVO JR.

$443Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$330K · 56%
Contributions & grants$190K · 32%
Other revenue$72K · 12%
Program service revenue56%$330K
Contributions & grants32%$190K
Other revenue12%$72K
Investment income$252
Total revenueLn 12$592K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.18 Fundraising $0.09
Program services73%$443K
Management & general18%$111K
Fundraising9%$53K
Total functional expensesLn 25$608K

Balance Sheet

Part X · end of year
CashLn 1$311K
Total assetsLn 16$353K
Total liabilitiesLn 26$57K
Total net assetsLn 32$296K
Months of cash on handcomputed6.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $311K · Operating expenses/yr $608K
6.2 months
Where the money goes
Program services
Program services $443K · Total expenses $608K
73%
Management & General
Management & general $111K · Total expenses $608K
18%
Fundraising
Fundraising $53K · Total expenses $608K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $36K · Solicited contributions (3-yr avg) $162K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $190K · Total revenue $592K
32%
Government reliance
Government grants — · Total revenue $592K
Earned-income share
Program service revenue $330K · Total revenue $592K
56%
Investment reliance
Investment income $252 · Total revenue $592K
+0.04%
Program self-sufficiency
Program service revenue $330K · Total expenses $608K
54%
Growth & trend
Revenue growth (YoY)
This year $592K · Prior year $515K
+15%
Net-asset trend (YoY)
End of year $296K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $592K · Expenses $608K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $353K
Net-asset ratio
Net assets $296K · Total assets $353K
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $353K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Levi N Kurlander · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $63K · Total expenses $608K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $443K · Total expenses $608K
73%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 18%
Fundraising cost ratio 28%
Revenue growth 15%
Accounting fee ratio 0.3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 2 grants · $33K · 2024–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$727K revenue · ⤓ 990 PDF
FY2023$871K revenue · ⤓ 990 PDF
FY2022$592K revenue · viewing · ⤓ 990 PDF
FY2021$515K revenue · ⤓ 990 PDF
FY2020$510K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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