Ski For Light Inc
- Assets
- $781.6k
- Revenue
- $199.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 03/1976
- Data as of
- 06/2021
- EIN
- 51-0175938
Organization Overview
Ski For Light Inc is located in Minneapolis, MN. The organization was established in 1976. 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. Ski For Light 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, Ski For Light Inc generated $199.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $35.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (28.4%) per year over the past 6 years. 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
CONDUCT CROSS COUNTRY SKI PROGRAM FOR VISUALLY AND MOBILITY IMPAIRED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKI FOR LIGHT HOSTED A VIRTUAL 2021 INTERNATIONAL EVENT ON THE ZOOM PLATFORM, JANUARY 27-30, 2021. 438 PEOPLE REGISTERED FOR THE EVENT, INCLUDING 140 FIRST-TIME PARTICIPANTS. AN IN-PERSON INTERNATIONAL WEEK WAS CANCELLED DUE TO SAFETY CONCERNS RELATED TO THE COVID-19 PANDEMIC.
RIDDERRENN: SKI FOR LIGHT DID NOT SEND A TEAM TO THE 2021 RIDDERRENNET IN NORWAY DUE TO TRAVEL RESTRICTIONS CAUSED BY THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Coppens Vice-President | OfficerTrustee | 10 | $0 |
Krista Erickson Secretary | OfficerTrustee | 10 | $0 |
Brenda Seeger Treasurer | OfficerTrustee | 15 | $0 |
Marion Elmquist Immediate Past President | OfficerTrustee | 4 | $0 |
Michael Evelo Director At Large | OfficerTrustee | 5 | $0 |
Robert Hartt Director At Large | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,999 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $135,544 |
| Noncash contributions included in lines 1a–1f | $11,999 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,543 |
| Total Program Service Revenue | $0 |
| Investment income | $9,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,232 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $789 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,174 |
| 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. | $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 | $25 |
| Fees for services: Accounting | $10,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,595 |
| Fees for services: Other | $0 |
| Advertising and promotion | $236 |
| Office expenses | $10,420 |
| Information technology | $532 |
| 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 | $197 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,569 |
| All other expenses | $0 |
| Total functional expenses | $35,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,889 |
| Savings and temporary cash investments | $190,603 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,725 |
| 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 | $532,356 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $781,573 |
| Accounts payable and accrued expenses | $9,404 |
| 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 | $9,404 |
| Net assets without donor restrictions | $239,813 |
| Net assets with donor restrictions | $532,356 |
| 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 | $781,573 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ski For Light Inc has recieved totaling $75,067.
| Awarding Organization | Amount |
|---|---|
Flatley Foundation Braintree, MA PURPOSE: UNRESTRICTED | $75,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Endowment Analysis
| Beg. Balance | $423,987 |
| Earnings | $109,838 |
| Admin Expense | $3,595 |
| Net Contributions | $2,125 |
| Ending Balance | $532,355 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Loppet Foundation Inc Minneapolis, MN | $4,982,965 | $3,219,111 |
American Birkebeiner Ski Foundation Inc Hayward, WI | $7,179,042 | $2,764,424 |
United Heroes League Hastings, MN | $3,084,310 | $3,081,953 |
Eagan Hockey Association Incorporated Eagan, MN | $236,242 | $1,165,383 |
Moorhead Youth Hockey Assn Moorhead, MN | $7,603,734 | $2,426,277 |
Fargo Hockey Association Fargo, ND | $1,287,012 | $1,819,619 |
Milwaukee Jr Admirals Inc Milwaukee, WI | $378,879 | $1,815,838 |
Wisconsin Amateur Hockey Association Inc Mequon, WI | $1,631,368 | $1,828,064 |
Edina Hockey Association Edina, MN | $768,078 | $1,616,429 |
District 284 Youth Hockey Association Golden Valley, MN | $1,155,590 | $1,715,832 |
Dickinson Youth Activities Inc Dickinson, ND | $2,700,930 | $1,609,260 |
Woodbury Area Hockey Club Woodbury, MN | $1,085,854 | $1,679,280 |