Mammoth Mountain Community Foundation Inc
- Assets
- $2.8m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 20
- Location
- Mammoth Lakes, CA
- Founding
- 06/2010
- Data as of
- 09/2023
- EIN
- 26-4368015
Organization Overview
Mammoth Mountain Community Foundation Inc is located in Mammoth Lakes, CA. The organization was established in 2010. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 09/2023, Mammoth Mountain Community Foundation Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mammoth Mountain Community 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 09/2023, Mammoth Mountain Community Foundation Inc generated $2.7m 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 $1.6m during the year ending 09/2023. While expenses have increased by 9.5% per year over the past 7 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 2014, Mammoth Mountain Community Foundation Inc has awarded 68 individual grants totaling $1,805,389. 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
MAMMOTH MOUNTAIN COMMUNITY FOUNDATION BELIEVES THAT OPPORTUNITY AND ACCESS TO THE EASTERN SIERRA SHOULD BE OPEN AND INCLUSIVE TO ALL. BY FINANCIALLY SUPPORTING YOUTH ACADEMICS AND ATHLETIC PROGRAMS IN THE EASTERN SIERRA, WE INSPIRE FUTURE GENERATIONS TO LOVE OUR MOUNTAINS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SNOW REMOVAL DISASTER RELIEF FUND SET UP WITH GRANT FUNDS RECIEVED TO HELP ASSIST LOCAL RESIDENCES AND BUSINESSES EFFECTED BY THE LARGE SNOW YEAR. MAMMOTH LAKES AND MONO COUNTY WAS LISTED IN THE DISASTER RELIEF EFFECTED AREA.
SUPPORT YOUNG ATHLETES IN CALIFORNIAS EASTERN SIERRA NEVADA MOUNTAINS THROUGH ATHLETIC EDUCATION, TRAINING AND COMPETITION BY PROVIDING FACILITIES, COACHING AND EQUIPMENT. PROVIDE A RECREATIONAL OUTLET FOR YOUNG PEOPLE ALLOWING THEM TO DEVELOP AND IMPROVE THEIR CAPABILITIES IN WINTER SPORTS. EDUCATE ATHLETES AND PARTICIPANTS IN DISCIPLINE, SPORTSMANSHIP, AND COMMITMENT. SERVICES ARE AVAILABLE TO INTERESTED PARTICIPANTS IN THE LOCAL REGION WHICH INCLUDES IN EXCESS OF 1,200 CHILDREN ATTENDING LOCAL SCHOOLS AND CURRENTLY 870 STUDENT ATHLETES REGISTERED IN NINE WINTER SPORTS TEAMS. SUPPORT IS ALSO AVAILABLE TO PARTICIPANTS FROM MANY TRAVELING YOUTH SNOW SPORTS TEAMS BASED IN CALIFORNIA AND ACROSS THE NATION THAT COMPETE IN EVENTS AT LOCAL SKI RESORTS.
ASSIST CHILDREN TO ACHIEVE THEIR ACADEMIC POTENTIAL BY PROVIDING FINANCIAL SUPPORT TO THE EXISTING INSTITUTIONS OF THE MAMMOTH UNIFIED SCHOOL DISTRICT INCLUDING NEW PROGRAMS, POSITIONS, TECHNOLOGY, AND FACILITY IMPROVEMENTS. THE MAMMOTH SCHOOL DISTRICT IS LOCATED IN THE EASTERN SIERRA NEVADA MOUNTAINS OF CALIFORNIA. THE DISTRICT SERVES APPROXIMATELY 1,200 STUDENTS IN FOUR SCHOOLS. IN ADDITION, ONE INDEPENDENT STUDY CENTER IS AVAILABLE FOR EDUCATION USING CLASSROOM AND VIRTUAL METHODS. SUPPORT FOR THE LOCAL SCHOOLS SERVES TO AUGMENT STATE FUNDING AND PROVIDE FOR A MARGIN OF EXCELENCE IN EDUCATION. HIGH SCHOOL STUDENTS APPLY FOR COLLEGE SCHOLARSHIPS WITHIN THIS PROGRAM AND 21 SCHOLARSHIPS WERE AWARDED IN THE AMOUNT OF $44,500.
PROVIDE SNOW SPORTS TEAM FEE ASSISTANCE BASED ON ACADEMIC ACHIEVEMENT. SUPPLEMENT TRAVEL FUNDS FOR QUALIFYING RACES AND ATHLETES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Bankson Executive Director | OfficerTrustee | 40 | $132,286 |
Sierra Bourne Director | Trustee | 5 | $0 |
Brian Eisner Director | Trustee | 5 | $0 |
Mark Brownlie President | OfficerTrustee | 5 | $0 |
Eric Mann Secretary | OfficerTrustee | 5 | $0 |
Stacey Cook Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $38,427 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $315,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,958,913 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,312,340 |
| Total Program Service Revenue | $0 |
| Investment income | $14,621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $409,722 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,541 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,735,142 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $448,148 |
| Grants and other assistance to domestic individuals. | $197,949 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,286 |
| Compensation of current officers, directors, key employees. | $132,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,718 |
| Pension plan accruals and contributions | $5,505 |
| Other employee benefits | $20,011 |
| Payroll taxes | $22,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,710 |
| Advertising and promotion | $2,671 |
| Office expenses | $16,977 |
| Information technology | $7,115 |
| Royalties | $0 |
| Occupancy | $14,865 |
| Travel | $3,506 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,372 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,756 |
| Insurance | $8,052 |
| All other expenses | $11,949 |
| Total functional expenses | $1,588,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,039,476 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $489,153 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,648 |
| Prepaid expenses and deferred charges | $232,063 |
| Net Land, buildings, and equipment | $17,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,796,752 |
| Accounts payable and accrued expenses | $93,202 |
| Grants payable | $0 |
| Deferred revenue | $15,113 |
| 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 | $54,054 |
| Total liabilities | $162,369 |
| Net assets without donor restrictions | $2,634,383 |
| 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 | $2,796,752 |
Grants Awarded
Over the last fiscal year, Mammoth Mountain Community Foundation Inc has awarded $448,148 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
MAMMOTH UNIFIED SCHOOL DISTRICT PURPOSE: Alternative Education Programs | $225,463 |
BISHOP UNIFIED SCHOOL DISTRICT PURPOSE: Alternative Education | $10,000 |
BISHOP UNION HIGH SCHOOL PURPOSE: Band and Choir Program and Athletic Prog | $5,000 |
ROUND VALLEY EMEM SCHOOL PTO PURPOSE: Educational Books and Athletic Program | $15,128 |
BISHOP HOME STREET MIDDLE SCHOOL PURPOSE: Athletic Programs | $24,480 |
LEE VINING ELEMENTRY SCHOOL PURPOSE: Athletic Program | $10,000 |