Mt Ascutney Outdoors Inc
- Assets
- $1.8m
- Revenue
- $395.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Brownsville, VT
- Founding
- 04/2016
- Data as of
- 04/2024
- EIN
- 47-5085988
Organization Overview
Mt Ascutney Outdoors Inc is located in Brownsville, VT. The organization was established in 2016. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 04/2024, Mt Ascutney Outdoors Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Ascutney Outdoors 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 04/2024, Mt Ascutney Outdoors Inc generated $395.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $361.9k during the year ending 04/2024. 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
MT. ASCUTNEY OUTDOORS, INC'S MISSION IS TO PROMOTE VITALITY WITHIN THE COMMUNITY BY PROVIDING AFFORDABLE AND UNIQUE RECREATIONAL, CULTURAL AND EDUCATIONAL ACTIVITIES TO LOCAL RESIDENTS AND VISITORS FROM THE UPPER VALLEY REGION OF VERMONT AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MT. ASCUTNEY OUTDOORS, INC. OFFERS A REMARKABLE FOUR-SEASON VENUE FOR LOVERS OF NATURE AND OUTDOOR ACTIVITIES. THE COMMUNITY AND VISITORS ENJOY PUBLIC ACCESS TO TRAILS, FORESTS AND FIELDS FOR WALKING AND HIKING, MOUNTAIN BIKING, TRAIL RUNNING, ALPINE SKIING AND SNOW TUBING, AND BACK-COUNTRY SKIING AND SNOWSHOEING. ALPINE SKIERS HAVE BEEN THRILLED ABOUT ASCUTNEY'S VARIED TERRAIN AND FRIENDLY APPEAL FOR OVER SIXTY YEARS. BUILDING ON THIS TRADITION, MT. ASCUTNEY OUTDOORS OPERATES A 1,800' DOPPELMAYR T-BAR. THE T-BAR SERVES A NUMBER OF TRAILS ON THE LOWER MOUNTAIN SLOPES WITH SKIING FOR ALL ABILITIES. OUR LIFTS ARE ADJACENT TO THE ASCUTNEY OUTDOORS CENTER, WHICH SERVES AS A HUB FOR RECREATIONAL ACTIVITIES, COMMUNITY ACTIVITIES AND A DIVERSE ARRAY OF EVENTS.WE RELY ON THE WONDERFUL SUPPORT AND HARD WORK OF MORE THAN ONE HUNDRED VOLUNTEERS TO RUN OUR OPERATION AND KEEP OUR OPERATION SUSTAINABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Nichols Executive Dir. | Officer | 25 | $40,000 |
Shelley Seward Chair | OfficerTrustee | 25 | $0 |
Steve Wood Treasurer | OfficerTrustee | 5 | $0 |
Brian Quirk Secretary | OfficerTrustee | 3 | $0 |
Owen Crihfield Director | Trustee | 10 | $0 |
Natalie Starr Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brite Lite Electric Llc Electrical Services | 4/29/19 | $154,908 |
Biebel Builders Inc Construction | 4/29/19 | $111,801 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $111,219 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,525 |
| Noncash contributions included in lines 1a–1f | $5,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,744 |
| Total Program Service Revenue | $77,418 |
| Investment income | $4,720 |
| 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 | $3,153 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $395,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,331 |
| 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. | $40,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,282 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,630 |
| Advertising and promotion | $764 |
| Office expenses | $9,094 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,915 |
| Insurance | $11,470 |
| All other expenses | $7,318 |
| Total functional expenses | $361,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,232 |
| Savings and temporary cash investments | $152,405 |
| Pledges and grants receivable | $11,377 |
| 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 | $3,084 |
| Prepaid expenses and deferred charges | $5,942 |
| Net Land, buildings, and equipment | $807,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $652,294 |
| Other assets | $69,250 |
| Total assets | $1,829,129 |
| Accounts payable and accrued expenses | $666 |
| 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 | $666 |
| Net assets without donor restrictions | $1,828,463 |
| 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 | $1,829,129 |