Diamond Peak Ski Education Foundation
- Assets
- $492.4k
- Revenue
- $611.7k
- Investments
- $162.8k
- Employees
- 49
- Location
- Incline Village, NV
- Founding
- 10/1991
- Data as of
- 06/2021
- EIN
- 94-3015906
Organization Overview
Diamond Peak Ski Education Foundation is located in Incline Village, NV. The organization was established in 1991. 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, Diamond Peak Ski Education Foundation employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Diamond Peak Ski Education Foundation 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, Diamond Peak Ski Education Foundation generated $611.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $523.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) 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
TO ESTABLISH, ADMINISTER & PROMOTE AN EDUCATIONAL PROGRAM FOR THE DEVELOPMENT AND TRAINING OF SKIERS AS A MEANS OF HEALTHFUL RECREATION & PHYSICAL FITNESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FURTHERANCE OF THE ORGANIZATIONS' OBJECTIVES, THE FOUNDATION HIRES NATIONALLY RECOGNIZED AND CERTIFIED SKI INSTRUCTORS TO PROVIDE MULTIPLE LEVELS OF INSTRUCTION TO APPROXIMATELY 200 PARICIPANTS FROM NOVEMBER TO MAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Wolf Vice President | Officer | 10 | $0 |
Stuart Mcleod President | Officer | 10 | $0 |
Timothy Briggs Treasurer | Officer | 1 | $0 |
Ted Chrissinger Secretary | Officer | 1 | $0 |
Nate Seward Director | Officer | 1 | $0 |
Doug Fulton Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,942 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,568 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,510 |
| Total Program Service Revenue | $357,689 |
| Investment income | $3,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,248 |
| Net Income from Fundraising Events | -$16,002 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $611,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $53,187 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $19,091 |
| 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 | $294,619 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,981 |
| Payroll taxes | $53,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,653 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,093 |
| Advertising and promotion | $0 |
| Office expenses | $7,323 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,593 |
| 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 | $10,863 |
| Insurance | $20,989 |
| All other expenses | $938 |
| Total functional expenses | $523,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,451 |
| Savings and temporary cash investments | $44,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,933 |
| 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 | $12,138 |
| Net Land, buildings, and equipment | $60,554 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $162,782 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $492,358 |
| Accounts payable and accrued expenses | $1,479 |
| 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 | $63,857 |
| Other liabilities | $18,006 |
| Total liabilities | $83,342 |
| 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 | $409,016 |
| Total liabilities and net assets/fund balances | $492,358 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Diamond Peak Ski Education Foundation has recieved totaling $57,562.
| Awarding Organization | Amount |
|---|---|
The Parasol Tahoe Community Foundation Inc Incline Village, NV PURPOSE: B0: Well-Being | $23,436 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $17,065 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $61 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utah Athletic Foundation Park City, UT | $132,812,744 | $41,739,764 |
Coyotes Amateur Hockey Association Scottsdale, AZ | $1,010,325 | $4,778,819 |
Sun Valley Ski Education Foundation Inc Sun Valley, ID | $6,420,389 | $4,613,457 |
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 |
Oregon State Snowmobile Association Bend, OR | $3,168,256 | $2,113,317 |
Ussa Investment Fund Park City, UT | $64,423,914 | $5,414,960 |
Mt Bachelor Sports Education Foundation Bend, OR | $3,761,449 | $2,868,671 |
Arizona Hockey Club Inc Gilbert, AZ | $846,571 | $1,521,398 |
Snowbird Sports Education Foundation Inc Holladay, UT | $656,574 | $1,499,179 |
Growth Opportunities Through Athletics Learning & Service Goals Anaheim, CA | $5,766,668 | $1,764,025 |
Community Skating Inc Palo Alto, CA | $2,290,203 | $1,754,741 |