Ski Broncs INC

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EIN 36-4219035 Public charity (501(c)(3)) Loves Park, IL NTEE N67M
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$123K
FY2025▼ -23%
Expenses
$120K
FY2025▼ -11%

Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).


Promotes safe water-skiing for youth and all ages through community programs. For fiscal year 2025 it reported $123K in revenue, $120K in expenses, and $109K in net assets.Pt I

Founded
1967
Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Loves Park, IL
Website
www.skibroncs.com
Filings
6 on file (2020–2025)
Revenue
$123KFY2025
Expenses
$120K
Net assets
$109K
People
9
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Size
$100K–1M
What they do
Promotes safe water-skiing for youth and all ages through community programs.
Leadership
Steve Kling · President
Money in and out
$123K revenue, $120K expenses
Bottom line
99% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Community Foundation of Northern Illinois

1 distinct foundation funder(s) on file, $11K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

99% to programs

99% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -23% vs prior year

Revenue band $100K–1M, -23% versus the prior filing year (down). See detail →

Where the money goes · FY2025
Total revenue
$123K
Pt VIII · Ln 12
Total expenses
$120K
Pt IX · Ln 25
Net assets
$109K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs-0.3% vs prior filing year
Operating runway
7.9mo
months of highly liquid reserves at operating expense rate▲ +84% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▼ -83% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$110K
FY2025▲ +4%
Total liabilities
$1K
FY2025
Revenue less expensesPt I · Ln 19$3K
Total assetsPt X · Ln 16$110K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CSki Broncs INC
EINHdr · item D36-4219035
Principal addressHdr · item CLoves Park, IL
WebsiteHdr · item Jwww.skibroncs.com
Year of formationHdr · item L1967
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N67M)
Ruling yearIRS BMFJun 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Recording Se
$0Pt VII · Sec A
Development
$0Pt VII · Sec A
Membership D
$0Pt VII · Sec A
Boats/Equip
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Ski Broncs INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $119K of program spending, described in the organization's own filed words · FY2025.
01

Local free entertainment in rockford park district park educating community in water saftey, promoting family values and providing services to individuals in the community.

$119Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$70K · 57%
Program service revenue$36K · 29%
Other revenue$10K · 8%
Investment income$7K · 5%
Contributions & grants57%$70K
Program service revenue29%$36K
Other revenue8%$10K
Investment income5%$7K
— government grantsLn 1e$33K
Total revenueLn 12$123K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$119K
Management & general1%$1K
Total functional expensesLn 25$120K

Balance Sheet

Part X · end of year
CashLn 1$78K
Total assetsLn 16$110K
Total liabilitiesLn 26$1K
Total net assetsLn 32$109K
Months of cash on handcomputed7.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $78K · Operating expenses/yr $120K
7.9 months
Where the money goes
Program services
Program services $119K · Total expenses $120K
99%
Management & General
Management & general $1K · Total expenses $120K
1%
Fundraising
Fundraising $0 · Total expenses $120K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $55K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $70K · Total revenue $123K
57%
Government reliance
Government grants $33K · Total revenue $123K
27%
Earned-income share
Program service revenue $36K · Total revenue $123K
29%
Investment reliance
Investment income $7K · Total revenue $123K
+5%
Program self-sufficiency
Program service revenue $36K · Total expenses $120K
30%
Growth & trend
Revenue growth (YoY)
This year $123K · Prior year $160K
-23%
Revenue CAGR
FY2020 $58K · FY2025 $123K
+16%
Net-asset trend (YoY)
End of year $109K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $123K · Expenses $120K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $110K
—
Net-asset ratio
Net assets $109K · Total assets $110K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $110K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Steve Kling · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $120K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $120K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 1%——
Revenue growth -23%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$11K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$123K revenue · viewing · ⤓ 990 PDF
FY2024$160K revenue · ⤓ 990 PDF
FY2023$115K revenue · ⤓ 990 PDF
FY2022$181K revenue · ⤓ 990 PDF
FY2021$116K revenue · ⤓ 990 PDF
FY2020$58K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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