Civic Intelligence

Okemo Tutorial Program Inc.

990 • Fiscal year 2024 • EIN 03-0336170

Jun 01, 2023 to May 31, 2024 • Filed on Sep 15, 2024

Refreshing map…

53 Main StLudlow, VT 05149

(802) 228-1513

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$1,384,055

Down $18,396 (-1.3%) from 2023

Net Assets

Down

$265,926

Down $158,221 (-37%) from 2023

Liabilities

Up

$1,118,129

Up $139,825 (+14%) from 2023

Revenue And Expenses

Revenue

Up

$2,135,936

Up $204,276 (+11%) from 2023

Expenses

Up

$2,294,157

Up $178,900 (+8.5%) from 2023

Net Income

Up

-$158,221

Up $25,376 (+14%) from 2023

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$0Assets 2012: $655,872Liabilities 2012: $291,594Net Assets 2012: $364,2782012Assets 2013: $717,403Liabilities 2013: $272,786Net Assets 2013: $444,6172013Assets 2014: $662,110Liabilities 2014: $255,710Net Assets 2014: $406,4002014Assets 2015: $756,221Liabilities 2015: $304,784Net Assets 2015: $451,4372015Assets 2016: $733,311Liabilities 2016: $334,020Net Assets 2016: $399,2912016Assets 2017: $869,158Liabilities 2017: $449,819Net Assets 2017: $419,3392017Assets 2018: $1,668,782Liabilities 2018: $1,140,002Net Assets 2018: $528,7802018Assets 2019: $1,538,998Liabilities 2019: $1,040,305Net Assets 2019: $498,6932019Assets 2020: $1,576,281Liabilities 2020: $1,124,763Net Assets 2020: $451,5182020Assets 2021: $1,662,644Liabilities 2021: $1,126,060Net Assets 2021: $536,5842021Assets 2022: $1,559,218Liabilities 2022: $951,474Net Assets 2022: $607,7442022Assets 2023: $1,402,451Liabilities 2023: $978,304Net Assets 2023: $424,1472023Assets 2024: $1,384,055Liabilities 2024: $1,118,129Net Assets 2024: $265,9262024Assets 2025: $1,294,753Liabilities 2025: $1,091,131Net Assets 2025: $203,6222025

Highlighted filing

2024

Assets$1,384,055
Liabilities$1,118,129
Net Assets$265,926

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $891,711Expenses 2012: $743,911Net Income 2012: $147,8002012Revenue 2013: $1,011,974Expenses 2013: $932,526Net Income 2013: $79,4482013Revenue 2014: $982,686Expenses 2014: $1,022,052Net Income 2014: -$39,3662014Revenue 2015: $1,190,154Expenses 2015: $1,145,817Net Income 2015: $44,3372015Revenue 2016: $1,280,274Expenses 2016: $1,333,025Net Income 2016: -$52,7512016Revenue 2017: $1,154,953Expenses 2017: $1,136,267Net Income 2017: $18,6862017Revenue 2018: $1,529,453Expenses 2018: $1,421,352Net Income 2018: $108,1012018Revenue 2019: $1,592,707Expenses 2019: $1,622,871Net Income 2019: -$30,1642019Revenue 2020: $1,616,125Expenses 2020: $1,663,752Net Income 2020: -$47,6272020Revenue 2021: $1,710,780Expenses 2021: $1,625,714Net Income 2021: $85,0662021Revenue 2022: $2,008,018Expenses 2022: $1,936,858Net Income 2022: $71,1602022Revenue 2023: $1,931,660Expenses 2023: $2,115,257Net Income 2023: -$183,5972023Revenue 2024: $2,135,936Expenses 2024: $2,294,157Net Income 2024: -$158,2212024Revenue 2025: $1,899,797Expenses 2025: $1,962,101Net Income 2025: -$62,3042025

Highlighted filing

2024

Revenue$2,135,936
Expenses$2,294,157
Net Income-$158,221
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Sep 15, 2024
Return Version
2023v5.1
Gross Receipts
$2,147,569
Mission and Program Overview

Mission

Okemo Mountain School is a winter sports academy that challenges and supports motivated student-athletes to grow into successful individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,311,745$1,340,956▲ $29,211
Investments in Publicly Traded Securities$22,674$24,752▲ $2,078
Prepaid Expenses and Deferred Charges$17,953$16,771▼ $1,182
Intangible Assets$7,109$6,819▼ $290
Cash and Non-Interest-Bearing Accounts$21,839$4,659▼ $17,180
Savings and Temporary Cash Investments$21,131$-9,902▼ $31,033
Total Assets$1,402,451$1,384,055▼ $18,396
Liabilities
Mortgage Notes Payable Secured by Investment Property$810,442$1,005,149▲ $194,707
Deferred Revenue$76,906$71,389▼ $5,517
Accounts Payable and Accrued Expenses$90,956$41,591▼ $49,365
Total Liabilities$978,304$1,118,129▲ $139,825
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$424,147$265,926▼ $158,221
Total Net Assets Fund Balance$424,147$265,926▼ $158,221
Total Liabilities and Net Assets / Fund Balance$1,402,451$1,384,055▼ $18,396

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$996,607$629,863$1,626,470
Other Land Buildings$106,121$82,516$188,637
Land$131,995-$131,995
Equipment$50,598$51,793$102,391
Leasehold Improvements$55,635$34,333$89,968
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard WhitePresident
Sean OwenVice President
Diane MuellerBoard Emeritus
Edwin KinneyBoard Member
Eliza GreeneBoard Member
Julia FordBoard Member
Mechelle MoranBoard Member
Vicki YurkerwichBoard Member
Lisa ShermanSecretary
Kathleen ValentineTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$140,631
Program Service Revenue
$1,594,739
Investment Income
$7,307
Other Revenue
$393,259
All Other Contributions
$140,631
Change in Net Assets
$-158,221
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,466,454
Other Expenses$767,703
Grants and Similar Amounts Paid$60,000
Total Fundraising Expense$46,602
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,056,262$98,710$37,855$1,192,827
Travel$209,846--$209,846
Payroll Taxes$148,625$13,923$5,368$167,916
Other Employee Benefits$93,567$8,765$3,379$105,711
Insurance$89,626--$89,626
Depreciation Depletion$67,722$290-$68,012
Occupancy$60,090--$60,090
Grants to Domestic Orgs$60,000--$60,000
All Other Expenses$59,258--$59,258
Interest$50,818--$50,818
Other Expenses$38,264--$38,264
Fees for Services Other$19,485$3,110-$22,595
Advertising$10,051--$10,051
Fees for Services Accounting-$3,673-$3,673
Total Functional Expenses$2,119,084$128,471$46,602$2,294,157
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Crown Point Board of Realtors IncChester, VT-Flood relief$45,000
Ludlow Rotary Club IncLudlow, VT-Flood relief$10,000
Windsor County Youth ServicesProctorsville, VT-Flood relief$5,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$188,423
Fundraising Direct Expenses$11,633
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ski Swap$146,528$146,528$108,869$37,659
Winterfest$43,843$43,843-$43,843
Total Events$297,292$297,292$120,502$176,790
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 governing body review Part VI line 11

The Board reviews and approved the 990 prior to filing date.

Conflict of interest policy compliance Part VI line 12C

The Board reviews a disclosure statement annually.

CEO executive director top management comp Part VI line 15A

The Board of Directors performs an annual evaluation of.

Other officer or key employee compensation Part VI line 15B

The Headmaster approved compensation for that individual.

Governing documents etc available to public Part VI line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Okemo Tutorial Program Inc
EIN
03-0336170
Address
53 Main St, Ludlow, VT 05149
Doing Business As
Okemo Mountain School

Signing Officer

Name
Richard White
Title
President
Phone
8022281513
Signed
2024-09-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Richard White
Formed
1991
Legal Domicile
Vt
Voting Board Members
9
Independent Board Members
9
Employees
54
Volunteers
15

Preparer

Firm
Ryan M Gurdak CPA PLC
Address
PO Box 27, Proctorsville, VT 05153
Preparer
Ryan Gurdak
Phone
8022366852
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt098710
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01056262
IRS990/OtherSalariesAndWagesGrp/TotalAmt01192827
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt05368
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013923
IRS990/PayrollTaxesGrp/ProgramServicesAmt0148625
IRS990/PayrollTaxesGrp/TotalAmt0167916
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017953
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016771
IRS990/PrincipalOfficerNm0Richard White
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/Desc0Tuition fees
IRS990/ProgramServiceRevenueGrp/Desc1Training camp and fees
IRS990/ProgramServiceRevenueGrp/Desc2Application fees
IRS990/ProgramServiceRevenueGrp/Desc3Tuition refund insuranc
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01437588
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1127305
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt326646
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01437588
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1127305
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt326646
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0146176
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-143
IRS990/PYOtherExpensesAmt0780139
IRS990/PYOtherRevenueAmt0309725
IRS990/PYProgramServiceRevenueAmt01475902
IRS990/PYRevenuesLessExpensesAmt0-183597
IRS990/PYSalariesCompEmpBnftPaidAmt01335118
IRS990/PYTotalExpensesAmt02115257
IRS990/PYTotalRevenueAmt01931660
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-158221
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021131
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0-9902
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0996607
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0629863
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01626470
IRS990ScheduleD/EquipmentGrp/BookValueAmt050598
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051793
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0102391
IRS990ScheduleD/LandGrp/BookValueAmt0131995
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0131995
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt055635
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt034333
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt089968
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0106121
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt082516
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0188637
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01340956
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0120502
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Ski Swap
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Winterfest
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0146528
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt043843
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0106921
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0297292
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0146528
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt043843
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0106921
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0297292
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0176790
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt011633
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0120502
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0108869
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt04
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt045000
IRS990ScheduleI/RecipientTable/CashGrantAmt15000
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Flood relief
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Flood relief
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Flood relief
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Crown Point Board of Realtors Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Windsor County Youth Services
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Ludlow Rotary Club Inc
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 334
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1756 Main Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt225 Pond Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Chester
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Proctorsville
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Ludlow
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VT
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd005143
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd105153
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd205149
IRS990ScheduleI/Total501c3OrgCnt03
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board reviews and approved the 990 prior to filing date.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board reviews a disclosure statement annually.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$1.09$0.20$1.90$1.96$0.06
2024Detailed filing. Detailed filing data is available for this year.$1.38$1.12$0.27$2.14$2.29$0.16
2023Detailed filing. Detailed filing data is available for this year.$1.40$0.98$0.42$1.93$2.12$0.18
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.56$0.95$0.61$2.01$1.94$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.66$1.13$0.54$1.71$1.63$0.09
2020Summary only. Only limited summary data is available for this year.$1.58$1.12$0.45$1.62$1.66$0.05
2019Summary only. Only limited summary data is available for this year.$1.54$1.04$0.50$1.59$1.62$0.03
2018Summary only. Only limited summary data is available for this year.$1.67$1.14$0.53$1.53$1.42$0.11
2017Summary only. Only limited summary data is available for this year.$0.87$0.45$0.42$1.15$1.14$0.02
2016Summary only. Only limited summary data is available for this year.$0.73$0.33$0.40$1.28$1.33$0.05
2015Summary only. Only limited summary data is available for this year.$0.76$0.30$0.45$1.19$1.15$0.04
2014Summary only. Only limited summary data is available for this year.$0.66$0.26$0.41$0.98$1.02$0.04
2013Summary only. Only limited summary data is available for this year.$0.72$0.27$0.44$1.01$0.93$0.08
2012Summary only. Only limited summary data is available for this year.$0.66$0.29$0.36$0.89$0.74$0.15