United States Ski Team Foundation
- Assets
- $9.3m
- Revenue
- $17.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Park City, UT
- Founding
- 11/1964
- Data as of
- 04/2022
- EIN
- 84-6030639
Organization Overview
United States Ski Team Foundation, operating under the name United States Ski and Snowboard Team Foundation, is located in Park City, UT. The organization was established in 1964. According to its NTEE Classification (N60) the organization is classified as: Amateur 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. United States Ski and Snowboard Team 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 04/2022, United States Ski and Snowboard Team Foundation generated $17.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $17.1m during the year ending 04/2022. While expenses have increased by 5.7% 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.
Since 2015, United States Ski and Snowboard Team Foundation has awarded 17 individual grants totaling $46,289,061. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BENEFIT AND SUPPORT WORLD-CLASS SKIING AND SNOWBOARDING, INCLUDING COACHING AND TRAINING ATHLETES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED STATES SKI TEAM - TO PROVIDE FUNDING FOR THE TRAINING, COACHING, AND COMPETITION COSTS OF UNITED STATES SKI AND SNOWBOARD TEAM ATHLETES AND DEVELOPMENT PROGRAMS FOR ATHLETES ASPIRING TO MAKE THE UNITED STATES SKI AND SNOWBOARD TEAMS.
SCHOLARSHIP PROGRAM - A RESTRICTED DONATION WAS USED TO ESTABLISH A SCHOLARSHIP FUND FOR ATHLETES. DURING THE PAST YEAR 97 SCHOLARSHIPS WERE AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trisha Worthington Chief Development Officer | 40 | $264,222 | |
Tiger Shaw CEO | OfficerTrustee | 8 | $101,312 |
Brooke Mcaffee Cfo/secretary/treasurer | Officer | 8 | $61,999 |
Sophie Goldschmidt CEO | Officer | 8 | $11,261 |
Dune Thomas President | OfficerTrustee | 2 | $0 |
Brad Harrington Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Ski Areas Association Gold Pass Royalty | 4/29/20 | $526,875 |
Corez Operations Llc Ny Ski And Snowboard Ball Event Producti | 4/29/20 | $184,427 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,991,716 |
| Related organizations | $244,798 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,416,567 |
| Noncash contributions included in lines 1a–1f | $2,669,935 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,653,081 |
| Total Program Service Revenue | $0 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,170 |
| Net Income from Fundraising Events | -$411,462 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,246,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,842,898 |
| Grants and other assistance to domestic individuals. | $472,105 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $483,304 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $611,291 |
| Pension plan accruals and contributions | $18,229 |
| Other employee benefits | $54,887 |
| Payroll taxes | $80,332 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $287,833 |
| Advertising and promotion | $34,000 |
| Office expenses | $114,626 |
| Information technology | $25,000 |
| Royalties | $0 |
| Occupancy | $35,000 |
| Travel | $172,893 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $397,794 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $373 |
| Insurance | $25,000 |
| All other expenses | $0 |
| Total functional expenses | $17,088,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,725,387 |
| Pledges and grants receivable | $769,999 |
| Accounts receivable, net | $715,081 |
| 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 | $51,500 |
| Net Land, buildings, and equipment | $125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,262,092 |
| Accounts payable and accrued expenses | $2,811,436 |
| Grants payable | $0 |
| Deferred revenue | $4,847,202 |
| 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 | $7,658,638 |
| Net assets without donor restrictions | $1,234,788 |
| Net assets with donor restrictions | $368,666 |
| 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 | $9,262,092 |
Grants Awarded
Over the last fiscal year, United States Ski Team Foundation has awarded $9,553,157 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED STATES SKI TEAM INC PURPOSE: ATHLETE DEVELOPMENT | $9,325,532 |
Park City, UT PURPOSE: ATHLETIC DEVELOPMENT | $200,000 |
USASA FOUNDATION PURPOSE: ATHLETIC DEVELOPMENT | $17,000 |
Boston, MA PURPOSE: ATHLETIC DEVELOPMENT | $10,625 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that United States Ski Team Foundation has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Mmk Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Ski Association Park City, UT | $21,124,453 | $32,052,009 |
Usa Volleyball Colorado Springs, CO | $34,648,570 | $30,318,456 |
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |
United States Ski Team Foundation Park City, UT | $9,262,092 | $17,246,819 |
Cherry Hills Country Club Englewood, CO | $65,318,672 | $17,559,884 |
Denver Country Club Denver, CO | $40,162,102 | $13,375,074 |
Columbine Country Club Columbine Valley, CO | $37,675,928 | $14,753,551 |
Troon Country Club Inc Scottsdale, AZ | $27,079,635 | $13,166,586 |
Gamma Phi Beta Sorority Inc Centennial, CO | $31,209,730 | $12,603,697 |
Phoenix Country Club Phoenix, AZ | $16,178,518 | $11,141,268 |
Green Valley Recreation Incorporated Green Valley, AZ | $37,554,278 | $11,520,395 |
United States Of America Rugby Football Union Ltd Glendale, CO | $3,001,625 | $9,970,929 |