Titcomb Ski Club Educational Foundation
- Assets
- $154.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, ME
- Founding
- 07/1996
- Data as of
- 05/2018
- EIN
- 01-0366353
Organization Overview
Titcomb Ski Club Educational Foundation is located in Farmington, ME. The organization was established in 1996. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Titcomb Ski Club Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2018, Titcomb Ski Club Educational Foundation generated $50.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $23.3k during the year ending 05/2018. As we would expect to see with falling revenues, expenses have declined by (17.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
THE TITCOMB SKI CLUB EDUCATION FOUNDATION EXISTS TO PROVIDE EDUCATIONAL OPPORTUNITIES AND SCHOLARSHIPS TO SUPPORT ACCESS TO TITCOMB MOUNTAIN SKI AREA. WE CURRENTLY SUPPORT APPROXIMATELY 120 KIDS ANNUALLY FOR VARIOUS LERAN-TO-SKI PROGRAMS AS WELL AS FUND BUS TRANSPORTATION FOR KIDS TO ACCESS THE MOUNTAIN FROM LOCAL SCHOOLS. OUR MAIN FUNDRAISERS INCLUDE THE DUNKIN DONUTS MUG PROGRAM, THE SNOW DANCE, SKI-A-THON, AND GOLF TOURNAMENT. THE FOUNDATION HAS ALSO BEEN THE RECIPIENT OF THE ONION FOUNDATION GRANT TO SUPPORT CAPITAL IMPROVEMENTS TO THE FACILITY AND TO SUPPORT LEARN-TO-SKI AND COMMUNITY FREE SKI EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Hardy Treasurer | 0 | $0 | |
Richard Forster Board Member | 0 | $0 | |
Sarita Crandall Secretary | 0 | $0 | |
Seth Noonkester President | 0 | $0 | |
Gwyn Sewall Board Member | 0 | $0 | |
Katherine Yardley Past Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,685 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,701 |
| Statement of Expenses | |
|---|---|
| Total expenses | $23,333 |
| Balance Sheet | |
|---|---|
| Total assets | $154,384 |
| Total liabilities | $0 |
| Net assets or fund balances | $154,384 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Titcomb Ski Club Educational Foundation has recieved totaling $1,307.
| Awarding Organization | Amount |
|---|---|
Franklin Savings Bank Community Development Foundation Farmington, ME PURPOSE: GENERAL OPERATING SUPPORT | $1,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashua Country Club Nashua, NH | $11,876,858 | $9,163,090 |
Bald Peak Colony Club Melvin Village, NH | $11,276,451 | $8,005,657 |
Woodlands Club Falmouth, ME | $13,018,024 | $8,041,545 |
Portland Country Club Falmouth, ME | $15,784,752 | $5,682,051 |
York Golf & Tennis Club York, ME | $4,649,024 | $3,575,691 |
Purpoodock Club Cape Elizabeth, ME | $4,038,090 | $2,350,676 |
Cochecho Country Club Dover, NH | $4,308,223 | $2,269,241 |
Augusta Country Club Manchester, ME | $1,655,771 | $1,867,113 |
Blue Mountain Forest Association Newport, NH | $1,601,722 | $1,253,996 |
Bicycle Coalition Of Maine Portland, ME | $543,416 | $901,876 |
Maine Gladiators Lewiston, ME | $425,665 | $651,798 |
Grindstone Association Winter Harbor, ME | $4,949,323 | $677,119 |