Overview
What is Pikes Peak Or Bust Rodeo Foundation?
The Pikes Peak Or Bust Rodeo Foundation is a nonprofit organization situated in Colorado Springs, Colorado. Their primary focus is to uphold and celebrate Western heritage, fostering a sense of community for both local residents and visitors. The foundation operates an equestrian and event center, serving as a platform for recreation, education, and entertainment. In addition to their local endeavors, they extend support to military organizations within the Pikes Peak region by providing grants to aid their operations. With a team of 27 employees, the foundation remains committed to preserving their roots while engaging with their community.
Official website here: www.norrispenrose.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 37% (Zero-Star out of Four Star rating)
The Pikes Peak Or Bust Rodeo Foundation has received a low score of 37% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board, several critical governance policies, such as conflict of interest and whistleblower policies, are notably absent. Additionally, the foundation lacks financial statements and has not effectively communicated its financial health through its website.
Strengths include a wholly independent board and proper documentation of board meeting minutes, which reflects a commitment to governance in certain areas. However, the absence of essential financial transparency measures and the low program expense ratio of 32.04% raise red flags regarding the organization's operational efficiency and effectiveness in utilizing its funds for its intended purposes.
Overall, the Pikes Peak Or Bust Rodeo Foundation presents a mixed picture, with strong governance structures hindered by a lack of financial disclosures and missing policies that are vital for maintaining donor trust and transparency. Potential donors and stakeholders may want to consider these limitations when evaluating the foundation's effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Pikes Peak Or Bust Rodeo Foundation legitimate?
Pikes Peak Or Bust Rodeo Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pikes Peak Or Bust Rodeo Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $180,666
Professional Fundraising Fees: $0
Other Salaries and Wages: $269,111
For more financial information, click here
Official website here: www.norrispenrose.com
What is the mission statement of Pikes Peak Or Bust Rodeo Foundation?
The Pikes Peak Or Bust Rodeo Foundation's mission is centered around preserving the Western heritage and fostering a sense of community. This is achieved by offering recreational activities, education, and exciting opportunities for both locals and visitors, all while maintaining connections to the Pikes Peak region. The organization operates an equestrian and event center, serving the community and promoting Western traditions. Additionally, the foundation provides grants to military organizations within the Pikes Peak region to support their operations.
Official website here: www.norrispenrose.com
Who is the CEO of Pikes Peak Or Bust Rodeo Foundation?
Mike Jorgensen is the President of Pikes Peak Or Bust Rodeo Foundation.
Official website here: www.norrispenrose.com
What is the revenue of Pikes Peak Or Bust Rodeo Foundation?
Pikes Peak Or Bust Rodeo Foundation's revenue in 2023 was $2,010,896.
Official website here: www.norrispenrose.com
Who are the executives of Pikes Peak Or Bust Rodeo Foundation and what are their salaries?
The average compensation at Pikes Peak Or Bust Rodeo Foundation during 2023 was $16,658. There are 27 employees at Pikes Peak Or Bust Rodeo Foundation.
Here are 18 key members and their salaries:
- Compensation: $156,190
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- Other: $24,475
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Official website here: www.norrispenrose.com
Where can I find the form 990 for Pikes Peak Or Bust Rodeo Foundation?
Pikes Peak Or Bust Rodeo Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.norrispenrose.com
Learn more at the official website: www.norrispenrose.com
Mission Statement of Pikes Peak Or Bust Rodeo Foundation
Pikes Peak Or Bust Rodeo Foundation is committed to preserving the Western heritage and fostering a sense of community for both locals and visitors. Their mission is twofold: first, they strive to maintain the traditional values of the West, and second, they aim to provide recreational, educational, and exciting opportunities for the public. By operating an equestrian and event center, the foundation promotes and preserves Western heritage, while also serving the community. Additionally, the organization extends its support to military organizations within the Pikes Peak region by providing grants to aid in their operations.
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Impact
July, 2024
The Pikes Peak Or Bust Rodeo Foundation has a significant impact on the preservation of our Western heritage and sense of community in the Pikes Peak region. Through the operation of equestrian and event centers, the organization promotes and preserves Western heritage while serving the community. Additionally, by providing grants to military organizations within the Pikes Peak region, the foundation supports their operations and contributes to the well-being of those who serve our country. Overall, the foundation plays a crucial role in maintaining the roots of the Pikes Peak region and providing recreation, education, and exciting opportunities for residents and visitors alike.
This information is meant to be a general summary of Pikes Peak Or Bust Rodeo Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,984
- Program Service Revenue: $1,243,570
- Gross Receipts: $2,081,839
Assets and Liabilities:
- Total Assets: $7,856,319
- Total Liabilities: $4,690,393
- Net Assets: $3,165,926
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT CENTER
Revenue
$1,005,233
CONCESSIONS
Revenue
$233,106
ADVERTISING
Revenue
$5,231
Organization Details
Founding Year
2001
Phone
(719) 635-1699Principal Officer
Mike Jorgensen
Main Address
10 LAKE CIRCLE, COLORADO SPRINGS, CO, 80906
Website
www.norrispenrose.comNTEE Category
Code: T30 - Philanthropy
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