Winnipesaukee Ski Club Inc
- Assets
- $809.7k
- Revenue
- $350.6k
- Investments
- $0.0
- Employees
- 23
- Location
- Laconia, NH
- Founding
- 02/2005
- Data as of
- 06/2021
- EIN
- 02-6013168
Organization Overview
Winnipesaukee Ski Club Inc, operating under the name Gunstock Ski Club, is located in Laconia, NH. The organization was established in 2005. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Gunstock Ski Club employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gunstock Ski Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Gunstock Ski Club generated $350.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $320.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SKI RACING FOR APPROXIMATELY 150 CHILDREN AGES 7 TO 18 ASSOCIATED WITH AND RUN UNDER THE GUIDELINES OF THE US SKI ASSOCIATION. COSTS OF THE PROGRAM ARE SUPPORTED BY MEMBERSHIP DUES, ENTRANCE FEES AND TRAINING FEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKI RACING FOR APPROXIMATELY 150 CHILDREN AGES 7 TO 18 ASSOCIATED WITH AND RUN UNDER THE GUIDELINES OF THE US SKI ASSOCIATION. COSTS OF THE PROGRAM ARE SUPPORTED BY MEMBERSHIP DUES, ENTRANCE FEES AND TRAINING FEES.
PROVIDE SCHOLARSHIPS TO QUALIFIERS FOR CHAMPIONSHIP RACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Haarmann President | OfficerTrustee | 1 | $0 |
Stephanie Howard Board Secret | Officer | 1 | $0 |
Victor Michael Maloney Vice Preside | Officer | 1 | $0 |
Jamey Beland Treasurer | Officer | 1 | $0 |
Joseph Coneely Director | Trustee | 1 | $0 |
Bryant Lehr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $171,077 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,978 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,055 |
| Total Program Service Revenue | $95,404 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $57,283 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $350,595 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,798 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,157 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,530 |
| Travel | $4,445 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,063 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,055 |
| Insurance | $14,632 |
| All other expenses | $6,644 |
| Total functional expenses | $320,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,681 |
| Savings and temporary cash investments | $147,592 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $424 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $461,956 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $809,653 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $137,544 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $137,544 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $672,109 |
| Total liabilities and net assets/fund balances | $809,653 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Winnipesaukee Ski Club Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Skating Club Of Boston Norwood, MA | $69,699,987 | $7,906,806 |
Vermont Association Of Snow Travelers Inc Barre, VT | $3,241,004 | $3,918,954 |
Waterville Valley Black & Blue Trail Smashers-Snowsports Edu Fdn Waterville Valley, NH | $2,567,962 | $3,711,484 |
Northboro Youth Hockey Program Inc Westborough, MA | $6,509,967 | $2,397,981 |
Mount Mansfield Ski Educational Foundation Inc Stowe, VT | $2,532,717 | $2,414,692 |
Mount Snow Ski Educational Foundation West Dover, VT | $1,320,980 | $1,834,810 |
Junior Railers Hockey Club Inc Worcester, MA | $424,487 | $1,444,219 |
Dorset Park Skating Association Inc South Burlington, VT | $6,321,693 | $1,908,251 |
Hockey East Amesbury, MA | $1,083,202 | $1,841,620 |
Vermont Adaptive Ski & Sports Killington, VT | $2,799,788 | $1,237,034 |
Black Mountain Of Maine Rumford, ME | $1,559,785 | $1,123,500 |
Falmouth Youth Hockey League Inc East Falmouth, MA | $7,269,311 | $1,100,190 |