Mt Mansfield Ski Club & Academy Inc
- Assets
- $7.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 102
- Location
- Stowe, VT
- Founding
- 07/1998
- Data as of
- 06/2023
- EIN
- 03-0354068
Organization Overview
Mt Mansfield Ski Club & Academy Inc, operating under the name Mt Mansfield Ski Club & Academy, is located in Stowe, VT. The organization was established in 1998. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Mt Mansfield Ski Club & Academy employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Mansfield Ski Club & Academy 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 06/2023, Mt Mansfield Ski Club & Academy generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $4.3m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION AND TRAINING OF SKI RACERS DURING THE ACADEMIC SCHOOL YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OMOUNT MANSFIELD SKI CLUB & ACADEMY HAS A STRONG AND LONG LASTING HERITAGE IN SKIING. SINCE 1934, WE HAVE OFFERED ON-SNOW PROGRAMS FOR ATHLETES AGED 7 TO 21 YEARS OLD. IN ADDITION TO TECHNICAL SKIING SKILLS, THESE PROGRAMS STRIVE TO TEACH OUR STUDENT-ATHLETES THE VALUES OF SPORTSMANSHIP AND TEAMWORK AND INSTILL A LIFELONG LOVE OF SKIING. WE FOSTER APPROXIMATELY 250 YOUNG ATHLETES IN THESE ON-SNOW PROGRAMS ANNUALLY.AS AN ALPINE SKIING ORGANIZATION, WE HOST VRIOUS SKI RACE EVENTS THROUGHOUT THE WINTER. THESE EVENTS INCLUDE COMMUNITY AND JUNIOR RACES ALL THE WAY UP TO INTERNATIONAL AND COLLEGE RACES. THE STOWE DERBY HOLDS QUITE THE LEGACY IN THE SKI COMMNITY. OUR RACE VENUE, MAIN STREET, IS WIDELY KNOW AS ONE OF THE BEST IN THE COUNTRY.
MT. MANSFIELD ACADEMY, AN APPROVED INDEPENDENT SCHGOOL, SUPPORTS OUR STUDENT ATHLETES IN THEIR PURSUIT OF ACADEMIC EXCELLENCE BY PROVIDING A YEAR ROUND CURRICULUM AS WELL AS A WINTER TERM TUTORIAL FOR GRADES 6 THROUGH POST GRADUATE STUDIES. WE CURRENTLY AVERAGE 65-75 STUDENT ATHLETES AND ARE CONTINUING TO SEE THIS NUMBER GROW ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrence Mcnabb President | OfficerTrustee | 3 | $0 |
David Merriam Director | Trustee | 1 | $0 |
Ashley Grove Secretary | OfficerTrustee | 1 | $0 |
Andrew Arnott Vice President | OfficerTrustee | 1 | $0 |
Tad Davis Director | Trustee | 1 | $0 |
Sam Gaines Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $305,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $305,246 |
| Total Program Service Revenue | $3,921,186 |
| Investment income | $36,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $77,519 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,340,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,950 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,787 |
| Compensation of current officers, directors, key employees. | $65,393 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,221,087 |
| Pension plan accruals and contributions | $40,703 |
| Other employee benefits | $77,040 |
| Payroll taxes | $182,568 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,875 |
| Fees for services: Accounting | $13,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,960 |
| Fees for services: Other | $12,560 |
| Advertising and promotion | $31,469 |
| Office expenses | $5,208 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $173,703 |
| Travel | $533,187 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,298 |
| Interest | $77,013 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219,706 |
| Insurance | $100,978 |
| All other expenses | $3,592 |
| Total functional expenses | $4,328,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $635,242 |
| Savings and temporary cash investments | $303,532 |
| Pledges and grants receivable | $150,000 |
| Accounts receivable, net | $77,076 |
| 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 | $24,109 |
| Net Land, buildings, and equipment | $4,856,632 |
| Investments—publicly traded securities | $1,681,362 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $33,552 |
| Other assets | $0 |
| Total assets | $7,761,505 |
| Accounts payable and accrued expenses | $506,574 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,137,811 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $891,429 |
| Total liabilities | $3,535,814 |
| Net assets without donor restrictions | $4,075,691 |
| Net assets with donor restrictions | $150,000 |
| 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 | $7,761,505 |