First Descents FY2021 filing

Tax-deductible

Denver, CO501(c)(3)Since 2003Recreation & SportsEIN 81-0539964Revenue $4.6M in FY2021

On file with the IRSfirstdescents.org621 Kalamath St Ste 175, 80204-4466 · Denver, COTax-exempt since Jun 2002Publicly supported charity — 170(b)(1)(A)(vi)

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

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
$477K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990-TIndependent: 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-T
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.1M a year · 37% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$477K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
30 mo
of spending, in cash
Looks good: 30.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $33K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.6M
-13% vs prior year
Spent
$2.5M
To programs
65%
Net assets
$7.2M
By yearFY2020–FY2024
Revenue
$4.6M
FY2021▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.4M
FY2021$4.6M
FY2022$4.7M
FY2023$4.7M
FY2024$8.9M
Expenses
$2.5M
FY2021▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$2.5M
FY2022$4.0M
FY2023$4.6M
FY2024$4.5M
Net assets
$7.2M
FY2021▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.6M
FY2021$7.2M
FY2022$8.8M
FY2023$8.0M
FY2024$12.8M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2002.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $1.6M Management & general 10% · $247K Fundraising 25% · $645K

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

19 people listed on the 990-T; $477K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$228,178Pt VII · Sec A
Director of Advancement
$130,706Pt VII · Sec A
Chief Operating Officer
$117,916Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Medical Director
$0Pt VII · Sec A
Board Member at Large
$0Pt VII · Sec A

Patrick O'Donoghue’s $242K as Executive Di is at the 91st percentile of top reported officer pay among 1842 $1–10M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Patrick O'Donoghue$241,579$251,343$248,962$228,178—
Patrick Ryan O'Donoghue————$201,029
Bradford Ludden$185,936————
Raymond Shedd$179,836$176,933$163,095$130,706—
Brad Ludden—$169,358———
Adam Schuster$150,968$149,134$143,595$117,916—
Bradford R Ludden————$137,475
Anna McGrath$115,259————

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.

See First Descents executive salaries →

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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 15aYes

Programs and updates

Offers life-changing outdoor adventures to young adults facing serious health challenges.

Provided by the organization

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1 program · $1.6M · in their own filed words · FY2021
01

During the first descents experience, young adults impacted by cancer and other serious health conditions are empowered through conquering of legitimate outdoor challenges to push their limits and face their fears and by doing so, they regain the confidence lost to health conditions.

$1.6Mprogram 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
See all 6 funders →

By the numbers

The FY2021 990-T, line by line.

1The main four
Money in
$4.6M
Gifts and grants$4.8M
Fees for services$122K
Investment income$4K
Money out
$2.5M
Programs$1.6M
Management$247K
Fundraising$645K
Owns and owes
$7.2M
net assets
Cash and savings$6.4M
Total assets$8.4M
Liabilities$1.3M
People
19
listed
Paid3
Voting board16
Independent15
2In more detail
Revenue in detail
Gifts and grants$4.8M
Government grants$258K
Fees for services$122K
Investment income$4K
Total revenue$4.6M
Assets in detailEnd of year
Cash and savings together$6.4M
Total assets$8.4M
Liabilities$1.3M
Net assets$7.2M
Operations
Employees58
Volunteers90
Fiscal year endsDecember
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $8.9M$4.5M$4.4M$12.8M 990 PDF
FY2023 $4.7M$4.6M$70K$8.0M 990 PDF
FY2022 $4.7M$4.0M$720K$8.8M 990 PDF
FY2021 Viewing $4.6M$2.5M$2.1M$7.2M 990 PDF
FY2020 $5.4M$2.3M$3.1M$5.6M 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

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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