Killington Mountain School Inc
- Assets
- $8.7m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 101
- Location
- Killington, VT
- Founding
- 02/1979
- Data as of
- 06/2022
- EIN
- 03-0266235
Organization Overview
Killington Mountain School Inc is located in Killington, VT. The organization was established in 1979. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Killington Mountain School Inc employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Killington Mountain School Inc 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 06/2022, Killington Mountain School Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION OF STUDENT ATHLETES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION, TRAINING, AND HOUSING OF YOUNG ATHLETES AGES 13 TO 18.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hone President | OfficerTrustee | 2 | $0 |
Michael Ferri Vice President | OfficerTrustee | 2 | $0 |
Victoria Hone Secretary | OfficerTrustee | 2 | $0 |
James Bianchi Treasurer | OfficerTrustee | 2 | $0 |
Denise Coriell Trustee | Trustee | 2 | $0 |
Gaby Hoffeman Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $806,114 |
| All other contributions, gifts, grants, and similar amounts not included above | $562,341 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,368,455 |
| Total Program Service Revenue | $4,721,684 |
| Investment income | $1,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,786 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,233,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,053,693 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $230,458 |
| Compensation of current officers, directors, key employees. | $135,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,199,630 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $370,996 |
| Payroll taxes | $156,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,933 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,971 |
| Fees for services: Other | $114,493 |
| Advertising and promotion | $8,974 |
| Office expenses | $63,508 |
| Information technology | $81,167 |
| Royalties | $0 |
| Occupancy | $231,100 |
| Travel | $333,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47,960 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $253,499 |
| Insurance | $0 |
| All other expenses | $127,241 |
| Total functional expenses | $5,686,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,505,656 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,926,900 |
| Accounts receivable, net | $290,914 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $93,064 |
| Net Land, buildings, and equipment | $3,065,953 |
| Investments—publicly traded securities | $1,842,056 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,724,543 |
| Accounts payable and accrued expenses | $190,870 |
| Grants payable | $0 |
| Deferred revenue | $1,972,920 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,264,145 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $548,000 |
| Total liabilities | $3,975,935 |
| Net assets without donor restrictions | $2,351,456 |
| Net assets with donor restrictions | $2,397,152 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,724,543 |