Mt Mansfield Ski Club & Academy Inc

Stowe, VT
Tax-exempt since July 1998
EIN: 03-0354068

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Secondary, High School (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school

Organization is a school. Details are reported on Schedule E.

Revenue

$4.34M (2023)

Expenses

$4.33M (2023)

Total Assets

$7.76M (2023)

Total Liabilities

$3.54M (2023)

Years with multiple filings

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Revenue

$4,340,919

Expenses

$4,328,255

Net Income

$12,664

Net Assets

$4,225,691

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$305,246	7.0%
Program Services	$3,921,186	90.3%
Investment Income	$36,968	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$77,519	1.8%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$130,787	3.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,221,087	51.3%

Assets/Debt
Total Assets	$7,761,505
Total Liabilities	$3,535,814
Net Assets	$4,225,691

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Igor Vanovac (Executive Director)	$130,787	$0	$0
Lori Furrer (Academic Director)	$103,155	$0	$0
Terrence Mcnabb (President)	$0	$0	$0
David Merriam (Director)	$0	$0	$0
Ashley Grove (Secretary)	$0	$0	$0
Andrew Arnott (Vice President)	$0	$0	$0
Tad Davis (Director)	$0	$0	$0
Sam Gaines (Treasurer)	$0	$0	$0
Ryan Heraty (Director)	$0	$0	$0

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990

Filed on Feb. 6, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2022

Revenue

$3,366,153

Expenses

$3,136,241

Net Income

$229,912

Net Assets

$3,872,456

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$495,198	14.7%
Program Services	$2,863,613	85.1%
Investment Income	$6,388	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$954	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$145,592	4.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,495,620	47.7%

Assets/Debt
Total Assets	$7,125,746
Total Liabilities	$3,253,290
Net Assets	$3,872,456

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Igor Vanovac (Executive Director)	$130,212	$0	$5,900
Lori Furrer (Academic Director)	$104,073	$0	$4,114
Terrence Mc Nabb (President)	$0	$0	$0
David Merriam (Vice President)	$0	$0	$0
Ashley Grove (Secretary)	$0	$0	$0
Tad Davis (Treasurer)	$0	$0	$0
Andrew Arnot (Vice President)	$0	$0	$0
Sam Gaines (Director)	$0	$0	$0
Jeff Maher (Director (Jul Feb))	$0	$0	$0
Ryan Heraty (Director)	$0	$0	$0

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990

Filed on May 3, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2021

Revenue

$285,919

Expenses

$324,526

Net Income

-$38,607

Net Assets

$3,689,719

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$277,612	97.1%
Program Services	$7,319	2.6%
Investment Income	$988	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$21,846	6.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$157,297	48.5%

Assets/Debt
Total Assets	$6,920,427
Total Liabilities	$3,230,708
Net Assets	$3,689,719

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending April
2021

Revenue

$2,439,010

Expenses

$2,349,162

Net Income

$89,848

Net Assets

$3,722,757

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$260,027	10.7%
Program Services	$2,170,464	89.0%
Investment Income	$4,822	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$43
Net Inventory Sales	$3,740	0.2%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$146,061	6.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,173,928	50.0%

Assets/Debt
Total Assets	$6,922,229
Total Liabilities	$3,199,472
Net Assets	$3,722,757

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Igor Vanovac (Executive Director)	$122,942	$0	$5,600
Lori Furrer (Academic Director)	$101,793	$0	$4,023
Terrence Mc Nabb (President)	$0	$0	$0
David Merriam (Vice President)	$0	$0	$0
Tad Davis (Treasurer)	$0	$0	$0
Ashley Grove (Secretary)	$0	$0	$0
Andrew Arnott (Vice President)	$0	$0	$0
Sam Gaines (Director)	$0	$0	$0
Denise Gutstein (Director (May June))	$0	$0	$0
Jeff Maher (Director)	$0	$0	$0

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990

Filed on March 11, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending April
2020

Revenue

$2,554,090

Expenses

$2,379,759

Net Income

$174,331

Net Assets

$3,610,722

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$263,029	10.3%
Program Services	$2,145,339	84.0%
Investment Income	$22,510	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$26,363	1.0%
Sales of Assets	$89,811	3.5%
Net Inventory Sales	$4,395	0.2%
Other Revenue	$2,643	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$245,388	10.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$975,463	41.0%

Assets/Debt
Total Assets	$5,744,928
Total Liabilities	$2,134,206
Net Assets	$3,610,722

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending April
2019

Revenue

$4,871,604

Expenses

$2,597,614

Net Income

$2,273,990

Net Assets

$3,528,106

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,222,779	45.6%
Program Services	$2,573,834	52.8%
Investment Income	$28,322	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$35,811	0.7%
Sales of Assets	$6,805	0.1%
Net Inventory Sales	$0
Other Revenue	$803	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$230,632	8.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$995,303	38.3%

Assets/Debt
Total Assets	$4,883,528
Total Liabilities	$1,355,422
Net Assets	$3,528,106

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Lori Furrer (Academic Director)	$92,443	$0	$2,062
Igor Vanovac (Executive Director)	$72,172	$0	$16,510
Terrence Mc Nabb (President)	$0	$0	$0
David Merriam (Vice President)	$0	$0	$0
Rb Klinkenberg (Treasurer)	$0	$0	$0
Ashley Grove (Secretary)	$0	$0	$0
Andrew Arnott (Director)	$0	$0	$0
Carey Strobeck (Director)	$0	$0	$0
Tad Davis (Director)	$0	$0	$0

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990

Filed on March 11, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending April
2018

Revenue

$869,919

Expenses

$747,041

Net Income

$122,878

Net Assets

$1,226,580

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$60,685	7.0%
Program Services	$809,321	93.0%
Investment Income	$1	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$2,737	0.3%
Sales of Assets	$0
Net Inventory Sales	-$2,825
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$91,935	12.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$271,955	36.4%

Assets/Debt
Total Assets	$2,106,034
Total Liabilities	$879,454
Net Assets	$1,226,580

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Lori Furrer (Executive Di)	$91,623	$0	$0
Carey Strobeck (Director)	$0	$0	$0
Tad Davis (Director)	$0	$0	$0
Ashley Grove (Director)	$0	$0	$0
Caroline Mortimer (Secretary)	$0	$0	$0
Drew Arnott (Treasurer)	$0	$0	$0
Terry Mcnabb (President)	$0	$0	$0

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990

Filed on July 26, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending April
2017

Revenue

$1,497,056

Expenses

$731,243

Net Income

$765,813

Net Assets

$1,103,702

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$811,399	54.2%
Program Services	$677,039	45.2%
Investment Income	$18	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$6,420	0.4%
Sales of Assets	$4,075	0.3%
Net Inventory Sales	-$1,895
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$89,154	12.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$249,527	34.1%

Assets/Debt
Total Assets	$2,063,488
Total Liabilities	$959,786
Net Assets	$1,103,702

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Lori Furrer (Executive Di)	$89,154	$0	$0
Adam Gutstein (Director)	$0	$0	$0
Tad Davis (Director)	$0	$0	$0
Ashley Grove (Director)	$0	$0	$0
Caroline Mortimer (Secretary)	$0	$0	$0
Drew Arnott (Treasurer)	$0	$0	$0
Terry Mcnabb (President)	$0	$0	$0

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990

Filed on Nov. 30, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending April
2016

Revenue

$759,135

Expenses

$736,598

Net Income

$22,537

Net Assets

$337,889

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$74,694	9.8%
Program Services	$670,540	88.3%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$15,875	2.1%
Sales of Assets	$0
Net Inventory Sales	-$1,974
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$84,849	11.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$264,781	35.9%

Assets/Debt
Total Assets	$1,324,715
Total Liabilities	$986,826
Net Assets	$337,889

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending April
2015

Revenue

$725,605

Expenses

$689,952

Net Income

$35,653

Net Assets

$315,352

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$67,786	9.3%
Program Services	$651,840	89.8%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$6,939	1.0%
Sales of Assets	$0
Net Inventory Sales	-$960
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$81,230	11.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$231,453	33.5%

Assets/Debt
Total Assets	$1,351,084
Total Liabilities	$1,035,732
Net Assets	$315,352

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending April
2014

Revenue

$592,623

Expenses

$637,938

Net Income

-$45,315

Net Assets

$279,699

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$89,558	15.1%
Program Services	$465,741	78.6%
Investment Income	$8	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$39,377	6.6%
Sales of Assets	$0
Net Inventory Sales	-$2,061
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$61,095	9.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$187,240	29.4%

Assets/Debt
Total Assets	$1,337,575
Total Liabilities	$1,057,876
Net Assets	$279,699

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending April
2013

Revenue

$660,733

Expenses

$673,512

Net Income

-$12,779

Net Assets

$325,014

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$95,800	14.5%
Program Services	$552,458	83.6%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$10,523	1.6%
Sales of Assets	$111	0.0%
Net Inventory Sales	$1,841	0.3%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$59,488	8.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$211,679	31.4%

Assets/Debt
Total Assets	$1,412,367
Total Liabilities	$1,087,353
Net Assets	$325,014

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending April
2012

Revenue

$645,914

Expenses

$619,124

Net Income

$26,790

Net Assets

$337,793

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$85,906	13.3%
Program Services	$549,762	85.1%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$12,321	1.9%
Sales of Assets	$0
Net Inventory Sales	-$2,075
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$258,327	41.7%

Assets/Debt
Total Assets	$1,452,182
Total Liabilities	$1,114,389
Net Assets	$337,793

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Types of Nonprofits

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Updated October 30, 2024

Mt Mansfield Ski Club & Academy Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $4.34M (2023)

Expenses $4.33M (2023)

Total Assets $7.76M (2023)

Total Liabilities $3.54M (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending April 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending April 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending April 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending April 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending April 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending April 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending April 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending April 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending April 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

Revenue

$4.34M (2023)

Expenses

$4.33M (2023)

Total Assets

$7.76M (2023)

Total Liabilities

$3.54M (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending April
2021

Fiscal Year Ending April
2020

Fiscal Year Ending April
2019

Fiscal Year Ending April
2018

Fiscal Year Ending April
2017

Fiscal Year Ending April
2016

Fiscal Year Ending April
2015

Fiscal Year Ending April
2014

Fiscal Year Ending April
2013

Fiscal Year Ending April
2012

Fiscal Year Ending April
2011

Fiscal Year Ending April
2010

Fiscal Year Ending April
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002

Fiscal Year Ending June
2001