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Nonprofiteer
← ALTERRA MOUNTAIN COMPANY COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by ALTERRA MOUNTAIN COMPANY COMMUNITY FOUNDATION.

Totals

Total revenue
$1,176,709
Total expenses
$1,155,929
Contributions and grants received
$1,117,339
Grants paid
$970,974
Program service revenue
$0
Investment income
$59,370
Other revenue
$0
Total assets, end of year
$1,532,831
Total liabilities, end of year
$118,150
Net assets or fund balances, end of year
$1,414,681
Program services expenses (Part IX)
$1,050,875
Management and general expenses
$105,054
Fundraising expenses
$0
Program service expenses (Part III)
$1,050,875

Program services were 90.9% 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.

  • 1f · All other contributions, gifts and grants

    $1,117,339

  • 3 · Investment income

    total $59,370 · excluded $59,370

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $533,864 · program services $533,864

  • 2 · Grants to domestic individuals

    total $433,352 · program services $433,352

  • 3 · Grants to foreign organizations and individuals

    total $3,758 · program services $3,758

  • 11c · Fees: accounting

    total $45,666 · management and general $45,666

  • 11g · Fees: other

    total $96,603 · program services $78,588 · management and general $18,015

  • 14 · Information technology

    total $15,365 · management and general $15,365

  • 17 · Travel

    total $1,459 · program services $1,313 · management and general $146

  • 23 · Insurance

    total $6,861 · management and general $6,861

  • 24a · Other expenses: LICENSES AND FEES

    total $14,637 · management and general $14,637

  • 24b · Other expenses: BANK FEES

    total $4,364 · management and general $4,364

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,456,909 · end of year $1,480,844

  • 9 · Prepaid expenses and deferred charges

    beginning of year $58,971 · end of year $51,987

  • 17 · Accounts payable and accrued expenses

    beginning of year $65,547 · end of year $22,328

  • 18 · Grants payable

    beginning of year $56,432 · end of year $95,822

  • 27 · Net assets without donor restrictions

    beginning of year $420,984 · end of year $506,247

  • 28 · Net assets with donor restrictions

    beginning of year $972,917 · end of year $908,434

Mission and programs · 2024

Mission

WE INVEST TO SUPPORT A THRIVING MOUNTAIN COMMUNITY.

  • THE FOUNDATION PROVIDES RELIEF AND HARDSHIP ASSISTANCE TO MEMBERS OF THE COMMUNITIES IN WHICH ALTERRA MOUNTAIN COMPANY, AN AFFILIATED ORGANIZATION, SERVES. SUPPORT AND RELIEF ARE PROVIDED TO VICTIMS OF DISASTERS OR THOSE IN EMERGENCY HARDSHIP SITUATIONS SUCH AS THOSE CAUSED BY PANDEMICS, FLOODS, FIRES, RIOTS, STORMS, OR SIMILAR LARGE-SCALE EVENTS. THE FOUNDATION ALSO PROVIDES ASSISTANCE TO THOSE IN NEED DUE TO A SUDDEN ILLNESS, DEATH, ACCIDENT, VIOLENT CRIME OR OTHER EMERGENCY HARDSHIP. GRANTS ARE AVAILABLE TO INDIVIDUALS, BUSINESSES, AND NONPROFIT ORGANIZATIONS.

    Expenses $688,000 · Grants $608,099

  • THE FOUNDATION SUPPORTS MENTAL HEALTH INITIATIVES IN MOUNTAIN COMMUNITIES, FOCUSING ON FOUR PRIMARY PROGRAMS: (1) GRANTS TO MOUNTAIN COMMUNITY SCREENINGS OF "THE PARADISE PARADOX, A FILM THAT EXPLORES THE MENTAL HEALTH CRISES AFFECTING AMERICA'S MOUNTAIN TOWNS AND THE INNOVATIVE SOLUTIONS BEING DEVELOPED IN RESPONSE; (2) SPECIALIZED PSYCHOTHERAPY GRANTS FOR FIRST RESPONDERS IN THE MOUNTAINS: SKI PATROL, BIKE PATROL AND HELI GUIDES; (3) OPTIMIZATION OF BEHAVIORAL HEALTH ACCESS TO FACILITATE CONVENINGS OF IKON PASS COMMUNITY PARTNERS TO ENERGIZE EFFORTS TO IMPROVE LOCAL MENTAL HEALTHCARE SYSTEMS; AND (4) CREATING A RESOURCE COLLECTION FOR ALL IKON PASS RESORTS THAT WILL PROVIDE RESOURCES ON TOPICS INCLUDING SUICIDE PREVENTION, SUBSTANCE ABUSE, EXPERIENCED TRAUMA, GRIEF, SEXUAL CONSENT, HOMESICKNESS, AND MORE.

    Expenses $362,875 · Grants $362,875

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karen Sanford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Brownlie

    DIRECTOR (THROUGH 4/25)

    Total calculated
    $0
    Hours/week
    1

  • Frankie Bevins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandy Chio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Hamilton-Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Julie Bodden

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
5 March 2026
IRS schema version
2024v5.5
Source object
202610649349301621

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