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Altitude Realtors

Not tax-deductible

Dillon, CO501(c)(6)Community DevelopmentEIN 84-0888367Revenue $1.7M in FY2024

On file with the IRSsummitrealtors.com352 Lake Dillon Drive, 80435-0000 · Dillon, COTax-exempt since Mar 2009

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To improve the business condition in the real estate profession in summit county, colorado through educational programs and enforcement of professional, ethical standards codified by the national association of Realtors.

64¢ of each $1 spent went to programs.
$188K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $83K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$188K
to officers and key staff · 14% of spending
Top officer’s pay higher than 62% of similar orgs
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$495K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+71% vs prior year
Spent
$1.3M
To programs
64%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$1.7M
FY2024▲ +71%
Tap a bar for its year
Revenue by fiscal year
FY2020$770K
FY2021$1.1M
FY2022$709K
FY2023$1.0M
FY2024$1.7M
Expenses
$1.3M
FY2024▲ +39%
Tap a bar for its year
Expenses by fiscal year
FY2020$621K
FY2021$886K
FY2022$1.1M
FY2023$970K
FY2024$1.3M
Net assets
$2.1M
FY2024▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$1.9M
FY2022$1.6M
FY2023$1.7M
FY2024$2.1M

From the FY2024 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 Mar 2009.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $861K Management & general 36% · $485K

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

13 people listed on the 990; $188K paid to officers and key staff.

Part VII, Section A · reportable compensation
Sarah Thorsteinson
Assoc Execut
$187,542Pt VII · Sec A
$0Pt VII · Sec A
Niffy Bube
Past Preside
$0Pt VII · Sec A
Kelly Conway
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Derek Hodson
Director
$0Pt VII · Sec A
Jim Howser
Presdient
$0Pt VII · Sec A
$0Pt VII · Sec A

Sarah Thorsteinson’s $188K as Assoc Execut is at the 62nd percentile of top reported officer pay among 2832 $1–10M community development 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 · 1 named individual · Part VII

NameFY2024FY2023
Sarah Thorsteinson$187,542$166,160

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

Improves real estate business through education and ethical standards enforcement.

Questions for Altitude Realtors

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Altitude association of realtors' (ar) educational mission encompasses sponsorship of classroom instruction, which may be used to satisfy continuing education requirements for realtor licensing in colorado, as well as accredtation for specialization within the real estate profession.

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 · this organization's grantmaking
Grants paid · 1 grant · $5K · 2023–2023
Unitemized GrantFY2023$5,400

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.0M
Other incomeLn 4–11$653K
Investment incomeLn 3$31K
Money outPt IX
$1.3M
Ln 25
Programscol B$861K
Managementcol C$485K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$813K
Total assetsLn 16$2.6M
LiabilitiesLn 26$495K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$10K
Investment incomeLn 3$31K
Other incomeLn 4–11$653K
Gains on assetsLn 7$10K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$352K
SavingsLn 2$461K
Cash and savings togetherLn 1–2$813K
InvestmentsLn 11–13$770K
Land, buildings, equipmentLn 10c$937K
Other assetsLn 15$3K
Total assetsLn 16$2.6M
LiabilitiesLn 26$495K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$765K$813K
InvestmentsLn 11–13$489K$770K
Land, buildings, equipmentLn 10c$708K$937K
Total assetsLn 16$2.0M$2.6M
LiabilitiesLn 26$358K$495K
Net assetsLn 32$1.7M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Pay of current officers, directors and key staffLn 5$188K$94K$94K
Other salaries and wagesLn 7$434K$217K$217K
Pension plan contributionsLn 8$12K$12K
Other employee benefitsLn 9$35K$18K$18K
Payroll taxesLn 10$48K$24K$24K
Legal feesLn 11b$6K$3K$3K
Accounting feesLn 11c$99K$89K$10K
Investment management feesLn 11f$7K$4K$4K
Other fees for servicesLn 11g$26K$26K
Advertising and promotionLn 12$20K$10K$10K
Office expensesLn 13$37K$19K$19K
Information technologyLn 14$88K$44K$44K
OccupancyLn 16$66K$39K$27K
TravelLn 17$84K$84K
Conferences, conventions and meetingsLn 19$10K$10K
Depreciation, depletion and amortizationLn 22$78K$78K
InsuranceLn 23$8K$4K$4K
Other expenses (24a–d)Ln 24$90K$78K$12K
Total functional expensesLn 25$1.3M$861K$485K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.7M$1.3M$374K$2.1M 990 PDF
FY2023 $1.0M$970K$36K$1.7M 990 PDF
FY2022 $709K$1.1M−$349K$1.6M 990 PDF
FY2021 $1.1M$886K$205K$1.9M 990 PDF
FY2020 $770K$621K$149K$1.8M 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 $1,719,345 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $365,081$1,035,043
I-9 Program service revenue$0
I-10 Investment incomePrior year $165,878$31,274
I-11 Other revenuePrior year $474,487$653,028
I-12 Total revenuePrior year $1,005,446$1,719,345
I-13 Grants and similar amounts paidPrior year $5,400$9,564
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $547,174$717,746
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $417,315$618,011
I-18 Total expensesPrior year $969,889$1,345,321
I-19 Revenue less expensesPrior year $35,557$374,024
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,719,345 across 8 lines filed
VIII-1b Membership dues$427,915
VIII-1e Government grants$10,166
VIII-1f All other contributions, gifts and grants$596,962
VIII-1h Total contributions, gifts and grants$1,035,043
VIII-3 Investment incomeExcluded from tax $21,233$21,233
VIII-7 Net gain or loss on sales of assetsRelated to mission $10,041$10,041
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $653,028$653,028
VIII-12 Total revenueRelated to mission $10,041 · Excluded from tax $674,261$1,719,345
Part IX · Statement of functional expenses $1,345,321 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $9,564$9,564
IX-5 Pay of current officers, directors and key staffPrograms $93,771 · Management $93,771$187,542
IX-7 Other salaries and wagesPrograms $217,167 · Management $217,167$434,334
IX-8 Pension plan contributionsPrograms $12,350$12,350
IX-9 Other employee benefitsPrograms $17,558 · Management $17,558$35,116
IX-10 Payroll taxesPrograms $24,202 · Management $24,202$48,404
IX-11b Legal feesPrograms $2,841 · Management $2,841$5,682
IX-11c Accounting feesPrograms $88,787 · Management $9,865$98,652
IX-11f Investment management feesPrograms $3,548 · Management $3,549$7,097
IX-11g Other fees for servicesPrograms $26,119$26,119
IX-12 Advertising and promotionPrograms $9,932 · Management $9,932$19,864
IX-13 Office expensesPrograms $18,628 · Management $18,630$37,258
IX-14 Information technologyPrograms $44,072 · Management $44,072$88,144
IX-16 OccupancyPrograms $38,682 · Management $27,259$65,941
IX-17 TravelPrograms $83,570$83,570
IX-19 Conferences, conventions and meetingsPrograms $10,086$10,086
IX-22 Depreciation, depletion and amortizationPrograms $77,635$77,635
IX-23 InsurancePrograms $3,805 · Management $3,805$7,610
IX-24 Other expenses (24a–d)Programs $78,266 · Management $12,087$90,353
IX-25 Total functional expensesPrograms $860,583 · Management $484,738 · Fundraising $0$1,345,321
Part X · Balance sheet $2,579,298 assets, 14 lines filed
Asset lines not itemized here account for $19,908; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $269,835$351,996
X-2 Savings and temporary cash investmentsStart of year $495,090$460,551
X-4 Accounts receivableStart of year $18,284$22,410
X-9 Prepaid expenses and deferred chargesStart of year $6,649$14,800
X-10c Land, buildings and equipment, netStart of year $708,350$936,940
X-11 Publicly traded securitiesStart of year $488,992$769,504
X-15 Other assetsStart of year $3,189$3,189
X-16 Total assetsStart of year $2,024,620$2,579,298
X-17 Accounts payable and accrued expensesStart of year $67,275$77,887
X-19 Deferred revenueStart of year $290,415$416,880
X-26 Total liabilitiesStart of year $357,690$494,767
X-27 Net assets without donor restrictionsStart of year $1,666,930$2,084,531
X-32 Total net assets or fund balancesStart of year $1,666,930$2,084,531
X-33 Total liabilities and net assetsStart of year $2,024,620$2,579,298
Part XI · Reconciliation of net assets $2,084,531 net assets at year end
XI-1 Total revenue$1,719,345
XI-2 Total expenses$1,345,321
XI-3 Revenue less expenses$374,024
XI-4 Net assets at start of year$1,666,930
XI-5 Net unrealized gains (losses) on investments$43,577
XI-10 Net assets at end of year$2,084,531

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

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