Flathead Valley Ski Education Foundation
- Assets
- $233.2k
- Revenue
- $427.2k
- Investments
- $0.0
- Employees
- 25
- Location
- Whitefish, MT
- Founding
- 10/1978
- Data as of
- 04/2022
- EIN
- 23-7300629
Organization Overview
Flathead Valley Ski Education Foundation, operating under the name Flathead Valley Ski Education, is located in Whitefish, MT. The organization was established in 1978. 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, Flathead Valley Ski Education employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flathead Valley Ski Education 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, Flathead Valley Ski Education generated $427.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $356.9k during the year ending 04/2022. While expenses have increased by 3.0% per year over the past 7 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
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALPINE SKI RACING AND PROMOTION FOR YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilary Lindh Executive Director | Trustee | 40 | $50,000 |
Roy Loman Program Director | Trustee | 40 | $38,800 |
Tim Hinderman Executive Officer | Trustee | 40 | $38,150 |
Justin Breck Secretary | Officer | 2 | $0 |
Mike Anderson Vice President | Officer | 5 | $0 |
Don Harring President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,954 |
| Total Program Service Revenue | $291,964 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $83,195 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$890 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $427,245 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $121,950 |
| Compensation of current officers, directors, key employees. | $58,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,248 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $710 |
| Advertising and promotion | $3,382 |
| Office expenses | $293 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,425 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,260 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,212 |
| Insurance | $9,400 |
| All other expenses | $0 |
| Total functional expenses | $356,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,984 |
| Savings and temporary cash investments | $118,485 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,459 |
| Prepaid expenses and deferred charges | $2,441 |
| Net Land, buildings, and equipment | $2,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $325 |
| Total assets | $233,217 |
| Accounts payable and accrued expenses | $17,137 |
| 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 | $99,900 |
| Other liabilities | $6,238 |
| Total liabilities | $123,275 |
| Net assets without donor restrictions | $109,942 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $233,217 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Flathead Valley Ski Education Foundation has recieved totaling $25,318.
| Awarding Organization | Amount |
|---|---|
Whitefish Community Foundation Inc Whitefish, MT PURPOSE: FIELDTRIPS, 5TH GRADE SEASON PASS PROGRAM, GENERAL SUPPORT | $25,118 |
Caplin Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bridger Bowl Bozeman, MT | $44,447,307 | $17,478,314 |
Sun Valley Ski Education Foundation Inc Sun Valley, ID | $6,420,389 | $4,613,457 |
Bridger Ski Foundation Bozeman, MT | $1,336,581 | $2,042,765 |
Fargo Hockey Association Fargo, ND | $1,287,012 | $1,819,619 |
Dickinson Youth Activities Inc Dickinson, ND | $2,700,930 | $1,609,260 |
Minot Hockey Boosters Inc Minot, ND | $3,435,728 | $1,899,211 |
Bismarck Figure Skating Club Inc Bismarck, ND | $283,603 | $678,899 |
Schweitzer Alpine Racing School Sandpoint, ID | $522,802 | $784,228 |
Payette Lakes Ski Club Inc McCall, ID | $1,239,677 | $627,451 |
Brookings Ice Skating Association Inc Brookings, SD | $1,595,165 | $2,012,344 |
Aberdeen Amateur Hockey Association Aberdeen, SD | $1,940,866 | $393,933 |
Bogus Basin Ski Education Foundation Inc Boise, ID | $164,503 | $548,494 |