Pico Ski Education Foundation FY2020 filing

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The organization's mission is to raise funds and enhance community awareness to encourage and enable young athletes to participate in the sport of ski racing and support the alpine ski racing program at Pico Mountain in Killington, Vermont.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 03-0265765) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
50¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $9K a year · 8% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
50%
of spending
50% of spending went to programs.
Pt IX · Ln 25 · col B
64.9 mo
of spending, in cash
64.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $3K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
17
of 17 voting members
17 of 17 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$108K
Spent
$34K
To programs
50%
Net assets
$571K
By yearFY2020–FY2025
Revenue
$108K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$108K
FY2021$126K
FY2022$197K
FY2023$52K
FY2024$81K
FY2025$76K
Expenses
$34K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$34K
FY2021$88K
FY2022$332K
FY2023$36K
FY2024$44K
FY2025$55K
Net assets
$571K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$571K
FY2021$609K
FY2022$474K
FY2023$491K
FY2024$531K
FY2025$553K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $17K Management & general 40% · $13K Fundraising 10% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Pico Ski Education Foundation executive salaries →

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 15aNo

Programs and updates

Supports young athletes in ski racing and Pico Mountain's alpine program.

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3 programs · $17K · in their own filed words · FY2020
01

Provided direct support to the Pico Ski Racing program to make ski trail improvements to training and racing venue. Improvements will provide better access to training and racing terrain while enhancing safety for youth racers.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 03-0265765) · Dispute this line
$8Kprogram expense
02

Provided monetary scholarships to youth racers from the Pico Ski Racing program to be able to train for and compete in higher level amateur events.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 03-0265765) · Dispute this line
$7Kprogram expense
03

Provided direct support to the Pico Ski Racing program in the form of equipment and supplies supporting youth racers between the ages of six and eighteen years of age. Equipment and supplies facilitate a proper and safe training and racing venue.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 03-0265765) · Dispute this line
$2Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$3K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$108K
Ln 12
Gifts and grantsLn 1h$75K
Other incomeLn 4–11$32K
Investment incomeLn 3$2K
Money outPt IX
$34K
Ln 25
Programscol B$17K
Managementcol C$13K
Fundraisingcol D$3K
Owns and owesPt X
$571K
net assets · Ln 32
Cash and savingsLn 1–2$182K
Total assetsLn 16$571K
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$75K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$50K
Investment incomeLn 3$2K
Other incomeLn 4–11$32K
Total revenueLn 12$108K
Assets in detailPt X, end of year
SavingsLn 2$182K
Cash and savings togetherLn 1–2$182K
Land, buildings, equipmentLn 10c$389K
Total assetsLn 16$571K
LiabilitiesLn 26$0
Net assetsLn 32$571K
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$95K$182K
Land, buildings, equipmentLn 10c$401K$389K
Total assetsLn 16$496K$571K
LiabilitiesLn 26$0$0
Net assetsLn 32$496K$571K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$17K$17K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$837$837
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$614$614
Other expenses (24a–d)Ln 24$258$0$258$0
Total functional expensesLn 25$34K$17K$13K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $76K$55K$21K$553K 990 PDF
FY2024Filed with the IRS May 14, 2025 $81K$44K$37K$531K 990 PDF
FY2023Filed with the IRS May 14, 2024 $52K$36K$16K$491K 990 PDF
FY2022Filed with the IRS May 11, 2023 $197K$332K−$135K$474K 990 PDF
FY2021Filed with the IRS May 16, 2022 $126K$88K$38K$609K 990 PDF
FY2020 ViewingFiled with the IRS Nov 11, 2021 $108K$34K$75K$571K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $108,393 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $38,046$75,212
I-9 Program service revenue$0
I-10 Investment incomePrior year $214$1,515
I-11 Other revenuePrior year $13,298$31,666
I-12 Total revenuePrior year $51,558$108,393
I-13 Grants and similar amounts paidPrior year $66,948$16,809
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $23,490$16,810
I-18 Total expensesPrior year $90,438$33,619
I-19 Revenue less expensesPrior year −$38,880$74,774
Part VI · Governance 17 of 17 board members independent, 3 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $108,393 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$50,343
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$24,869
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$75,212
VIII-3 Investment incomeRelated to mission $1,515 · Unrelated business $0 · Excluded from tax $0$1,515
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $31,666$31,666
VIII-12 Total revenueRelated to mission $1,515 · Unrelated business $0 · Excluded from tax $31,666$108,393
Part IX · Statement of functional expenses $33,619 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $16,809$16,809
IX-12 Advertising and promotionFundraising $3,335$3,335
IX-13 Office expensesManagement $837$837
IX-22 Depreciation, depletion and amortizationManagement $11,766$11,766
IX-23 InsuranceManagement $614$614
IX-24 Other expenses (24a–d)Programs $0 · Management $258 · Fundraising $0$258
IX-25 Total functional expensesPrograms $16,809 · Management $13,475 · Fundraising $3,335$33,619
Part X · Balance sheet $571,155 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $95,371$181,922
X-10c Land, buildings and equipment, netStart of year $401,010$389,233
X-16 Total assetsStart of year $496,381$571,155
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $496,381$571,155
X-32 Total net assets or fund balancesStart of year $496,381$571,155
X-33 Total liabilities and net assetsStart of year $496,381$571,155
Part XI · Reconciliation of net assets $571,155 net assets at year end
XI-1 Total revenue$108,393
XI-2 Total expenses$33,619
XI-3 Revenue less expenses$74,774
XI-4 Net assets at start of year$496,381
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$571,155

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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