Mountain Foundation FY2024 filing

Lakewood, CO · Public charity (501(c)(3)) · Recreation & Sports

✓ Tax-deductible Latest data FY2024
Revenue
$124K
▼ -42% vs prior year
Spent
$74K
To programs
98%
Net assets
$394K
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending June 2024 (IRS tax year 2023).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
3 funders, incl. Donor Advised Charitable Giving INC
$35K in the latest grant year.
Spent on programs?
98% to programs
Form 990 Part IX, latest filing.
Size and trend
<$100K
↓ -42% vs prior year
Legal name (IRS)Hdr · item CMountain Foundation
EINHdr · item D37-1914333
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 2018
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CLakewood, CO
NTEE classificationIRS BMFRecreation & Sports (N68)
WebsiteHdr · item Jwww.nsaa.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$73K
Management & general2%$2K
Total functional expensesLn 25$74K

Financial health

Revenue & expenses by yearFY2021–FY2025
Revenue
$124K
FY2024▼ -42%
Expenses
$74K
FY2024▲ +9%
Program efficiency
98%
of spending reaches programs
Operating runway
131.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+40%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$394K
FY2024▲ +15%
Total liabilities
$0
FY2024
Revenue less expensesPt I · Ln 19$50K
Total assetsPt X · Ln 16$394K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Balance Sheet

Part X · end of year
CashLn 1$394K
Total assetsLn 16$394K
Total liabilitiesLn 26$0
Total net assetsLn 32$394K
Months of cash on handcomputed63.7

Statement of Revenue

Part VIII
Contributions & grants$116K · 93%
Investment income$9K · 7%
Contributions & grants93%$116K
Investment income7%$9K
— government grantsLn 1e$78K
Total revenueLn 12$124K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $394K · Operating expenses (Pt IX) $74K · Less non-cash grants $38K · Cash operating expenses/yr $36K
131.0 months
Where the money goes
Program services
Program services $73K · Total expenses $74K
98%
Management & General
Management & general $2K · Total expenses $74K
2%
Fundraising
Fundraising $0 · Total expenses $74K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $36K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $116K · Total revenue $124K
93%
Government reliance
Government grants $78K · Total revenue $124K
62%
Earned-income share
Program service revenue $0 · Total revenue $124K
0%
Investment reliance
Investment income $9K · Total revenue $124K
+7%
Program self-sufficiency
Program service revenue $0 · Total expenses $74K
0%
Growth & trend
Revenue growth (YoY)
This year $124K · Prior year $214K
-42%
Net-asset trend (YoY)
End of year $394K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $124K · Expenses $74K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $394K
—
Net-asset ratio
Net assets $394K · Total assets $394K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $394K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Judy Dorsey · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $74K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $36K · Total expenses $74K
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%——
Overhead ratio 2%——
Fundraising cost ratio 0%——
Revenue growth -42%——

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.

Leadership and pay

Officers, Directors & Key Employees

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

Kelly Pawlak’s $12K as Nsaa Preside is at the 64th percentile of top reported officer pay among 98 <$100K 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 Mountain Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Provides scholarships to ski industry employees for advanced education and career growth.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $73K of program spending, described in the organization's own filed words · FY2023.
01

Grant mountain foundation scholarships at nsaa conferences and tradeshows.

$73Kprogram expense

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Funders

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

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 3 funders$35K
See all 3 funders →
Grants paid · 3 grants · $142K · 2022–2024
Unitemized GrantFY2024$72,925
Unitemized GrantFY2023$35,600
Unitemized GrantFY2022$33,000

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $98K$116K-21% 990 PDF
FY2024 Viewing $124K$74K-42% 990 PDF
FY2023 $214K$68K+338% 990 PDF
FY2022 $49K—+639% 990 PDF
FY2021 $7K— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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