Mt Bachelor Sports Education Foundation
- Assets
- $4.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 137
- Location
- Bend, OR
- Founding
- 01/1984
- Data as of
- 06/2022
- EIN
- 93-0846112
Organization Overview
Mt Bachelor Sports Education Foundation is located in Bend, OR. The organization was established in 1984. 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, Mt Bachelor Sports Education Foundation employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Bachelor Sports 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, Mt Bachelor Sports Education Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 3.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MT. BACHELOR SPORTS EDUCATION FOUNDATION CREATES OPPORTUNITIES THROUGH COMPETETIVE SNOW SPORTS PROGRAMS TO SUPPORT ATHLETES IN ACHIEVING THEIR INDIVIDUAL ATHLETIC, ACADEMIC, AND PERSONAL GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALPINE PROGRAM COACHING AND RACING: THE PROGRAM IS OFFERED TO SKIERS FROM AGE 7 AND UP; IT DEVELOPS CANDIDATES FOR NATIONAL AND OLYMPIC ALPINE COMPETITIONS.
FREERIDE SKI AND SNOWBOARDING: THE PROGRAM ACCEPTS RIDERS 8-20 YEAR OF AGE; IT IS TAILORED TO DEVELOP THEIR FREERIDING, FREESTYLE, CARVING AND COMPETITION SKILLS
NORDIC PROGRAM COACHING AND RACING: THE PROGRAM IS OFFERED TO COMPETITIVE AND NON-COMPETITIVE SKIERS FROM AGE 7 AND UP; IT IS DESIGNED TO DEVELOP THEIR PHYSICAL FITNESS, TECHNIQUE, KNOWLEDGE OF THE SPORT, AND TO FOSTER A LIFELONG APPRECIATION OF NORDIC SKIING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Schueler President | OfficerTrustee | 0 | $0 |
Howard Friedman Vice President | OfficerTrustee | 0 | $0 |
Scott Agnew Director | Trustee | 0 | $0 |
Lea Hart Treasurer | OfficerTrustee | 0 | $0 |
Kyle Wuepper Secretary | OfficerTrustee | 0 | $0 |
Andrew Boone Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $138,381 |
| Related organizations | $0 |
| Government grants | $3,004 |
| All other contributions, gifts, grants, and similar amounts not included above | $483,722 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $625,107 |
| Total Program Service Revenue | $1,307,154 |
| Investment income | $21,613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,351 |
| Net Income from Fundraising Events | $240,735 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,246,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,635 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,185 |
| Compensation of current officers, directors, key employees. | $15,837 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $825,451 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,126 |
| Payroll taxes | $88,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,368 |
| Fees for services: Accounting | $4,027 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,588 |
| Advertising and promotion | $0 |
| Office expenses | $8,944 |
| Information technology | $9,329 |
| Royalties | $0 |
| Occupancy | $55,614 |
| Travel | $53,426 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,599 |
| Insurance | $105,740 |
| All other expenses | $59,822 |
| Total functional expenses | $1,738,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,995 |
| Savings and temporary cash investments | $278,307 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,216 |
| 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 | $11,397 |
| Net Land, buildings, and equipment | $3,754,745 |
| Investments—publicly traded securities | $469,574 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100 |
| Total assets | $4,565,334 |
| Accounts payable and accrued expenses | $146,035 |
| Grants payable | $0 |
| Deferred revenue | $94,291 |
| 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 | $652,017 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $892,343 |
| Net assets without donor restrictions | $3,672,991 |
| 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 | $4,565,334 |