Triple Cities Ski Club Inc
- Assets
- $100.4k
- Revenue
- $208.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Vestal, NY
- Founding
- 05/1993
- Data as of
- 05/2024
- EIN
- 22-2526514
Organization Overview
Triple Cities Ski Club Inc is located in Vestal, NY. The organization was established in 1993. According to its NTEE Classification (N68) the organization is classified as: Winter 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. Triple Cities Ski Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2024, Triple Cities Ski Club Inc generated $208.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $145.8k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE OBJECTIVES OF THE TRIPLE CITIES SKI CLUB SHALL BE: 1. ENCOURAGE PARTICIPATION IN THE SPORT OF SKIING AND IMPROVE INDIVIDUAL PROFICIENCY 2. PROMOTE GOOD FELLOWSHIP AMONG IT MEMBERS 3. COOPERATE WITH REGIONAL AND NATIONAL SKIING ORGANIZATIONS AS BENEFITS TO THE INTERESTS OF THE TRIPLE CITIES SKI CLUB EFFORTS OF INDIVIDUALS MEMBERS TO REALIZE THESE OBJECTIVES SHALL BE ON A NON-RENUMERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC MEETINGS SEPT - MAY ON AREAS OF INTEREST TO SKIING AND FITNESS. AVERAGE ATTENDANCE OF 40 PEOPLE TOTAL 360
COORDINATED 8 SKI TRIPS TO VARIOUS LOCATIONS. AVERAGE PARTICIPATION 35 PEOPLE PER TRIP TOTAL 280 PEOPLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ingrid Jordak President | Officer | 15 | $0 |
Pete Punzo Vice President | Officer | 2 | $0 |
Lorraine Loitsch Treasurer | Officer | 3 | $0 |
Michael Reitnauer Financial Director | Officer | 4 | $0 |
Carol Aronowitz Recording Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,133 |
| 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 | $1,133 |
| Total Program Service Revenue | $206,484 |
| Investment income | $912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,529 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $771 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $117 |
| Office expenses | $631 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $789 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $631 |
| All other expenses | $0 |
| Total functional expenses | $145,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,480 |
| Savings and temporary cash investments | $25 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $24,906 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $100,411 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $100,411 |
| Total liabilities and net assets/fund balances | $100,411 |