Nonprofit · EIN 47-4256501
GEAR ALLIANCE INC
Tax-exempt · LONGMONT, CO 80501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $264,511 | $257,016 | $7,495 | $231,068 | $10,190 | $220,878 |
| December 31, 2023 | 990 | $361,004 | $285,867 | $75,137 | $213,383 | $0 | $213,383 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $161,304
- of which government grants
- $113,794
- Program service revenue
- $101,484
- Investment income
- $1,723
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $112,030
- Travel
- $44,496
- Program services (functional)
- $232,089
- Management and general (functional)
- $24,317
- Fundraising (functional)
- $610
Balance sheet and other
- Total assets, start of year
- $213,383
- Total assets, end of year
- $231,068
- Total liabilities, end of year
- $10,190
- Net assets, end of year
- $220,878
- Land, buildings and equipment
- $6,881
- Gross receipts
- $264,511
- Employees
- 0
- Volunteers
- 42
- Year formed
- 2015
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dawn Hudson | Junior Team Representative Trustee or director | 10 | $0 |
| Kurt Svendsen | Board Member Trustee or director | 1 | $0 |
| Tom Wilke | FTC team Representative Trustee or director | 8 | $0 |
| Teresa Ewing | Board Treasurer Trustee or director, Officer | 10 | $0 |
| Terry Olkin | Board President Officer | 5 | $0 |
| John Rigsby | Board Vice President Officer | 2 | $0 |
| Bruce Hoiem | Board Secretary Officer | 10 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eric Rauschkolb | SVVSD Representative Trustee or director | 1 | $0 |
| Dawn Hudson | Junior Team Representative Trustee or director | 15 | $0 |
| Kurt Svendsen | Board Member Trustee or director | 1 | $0 |
| Tom Wilke | FTC team Representative Trustee or director | 10 | $0 |
| Terry Olkin | Board President Trustee or director | 2 | $0 |
| John Rigsby | Board Vice President Trustee or director | 2 | $0 |
| Teresa Ewing | Board Treasurer Trustee or director | 20 | $0 |
| Bruce Hoiem | Board Secretary Trustee or director | 15 | $0 |
Address and contacts
- Address (IRS master file)
- 950 S SHERMAN STREET, LONGMONT, CO 80501-6525
- Mailing address (990-N for 2014)
- 8906 Little Raven Trl, Niwot CO 80503
- Principal officer (990 for 2024)
- Terry Olkin, 6792 Niwot Hills Dr, Longmont, CO 80503
- Principal officer (990-N for 2014)
- Terry Olkin, 8906 Little Raven Trl, Niwot CO 80503
- Signed the 990
- Teresa Ewing, Treasurer
- Phone
- (720) 839-6587
- Website
- www.team1619.org
Mission
Our mission is to provide an inclusive environment for teaching and inspiring students through mentor-based science & technology programs that engage students technically through learning curricula and real-world engineering challenges, and socially through teamwork, community service and leadership. The GEAR Alliance is an umbrella organization for a number of FIRST robotics teams in the Longmont, Colorado area. We also run summer camps, after-school activities and run STEM related communities service activities.
Program accomplishments
- Accomplishment: Operation of a facility for all in-house robotics teams and educational activities, including the operation of machine shop, classroom spaces, computer lab, common tools, storage units and travel trailer. Revenue from vending sales $1,148. Grant from St. Vrain Valley School District ($50,794) and City of Longmpnt ($63000).Expenses $119,699 · grants $113,794 · revenue $114,941
- Accomplishment: Operation of competitive robotics teams for school age children competing in FIRST robotics competitions. The GEAR Alliance supports on high school level team (FRC) (~80 students), one middle/high school level team (FTC) (~15 students) and six elementary level (FLL)teams (~ 40 students). Revenue from dues, collected travel fees, gear sales and team meal fee collections.Expenses $112,390 · revenue $90,086
- Accomplishment: Operation of STEM summer camps and drop-in programming for school aged children. Typically camps are a week long, offered to the public and organized and taught by our high school students.revenue $10,250
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-4256501
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O99)
- Assets (IRS master file)
- $231,068
- Income (IRS master file)
- $264,511
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $264,511 | $257,016 | $231,068 | IRS |
| 990 | December 2023 | $361,004 | $285,867 | $213,383 | XML |
| 990 | December 2022 | $227,900 | $209,138 | $138,246 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2014 Officer: Terry Olkin | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-4256501).
Questions about GEAR ALLIANCE INC
- What is the EIN of GEAR ALLIANCE INC?
- The employer identification number (EIN) of GEAR ALLIANCE INC is 47-4256501.
- Is GEAR ALLIANCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to GEAR ALLIANCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GEAR ALLIANCE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GEAR ALLIANCE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GEAR ALLIANCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GEAR ALLIANCE INC?
- The 990 for the year ended December 31, 2024 names Terry Olkin.
- Who are the officers and directors of GEAR ALLIANCE INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does GEAR ALLIANCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $264,511, expenses of $257,016 and total assets of $231,068 at year end.
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