Remount Foundation FY2023 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)Health CareEIN 81-1179064

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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.
81¢ of each $1 spent went to programs.
$43K 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

FY2023 · 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$43K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.3 months of spending in cash; 3 or more.
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
$39K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 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
$213K
-3% vs prior year
Spent
$179K
To programs
81%
Net assets
$123K
By yearFY2020–FY2025
Revenue
$213K
FY2023▼ -3%
Revenue by fiscal year
FY2020$229K
FY2021$161K
FY2022$220K
FY2023$213K
FY2024$167K
FY2025$183K
Expenses
$179K
FY2023▲ +8%
Expenses by fiscal year
FY2020$216K
FY2021$264K
FY2022$165K
FY2023$179K
FY2024$253K
FY2025$136K
Net assets
$123K
FY2023▲ +38%
Net assets by fiscal year
FY2020$136K
FY2021$34K
FY2022$89K
FY2023$123K
FY2024$37K
FY2025$84K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

81 cents of each dollar spent went to programs.

Program services 81% · $145K Management & general 9% · $15K Fundraising 10% · $18K

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

4 people listed on the 990; $43K paid to officers and key staff.

Part VII, Section A · reportable compensation
$42,778Pt VII · Sec A
$0Pt VII · Sec A
General Member
$0Pt VII · Sec A
$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.

See Remount Foundation 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

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

Provided by the organization

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2 programs · $145K · in their own filed words · FY2023
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.

$145Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$213K
Ln 12
Gifts and grantsLn 1h$230K
Investment incomeLn 3$457
Money outPt IX
$179K
Ln 25
Programscol B$145K
Managementcol C$15K
Fundraisingcol D$18K
Owns and owesPt X
$123K
net assets · Ln 32
Cash and savingsLn 1–2$154K
Total assetsLn 16$161K
LiabilitiesLn 26$39K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$230K
Government grantsLn 1e$48K
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$6K
Investment incomeLn 3$457
Gains on assetsLn 7$0
Total revenueLn 12$213K
Assets in detailPt X, end of year
CashLn 1$86K
SavingsLn 2$68K
Cash and savings togetherLn 1–2$154K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$161K
LiabilitiesLn 26$39K
Net assetsLn 32$123K
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 FY23End FY23
Cash and savingsLn 1–2$118K$154K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$127K$161K
LiabilitiesLn 26$38K$39K
Net assetsLn 32$89K$123K
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$43K$43K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$4K$4K
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$1K$1K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$385$385
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
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$0
InsuranceLn 23$481$481
Other expenses (24a–d)Ln 24$118K$98K$2K$17K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$179K$145K$15K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $183K$136K$47K$84K 990 PDF
FY2024 $167K$253K−$86K$37K 990 PDF
FY2023 Viewing $213K$179K$34K$123K 990 PDF
FY2022 $220K$165K$55K$89K 990 PDF
FY2021 $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 FY2023 990 (5 parts)
Part I · Summary $212,567 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $194,998$229,505
I-9 Program service revenue$0
I-10 Investment incomePrior year $656$457
I-11 Other revenuePrior year $24,602−$17,395
I-12 Total revenuePrior year $220,256$212,567
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $53,185$46,538
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $111,983$132,117
I-18 Total expensesPrior year $165,168$178,655
I-19 Revenue less expensesPrior year $55,088$33,912
Part VIII · Statement of revenue $212,567 across 11 lines filed
VIII-1c Fundraising events$6,414
VIII-1e Government grants$47,638
VIII-1f All other contributions, gifts and grants$175,453
VIII-1g Noncash contributions (included above)$2,241
VIII-1h Total contributions, gifts and grants$229,505
VIII-3 Investment incomeRelated to mission $457$457
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−$17,395
VIII-12 Total revenueRelated to mission $457$212,567
Part IX · Statement of functional expenses $178,655 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 staffPrograms $42,778$42,778
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $3,760$3,760
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $7,755$7,755
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $1,340$1,340
IX-12 Advertising and promotionFundraising $1,083$1,083
IX-13 Office expensesManagement $385$385
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
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 amortization$0
IX-23 InsurancePrograms $481$481
IX-24 Other expenses (24a–d)Programs $98,331 · Management $2,280 · Fundraising $16,944$117,555
IX-24e All other expensesManagement $3,518$3,518
IX-25 Total functional expensesPrograms $145,350 · Management $15,278 · Fundraising $18,027$178,655
Part X · Balance sheet $161,469 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $118,394$85,736
X-2 Savings and temporary cash investments$68,255
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $488$0
X-8 Inventories for sale or useStart of year $7,478$7,478
X-9 Prepaid expenses and deferred chargesStart of year $1,000$0
X-10c Land, buildings and equipment, net$0
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 $127,360$161,469
X-17 Accounts payable and accrued expensesStart of year $1,175$3,336
X-25 Other liabilitiesStart of year $37,215$35,400
X-26 Total liabilitiesStart of year $38,390$38,736
X-32 Total net assets or fund balancesStart of year $88,970$122,733
X-33 Total liabilities and net assetsStart of year $127,360$161,469
Part XI · Reconciliation of net assets $122,733 net assets at year end
XI-1 Total revenue$212,567
XI-2 Total expenses$178,655
XI-3 Revenue less expenses$33,912
XI-4 Net assets at start of year$88,970
XI-8 Prior period adjustments−$149
XI-10 Net assets at end of year$122,733

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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