Park City Ski Educational Foundation
- Assets
- $574.6k
- Revenue
- $127.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Park City, UT
- Founding
- 11/1980
- Data as of
- 05/2023
- 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 05/2023, Park City Ski Educational Foundation generated $127.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (28.0%) each year. All expenses for the organization totaled $116.9k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (29.3%) per year over the past 8 years. 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
2023
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 2023, WE SUPPORTED THE PARK CITY SKI AND SNOWBOARD (PCSS) WITH THE CONTINUED GROWTH OF THEIR PROGRAM, WITH A SPECIFIC EMPHASIS ON THE ALPINE DIVISION. WE ASSISTED WITH THE EXPANSION OF THE ALPINE TRAINING FACILITIES AT THE UTAH OLYMPIC PARK BY ASSISTING IN THE FUNDING OF THE START HOUSE AND TIMING EQUIPMENT. WE ALSO COMPLETED REPAIRS AND RENOVATIONS TO THE TEAM ROOM AT PARK CITY MOUNTAIN WHICH IS UTILIZED BY THE ATHLETES WHEN TRAINING AT PCM. PCSEF ALSO AWARDED 16,450 IN SCHOLARSHIP AWARDS THIS YEAR TO EIGHT PCSS ALPINE ATHLETES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Cumming Vice Preside | OfficerTrustee | 2 | $0 |
Jon Eric Greene President | OfficerTrustee | 2 | $0 |
Craig Hoggan Secretary | OfficerTrustee | 1 | $0 |
Brent Nixon Treasurer | OfficerTrustee | 12 | $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 | $3,131 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,131 |
| Total Program Service Revenue | $124,000 |
| Investment income | $412 |
| 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 | $127,543 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,450 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,289 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,814 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,108 |
| Insurance | $0 |
| All other expenses | $250 |
| Total functional expenses | $116,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,438 |
| Savings and temporary cash investments | $131,756 |
| 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 | $344,450 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $574,644 |
| 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 | $1,161,463 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,161,463 |
| Net assets without donor restrictions | -$718,574 |
| Net assets with donor restrictions | $131,755 |
| 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 | $574,644 |