Civic Intelligence

Waterville Valley Black & Blue Trail Smashers Snowsports Education

990 • Fiscal year 2020 • EIN 23-7259958

Jul 01, 2019 to Jun 30, 2020 • Filed on May 12, 2021

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

86th percentile

0.66x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

0.49x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

88th percentile

$177,255

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

21st percentile

-2.9%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-23%

Faster revenue growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,314,053

Down $69,708 (-2.9%) from 2019

Net Assets

Down

$790,020

Down $295,764 (-27%) from 2019

Liabilities

Up

$1,524,033

Up $226,056 (+17%) from 2019

Revenue

Down

$3,136,194

Down $928,213 (-23%) from 2019

Expenses

Down

$3,474,418

Down $689,302 (-17%) from 2019

Net Income

Down

-$338,224

Down $238,911 (-241%) from 2019

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

2020

Assets$2,314,053
Liabilities$1,524,033
Net Assets$790,020

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

2020

Revenue$3,136,194
Expenses$3,474,418
Net Income-$338,224
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.0
Gross Receipts
$3,136,194
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$2,120,984$2,007,548▼ $113,436
Cash and Non-Interest-Bearing Accounts$118,876$213,484▲ $94,608
Accounts Receivable$52,723$52,676▼ $47
Prepaid Expenses and Deferred Charges$55,692$17,252▼ $38,440
Pledges and Grants Receivable$6,235$15,285▲ $9,050
Savings and Temporary Cash Investments$28,495$7,506▼ $20,989
Intangible Assets$756$302▼ $454
Total Assets$2,383,761$2,314,053▼ $69,708
Liabilities
Unsecured Notes Loans Payable$888,589$1,254,695▲ $366,106
Deferred Revenue$160,540$146,708▼ $13,832
Accounts Payable and Accrued Expenses$248,848$122,630▼ $126,218
Total Liabilities$1,297,977$1,524,033▲ $226,056
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,022,257$786,525▼ $235,732
Net Assets With Donor Restrictions$63,527$3,495▼ $60,032
Total Net Assets Fund Balance$1,085,784$790,020▼ $295,764
Total Liabilities and Net Assets / Fund Balance$2,383,761$2,314,053▼ $69,708

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,090,081$744,434$1,834,515
Equipment$154,082$646,047$800,129
Land$724,186-$724,186
Leasehold Improvements$39,199$166,596$205,795
Other Land Buildings-$19,017$19,017
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tory AmorelloExecutive DiFT$158,755$18,500$177,255
Tory AmorelloExecutive Director-$158,755$18,500$177,255

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$236,829
Program Service Revenue
$2,892,022
Investment Income
$60
Other Revenue
$7,283
All Other Contributions
$236,829
Change in Net Assets
$-338,224

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 Table83,418$83,418Fair Market Value (FMV)
Total Noncash Contributions83,418$83,418-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,136,194
Total Revenue per Audited Statements
$3,136,194
Total Revenue per Form 990
$3,136,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,954,380
Other Expenses$1,520,038
Total Fundraising Expense$37,102
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,356,467$281,219$16,542$1,654,228
Travel$522,124$33,327-$555,451
Current Officers, Directors, Trustees, and Key Employees$130,179$26,988$1,588$158,755
All Other Expenses$100,290$22,988$8,556$131,834
Payroll Taxes$100,776$20,892$1,229$122,897
Depreciation Depletion$95,933$19,889$1,170$116,992
Insurance$92,784$19,236$1,132$113,152
Occupancy$64,030$13,275$781$78,086
Interest$7,552$41,416-$48,968
Other Expenses$32,226$8,057-$40,283
Fees for Services Accounting$7,883$29,906$1,989$39,778
Office Expenses$4,403$22,019$2,936$29,358
Other Employee Benefits$15,170$3,145$185$18,500
Advertising$662$1,656$994$3,312
Total Functional Expenses$2,870,544$566,772$37,102$3,474,418

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,474,418
Total Expenses per Audited Statements$3,474,418
Total Expenses per Form 990$3,474,418
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
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 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, 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
Paul Chiesa
Title
Treasurer
Phone
6032364246
Signed
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Borggaard
Formed
1972
Legal Domicile
Nh
Voting Board Members
20
Independent Board Members
20
Employees
97
Volunteers
148

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

Waterville valley academy (wva) is a snowsports academy located in waterville valley, new hampshire designed for full-time student-athletes in grades 6-12 who are dedicated to pursuing the highest level of performance in alpine racing, freestyle skiing and freeskiing in parallel with a rigorous and highly individualized academic program. Students at wva are either enrolled in the full-term high school (academic calendar august-may; wva curricula); the winter term high school (november-march with academics following home-school curricula) or the wva middle school program (grades 6-8 with a hybrid approach of wva curricula for humanities and sciences, and sending school curricula for mathematics and world language). Wva students reside at the wva dormitory or are day students in the local community. Since 2013, wva has enrolled students from over 20 states and several foreign countries, and our students have matriculated at the following universities and colleges: bates, boston college, colby, colby- sawyer, the cooper union, dartmouth, harvard, haverford, middlebury, northeastern, university of new hampshire, university of denver, university of vermont, williams college.

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

Alpine,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 2019-2020 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.

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

OTHER

Form 990, Part XI, Line 9

The prior period adjustment was made to recognize credit card charges for expenses incurred in the current period but booked in the prior year and to reduce net assets for net overstated pledges receivable. Decrease in net assets (6,800) increase in net assets 49,260 net increase in net assets of 42,460

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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/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/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 2019-2020, 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