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CHARITY REVIEW
Issued: September 2025 Expires: September 2026

Challenge Aspen

Accredited Charity
Accredited Charity

Meets Standards
Accreditation seal
(970) 923-0578
309 Snowmass Village Mall
Snowmass Village, CO, 81615
https://challengeaspen.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Challenge Aspen meets the 20 Standards for Charity Accountability.

Stated Purpose:
"Challenge Aspen is dedicated to impacting lives through year-round adaptive experiences for individuals faced with cognitive and/or physical disabilities. Challenge Aspen creates life-changing opportunities by encouraging participation in activities designed to redefine limits, recognize abilities, and transfer newfound courage to everyday life." 

Year, State Incorporated:
1995, CO

Camps and daily adaptive programs include Magic of Music & Dance, Locals Programming with Nastar/Special Olympics race teams, Custom Adventures creating unique experiences participants and their families, daily adaptive ski and snowboarding lessons with certified PSIA instructors, mentorship programs with local schools and other adaptive programs.

Challenge Aspen Military Opportunities (CAMO) provides adaptive therapeutic recreation and wellness experiences for military personnel diagnosed with cognitive and/or physical disabilities. CAMO offers an opportunity for veterans, their spouses/partners and caregivers to reconnect with outdoor recreation activities through professional adaptive instruction for summer and winter sports. CAMO encourages participants to attend one summer and one winter retreat so they can be exposed to one or more activities that may open the door to continued health and wellness.


For the year ended May 31, 2024, Challenge Aspen's program expenses were:

Programs $3,001,475
Total Program Expenses $3,001,475

Chief Executive
Lindsay Cagley, CEO

Compensation*
$186,163

Chair of the Board
Jack Kennedy, Community Volunteer

Chair's Profession / Business Affiliation

Board Size
9

Paid Staff Size
23

* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.

Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Grant proposals, Internet, Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 9.86%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Challenge Aspen's audited financial statements for the year ended May 31, 2024.

Source of Funds
Grants $1,415,640
Aspen Skiing Company In-Kind Donations $1,290,764
Contributions $957,037
Investment Return $608,100
Special Event Revenue $449,609
Program Service Fees $289,872
In-Kind Donations $222,876
Employee Retention Credit $106,834
Other Income $12,086
Gain on Sale of Property and Equipment $2,000
Merchandise Sales $-5,787
Total Income $5,349,031

Programs: 80% Fundraising: 11% Administrative: 9%

Total Income $5,349,031
Total expenses: $3,757,896
  Program expenses $3,001,475
  Fundraising expenses $427,089
  Administrative expenses $329,332
  Other expenses $0
Income in Excess of Expenses $1,591,135
Beginning Net Assets $3,783,728
Other Changes In Net Assets $0
Ending Net Assets $5,374,863
Total Liabilities $453,892
Total Assets $5,828,755

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB Serving Northern Colorado and Wyoming