Mt Holiday INC FY2024 filing

Tax-deductible

Traverse City, MI501(c)(3)Recreation & SportsEIN 30-0030865Revenue $747K in FY2024

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.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
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
$694K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$747K
-39% vs prior year
Spent
$935K
To programs
82%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$747K
FY2024▼ -39%
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
$935K
FY2024+0.2%
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
$1.2M
FY2024▼ -13%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

82 cents of each dollar spent went to programs.

Program services 82% · $766K Management & general 10% · $92K Fundraising 8% · $78K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$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.

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 · $766K · in their own filed words · FY2023
01

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

$766Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$747K
Ln 12
Gifts and grantsLn 1h$417K
Fees for servicesLn 2g$187K
Other incomeLn 4–11$125K
Money outPt IX
$935K
Ln 25
Programscol B$766K
Managementcol C$92K
Fundraisingcol D$78K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$57K
Total assetsLn 16$1.9M
LiabilitiesLn 26$694K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$417K
Government grantsLn 1e$56K
Fees for servicesLn 2g$187K
Investment incomeLn 3$18K
Other incomeLn 4–11$125K
Gains on assetsLn 7$18K
Total revenueLn 12$747K
Assets in detailPt X, end of year
CashLn 1$57K
Cash and savings togetherLn 1–2$57K
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$101K
Total assetsLn 16$1.9M
LiabilitiesLn 26$694K
Net assetsLn 32$1.2M
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 FY24End FY24
Cash and savingsLn 1–2$158K$57K
Land, buildings, equipmentLn 10c$1.2M$1.8M
Total assetsLn 16$1.7M$1.9M
LiabilitiesLn 26$235K$694K
Net assetsLn 32$1.4M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$224K$137K$88K
Payroll taxesLn 10$32K$32K
Advertising and promotionLn 12$37K$37K
Office expensesLn 13$5K$1K$4K
InterestLn 20$17K$17K
Depreciation, depletion and amortizationLn 22$73K$73K
InsuranceLn 23$90K$90K
Other expenses (24a–d)Ln 24$385K$308K$78K
All other expensesLn 24e$72K$72K
Total functional expensesLn 25$935K$766K$92K$78K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.9M$1.2M$752K$2.0M 990 PDF
FY2024 Viewing $747K$935K−$189K$1.2M 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $746,783 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $546,322$416,539
I-9 Program service revenuePrior year $461,799$187,067
I-10 Investment incomePrior year $11,249$17,773
I-11 Other revenuePrior year $198,800$125,404
I-12 Total revenuePrior year $1,218,170$746,783
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $335,748$256,177
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $597,678$679,249
I-18 Total expensesPrior year $933,426$935,426
I-19 Revenue less expensesPrior year $284,744−$188,643
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $746,783 across 9 lines filed
Lines not itemized here account for $15,294 of total revenue; see the IRS return.
VIII-1e Government grants$56,270
VIII-1f All other contributions, gifts and grants$360,269
VIII-1h Total contributions, gifts and grants$416,539
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $187,067$187,067
VIII-3 Investment incomeExcluded from tax $34$34
VIII-7 Net gain or loss on sales of assetsRelated to mission $17,739$17,739
VIII-8 Net income from fundraising events$106,091
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,261 · Unrelated business $1,758$4,019
VIII-12 Total revenueRelated to mission $222,361 · Unrelated business $1,758 · Excluded from tax $34$746,783
Part IX · Statement of functional expenses $935,426 across 9 lines filed
IX-7 Other salaries and wagesPrograms $136,524 · Management $87,781$224,305
IX-10 Payroll taxesPrograms $31,872$31,872
IX-12 Advertising and promotionPrograms $36,657$36,657
IX-13 Office expensesPrograms $1,275 · Management $3,827$5,102
IX-20 InterestPrograms $16,746$16,746
IX-22 Depreciation, depletion and amortizationPrograms $73,489$73,489
IX-23 InsurancePrograms $89,888$89,888
IX-24 Other expenses (24a–d)Programs $307,622 · Fundraising $77,558$385,180
IX-24e All other expensesPrograms $72,187$72,187
IX-25 Total functional expensesPrograms $766,260 · Management $91,608 · Fundraising $77,558$935,426
Part X · Balance sheet $1,929,678 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $158,350$57,011
X-10c Land, buildings and equipment, netStart of year $1,240,898$1,771,283
X-15 Other assetsStart of year $260,358$101,384
X-16 Total assetsStart of year $1,659,606$1,929,678
X-17 Accounts payable and accrued expensesStart of year $74,805$264,051
X-26 Total liabilitiesStart of year $235,351$694,066
X-32 Total net assets or fund balancesStart of year $1,424,255$1,235,612
X-33 Total liabilities and net assetsStart of year $1,659,606$1,929,678
Part XI · Reconciliation of net assets $1,235,612 net assets at year end
XI-1 Total revenue$746,783
XI-2 Total expenses$935,426
XI-3 Revenue less expenses−$188,643
XI-4 Net assets at start of year$1,424,255
XI-10 Net assets at end of year$1,235,612

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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