Civic Intelligence

Lake Placid Ski Club Inc

EIN 14-1586544 • 501(c)3 • Lake Placid, NY

Profile

The Lake Placid Ski Club administers a local recreational ski program and supports local athletes in their pursuit of national and international competition representing the United States and Lake Placid, New York.

PO Box 691Lake Placid, NY 12946

n/A

Siviq Scores

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

Liabilities / Assets

76th percentile

0.01x

Higher debt load relative to assets than 76% of similar nonprofits.

NTEE N • <$500k nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.03x

Higher debt load relative to revenue than 82% of similar nonprofits.

NTEE N • <$500k nonprofits • Source year 2024

Net Margin

60th percentile

11%

Higher net margin than 60% of similar nonprofits.

NTEE N • <$500k nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$0

Higher top officer pay than 92% of similar nonprofits.

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

NTEE N • <$500k nonprofits • Source year 2024

Asset Growth

57th percentile

9.9%

Faster asset growth than 57% of similar nonprofits.

NTEE N • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

20%

Faster revenue growth than 69% of similar nonprofits.

NTEE N • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$110,842

Up $9,983 (+9.9%) from 2023

Liabilities

Down

$989

Down $235 (-19%) from 2023

Net Assets

Up

$109,853

Up $10,218 (+10%) from 2023

Revenue

Up

$35,580

Up $5,879 (+20%) from 2023

Expenses

Up

$31,582

Up $1,236 (+4.1%) from 2023

Net Income

Up

$3,998

Up $4,643 (+720%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $49,948Liabilities 2011: $10,916Net Assets 2011: $39,0322011Assets 2012: $41,473Liabilities 2012: $3,808Net Assets 2012: $37,6652012Assets 2013: $41,443Liabilities 2013: $3,259Net Assets 2013: $38,1842013Assets 2014: $57,247Liabilities 2014: $2,815Net Assets 2014: $54,4322014Assets 2015: $53,780Liabilities 2015: $2,603Net Assets 2015: $51,1772015Assets 2016: $63,580Liabilities 2016: $2,433Net Assets 2016: $61,1472016Assets 2017: $75,875Liabilities 2017: $1,798Net Assets 2017: $74,0772017Assets 2018: $85,194Liabilities 2018: $2,054Net Assets 2018: $83,1402018Assets 2019: $93,386Liabilities 2019: $2,246Net Assets 2019: $91,1402019Assets 2020: $92,620Liabilities 2020: $896Net Assets 2020: $91,7242020Assets 2021: $103,764Liabilities 2021: $896Net Assets 2021: $102,8682021Assets 2022: $100,208Liabilities 2022: $989Net Assets 2022: $99,2192022Assets 2023: $100,859Liabilities 2023: $1,224Net Assets 2023: $99,6352023Assets 2024: $110,842Liabilities 2024: $989Net Assets 2024: $109,8532024

Highlighted filing

2024

Assets$110,842
Liabilities$989
Net Assets$109,853

Operations Trend

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

$80K$60K$40K$20K$0-$20KRevenue 2011: $47,311Expenses 2011: $45,580Net Income 2011: $1,7312011Revenue 2012: $30,371Expenses 2012: $31,737Net Income 2012: -$1,3662012Revenue 2013: $39,650Expenses 2013: $39,594Net Income 2013: $562013Revenue 2014: $67,486Expenses 2014: $51,238Net Income 2014: $16,2482014Revenue 2015: $38,057Expenses 2015: $41,312Net Income 2015: -$3,2552015Revenue 2016: $42,339Expenses 2016: $33,643Net Income 2016: $8,6962016Revenue 2017: $38,856Expenses 2017: $29,414Net Income 2017: $9,4422017Revenue 2018: $36,229Expenses 2018: $27,166Net Income 2018: $9,0632018Revenue 2019: $31,500Expenses 2019: $23,500Net Income 2019: $8,0002019Revenue 2020: $31,213Expenses 2020: $30,629Net Income 2020: $5842020Revenue 2021: $14,024Expenses 2021: $2,880Net Income 2021: $11,1442021Revenue 2022: $15,661Expenses 2022: $18,906Net Income 2022: -$3,2452022Revenue 2023: $29,701Expenses 2023: $30,346Net Income 2023: -$6452023Revenue 2024: $35,580Expenses 2024: $31,582Net Income 2024: $3,9982024

Highlighted filing

2024

Revenue$35,580
Expenses$31,582
Net Income$3,998

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.01$1.10$0.36$0.32$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.01$1.00$0.30$0.30$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.01$0.99$0.16$0.19$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.01$1.03$0.14$0.03$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.01$0.92$0.31$0.31$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.02$0.91$0.32$0.24$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.02$0.83$0.36$0.27$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.02$0.74$0.39$0.29$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.02$0.61$0.42$0.34$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.54$0.03$0.51$0.38$0.41$0.03
2014Summary only. Only limited summary data is available for this year.$0.57$0.03$0.54$0.67$0.51$0.16
2013Summary only. Only limited summary data is available for this year.$0.41$0.03$0.38$0.40$0.40$0.00
2012Summary only. Only limited summary data is available for this year.$0.41$0.04$0.38$0.30$0.32$0.01
2011Summary only. Only limited summary data is available for this year.$0.50$0.11$0.39$0.47$0.46$0.02
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Jan 9, 2016
Return Version
2014v6.0
Gross Receipts
$38,057
Mission and Program Overview

Mission

The Lake Placid Ski Club adminsters a local recreational ski program and supports local athletes in their pursuit of national and international competition representing the United States and Lake Placid, New York.

After school ski programs in alpine and nordic skiing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$47,638$47,875▲ $237
Cash and Non-Interest-Bearing Accounts$8,061$5,330▼ $2,731
Prepaid Expenses and Deferred Charges$1,548$575▼ $973
Accounts Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$57,247$53,780▼ $3,467
Other Assets Total-$0-
Liabilities
Deferred Revenue$2,050$1,975▼ $75
Accounts Payable and Accrued Expenses$765$628▼ $137
Total Liabilities$2,815$2,603▼ $212
Net Assets / Fund Balance
Unrestricted Net Assets$47,023$47,259▲ $236
Permanently Rstr Net Assets$7,409$2,738▼ $4,671
Temporarily Rstr Net Assets-$1,180-
Total Net Assets Fund Balance$54,432$51,177▼ $3,255
Total Liabilities and Net Assets / Fund Balance$57,247$53,780▼ $3,467

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$963$963
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carol T HoffmanPresident
Cary HallSecretary
Carol T HoffmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$18,322
Program Service Revenue
$19,735
Investment Income
$0
Other Revenue
$0
All Other Contributions
$11,822
Change in Net Assets
$-3,255
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,312
Total Fundraising Expense$4,363
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,587-$4,363$1,587
Fees for Services Accounting-$605-$605
Office Expenses-$133-$133
All Other Expenses-$75-$75
Total Functional Expenses$36,136$813$4,363$41,312
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Electronically distributed

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

Upon request.

Filing and Contact Details

Filer

Filer Name
Lake Placid Ski Club Inc
EIN
14-1586544
Phone
5185232633
Address
PO Box 691, Lake Placid, NY 12946

Signing Officer

Name
Carol T Hoffman
Title
President
Signed
2016-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol T Hoffman
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Barbara S Dwyer CPA
Address
5694 Cascade Rd, Lake Placid, NY 12946
Preparer
Barbara S Dwyer CPA
Phone
5185239892
Raw XML Appendix379 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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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt012745
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt09434
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt07375
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt07870
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0451
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IRS990ScheduleA/InvestmentIncomeCYPct00.00430
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY509Pct00.99570
IRS990ScheduleA/PublicSupportTotal509Amt0173736
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt039650
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt030371
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt028302
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt044064
IRS990ScheduleA/Total509Grp/TotalAmt0173736
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt031654
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt040101
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt030371
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt028302
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt044064
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0174492
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0963
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0963
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Electronically distributed
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01180
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt057247
IRS990/TotalAssetsEOYAmt053780
IRS990/TotalAssetsGrp/BOYAmt057247
IRS990/TotalAssetsGrp/EOYAmt053780
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt018322
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04363
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0813
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt036136
IRS990/TotalFunctionalExpensesGrp/TotalAmt041312
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02815
IRS990/TotalLiabilitiesEOYAmt02603
IRS990/TotalLiabilitiesGrp/BOYAmt02815
IRS990/TotalLiabilitiesGrp/EOYAmt02603
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt054432
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt051177
IRS990/TotalProgramServiceExpensesAmt036136
IRS990/TotalProgramServiceRevenueAmt019735
IRS990/TotalRevenueGrp/ExclusionAmt0-215
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt019950
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt038057
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt057247
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt053780
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt047023
IRS990/UnrestrictedNetAssetsGrp/EOYAmt047259
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0Adirondack Loj Road
IRS990/USAddress/CityNm0Lake Placid
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012946
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Carol T Hoffman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lake Placid Ski Club Inc
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0141586544
ReturnHeader/Filer/PhoneNum05185232633
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 691
ReturnHeader/Filer/USAddress/CityNm0Lake Placid
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012946
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Barbara S Dwyer CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05694 Cascade Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lake Placid
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012946
ReturnHeader/PreparerPersonGrp/PhoneNum05185239892
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Barbara S Dwyer CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-01-09T15:55:43-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-09-01
ReturnHeader/TaxPeriodEndDt02015-08-31
ReturnHeader/TaxYr02014

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