Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1975.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
15 people listed on the 990; $580K paid to officers and key staff.
Carson a Thurber’s $212K as Headmaster is at the 20th percentile of top reported officer pay among 290 $10–100M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Christopher Kaltsas | — | — | — | $286,003 | $605,923 | $225,920 |
| Christopher Kaltsas | — | — | $471,255 | — | — | — |
| Carson a Thurber | $211,644 | $184,311 | — | — | — | — |
| Carson Thurber | — | — | $160,152 | — | — | — |
| Michael Morin | $160,044 | $154,038 | $148,299 | — | — | — |
| Carson Thurber | — | — | — | $155,596 | $124,640 | — |
| Michael T Morin | — | — | — | $139,371 | — | — |
| Michael Morin | — | — | — | — | $130,815 | $129,163 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Offers ski training and college prep academics for student athletes.
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School
Grades 7 through 12
Ski training programs
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.2M | $724K |
| InvestmentsLn 11–13 | $3.2M | $4.0M |
| Land, buildings, equipmentLn 10c | $9.0M | $8.8M |
| Total assetsLn 16 | $13.9M | $14.1M |
| LiabilitiesLn 26 | $7.5M | $7.6M |
| Net assetsLn 32 | $6.4M | $6.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $1.7M | $1.7M | ||
| Grants and assistance to foreign recipientsLn 3 | $50K | $50K | ||
| Pay of current officers, directors and key staffLn 5 | $309K | $309K | ||
| Other salaries and wagesLn 7 | $4.6M | $3.9M | $487K | $190K |
| Other employee benefitsLn 9 | $665K | $531K | $108K | $26K |
| Legal feesLn 11b | $15K | $15K | ||
| Accounting feesLn 11c | $41K | $41K | ||
| Other fees for servicesLn 11g | $113K | $24K | $89K | |
| Advertising and promotionLn 12 | $15K | $15K | ||
| Office expensesLn 13 | $84K | $59K | $24K | |
| Information technologyLn 14 | $103K | $98K | $5K | |
| OccupancyLn 16 | $252K | $223K | $29K | |
| TravelLn 17 | $33K | $7K | $26K | |
| Conferences, conventions and meetingsLn 19 | $20K | $20K | ||
| InterestLn 20 | $352K | $30K | $316K | $6K |
| Depreciation, depletion and amortizationLn 22 | $494K | $408K | $86K | |
| InsuranceLn 23 | $179K | $179K | ||
| Other expenses (24a–d)Ln 24 | $1.7M | $1.4M | $378K | |
| All other expensesLn 24e | $880K | $795K | $70K | $15K |
| Total functional expensesLn 25 | $11.6M | $9.2M | $1.8M | $630K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $11.4M | $11.6M | −$205K | $6.5M | 990 PDF |
| FY2024 | $10.5M | $11.4M | −$849K | $6.4M | 990 PDF |
| FY2023 | $10.5M | $10.5M | −$35K | $7.2M | 990 PDF |
| FY2022 | $9.0M | $8.7M | $301K | $7.2M | 990 PDF |
| FY2021 | $9.6M | $8.0M | $1.6M | $7.2M | 990 PDF |
| FY2020 | $7.2M | $7.5M | −$274K | $5.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $11,395,717 across 9 lines filed
Part IX · Statement of functional expenses $11,601,135 across 19 lines filed
Part X · Balance sheet $14,092,862 assets, 15 lines filed
Part XI · Reconciliation of net assets $6,450,619 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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