Mount Mansfield Ski Educational Foundation Inc
- Assets
- $2.5m
- Revenue
- $2.4m
- Investments
- $1.1m
- Employees
- 0
- Location
- Stowe, VT
- Founding
- 08/1969
- Data as of
- 05/2018
- EIN
- 23-7033219
Organization Overview
Mount Mansfield Ski Educational Foundation Inc is located in Stowe, VT. The organization was established in 1969. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. Mount Mansfield Ski Educational Foundation 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 05/2018, Mount Mansfield Ski Educational Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 67.6% each year . All expenses for the organization totaled $1.9m during the year ending 05/2018. While expenses have increased by 71.9% per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND TRAINING OF SKIERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE AND TRAIN SKIERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Arnot Director | Trustee | 0 | $0 |
David Merriam Vice President | Trustee | 0 | $0 |
Terry Mcnabb President | Trustee | 0 | $0 |
Denise Gutstein Director | Trustee | 0 | $0 |
Philip Schoepke Secretary | Trustee | 0 | $0 |
Igor Vanovac Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $443,820 |
| Investment income | $9,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,935,514 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,414,692 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $832,563 |
| Pension plan accruals and contributions | $9,175 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,588 |
| 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 | $3,114 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50,181 |
| Office expenses | $28,911 |
| Information technology | $5,574 |
| Royalties | $0 |
| Occupancy | $57,720 |
| Travel | $43,169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,287 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,192 |
| Insurance | $80,933 |
| All other expenses | $0 |
| Total functional expenses | $1,891,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,686 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,117 |
| 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 | $10,369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,096,469 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,532,717 |
| Accounts payable and accrued expenses | $17,728 |
| Grants payable | $0 |
| Deferred revenue | $106,600 |
| 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 | $264,226 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,642 |
| Total liabilities | $435,196 |
| 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 | $2,097,521 |
| Total liabilities and net assets/fund balances | $2,097,521 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mount Mansfield Ski Educational Foundation Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Lintilhac Foundation Shelburne, VT PURPOSE: GENERALSUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Skin Cancer Foundation Inc New York, NY | $8,525,927 | $11,447,071 |
The Skating Club Of Boston Norwood, MA | $69,699,987 | $7,906,806 |
Vermont Association Of Snow Travelers Inc Barre, VT | $3,241,004 | $3,918,954 |
Waterville Valley Black & Blue Trail Smashers-Snowsports Edu Fdn Waterville Valley, NH | $2,567,962 | $3,711,484 |
Skyliners Synchronizer Skating Team Inc Pelham, NY | $1,872,139 | $2,783,736 |
Northboro Youth Hockey Program Inc Westborough, MA | $6,509,967 | $2,397,981 |
Ramapo Youth Hockey Association Inc Monsey, NY | $416,965 | $2,307,032 |
Beaver Dam Winter Sports Club Inc Long Island Locust Valley, NY | $6,658,700 | $2,629,105 |
Professional Ski Instructors Albany, NY | $1,829,406 | $2,398,753 |
Mid Fairfield Youth Hockey Association Inc Port Chester, NY | $1,290,390 | $2,178,898 |
Gulls Amateur Hockey Association Jericho, NY | $477,735 | $2,164,443 |
Mount Mansfield Ski Educational Foundation Inc Stowe, VT | $2,532,717 | $2,414,692 |