Loveland Ski Club Inc
- Assets
- $401.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 54
- Location
- Georgetown, CO
- Founding
- 02/1978
- Data as of
- 05/2024
- EIN
- 84-0746686
Organization Overview
Loveland Ski Club Inc is located in Georgetown, CO. The organization was established in 1978. As of 05/2024, Loveland Ski Club Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loveland Ski Club 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 05/2024, Loveland Ski Club Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $999.8k during the year ending 05/2024. While expenses have increased by 3.0% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES COACHING AND TRAINING TO AMATEUR SKI RACERS AT THE LOVELAND SKI AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COACHING, TRAINING, LANE TRAINING SERVICES, AND RACE HOSTING FOR YOUTH TO NATIONAL LEVEL SKI RACERS AT THE LOVELAND SKI AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Smith Program Director | OfficerTrustee | 50 | $120,694 |
Chris Peterson 1223 To Current Director | Trustee | 5 | $0 |
Kim Mauthe Director | Trustee | 5 | $0 |
Sara Mihan Director | Trustee | 5 | $0 |
Pip Baehler Director | Trustee | 5 | $0 |
David Verdun End 524 Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,995 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,995 |
| Total Program Service Revenue | $1,057,674 |
| Investment income | $5,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,113,021 |
| 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. | $120,694 |
| Compensation of current officers, directors, key employees. | $12,556 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $472,415 |
| Pension plan accruals and contributions | $10,800 |
| Other employee benefits | $42,640 |
| Payroll taxes | $56,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $39,272 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25,825 |
| Information technology | $10,886 |
| Royalties | $0 |
| Occupancy | $6,839 |
| Travel | $7,305 |
| 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 | $2,183 |
| Insurance | $12,405 |
| All other expenses | $10,546 |
| Total functional expenses | $999,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,901 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,029 |
| 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 | $5,506 |
| Net Land, buildings, and equipment | $13,001 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $401,437 |
| Accounts payable and accrued expenses | $24,231 |
| Grants payable | $0 |
| Deferred revenue | $12,492 |
| 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 | $36,723 |
| 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 | $364,714 |
| Total liabilities and net assets/fund balances | $401,437 |