2015-11-16T10:56:38-06:00 2014-12-31 010724563 ANTON COLLINS MITCHELL LLP 303 EAST 17TH AVENUE SUITE 600 DENVER CO 80203 990 2014-01-01 810539964 FIRST DESCENTS FIRS 3039452490 3001 BRIGHTON BOULEVARD NO 623 DENVER CO 80216 PATRICK RYAN O'DONOGHUE EXECUTIVE DIRECTOR 3039452490 2015-11-16 1 WENDY DEWITT P01358310 3038301120 2014 2016-02-25 16:41:14Z PATRICK RYAN O'DONOGHUE 3001 BRIGHTON BOULEVARD NO 623 DENVER CO 80216 3049951 0 X WWW.FIRSTDESCENTS.ORG X 2003 CO FIRST DESCENTS PROVIDES LIFE-CHANGING OUTDOOR ADVENTURES TO YOUNG ADULTS IMPACTED BY CANCER. 11 10 14 247 0 0 1669261 2822472 88173 7135 389 0 440017 -252804 2197840 2576803 0 0 0 0 780157 838958 0 0 274139 1283274 1309298 2063431 2148256 134409 428547 880781 1373518 50070 104615 830711 1268903 FIRST DESCENTS PROVIDES LIFE-CHANGING OUTDOOR ADVENTURES TO YOUNG ADULTS IMPACTED BY CANCER. 0 0 1667051 7135 DURING THE FIRST DESCENTS EXPERIENCES, YOUNG ADULT CANCER FIGHTERS AND SURVIVORS ARE EMPOWERED THROUGH CONQUERING LEGITIMATE OUTDOOR CHALLENGES TO PUSH THEIR LIMITS AND FACE THEIR FEARS-AND BY DOING SO, REGAIN THE CONFIDENCE LOST TO CANCER. FIRST DESCENTS PROVIDED 36 WEEKLONG PROGRAMS SERVING 427 PARTICIPANTS, 5 TWO-THREE DAY PROGRAMS SERVING 25 PARTICIPANTS AND 35 TRIBUTARY PROGRAMS SERVING 233 PARTICIPANTS IN 2014-TOTALLING 685 PARTICIPANTS SERVED. 1667051 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 75 0 0 14 1 0 0 0 0 0 1 1 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHELLE WELCH 3038301120 303 E 17TH AVENUE SUITE 600 DENVER CO 80203 BRADFORD R LUDDEN FOUNDER 40.00 X 99578 0 8122 BRENT GOLDSTEIN CHAIRPERSON 4.00 X X 0 0 0 JOEL APPEL DIRECTOR 4.00 X 0 0 0 LARRY SMITH DIRECTOR 4.00 X 0 0 0 EVA HO DIRECTOR 4.00 X 0 0 0 COREY NIELSON DIRECTOR 20.00 X 0 0 0 DAVID LEE DIRECTOR 4.00 X 0 0 0 BRAD REISS DIRECTOR 4.00 X 0 0 0 JENNIFER FEIKEN DIRECTOR 4.00 X 0 0 0 ROCHELLE SHORETZ DIRECTOR 4.00 X 0 0 0 JOSH BEHR DIRECTOR 4.00 X 0 0 0 PATRICK RYAN O'DONOGHUE EXECUTIVE DIRECTOR 40.00 X 100371 0 8168 199949 0 16290 1 0 0 0 0 528177 2294295 210822 2822472 7135 7135 7135 220344 528177 473148 -252804 -252804 2576803 7135 0 -252804 X 216239 118889 32478 64872 502191 442565 39365 20261 120528 81945 16126 22457 546962 432078 53339 61545 96567 67050 1344 28173 51179 7480 4119 39580 89598 28866 44715 16017 7979 6658 300 1021 6499 4744 650 1105 10653 2521 7416 716 PROGRAM MEALS 283105 257499 7214 18392 FACILITY/EQUIP RENT 184721 184721 ALUMNI OUTREACH 29869 29869 PROGRAM SUPPLIES 2105 2105 61 61 2148256 1667051 207066 274139 446974 716935 162169 142351 237500 170603 78472 8872 10100 66348 172617 39813 28270 8397 11543 17418 4000 880781 1373518 40070 100615 10000 4000 50070 104615 X 780711 1021403 50000 247500 830711 1268903 880781 1373518 428547 9645 0 X 1 X 0 0 0 X 819863 1713411 1665389 1669261 2822472 8690396 819863 1713411 1665389 1669261 2822472 8690396 1405901 7284495 761 345 543 389 2038 99774 206286 917142 1223202 9915636 755656 0.73460 0.69220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39813 28270 11543 11543 X PART X, LINE 2: FIRST DESCENTS IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IT QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION. INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO ITS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE WAS NO UNRELATED BUSINESS INCOME IN THE YEAR ENDED DECEMBER 31, 2014. MANAGEMENT IS REQUIRED TO EVALUATE TAX POSITIONS TAKEN BY FIRST DESCENTS AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND DETERMINED THAT THERE ARE NONE. FIRST DESCENTS IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2011. FD BALL 550685 422738 127947 270192 FALL AFFAIR 57301 41459 15842 61866 5 140535 63980 76555 141090 748521 528177 220344 473148 473148 -252804 X 16600 FAIR MARKET VALUE X AUCTION ITEMS 196 165667 FAIR MARKET VALUE X FOOD/BEVERAGE 3 23805 FAIR MARKET VALUE X EQUIPMENT 30 4750 FAIR MARKET VALUE 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S FORM 990 IS REVIEWED BY THE CHIEF OPERATING OFFICER AND PERSONNEL RESPONSIBLE FOR FINANCIAL ACCOUNTING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND OFFICERS MUST DISCLOSE ALL MATERIAL FACTS CONCERNING AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS SOON AS IT IS DISCOVERED. DISCLOSURE SHALL BE DIRECTED TO THE BOARD OF DIRECTORS VIA THE CHAIRPERSON, CHIEF EXECUTIVE OFFICER OR THE SECRETARY. IF IT APPEARS THAT A CONFLICT OF INTEREST EXISTS, THE BOARD OF DIRECTORS OR THE CHAIR OF THE RELEVANT COMMITTEE THEREOF SHALL APPOINT A NON-INTEREST PERSON OR A COMMITTEE OF THE BOARD OF DIRECTORS TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. IF THE BOARD OF DIRECTORS HAS REASONABLE CAUSE TO BELIEVE THAT A DIRECTOR OR OFFICER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL INFORM SUCH PERSON OF BASIS FOR SUCH BELIEF AND AFFORD SUCH PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF AFTER HEARING THE RESPONSE OF THE DIRECTOR OR OFFICER, AND MAKING FURTHER INVESTIGATION, THE BOARD OF DIRECTORS DETERMINES THAT THE DIRECTOR OR OFFICER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE REMEDIAL ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION CONDUCTED AN ANALYSIS OF NONPROFIT PAY BY REGION, JOB FUNCTION, ETC. IN ORDER TO DETERMINE SUITABLE COMPENSATION FOR ITS CEO, COO, DIRECTORS AND ALL STAFF. THE PROPOSED COMPENSATION WAS PRESENTED TO THE BOARD FOR APPROVAL. THIS PROCESS WAS LAST CONDUCTED IN DECEMBER 2014. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC BY REQUEST AT ITS OFFICE. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 2,237. MANAGEMENT AND GENERAL EXPENSES 1,042. FUNDRAISING EXPENSES 763. TOTAL EXPENSES 4,042. CONTRACT STAFF: PROGRAM SERVICE EXPENSES 425,970. MANAGEMENT AND GENERAL EXPENSES 243. FUNDRAISING EXPENSES 37,931. TOTAL EXPENSES 464,144. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 3,871. MANAGEMENT AND GENERAL EXPENSES 52,054. FUNDRAISING EXPENSES 22,851. TOTAL EXPENSES 78,776.