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Mount Massive Lakes INC FY2024 filing

Not tax-deductible

Leadville, CO501(c)(7)Since 1935EIN 84-0272920Revenue $504K in FY2024

On file with the IRSmountmassivelakes.orgPo Box 1981, 80461-1981 · Leadville, COTax-exempt since Jan 1936

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Mount Massive Lakes INC is a private fishing club. We provide fishing on 22 Lakes for the benefit of 150 members and their guests. We purchase or raise from eggs all fishcaught.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $70K a year · 14% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$504K
+10% vs prior year
Spent
$456K
To programs
100%
Net assets
$930K
By yearFY2021–FY2026
Revenue
$504K
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2021$463K
FY2022$427K
FY2023$457K
FY2024$504K
FY2025$490K
FY2026$632K
Expenses
$456K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2021$392K
FY2022$384K
FY2023$423K
FY2024$456K
FY2025$452K
FY2026$448K
Net assets
$930K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2021$806K
FY2022$849K
FY2023$883K
FY2024$930K
FY2025$988K
FY2026$1.2M

From the FY2024 Form 990 (year ending April 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jan 1936.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $456K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Andy Welch
Director
$0Pt VII · Sec A
Colin Perry
Director
$0Pt VII · Sec A
Don Holmgrun
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Joe Angleson
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Jim Tinsley
Vice President
$0Pt VII · Sec A
See Mount Massive Lakes INC 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

Provides fishing on 22 lakes for 150 members and guests, raising all fish caught.

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Provided by the organization

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1 program · $456K · in their own filed words · FY2023
01

All revenue shown in part viii is used to pay the expenses shown in part ix. All the revenue and expenses are used for the mission on line 1 above-to provide fishing for ITS150 members and guests.

$456Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$504K
Ln 12
Fees for servicesLn 2g$482K
Investment incomeLn 3$15K
Other incomeLn 4–11$7K
Money outPt IX
$456K
Ln 25
Programscol B$456K
Owns and owesPt X
$930K
net assets · Ln 32
Cash and savingsLn 1–2$289K
Total assetsLn 16$930K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$482K
Investment incomeLn 3$15K
Other incomeLn 4–11$7K
Total revenueLn 12$504K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$284K
Cash and savings togetherLn 1–2$289K
Land, buildings, equipmentLn 10c$344K
Other assetsLn 15$298K
Total assetsLn 16$930K
LiabilitiesLn 26$0
Net assetsLn 32$930K
OperationsPt I, VI
EmployeesI 55
VolunteersI 635
Fiscal year endsHeaderApril
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$208K$289K
Land, buildings, equipmentLn 10c$378K$344K
Total assetsLn 16$883K$930K
LiabilitiesLn 26$0$0
Net assetsLn 32$883K$930K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$173K$173K
Pension plan contributionsLn 8$10K$10K
Other employee benefitsLn 9$34K$34K
Payroll taxesLn 10$16K$16K
Accounting feesLn 11c$1K$1K
Office expensesLn 13$1K$1K
Depreciation, depletion and amortizationLn 22$34K$34K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$58K$58K
All other expensesLn 24e$113K$113K
Total functional expensesLn 25$456K$456K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $632K$448K$184K$1.2M 990 PDF
FY2025 $490K$452K$38K$988K 990 PDF
FY2024 Viewing $504K$456K$47K$930K 990 PDF
FY2023 $457K$423K$34K$883K 990 PDF
FY2022 $427K$384K$43K$849K 990 PDF
FY2021 $463K$392K$72K$806K 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 $503,678 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $452,875$482,390
I-10 Investment incomePrior year $1,788$14,608
I-11 Other revenuePrior year $1,922$6,680
I-12 Total revenuePrior year $456,585$503,678
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $209,218$232,990
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $213,492$223,426
I-18 Total expensesPrior year $422,710$456,416
I-19 Revenue less expensesPrior year $33,875$47,262
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $503,678 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $482,390$482,390
VIII-3 Investment incomeRelated to mission $14,608$14,608
VIII-6 Net rental income or lossUnrelated business $6,003$6,003
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $677$677
VIII-12 Total revenueRelated to mission $497,675 · Unrelated business $6,003 · Excluded from tax $0$503,678
Part IX · Statement of functional expenses $456,416 across 10 lines filed
IX-7 Other salaries and wagesPrograms $172,989$172,989
IX-8 Pension plan contributionsPrograms $10,000$10,000
IX-9 Other employee benefitsPrograms $34,238$34,238
IX-10 Payroll taxesPrograms $15,763$15,763
IX-11c Accounting feesPrograms $1,338$1,338
IX-13 Office expensesPrograms $1,488$1,488
IX-22 Depreciation, depletion and amortizationPrograms $34,157$34,157
IX-23 InsurancePrograms $15,996$15,996
IX-24 Other expenses (24a–d)Programs $57,580$57,580
IX-24e All other expensesPrograms $112,867$112,867
IX-25 Total functional expensesPrograms $456,416 · Management $0 · Fundraising $0$456,416
Part X · Balance sheet $930,494 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $16,106$4,937
X-2 Savings and temporary cash investmentsStart of year $191,830$284,418
X-10c Land, buildings and equipment, netStart of year $377,796$343,639
X-15 Other assetsStart of year $297,500$297,500
X-16 Total assetsStart of year $883,232$930,494
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $883,232$930,494
X-33 Total liabilities and net assetsStart of year $883,232$930,494
Part XI · Reconciliation of net assets $930,494 net assets at year end
XI-1 Total revenue$503,678
XI-2 Total expenses$456,416
XI-3 Revenue less expenses$47,262
XI-4 Net assets at start of year$883,232
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$930,494

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

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