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Nonprofiteer
← BURKE MOUNTAIN ACADEMY INC

Form 990 for tax year 2023

Filed by BURKE MOUNTAIN ACADEMY INC.

Totals

Total revenue
$10,567,399
Total expenses
$9,111,476
Contributions and grants received
$2,335,573
Grants paid
$1,100,888
Program service revenue
$7,105,941
Investment income
$912,811
Other revenue
$213,074
Total assets, end of year
$23,853,344
Total liabilities, end of year
$2,596,024
Net assets or fund balances, end of year
$21,257,320
Program services expenses (Part IX)
$7,005,512
Management and general expenses
$1,377,575
Fundraising expenses
$728,389
Program service expenses (Part III)
$7,005,512

Program services were 76.9% 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.

  • 1e · Government grants (contributions)

    $844,112

  • 1f · All other contributions, gifts and grants

    $1,491,461

  • 1g · Noncash contributions included above

    $1,848

  • 2a · Program service revenue: TUITION AND FEES

    total $5,088,685 · related or exempt $5,088,685

  • 2b · Program service revenue: TRAINING AND COMPETITION

    total $1,962,644 · related or exempt $1,962,644

  • 2c · Program service revenue: OTHER

    total $54,612 · related or exempt $54,612

  • 3 · Investment income

    total $338,870 · excluded $338,870

  • 7a · Gross sales of assets other than inventory

    securities $12,167,746 · other assets $3,173

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

    securities $11,596,978 · other assets $0

  • 7c · Gain or loss

    securities $570,768 · other assets $3,173

  • 7d · Net gain or loss

    total $573,941 · excluded $573,941

  • 11a · Other revenue: MISCELLANEOUS

    total $213,074 · related or exempt $115,514 · excluded $97,560

  • 11e · Other revenue, total

    $213,074

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $741,388 · program services $741,388

  • 3 · Grants to foreign organizations and individuals

    total $359,500 · program services $359,500

  • 5 · Compensation of officers, directors and key employees

    total $344,576 · management and general $172,288 · fundraising $172,288

  • 7 · Other salaries and wages

    total $2,807,838 · program services $2,110,659 · management and general $502,481 · fundraising $194,698

  • 8 · Pension plan contributions

    total $97,030 · program services $72,938 · management and general $17,364 · fundraising $6,728

  • 9 · Other employee benefits

    total $488,432 · program services $396,058 · management and general $75,065 · fundraising $17,309

  • 10 · Payroll taxes

    total $203,300 · program services $150,912 · management and general $38,293 · fundraising $14,095

  • 11b · Fees: legal

    total $10,985 · management and general $10,985

  • 11c · Fees: accounting

    total $43,750 · management and general $43,750

  • 11f · Fees: investment management

    total $34,290 · management and general $34,290

  • 12 · Advertising and promotion

    total $66,903 · fundraising $66,903

  • 16 · Occupancy

    total $342,459 · program services $269,075 · management and general $61,153 · fundraising $12,231

  • 17 · Travel

    total $1,590,566 · program services $1,499,901 · management and general $45,152 · fundraising $45,513

  • 20 · Interest

    total $51,622 · program services $40,560 · management and general $9,218 · fundraising $1,844

  • 22 · Depreciation, depletion and amortization

    total $465,880 · program services $336,945 · management and general $107,446 · fundraising $21,489

  • 23 · Insurance

    total $117,596 · program services $4,840 · management and general $112,756

  • 24a · Other expenses: TRAINING AND COMPETITIO

    total $523,303 · program services $523,303

  • 24b · Other expenses: INVENTORY AND SUPPLIES

    total $338,960 · program services $338,960

  • 24c · Other expenses: MEMBERSHIPS AND SUBSCRI

    total $107,793 · fundraising $107,793

  • 24e · All other expenses

    total $375,305 · program services $160,473 · management and general $147,334 · fundraising $67,498

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $314,199 · end of year $13,310

  • 2 · Savings and temporary cash investments

    beginning of year $224,365 · end of year $204,730

  • 3 · Pledges and grants receivable

    beginning of year $1,838,130 · end of year $3,024,988

  • 4 · Accounts receivable

    beginning of year $363,125 · end of year $196,410

  • 8 · Inventories for sale or use

    beginning of year $27,170 · end of year $25,109

  • 9 · Prepaid expenses and deferred charges

    beginning of year $140,298 · end of year $177,000

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

    $14,524,568

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

    $6,651,074

  • 10c · Land, buildings and equipment, net

    beginning of year $8,273,202 · end of year $7,873,494

  • 11 · Investments: publicly traded securities

    beginning of year $10,368,049 · end of year $11,811,146

  • 12 · Investments: other securities

    beginning of year $55,508 · end of year $46,356

  • 15 · Other assets

    beginning of year $480,801 · end of year $480,801

  • 17 · Accounts payable and accrued expenses

    beginning of year $199,117 · end of year $272,967

  • 19 · Deferred revenue

    beginning of year $821,752 · end of year $909,715

  • 23 · Secured mortgages and notes payable

    beginning of year $1,782,401 · end of year $1,413,342

  • 27 · Net assets without donor restrictions

    beginning of year $7,424,058 · end of year $8,305,564

  • 28 · Net assets with donor restrictions

    beginning of year $11,857,519 · end of year $12,951,756

Mission and programs · 2023

Mission

BURKE MOUNTAIN ACADEMY (BMA) PROVIDES PASSIONATE SKI RACERS THE OPPORTUNITY TO PURSUE THEIR LIMITLESS ACADEMIC AND ATHLETIC POTENTIAL IN A COMMUNITY BASED ON TRUST. (CONTINUES IN SCHEDULE O)(CONTINUED)WE EMBRACE AN ETHOS IN WHICH HARD WORK IS HELD IN THE HIGHEST ESTEEM, AND BELIEVE RISKING FAILURE AND LEARNING FROM SUCCESS ARE EXCEPTIONAL PREPARATION FOR LIFE BEYOND BURKE.

Activities or mission (Part I)

SECONDARY EDUCATION AND SKI TRAINING INSTITUTION.

  • BMA IS A PRIVATE, NOT-FOR-PROFIT, NON-TRADITIONAL SCHOOL INCORPORATED IN THE STATE OF VERMONT. BMA ENABLES YOUNG INDIVIDUALS TO SIMULTANEOUSLY PURSUE RIGOROUS OBJECTIVES IN SKI RACING AND ACADEMICS. BMA CONDUCTS ITS TRADITIONAL ACADEMIC PROGRAMS SEPTEMBER THROUGH JUNE AS WELL AS VARIOUS TRAINING PROGRAMS DURING THE WINTER AND SUMMER PERIODS.

    Expenses $7,005,512 · Grants $1,100,888 · Revenue $7,221,455

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

Listed in Part VII

  • COLIN DEVORE

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER GRUMHAUS

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JAMES DEVENDORF

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LINDSAY CONE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SHAWN BYRON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN DATOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CW ESTOFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARJORIE FRIEDMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRANDON LAWRENCE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EDITH MORGAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS ROLFS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHANE SARTY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLY BOOKER

    HEAD OF SCHOOL

    Total calculated
    $303,205
    From this org
    $212,250
    From related orgs
    $0
    Other
    $90,955
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,250
    Bonus
    $0
    Other
    $0
    Deferred
    $45,000
    Nontaxable benefits
    $45,955
    Filer's total
    $303,205

  • JESSE HUNT

    SPORT DIRECTOR

    Total calculated
    $179,457
    From this org
    $163,250
    From related orgs
    $0
    Other
    $16,207
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,250
    Bonus
    $0
    Other
    $0
    Deferred
    $8,125
    Nontaxable benefits
    $8,082
    Filer's total
    $179,457

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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 1A
BMA OWNS A PROPERTY WHICH IS USED BY THE HEAD OF SCHOOL AS A RESIDENCE FOR PERSONAL USE.

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
13 October 2025
IRS schema version
2023v6.0
Source object
202502879349300015

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