Civic Intelligence

Titcomb Ski Educational Foundation

EIN 01-0366353 • 501(c)3 • Farmington, ME

Profile

The foundation is organized and shall be operated on a non-profit basis to provide opportunities for instruction, coaching, training and enjoyment for alpine skiing, snowboarding, nordic skiing, and other recreational activities undertaken at the titcomb mountain recreation area that is owned and operated by the members of the farmington ski club. The foundation shall provide scholarship funds and otherwise assist those members of the community who would otherwise be unable to participate in these programs and activities for lack of funds. The foundation shall support the development of program and facilities and provide equipment, supplies, and financial support where necessary in order to achieve these purposes.

PO Box 43Farmington, ME 04938

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2018

Net Margin

91st percentile

54%

Higher net margin than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

83rd percentile

34%

Faster asset growth than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

30th percentile

-22%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$154,384

Up $38,749 (+34%) from 2017

Liabilities

Flat

$0

Flat from 2017

Net Assets

Up

$154,384

Up $38,749 (+34%) from 2017

Operations
Liabilities / RevenueScore unavailableNet Margin91st percentile

Revenue

Down

$50,701

Down $14,231 (-22%) from 2017

Expenses

Down

$23,333

Down $17,918 (-43%) from 2017

Net Income

Up

$27,368

Up $3,687 (+16%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth83rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2011: $36,870Net Assets 2011: $36,8702011Assets 2012: $96,207Net Assets 2012: $96,2072012Assets 2016: $91,897Liabilities 2016: $0Net Assets 2016: $91,8972016Assets 2017: $115,635Liabilities 2017: $0Net Assets 2017: $115,6352017Assets 2018: $154,384Liabilities 2018: $0Net Assets 2018: $154,3842018

Highlighted filing

2018

Assets$154,384
Liabilities$0
Net Assets$154,384
Open 2018 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0Revenue 2011: $28,400Expenses 2011: $8,301Net Income 2011: $20,0992011Revenue 2012: $113,985Expenses 2012: $54,648Net Income 2012: $59,3372012Revenue 2016: $80,383Expenses 2016: $50,053Net Income 2016: $30,3302016Revenue 2017: $64,932Expenses 2017: $41,251Net Income 2017: $23,6812017Revenue 2018: $50,701Expenses 2018: $23,333Net Income 2018: $27,3682018

Highlighted filing

2018

Revenue$50,701
Expenses$23,333
Net Income$27,368
Open 2018 Filing

Filings

Most recent year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$154,384
Liabilities
$0
Net assets
$154,384
Revenue
$50,701
Expenses
$23,333
Net income
$27,368
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.51$0.23$0.27
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.16$0.00$1.16$0.65$0.41$0.24
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.00$0.92$0.80$0.50$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.96$1.14$0.55$0.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.37$0.28$0.08$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$50,701
Mission and Program Overview

Mission

The foundation is organized and shall be operated on a non-profit basis to provide opportunities for instruction, coaching, training and enjoyment for alpine skiing, snowboarding, nordic skiing, and other recreational activities undertaken at the titcomb mountain recreation area that is owned and operated by the members of the farmington ski club. The foundation shall provide scholarship funds and otherwise assist those members of the community who would otherwise be unable to participate in these programs and activities for lack of funds. The foundation shall support the development of program and facilities and provide equipment, supplies, and financial support where necessary in order to achieve these purposes.

Program Services

DescriptionGrantsExpenses
THE TITCOMB SKI CLUB EDUCATION FOUNDATION EXISTS TO PROVIDE EDUCATIONAL OPPORTUNITIES AND SCHOLARSHIPS TO SUPPORT ACCESS TO TITCOMB MOUNTAIN SKI AREA. WE CURRENTLY SUPPORT APPROXIMATELY 120 KIDS ANNUALLY FOR VARIOUS LERAN-TO-SKI PROGRAMS AS WELL AS FUND BUS TRANSPORTATION FOR KIDS TO ACCESS THE MOUNTAIN FROM LOCAL SCHOOLS. OUR MAIN FUNDRAISERS INCLUDE THE DUNKIN DONUTS MUG PROGRAM, THE SNOW DANCE, SKI-A-THON, AND GOLF TOURNAMENT. THE FOUNDATION HAS ALSO BEEN THE RECIPIENT OF THE ONION FOUNDATION GRANT TO SUPPORT CAPITAL IMPROVEMENTS TO THE FACILITY AND TO SUPPORT LEARN-TO-SKI AND COMMUNITY FREE SKI EVENTS.-$16,119
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATHERINE YARDLEYPast Preside-$0--
PETER HARDYTreasurer-$0--
RICHARD FORSTERBoard Member-$0--
SARITA CRANDALLSecretary-$0--
GWYN SEWALLBoard Member-$0--
SETH NOONKESTERPresident-$0--
KRISTIN OVERTONVice Preside-$0--
VELDA YAMASHIROBoard Member-$0--
BARRY TRIPPBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Titcomb Ski Educational Foundation
EIN
01-0366353
Address
PO BOX 43, FARMINGTON, ME 04938

Signing Officer

Name
Seth Noonkester
Title
President
Signed
2018-11-12
Discuss with paid preparer
Yes

Preparer

Firm
Andrew K Laslie CPA Pa
Address
130 OAK ST STE 6, ELLSWORTH, ME 04605-1668
Preparer
Andrew K Laslie CPA
Phone
2076696233
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Golf tournament office 5,644 expenses office expenses 320 250 coaching/training 6,432 scholarships 2,808 ski equipment/improvement 1,557 free ski nights 5,322 total 22,333”

Form 990-ez, Part I, Line 20

“Assets not previously listed 11,381”

Form 990-ez, Part II, Line 24

“Due from fsc 0 10,277 total 0 10,277”

Form 990-ez, Part III

“The foundation is organized and shall be operated on a non-profit basis to provide opportunities for instruction, coaching, training and enjoyment for alpine skiing, snowboarding, nordic skiing, and other recreational activities undertaken at the titcomb mountain recreation area that is owned and operated by the members of the farmington ski club. The foundation shall provide scholarship funds and otherwise assist those members of the community who would otherwise be unable to participate in these programs and activities for lack of funds. The foundation shall support the development of program and facilities and provide equipment, supplies, and financial support where necessary in order to achieve these purposes.”

Form 990-ez, Part III, Line 28

“The titcomb ski club education foundation exists to provide educational opportunities and scholarships to support access to titcomb mountain ski area. We currently support approximately 120 kids annually for various leran-to-ski programs as well as fund bus transportation for kids to access the mountain from local schools. Our main fundraisers include the dunkin donuts mug program, the snow dance, ski-a-thon, and golf tournament. The foundation has also been the recipient of the onion foundation grant to support capital improvements to the facility and to support learn-to-ski and community free ski events.”

Raw XML Appendix156 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOLF TOURNAMENT OFFICE 5,644 EXPENSES OFFICE EXPENSES 320 250 COACHING/TRAINING 6,432 SCHOLARSHIPS 2,808 SKI EQUIPMENT/IMPROVEMENT 1,557 FREE SKI NIGHTS 5,322 TOTAL 22,333
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ASSETS NOT PREVIOUSLY LISTED 11,381
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DUE FROM FSC 0 10,277 TOTAL 0 10,277
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION IS ORGANIZED AND SHALL BE OPERATED ON A NON-PROFIT BASIS TO PROVIDE OPPORTUNITIES FOR INSTRUCTION, COACHING, TRAINING AND ENJOYMENT FOR ALPINE SKIING, SNOWBOARDING, NORDIC SKIING, AND OTHER RECREATIONAL ACTIVITIES UNDERTAKEN AT THE TITCOMB MOUNTAIN RECREATION AREA THAT IS OWNED AND OPERATED BY THE MEMBERS OF THE FARMINGTON SKI CLUB. THE FOUNDATION SHALL PROVIDE SCHOLARSHIP FUNDS AND OTHERWISE ASSIST THOSE MEMBERS OF THE COMMUNITY WHO WOULD OTHERWISE BE UNABLE TO PARTICIPATE IN THESE PROGRAMS AND ACTIVITIES FOR LACK OF FUNDS. THE FOUNDATION SHALL SUPPORT THE DEVELOPMENT OF PROGRAM AND FACILITIES AND PROVIDE EQUIPMENT, SUPPLIES, AND FINANCIAL SUPPORT WHERE NECESSARY IN ORDER TO ACHIEVE THESE PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TITCOMB SKI CLUB EDUCATION FOUNDATION EXISTS TO PROVIDE EDUCATIONAL OPPORTUNITIES AND SCHOLARSHIPS TO SUPPORT ACCESS TO TITCOMB MOUNTAIN SKI AREA. WE CURRENTLY SUPPORT APPROXIMATELY 120 KIDS ANNUALLY FOR VARIOUS LERAN-TO-SKI PROGRAMS AS WELL AS FUND BUS TRANSPORTATION FOR KIDS TO ACCESS THE MOUNTAIN FROM LOCAL SCHOOLS. OUR MAIN FUNDRAISERS INCLUDE THE DUNKIN DONUTS MUG PROGRAM, THE SNOW DANCE, SKI-A-THON, AND GOLF TOURNAMENT. THE FOUNDATION HAS ALSO BEEN THE RECIPIENT OF THE ONION FOUNDATION GRANT TO SUPPORT CAPITAL IMPROVEMENTS TO THE FACILITY AND TO SUPPORT LEARN-TO-SKI AND COMMUNITY FREE SKI EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
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Peer Organizations

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