Park City Ski Educational Foundation
- Assets
- $594.7k
- Revenue
- $138.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Park City, UT
- Founding
- 11/1980
- Data as of
- 05/2022
- EIN
- 87-0360514
Organization Overview
Park City Ski Educational Foundation is located in Park City, UT. The organization was established in 1980. According to its NTEE Classification (N68) the organization is classified as: Winter 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. Park City Ski Educational 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 05/2022, Park City Ski Educational Foundation generated $138.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.5%) each year. All expenses for the organization totaled $1.1m during the year ending 05/2022. 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 ALPINE SKI RACING YOUTH WITH AN ENVIRONMENT OF EDUCATION, COMMUNICATION AND TEAMWORK, WHICH EMPOWERS EACH ATHLETE TO REACH THEIR ATHLETIC, PERSONAL AND ACADEMIC POTENTIAL DURING AND BEYOND THEIR PARK CITY SKI TEAM EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
- IN 2017 WE SUCCESSFULLY LED THE INTEGRATION OF PCSEF AND FIVE OTHER COMMUNITY BASED WINTER SPORTS PROGRAMS INTO THE FORMATION OF PARK CITY SKI & SNOWBOARD (PCSS) UNDER THE LEADERSHIP OF UTAH OLYMPIC LEGACY FOUNDATION. PCSS ASSUMED ALL STAFF AND PROGRAMMING RESPONSIBILITIES FOR PCSEF, WITH PCSEF'S BOARD OF TRUSTEES SERVING AS LEADERSHIP ON THE PCSS BOARD OF MANAGERS. THE PRIMARY DRIVERS FOR THIS MERGER INCLUDED: 1) CREATING BETTER OPPORTUNITIES FOR YOUTH IN THE COMMUNITY TO PURSUE THEIR INTERESTS WITHIN ONE, MULTISPORT PROGRAM VS NAVIGATING FIVE INDEPENDENT PROGRAMS; AND, 2) ESTABLISHING AN ON-MOUNTAIN TRAINING FACILITY THAT THE PROGRAMS COULD CONTROL THE AVAILABILITY OF TRAINING SPACE, QUALITY OF SNOW SURFACE AND EARLY-SEASON ON-SNOW TRAINING. THROUGH THE ULOF AND THE UTAH OLYMPIC PARK, WE DETERMINED THAT THIS FACILITY PROVIDED THE GREATEST OPPORTUNITY TO SUSTAIN WINTER SPORTS IN OUR COMMUNITY. - OVER THE PAST 5 YEARS AND THROUGH THE 2022 SEASON WE HAVE CONTINUED TO SUPPORT PCSS ALPINE THROUGH OUR SCHOLARSHIP FUNDS AND TRANSPORTATION FUNDS, AND PCSS ALPINE HAS OCCUPIED THE PCSEF TEAM ROOM AT THE BASE OF PARK CITY MOUNTAIN RESORT UNDER A LEASE WHEREIN PCSS ALPINE COVERS THE COSTS OF OWNING AND OPERATING THE FACILITY. PCSEF CONTINUES TO HAVE REPRESENTATION ON THE PCSS BOARD AND FINANCE COMMITTEE TO ENSURE THAT PCSS IS MEETING BOTH THE PROGRAMMING GOALS OF THE ALPINE PROGRAM AS WELL AS THE FISCAL RESPONSIBILITIES IN MAINTAINING THE LEGACY OF THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Cumming Treasurer | OfficerTrustee | 1 | $0 |
Jon Eric Greene President | OfficerTrustee | 3 | $0 |
Craig Hoggan Secretary | OfficerTrustee | 1 | $0 |
Brent Nixon Vice Preside | OfficerTrustee | 1 | $0 |
Brodie Pollard Board Member | Trustee | 1 | $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 | $22,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,401 |
| Total Program Service Revenue | $116,004 |
| Investment income | $38 |
| 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 | $138,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $998,594 |
| Grants and other assistance to domestic individuals. | $22,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| 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 | $198 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $53,858 |
| Insurance | $3,330 |
| All other expenses | $32,176 |
| Total functional expenses | $1,111,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,452 |
| Savings and temporary cash investments | $144,663 |
| 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 | $0 |
| Net Land, buildings, and equipment | $368,558 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $594,673 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,192,124 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,192,124 |
| Net assets without donor restrictions | -$742,114 |
| Net assets with donor restrictions | $144,663 |
| 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 | $594,673 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Park City Ski Educational Foundation has recieved totaling $276,126.
| Awarding Organization | Amount |
|---|---|
Gladys & Roland Harriman Foundation New York, NY PURPOSE: GENERAL SUPPORT | $150,000 |
Garen Family Foundation Los Angeles, CA PURPOSE: UNRESTRICTED | $53,750 |
Byrne Family Foundation Trust Dallas, TX PURPOSE: EDUCATION/YOUTH DEVELOPMENT | $33,000 |
Mcguire Family Foundation Park City, UT PURPOSE: TO FULFILL THE PURPOSE OF THE FOUNDATION. | $15,000 |
Lynn And Richard Bleil Charitable Foundation Kamas, UT PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
The Eric T And Elizabeth C Jacobsen Foundation Santa Monica, CA PURPOSE: EDUCATION FOUNDATION IN PARK CITY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Figure Skating Association Colorado Springs, CO | $17,642,833 | $19,148,082 |
Usa Hockey Foundation Colorado Springs, CO | $49,949,218 | $18,128,256 |
Ski And Snowboard Club Vail Vail, CO | $13,295,596 | $9,159,333 |
Steamboat Springs Winter Sports Club Inc Steamboat Springs, CO | $1,668,476 | $5,975,021 |
Aspen Valley Ski-Snowboard Club Inc Aspen, CO | $7,027,806 | $6,714,655 |
Cooper Hill Ski Area Inc Leadville, CO | $7,003,868 | $5,855,683 |
Coyotes Amateur Hockey Association Scottsdale, AZ | $1,010,325 | $4,778,819 |
American Alpine Club Golden, CO | $9,490,812 | $5,208,382 |
Sun Valley Ski Education Foundation Inc Sun Valley, ID | $6,420,389 | $4,613,457 |
Utah Ski Association Salt Lake City, UT | $2,005,466 | $3,369,684 |
Usa Nordic Sport Inc Park City, UT | $182,007 | $3,079,975 |
Littleton Hockey Association Littleton, CO | $1,019,905 | $2,579,388 |