Remount Foundation FY2021 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)Health CareEIN 81-1179064Revenue $161K in FY2021

On file with the IRSremountfoundation.org6035 Erin Park Dr Ste 201, 80918-3427 · Colorado Spgs, COTax-exempt since Jun 2016Publicly supported charity — 170(b)(1)(A)(vi)

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The primary functions are to (1) design and build a state-of-the-art indoor arena facility at the united states air force academy located in colorado springs, colorado, and (2) establish a privately funded, ongoing warrior wellness program to assist military warriors (air force, army, navy, marines and coast guard) coping with ptsd and tramatic brain injury, physical injuries, and other therapy needs.

501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
$123K 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 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average deficit $6K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$123K
to officers and key staff · 47% of spending
Concern: pay to officers and key staff is 47% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$45K
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 4 voting members
Looks good: 5 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$161K
-29% vs prior year
Spent
$264K
To programs
49%
Net assets
$34K
By yearFY2020–FY2025
Revenue
$161K
FY2021▼ -29%
Tap a bar for its year
Revenue by fiscal year
FY2020$229K
FY2021$161K
FY2022$220K
FY2023$213K
FY2024$167K
FY2025$183K
Expenses
$264K
FY2021▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$216K
FY2021$264K
FY2022$165K
FY2023$179K
FY2024$253K
FY2025$136K
Net assets
$34K
FY2021▼ -75%
Tap a bar for its year
Net assets by fiscal year
FY2020$136K
FY2021$34K
FY2022$89K
FY2023$123K
FY2024$37K
FY2025$84K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2016.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $128K Management & general 44% · $117K Fundraising 7% · $19K

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

5 people listed on the 990; $123K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$77,885Pt VII · Sec A
$45,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Jeanne Springer’s $43K as Founder is at the 29th percentile of top reported officer pay among 1980 $100K–1M health care 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

NameFY2023FY2022FY2021FY2020
David Andrews—$6,072$77,885—
David R Andrews———$75,000
Jeanne Springer$42,778$43,333$45,000—

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 15aYes

Programs and updates

Builds an Air Force Academy arena and funds warrior wellness programs for injured military personnel.

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2 programs · $128K · in their own filed words · FY2021
01

Exempt Purpose Achievements

(1) Education of volunteers to provide Equine Therapy to assist military warriors coping with PTSD and traumatic brain injury, physical injuries, and other therapy needs. (2) Equine Therapy has now served more than 9,000 military warriors and others in need.

$128Kprogram expense
02

Educational opportunities provided to military warriors.

Pt IX · col B

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$2K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$161K
Ln 12
Gifts and grantsLn 1h$115K
Other incomeLn 4–11$46K
Investment incomeLn 3$475
Money outPt IX
$264K
Ln 25
Programscol B$128K
Managementcol C$117K
Fundraisingcol D$19K
Owns and owesPt X
$34K
net assets · Ln 32
Cash and savingsLn 1–2$55K
Total assetsLn 16$79K
LiabilitiesLn 26$45K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$115K
Government grantsLn 1e$21K
Investment incomeLn 3$475
Other incomeLn 4–11$46K
Gains on assetsLn 7$0
Total revenueLn 12$161K
Assets in detailPt X, end of year
CashLn 1$55K
SavingsLn 2$0
Cash and savings togetherLn 1–2$55K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$0
Total assetsLn 16$79K
LiabilitiesLn 26$45K
Net assetsLn 32$34K
OperationsPt I, VI
EmployeesI 54
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$120K$55K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$175K$79K
LiabilitiesLn 26$39K$45K
Net assetsLn 32$136K$34K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$78K$78K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$45K$45K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$9K$9K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$6K$4K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$137$137
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$421$421
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$104K$83K$11K$11K
All other expensesLn 24e$5K$200$3K$1K
Total functional expensesLn 25$264K$128K$117K$19K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $183K$136K$47K$84K 990 PDF
FY2024 $167K$253K−$86K$37K 990 PDF
FY2023 $213K$179K$34K$123K 990 PDF
FY2022 $220K$165K$55K$89K 990 PDF
FY2021 Viewing $161K$264K−$102K$34K 990 PDF
FY2020 $229K$216K$13K$136K 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 FY2021 990 (6 parts)
Part I · Summary $161,439 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $204,723$114,850
I-9 Program service revenue$0
I-10 Investment incomePrior year $186$475
I-11 Other revenuePrior year $24,039$46,114
I-12 Total revenuePrior year $228,948$161,439
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $116,035$132,286
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $99,477$131,611
I-18 Total expensesPrior year $215,512$263,897
I-19 Revenue less expensesPrior year $13,436−$102,458
Part VI · Governance 5 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $161,439 across 9 lines filed
VIII-1e Government grants$20,729
VIII-1f All other contributions, gifts and grants$94,121
VIII-1h Total contributions, gifts and grants$114,850
VIII-3 Investment incomeRelated to mission $475$475
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$46,114
VIII-12 Total revenueRelated to mission $475$161,439
Part IX · Statement of functional expenses $263,897 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $77,885$77,885
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $45,000$45,000
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $9,401$9,401
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $7,511$7,511
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $1,584$1,584
IX-12 Advertising and promotionFundraising $4,868$4,868
IX-13 Office expensesManagement $4,305 · Fundraising $1,379$5,684
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $137$137
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationFundraising $421$421
IX-23 InsuranceManagement $2,249$2,249
IX-24 Other expenses (24a–d)Programs $83,058 · Management $10,527 · Fundraising $10,886$104,471
IX-24e All other expensesPrograms $200 · Management $3,399 · Fundraising $1,087$4,686
IX-25 Total functional expensesPrograms $128,258 · Management $116,998 · Fundraising $18,641$263,897
Part X · Balance sheet $78,556 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $120,376$55,492
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$2,390
X-8 Inventories for sale or useStart of year $6,508$6,151
X-9 Prepaid expenses and deferred chargesStart of year $48,163$12,000
X-10c Land, buildings and equipment, net$2,523
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $175,047$78,556
X-17 Accounts payable and accrued expenses$1,999
X-25 Other liabilitiesStart of year $38,707$42,675
X-26 Total liabilitiesStart of year $38,707$44,674
X-32 Total net assets or fund balancesStart of year $136,340$33,882
X-33 Total liabilities and net assetsStart of year $175,047$78,556
Part XI · Reconciliation of net assets $33,882 net assets at year end
XI-1 Total revenue$161,439
XI-2 Total expenses$263,897
XI-3 Revenue less expenses−$102,458
XI-4 Net assets at start of year$136,340
XI-10 Net assets at end of year$33,882

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

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