Loveland Ski Club Inc
- Assets
- $367.0k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 54
- Location
- Georgetown, CO
- Founding
- 02/1978
- Data as of
- 05/2022
- EIN
- 84-0746686
Organization Overview
Loveland Ski Club Inc is located in Georgetown, CO. The organization was established in 1978. As of 05/2022, 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 05/2022, Loveland Ski Club Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.4m during the year ending 05/2022. While expenses have increased by 8.6% 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
THE ORGANIZATION PROVIDES COACHING AND TRAINING TO AMATEUR SKI RACERS AT THE LOVELAND BASIN 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 BASIN SKI AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Wordley Treasurer | Officer | 0 | $0 |
Ed Green Second Vice President | Officer | 0 | $0 |
Scott Graham Program Director | Officer | 0 | $0 |
Tamara Murphy President | Officer | 0 | $0 |
Tom Lally First Vice President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $306,073 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,023 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $394,096 |
| Total Program Service Revenue | $952,241 |
| Investment income | $2,042 |
| 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 | $1,348,379 |
| 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. | $25,645 |
| Compensation of current officers, directors, key employees. | $12,823 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $746,949 |
| Pension plan accruals and contributions | $10,609 |
| Other employee benefits | $53,326 |
| Payroll taxes | $65,627 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,804 |
| Fees for services: Accounting | $20,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,286 |
| Office expenses | $13,674 |
| Information technology | $8,625 |
| Royalties | $0 |
| Occupancy | $15,362 |
| Travel | $57,331 |
| 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 | $5,399 |
| Insurance | $12,876 |
| All other expenses | $35,278 |
| Total functional expenses | $1,403,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,214 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,441 |
| 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 | $17,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $367,022 |
| Accounts payable and accrued expenses | $69,205 |
| 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 | $69,205 |
| 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 | $297,817 |
| Total liabilities and net assets/fund balances | $367,022 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Loveland Ski Club Inc has recieved totaling $681.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $681 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Of America Wrestling Association Colorado Springs, CO | $12,261,611 | $11,087,912 |
U S Speedskating Kearns, UT | $2,498,411 | $5,191,003 |
Loveland Ski Club Inc Georgetown, CO | $367,022 | $1,348,379 |
Norco Juniors Inc Loveland, CO | $15,170,300 | $4,725,133 |
Sunkist Kids Wrestling Club Inc Phoenix, AZ | $51,140 | $922,214 |
Arizona High School Rodeo Association Inc San Tan Valley, AZ | $222,584 | $884,408 |
Gymnastics Club Inc Bartlesville, OK | $920,727 | $713,653 |
United States Handball Association Tucson, AZ | $3,996,208 | $1,287,285 |
Team Evergreen Bicycle Club Inc Evergreen, CO | $0 | $409,404 |
Sokol South Omaha Omaha, NE | $2,662,177 | $320,174 |
Premier Booster Club Omaha, NE | $146,303 | $242,964 |
Bicycle Racing Association Of Colorado Littleton, CO | $81,605 | $0 |