Civic Intelligence

Waterville Valley Black & Blue Trail Smashers Snowsports Education

990 • Fiscal year 2017 • EIN 23-7259958

Jun 01, 2016 to May 31, 2017 • Filed on Sep 26, 2017

PO Box 277Waterville Valley, NH 03215

(603) 236-4246

Siviq Scores

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

Liabilities / Assets

74th percentile

0.37x

Higher debt load relative to assets than 74% of similar nonprofits.

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

Liabilities / Revenue

65th percentile

0.22x

Higher debt load relative to revenue than 65% of similar nonprofits.

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

Net Margin

51st percentile

3.3%

Higher net margin than 51% of similar nonprofits.

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

Top Officer Pay

71st percentile

$104,490

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

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

Asset Growth

42nd percentile

0.8%

Faster asset growth than 42% of similar nonprofits.

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

Revenue Growth

66th percentile

14%

Faster revenue growth than 66% of similar nonprofits.

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

Assets

Up

$2,563,168

Up $19,764 (+0.8%) from 2016

Net Assets

Up

$1,625,172

Up $136,765 (+9.2%) from 2016

Liabilities

Down

$937,996

Down $117,001 (-11%) from 2016

Revenue

Up

$4,205,073

Up $503,051 (+14%) from 2016

Expenses

Up

$4,068,309

Up $44,049 (+1.1%) from 2016

Net Income

Up

$136,764

Up $459,002 (+142%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,085,760Liabilities 2011: $856,878Net Assets 2011: $1,228,8822011Assets 2012: $2,280,778Liabilities 2012: $920,561Net Assets 2012: $1,360,2172012Assets 2013: $2,414,353Liabilities 2013: $911,870Net Assets 2013: $1,502,4832013Assets 2014: $3,049,746Liabilities 2014: $1,256,879Net Assets 2014: $1,792,8672014Assets 2015: $2,866,601Liabilities 2015: $1,055,953Net Assets 2015: $1,810,6482015Assets 2016: $2,543,404Liabilities 2016: $1,054,997Net Assets 2016: $1,488,4072016Assets 2017: $2,563,168Liabilities 2017: $937,996Net Assets 2017: $1,625,1722017Assets 2018: $2,593,406Liabilities 2018: $1,408,309Net Assets 2018: $1,185,0972018Assets 2019: $2,383,761Liabilities 2019: $1,297,977Net Assets 2019: $1,085,7842019Assets 2020: $2,314,053Liabilities 2020: $1,524,033Net Assets 2020: $790,0202020Assets 2021: $2,567,962Liabilities 2021: $1,415,269Net Assets 2021: $1,152,6932021Assets 2022: $3,415,485Liabilities 2022: $864,320Net Assets 2022: $2,551,1652022Assets 2023: $2,928,275Liabilities 2023: $532,157Net Assets 2023: $2,396,1182023Assets 2024: $4,193,741Liabilities 2024: $2,410,181Net Assets 2024: $1,783,5602024

Highlighted filing

2017

Assets$2,563,168
Liabilities$937,996
Net Assets$1,625,172

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,486,4932011Expenses 2012: $2,798,1052012Expenses 2013: $3,316,6962013Revenue 2014: $4,368,006Expenses 2014: $4,077,622Net Income 2014: $290,3842014Revenue 2015: $4,360,594Expenses 2015: $4,335,459Net Income 2015: $25,1352015Revenue 2016: $3,702,022Expenses 2016: $4,024,260Net Income 2016: -$322,2382016Revenue 2017: $4,205,073Expenses 2017: $4,068,309Net Income 2017: $136,7642017Revenue 2018: $4,082,100Expenses 2018: $4,405,320Net Income 2018: -$323,2202018Revenue 2019: $4,064,407Expenses 2019: $4,163,720Net Income 2019: -$99,3132019Revenue 2020: $3,136,194Expenses 2020: $3,474,418Net Income 2020: -$338,2242020Revenue 2021: $3,711,484Expenses 2021: $3,348,808Net Income 2021: $362,6762021Revenue 2022: $5,340,069Expenses 2022: $3,941,597Net Income 2022: $1,398,4722022Revenue 2023: $4,082,436Expenses 2023: $4,237,483Net Income 2023: -$155,0472023Revenue 2024: $3,220,632Expenses 2024: $3,681,340Net Income 2024: -$460,7082024

Highlighted filing

2017

Revenue$4,205,073
Expenses$4,068,309
Net Income$136,764
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Sep 26, 2017
Return Version
2016v3.0
Gross Receipts
$4,243,317
Mission and Program Overview

Mission

The mission of waterville valley black and blue trail smashers snowsports educational foundation- as a snowsports educational foundation, we develop competitive alpine,freestyle and snowboard athletes thru year-round athletic training, competitive events and quality academics. The resulting mastery of snowsports increases confidence,discipline and risk taking in all aspects of life. The vision is to be the best snowsports organization in the united states. The mission of the waterville valley academy is to provide an excellent eduction and superior snowsports training and conditioning for young alpine,freestyle and snowboard athletes in a safe mountain village environment. The organization strives to foster a safe and disciplined community in which each student athlete participates in his or her own education,achieves high academic goals,develops solid moral values and produces strong athletic results.

The mission of waterville valley black and blue trail smashers snowsports educational foundation- as a snow sports educational foundation, we develop competitive alpine,freestyle and snowboard athletes thru year-round athletic training, competitive events and quality academics. The resulting mastery of snowsports increases confidence, discipline and risk taking in all aspects of life. The vision is to be the best snowsports organization in the united states. The mission of the waterville valley academy is to provide excellent education and superior snowsports training and conditioning for young alpine, freestyle and snowboarding athletes in a safe mountain village environment. The organization strives to foster a safe and disciplined community in which each student athlete participates in his or her own eduction, achieves high academic goals, develops solid moral values and produces strong athletic results.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,350,871$2,253,437▼ $97,434
Cash and Non-Interest-Bearing Accounts$32,340$221,956▲ $189,616
Prepaid Expenses and Deferred Charges$28,605$25,843▼ $2,762
Accounts Receivable$84,644$25,485▼ $59,159
Pledges and Grants Receivable$33,202$21,943▼ $11,259
Savings and Temporary Cash Investments$11,587$12,803▲ $1,216
Intangible Assets$2,155$1,701▼ $454
Total Assets$2,543,404$2,563,168▲ $19,764
Liabilities
Unsecured Notes Loans Payable$659,095$528,883▼ $130,212
Deferred Revenue$276,786$208,874▼ $67,912
Accounts Payable and Accrued Expenses$119,116$200,239▲ $81,123
Total Liabilities$1,054,997$937,996▼ $117,001
Net Assets / Fund Balance
Unrestricted Net Assets$1,398,244$1,594,007▲ $195,763
Temporarily Rstr Net Assets$90,163$31,165▼ $58,998
Total Net Assets Fund Balance$1,488,407$1,625,172▲ $136,765
Total Liabilities and Net Assets / Fund Balance$2,543,404$2,563,168▲ $19,764

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,217,323$589,754$1,807,077
Land$724,186-$724,186
Equipment$177,867$532,975$710,842
Leasehold Improvements$129,847$75,948$205,795
Other Land Buildings$4,214$14,803$19,017
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Peter StoklozaExecutive DiFT$104,490$104,490

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$254,488
Program Service Revenue
$3,945,133
Investment Income
$-5,452
Other Revenue
$10,904
All Other Contributions
$254,488
Change in Net Assets
$136,764

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 Amount
Other Non Cash Contri Table2$102,515
Total Noncash Contributions2$102,515

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,205,073
Total Revenue per Audited Statements
$4,205,073
Total Revenue per Form 990
$4,205,073
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,235,184
Other Expenses$1,770,625
Grants and Similar Amounts Paid$62,500
Total Fundraising Expense$39,736
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,434,527$287,527$18,450$1,740,504
Other Employee Benefits$168,573$65,340$3,902$237,815
All Other Expenses$141,066$23,732$6,611$171,409
Payroll Taxes$151,383$992-$152,375
Occupancy$124,295$25,769$1,516$151,580
Travel$133,155$8,499-$141,654
Depreciation Depletion$99,662$20,662$1,215$121,539
Current Officers, Directors, Trustees, and Key Employees$78,368$26,122-$104,490
Other Expenses$66,383$13,438-$66,383
Grants to Domestic Individuals$62,500--$62,500
Insurance$49,655$10,294$606$60,555
Interest$29,263--$29,263
Fees for Services Accounting$11,054$7,486$976$19,516
Advertising$3,224$8,061$4,836$16,121
Office Expenses$3,822$10,487$1,590$15,899
Information Technology$682$136$34$852
Total Functional Expenses$3,475,259$553,314$39,736$4,068,309

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,068,309
Expenses per Audited Statements$4,068,308
Total Expenses per Audited Statements$4,068,308
Expenses Not Reported on Financial Statements$1
Other Expense Adjustments$1
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$31,966
Fundraising Direct Expenses$21,062
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ski Swap$10,666$10,666$7,075$3,591
US Ski Team Bal$10,500$10,500$10,350$150
Total Events$26,866$26,866$18,510$8,356
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
Audit committee
Yes
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
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, Page 6, Part VI, Line 11B

The finance committee and board of trustees reviews the 990 and the chairman of the board will then sign the return.

Form 990, Page 6, Part VI, Line 15A

The organizations board of trustees approves annual compensation. The board surveys the trade market annually as well as compares salaries of similar positions within the local area.

Form 990, Page 6, Part VI, Line 15B

The organizations board of trustees approves annual compensation. The board surveys the trade market annually as well as compares salaries in the local area. Key employee compensation is determined annually during the budget process by the finance committee.

Form 990, Page 6, Part VI, Line 19

Documents are made available to the public upon request and on the guidestar website.

Filing and Contact Details

Filer

Filer Name
Waterville Valley Black & Blue
EIN
23-7259958
Phone
6032364246
Address
PO BOX 277, WATERVILLE VALLEY, NH 03215

Signing Officer

Name
Bradley Benson
Title
Chairman
Phone
6032364246
Signed
2017-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bradley Benson
Formed
1972
Legal Domicile
Nh
Voting Board Members
17
Independent Board Members
17
Employees
111
Volunteers
125

Preparer

Firm
Carew & Wells Pllc
Address
3 NORTH SPRING ST SUITE 100, CONCORD, NH 03301
Preparer
Robin D Wells
Phone
6032243950
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of waterville valley black and blue trail smashers snowsports educational foundation- as a snowsports educational foundation, we develop competitive alpine,freestyle and snowboard athletes thru year-round athletic training, competitive events and quality academics. The resulting mastery of snowsports increases confidence,discipline and risk taking in all aspects of life. The vision is to be the best snowsports organization in the united states. The mission of the waterville valley academy is to provide an excellent eduction and superior snowsports training and conditioning for young alpine,freestyle and snowboard athletes in a safe mountain village environment. The organization strives to foster a safe and disciplined community in which each student athlete participates in his or her own education,achieves high academic goals,develops solid moral values and produces strong athletic results.

Form 990, Page 2, Part III, Line 4A

University,rodger williams college,saint anselm college,sierra nevada college, st.lawrence university,syracuse university,union college, university of colorado,university of denver,university of maine,university of ma,university of nh,university of vt, westminister college,and williams college.

Form 990, Page 2, Part III, Line 4B

Snowsport training program in order to cultivate tomorrows leaders.

Form 990, Page 2, Part III, Line 4D

OTHER

Form 990, Part XI, Line 9

Book / tax depreciation difference 1

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

Book / tax depreciation difference 1

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IRS990/ActivityOrMissionDesc0THE MISSION OF WATERVILLE VALLEY BLACK AND BLUE TRAIL SMASHERS SNOWSPORTS EDUCATIONAL FOUNDATION- AS A SNOW SPORTS EDUCATIONAL FOUNDATION, WE DEVELOP COMPETITIVE ALPINE,FREESTYLE AND SNOWBOARD ATHLETES THRU YEAR-ROUND ATHLETIC TRAINING, COMPETITIVE EVENTS AND QUALITY ACADEMICS. THE RESULTING MASTERY OF SNOWSPORTS INCREASES CONFIDENCE, DISCIPLINE AND RISK TAKING IN ALL ASPECTS OF LIFE. THE VISION IS TO BE THE BEST SNOWSPORTS ORGANIZATION IN THE UNITED STATES. THE MISSION OF THE WATERVILLE VALLEY ACADEMY IS TO PROVIDE EXCELLENT EDUCATION AND SUPERIOR SNOWSPORTS TRAINING AND CONDITIONING FOR YOUNG ALPINE, FREESTYLE AND SNOWBOARDING ATHLETES IN A SAFE MOUNTAIN VILLAGE ENVIRONMENT. THE ORGANIZATION STRIVES TO FOSTER A SAFE AND DISCIPLINED COMMUNITY IN WHICH EACH STUDENT ATHLETE PARTICIPATES IN HIS OR HER OWN EDUCTION, ACHIEVES HIGH ACADEMIC GOALS, DEVELOPS SOLID MORAL VALUES AND PRODUCES STRONG ATHLETIC RESULTS.
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IRS990/Form990PartVIISectionAGrp/PersonNm12CHRISTOPHE HOTERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm13PETER STOKLOZA
IRS990/Form990PartVIISectionAGrp/PersonNm14BRADLEY BENSON
IRS990/Form990PartVIISectionAGrp/PersonNm15DIANE SAUNDERS
IRS990/Form990PartVIISectionAGrp/PersonNm16ANDREW BORGGAARD
IRS990/Form990PartVIISectionAGrp/PersonNm17RONAN RYAN
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IRS990/MissionDesc0THE MISSION OF WATERVILLE VALLEY BLACK AND BLUE TRAIL SMASHERS SNOWSPORTS EDUCATIONAL FOUNDATION- AS A SNOWSPORTS EDUCATIONAL FOUNDATION, WE DEVELOP COMPETITIVE ALPINE,FREESTYLE AND SNOWBOARD ATHLETES THRU YEAR-ROUND ATHLETIC TRAINING, COMPETITIVE EVENTS AND QUALITY ACADEMICS. THE RESULTING MASTERY OF SNOWSPORTS INCREASES CONFIDENCE,DISCIPLINE AND RISK TAKING IN ALL ASPECTS OF LIFE. THE VISION IS TO BE THE BEST SNOWSPORTS ORGANIZATION IN THE UNITED STATES. THE MISSION OF THE WATERVILLE VALLEY ACADEMY IS TO PROVIDE AN EXCELLENT EDUCTION AND SUPERIOR SNOWSPORTS TRAINING AND CONDITIONING FOR YOUNG ALPINE,FREESTYLE AND SNOWBOARD ATHLETES IN A SAFE MOUNTAIN VILLAGE ENVIRONMENT. THE ORGANIZATION STRIVES TO FOSTER A SAFE AND DISCIPLINED COMMUNITY IN WHICH EACH STUDENT ATHLETE PARTICIPATES IN HIS OR HER OWN EDUCATION,ACHIEVES HIGH ACADEMIC GOALS,DEVELOPS SOLID MORAL VALUES AND PRODUCES STRONG ATHLETIC RESULTS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0ALPINE,FREESTYLE & SNOWBOARD TRAINING-THE BBTS SNOWSPORTS CLUB, WITH ROOTS IN ONE OF THE OLDEST SKI CLUBS IN THE COUNTRY,HAD OVER 400 ATHLETES IN THE 2014-2015 SEASON. PARTICIPANTS RANGED IN AGE FROM SEVEN TO OVER EIGHTY YEARS OLD. THEY ARE TRAINED BY A WORLD-CLASS GROUP OF COACHES LED BY TOM BARBEAU, ATHLETIC DIRECTOR & BURDENKO METHOD LEADER,AND ADAM CHADBOURNE, DIRECTOR OF ATHLETIC PERFORMANCE. ADAM COACHES AT THE U18 LEVEL AS WELL AS ASSISTING WITH THE U16 BURDENKO TRAINING.THIS TYPE OF PERSONALIZED,AGE AND SKILL APPROPRIATE TRAINING ENABLES ALL PARTICIPANTS TO REACH THEIR GOALS OF SNOWSPORT EXCELLENCE. DISTINGUISHED ALUMNI IN THE PROGRAM INCLUDE OLYMPIC GOLD MEDALISTS HANNAH KEARNEY AND NIKKI STONE; AS WELL AS OLYMPIANS JULIA KRASS, CHAS GULDEMOND AND CHEMMIE ALCOTT.OUR VISION IS A PIONEERING SNOWSPORT TRAINING PROGRAM IN ORDER TO CULTIVATE TOMORROWS LEADERS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SNOWSPORT CAMPS-BY OFFERING A WIDE VARIETY OF CAMPS THROUGHOUT THE SPRING,SUMMER AND FALL, WVBBTS PROVIDES OUR ATHLETES A MULTITUDE OF OPPORTUNITIES TO CONTINUE ENHANCING THEIR SKILLS,QUALIFYING TRICKS AND GETTING BACK ON THE SNOW IN 2014-2015, OUR JUMPSTART, BURDENKO METHOD DRYLAND, EXPERIENCE THE ACADEMY AND MASTERS CAMPS ARE RUN FROM OUR HOME BASE PROPERTY IN WATERVILLE VALLEY, NH. IN ADDITION, OUR TRAVEL CAMPS ARE HELD NATIONALLY IN OREGON AND COLORADO. INTERNATIONAL SUMMER AND FALL CAMPS ARE HELD IN SWITZERLAND, CHILE AND AUSTRIA. OUR PHIL'S HILL AIRBAG TRAINING CENTER IS A 4 SEASON TRAINING VENUE FOR FREESTRYLERS AND SNOWBOARDERS. CAMPS ENHANCE ATHLETIC SKILLS IN PREPARATION FOR THE COMPETITION SEASON AND ARE OFFERED THROUGHOUT THE YEAR TO BBTS MEMBERS AND NON-MEMBERS ALIKE.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.19$2.41$1.78$3.22$3.68$0.46
2023Detailed filing. Detailed filing data is available for this year.$2.93$0.53$2.40$4.08$4.24$0.16
2022Detailed filing. Detailed filing data is available for this year.$3.42$0.86$2.55$5.34$3.94$1.40
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$1.42$1.15$3.71$3.35$0.36
2020Detailed filing. Detailed filing data is available for this year.$2.31$1.52$0.79$3.14$3.47$0.34
2019Detailed filing. Detailed filing data is available for this year.$2.38$1.30$1.09$4.06$4.16$0.10
2018Detailed filing. Detailed filing data is available for this year.$2.59$1.41$1.19$4.08$4.41$0.32
2017Detailed filing. Detailed filing data is available for this year.$2.56$0.94$1.63$4.21$4.07$0.14
2016Detailed filing. Detailed filing data is available for this year.$2.54$1.05$1.49$3.70$4.02$0.32
2015Detailed filing. Detailed filing data is available for this year.$2.87$1.06$1.81$4.36$4.34$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.05$1.26$1.79$4.37$4.08$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$0.91$1.50$3.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$0.92$1.36$2.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.86$1.23$2.49