Pikes Peak Auto Hill Climb Educational Museum Pikes Peak Auto Hill Climb Educational M

EIN: 841107922 501(c)(3) Arts, Culture & Humanities

Colorado Springs, CO

Total Revenue
$2,142,769
Total Expenses
$2,055,264
Total Assets
$2,457,826
Net Assets
$2,034,509
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Financial Trends

Organization Details

Formation Year
1916
Legal Domicile
CO
Principal Officer
FREDERICK A VEITCH
Phone
7196854400
Tax Period
2023-01-01 to 2023-12-31

Pikes Peak Auto Hill Climb Educational Museum Pikes Peak Auto Hill Climb Educational M, founded in 1916, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 4% surplus.

Mission

The PPIHC Education Museum provides public education through its museum about the history of auto racing on Pikes Peak, conducts the annual PPIHC race and reports on technology development in racing.

Program Service Accomplishments

Program 1
Expenses: $1,280,936 Revenue: $1,940,534

The Museum Race Division conducts the annual Pikes Peak International Hill Climb automobile race which supports the Museum along with the Museum education programs and community outreach.

Program 2
Expenses: $711,663 Revenue: $171,158

The PPIHC Administration provides support for the permanent museum, the traveling museum, the operational administration of the PPIHC Organization, the annual PPIHC race, as well as the promotion of...

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The PPIHC Administration provides support for the permanent museum, the traveling museum, the operational administration of the PPIHC Organization, the annual PPIHC race, as well as the promotion of all public education and community outreach. The Museum provides financial and operational support to the City of Colorado Springs through the Pikes Peak Highway Authority along with the operational support to the City of Colorado Springs for the conduct of the annual PPIHC Fan Fest Community event .

Program 3
Expenses: $62,665 Revenue: $31,177

The PPIHC Museum in concert with the City of Colorado Springs conducts the annual Fan Fest event. Open to the Community and all visitors, the Fan Fest event highlights the history of racing on Pikes...

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The PPIHC Museum in concert with the City of Colorado Springs conducts the annual Fan Fest event. Open to the Community and all visitors, the Fan Fest event highlights the history of racing on Pikes Peak displaying significant historical race cars & memorabilia. Fan Fest promotes the City of Colorado Springs, it's agencies and organizations supporting the City, as well as the annual PPIHC Race. This annual event provides a public forum showcasing the Hill Climb Race; provides tours through the mobile museum with access to drivers, race officials and to the agencies of the City of Colorado Springs.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,940,534
Investment Income $114,937
Other Revenue $87,298
TOTAL REVENUE $2,142,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,055,264
Other Expenses $2,055,264
TOTAL EXPENSES $2,055,264

Year-over-Year Comparison

2023 2022 Change
Revenue $2,142,769 $1,876,764 +0.1%
Expenses $2,055,264 $2,008,480 +0.0%
Net Income $87,505 $-131,716 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
300

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL J BUKOWSKI Vice Chairman 2.000
Officer Director
$0 $0 $0
BOB GILLIS Past Board Chairman 2.000
Officer Director
$0 $0 $0
PETER FREYTAG Treasurer 2.000
Officer Director
$0 $0 $0
LAURA MUIR Secretary 1.000
Officer Director
$0 $0 $0
THEO GREGORY Board Trustee 1.000
Director
$0 $0 $0
LOU MELLINI Board Trustee 1.000
Director
$0 $0 $0
STEVE SMITH Board Trustee 1.000
Director
$0 $0 $0
FREDERICK VEITCH Chairman Board Trustee 5.000
Officer Director
$0 $0 $0
CHUCK DELICH Board Trustee 1.000
Director
$0 $0 $0
MARLA WISEMAN Board Trustee 1.000
Director
$0 $0 $0
STEVE MATTHIESEN Board Trustee 1.000
Director
$0 $0 $0
LUKE R SMITH Board Trustee 1.000
Director
$0 $0 $0
MEGAN LEATHAM Board Trustee 1.000
Director
$0 $0 $0
ROGER LOVELL Board Trustee 1.000
Director
$0 $0 $0
JIM JORDAN Board Trustee 1.000
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,142,769 $2,055,264 $2,457,826 $87,505
2022 $1,876,764 $2,008,480 $2,205,902 $-131,716
2021 $1,777,028 $1,386,888 $2,275,203 $390,140
2020 $1,113,388 $1,162,670 $2,009,586 $-49,282
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