Loon Ski Club Inc
- Assets
- $494.6k
- Revenue
- $487.7k
- Investments
- $0.0
- Employees
- 39
- Location
- Campton, NH
- Founding
- 09/2005
- Data as of
- 06/2021
- EIN
- 36-3998339
Organization Overview
Loon Ski Club Inc is located in Campton, NH. The organization was established in 2005. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Loon Ski Club Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loon Ski Club 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 06/2021, Loon Ski Club Inc generated $487.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $390.7k during the year ending 06/2021. While expenses have increased by 1.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADMINISTER AND PROMOTE AN EDUCATIONAL PROGRAM DEVOTED TO THE DEVELOPMENT AND TRAINING OF SKIERS 18 YEARS AND UNDER AS A MEANS OF HEALTHFUL RECREATION AND PHYSICAL FITNESS; TO GIVE ENCOURAGEMENT, COACHING AND INSTRUCTION TO SKIERS; TO ALLEVIATE THE BURDEN OF GOVERNMENT BY ASSISTING THE FEDERAL, STATE AND LOCAL GOVERNMENTS IN THE PROMOTING OF SKIING COMPETITION AND TRAINING; TO COOPERATE WITH THE OLYMPIC COMMITTEE, NATIONAL COLLEGIATE ATHLETIC ASSN., N.H.A.R.A, THE AMATEUR ATHLETIC UNION, VARIOUS AGENCIES OF THE UNITED STATES SKI ASSOCIATION, AND OTHER CURRENT AND FUTURE RECOGNIZED ASSOCIATIONS FOR THE PROMOTION OF SKIING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE SKIING THROUGH EDUCATION, COACHING, INSTRUCTION, AND ENCOURAGE SKIING AS A SOURCE OF PHYSICAL FITNESS AND OUTDOOR RECREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Edry Program Dire | Officer | 22 | $83,550 |
Aaron Loukes Assist Race | Officer | 22 | $22,400 |
William Mcsorley Treasurer | OfficerTrustee | 2 | $0 |
Bob Corbett President | Officer | 2 | $0 |
Danielle Goodwin Director | Trustee | 1 | $0 |
George Beane Director | Trustee | 1 | $0 |
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 | $343,881 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,177 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $487,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,061 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,300 |
| Compensation of current officers, directors, key employees. | $21,060 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,628 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,406 |
| Payroll taxes | $25,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,575 |
| Information technology | $780 |
| Royalties | $0 |
| Occupancy | $6,490 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,728 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,838 |
| Insurance | $7,025 |
| All other expenses | $75 |
| Total functional expenses | $390,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6 |
| Savings and temporary cash investments | $321,328 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,331 |
| 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 | $39,898 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $494,563 |
| 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 | $494,563 |
| 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 | $494,563 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Loon Ski Club Inc has recieved totaling $16,800.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $16,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Northboro Youth Hockey Program Inc Westborough, MA | $6,509,967 | $2,397,981 |
Mount Mansfield Ski Educational Foundation Inc Stowe, VT | $2,532,717 | $2,414,692 |
Mount Snow Ski Educational Foundation West Dover, VT | $1,320,980 | $1,834,810 |
Junior Railers Hockey Club Inc Worcester, MA | $424,487 | $1,444,219 |
Dorset Park Skating Association Inc South Burlington, VT | $6,321,693 | $1,908,251 |
Hockey East Amesbury, MA | $1,083,202 | $1,841,620 |
Vermont Adaptive Ski & Sports Killington, VT | $2,799,788 | $1,237,034 |
Black Mountain Of Maine Rumford, ME | $1,559,785 | $1,123,500 |
Falmouth Youth Hockey League Inc East Falmouth, MA | $7,269,311 | $1,100,190 |