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 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $17.1m during the year ending 04/2022. While expenses have increased by 5.0% 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.
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.
FLIGHT TRAINING GRANT PROGRAM - PROVIDES GRANTS TO ATHLETES THAT PURSUE PILOT CERTIFICATES AND RATINGS.
SCHOLARSHIP PROGRAM - A RESTRICTED DONATION WAS USED TO ESTABLISH A SCHOLARSHIP FUND FOR ATHLETES. DURING THE PAST YEAR 89 SCHOLARSHIPS WERE AWARDED.
JEFF SHIFFRIN ATHLETE RESILIENCY FUND - NEED-BASED, DIRECT-TO-ATHLETE STIPENDS THAT HELP SUPPORT ALL ASPECTS OF ATHLETES' SPORTS CAREERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dune Thorne President | OfficerTrustee | 2 | $0 |
Brad Harrington Vice President | OfficerTrustee | 1 | $0 |
Alexandra Jennison Vice President | OfficerTrustee | 1 | $0 |
Duke Rohlen Vice President | OfficerTrustee | 1 | $0 |
Alan Gregory Trustee | Trustee | 1 | $0 |
Alan Airth Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Corez Operations Llc Ny Ski And Snowboard Ball Event Producti | 4/29/20 | $184,427 |
National Ski Areas Association Gold Pass Royalty | 4/29/20 | $526,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,653,081 |
| 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 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 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 |
| 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 |
| Total liabilities and net assets/fund balances | $1,603,454 |
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 |
USA NORDIC SPORT PURPOSE: ATHLETIC DEVELOPMENT | $200,000 |
US SNOWBOARD RACING TEAM PURPOSE: ATHLETIC DEVELOPMENT | $10,625 |
USASA FOUNDATION PURPOSE: ATHLETIC DEVELOPMENT | $17,000 |