Directors Invitational Ski Classic Inc
- Assets
- $104.8k
- Revenue
- -$4.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Basalt, CO
- Founding
- 01/1984
- Data as of
- 06/2021
- EIN
- 36-3255903
Organization Overview
Directors Invitational Ski Classic Inc is located in Basalt, CO. The organization was established in 1984. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Directors Invitational Ski Classic 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, Directors Invitational Ski Classic Inc generated -$4.8k 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 (21.7%) each year.
Since 2016, Directors Invitational Ski Classic Inc has awarded 12 individual grants totaling $461,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CORPORATION IS TO FOSTER NATIONAL OR INTERNATIONAL AMATEUR SPORT COMPETITION AND EDUCATION. TO FURTHER SUCH PURPOSE THE CORPORATION SHALL PROMOTE SKI EDUCATION AND TRAINING AND SHALL HOLD COMPETITIVE SKI MEETS. THE PROCEEDS OF DONATIONS AND REGISTRATION FEES ARE DONATED TO VARIOUS SKI-RELATED CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OFFERS EVENTS TO THE PUBLIC FOR EDUCATION ABOUT AMATEUR SKI RACING AND OFFERS A VENUE FOR ATHLETES TO COMPETE AT THE AMATUER LEVEL. THIS YEAR THERE WERE NO EVENTS HELD DUE TO COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Babbitz Bobbi Board Mbr/tr | OfficerTrustee | 0.5 | $0 |
Thorvilson William Board Memb/s | OfficerTrustee | 0.5 | $0 |
Boland Daniel R Board Mbr/vi | OfficerTrustee | 0.5 | $0 |
Hamilton Kristen President | OfficerTrustee | 0.5 | $0 |
Riegsecker Shawn Board Mbr/ch | OfficerTrustee | 0.5 | $0 |
Dusek Christine Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,733 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,733 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,572 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$4,839 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| 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 | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,786 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $104,786 |
| Accounts payable and accrued expenses | $624 |
| 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 | $83,970 |
| Total liabilities | $84,594 |
| Net assets without donor restrictions | $20,192 |
| 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 | $104,786 |
Grants Awarded
Over the last fiscal year, Directors Invitational Ski Classic Inc has awarded $262,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Park City, UT | | $80,000 |
Park City, UT | | $80,000 |
Park City, UT | | $80,000 |
Telluride, CO | | $7,500 |
Telluride, CO | | $7,500 |
Telluride, CO | | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Directors Invitational Ski Classic Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ski And Snowboard Club Vail Vail, CO | $13,295,596 | $9,159,333 |
Steamboat Springs Winter Sports Club Inc Steamboat Springs, CO | $1,668,476 | $5,975,021 |
Aspen Valley Ski-Snowboard Club Inc Aspen, CO | $7,027,806 | $6,714,655 |
Cooper Hill Ski Area Inc Leadville, CO | $7,003,868 | $5,855,683 |
Coyotes Amateur Hockey Association Scottsdale, AZ | $1,010,325 | $4,778,819 |
American Alpine Club Golden, CO | $9,490,812 | $5,208,382 |
Utah Ski Association Salt Lake City, UT | $2,005,466 | $3,369,684 |
Usa Nordic Sport Inc Park City, UT | $182,007 | $3,079,975 |
Littleton Hockey Association Littleton, CO | $1,019,905 | $2,579,388 |
Ussa Investment Fund Park City, UT | $64,423,914 | $5,414,960 |
The Foundation Steamboat Springs Winter Sports Club Steamboat Springs, CO | $7,538,901 | $2,778,036 |
Colorado Thunderbirds Aaa Hockey Association Inc Morrison, CO | $1,725,907 | $2,075,031 |