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← CENTER OF EXCELLENCE PROPERTIES FUND

Form 990 for tax year 2023

Filed by CENTER OF EXCELLENCE PROPERTIES FUND.

Totals

Total revenue
$2,253,275
Total expenses
$2,217,555
Contributions and grants received
$0
Grants paid
$900,000
Program services expenses (Part IX)
$1,962,297
Management and general expenses
$255,258
Fundraising expenses
$0
Program service expenses (Part III)
$1,962,297

Program services were 88.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Brooke McAffee

    CFO/ Secretary-Treasurer

    Total calculated
    $358,741
    From this org
    $26,271
    From related orgs
    $324,012
    Other
    $8,458
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $21,203 + $261,505 related
    Bonus
    $5,068 + $62,507 related
    Other
    $0
    Deferred
    $634 + $7,824 related
    Nontaxable benefits
    $0
    Filer's total
    $26,905 + $331,836 related

  • Kipp Nelson

    Board Chair

    Total calculated
    $0
    Hours/week
    1 + 2.3 related

  • Steve Strandberg

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Sophie Goldschmidt

    CEO

    Total calculated
    $961,904
    From this org
    $23,374
    From related orgs
    $911,583
    Other
    $26,947
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $14,149 + $551,808 related
    Bonus
    $9,225 + $359,775 related
    Other
    $0
    Deferred
    $301 + $11,733 related
    Nontaxable benefits
    $373 + $14,540 related
    Filer's total
    $24,048 + $937,856 related

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 — 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

None.

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

The filer's explanations (Part III)

Part I, Line 3
All compensation is paid through a related party, the United States Ski Association. The Board of the United States Ski Association appoints a compensation committee, comprised solely of independent directors, none of whom have a conflict of interest with respect to the compensation arrangement, to be accountable for setting reasonable compensation packages for each officer and key employee. The compensation committee reviews the compensation each year and a compensation study is performed as needed.

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

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
20 December 2024
IRS schema version
2023v5.1
Source object
202403589349300530

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