Alf Engen Ski Museum Foundation
- Assets
- $5.8m
- Revenue
- $742.9k
- Investments
- $195.4k
- Employees
- 14
- Location
- Park City, UT
- Founding
- 11/1993
- Data as of
- 12/2021
- EIN
- 87-0513670
Organization Overview
Alf Engen Ski Museum Foundation is located in Park City, UT. The organization was established in 1993. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Alf Engen Ski Museum Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alf Engen Ski Museum 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 12/2021, Alf Engen Ski Museum Foundation generated $742.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $573.1k during the year ending 12/2021. While expenses have increased by 3.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE RICH HISTORY OF SKIING IN THE INTERMOUNTAIN REGION BY PROVIDING A WORLD-CLASS FACILITY, WHICH HIGHLIGHTS THE MANY CONTRIBUTIONS MADE IN SKI AREA DEVELOPMENT, ATHLETIC COMPETITION, SNOW SAFETY, SKI INNOVATION AND SKI TEACHING METHODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATED AND ENTERTAINED 476,500 IN 2021 AT THE ALF ENGEN SKI MUSEUM. GUESTS TOUR THE MUSEUM FREE OF CHARGE AND EXPERIENCE THE INTERACTIVE EXHIBITS. - A VIRTUAL MOUNTAIN SPORTS SIMULATOR AND VIRTUAL SKI JUMP AT A COST OF 5 PER PERSON. EDUCATIONAL FIELD TRIP PROGRAMS WITH NINE SCHOOLS ARE BOOKED FOR THIS SCHOOL YEAR. WE COMPLETED A MAJOR RENOVATION IN DECEMBER 2021 INSTALLING EIGHT NEW EXHIBITS. WE INDUCTED TWO NEW SKI PIONEERS INTO OUR INTERMOUNTAIN SKI HALL OF FAME ON AUGUST 24, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Steele Chairman | OfficerTrustee | 5 | $0 |
Mike C Korologos Vice-Preside | OfficerTrustee | 2 | $0 |
David L Vandehei Chairman Eme | OfficerTrustee | 2 | $0 |
Tom Kelly Chairman Eme | OfficerTrustee | 1 | $0 |
Barbara Yamada Secretary | OfficerTrustee | 5 | $0 |
Michael Maughan Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $65,333 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $215,906 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,622 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $435,861 |
| Total Program Service Revenue | $178,890 |
| Investment income | $85,835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,491 |
| Net Income from Fundraising Events | -$1,263 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $980 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $742,917 |
| 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. | $98,396 |
| Compensation of current officers, directors, key employees. | $44,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,629 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,389 |
| Payroll taxes | $15,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,207 |
| Office expenses | $4,586 |
| Information technology | $1,340 |
| Royalties | $0 |
| Occupancy | $102,476 |
| Travel | $2,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,038 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,438 |
| Insurance | $23,921 |
| All other expenses | $10,443 |
| Total functional expenses | $573,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,364 |
| Savings and temporary cash investments | $82,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,568,664 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,364 |
| Net Land, buildings, and equipment | $998,533 |
| Investments—publicly traded securities | $322,063 |
| Investments—other securities | $195,402 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $188,351 |
| Total assets | $5,753,623 |
| Accounts payable and accrued expenses | $16,932 |
| 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 | $16,932 |
| Net assets without donor restrictions | $5,405,530 |
| Net assets with donor restrictions | $331,161 |
| 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 | $5,753,623 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Alf Engen Ski Museum Foundation has recieved totaling $27,972.
| Awarding Organization | Amount |
|---|---|
Sj And Jessie E Quinney Foundation Salt Lake City, UT PURPOSE: GENERAL FINANCIAL SUPPORT | $18,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $6,222 |
Spencer F And Cleone P Eccles Family Foundation Salt Lake City, UT PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
Gaddis U S R F Salt Lake City, UT PURPOSE: HISTORICAL PRESERVATION | $1,500 |
Perkins-Prothro Foundation Wichita Falls, TX PURPOSE: CONTRIBUTION | $250 |
Endowment Analysis
| Beg. Balance | $174,290 |
| Earnings | $21,112 |
| Ending Balance | $195,402 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |
300 Stewart Avenue Corporation Las Vegas, NV | $56,477,513 | $5,741,723 |
Neon Museum Las Vegas, NV | $8,871,637 | $6,075,872 |
Indian Pueblo Cultural Center Inc Albuquerque, NM | $8,961,229 | $4,518,580 |
National Museum Of Wildlife Art Of The United States Jackson, WY | $41,741,861 | $4,638,003 |
The Leonardo Salt Lake City, UT | $1,888,403 | $4,555,150 |
Childrens Museum Of Phoenix Phoenix, AZ | $9,716,806 | $7,301,894 |
National Museum Of Military Vehicles Dubois, WY | $44,269,511 | $10,295,733 |
Scottsdale Museum Of The West Inc Scottsdale, AZ | $7,668,852 | $7,750,587 |
Nevada Discovery Museum Reno, NV | $13,732,048 | $2,685,261 |
Lion Global Foundation Denver, CO | $27,670,557 | $8,372,189 |