Independence Pass Foundation FY2023 filing

Tax-deductible

Aspen, CO501(c)(3)Since 1989UnclassifiedEIN 84-1133782Revenue $346K in FY2023

On file with the IRSindependencepass.orgPo Box 1700, 81612-1700 · Aspen, COTax-exempt since Feb 1995Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Independence Pass Foundation is to restore and protect the ecological, historical, and aesthetic integrity of the Independence Pass corridor and to encourage stewardship, safety and appreciation of the Pass.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$120K 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
6 of 6
filings with a surplus
Average surplus $96K a year · 26% 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 49% of spending
Concern: pay to officers and key staff is 49% of spending; over 30%.
Pt VII · Sec A
Cash reserves
43 mo
of spending, in cash
Looks good: 42.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $450
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$346K
+9% vs prior year
Spent
$244K
To programs
80%
Net assets
$912K
By yearFY2020–FY2025
Revenue
$346K
FY2023▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$358K
FY2021$321K
FY2022$318K
FY2023$346K
FY2024$394K
FY2025$499K
Expenses
$244K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$306K
FY2021$253K
FY2022$237K
FY2023$244K
FY2024$303K
FY2025$314K
Net assets
$912K
FY2023▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$665K
FY2021$730K
FY2022$803K
FY2023$912K
FY2024$1.0M
FY2025$1.2M

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 Feb 1995.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $195K Management & general 11% · $27K Fundraising 9% · $23K

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

14 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$119,602Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Karin Teague$128,451$126,393$119,602$111,570$108,006$103,700
Emily Maynard———$7,575——

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

Organizes volunteers to restore and preserve the ecology of Independence Pass.

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Provided by the organization

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1 program · $195K · in their own filed words · FY2023
01

As a volunteer and partner-driven non-profit, staff spends a great deal of time organizing, training, and working with volunteers, including schools, youth groups, recovery centers, inmates, community members, and other non-profit and government agency personnel and volunteers.

$195Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$450
Grants paid · 1 grant · $10K · 2021–2021
United States Forest ServiceFY2021$10,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$346K
Ln 12
Gifts and grantsLn 1h$313K
Fees for servicesLn 2g$17K
Investment incomeLn 3$16K
Money outPt IX
$244K
Ln 25
Programscol B$195K
Managementcol C$27K
Fundraisingcol D$23K
Owns and owesPt X
$912K
net assets · Ln 32
Cash and savingsLn 1–2$868K
Total assetsLn 16$912K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$313K
Government grantsLn 1e$34K
Fees for servicesLn 2g$17K
Investment incomeLn 3$16K
Total revenueLn 12$346K
Assets in detailPt X, end of year
CashLn 1$95K
SavingsLn 2$773K
Cash and savings togetherLn 1–2$868K
Land, buildings, equipmentLn 10c$43K
Total assetsLn 16$912K
LiabilitiesLn 26$0
Net assetsLn 32$912K
OperationsPt I, VI
EmployeesI 52
VolunteersI 6160
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 FY23End FY23
Cash and savingsLn 1–2$793K$868K
Land, buildings, equipmentLn 10c$10K$43K
Total assetsLn 16$803K$912K
LiabilitiesLn 26$0$0
Net assetsLn 32$803K$912K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$128K$98K$12K$18K
Pension plan contributionsLn 8$4K$3K$359$538
Payroll taxesLn 10$10K$8K$1K$2K
Accounting feesLn 11c$10K$10K
Advertising and promotionLn 12$16K$16K$90
Office expensesLn 13$5K$3K$2K$51
Information technologyLn 14$2K$2K
OccupancyLn 16$4K$4K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$25K$25K$237
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$6K$4K$2K$398
Other expenses (24a–d)Ln 24$18K$18K
Total functional expensesLn 25$244K$195K$27K$23K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $499K$314K$185K$1.2M 990 PDF
FY2024 $394K$303K$91K$1.0M 990 PDF
FY2023 Viewing $346K$244K$102K$912K 990 PDF
FY2022 $318K$237K$80K$803K 990 PDF
FY2021 $321K$253K$68K$730K 990 PDF
FY2020 $358K$306K$52K$665K 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 (6 parts)
Part I · Summary $345,874 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $302,360$313,371
I-9 Program service revenuePrior year $11,403$16,767
I-10 Investment incomePrior year $3,770$15,736
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $317,533$345,874
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $131,859$141,714
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $105,585$102,657
I-18 Total expensesPrior year $237,444$244,371
I-19 Revenue less expensesPrior year $80,089$101,503
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $345,874 across 6 lines filed
VIII-1e Government grants$34,400
VIII-1f All other contributions, gifts and grants$278,971
VIII-1h Total contributions, gifts and grants$313,371
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,767$16,767
VIII-3 Investment incomeExcluded from tax $15,736$15,736
VIII-12 Total revenueRelated to mission $16,767 · Unrelated business $0 · Excluded from tax $15,736$345,874
Part IX · Statement of functional expenses $244,371 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $97,922 · Management $11,960 · Fundraising $17,940$127,822
IX-8 Pension plan contributionsPrograms $2,691 · Management $359 · Fundraising $538$3,588
IX-10 Payroll taxesPrograms $7,728 · Management $1,030 · Fundraising $1,546$10,304
IX-11c Accounting feesManagement $10,302$10,302
IX-12 Advertising and promotionPrograms $16,277 · Fundraising $90$16,367
IX-13 Office expensesPrograms $2,995 · Management $1,784 · Fundraising $51$4,830
IX-14 Information technologyFundraising $2,024$2,024
IX-16 OccupancyPrograms $4,165$4,165
IX-17 TravelPrograms $3,415$3,415
IX-19 Conferences, conventions and meetingsPrograms $24,869 · Fundraising $237$25,106
IX-22 Depreciation, depletion and amortizationPrograms $12,174$12,174
IX-23 InsurancePrograms $4,012 · Management $1,500 · Fundraising $398$5,910
IX-24 Other expenses (24a–d)Programs $18,364$18,364
IX-25 Total functional expensesPrograms $194,612 · Management $26,935 · Fundraising $22,824$244,371
Part X · Balance sheet $911,911 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $153,528$94,803
X-2 Savings and temporary cash investmentsStart of year $639,500$773,238
X-9 Prepaid expenses and deferred charges$425
X-10c Land, buildings and equipment, netStart of year $9,690$43,445
X-16 Total assetsStart of year $802,718$911,911
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $802,718$911,911
X-32 Total net assets or fund balancesStart of year $802,718$911,911
X-33 Total liabilities and net assetsStart of year $802,718$911,911
Part XI · Reconciliation of net assets $911,911 net assets at year end
XI-1 Total revenue$345,874
XI-2 Total expenses$244,371
XI-3 Revenue less expenses$101,503
XI-4 Net assets at start of year$802,718
XI-5 Net unrealized gains (losses) on investments$7,690
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$911,911

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

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