Pacific Northwest Ski Educational Foundation
- Assets
- $870.9k
- Revenue
- $114.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Quincy, WA
- Founding
- 09/1971
- Data as of
- 06/2023
- EIN
- 23-7118655
Organization Overview
Pacific Northwest Ski Educational Foundation, operating under the name Pnwsef, is located in Quincy, WA. The organization was established in 1971. 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. Pnwsef 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, Pnwsef generated $114.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $97.4k during the year ending 06/2023. While expenses have increased by 13.1% 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.
Since 2020, Pnwsef has awarded 12 individual grants totaling $152,780. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PACIFIC NORTHWEST SKI EDUCATION FOUNDATION (PNWSEF) IS ORGANIZED EXCLUSIVELY TO ENGAGE IN AND CONDUCT CHARITABLE AND EDUCATIONAL ACTIVITIES. INCLUDED WITHIN SAID PURPOSES, BUT NEITHER BY WAY OF LIMITATION NOR EXPANSION THEREON ARE: TO ASSIST THE PACIFIC NORTHWEST SKI ASSOCIATION (PNSA), THE US SKI & SNOWBOARD ASSOCIATION, AND OTHER NOT-FOR-PROFIT ORGANIZATIONS ALIGNED WITH OUR CHARITABLE PURPOSES, TO CARRY OUT THE OBJECTS AND PURPOSES FOR WHICH SUCH ORGANIZATIONS ARE ESTABLISHED; TO EDUCATE MEMBERS OF PACIFIC NORTHWEST SKI ASSOCIATION, US SKI & SNOWBOARD ASSOCIATION, AND THE PUBLIC AS TO ALL FACETS OF LOCAL, NATIONAL, AND INTERNATIONAL SKI COMPETITION; TO PROVIDE SCHOLARSHIPS AND GRANTS TO WORTHY ALPINE AND NORDIC COMPETITORS AND THEIR COACHES IN ORDER TO ATTEND LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL COMPETITIONS; TO FURTHER THEIR TRAINING; AND ASSIST THEM IN PURSUING COLLEGE, UNIVERSITY, AND POST- GRADUATE STUDIES; TO CARRY ON, SPONSOR AND SUPPORT EDUCATIONAL AND RELATED ACTI
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP GRANTS: THERE ARE 3 SCHOLARSHIPS OFFERED ANUALLY TO PACIFIC NORTHWEST SKI ASSOCIATION ATHLETES AND COACHES FOR CONTINUING EDUCATION. THE TYPES OF SCHOLARSHIPS OFFERED INCLUDE: A SCHOLARSHIP AWARDED TO AN OUTSTANDING FEMALE SKI RACER FOR COLLEGE EDUCATION, A SCHOLARSHIP AWARDED TO AN OUSTANDING MALE SKI RACER FOR COLLEGE EDUCATION, AND A SCHOLARSHIP AWARDED TO A COACH FOR HIS/HER EDUCATION AND MAY BE USED FOR COLLEGE TUITION OR FOR REGISTRATION COSTS TO ATTEND COACHING CLINICS. DURING THE FISCAL YEAR 3 SCHOLARSHIPS WERE GIVEN OUT.
ADMINISTRATIVE GRANT FOR OFFICE SUPPORT
ALPINE TEAM GRANTS: INDIVIDUAL GRANT PROGRAM COVERS EXPENSES INCURRED DURING COMPETITION OR TRAINING. PROJECT GRANTS ARE USED TO UNDERWRITE A PORTION OF THE PROJECT'S COST; THIS INCLUDES THE ALPINE SPEED CAMP, ALPINE SUMMER CAMP, MASTERS TRAINING SL CAMP, AND IMPACT PROJECT.
NORDIC JO TEAM GRANTS: INDIVIDUAL GRANT PROGRAM COVERS EXPENSES INCURRED DURING COMPETITION OR TRAINING. PROJECT GRANTS ARE USED TO UNDERWRITE A PORTION OF THE PROJECT'S COST; THIS INCLUDES THE NORDIC SUMMER CAMP AND JN ENTRY FEES/WAX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Spadaro Class A. Pos | Trustee | 0.25 | $0 |
Julia Mcginnis Class A. Pos | OfficerTrustee | 3 | $0 |
Teresa Cravens Class A. Pos | OfficerTrustee | 15 | $0 |
Courtney Vermaas Class A. Pos | Trustee | 3 | $0 |
Dan Bates Class A. Pos | Trustee | 0.5 | $0 |
Chuck Kenlan Class A. Pos | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $68,112 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,944 |
| Noncash contributions included in lines 1a–1f | $21,912 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,056 |
| Total Program Service Revenue | $16,639 |
| Investment income | $30,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,654 |
| Net Income from Fundraising Events | -$27,093 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,255 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $48,617 |
| Grants and other assistance to domestic individuals. | $19,500 |
| 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 | $325 |
| Fees for services: Accounting | $2,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,514 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $4,081 |
| Office expenses | $1,236 |
| Information technology | $387 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,943 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $968 |
| All other expenses | $0 |
| Total functional expenses | $97,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,181 |
| Savings and temporary cash investments | $18,765 |
| 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 | $826,721 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $216 |
| Total assets | $870,883 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $6,000 |
| 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 | $84 |
| Total liabilities | $6,084 |
| Net assets without donor restrictions | $864,799 |
| 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 | $870,883 |
Grants Awarded
Over the last fiscal year, Pacific Northwest Ski Educational Foundation has awarded $48,617 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PACIFIC NORTHWEST SKI ASSN PURPOSE: ALPINE/IMPACT/MASTER | $15,700 |
PACIFIC NORTHWEST SKI ASSOCIATION PURPOSE: OFFICE SUPPORT | $18,417 |
PACIFIC NORTHWEST SKI ASSN PURPOSE: NORDIC | $14,500 |