Civic Intelligence

Flathead Valley Ski Education Foundation

990 • Fiscal year 2023 • EIN 23-7300629

May 01, 2022 to Apr 30, 2023 • Filed on Mar 15, 2024

PO Box 623Whitefish, MT 59937

(907) 500-2040

Siviq Scores

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

Liabilities / Assets

86th percentile

0.45x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

81st percentile

0.31x

Higher debt load relative to revenue than 81% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

72nd percentile

18%

Higher net margin than 72% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

80th percentile

$78,333

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

91st percentile

70%

Faster asset growth than 91% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

75th percentile

36%

Faster revenue growth than 75% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$396,113

Up $162,896 (+70%) from 2022

Net Assets

Up

$216,585

Up $106,643 (+97%) from 2022

Liabilities

Up

$179,528

Up $56,253 (+46%) from 2022

Revenue

Up

$580,168

Up $152,923 (+36%) from 2022

Expenses

Up

$473,525

Up $116,595 (+33%) from 2022

Net Income

Up

$106,643

Up $36,328 (+52%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2011: $16,861Liabilities 2011: $0Net Assets 2011: $16,8612011Assets 2012: $35,925Liabilities 2012: $0Net Assets 2012: $35,9252012Assets 2013: $72,589Liabilities 2013: $2,753Net Assets 2013: $69,8362013Assets 2014: $88,073Liabilities 2014: $4,722Net Assets 2014: $83,3512014Assets 2015: $78,082Liabilities 2015: $18,223Net Assets 2015: $59,8592015Assets 2016: $54,457Liabilities 2016: $23,263Net Assets 2016: $31,1942016Assets 2017: $33,430Liabilities 2017: $17,173Net Assets 2017: $16,2572017Assets 2018: $31,142Liabilities 2018: $11,537Net Assets 2018: $19,6052018Assets 2019: $21,739Liabilities 2019: $23,750Net Assets 2019: -$2,0112019Assets 2020: $65,812Liabilities 2020: $40,059Net Assets 2020: $25,7532020Assets 2021: $142,486Liabilities 2021: $103,709Net Assets 2021: $38,7772021Assets 2022: $233,217Liabilities 2022: $123,275Net Assets 2022: $109,9422022Assets 2023: $396,113Liabilities 2023: $179,528Net Assets 2023: $216,5852023Assets 2024: $492,349Liabilities 2024: $125,165Net Assets 2024: $367,1842024Assets 2025: $582,163Liabilities 2025: $118,864Net Assets 2025: $463,2992025

Highlighted filing

2023

Assets$396,113
Liabilities$179,528
Net Assets$216,585

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $77,474Expenses 2011: $84,442Net Income 2011: -$6,9682011Revenue 2012: $133,722Expenses 2012: $114,658Net Income 2012: $19,0642012Revenue 2013: $168,806Expenses 2013: $132,715Net Income 2013: $36,0912013Revenue 2014: $243,132Expenses 2014: $229,617Net Income 2014: $13,5152014Revenue 2015: $261,088Expenses 2015: $283,978Net Income 2015: -$22,8902015Revenue 2016: $261,643Expenses 2016: $290,308Net Income 2016: -$28,6652016Revenue 2017: $241,356Expenses 2017: $258,969Net Income 2017: -$17,6132017Revenue 2018: $279,129Expenses 2018: $275,781Net Income 2018: $3,3482018Revenue 2019: $259,432Expenses 2019: $281,048Net Income 2019: -$21,6162019Revenue 2020: $318,369Expenses 2020: $310,255Net Income 2020: $8,1142020Revenue 2021: $383,693Expenses 2021: $368,463Net Income 2021: $15,2302021Revenue 2022: $427,245Expenses 2022: $356,930Net Income 2022: $70,3152022Revenue 2023: $580,168Expenses 2023: $473,525Net Income 2023: $106,6432023Revenue 2024: $685,266Expenses 2024: $534,667Net Income 2024: $150,5992024Revenue 2025: $725,198Expenses 2025: $629,083Net Income 2025: $96,1152025

Highlighted filing

2023

Revenue$580,168
Expenses$473,525
Net Income$106,643
Jump To
Filing Snapshot
Filing Period
May 1, 2022 to Apr 30, 2023
Signed
Mar 15, 2024
Return Version
2022v5.0
Gross Receipts
$609,828
Mission and Program Overview

Mission

Fvsef mission is dedicated to athletic and academic and personal excellence through educational and competitive programs in skiing. Fvsef participants become better athletes, better students and better citizens for life.

. Fvsef is dedicated to athletic, academic and personal excellence through ski racing education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$100,984$290,657▲ $189,673
Savings and Temporary Cash Investments$118,485$104,169▼ $14,316
Inventories for Sale or Use$8,459--
Prepaid Expenses and Deferred Charges$2,441--
Land, Buildings, and Equipment, Net$2,523$1,287▼ $1,236
Total Assets$233,217$396,113▲ $162,896
Other Assets Total$325$0▼ $325
Liabilities
Unsecured Notes Loans Payable$99,900$100,000▲ $100
Other Liabilities$6,238$64,217▲ $57,979
Accounts Payable and Accrued Expenses$17,137$15,311▼ $1,826
Total Liabilities$123,275$179,528▲ $56,253
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$109,942$216,585▲ $106,643
Total Net Assets Fund Balance$109,942$216,585▲ $106,643
Total Liabilities and Net Assets / Fund Balance$233,217$396,113▲ $162,896

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,287$34,105$35,392
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hilary LindhExecutive DirectorFT$78,333$78,333

Board Members and Trustees

NameTitle
Don HarringPresident
Mike AndersonVice President
Cari KlepperDirector
Cyrus HadidiDirector
Hailey LoveDirector
Jeff RaperDirector
Richard KramerDirector
Tom HeineckeDirector
Victoria MarcialDirector
Justin BreckSecretary
Jonathan DiemTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$151,714
Program Service Revenue
$360,053
Investment Income
$159
Other Revenue
$68,242
All Other Contributions
$51,144
Change in Net Assets
$106,643
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$296,485
Other Expenses$177,040
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$170,187$76,000-$246,187
Payroll Taxes$34,706$15,592-$50,298
Travel$35,973--$35,973
Insurance$13,539--$13,539
Fees for Services Accounting-$6,745-$6,745
Other Expenses$4,698--$4,698
Advertising$2,453--$2,453
All Other Expenses$2,236--$2,236
Interest$1,712--$1,712
Fees for Services Other-$1,659-$1,659
Office Expenses$1,566--$1,566
Depreciation Depletion$1,236--$1,236
Occupancy$1,130--$1,130
Conferences and Meetings$457--$457
Total Functional Expenses$373,529$99,996$0$473,525
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$88,414
Fundraising Direct Expenses$12,708
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Showcase$66,445$64,305$1,744$62,561
Warren Miller Movie$23,529$23,529$7,105$16,424
Total Events$188,983$88,413$12,708$75,705
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$56,189
Scholarships$8,028
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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

Executive director reviews first, then officers of board review, and then board reviews and votes to approve.

Form 990, Part VI, Section B, Line 15

The board and officers determined salaries based on current wages in the field and hours spent doing required duties. The board and officers determined salaries based on competitive wages and hours worked.

Form 990, Part VI, Section C, Line 19

Tax documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Flathead Valley Ski Education Foundation
EIN
23-7300629
Phone
9075002040
Address
PO BOX 623, WHITEFISH, MT 59937

Signing Officer

Name
Cyrus Hadidi
Title
Director
Phone
9075002040
Signed
2024-03-15
Discuss with paid preparer
Yes

Organization Details

Formed
1973
Legal Domicile
Mt
Voting Board Members
8
Independent Board Members
0
Employees
44
Volunteers
100

Preparer

Firm
Jordahl & Sliter Pllc
Address
PO BOX 8600, KALISPELL, MT 59904-1600
Preparer
Justin P Sliter
Phone
4067521040
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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02441
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/Desc0ALPINE SKIING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0360053
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0360053
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt052954
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt022
IRS990/PYOtherExpensesAmt0108978
IRS990/PYOtherRevenueAmt082305
IRS990/PYProgramServiceRevenueAmt0291964
IRS990/PYRevenuesLessExpensesAmt070315
IRS990/PYSalariesCompEmpBnftPaidAmt0247952
IRS990/PYTotalExpensesAmt0356930
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0427245
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0106643
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0352748
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0118485
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0104169
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0151714
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt052954
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0155799
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0105589
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt094099
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0560155
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0159
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt022
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt033
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01011
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01229
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99780
IRS990ScheduleA/PublicSupportPY170Pct00.69600
IRS990ScheduleA/PublicSupportTotal170Amt0560155
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0151714
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt052954
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0155799
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0105589
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt094099
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0560155
IRS990ScheduleA/TotalSupportAmt0561384
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt01287
IRS990ScheduleD/EquipmentGrp/DepreciationAmt034105
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035392
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt056189
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18028
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SCHOLARSHIPS
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01287
IRS990ScheduleD/TotalLiabilityAmt064217
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0100570
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt02140
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt098430
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt012708
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SHOWCASE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WARREN MILLER MOVIE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt066445
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt023529
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt099009
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0188983
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt064305
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt023529
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0579
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt088413
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt075705
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt03859
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt012708
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01744
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07105
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/LicensedStatesCd0MT
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR REVIEWS FIRST, THEN OFFICERS OF BOARD REVIEW, AND THEN BOARD REVIEWS AND VOTES TO APPROVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD AND OFFICERS DETERMINED SALARIES BASED ON CURRENT WAGES IN THE FIELD AND HOURS SPENT DOING REQUIRED DUTIES. THE BOARD AND OFFICERS DETERMINED SALARIES BASED ON COMPETITIVE WAGES AND HOURS WORKED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TAX DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0233217
IRS990/TotalAssetsEOYAmt0396113
IRS990/TotalAssetsGrp/BOYAmt0233217
IRS990/TotalAssetsGrp/EOYAmt0396113
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0151714
IRS990/TotalEmployeeCnt044
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt099996
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0373529
IRS990/TotalFunctionalExpensesGrp/TotalAmt0473525
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0123275
IRS990/TotalLiabilitiesEOYAmt0179528
IRS990/TotalLiabilitiesGrp/BOYAmt0123275
IRS990/TotalLiabilitiesGrp/EOYAmt0179528
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0109942
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0216585
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0373529
IRS990/TotalProgramServiceRevenueAmt0360053
IRS990/TotalReportableCompFromOrgAmt078333
IRS990/TotalRevenueGrp/ExclusionAmt075706
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0352748

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.82$1.19$4.63$7.25$6.29$0.96
2024Detailed filing. Detailed filing data is available for this year.$4.92$1.25$3.67$6.85$5.35$1.51
2023Detailed filing. Detailed filing data is available for this year.$3.96$1.80$2.17$5.80$4.74$1.07
2022Detailed filing. Detailed filing data is available for this year.$2.33$1.23$1.10$4.27$3.57$0.70
2021Detailed filing. Detailed filing data is available for this year.$1.42$1.04$0.39$3.84$3.68$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.66$0.40$0.26$3.18$3.10$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.22$0.24$0.02$2.59$2.81$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.31$0.12$0.20$2.79$2.76$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.33$0.17$0.16$2.41$2.59$0.18
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.23$0.31$2.62$2.90$0.29
2015Detailed filing. Detailed filing data is available for this year.$0.78$0.18$0.60$2.61$2.84$0.23
2014Detailed filing. Detailed filing data is available for this year.$0.88$0.05$0.83$2.43$2.30$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.03$0.70$1.69$1.33$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.00$0.36$1.34$1.15$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.00$0.17$0.77$0.84$0.07