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Nonprofiteer
← SUN VALLEY SKI EDUCATION FOUNDATION INC

Form 990 for tax year 2023

Filed by SUN VALLEY SKI EDUCATION FOUNDATION INC.

Totals

Total revenue
$5,935,230
Total expenses
$5,924,528
Contributions and grants received
$1,712,932
Grants paid
$550,910
Program service revenue
$3,984,419
Investment income
$212,408
Other revenue
$25,471
Total assets, end of year
$7,800,794
Total liabilities, end of year
$112,412
Net assets or fund balances, end of year
$7,688,382
Program services expenses (Part IX)
$5,023,444
Management and general expenses
$659,991
Fundraising expenses
$241,093
Program service expenses (Part III)
$5,023,444

Program services were 84.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $759,508

  • 1f · All other contributions, gifts and grants

    $953,424

  • 1g · Noncash contributions included above

    $67,819

  • 2a · Program service revenue: TUITION INCOME

    total $2,777,779 · related or exempt $2,777,779

  • 2b · Program service revenue: TRAVEL & TRAINING INCOME

    total $986,416 · related or exempt $986,416

  • 2c · Program service revenue: HOST COMPETITION

    total $148,189 · related or exempt $148,189

  • 2d · Program service revenue: ADMIN SERVICES FOR ROTARUN

    total $35,000 · related or exempt $35,000

  • 2e · Program service revenue: SVCS REVENUE SHARE

    total $28,500 · related or exempt $28,500

  • 2f · All other program service revenue

    total $8,535 · related or exempt $8,535

  • 3 · Investment income

    total $194,099 · excluded $194,099

  • 7a · Gross sales of assets other than inventory

    securities $154,903 · other assets $41,413

  • 7b · Less cost or other basis and sales expenses

    securities $170,024 · other assets $7,983

  • 7c · Gain or loss

    securities -$15,121 · other assets $33,430

  • 7d · Net gain or loss

    total $18,309 · related or exempt $32,017 · excluded -$13,708

  • 8a · Fundraising events: gross income

    $107,554

  • 8a · Fundraising events: contributions included on line 1c

    $759,508

  • 8b · Fundraising events: direct expenses

    $155,929

  • 8c · Net income from fundraising events

    total -$48,375

  • 11a · Other revenue: OTHER INCOME

    total $65,110 · excluded $65,110

  • 11b · Other revenue: CREDIT CARD REWARDS

    total $4,577 · excluded $4,577

  • 11c · Other revenue: MERCHANDISE SALES

    total $4,159 · excluded $4,159

  • 11e · Other revenue, total

    $73,846

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $550,910 · program services $550,910

  • 7 · Other salaries and wages

    total $2,773,330 · program services $2,351,587 · management and general $324,292 · fundraising $97,451

  • 8 · Pension plan contributions

    total $42,177 · program services $28,915 · management and general $11,205 · fundraising $2,057

  • 9 · Other employee benefits

    total $171,777 · program services $89,287 · management and general $82,490

  • 10 · Payroll taxes

    total $201,985 · program services $164,997 · management and general $29,532 · fundraising $7,456

  • 11b · Fees: legal

    total $20,210 · program services $17,550 · management and general $2,660

  • 11c · Fees: accounting

    total $15,251 · management and general $15,251

  • 11f · Fees: investment management

    total $18,247 · management and general $18,247

  • 11g · Fees: other

    total $793 · management and general $793

  • 12 · Advertising and promotion

    total $34,078 · program services $5,137 · management and general $5,910 · fundraising $23,031

  • 13 · Office expenses

    total $15,668 · program services $1,206 · management and general $13,936 · fundraising $526

  • 14 · Information technology

    total $37,152 · program services $3,422 · management and general $26,806 · fundraising $6,924

  • 16 · Occupancy

    total $41,722 · program services $32,200 · management and general $9,122 · fundraising $400

  • 17 · Travel

    total $860,674 · program services $860,674

  • 22 · Depreciation, depletion and amortization

    total $247,942 · program services $247,942

  • 23 · Insurance

    total $203,903 · program services $188,527 · management and general $13,242 · fundraising $2,134

  • 24a · Other expenses: HOST COMPETITION EXPENSE

    total $125,447 · program services $125,447

  • 24b · Other expenses: COGS

    total $67,523 · fundraising $67,523

  • 24c · Other expenses: MAINTENANCE

    total $64,892 · program services $63,523 · management and general $1,369

  • 24d · Other expenses: BANK/CREDIT CARD

    total $64,835 · management and general $64,835

  • 24e · All other expenses

    total $366,012 · program services $292,120 · management and general $40,301 · fundraising $33,591

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $99,317 · end of year $103,592

  • 2 · Savings and temporary cash investments

    beginning of year $1,096,457 · end of year $1,076,251

  • 4 · Accounts receivable

    beginning of year $52,778 · end of year -$40,222

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,616 · end of year $32,234

  • 10a · Land, buildings and equipment: cost or other basis

    $4,849,009

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,350,387

  • 10c · Land, buildings and equipment, net

    beginning of year $2,720,670 · end of year $2,498,622

  • 11 · Investments: publicly traded securities

    beginning of year $3,632,406 · end of year $4,130,317

  • 17 · Accounts payable and accrued expenses

    end of year $45,567

  • 19 · Deferred revenue

    beginning of year $139,950 · end of year $64,300

  • 25 · Other liabilities

    beginning of year $3,494 · end of year $2,545

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,474,800 · end of year $7,688,382

Mission and programs · 2023

Mission

THE SUN VALLEY SKI EDUCATION FOUNDATION, INC. IS DEDICATED TO PROVIDING WINTER SPORTS PROGRAMS FOR THE YOUTH OF THE WOOD RIVER VALLEY, TO INCLUDE ALL ABILITY AND INTEREST LEVELS, REGARDLESS OF EACH PARTICIPANT'S ECONOMIC LEVEL. THE PRIMARY GOAL OF THE PROGRAM IS TO ASSIST EACH PARTICIPANT IN REACHING HIS/HER DESIRED ATHLETIC AND ACADEMIC POTENTIAL, WHILE DEVELOPING THE LIFELONG SKILLS OF GOAL-SETTING, SELF-DISCIPLINE, SPORTSMANSHIP, AND TIME MANAGEMENT.

  • ALPINE SKIING PROGRAM

    Expenses $2,154,930 · Grants $150,153 · Revenue $1,767,226

  • CROSS COUNTRY SKIING PROGRAM

    Expenses $1,214,275 · Grants $84,852 · Revenue $833,223

  • FREESTYLE PROGRAM

    Expenses $327,652 · Grants $698 · Revenue $339,630

  • OTHER VARIOUS ACADEMIC AND OLYMPIC DEVELOPMENT PROGRAMS

    Expenses $1,326,587 · Grants $315,206 · Revenue $1,044,340

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dave Wilson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Scott Robinson

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Olin Glenne

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Heather Black

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Liz Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Andrew Cooley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Halstead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Wally Limburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Clay Sammis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Stacey Timmons Ehleringer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Curtis Pepin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven E Sundeberg

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Regan Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott McGrew

    EXECUTIVE DI

    Total calculated
    $171,183
    From this org
    $161,667
    From related orgs
    $0
    Other
    $9,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,667
    Bonus
    $25,000
    Other
    not reported
    Deferred
    $9,516
    Nontaxable benefits
    not reported
    Filer's total
    $171,183

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
10 February 2025
IRS schema version
2023v6.0
Source object
202530349349301723

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