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 3 years, the organization has seen revenues fall by an average of (14.2%) 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 (22.5%) per year over the past 3 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Yardley Past Preside | 0 | $0 | |
Peter Hardy Treasurer | 0 | $0 | |
Richard Forster Board Member | 0 | $0 | |
Sarita Crandall Secretary | 0 | $0 | |
Gwyn Sewall Board Member | 0 | $0 | |
Seth Noonkester President | 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 | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,333 |
| Total expenses | $23,333 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $144,107 |
| Other assets | $0 |
| Total assets | $154,384 |
| Total liabilities | $0 |
| Net assets or fund balances | $154,384 |