Sun Valley Ski Education Foundation Inc
- Assets
- $6.4m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 163
- Location
- Sun Valley, ID
- Founding
- 01/1967
- Data as of
- 06/2022
- EIN
- 82-0264946
Organization Overview
Sun Valley Ski Education Foundation Inc is located in Sun Valley, ID. The organization was established in 1967. 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 06/2022, Sun Valley Ski Education Foundation Inc employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sun Valley Ski Education Foundation 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 06/2022, Sun Valley Ski Education Foundation Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. 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
THE SUN VALLEY SKI EDUCATION FOUNDATION, INC. IS DEDICATED TO PROVIDING WINTER SPORTS PROGRAMS FOR THE YOUTH OF THE WOOD RIVER VALLEY, TO INCLUDE ALL ABILITY AND INTEREST LEVELS, REGARDLESS OF EACH PARTICIPANT'S ECONOMIC LEVEL. THE PRIMARY GOAL OF THE PROGRAM IS TO ASSIST EACH PARTICIPANT IN REACHING HIS/HER DESIRED ATHLETIC AND ACADEMIC POTENTIAL, WHILE DEVELOPING THE LIFELONG SKILLS OF GOAL-SETTING, SELF-DISCIPLINE, SPORTSMANSHIP, AND TIME MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALPINE SKIING PROGRAM
CROSS COUNTRY SKIING PROGRAM
FREESTYLE PROGRAM
OTHER VARIOUS ACADEMIC AND OLYMPIC DEVELOPMENT PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Mcgrew Executive Di | Officer | 40 | $107,500 |
Dave Wilson President | OfficerTrustee | 2 | $0 |
Steve Porino Secretary | OfficerTrustee | 2 | $0 |
Olin Glenne Treasurer | OfficerTrustee | 2 | $0 |
Scott Robinson Vice Preside | OfficerTrustee | 2 | $0 |
Heather Black Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $797,238 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $755,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,552,718 |
| Total Program Service Revenue | $2,664,603 |
| Investment income | $85,911 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $171,294 |
| Net Income from Fundraising Events | -$54,759 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,613,457 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $348,689 |
| 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 | $2,261,212 |
| Pension plan accruals and contributions | $34,760 |
| Other employee benefits | $89,625 |
| Payroll taxes | $170,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,700 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,582 |
| Fees for services: Other | $9,530 |
| Advertising and promotion | $1,251 |
| Office expenses | $135,525 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,062 |
| Travel | $80,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,923 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $204,324 |
| Insurance | $88,974 |
| All other expenses | $128,219 |
| Total functional expenses | $3,902,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,011 |
| Savings and temporary cash investments | $1,480,042 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$320,387 |
| 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 | $31,742 |
| Net Land, buildings, and equipment | $1,609,091 |
| Investments—publicly traded securities | $3,255,890 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,420,389 |
| Accounts payable and accrued expenses | $64,158 |
| Grants payable | $0 |
| Deferred revenue | $155,553 |
| 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 | $16,513 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,500 |
| Total liabilities | $238,724 |
| Net assets without donor restrictions | $0 |
| 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 | $6,181,665 |
| Total liabilities and net assets/fund balances | $6,420,389 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sun Valley Ski Education Foundation Inc has recieved totaling $25,500.
| Awarding Organization | Amount |
|---|---|
William Carey Hay Foundation Inc Sun Valley, ID PURPOSE: TO HELP SUPPORT AND TRAIN ATHLETES TO UNDERSCORE STRONG MINDS, STRONG BODIES, STRONG FUTURES | $25,000 |
Boswell Family Foundation Ketchum, ID PURPOSE: WINTER SPORTS ACTIVITIES FOR YOUTH | $500 |
Endowment Analysis
| Beg. Balance | $3,369,511 |
| Earnings | -$414,203 |
| Net Contributions | $300,582 |
| Ending Balance | $3,255,890 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bridger Bowl Bozeman, MT | $44,447,307 | $17,478,314 |
Sun Valley Ski Education Foundation Inc Sun Valley, ID | $6,420,389 | $4,613,457 |
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 |
Oregon State Snowmobile Association Bend, OR | $3,168,256 | $2,113,317 |
Ussa Investment Fund Park City, UT | $64,423,914 | $5,414,960 |
Bridger Ski Foundation Bozeman, MT | $1,336,581 | $2,042,765 |
Mt Bachelor Sports Education Foundation Bend, OR | $3,761,449 | $2,868,671 |
Puget Sound Amateur Icesports Association Tacoma, WA | $12,226 | $1,608,298 |
Snowbird Sports Education Foundation Inc Holladay, UT | $656,574 | $1,499,179 |
Washington Ice Skating Association Mountlake Terrace, WA | $5,256,534 | $957,514 |
Park City Ski Educational Foundation Park City, UT | $594,673 | $138,443 |