Civic Intelligence

Sugar Bowl Ski Team & Academy

990 • Fiscal year 2018 • EIN 94-3171879

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 10, 2018

PO Box 68Norden, CA 95724

(530) 269-7401

Siviq Scores

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

Liabilities / Assets

36th percentile

0.10x

Higher debt load relative to assets than 36% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

48th percentile

0.21x

Higher debt load relative to revenue than 48% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

61st percentile

6.6%

Higher net margin than 61% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

13th percentile

$20,000

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

44th percentile

0.5%

Faster asset growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

37%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$16,339,298

Up $89,119 (+0.5%) from 2017

Net Assets

Up

$14,735,505

Up $404,637 (+2.8%) from 2017

Liabilities

Down

$1,603,793

Down $315,518 (-16%) from 2017

Revenue

Up

$7,503,143

Up $2,035,276 (+37%) from 2017

Expenses

Up

$7,005,084

Up $951,647 (+16%) from 2017

Net Income

Up

$498,059

Up $1,083,629 (+185%) from 2017

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $5,951,137Liabilities 2011: $258,342Net Assets 2011: $5,692,7952011Assets 2012: $7,198,155Liabilities 2012: $215,929Net Assets 2012: $6,982,2262012Assets 2013: $15,715,716Liabilities 2013: $776,451Net Assets 2013: $14,939,2652013Assets 2014: $16,786,724Liabilities 2014: $804,595Net Assets 2014: $15,982,1292014Assets 2015: $16,680,274Liabilities 2015: $1,087,601Net Assets 2015: $15,592,6732015Assets 2016: $16,349,512Liabilities 2016: $1,433,581Net Assets 2016: $14,915,9312016Assets 2017: $16,250,179Liabilities 2017: $1,919,311Net Assets 2017: $14,330,8682017Assets 2018: $16,339,298Liabilities 2018: $1,603,793Net Assets 2018: $14,735,5052018Assets 2019: $17,016,656Liabilities 2019: $1,704,598Net Assets 2019: $15,312,0582019Assets 2020: $17,518,553Liabilities 2020: $2,248,017Net Assets 2020: $15,270,5362020Assets 2021: $18,542,983Liabilities 2021: $4,015,372Net Assets 2021: $14,527,6112021Assets 2022: $18,114,296Liabilities 2022: $2,920,716Net Assets 2022: $15,193,5802022Assets 2023: $19,409,536Liabilities 2023: $4,152,516Net Assets 2023: $15,257,0202023Assets 2024: $19,094,671Liabilities 2024: $5,357,402Net Assets 2024: $13,737,2692024

Highlighted filing

2018

Assets$16,339,298
Liabilities$1,603,793
Net Assets$14,735,505

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $5,097,380Expenses 2011: $3,743,676Net Income 2011: $1,353,7042011Revenue 2012: $5,531,734Expenses 2012: $4,242,303Net Income 2012: $1,289,4312012Revenue 2013: $12,537,123Expenses 2013: $4,580,084Net Income 2013: $7,957,0392013Revenue 2014: $6,439,614Expenses 2014: $5,396,750Net Income 2014: $1,042,8642014Revenue 2015: $4,942,960Expenses 2015: $5,332,416Net Income 2015: -$389,4562015Revenue 2016: $5,311,766Expenses 2016: $5,988,508Net Income 2016: -$676,7422016Revenue 2017: $5,467,867Expenses 2017: $6,053,437Net Income 2017: -$585,5702017Revenue 2018: $7,503,143Expenses 2018: $7,005,084Net Income 2018: $498,0592018Revenue 2019: $8,184,886Expenses 2019: $7,608,333Net Income 2019: $576,5532019Revenue 2020: $7,662,758Expenses 2020: $7,704,280Net Income 2020: -$41,5222020Revenue 2021: $5,601,823Expenses 2021: $6,773,507Net Income 2021: -$1,171,6842021Revenue 2022: $8,521,756Expenses 2022: $7,724,187Net Income 2022: $797,5692022Revenue 2023: $8,343,030Expenses 2023: $8,341,628Net Income 2023: $1,4022023Revenue 2024: $8,141,880Expenses 2024: $9,995,791Net Income 2024: -$1,853,9112024

Highlighted filing

2018

Revenue$7,503,143
Expenses$7,005,084
Net Income$498,059
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 10, 2018
Return Version
2017v2.2
Gross Receipts
$8,054,350
Mission and Program Overview

Mission

Sugar bowl ski team & academy is a community dedicated to providing passionate skiers the opportunity to pursue athletic dreams, academic excellence and personal growth while celebrating grit, grace and courage. The organization oversees the (continued on schedule o) following programs: a ski team for alpine, freeride and nordic skiers racers of all ages and a college preparatory day and boarding school for students in grades 6-12.

The organization oversees two programs: a ski team for alpine and nordic skiers racers of all ages and a college preparatory day and boarding school for students in grades 6-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,425,663$12,598,784▼ $826,879
Cash and Non-Interest-Bearing Accounts$967,955$1,604,848▲ $636,893
Prepaid Expenses and Deferred Charges$1,053,795$1,024,506▼ $29,289
Investments Other Securities$654,665$555,675▼ $98,990
Other Notes and Loans Receivable, Net-$350,000-
Accounts Receivable$142,515$199,899▲ $57,384
Investments in Publicly Traded Securities$5,586$5,586→ $0
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$16,250,179$16,339,298▲ $89,119
Other Assets Total-$0-
Liabilities
Deferred Revenue$1,209,581$1,476,529▲ $266,948
Mortgage Notes Payable Secured by Investment Property$528,979--
Accounts Payable and Accrued Expenses$180,751$127,264▼ $53,487
Total Liabilities$1,919,311$1,603,793▼ $315,518
Net Assets / Fund Balance
Unrestricted Net Assets$14,330,868$14,395,289▲ $64,421
Temporarily Rstr Net Assets-$340,216-
Total Net Assets Fund Balance$14,330,868$14,735,505▲ $404,637
Total Liabilities and Net Assets / Fund Balance$16,250,179$16,339,298▲ $89,119

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,376,554$2,343,533$14,720,087
Equipment$93,919$601,386$695,305
Other Land Buildings$128,311$448,576$576,887
Compensation and Service Providers

Employees

NameTitleBaseTotal
Dr Jim TaylorTrustee$20,000$20,000
Daron RahlvesTrustee$5,000$5,000

Board Members and Trustees

NameTitle
Steve ShrayChairman
Graeme PlantVice Chair
Brad WeaverTrustee
Cheryl SchradyTrustee
Chris SchadlichTrustee
Dara PotterTrustee
Greg DallasTrustee
Jeff HamiltonTrustee
Jim EllisTrustee
Jim KellyTrustee
Kate KrehbielTrustee
Perry NorrisTrustee
Rick ShaneTrustee
Stacey HerhuskyTrustee
Sue TunnellSecretary
Matt ServiceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,413,128
Program Service Revenue
$5,870,588
Investment Income
$97,419
Other Revenue
$122,008
All Other Contributions
$1,413,128
Change in Net Assets
$498,059

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$528,979Outstanding Balance
Other Non Cash Contri Table1$1,200Fair Market Value (FMV)
Total Noncash Contributions2$530,179-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,503,143
Revenue Not Reported on Form 990
$198,502
Total Revenue per Audited Statements
$7,701,645
Total Revenue per Form 990
$7,503,143
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,058,727
Other Expenses$2,946,758
Grants and Similar Amounts Paid$999,599
Total Fundraising Expense$30,006
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,927,322$587,442-$2,514,764
Grants to Domestic Individuals$999,599--$999,599
All Other Expenses$392,670$126,885$13,905$533,460
Depreciation Depletion$454,648--$454,648
Insurance$270,669$21,297$11$291,977
Other Employee Benefits$61,687$166,936-$228,623
Payroll Taxes$177,184$44,240-$221,424
Other Expenses$106,519$878-$107,397
Fees for Services Other$54,111$10,360$15,000$79,471
Occupancy$76,666--$76,666
Pension Plan Contributions$55,598$13,318-$68,916
Office Expenses$36,688$8,900$181$45,769
Travel$16,611$19,830$842$37,283
Fees for Services Accounting-$31,355-$31,355
Current Officers, Directors, Trustees, and Key Employees$25,000--$25,000
Fees for Services Legal$11,009$11,893-$22,902
Advertising$1,848$633$67$2,548
Total Functional Expenses$5,919,311$1,055,767$30,006$7,005,084

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,203,586
Expenses per Audited Statements$7,005,084
Total Expenses per Form 990$7,005,084
Expenses Not Reported on Form 990$198,502
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$177,464
Fundraising Direct Expenses$55,456
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Silver Belt$155,180$155,180$41,809$113,371
Village Ball$20,376$20,376$7,451$12,925
Total Events$175,556$175,556$49,260$126,296
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Greg DallasCEO of SbcSee Schedule ONo-
Kate KrehbielSpouse-bod-sbcSee Schedule ONo-
Sue TunnellSpouse-bod-sbcSee Schedule ONo-

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
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Management duties delegated
No

Governance Explanations

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

Email out to each trustee with time to review and respond before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Prior to each board meeting, all the trustees and everyone in attendance at the meeting is asked about any conflicts of interest with regard to agenda items. Also, trustees annually review and sign a conflict of interest statement that confirms they have read and understood the sbsta conflicts policies and that they have no conflicts (except as disclosed in that statement).

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board has a compensation committee which reviews comparability data and evaluates job performance. The committee proposes annual compensation which is approved by the full board. Records of comparability data, job performance review, and other information relied upon for making decisions are kept.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The board has a compensation committee which reviews comparability data and evaluates job performance. The committee proposes annual compensation which is approved by the full board. Records of comparability data, job performance review, and other information relied upon for making decisions are kept.

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

Form 990 is available on Guidestar and other websites and upon request. governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Sugar Bowl Ski Team & Academy
EIN
94-3171879
Phone
5302697401
Address
PO BOX 68, NORDEN, CA 95724

Signing Officer

Name
Steve Shray
Title
Chairman
Signed
2018-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Shray
Formed
1992
Legal Domicile
CA
Voting Board Members
18
Independent Board Members
14
Employees
132
Volunteers
125

Preparer

Firm
TR Goyne & Company CPA
Address
1388 Court St Suite J, Redding, CA 96001
Preparer
Thomas Richard Goyne CPA
Phone
5302432272
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - THE ACADEMY COMPLIES WITH ALL THE REQUIREMENTS OF REV. PROC. 75-50 IN OPERATING THE ACADEMY. THIS NON-DISCRIMINATION ADVERTISEMENT REQUIRED BY REV. PROC. 75-50 IS INCLUDED IN OUR WEBSITE WWW.SBST.ORG.FORM 990 PART 1, LINE 16b MOST OF THE FUNDRASING FEES (EXPENSES) ARE INCLUDED IN FORM 990, PART VIII, LINE 8b OF $47,276. FUNDRASING EXPENSE IS LOW BECAUSE MOST THE CONTRIBUTIONS ARE GENERATED FROM MEMBERS FAMILIES.

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: race arena cost other program services 5: other related exempt function income

Form 990 Part IV-28C & Sch L Part IV, Line 1

Trustee of the organization is also the ceo of sugar bowl corporation. Sugar bowl corporation provides various services including grooming, snowmaking and other related services.

Form 990 Part IV-28C & Sch L Part IV, Line 2 &3

Several trustee's of the organization are a spouse of board member of sugar bowl corporation. Sugar bowl corporation provides various services including grooming, snowmaking and other related services.

Part 1 Line 16B Fundrasing Expense

Fundraising expense is low because most of the fundraising is within the Sugar Bowl ski community.

Sbsta

Sbsta (sugar bowl ski team and academy)

Financial Statement Notes

Part X : FIN48 Footnote

The organization follows the accounting guidance for accounting for uncertainty in income taxes. In accordance with the guidance for uncertainty in income taxes, management has evaluated its material tax positions and determined that there are no income tax effects with respect to its finanical statements.

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IRS990/MissionDesc0Sugar Bowl Ski Team & Academy is a community dedicated to providing passionate skiers the opportunity to pursue athletic dreams, academic excellence and personal growth while celebrating grit, grace and courage. The organization oversees two programs: a ski team for alpine and nordic skiers racers of all ages and a college preparatory day and boarding school for students in grades 6-12.
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2996487
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt445287

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$19.1$5.36$13.7$8.14$10.00$1.85
2023Detailed filing. Detailed filing data is available for this year.$19.4$4.15$15.3$8.34$8.34$0.00
2022Detailed filing. Detailed filing data is available for this year.$18.1$2.92$15.2$8.52$7.72$0.80
2021Detailed filing. Detailed filing data is available for this year.$18.5$4.02$14.5$5.60$6.77$1.17
2020Detailed filing. Detailed filing data is available for this year.$17.5$2.25$15.3$7.66$7.70$0.04
2019Detailed filing. Detailed filing data is available for this year.$17.0$1.70$15.3$8.18$7.61$0.58
2018Detailed filing. Detailed filing data is available for this year.$16.3$1.60$14.7$7.50$7.01$0.50
2017Detailed filing. Detailed filing data is available for this year.$16.3$1.92$14.3$5.47$6.05$0.59
2016Detailed filing. Detailed filing data is available for this year.$16.3$1.43$14.9$5.31$5.99$0.68
2015Detailed filing. Detailed filing data is available for this year.$16.7$1.09$15.6$4.94$5.33$0.39
2014Detailed filing. Detailed filing data is available for this year.$16.8$0.80$16.0$6.44$5.40$1.04
2013Summary only. Only limited summary data is available for this year.$15.7$0.78$14.9$12.5$4.58$7.96
2012Summary only. Only limited summary data is available for this year.$7.20$0.22$6.98$5.53$4.24$1.29
2011Summary only. Only limited summary data is available for this year.$5.95$0.26$5.69$5.10$3.74$1.35