Teton Valley Ski Education Foundation
- Assets
- $173.8k
- Revenue
- $395.2k
- Investments
- $0.0
- Employees
- 43
- Location
- Driggs, ID
- Founding
- 12/1995
- Data as of
- 06/2022
- EIN
- 82-0442518
Organization Overview
Teton Valley Ski Education Foundation is located in Driggs, ID. The organization was established in 1995. 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, Teton Valley Ski Education Foundation employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teton Valley Ski Education Foundation 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, Teton Valley Ski Education Foundation generated $395.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $343.7k during the year ending 06/2022. While expenses have increased by 12.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE AN AFFORDABLE WINTER SPORTS PROGRAM FOR YOUNG ATHLETES TO MEET THEIR INDIVIDUAL POTENTIAL FOR EXCELLENCE THROUGH EDUCATION AND OPPORTUNITY FOR COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TVSEF'S EDUCATIONAL PROGRAMS ARE DESIGNED TO INSTILL A LOVE OF WINTER SPORTS THROUGH AFFORDABLE PROGRAMS. WE FOLLOW THE US SKI & SNOWBOARD ASSOCIATION (USSA)'S GUIDELINES ON ATHLETE DEVELOPMENT. TVSEF HAS DEVELOPMENT AND COMPETITION PROGRAMS IN ALPINE (AGE 6-16 YEARS), CROSS COUNTRY (AGE 4-18 YEARS), FREERIDE (AGE 10-18 YEARS), AND SNOWBOARD (AGE 8-18 YEARS). TVSEF HOSTS RACE EVENTS AT GRAND TARGHEE RESORT. RACES INCLUDE TWO ALPINE JACKSON HOLE SKI CLUB SERIES RACES, SNOWBOARD RACES, A CROSS COUNTRY SKI RACE, AS WELL AS AN END-OF-SEASON RACE. THESE RACE EVENTS HOST APPROXIMATELY 600 ATHLETES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Wells Chair | OfficerTrustee | 2 | $0 |
Alex Suckling Vice Chair | OfficerTrustee | 2 | $0 |
Chet Heeger Treasurer | OfficerTrustee | 2 | $0 |
Deb Barracato Secretary | OfficerTrustee | 2 | $0 |
Debise Bertsch Director | Trustee | 2 | $0 |
Sarah Bieber Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $43,274 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,149 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,603 |
| Total Program Service Revenue | $249,950 |
| Investment income | $492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,477 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $725 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $395,247 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,216 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation of current officers, directors, key employees. | $22,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,612 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,400 |
| Payroll taxes | $15,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,769 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,500 |
| Advertising and promotion | $6,080 |
| Office expenses | $2,105 |
| Information technology | $5,873 |
| Royalties | $0 |
| Occupancy | $5,036 |
| Travel | $38,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,993 |
| Interest | $56 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,203 |
| Insurance | $9,861 |
| All other expenses | $4,202 |
| Total functional expenses | $343,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,667 |
| Savings and temporary cash investments | $97,096 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $12,235 |
| Net Land, buildings, and equipment | $7,817 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $173,815 |
| Accounts payable and accrued expenses | $1,936 |
| 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 | $4,667 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,603 |
| Net assets without donor restrictions | $150,135 |
| Net assets with donor restrictions | $17,077 |
| 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 | $173,815 |