Mt Holiday INC FY2022 filing

Tax-deductible

Traverse City, MI501(c)(3)Recreation & SportsEIN 30-0030865Revenue $1.0M in FY2022

On file with the IRSmt-holiday.com3100 Holiday Rd, 49686-3719 · Traverse City, MITax-exempt since Jun 2002Publicly supported charity — 170(b)(1)(A)(vi)

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To provide the opportunity to learn and particiapte in winter and summer outdoor recreational activites, regardless of person or organization's financial situation.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $228K a year · 22% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $111K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$217K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+33% vs prior year
Spent
$672K
To programs
84%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$1.0M
FY2022▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2020$561K
FY2021$755K
FY2022$1.0M
FY2023$1.2M
FY2024$747K
FY2025$1.9M
Expenses
$672K
FY2022▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$615K
FY2021$514K
FY2022$672K
FY2023$933K
FY2024$935K
FY2025$1.2M
Net assets
$1.1M
FY2022▲ +42%
Tap a bar for its year
Net assets by fiscal year
FY2020$564K
FY2021$805K
FY2022$1.1M
FY2023$1.4M
FY2024$1.2M
FY2025$2.0M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Jun 2002.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $567K Management & general 14% · $95K Fundraising 1% · $10K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Past Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Ex Director
$0Pt VII · Sec A

Nathan Noyes’s $6K as Ex Director is at the 2nd percentile of top reported officer pay among 1843 $1–10M 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.

See Mt Holiday INC executive salaries →

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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 15aNo

Programs and updates

Offers free winter and summer outdoor recreation for all, regardless of financial situation.

Questions for Mt Holiday INC

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Provided by the organization

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1 program · $567K · in their own filed words · FY2021
01

Operation of ski area and related services and equipment in furtherance of the exempt purpose.

$567Kprogram 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
See all 9 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$579K
Gifts and grantsLn 1h$231K
Other incomeLn 4–11$196K
Money outPt IX
$672K
Ln 25
Programscol B$567K
Managementcol C$95K
Fundraisingcol D$10K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$338K
Total assetsLn 16$1.4M
LiabilitiesLn 26$217K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$231K
Government grantsLn 1e$92K
Fees for servicesLn 2g$579K
Investment incomeLn 3$26
Other incomeLn 4–11$196K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$338K
Cash and savings togetherLn 1–2$338K
Land, buildings, equipmentLn 10c$883K
Other assetsLn 15$134K
Total assetsLn 16$1.4M
LiabilitiesLn 26$217K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 5107
VolunteersI 6100
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$238K$338K
Land, buildings, equipmentLn 10c$888K$883K
Total assetsLn 16$1.1M$1.4M
LiabilitiesLn 26$341K$217K
Net assetsLn 32$805K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$190K$122K$68K
Payroll taxesLn 10$40K$40K
Advertising and promotionLn 12$15K$6K$10K
Office expensesLn 13$18K$18K
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$63K$63K
InsuranceLn 23$68K$68K
Other expenses (24a–d)Ln 24$217K$217K
All other expensesLn 24e$51K$51K
Total functional expensesLn 25$672K$567K$95K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.9M$1.2M$752K$2.0M 990 PDF
FY2024 $747K$935K−$189K$1.2M 990 PDF
FY2023 $1.2M$933K$285K$1.4M 990 PDF
FY2022 Viewing $1.0M$672K$335K$1.1M 990 PDF
FY2021 $755K$514K$241K$805K 990 PDF
FY2020 $561K$615K−$55K$564K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $1,006,798 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $215,125$231,334
I-9 Program service revenuePrior year $458,877$579,084
I-10 Investment incomePrior year $61$26
I-11 Other revenuePrior year $80,801$196,354
I-12 Total revenuePrior year $754,864$1,006,798
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $234,244$230,437
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $280,080$441,458
I-18 Total expensesPrior year $514,324$671,895
I-19 Revenue less expensesPrior year $240,540$334,903
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $1,006,798 across 8 lines filed
Lines not itemized here account for $77,948 of total revenue; see the IRS return.
VIII-1e Government grants$91,800
VIII-1f All other contributions, gifts and grants$139,534
VIII-1h Total contributions, gifts and grants$231,334
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $579,084$579,084
VIII-3 Investment incomeExcluded from tax $26$26
VIII-8 Net income from fundraising events$115,927
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,479$2,479
VIII-12 Total revenueRelated to mission $659,511 · Excluded from tax $26$1,006,798
Part IX · Statement of functional expenses $671,895 across 9 lines filed
IX-7 Other salaries and wagesPrograms $122,133 · Management $67,886$190,019
IX-10 Payroll taxesPrograms $40,418$40,418
IX-12 Advertising and promotionPrograms $5,648 · Fundraising $9,730$15,378
IX-13 Office expensesManagement $18,152$18,152
IX-20 InterestManagement $9,221$9,221
IX-22 Depreciation, depletion and amortizationPrograms $62,628$62,628
IX-23 InsurancePrograms $67,896$67,896
IX-24 Other expenses (24a–d)Programs $216,806$216,806
IX-24e All other expensesPrograms $51,377$51,377
IX-25 Total functional expensesPrograms $566,906 · Management $95,259 · Fundraising $9,730$671,895
Part X · Balance sheet $1,356,046 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $238,362$338,464
X-10c Land, buildings and equipment, netStart of year $887,500$883,230
X-15 Other assetsStart of year $20,110$134,352
X-16 Total assetsStart of year $1,145,972$1,356,046
X-17 Accounts payable and accrued expensesStart of year $32,325$38,793
X-26 Total liabilitiesStart of year $341,364$216,535
X-32 Total net assets or fund balancesStart of year $804,608$1,139,511
X-33 Total liabilities and net assetsStart of year $1,145,972$1,356,046
Part XI · Reconciliation of net assets $1,139,511 net assets at year end
XI-1 Total revenue$1,006,798
XI-2 Total expenses$671,895
XI-3 Revenue less expenses$334,903
XI-4 Net assets at start of year$804,608
XI-10 Net assets at end of year$1,139,511

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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