Civic Intelligence

Mount Snow Ski Educational Foundation

990 • Fiscal year 2017 • EIN 03-0228080

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

PO Box 616West Dover, VT 05356

(802) 464-7669

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.92x

Higher debt load relative to assets than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

0.99x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

18th percentile

-12%

Higher net margin than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

81st percentile

$135,723

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

98th percentile

310%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

86th percentile

49%

Faster revenue growth than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,227,026

Up $928,076 (+310%) from 2016

Net Assets

Down

$93,993

Down $142,592 (-60%) from 2016

Liabilities

Up

$1,133,033

Up $1,070,668 (+1717%) from 2016

Revenue

Up

$1,144,580

Up $377,336 (+49%) from 2016

Expenses

Up

$1,287,172

Up $478,654 (+59%) from 2016

Net Income

Down

-$142,592

Down $101,318 (-245%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $288,832Liabilities 2011: $78,131Net Assets 2011: $210,7012011Assets 2012: $294,959Liabilities 2012: $36,900Net Assets 2012: $258,0592012Assets 2013: $263,006Liabilities 2013: $35,783Net Assets 2013: $227,2232013Assets 2014: $298,243Liabilities 2014: $29,080Net Assets 2014: $269,1632014Assets 2015: $304,095Liabilities 2015: $26,236Net Assets 2015: $277,8592015Assets 2016: $298,950Liabilities 2016: $62,365Net Assets 2016: $236,5852016Assets 2017: $1,227,026Liabilities 2017: $1,133,033Net Assets 2017: $93,9932017Assets 2018: $1,348,111Liabilities 2018: $1,295,951Net Assets 2018: $52,1602018Assets 2019: $1,454,383Liabilities 2019: $1,606,445Net Assets 2019: -$152,0622019Assets 2020: $1,443,919Liabilities 2020: $1,603,053Net Assets 2020: -$159,1342020Assets 2021: $1,320,980Liabilities 2021: $1,396,615Net Assets 2021: -$75,6352021Assets 2022: $1,162,339Liabilities 2022: $1,125,707Net Assets 2022: $36,6322022Assets 2023: $1,463,021Liabilities 2023: $1,361,621Net Assets 2023: $101,4002023

Highlighted filing

2017

Assets$1,227,026
Liabilities$1,133,033
Net Assets$93,993

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $698,826Expenses 2011: $677,063Net Income 2011: $21,7632011Revenue 2012: $646,910Expenses 2012: $600,113Net Income 2012: $46,7972012Revenue 2013: $569,048Expenses 2013: $599,884Net Income 2013: -$30,8362013Revenue 2014: $634,286Expenses 2014: $592,346Net Income 2014: $41,9402014Revenue 2015: $631,410Expenses 2015: $622,714Net Income 2015: $8,6962015Revenue 2016: $767,244Expenses 2016: $808,518Net Income 2016: -$41,2742016Revenue 2017: $1,144,580Expenses 2017: $1,287,172Net Income 2017: -$142,5922017Revenue 2018: $1,566,502Expenses 2018: $1,608,335Net Income 2018: -$41,8332018Revenue 2019: $1,698,107Expenses 2019: $1,902,329Net Income 2019: -$204,2222019Revenue 2020: $1,970,337Expenses 2020: $1,977,409Net Income 2020: -$7,0722020Revenue 2021: $1,834,810Expenses 2021: $1,751,311Net Income 2021: $83,4992021Revenue 2022: $2,046,481Expenses 2022: $1,933,772Net Income 2022: $112,7092022Revenue 2023: $1,363,006Expenses 2023: $1,298,238Net Income 2023: $64,7682023

Highlighted filing

2017

Revenue$1,144,580
Expenses$1,287,172
Net Income-$142,592
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$1,163,515
Mission and Program Overview

Mission

Provide professional training and coaching for middle and high school age students in winter sports.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$134,188$1,182,682▲ $1,048,494
Cash and Non-Interest-Bearing Accounts$163,137$29,866▼ $133,271
Accounts Receivable$846$12,630▲ $11,784
Prepaid Expenses and Deferred Charges$1,976$0▼ $1,976
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$298,950$1,227,026▲ $928,076
Other Assets Total$-1,197$1,848▲ $3,045
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,032,951-
Deferred Revenue$29,100$57,500▲ $28,400
Accounts Payable and Accrued Expenses$33,265$42,582▲ $9,317
Total Liabilities$62,365$1,133,033▲ $1,070,668
Net Assets / Fund Balance
Temporarily Rstr Net Assets$97,000--
Unrestricted Net Assets$139,585$93,993▼ $45,592
Total Net Assets Fund Balance$236,585$93,993▼ $142,592
Total Liabilities and Net Assets / Fund Balance$298,950$1,227,026▲ $928,076

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$947,682$88,162$1,035,844
Land$170,000-$170,000
Other Land Buildings$65,000$7,947$72,947
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Todd OrmistonHead of SchoolFT$135,723$135,723
Lynne SullivanHead AcademicsFT$50,010$50,010

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$178,438
Program Service Revenue
$887,507
Investment Income
$0
Other Revenue
$78,635
All Other Contributions
$178,438
Change in Net Assets
$-142,592
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$799,107
Other Expenses$418,140
Grants and Similar Amounts Paid$69,925
Total Fundraising Expense$21,692
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$362,096$169,773$6,300$538,169
Current Officers, Directors, Trustees, and Key Employees$126,298$59,435-$185,733
All Other Expenses$61,353$32,854$11,969$106,176
Grants to Domestic Individuals$69,925--$69,925
Payroll Taxes$19,850$33,142-$52,992
Occupancy$46,676$3,843-$50,519
Travel$41,330--$41,330
Other Expenses$28,500$24,438$3,423$28,500
Depreciation Depletion$21,881$2,431-$24,312
Interest$20,752$2,306-$23,058
Other Employee Benefits-$22,213-$22,213
Advertising$11,105--$11,105
Total Functional Expenses$885,925$379,555$21,692$1,287,172
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$97,570
Fundraising Direct Expenses$18,935
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Auction Gala$97,570$97,570$18,694$78,876
Total Events$97,570$97,570$18,935$78,635
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Two trustees are related.

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the form 990 is provided to a committee of the governing body. The return is always available for all members of the governing body to review.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation of top management officials is reviewed by the board using comparative data.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation of top management officials is reviewed by the board using comparative data.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents, conflicts of interest policy and financial statements available to the public upon written request to the directors.

Filing and Contact Details

Filer

Filer Name
Mount Snow Ski Educational
EIN
03-0228080
Phone
8024647669
Address
PO Box 616, West Dover, VT 05356

Signing Officer

Name
Robert McHugh
Title
Treasurer
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1972
Legal Domicile
Vt
Voting Board Members
11
Independent Board Members
11
Employees
52

Preparer

Firm
Love Cody & Company CPAs PC
Address
PO Box 319, Bennington, VT 05201-0319
Preparer
Stephen C Love CPA
Phone
8024425552
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