The Global Climbing Initiative Inc

EIN: 844133618 501(c)(3) Recreation & Sports

Superior, CO

Total Revenue
$202,190
Total Expenses
$143,355
Total Assets
$93,195
Net Assets
$93,195
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CO
Principal Officer
Scott Pagel
Phone
7206552766
Tax Period
2023-01-01 to 2023-12-31

The Global Climbing Initiative Inc, founded in 2020, is a small nonprofit in the Recreation & Sports sector that reported $202K in total revenue in fiscal year 2023. Revenue surged 210% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 29% operating margin.

Mission

The Global Climbing Initiative equips climbing communities worldwide with the knowledge and resources to thrive.

Program Service Accomplishments

Program 1
Expenses: $52,359

Climbing Leadership Fund-(Largest Program)Through the Climbing Leadership Fund, we initiate projects hand-in-hand with local climbing communities to make a deep investment in the trajectory of their...

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Climbing Leadership Fund-(Largest Program)Through the Climbing Leadership Fund, we initiate projects hand-in-hand with local climbing communities to make a deep investment in the trajectory of their growth. In 2023, our two Climbing Leadership Fund partners were Climbing Life Kenya and Climb Malawi. Climbing Life Kenya sought safety education and mentorship training so that their leaders and volunteers could continue increasing access to climbing for other Kenyans. Climb Malawi sought the skills for local Malawians to autonomously develop climbing and lead their climbing organization. Supported by Organic climbing, Mountain Hardwear, Beyond Clothing and Sterling Rope, we built a 3-week program for our instructors to provide 92 hours of hands-on education in basic and advanced climbing skills, bolting, climbing photography, and organizational leadership.

Program 2
Expenses: $25,593

Our Gear Distribution Program bolstered the success of 8 climbing organizations in Thailand, Kenya, Panama, Nepal, Malawi, Egypt, Brazil and Colombia this year. We distributed 418 pieces of bolting...

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Our Gear Distribution Program bolstered the success of 8 climbing organizations in Thailand, Kenya, Panama, Nepal, Malawi, Egypt, Brazil and Colombia this year. We distributed 418 pieces of bolting equipment, 25 climbing ropes, 54 carabiners, 128 articles of technical outdoor clothing, 73 units of cord/webbing, 27 harnesses, 32 helmets, 8 belay devices, 19 quickdraws, 23 backpacks, 15 chalk bags, 4 radios and 63 pairs of climbing shoes gathered from outdoor industry brands and individual donors. This equipment supported our global partners in their missions of increasing climbing access for underrepresented populations and preserving climbing environments.

Program 3
Expenses: $4,693

In 2023, GCI established the Community Grants Program to help bring the visions of local climbing communities to life. We awarded 9 grants of up to $500 each in the following categories...

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In 2023, GCI established the Community Grants Program to help bring the visions of local climbing communities to life. We awarded 9 grants of up to $500 each in the following categories: Environmental, Creative, and Social Impact. Some of the intiatives we funded included rope skills and first aid education for indigenous honey harvestors in India, a bolt replacement workshop in Mexico, belay platforms for erosion mitigation in the Phillipines, a new women's climbing and bolting festival in Peru, waste management and environmental education in Ecuador, Leave No Trace Behind trainings in Mexico and a film on an inclusive community bolting education event in India.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $202,188
Program Service Revenue $0
Investment Income $2
Other Revenue $0
TOTAL REVENUE $202,190

Expense Breakdown

Grants Paid $82,645
Salaries & Benefits $31,408
Fundraising Expenses $0
Program Expenses $82,645
Other Expenses $29,302
TOTAL EXPENSES $143,355

Year-over-Year Comparison

2023 2022 Change
Revenue $202,190 $65,159 +2.1%
Expenses $143,355 $41,047 +2.5%
Net Income $58,835 $24,112 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
23

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Scott Pagel President 15.00
Director
$0 $0 $0
Tyler Algeo Secretary 15.00
Director
$0 $0 $0
Ludivine Brunissen Treasurer 5.00
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 $202,190 $143,355 $93,195 $58,835
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