Mt Holiday INC FY2023 filing

Tax-deductible

Traverse City, MI501(c)(3)Recreation & SportsEIN 30-0030865Revenue $1.2M in FY2023

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.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
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
$235K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+21% vs prior year
Spent
$933K
To programs
77%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$1.2M
FY2023▲ +21%
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
$933K
FY2023▲ +39%
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
$1.4M
FY2023▲ +25%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

77 cents of each dollar spent went to programs.

Program services 77% · $715K Management & general 14% · $128K Fundraising 10% · $91K

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 (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$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.

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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 · $715K · in their own filed words · FY2022
01

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

$715Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$546K
Fees for servicesLn 2g$462K
Other incomeLn 4–11$199K
Money outPt IX
$933K
Ln 25
Programscol B$715K
Managementcol C$128K
Fundraisingcol D$91K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$158K
Total assetsLn 16$1.7M
LiabilitiesLn 26$235K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$546K
Government grantsLn 1e$151K
Fees for servicesLn 2g$462K
Investment incomeLn 3$11K
Other incomeLn 4–11$199K
Gains on assetsLn 7$824
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$158K
Cash and savings togetherLn 1–2$158K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$260K
Total assetsLn 16$1.7M
LiabilitiesLn 26$235K
Net assetsLn 32$1.4M
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 FY23End FY23
Cash and savingsLn 1–2$338K$158K
Land, buildings, equipmentLn 10c$883K$1.2M
Total assetsLn 16$1.4M$1.7M
LiabilitiesLn 26$217K$235K
Net assetsLn 32$1.1M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$297K$174K$123K
Payroll taxesLn 10$39K$39K
Advertising and promotionLn 12$18K$18K
Office expensesLn 13$6K$2K$5K
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$57K$57K
InsuranceLn 23$88K$88K
Other expenses (24a–d)Ln 24$322K$232K$91K
All other expensesLn 24e$97K$97K
Total functional expensesLn 25$933K$715K$128K$91K

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 Viewing $1.2M$933K$285K$1.4M 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $1,218,170 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $231,334$546,322
I-9 Program service revenuePrior year $579,084$461,799
I-10 Investment incomePrior year $26$11,249
I-11 Other revenuePrior year $196,354$198,800
I-12 Total revenuePrior year $1,006,798$1,218,170
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $230,437$335,748
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $441,458$597,678
I-18 Total expensesPrior year $671,895$933,426
I-19 Revenue less expensesPrior year $334,903$284,744
Part VI · Governance 14 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $1,218,170 across 9 lines filed
Lines not itemized here account for $67,329 of total revenue; see the IRS return.
VIII-1e Government grants$151,175
VIII-1f All other contributions, gifts and grants$395,147
VIII-1h Total contributions, gifts and grants$546,322
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $461,799$461,799
VIII-3 Investment incomeExcluded from tax $10,425$10,425
VIII-7 Net gain or loss on sales of assetsRelated to mission $824$824
VIII-8 Net income from fundraising events$125,651
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,820$5,820
VIII-12 Total revenueRelated to mission $535,772 · Excluded from tax $10,425$1,218,170
Part IX · Statement of functional expenses $933,426 across 9 lines filed
IX-7 Other salaries and wagesPrograms $173,891 · Management $123,191$297,082
IX-10 Payroll taxesPrograms $38,666$38,666
IX-12 Advertising and promotionPrograms $17,882$17,882
IX-13 Office expensesPrograms $1,504 · Management $4,512$6,016
IX-20 InterestPrograms $8,787$8,787
IX-22 Depreciation, depletion and amortizationPrograms $57,266$57,266
IX-23 InsurancePrograms $88,332$88,332
IX-24 Other expenses (24a–d)Programs $231,745 · Fundraising $90,729$322,474
IX-24e All other expensesPrograms $96,921$96,921
IX-25 Total functional expensesPrograms $714,994 · Management $127,703 · Fundraising $90,729$933,426
Part X · Balance sheet $1,659,606 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $338,464$158,350
X-10c Land, buildings and equipment, netStart of year $883,230$1,240,898
X-15 Other assetsStart of year $134,352$260,358
X-16 Total assetsStart of year $1,356,046$1,659,606
X-17 Accounts payable and accrued expensesStart of year $38,793$74,805
X-26 Total liabilitiesStart of year $216,535$235,351
X-32 Total net assets or fund balancesStart of year $1,139,511$1,424,255
X-33 Total liabilities and net assetsStart of year $1,356,046$1,659,606
Part XI · Reconciliation of net assets $1,424,255 net assets at year end
XI-1 Total revenue$1,218,170
XI-2 Total expenses$933,426
XI-3 Revenue less expenses$284,744
XI-4 Net assets at start of year$1,139,511
XI-10 Net assets at end of year$1,424,255

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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