Colorado Ski Museum Inc
- Assets
- $5.2m
- Revenue
- $313.8k
- Investments
- $0.0
- Employees
- 14
- Location
- Vail, CO
- Founding
- 11/1975
- Data as of
- 04/2023
- EIN
- 51-0167088
Organization Overview
Colorado Ski Museum Inc is located in Vail, CO. The organization was established in 1975. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 04/2023, Colorado Ski Museum Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Ski Museum 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 04/2023, Colorado Ski Museum Inc generated $313.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $449.7k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE, EDUCATE & ENCOURAGE PUBLIC RE SNOWBOARDING LEGACY THROUGH HISTORICAL AND CURRENT ARTIFACTS, ETC. INCLUDING LEGACY OF CO 10TH MTN DIVISION AS PART OF WWII AND BEYOND.
Describe the Organization's Program Activity:
CURATION OF COLORADO SKI MUSEUM PROVIDING VISITORS ADMISSIONS, FILMS, EXHIBITS AND ACCUMULATION AND PRESERVATION OF HISTORICAL SKIING PHOTOGRAPHS, ARTIFACTS, WEBSITE AND CLOTHING. COLORADO SKI MUSEUM ENCOURAGES THE SPORT OF SKIING/SNOWBOARDING THROUGH ITS EXHIBITS, PHOTOGRAPHS AND POSTERS. ALSO PROVIDES A HALL OF FAME EXHIBIT DEDICATED TO THOSE WHO HELPED COLORADO MAKE ADVANCES IN THE SPORT OF SKIING AND SNOWBOARDING. THE COLORADO SKI MUSEUM EDUCATES THE PUBLIC REGARDING THE 10TH MOUNTAIN SKI DIVISION OF THE US ARMY AND ITS HISTORICAL ACTIVITIES. THE COLORADO SKIMUSEUM RECOGNIZES CONTRIBUTORS TO THE SPORT AND IS INVOLVED DIGITIZING 100 HISTORIC FILMS & 300 VIDEOS SPANNING 70 YEARS OF SKI HISTORY IN COLORADO. COLORADO SKI MUSEUM IS ALSO IN THE PROCESS OF EXPANDING AND UPDATING THE FACILITIES FOR EASIER ACCESSAND A BETTER OVERALL EDUCATIONAL EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jen Mason Executive Dir. | Officer | 40 | $114,400 |
Jamie Duke Director | Trustee | 2 | $0 |
Diane Boyer Chairman | OfficerTrustee | 2 | $0 |
Kent Erickson Director | Trustee | 2 | $0 |
Dean Ericson Secretary | OfficerTrustee | 2 | $0 |
Todger Anderson Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $127,098 |
| Fundraising events | $77,255 |
| Related organizations | $0 |
| Government grants | $52,410 |
| All other contributions, gifts, grants, and similar amounts not included above | -$56,914 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,849 |
| Total Program Service Revenue | $12,315 |
| Investment income | $45,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,705 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $38,765 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $313,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $126,460 |
| Compensation of current officers, directors, key employees. | $41,732 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,589 |
| Pension plan accruals and contributions | $10,260 |
| Other employee benefits | $10,120 |
| Payroll taxes | $18,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,793 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,268 |
| Office expenses | $13,872 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,627 |
| Travel | $3,047 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $500 |
| Interest | $28 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,362 |
| Insurance | $4,326 |
| All other expenses | $5,594 |
| Total functional expenses | $449,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,031 |
| Savings and temporary cash investments | $2,244,355 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $19,585 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $104,920 |
| Prepaid expenses and deferred charges | $31,900 |
| Net Land, buildings, and equipment | $2,304,262 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,183,053 |
| Accounts payable and accrued expenses | $23,737 |
| 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 | $6,323 |
| Total liabilities | $30,060 |
| Net assets without donor restrictions | $4,557,548 |
| Net assets with donor restrictions | $595,445 |
| 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 | $5,183,053 |