Lake Chelan Ski Club
- Assets
- $313.1k
- Revenue
- $234.8k
- Investments
- $0.0
- Employees
- 34
- Location
- Chelan, WA
- Founding
- 07/1970
- Data as of
- 10/2021
- EIN
- 91-0778788
Organization Overview
Lake Chelan Ski Club is located in Chelan, WA. The organization was established in 1970. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 10/2021, Lake Chelan Ski Club employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Chelan Ski Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2021, Lake Chelan Ski Club generated $234.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $117.8k during the year ending 10/2021. While expenses have increased by 11.8% per year over the past 6 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
THE ORGANIZATION PROVIDES LOW COST WINTER RECREATION TO THE PEOPLE IN THE LAKE CHELAN AREA. THE FACILITY SERVES BETWEEN 2,000 AND 3,000 INDIVIDUALS ANNUALLY. THE ACTIVITIES PROVIDED ARE SKIING, SNOWBOARDING AND SLEDDING, (TUBING). LESSONS ARE PROVIDED FOR THESE ACTIVITIES. THE ORGANIZATION ALSO TEACHES SCHOOL AGE YOUTH TO BE SKI INSTRUCTORS SO THAT THEY CAN TEACH WHILE ATTENDING COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAKE CHELAN SKI CLUB PROVIDES LOW COST WINTER RECREATION TO THE PEOPLE IN THE LAKE CHELAN AREA. THE FACILITY SERVES BETWEEN 2,000 AND 3,000 ANNUALLY. THE ACTIVITIES PROVIDED ARE SKIING, SNOWBOARDING, AND SLEDDING, (TUBING). LESSONS ARE PROVIDED FOR THESE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marty Cochran President | Officer | 20 | $0 |
Shannon Byquist Freels Secretary | Officer | 20 | $0 |
Trent Lyman Treasurer | Officer | 20 | $0 |
Hailey Allen Vice President | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,920 |
| Fundraising events | $1,004 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,464 |
| Total Program Service Revenue | $203,356 |
| Investment income | $5 |
| 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 | $234,825 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,259 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,847 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $800 |
| Fees for services: Accounting | $2,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $730 |
| Advertising and promotion | $582 |
| Office expenses | $2,310 |
| Information technology | $204 |
| 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 | $1,250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,556 |
| All other expenses | $6,464 |
| Total functional expenses | $117,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,228 |
| Savings and temporary cash investments | $0 |
| 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 | $197,838 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $313,066 |
| Accounts payable and accrued expenses | $98 |
| 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 | $15,000 |
| Other liabilities | $9,116 |
| Total liabilities | $24,214 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $288,852 |
| Total liabilities and net assets/fund balances | $313,066 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sun Valley Ski Education Foundation Inc Sun Valley, ID | $6,420,389 | $4,613,457 |
Oregon State Snowmobile Association Bend, OR | $3,168,256 | $2,113,317 |
Anchorage Hockey Association Ltd Anchorage, AK | $283,456 | $2,044,014 |
Mt Bachelor Sports Education Foundation Bend, OR | $3,761,449 | $2,868,671 |
Puget Sound Amateur Icesports Association Tacoma, WA | $12,226 | $1,608,298 |
Washington Ice Skating Association Mountlake Terrace, WA | $5,256,534 | $957,514 |
Anchorage Ski Club Inc Anchorage, AK | $1,107,051 | $1,152,538 |
Alyeska Ski Club Inc Girdwood, AK | $1,171,214 | $1,188,304 |
Hatcher Alpine Xperience Palmer, AK | $1,534,215 | $689,888 |
Far West Ski Association Battle Ground, WA | $779,277 | $801,282 |
South Anchorage Hockey Association Anchorage, AK | $567,628 | $814,114 |
Kenai Peninsula Hockey Association Kenai, AK | $0 | $755,270 |