Killington Mountain School Inc
- Assets
- $7.9m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 124
- Location
- Killington, VT
- Founding
- 02/1979
- Data as of
- 06/2021
- EIN
- 03-0266235
Organization Overview
Killington Mountain School Inc is located in Killington, VT. The organization was established in 1979. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Killington Mountain School Inc employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Killington Mountain School Inc 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, Killington Mountain School Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $4.8m during the year ending 06/2021. While expenses have increased by 1.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
EDUCATION OF STUDENT ATHLETES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION, TRAINING, AND HOUSING OF YOUNG ATHLETES AGES 13 TO 18.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claire Kershko Head Of School | Officer | 40 | $79,459 |
Chris Bianchi Business Manager, Director Of It | Officer | 40 | $61,192 |
Michael Hone President | OfficerTrustee | 2 | $0 |
Michael Ferri Vice President | OfficerTrustee | 2 | $0 |
Victoria Hone Secretary | OfficerTrustee | 2 | $0 |
James Bianchi Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,510,794 |
| All other contributions, gifts, grants, and similar amounts not included above | $612,076 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,122,870 |
| Total Program Service Revenue | $3,749,718 |
| Investment income | $3,468 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,643 |
| Net Income from Fundraising Events | $25,968 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,962,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $820,268 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $211,788 |
| Compensation of current officers, directors, key employees. | $121,390 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,998,867 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $367,258 |
| Payroll taxes | $143,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,602 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $478 |
| Fees for services: Other | $107,775 |
| Advertising and promotion | $1,597 |
| Office expenses | $27,990 |
| Information technology | $82,325 |
| Royalties | $0 |
| Occupancy | $203,396 |
| Travel | $132,463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $251,982 |
| Insurance | $0 |
| All other expenses | $79,602 |
| Total functional expenses | $4,837,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,716,907 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,926,900 |
| Accounts receivable, net | $588,547 |
| 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 | $79,275 |
| Net Land, buildings, and equipment | $3,139,807 |
| Investments—publicly traded securities | $450,827 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,902,263 |
| Accounts payable and accrued expenses | $211,354 |
| Grants payable | $0 |
| Deferred revenue | $1,206,346 |
| 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 | $1,629,669 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $548,000 |
| Total liabilities | $3,595,369 |
| Net assets without donor restrictions | $1,866,503 |
| Net assets with donor restrictions | $2,440,391 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,902,263 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Killington Mountain School Inc has recieved totaling $97,620.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $50,000 |
Salmon Foundation Inc New York, NY PURPOSE: FOR OPERATIONS | $35,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,620 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |
Learning Through An Expanded Arts Program Inc New York, NY | $2,991,832 | $9,986,466 |
Unbounded Learning Inc New York, NY | $10,202,052 | $11,682,333 |