Civic Intelligence

Mount Snow Ski Educational Foundation

990 • Fiscal year 2019 • EIN 03-0228080

Jul 01, 2018 to Jun 30, 2019 • Filed on May 18, 2020

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

93rd percentile

1.10x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

0.95x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

19th percentile

-12%

Higher net margin than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

77th percentile

$124,750

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

63rd percentile

7.9%

Faster asset growth than 63% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

60th percentile

8.4%

Faster revenue growth than 60% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,454,383

Up $106,272 (+7.9%) from 2018

Net Assets

Down

-$152,062

Down $204,222 (-392%) from 2018

Liabilities

Up

$1,606,445

Up $310,494 (+24%) from 2018

Revenue

Up

$1,698,107

Up $131,605 (+8.4%) from 2018

Expenses

Up

$1,902,329

Up $293,994 (+18%) from 2018

Net Income

Down

-$204,222

Down $162,389 (-388%) from 2018

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

2019

Assets$1,454,383
Liabilities$1,606,445
Net Assets-$152,062

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

2019

Revenue$1,698,107
Expenses$1,902,329
Net Income-$204,222
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 18, 2020
Return Version
2018v3.1
Gross Receipts
$1,719,831
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$1,269,878$1,317,189▲ $47,311
Cash and Non-Interest-Bearing Accounts$56,670$71,201▲ $14,531
Prepaid Expenses and Deferred Charges$16,053$34,599▲ $18,546
Accounts Receivable$5,510$31,394▲ $25,884
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$1,348,111$1,454,383▲ $106,272
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,107,490$1,241,256▲ $133,766
Deferred Revenue$156,641$246,500▲ $89,859
Accounts Payable and Accrued Expenses$31,820$118,689▲ $86,869
Total Liabilities$1,295,951$1,606,445▲ $310,494
Net Assets / Fund Balance
Unrestricted Net Assets$52,160$-152,062▼ $204,222
Total Net Assets Fund Balance$52,160$-152,062▼ $204,222
Total Liabilities and Net Assets / Fund Balance$1,348,111$1,454,383▲ $106,272

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,053,251$167,819$1,221,070
Land$170,000-$170,000
Other Land Buildings$70,974$29,741$100,715
Leasehold Improvements$22,964$1,210$24,174
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Todd OrmistonHeadmasterFT$124,750$124,750

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$192,933
Program Service Revenue
$1,383,628
Investment Income
$0
Other Revenue
$121,546
All Other Contributions
$192,933
Change in Net Assets
$-204,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,031,393
Other Expenses$740,423
Grants and Similar Amounts Paid$130,513
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$464,154$333,500-$797,654
Travel$197,485$5,067-$202,552
Grants to Domestic Individuals$130,513--$130,513
Current Officers, Directors, Trustees, and Key Employees$72,600$52,150-$124,750
All Other Expenses$57,240$40,570-$97,810
Payroll Taxes$45,653$33,059-$78,712
Occupancy$53,165$3,468-$56,633
Interest$49,106$5,456-$54,562
Depreciation Depletion$47,581$5,287-$52,868
Other Expenses$32,885$8,766-$32,885
Other Employee Benefits$11,946$8,651-$20,597
Fees for Services Legal-$18,613-$18,613
Pension Plan Contributions$5,614$4,066-$9,680
Advertising$7,310--$7,310
Office Expenses-$1,689-$1,689
Total Functional Expenses$1,293,657$608,672$0$1,902,329
International Activity

International Summary

Employees
4
Spending
$54,569

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram servicesAlpine ski training02$35,283
North AmericaProgram servicesAlpine ski training02$19,286
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$143,270
Fundraising Direct Expenses$21,724
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Auction Gala$111,384$111,384-$111,384
Activity Center$26,250$26,250-$26,250
Total Events$143,073$143,073$21,724$121,349
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
2020-05-18
Discuss with paid preparer
Yes

Organization Details

Formed
1972
Legal Domicile
Vt
Voting Board Members
12
Independent Board Members
11
Employees
72

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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