Skip to content
Nonprofiteer
← FLATHEAD VALLEY SKI EDUCATION FOUNDATION

Form 990 for tax year 2023

Filed by FLATHEAD VALLEY SKI EDUCATION FOUNDATION.

Totals

Total revenue
$685,266
Total expenses
$534,667
Contributions and grants received
$137,245
Grants paid
$0
Program service revenue
$423,844
Investment income
$3,731
Other revenue
$120,446
Total assets, end of year
$492,349
Total liabilities, end of year
$125,165
Net assets or fund balances, end of year
$367,184
Program services expenses (Part IX)
$411,829
Management and general expenses
$122,838
Fundraising expenses
$0
Program service expenses (Part III)
$411,829

Program services were 77.0% 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

    $115,595

  • 1f · All other contributions, gifts and grants

    $21,650

  • 2a · Program service revenue: ALPINE SKIING

    total $394,270 · related or exempt $394,270

  • 2b · Program service revenue: CAMP INCOME

    total $29,574 · related or exempt $29,574

  • 3 · Investment income

    total $9,231 · related or exempt $9,231

  • 7a · Gross sales of assets other than inventory

    other assets $41,000

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

    other assets $46,500

  • 7c · Gain or loss

    other assets -$5,500

  • 7d · Net gain or loss

    total -$5,500 · excluded -$5,500

  • 8a · Fundraising events: gross income

    $147,645

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

    $115,595

  • 8b · Fundraising events: direct expenses

    $18,819

  • 8c · Net income from fundraising events

    total $128,826 · excluded $128,826

  • 10a · Gross sales of inventory

    $10,466

  • 10b · Cost of goods sold

    $18,846

  • 10c · Net income from sales of inventory

    total -$8,380 · related or exempt -$8,380

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $79,167 · management and general $79,167

  • 7 · Other salaries and wages

    total $191,358 · program services $191,358

  • 10 · Payroll taxes

    total $43,465 · program services $36,740 · management and general $6,725

  • 11c · Fees: accounting

    total $26,350 · management and general $26,350

  • 11g · Fees: other

    total $1,204 · management and general $1,204

  • 12 · Advertising and promotion

    total $2,850 · program services $2,850

  • 13 · Office expenses

    total $3,716 · program services $3,716

  • 16 · Occupancy

    total $1,155 · program services $1,155

  • 17 · Travel

    total $274 · program services $274

  • 19 · Conferences, conventions and meetings

    total $605 · program services $605

  • 20 · Interest

    total $5,136 · program services $5,136

  • 22 · Depreciation, depletion and amortization

    total $7,028 · program services $7,028

  • 23 · Insurance

    total $9,392 · management and general $9,392

  • 24a · Other expenses: PROGRAM EXPENSES

    total $140,760 · program services $140,760

  • 24b · Other expenses: CREDIT CARD PROCESSING

    total $10,524 · program services $10,524

  • 24c · Other expenses: EQUIPMENT

    total $8,715 · program services $8,715

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,968 · program services $2,968

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $290,657 · end of year $62,789

  • 2 · Savings and temporary cash investments

    beginning of year $104,169 · end of year $360,064

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

    $77,072

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

    $7,576

  • 10c · Land, buildings and equipment, net

    beginning of year $1,287 · end of year $69,496

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,311 · end of year $3,820

  • 24 · Unsecured notes and loans payable

    beginning of year $100,000 · end of year $100,000

  • 25 · Other liabilities

    beginning of year $64,217 · end of year $21,345

  • 27 · Net assets without donor restrictions

    beginning of year $216,585 · end of year $367,184

Mission and programs · 2023

Mission

FVSEF MISSION IS DEDICATED TO ATHLETIC, ACADEMIC AND PERSONAL EXCELLENCE THROUGH EDUCATIONAL AND COMPETITIVE PROGRAMS IN SKIING. FVSEF PARTICIPANTS BECOME BETTER ATHLETES, BETTER STUDENTS AND BETTER CITIZENS FOR LIFE.

Activities or mission (Part I)

. FVSEF IS DEDICATED TO ATHLETIC, ACADEMIC AND PERSONAL EXCELLENCE THROUGH SKI RACING EDUCATION.

  • ALPINE SKI RACING AND PROMOTION FOR YOUTH.

    Expenses $411,829 · Revenue $424,695

As filed on the 2023 return.

Listed in Part VII

  • Hilary Lindh

    EXECUTIVE DIRECTOR

    Total calculated
    $77,833
    From this org
    $77,833
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tom Heinecke

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Mike Anderson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Cyrus Hadidi

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Justin Breck

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Don Harring

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cari Klepper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Hailey Love

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Victoria Marcial

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Josh Smith

    DIRECTOR

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
11 March 2025
IRS schema version
2023v6.0
Source object
202530739349300838

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.