The Foundation Steamboat Springs Winter Sports Club is located in Steamboat Springs, CO. The organization was established in 2004. 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. Foundation Steamboat Springs Winter Sports Club 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 04/2022, Foundation Steamboat Springs Winter Sports Club generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $2.0m during the year ending 04/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LONG-TERM FINANCIAL SUPPORT TO THE STEAMBOAT SPRINGS WINTER SPORTS CLUB TO ENSURE THE STABILITY AND SUSTAINABILITY OF ITS HIGH-QUALITY YOUTH PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISING FUNDS TO ENHANCE AND PROVIDE FOR THE LONG-TERM FINANCIAL SUPPORT OF THE STEAMBOAT SPRINGS WINTER SPORTS CLUB (A 501(C)(3) ORGANIZATION) TO ENSURE THE STABILITY AND SUSTAINABILITY OF THE CLUBS HIGH-QUALITY YOUTH AND ATHLETIC DEVELOPMENT PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Hayden President | OfficerTrustee | 0.5 | $0 |
Brian Olson Vp/secretary | OfficerTrustee | 0.5 | $0 |
Ed Macarthur Vp/treasurer | OfficerTrustee | 0.5 | $0 |
Sarah Floyd Officer | Officer | 15 | $0 |
Eric Washburn Director | Trustee | 0.5 | $0 |
Hans Berend Director | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $432,565 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,149,544 |
Noncash contributions included in lines 1a–1f | $6,246 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,582,109 |
Total Program Service Revenue | $0 |
Investment income | $78,297 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $117,630 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,778,036 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,190,843 |
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 | $100,027 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $38,076 |
Fees for services: Other | $3,625 |
Advertising and promotion | $0 |
Office expenses | $2,289 |
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 | $0 |
Insurance | $465 |
All other expenses | $0 |
Total functional expenses | $1,982,734 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $287,258 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $102,994 |
Accounts receivable, net | $18,089 |
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 | $6,688 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $6,318,227 |
Investments—other securities | $598,645 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $207,000 |
Total assets | $7,538,901 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $125,300 |
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 | $125,300 |
Net assets without donor restrictions | $6,797,441 |
Net assets with donor restrictions | $616,160 |
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 | $7,538,901 |
Over the last fiscal year, we have identified 6 grants that The Foundation Steamboat Springs Winter Sports Club has recieved totaling $205,564.
Awarding Organization | Amount |
---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $83,935 |
Aventurine Tree Foundation Wilmington, DE PURPOSE: SCHOLARSHIP FUND AND COACH DEVELOPMENT/EDUCATION PROGRAM | $75,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $25,000 |
American Endowment Foundation Hudson, OH PURPOSE: SPORTS/LEISURE | $20,000 |
Tatar Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $629 |
Beg. Balance | $5,497,802 |
Earnings | -$473,033 |
Net Contributions | $860,371 |
Ending Balance | $5,885,140 |
Organization Name | Assets | Revenue |
---|---|---|
United States Figure Skating Association Colorado Springs, CO | $17,642,833 | $19,148,082 |
Usa Hockey Foundation Colorado Springs, CO | $49,949,218 | $18,128,256 |
Ski And Snowboard Club Vail Vail, CO | $13,295,596 | $9,159,333 |
Steamboat Springs Winter Sports Club Inc Steamboat Springs, CO | $1,668,476 | $5,975,021 |
Aspen Valley Ski-Snowboard Club Inc Aspen, CO | $7,027,806 | $6,714,655 |
Cooper Hill Ski Area Inc Leadville, CO | $7,003,868 | $5,855,683 |
Coyotes Amateur Hockey Association Scottsdale, AZ | $1,010,325 | $4,778,819 |
American Alpine Club Golden, CO | $9,490,812 | $5,208,382 |
Utah Ski Association Salt Lake City, UT | $2,005,466 | $3,369,684 |
Usa Nordic Sport Inc Park City, UT | $182,007 | $3,079,975 |
Littleton Hockey Association Littleton, CO | $1,019,905 | $2,579,388 |
Ussa Investment Fund Park City, UT | $64,423,914 | $5,414,960 |