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← CENTER OF EXCELLENCE PROPERTIES FUND

Form 990 for tax year 2024

Filed by CENTER OF EXCELLENCE PROPERTIES FUND.

Totals

Total revenue
$2,266,066
Total expenses
$2,198,088
Contributions and grants received
$0
Grants paid
$900,000
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$1,927,245
Management and general expenses
$270,843
Fundraising expenses
$0
Program service expenses (Part III)
$1,927,245

Program services were 87.7% 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
    $381,539
    From this org
    $18,559
    From related orgs
    $352,635
    Other
    $10,345
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $14,944 + $283,945 related
    Bonus
    $3,615 + $68,690 related
    Other
    $0
    Deferred
    $517 + $9,828 related
    Nontaxable benefits
    $0
    Filer's total
    $19,076 + $362,463 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

    Chief Executive Officer

    Total calculated
    $1,199,050
    From this org
    $29,312
    From related orgs
    $1,143,173
    Other
    $26,565
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $14,712 + $573,773 related
    Bonus
    $14,600 + $569,400 related
    Other
    $0
    Deferred
    $246 + $9,582 related
    Nontaxable benefits
    $418 + $16,319 related
    Filer's total
    $29,976 + $1,169,074 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, 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Center of Excellence Properties Fund LLC

    Owns training center and building in support of athletes. · UT · income $2,196,000 · assets $13,415,696

    Directly controlled by Center of Excellence Properties Fund

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
5 February 2026
IRS schema version
2024v5.5
Source object
202630409349301008

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