Civic Intelligence

Waterville Valley Black & Blue Trail Smashers Snowsports Education

990 • Fiscal year 2018 • EIN 23-7259958

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 12, 2018

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

82nd percentile

0.54x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

73rd percentile

0.34x

Higher debt load relative to revenue than 73% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

23rd percentile

-7.9%

Higher net margin than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

77th percentile

$121,826

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

50th percentile

1.2%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

32nd percentile

-2.9%

Faster revenue growth than 32% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,593,406

Up $30,238 (+1.2%) from 2017

Net Assets

Down

$1,185,097

Down $440,075 (-27%) from 2017

Liabilities

Up

$1,408,309

Up $470,313 (+50%) from 2017

Revenue

Down

$4,082,100

Down $122,973 (-2.9%) from 2017

Expenses

Up

$4,405,320

Up $337,011 (+8.3%) from 2017

Net Income

Down

-$323,220

Down $459,984 (-336%) from 2017

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

2018

Assets$2,593,406
Liabilities$1,408,309
Net Assets$1,185,097

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

2018

Revenue$4,082,100
Expenses$4,405,320
Net Income-$323,220
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 12, 2018
Return Version
2017v2.3
Gross Receipts
$4,093,645
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$2,244,309$2,190,326▼ $53,983
Cash and Non-Interest-Bearing Accounts$215,187$183,487▼ $31,700
Pledges and Grants Receivable$20,943$109,000▲ $88,057
Prepaid Expenses and Deferred Charges$110,008$44,422▼ $65,586
Accounts Receivable$10,929$42,354▲ $31,425
Savings and Temporary Cash Investments$10,103$22,607▲ $12,504
Intangible Assets$1,663$1,210▼ $453
Total Assets$2,613,142$2,593,406▼ $19,736
Liabilities
Unsecured Notes Loans Payable$527,578$778,398▲ $250,820
Deferred Revenue$405,254$393,404▼ $11,850
Accounts Payable and Accrued Expenses$168,371$236,507▲ $68,136
Total Liabilities$1,101,203$1,408,309▲ $307,106
Net Assets / Fund Balance
Unrestricted Net Assets$1,480,774$1,134,652▼ $346,122
Temporarily Rstr Net Assets$31,165$50,445▲ $19,280
Total Net Assets Fund Balance$1,511,939$1,185,097▼ $326,842
Total Liabilities and Net Assets / Fund Balance$2,613,142$2,593,406▼ $19,736

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,166,291$646,386$1,812,677
Equipment$200,670$568,882$769,552
Land$724,186-$724,186
Leasehold Improvements$97,998$107,797$205,795
Other Land Buildings$1,181$17,836$19,017
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter StoklozaExecutive DiFT$116,500$5,326$121,826
Peter StoklozaExecutive Diretor-$106,500$15,326$121,826

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$302,427
Program Service Revenue
$3,766,686
Investment Income
$43
Other Revenue
$12,944
All Other Contributions
$302,427
Change in Net Assets
$-323,220

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
Other Non Cash Contri Table1,300$111,618Fair Market Value (FMV)
Other Non Cash Contri Table1$3,847Fair Market Value (FMV)
Total Noncash Contributions1,301$115,465-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,082,100
Total Revenue per Audited Statements
$4,082,100
Total Revenue per Form 990
$4,082,100
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,381,629
Other Expenses$1,913,691
Grants and Similar Amounts Paid$110,000
Total Fundraising Expense$41,788
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,553,297$310,608$20,048$1,883,953
Travel$244,576$15,611-$260,187
Other Employee Benefits$178,461$40,470$623$219,554
All Other Expenses$156,844$42,247$4,948$204,039
Occupancy$130,773$27,112$1,595$159,480
Payroll Taxes$130,569$23,597$3,146$157,312
Comp Disqual Persons$90,608$30,202-$120,810
Depreciation Depletion$97,372$20,187$1,187$118,746
Grants to Domestic Individuals$110,000--$110,000
Other Expenses$62,224$20,305-$62,224
Insurance$44,799$9,287$546$54,632
Interest$28,646--$28,646
Office Expenses$3,458$17,291$2,306$23,055
Advertising$4,355$10,889$6,533$21,777
Fees for Services Accounting$13,276$2,996$856$17,128
Total Functional Expenses$3,753,784$609,748$41,788$4,405,320

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,405,320
Total Expenses per Audited Statements$4,405,320
Total Expenses per Form 990$4,405,320
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$24,423
Fundraising Direct Expenses$11,545
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ski Swap$9,762$9,762$6,780$2,982
Auction & Raffl$8,500$8,500-$8,500
Total Events$18,262$18,262$6,780$11,482
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
Ronan Ryan
Title
Treasurer
Phone
6032364246
Signed
2018-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bradley Benson
Formed
1972
Legal Domicile
Nh
Voting Board Members
14
Independent Board Members
14
Employees
103
Volunteers
125

Preparer

Firm
Carew & Wells Pllc
Address
104 N STATE ST, 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

Timing diff prior year short year end -3,622

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IRS990/Form990PartVIISectionAGrp/PersonNm4ROBERT BARRY
IRS990/Form990PartVIISectionAGrp/PersonNm5ANNA MCINTYRE
IRS990/Form990PartVIISectionAGrp/PersonNm6KIMBERLY WOLFF
IRS990/Form990PartVIISectionAGrp/PersonNm7TERRY DRISCOLL
IRS990/Form990PartVIISectionAGrp/PersonNm8JAMES GILDEA
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IRS990/Form990PartVIISectionAGrp/PersonNm10MICHAEL CRAGG
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IRS990/Form990PartVIISectionAGrp/PersonNm13BRIAN LASH
IRS990/Form990PartVIISectionAGrp/PersonNm14CHARLES HENRY
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IRS990/Form990PartVIISectionAGrp/PersonNm17TORY AMORELLO
IRS990/Form990PartVIISectionAGrp/PersonNm18PETER STOKLOZA
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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