Civic Intelligence

New York Ski Educational Foundation Inc

EIN 14-1577846 • 501(c)3 • Wilmington, NY

Profile

The Organization operates training programs and facilities at four venues in the Adirondacks to provide opportunities for atheletes of all ages to reach their potential in snow sports.

PO Box 300 Whiteface MountainWilmington, NY 12997

n/A

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.15x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.17x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

55th percentile

7.0%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

82nd percentile

23%

Faster asset growth than 82% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

32%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,354,306

Up $1,017,802 (+23%) from 2023

Liabilities

Up

$778,550

Up $304,833 (+64%) from 2023

Net Assets

Up

$4,575,756

Up $712,969 (+18%) from 2023

Revenue

Up

$4,613,584

Up $1,116,666 (+32%) from 2023

Expenses

Up

$4,292,578

Up $520,325 (+14%) from 2023

Net Income

Up

$321,006

Up $596,341 (+217%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,786,455Liabilities 2011: $37,709Net Assets 2011: $1,748,7462011Assets 2012: $1,887,428Liabilities 2012: $31,833Net Assets 2012: $1,855,5952012Assets 2013: $1,880,054Liabilities 2013: $51,961Net Assets 2013: $1,828,0932013Assets 2014: $2,080,155Liabilities 2014: $17,467Net Assets 2014: $2,062,6882014Assets 2015: $2,108,849Liabilities 2015: $55,916Net Assets 2015: $2,052,9332015Assets 2016: $2,391,818Liabilities 2016: $59,836Net Assets 2016: $2,331,9822016Assets 2017: $2,634,623Liabilities 2017: $47,072Net Assets 2017: $2,587,5512017Assets 2018: $2,865,502Liabilities 2018: $51,803Net Assets 2018: $2,813,6992018Assets 2019: $3,190,213Liabilities 2019: $261,449Net Assets 2019: $2,928,7642019Assets 2020: $3,548,319Liabilities 2020: $324,536Net Assets 2020: $3,223,7832020Assets 2021: $4,589,621Liabilities 2021: $274,811Net Assets 2021: $4,314,8102021Assets 2022: $4,134,679Liabilities 2022: $129,954Net Assets 2022: $4,004,7252022Assets 2023: $4,336,504Liabilities 2023: $473,717Net Assets 2023: $3,862,7872023Assets 2024: $5,354,306Liabilities 2024: $778,550Net Assets 2024: $4,575,7562024

Highlighted filing

2024

Assets$5,354,306
Liabilities$778,550
Net Assets$4,575,756

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,641,435Expenses 2011: $1,494,089Net Income 2011: $147,3462011Revenue 2012: $1,498,328Expenses 2012: $1,357,069Net Income 2012: $141,2592012Revenue 2013: $1,397,032Expenses 2013: $1,424,534Net Income 2013: -$27,5022013Revenue 2014: $1,780,241Expenses 2014: $1,545,646Net Income 2014: $234,5952014Revenue 2015: $1,932,312Expenses 2015: $1,942,067Net Income 2015: -$9,7552015Revenue 2016: $2,320,028Expenses 2016: $2,040,979Net Income 2016: $279,0492016Revenue 2017: $2,352,710Expenses 2017: $2,097,141Net Income 2017: $255,5692017Revenue 2018: $2,519,004Expenses 2018: $2,292,856Net Income 2018: $226,1482018Revenue 2019: $3,174,272Expenses 2019: $3,059,207Net Income 2019: $115,0652019Revenue 2020: $3,374,162Expenses 2020: $3,079,143Net Income 2020: $295,0192020Revenue 2021: $3,879,401Expenses 2021: $3,097,754Net Income 2021: $781,6472021Revenue 2022: $3,725,002Expenses 2022: $3,626,266Net Income 2022: $98,7362022Revenue 2023: $3,496,918Expenses 2023: $3,772,253Net Income 2023: -$275,3352023Revenue 2024: $4,613,584Expenses 2024: $4,292,578Net Income 2024: $321,0062024

Highlighted filing

2024

Revenue$4,613,584
Expenses$4,292,578
Net Income$321,006

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.35$0.78$4.58$4.61$4.29$0.32
2023Detailed filing. Detailed filing data is available for this year.$4.34$0.47$3.86$3.50$3.77$0.28
2022Detailed filing. Detailed filing data is available for this year.$4.13$0.13$4.00$3.73$3.63$0.10
2021Detailed filing. Detailed filing data is available for this year.$4.59$0.27$4.31$3.88$3.10$0.78
2020Detailed filing. Detailed filing data is available for this year.$3.55$0.32$3.22$3.37$3.08$0.30
2019Detailed filing. Detailed filing data is available for this year.$3.19$0.26$2.93$3.17$3.06$0.12
2018Detailed filing. Detailed filing data is available for this year.$2.87$0.05$2.81$2.52$2.29$0.23
2017Detailed filing. Detailed filing data is available for this year.$2.63$0.05$2.59$2.35$2.10$0.26
2016Detailed filing. Detailed filing data is available for this year.$2.39$0.06$2.33$2.32$2.04$0.28
2015Detailed filing. Detailed filing data is available for this year.$2.11$0.06$2.05$1.93$1.94$0.01
2014Summary only. Only limited summary data is available for this year.$2.08$0.02$2.06$1.78$1.55$0.23
2013Summary only. Only limited summary data is available for this year.$1.88$0.05$1.83$1.40$1.42$0.03
2012Summary only. Only limited summary data is available for this year.$1.89$0.03$1.86$1.50$1.36$0.14
2011Summary only. Only limited summary data is available for this year.$1.79$0.04$1.75$1.64$1.49$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$4,643,710
Mission and Program Overview

Mission

The organization trains 6 to 21 year olds in alpine winter sports at four venues int he Adirondacks fro loca, regional, national and international competition.

The Organization operates training programs and facilities at five venues in the Adirondacks and Catskills to provide opportunities for athletes of all ages to reach their potential in snow sports.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$3,105,938-
Land, Buildings, and Equipment, Net$1,020,285$1,643,734▲ $623,449
Savings and Temporary Cash Investments$3,035,125$340,136▼ $2,694,989
Prepaid Expenses and Deferred Charges$108,906$201,090▲ $92,184
Accounts Receivable$5,495$42,744▲ $37,249
Cash and Non-Interest-Bearing Accounts$166,693$18,501▼ $148,192
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,336,504$5,354,306▲ $1,017,802
Other Assets Total-$2,163-
Liabilities
Deferred Revenue$377,563$583,500▲ $205,937
Accounts Payable and Accrued Expenses$96,154$192,750▲ $96,596
Other Liabilities-$2,300-
Total Liabilities$473,717$778,550▲ $304,833
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,510,468$4,086,368▲ $575,900
Net Assets With Donor Restrictions$352,319$489,388▲ $137,069
Total Net Assets Fund Balance$3,862,787$4,575,756▲ $712,969
Total Liabilities and Net Assets / Fund Balance$4,336,504$5,354,306▲ $1,017,802

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$489,228$465,646$954,874
Land$935,364-$935,364
Equipment$151,908$361,789$513,697
Other Land Buildings$67,234-$67,234

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,290,097-▲ $433,720$60,000$2,663,817
2022$2,144,087-▲ $146,010-$2,290,097
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John NortonExecutive DirectorFT$105,068$15,785$120,853

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$958,285
Program Service Revenue
$3,417,211
Investment Income
$105,840
Other Revenue
$132,248
All Other Contributions
$958,285
Change in Net Assets
$321,006

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$615,000fair value
Total Noncash Contributions1$615,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,498,384
Revenue Not Reported on Financial Statements
$115,200
Revenue Not Reported on Form 990
$445,942
Other Revenue Adjustments
$115,200
Total Revenue per Audited Statements
$4,944,326
Total Revenue per Form 990
$4,613,584
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,257,098
Other Expenses$1,920,280
Grants and Similar Amounts Paid$115,200
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,745,828$57,882-$1,803,710
All Other Expenses$294,471$14,300-$308,771
Travel$298,042--$298,042
Payroll Taxes$191,460$9,973-$201,433
Other Expenses$168,300--$168,300
Other Employee Benefits$136,673$7,102-$143,775
Grants to Domestic Individuals$115,200--$115,200
Current Officers, Directors, Trustees, and Key Employees$71,399$36,781-$108,180
Insurance$92,417--$92,417
Depreciation Depletion$61,522--$61,522
Office Expenses-$42,559-$42,559
Total Functional Expenses$4,123,981$168,597$0$4,292,578

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,292,578
Total Expenses per Audited Statements$4,197,220
Expenses per Audited Statements$4,177,378
Expenses Not Reported on Financial Statements$115,200
Other Expense Adjustments$115,200
Expenses Not Reported on Form 990$19,842
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$138,267
Fundraising Direct Expenses$19,842
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Summer Benefit$64,030$64,030$7,640$56,390
CHAIRMAN'S HOLIDAY PARTY$30,628$30,628$255$30,373
Total Events$138,267$138,267$19,842$118,425
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
operating lease liability$2,300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
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, Section B, Line 11B

Distributed electronically to Board Members for review.

Form 990, Part VI, Section B, Line 12C

Annual review of conflicts and determination of treatment of such conflicts.

Form 990, Part VI, Section C, Line 19

Upon request.

Filing and Contact Details

Filer

Filer Name
New York Ski Educational Foundation Inc
EIN
14-1577846
Phone
5189467001
Address
PO BOX 300 WHITEFACE MOUNTAIN, WILMINGTON, NY 12997

Signing Officer

Name
Greg Harden
Title
Chair
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Formed
1975
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
16
Employees
177
Volunteers
12

Preparer

Firm
Martindale Keysor & Co PLLC
Address
20 Miller Street, Plattsburgh, NY 12901
Preparer
Kevin W Roser
Phone
5185637717
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The funds will be used in the continuing operation of the New York Ski Educational Foundation.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

fundraising expense netted with revenue $19842

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

SCHOLARSHIPS $115200

Part XII, Line 2D: Other expenses and losses per audited F/S

fundraising expense netted with revenue $19842

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

SCHOLARSHIPS $115200

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