Independence Pass Foundation FY2024 filing

Tax-deductible

Aspen, CO501(c)(3)Since 1989UnclassifiedEIN 84-1133782Revenue $394K in FY2024

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.
81¢ of each $1 spent went to programs.
$126K 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

FY2024 · 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
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
$126K
to officers and key staff · 42% of spending
Concern: pay to officers and key staff is 42% of spending; over 30%.
Pt VII · Sec A
Cash reserves
39 mo
of spending, in cash
Looks good: 38.8 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
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$394K
+14% vs prior year
Spent
$303K
To programs
81%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$394K
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$358K
FY2021$321K
FY2022$318K
FY2023$346K
FY2024$394K
FY2025$499K
Expenses
$303K
FY2024▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$306K
FY2021$253K
FY2022$237K
FY2023$244K
FY2024$303K
FY2025$314K
Net assets
$1.0M
FY2024▲ +11%
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 FY2024 Form 990 · see the original

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You’re viewing the FY2024 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

81 cents of each dollar spent went to programs.

Program services 81% · $245K Management & general 12% · $36K Fundraising 7% · $22K

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

16 people listed on the 990; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$126,393Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$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.

Provided by the organization

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1 program · $245K · in their own filed words · FY2024
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.

$245Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$394K
Ln 12
Gifts and grantsLn 1h$331K
Investment incomeLn 3$44K
Fees for servicesLn 2g$15K
Money outPt IX
$303K
Ln 25
Programscol B$245K
Managementcol C$36K
Fundraisingcol D$22K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$979K
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$331K
Government grantsLn 1e$33K
Fees for servicesLn 2g$15K
Investment incomeLn 3$44K
Other incomeLn 4–11$4K
Total revenueLn 12$394K
Assets in detailPt X, end of year
CashLn 1$73K
SavingsLn 2$906K
Cash and savings togetherLn 1–2$979K
Land, buildings, equipmentLn 10c$30K
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
Net assetsLn 32$1.0M
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 FY24End FY24
Cash and savingsLn 1–2$868K$979K
Land, buildings, equipmentLn 10c$43K$30K
Total assetsLn 16$912K$1.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$912K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$126K$95K$19K$13K
Other salaries and wagesLn 7$8K$8K
Pension plan contributionsLn 8$4K$3K$569$379
Payroll taxesLn 10$11K$8K$2K$1K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$17K$16K$1K
Office expensesLn 13$8K$4K$1K$3K
Information technologyLn 14$4K$2K$2K
OccupancyLn 16$4K$4K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$32K$29K$1K$1K
Depreciation, depletion and amortizationLn 22$14K$14K
InsuranceLn 23$9K$8K$1K
Other expenses (24a–d)Ln 24$51K$51K
Total functional expensesLn 25$303K$245K$36K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $499K$314K$185K$1.2M 990 PDF
FY2024 Viewing $394K$303K$91K$1.0M 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $393,706 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $313,371$331,051
I-9 Program service revenuePrior year $16,767$14,807
I-10 Investment incomePrior year $15,736$43,590
I-11 Other revenuePrior year $0$4,258
I-12 Total revenuePrior year $345,874$393,706
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 $141,714$149,206
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $102,657$153,849
I-18 Total expensesPrior year $244,371$303,055
I-19 Revenue less expensesPrior year $101,503$90,651
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $393,706 across 6 lines filed
Lines not itemized here account for $4,258 of total revenue; see the IRS return.
VIII-1e Government grants$33,100
VIII-1f All other contributions, gifts and grants$297,951
VIII-1h Total contributions, gifts and grants$331,051
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,807$14,807
VIII-3 Investment incomeExcluded from tax $43,590$43,590
VIII-12 Total revenueRelated to mission $19,065 · Unrelated business $0 · Excluded from tax $43,590$393,706
Part IX · Statement of functional expenses $303,055 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $94,616 · Management $19,066 · Fundraising $12,711$126,393
IX-7 Other salaries and wagesPrograms $8,125$8,125
IX-8 Pension plan contributionsPrograms $2,844 · Management $569 · Fundraising $379$3,792
IX-10 Payroll taxesPrograms $8,188 · Management $1,625 · Fundraising $1,083$10,896
IX-11c Accounting feesManagement $10,819$10,819
IX-12 Advertising and promotionPrograms $15,920 · Fundraising $1,188$17,108
IX-13 Office expensesPrograms $3,714 · Management $1,421 · Fundraising $3,036$8,171
IX-14 Information technologyPrograms $2,149 · Fundraising $2,156$4,305
IX-16 OccupancyPrograms $4,322$4,322
IX-17 TravelPrograms $3,603$3,603
IX-19 Conferences, conventions and meetingsPrograms $29,284 · Management $1,322 · Fundraising $1,322$31,928
IX-22 Depreciation, depletion and amortizationPrograms $13,591$13,591
IX-23 InsurancePrograms $8,054 · Management $1,414$9,468
IX-24 Other expenses (24a–d)Programs $50,534$50,534
IX-25 Total functional expensesPrograms $244,944 · Management $36,236 · Fundraising $21,875$303,055
Part X · Balance sheet $1,008,960 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $94,803$73,340
X-2 Savings and temporary cash investmentsStart of year $773,238$905,566
X-9 Prepaid expenses and deferred chargesStart of year $425$200
X-10c Land, buildings and equipment, netStart of year $43,445$29,854
X-16 Total assetsStart of year $911,911$1,008,960
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $911,911$1,008,960
X-32 Total net assets or fund balancesStart of year $911,911$1,008,960
X-33 Total liabilities and net assetsStart of year $911,911$1,008,960
Part XI · Reconciliation of net assets $1,008,960 net assets at year end
XI-1 Total revenue$393,706
XI-2 Total expenses$303,055
XI-3 Revenue less expenses$90,651
XI-4 Net assets at start of year$911,911
XI-5 Net unrealized gains (losses) on investments$6,398
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,008,960

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

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