Snowsports Industries America Inc
- Assets
- $10.1m
- Revenue
- $495.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Park City, UT
- Founding
- 02/1978
- Data as of
- 05/2023
- EIN
- 13-1935655
Organization Overview
Snowsports Industries America Inc is located in Park City, UT. The organization was established in 1978. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 05/2023, Snowsports Industries America Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Snowsports Industries America Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 05/2023, Snowsports Industries America Inc generated $495.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $2.3m during the year ending 05/2023. 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
HELP THE SNOW SPORT INDUSTRY THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH - THROUGHOUT THE YEAR, WE DELIVER INSIGHTFUL RESEARCH TO HELP OUR MEMBERS BETTER UNDERSTAND THE CONSUMER AND WHAT'S TRULY DRIVING OURINDUSTRY.
EDUCATION - WE PROVIDE UP-TO-DATE EDUCATION AND TRAINING ON EVERYTHING FROM DIGITAL MARKETING TO MERCHANDISING TO HELP OUR MEMBERS GAIN VALUABLE KNOWLEDGE AND DRIVE THEIR BUSINESSES FORWARD. INDUSTRY + INTELLIGENCE EVENT AT OR SNOW SHOW IS OUR MARQUEE EDUCATIONAL EVENT.
PARTICIPATION - WE ARE COMMITTED TO LEADING THE DISCUSSION AND IMPLEMENTING PROGRAMS THAT INCREASE PARTICIPATION AND PROVIDE A STABLE PLATFORM ON WHICH OUR COMMUNITY CAN THRIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stan Evans Director | Trustee | 1 | $0 |
Nick Sargent President | Officer | 40 | $368,081 |
Maria Mcnulty Chief Operating Officer | Officer | 40 | $243,848 |
Jo Gabrielson Sr Finance Director | Officer | 40 | $133,693 |
Mike West Chair | OfficerTrustee | 3 | $0 |
Chris Licata 1st Vice Chair | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Snowtech-usa Llc E-learning Content And Programing | 5/30/18 | $166,524 |
Sports Marketing Surveys Research Data | 5/30/18 | $155,568 |
Advanced Cfo Accounting And Cfo | 5/30/18 | $113,270 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $490,498 |
| Investment income | $232,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $35,000 |
| Net Rental Income | $130,272 |
| Net Gain/Loss on Asset Sales | -$406,828 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $495,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $940,009 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,210 |
| Pension plan accruals and contributions | $96,882 |
| Other employee benefits | $0 |
| Payroll taxes | $94,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,367 |
| Fees for services: Other | $36,000 |
| Advertising and promotion | $124,138 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $136,483 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,436 |
| Insurance | $0 |
| All other expenses | $29,341 |
| Total functional expenses | $2,347,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,886 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,000 |
| 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 | $33,188 |
| Net Land, buildings, and equipment | $1,512,296 |
| Investments—publicly traded securities | $8,352,416 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,113,786 |
| Accounts payable and accrued expenses | $171,308 |
| Grants payable | $0 |
| Deferred revenue | $131,350 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $302,658 |
| Net assets without donor restrictions | $9,811,128 |
| Net assets with donor restrictions | $0 |
| 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 | $10,113,786 |