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Challenge Aspen FY2020 filing

Tax-deductible

Snowmass Vlg, CO501(c)(3)Human Services EIN 84-1315910Revenue $2.8M in FY2020

On file with the IRSchallengeaspen.orgPo Box 6639, 81615-6639 · Snowmass Vlg, COTax-exempt since Dec 1995Publicly supported charity — 170(b)(1)(A)(vi)

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Recreation for disabled persons.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$316K 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

FY2020 · 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 surplus $619K a year · 20% 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
$316K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Plus $1.3M in investments, Pt X · Ln 11–13
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $8K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$169K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
Spent
$2.8M
To programs
81%
Net assets
$3.4M
By yearFY2020–FY2025
Revenue
$2.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$3.6M
FY2022$2.0M
FY2023$1.9M
FY2024$3.5M
FY2025$5.2M
Expenses
$2.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8M
FY2021$3.3M
FY2022$1.7M
FY2023$2.0M
FY2024$2.5M
FY2025$2.9M
Net assets
$3.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$4.2M
FY2022$3.9M
FY2023$3.8M
FY2024$5.4M
FY2025$7.3M

From the FY2020 Form 990 (year ending May 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Dec 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% · $2.3M Management & general 9% · $263K Fundraising 10% · $285K

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

12 people listed on the 990; $316K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$147,358Pt VII · Sec A
$85,768Pt VII · Sec A
$82,535Pt VII · Sec A
Ben Moss
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
George Hart
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Lindsay Cagley’s $198K as CEO is at the 89th percentile of top reported officer pay among 3869 $1–10M human services 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lindsay Cagley$197,587$186,163$156,587$100,500——
Jeffrey Hauser————$151,553$147,358
Jenni Petersen$112,221$104,156$93,731$91,209$88,973$85,768
Anne Adams———$94,023$89,182$82,535

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides recreational activities for people with disabilities.

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Provided by the organization

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2 programs · $2.3M · in their own filed words · FY2019
01

Challenge aspen's rec division (recreation, education, culture) serves any individual, of any age, living with any disability and offers individuals and groups with physical AND/OR cognitive disabilities diverse opportunities to experience all that the roaring fork valley has to offer.

$1.8Mprogram expense
02

Challenge aspen's camo division (challenge aspen military opportunities) provides adaptive recreation and wellness experiences for military personnel with service related disabilities. Camo offers participants the opportunity to reconnect with outdoor recreation activities that can positively affect their engagement in civilian life.

$459Kprogram 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
Bill Simpson Foundation INCFY2025$8K
Gorman Foundation Charitable TrustFY2025$250
Total grants receivedfrom 2 funders$8K
Grants paid · 1 grant · $127K · 2023–2023
Unitemized GrantFY2023$127,153

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.8M
Ln 12
Gifts and grantsLn 1h$2.2M
Other incomeLn 4–11$340K
Fees for servicesLn 2g$198K
Money outPt IX
$2.8M
Ln 25
Programscol B$2.3M
Managementcol C$263K
Fundraisingcol D$285K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$298K
Total assetsLn 16$3.5M
LiabilitiesLn 26$169K
PeoplePt VI, VII
12
listed · VII A
PaidVII A3
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Noncash giftsLn 1g$1.1M
Fundraising eventsLn 1c$37K
Fees for servicesLn 2g$198K
Investment incomeLn 3$57K
Other incomeLn 4–11$340K
Gains on assetsLn 7−$8K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$295K
Cash and savings togetherLn 1–2$298K
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$3.5M
LiabilitiesLn 26$169K
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 530
VolunteersI 611
Fiscal year endsHeaderMay
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 FY20End FY20
Cash and savingsLn 1–2$153K$298K
InvestmentsLn 11–13$1.2M$1.3M
Land, buildings, equipmentLn 10c$1.8M$1.8M
Total assetsLn 16$3.4M$3.5M
LiabilitiesLn 26$62K$169K
Net assetsLn 32$3.4M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$807K$508K$101K$198K
Pension plan contributionsLn 8$19K$9K$5K$5K
Other employee benefitsLn 9$52K$39K$5K$8K
Payroll taxesLn 10$65K$41K$8K$16K
Accounting feesLn 11c$45K$45K
Other fees for servicesLn 11g$947K$934K$13K
Advertising and promotionLn 12$49K$16K$2K$32K
Office expensesLn 13$142K$108K$33K$783
Information technologyLn 14$31K$6K$21K$4K
OccupancyLn 16$182K$143K$19K$19K
TravelLn 17$134K$133K$33$404
Conferences, conventions and meetingsLn 19$8K$3K$4K$273
Depreciation, depletion and amortizationLn 22$70K$62K$8K
Other expenses (24a–d)Ln 24$294K$292K$472$1K
Total functional expensesLn 25$2.8M$2.3M$263K$285K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.2M$2.9M$2.3M$7.3M 990 PDF
FY2024 $3.5M$2.5M$1.0M$5.4M 990 PDF
FY2023 $1.9M$2.0M−$60K$3.8M 990 PDF
FY2022 $2.0M$1.7M$266K$3.9M 990 PDF
FY2021 $3.6M$3.3M$281K$4.2M 990 PDF
FY2020 Viewing $2.8M$2.8M−$50K$3.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,793,448 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,100,085$2,199,022
I-9 Program service revenuePrior year $243,752$198,160
I-10 Investment incomePrior year $67,668$56,594
I-11 Other revenuePrior year −$130,505$339,672
I-12 Total revenuePrior year $3,281,000$2,793,448
I-13 Grants and similar amounts paidPrior year $20,933$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $902,505$942,762
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,278,034$1,900,683
I-18 Total expensesPrior year $3,201,472$2,843,445
I-19 Revenue less expensesPrior year $79,528−$49,997
Part VI · Governance 7 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
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 $2,793,448 across 9 lines filed
Lines not itemized here account for −$79 of total revenue; see the IRS return.
VIII-1c Fundraising events$37,110
VIII-1f All other contributions, gifts and grants$2,161,912
VIII-1g Noncash contributions (included above)$1,068,445
VIII-1h Total contributions, gifts and grants$2,199,022
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $198,160$198,160
VIII-3 Investment incomeExcluded from tax $64,900$64,900
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$8,306−$8,306
VIII-8 Net income from fundraising eventsExcluded from tax $339,751$339,751
VIII-12 Total revenueRelated to mission $198,160 · Unrelated business $0 · Excluded from tax $396,266$2,793,448
Part IX · Statement of functional expenses $2,843,445 across 14 lines filed
IX-7 Other salaries and wagesPrograms $507,740 · Management $100,808 · Fundraising $198,100$806,648
IX-8 Pension plan contributionsPrograms $9,234 · Management $5,086 · Fundraising $4,934$19,254
IX-9 Other employee benefitsPrograms $39,132 · Management $4,582 · Fundraising $8,334$52,048
IX-10 Payroll taxesPrograms $40,707 · Management $8,147 · Fundraising $15,958$64,812
IX-11c Accounting feesManagement $44,680$44,680
IX-11g Other fees for servicesPrograms $934,479 · Management $12,573$947,052
IX-12 Advertising and promotionPrograms $16,117 · Management $1,598 · Fundraising $31,725$49,440
IX-13 Office expensesPrograms $108,495 · Management $32,999 · Fundraising $783$142,277
IX-14 Information technologyPrograms $6,491 · Management $20,658 · Fundraising $3,500$30,649
IX-16 OccupancyPrograms $142,715 · Management $19,396 · Fundraising $19,396$181,507
IX-17 TravelPrograms $133,234 · Management $33 · Fundraising $404$133,671
IX-19 Conferences, conventions and meetingsPrograms $3,362 · Management $3,998 · Fundraising $273$7,633
IX-22 Depreciation, depletion and amortizationPrograms $62,443 · Management $7,754$70,197
IX-24 Other expenses (24a–d)Programs $291,772 · Management $472 · Fundraising $1,333$293,577
IX-25 Total functional expensesPrograms $2,295,921 · Management $262,784 · Fundraising $284,740$2,843,445
Part X · Balance sheet $3,525,503 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,911$3,255
X-2 Savings and temporary cash investmentsStart of year $150,444$294,614
X-3 Pledges and grants receivableStart of year $245,374$47,300
X-8 Inventories for sale or useStart of year $6,885$9,448
X-10c Land, buildings and equipment, netStart of year $1,847,901$1,832,768
X-11 Publicly traded securitiesStart of year $1,172,356$1,338,118
X-16 Total assetsStart of year $3,448,490$3,525,503
X-17 Accounts payable and accrued expensesStart of year $30,100$113,702
X-19 Deferred revenueStart of year $31,425$54,944
X-26 Total liabilitiesStart of year $61,525$168,646
X-27 Net assets without donor restrictionsStart of year $2,782,083$3,000,061
X-28 Net assets with donor restrictionsStart of year $604,882$356,796
X-32 Total net assets or fund balancesStart of year $3,386,965$3,356,857
X-33 Total liabilities and net assetsStart of year $3,448,490$3,525,503
Part XI · Reconciliation of net assets $3,356,857 net assets at year end
XI-1 Total revenue$2,793,448
XI-2 Total expenses$2,843,445
XI-3 Revenue less expenses−$49,997
XI-4 Net assets at start of year$3,386,965
XI-5 Net unrealized gains (losses) on investments$56,334
XI-7 Investment expenses$8,413
XI-8 Prior period adjustments−$44,858
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,356,857

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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