Cochrans Ski Area Inc
- Assets
- $1.4m
- Revenue
- $674.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Richmond, VT
- Founding
- 02/1999
- Data as of
- 04/2022
- EIN
- 03-0357742
Organization Overview
Cochrans Ski Area Inc is located in Richmond, VT. The organization was established in 1999. 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 04/2022, Cochrans Ski Area Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cochrans Ski Area 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 04/2022, Cochrans Ski Area Inc generated $674.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $536.3k during the year ending 04/2022. While expenses have increased by 6.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL - THE ORGANIZATION'S PRIMARY PURPOSE IS PROVIDING FAMILY ORIENTED ALPINE SKIING INSTRUCTION, EXPERIENCE AND RACING TO ALL SKIERS WITH AN EMPHASIS ON YOUTH OLYMPIC COMPETITION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKI PASS SKIING - INCREASING SKIING SKILLS FOR MEMBER FAMILIES, ENJOYING THE FACILITIES IN A FAMILY ENVIRONMENT. SKI PASSES PURCHASED BY THE FAMILY UNIT NORMALLY BEFORE THE SEASON BEGINS OR ON A DAILY BASIS.
SKI TOT PROGRAM - INSTRUCTIONAL GUIDANCE AND SUPPORT TO PARENTS ON HOW TO TEACH AND ENCOURANCE THEIR CHILDREN THE SPORT OF SKIING. FURTHER INTRODUCTION AND INSTRUCTION TO CHILDREN AGES 3-5 IN HOW TO ALPINE SKI HIGH SCHOOL RACE PROGRAM - PROVIDES AFFORDABLE FACILITIES AND PROGRAM SUPPORT FOR AFTER SCHOOL SKI RACE TRAINING FOR TEENAGERS IN NORTHER VERMONT SKI RENTALS - AFFORDABLE EQUIPMENT RENTAL FOR THOSE WITHOUT MEANS FOR OWNERSHIP & LODGE CAFE
DAY LESSONS - INDIVIDUAL SKI INSTRUCTION FOR PARENTS AND THEIR CHILDREN PROVIDED ON A DAILY BASIS
SKI SCHOOL PROGRAM - ORGANIZED INSTRUCTION TO CHILDREN AGES 6 AND OVER THROUGH LOCAL SCHOOLS. 3 SESSIONS OVER THE SEASON CONSISTING OF 1O HOURS PER WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Diamond President | Officer | 10 | $0 |
Mark Horton Vice-President | Officer | 10 | $0 |
Steve Kelley Treasurer | Officer | 10 | $0 |
Barbara Ann Cochran Director | OfficerTrustee | 15 | $15,213 |
Chris Sleasar Secretary | Officer | 1 | $0 |
Tom Cochran Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,329 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,927 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $674,489 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,114 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $375 |
| Payroll taxes | $15,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,035 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,705 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $536,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323,912 |
| Savings and temporary cash investments | $180,701 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,391,572 |
| Accounts payable and accrued expenses | $13,739 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,739 |
| Net assets without donor restrictions | $1,377,833 |
| 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 |
| Total liabilities and net assets/fund balances | $1,377,833 |