Loup Loup Ski Education Foundation
- Assets
- $1.5m
- Revenue
- $507.7k
- Investments
- $0.0
- Employees
- 58
- Location
- Twisp, WA
- Founding
- 02/1983
- Data as of
- 06/2022
- EIN
- 91-1187457
Organization Overview
Loup Loup Ski Education Foundation is located in Twisp, WA. The organization was established in 1983. 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 06/2022, Loup Loup Ski Education Foundation employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loup Loup Ski Education 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 06/2022, Loup Loup Ski Education Foundation generated $507.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $779.6k during the year ending 06/2022. 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
EDUCATE LOCAL ATHLETES; PROVIDE LESSONS AND A VENUE FOR ALPINE AND NORDIC SKIING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A SKI HILL FOR THE EDUCATION AND ENJOYMENT OF THE LOCAL COMMUNITY ON A UNITED STATES FOREST SERVICE SPECIAL USE PERMIT AREA, PROVIDE WINTER LESSONS, INSTRUCTION FOR BEGINNING SKIERS AND SNOWBOARDERS, AND A SKI RACE TEAM FOR 20 CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Brown President | OfficerTrustee | 1 | $0 |
Jessica Dewbrey Vice President | OfficerTrustee | 1 | $0 |
Steve Nelson Secretary | OfficerTrustee | 1 | $0 |
Amber Mcauliffe Treasurer | OfficerTrustee | 1 | $0 |
Mike Borowski Director | Trustee | 1 | $0 |
Jeff Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $134,099 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,467 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,566 |
| Total Program Service Revenue | $274,703 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,001 |
| Net Gain/Loss on Asset Sales | $200 |
| Net Income from Fundraising Events | $46,750 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,452 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $507,701 |
| 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. | $53,493 |
| Compensation of current officers, directors, key employees. | $42,794 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,538 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $41,367 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,920 |
| Fees for services: Accounting | $9,153 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,165 |
| Office expenses | $47,752 |
| Information technology | $6,236 |
| Royalties | $0 |
| Occupancy | $24,441 |
| Travel | $9,099 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $547 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,298 |
| Insurance | $61,826 |
| All other expenses | $1,240 |
| Total functional expenses | $779,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,172 |
| Savings and temporary cash investments | $80,072 |
| 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 | $1,313,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,487,812 |
| Accounts payable and accrued expenses | $3,895 |
| 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 | $228,183 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $232,078 |
| Net assets without donor restrictions | $1,255,734 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,487,812 |