2024-11-13T10:23:10-06:00 2023-12-31 341854260 CBIZ EBK 90 S CASCADE AVE STE 200 COLORADO SPRINGS CO 80903 990 2023-01-01 237171363 UNITED STATES HANG GLIDING AND PARAGLIDING ASSOCIATION INC UNIT 7196328300 PO BOX 1330 COLORADO SPRINGS CO 80901 PAMELA KINNAIRD TREASURER 7196328300 2024-11-12 1 1 MITCHELL DOWNS CPA P00831972 7195310445 2024-11-12 2023 2024-10-15 13:58:12Z PAMELA KINNAIRD PO BOX 1330 COLORADO SPRINGS CO 80901 1767047 0 X WWW.USHPA.ORG X 1974 CA USHPA IS THE NATIONAL ORGANIZATION RESPONSIBLE FOR THE DEVELOPMENT, PROMOTION AND ADMINSTRATION OF THE HANG GLIDING AND PARAGLIDING ACTIVITIES IN THE UNITED STATES. 10 10 8 66 24751 0 15608 18524 1582781 1683175 3623 32851 22782 21249 1624794 1755799 5000 5000 0 0 374135 447305 0 0 0 1107740 1214418 1486875 1666723 137919 89076 2848386 2879991 765304 705852 2083082 2174139 USHPA IS THE NATIONAL ORGANIZATION RESPONSIBLE FOR THE DEVELOPMENT, PROMOTION AND ADMINSTRATION OF THE HANG GLIDING AND PARAGLIDING ACTIVITIES IN THE UNITED STATES. 0 0 1096790 1686735 MEMBERSHIP - APPROXIMATELY 8,800 MEMBERS RECEIVE REGISTRATION CARDS, INSURANCE, PILOT RATINGS AND CERTIFICATION. 129754 MAGAZINE - APPROXIMATELY 8,800 MEMBERS RECEIVE THE ORGANIZATION'S MONTHLY MAGAZINE "USHPA PILOT" 133548 5000 SPORT DEVELOPMENT - EXPENSES RELATED TO THE DEVELOPMENT OF HANG GLIDING, PARAGLIDING AND SITE PRESERVATION. 1360092 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 10 0 8 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X THE ORGANIZATION 7196328300 PO BOX 1330 COLORADO SPRINGS CO 80901 BILL HUGHES PRESIDENT 10.00 X X 0 0 0 CHARLES ALLEN VICE PRESIDENT 10.00 X X 0 0 0 PAMELA KINNAIRD TREASURER 10.00 X X 0 0 0 JULIA KNOWLES SECRETARY 10.00 X X 0 0 0 STEVEN PEARSON DIRECTOR 5.00 X 0 0 0 NELISSA MILFIELD DIRECTOR 5.00 X 0 0 0 TIKI MASHY DIRECTOR 5.00 X 0 0 0 NICK GREECE DIRECTOR 5.00 X 0 0 0 STEPHEN MENTLER DIRECTOR 5.00 X 0 0 0 RIC CAYLOR DIRECTOR 5.00 X 0 0 0 JON KAYYEM DIRECTOR 5.00 X 0 0 0 MARTIN PALMAZ EXECUTIVE DIRECTOR 40.00 X 135415 0 16995 135415 0 16995 1 0 1 0 0 18524 18524 MEMBERSHIP DUES 713990 1626240 1626240 PILOT RATINGS AND AUTH 900099 33205 33205 OTHER MISC PROGRAM INC 900099 23730 23730 1683175 32851 32851 4186 11248 -7062 -7062 ADVERTISING 541800 24751 24751 MAGAZINE SALES AND POS 900099 3560 3560 28311 1755799 1686735 24751 25789 5000 5000 152410 96018 56392 218075 137387 80688 49472 31167 18305 27348 17229 10119 16137 16137 40784 40784 55232 42529 12703 7642 7642 13295 13295 15374 6150 9224 25511 17348 8163 811332 811224 108 PRINTING 60331 60331 DUES AND SUBSCRIPTIONS 52460 40919 11541 BANK AND CREDIT CARD EX 48771 43894 4877 SHIPPING AND HANDLING 33245 29255 3990 34304 21641 12663 1666723 1360092 306631 0 9316 13070 944414 909709 975 22219 91290 92284 412814 226715 147925 186099 4466 6610 1650000 1650000 2848386 2879991 122968 57861 642336 647991 765304 705852 X 2083082 2174139 2083082 2174139 2848386 2879991 89076 1981 0 X X 0 0 0 X 23257 122050 275548 15608 18524 454987 1544584 1513465 1635500 1588200 1687361 7969110 1567841 1635515 1911048 1603808 1705885 8424097 0 0 0 8424097 4223 718 162 3623 32851 41577 4223 718 162 3623 32851 41577 124 289 1190 23730 25333 1572188 1636233 1911499 1608621 1762466 8491007 0.99210 0.99830 0.00490 0.00150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 95263 95263 56806 20110 36696 260745 206605 54140 186099 RECREATION RISK RET. GROUP INC 1650000 C 1650000 X 1759615 1981 1835 3816 1755799 0 1755799 1668558 1835 1835 1666723 0 1666723 PART X, LINE 2: THE ASSOCIATION'S INFORMATIONAL TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE FILED. AS OF DECEMBER 31, 2023, THE INFORMATIONAL TAX RETURNS FOR THE THREE PRIOR YEARS ARE CONSIDERED OPEN FOR INTERNAL REVENUE SERVICE EXAMINATION. X 0 0 0 0 0 0 0 0 0 MARTIN PALMAZ EXECUTIVE DIRECTOR 129415 0 6000 0 0 0 0 0 16995 0 152410 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS CAN ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B NEW BYLAWS MAY BE ADOPTED OR CURRENT BYLAWS MAY BE AMENDED OR REPEALED BY APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE CHAIR, BOARD TREASURER, AND EXECUTIVE DIRECTOR REVIEW A DRAFT COPY OF FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND VOLUNTEERS ARE REQUIRED TO SIGN AN AGREEMENT INCLUDING A CONFLICT OF INTEREST POLICY WHEN THEY BEGIN THEIR ROLE WITH THE ORGANIZATION. BOARD MEMBERS ARE ASKED TO REVIEW AND RE-SIGN AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 15 COMPARABILITY DATA IS USED BY THE EXECUTIVE COMMITTEE TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR ON AN ANNUAL BASIS. DOCUMENTATION OF THE REVIEW AND APPROVAL OF COMPENSATION IS DRAFTED BY THE PRESIDENT OF THE EXECUTIVE COMMITTEE AND KEPT WITH THE SECRETARY. FORM 990, PART VI, SECTION C, LINE 18 THE ASSOCIATION PROVIDES THE 990 AND 990-T FOR PUBLIC INSPECTION IF REQUESTED AT THEIR OFFICE. MEMBERS CAN VIEW THE DOCUMENTS ON THE ASSOCIATION'S WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION PROVIDES THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST. MEMBERS CAN VIEW THE DOCUMENTS IN THE MEMBERS ONLY SECTION OF THE ASSOCIATION'S WEBSITE. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THE ASSOCIATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. FORM 8886, LINE 7B RECREATION IS A RISK RETENTION GROUP CAPTIVE INSURANCE COMPANY WHO MADE AN IRREVOCABLE ELECTION IN 2016 UNDER SECTION 831(B), TO BE A SMALL INSURANCE COMPANY TAXABLE ONLY ON INVESTMENT INCOME, LESS CERTAIN ADMINISTRATIVE EXPENSES. UNDER THIS ELECTION, ALL UNDERWRITING ACTIVITY IS EXCLUDED FROM TAXABLE INCOME WHILE THE INSUREDS CAN TAKE A TAX DEDUCTION FOR THE PREMIUMS PAID TO RECREATION. THE TAXPAYER IS ONLY REPORTING ON A PROTECTIVE BASIS AS THEY DO NOT BELIEVE THEY MEET THE CRITERIA FOR REPORTING UNDER THE NOTICE. HOWEVER, THE TAXPAYER IS AWARE THAT THEY ARE PAYING RECREATION FOR INSURANCE COVERAGE AND RECREATION HAS ELECTED TO BE TAXED UNDER SECTION 831(B). THE TAXPAYER DOES NOT HAVE DIRECT KNOWLEDGE AS TO WHETHER RECREATION MEETS THE REQUIREMENTS FOR DISCLOSURE AND THEY HAVE NOT RECEIVED ANY DIRECT OR INDIRECT FINANCING, NOR HAVE THEY OTHERWISE BEEN CONVEYED OR AGREED TO RECEIVE LOANS, GUARANTEES OR OTHER TRANSFER OF RECREATION'S CAPITAL. RECREATION RISK RETENTION GROUP INC 159 BANK STREET FOURTH FLOOR BURLINGTON VT 05401 811554959 INSURANCE VT UNITED STATES HANG GLIDING AND PARAGLIDING ASSOCIATION INC C 0.68480 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0