20 First Street Properties

Nonprofit profile at a glance

EIN
200950494
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Colorado Spring, CO, USA
Phone
7196355200
Rating confidence
Limited
Sector
Real Estate Associations

Reported finances

Revenue
$0
Expenses
$208,071
Assets
$494,187
Liabilities
$1,416,555

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • MATTHEW FARRELL (CHIEF EXECUTIVE OFFICER)
  • SAM AUXIER (PRESIDENT)
  • AMANDA EVORA WILL (VICE PRESIDENT - PART YEAR)
  • TRACY MAREK (CHIEF EXECUTIVE OFFICER - PART YEAR)

Highest reported compensation

  • TRACY MAREK (CHIEF EXECUTIVE OFFICER - PART YEAR): $533,655 total reported compensation
  • JOHN ANDERSON (CHIEF LEGAL OFFICER): $333,714 total reported compensation
  • ERIC FEHR (CHIEF FINANCIAL OFFICER): $216,894 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

20 first street properties is a separate, tax-exempt, not-for-profit title-holding company.

What it reported doing in 2024

The organization was created in 2004 solely for the purpose of owning, holding title to, and maintaining the land, buildings, and improvements of the united states figure skating association's headquarters located at 20 first street in Colorado springs, Colorado.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 60
  • Accountability: 60
  • Sustainability: 12
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 25th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 2.38; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 2.87; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 52.6%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -3.6% per year; rating input score 0; 41st percentile among comparable filings
  • Revenue growth: Limited
  • Asset growth: -6.6% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: 4 of 5 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $534K · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 6 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.