Totals
- Total revenue
- $12,180,959
- Total expenses
- $7,932,695
- Contributions and grants received
- $681,510
- Grants paid
- $0
- Program service revenue
- $11,241,507
- Investment income
- $749,540
- Other revenue
- -$491,598
- Total assets, end of year
- $21,315,373
- Total liabilities, end of year
- $2,378,591
- Net assets or fund balances, end of year
- $18,936,782
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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)
$681,510
-
2a · Program service revenue: MEMBERSHIP DUES AND ASSESSMENTS
total $5,622,500 · related or exempt $5,622,500
-
2b · Program service revenue: INITIATION FEES
total $3,523,809 · related or exempt $3,523,809
-
2c · Program service revenue: SKI SCHOOL
total $829,900 · related or exempt $826,060 · unrelated business $3,840
-
2d · Program service revenue: MEMBER SERVICES & ACTIVITIES
total $305,342 · related or exempt $305,342
-
2e · Program service revenue: FACILITY OPERATIONS
total $249,241 · related or exempt $249,241
-
2f · All other program service revenue
total $710,715 · related or exempt $639,535 · unrelated business $71,180
-
3 · Investment income
total $152,616 · unrelated business $152,616
-
7a · Gross sales of assets other than inventory
other assets $600,000
-
7b · Less cost or other basis and sales expenses
other assets $3,076
-
7c · Gain or loss
other assets $596,924
-
7d · Net gain or loss
total $596,924 · related or exempt -$3,076 · unrelated business $600,000
-
10a · Gross sales of inventory
$1,166,851
-
10b · Cost of goods sold
$1,738,927
-
10c · Net income from sales of inventory
total -$572,076 · related or exempt -$523,462 · unrelated business -$48,614
-
11a · Other revenue: OTHER INCOME
total $80,478 · related or exempt $80,478
-
11e · Other revenue, total
$80,478
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $271,827
-
7 · Other salaries and wages
total $1,191,315
-
10 · Payroll taxes
total $317,017
-
11a · Fees: management
total $5,785
-
11b · Fees: legal
total $26,273
-
11c · Fees: accounting
total $40,750
-
12 · Advertising and promotion
total $7,385
-
13 · Office expenses
total $27,212
-
16 · Occupancy
total $1,238,018
-
20 · Interest
total $56,711
-
22 · Depreciation, depletion and amortization
total $860,718
-
23 · Insurance
total $263,624
-
24a · Other expenses: FULL TIME/YEAR ROUND
total $1,324,673
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $326,062
-
24c · Other expenses: INCOME TAX
total $195,621
-
24d · Other expenses: CONTRACT SERVICES
total $195,037
-
24e · All other expenses
total $1,584,667
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,424,385 · end of year $9,691,109
-
2 · Savings and temporary cash investments
beginning of year $909 · end of year $3,797
-
4 · Accounts receivable
beginning of year $130,697 · end of year $427,011
-
8 · Inventories for sale or use
beginning of year $194,469 · end of year $217,037
-
9 · Prepaid expenses and deferred charges
beginning of year $50,365 · end of year $22,032
-
10a · Land, buildings and equipment: cost or other basis
$12,797,847
-
10b · Land, buildings and equipment: accumulated depreciation
$1,963,269
-
10c · Land, buildings and equipment, net
beginning of year $8,550,490 · end of year $10,834,578
-
15 · Other assets
beginning of year $0 · end of year $119,809
-
17 · Accounts payable and accrued expenses
beginning of year $75,297 · end of year $241,675
-
19 · Deferred revenue
beginning of year $516,500 · end of year $816,250
-
25 · Other liabilities
beginning of year $1,615,000 · end of year $1,320,666
-
27 · Net assets without donor restrictions
beginning of year $15,144,518 · end of year $18,936,782
Mission and programs · 2022
Mission
HERMITAGE MEMBERS CLUB, INC., A VERMONT NON-PROFIT CORPORATION, IS ORGANIZED FOR THE PURPOSE OF OPERATING AS A PRIVATE SOCIAL CLUB FOR THE RECREATIONAL AND SOCIAL BENEFITS OF ITS MEMBERS.
Activities or mission (Part I)
A PRIVATE SOCIAL CLUB PRIMARILY INVOLVED WITH SKIIING AND SNOWBOARDING DURING THE WINTER MONTHS FOR ITS MEMBERS, BUT OFFERING A RANGE OF OUTDOOR ACTIVITIES DURING THE REMAINING MONTHS.
-
SNOW SPORTS - TO PROVIDE MEMBERS WITH A MULTITUDE OF RECREATIONAL OUTDOOR ACTIVITIES ON OUR PRIVATE 1,400 ACRE RETREAT.
-
FOOD AND BEVERAGE OPERATIONS - TO PROVIDE MEMBERS AND THEIR GUESTS WITH AN OPPORTUNITY FOR DINING AND SOCIALIZING.
As filed on the 2022 return.
Listed in Part VII
-
Bill AllenBILL ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Alison ChaltasALISON CHALTAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Lori McHughLORI MCHUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Stuart KovenskySTUART KOVENSKY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Tim DonahueTIM DONAHUE
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Jeff KoslowskyJEFF KOSLOWSKY
BOARD EMERITUS
- Total calculated
- $0
- Hours/week
- 5
-
Jeremy PicinniJEREMY PICINNI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Megan HodgsonMEGAN HODGSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Chris CroftCHRIS CROFT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 15
-
Tim TreanorTIM TREANOR
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
William BenneyanWILLIAM BENNEYAN
EXECUTIVE DIRECTOR/GM
- Total calculated
- $252,789
- From this org
- $252,789
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $252,789
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $252,789
-
Aaron SherrittAARON SHERRITT
DIRECTOR OF MOUNTAIN OPERA
- Total calculated
- $120,269
- From this org
- $120,269
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
James RankinJAMES RANKIN
DIRECTOR
- Total calculated
- $134,831
- From this org
- $134,831
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
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
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322549349301022
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