Hatcher Alpine Xperience FY2023 filing

Tax-deductible

Palmer, AK501(c)(3)Since 2015Recreation & SportsEIN 81-1056780Revenue $2.1M in FY2023

On file with the IRSskihatcherpass.orgPo Box 924, 99645-0924 · Palmer, AKTax-exempt since Jun 2016Publicly supported charity — 170(b)(1)(A)(vi)

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To develop and maintain a regional ski area in Hatcher pass to promote safe outdoor recreation, education, and healthy lifestyles with special emphasis on skiing, snowboarding, hiking, and downhill biking in the matanuska-susitna borough.

501(c)(3) charity; gifts are tax-deductible.
61¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $411K a year · 33% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $102K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$235K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+206% vs prior year
Spent
$797K
To programs
61%
Net assets
$2.6M
By yearFY2021–FY2024
Revenue
$2.1M
FY2023▲ +206%
Tap a bar for its year
Revenue by fiscal year
FY2021$804K
FY2022$690K
FY2023$2.1M
FY2024$1.4M
FY2024$2.5M
Expenses
$797K
FY2023▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2021$528K
FY2022$868K
FY2023$797K
FY2024$1.1M
FY2024$1.1M
Net assets
$2.6M
FY2023▲ +102%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.5M
FY2022$1.3M
FY2023$2.6M
FY2024$2.8M
FY2024$4.2M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2016.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $483K Management & general 36% · $290K Fundraising 3% · $25K

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 (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hatcher Alpine Xperience 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Develops and maintains a regional ski area for outdoor recreation and healthy lifestyles.

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Provided by the organization

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2 programs · $483K · in their own filed words · FY2022
01

The development and operation of lift support and related facilities, to include lighting infrastructure, bathroom facility, and improved food and beverage services.

$437Kprogram expense
02

Trail grooming & trail development.

$46Kprogram 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 · FY2025
Total grants receivedfrom 2 funders$102K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$521K
Other incomeLn 4–11$84K
Money outPt IX
$797K
Ln 25
Programscol B$483K
Managementcol C$290K
Fundraisingcol D$25K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$426K
Total assetsLn 16$2.8M
LiabilitiesLn 26$235K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$685K
Fees for servicesLn 2g$521K
Other incomeLn 4–11$84K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$118K
SavingsLn 2$308K
Cash and savings togetherLn 1–2$426K
Land, buildings, equipmentLn 10c$2.3M
Other assetsLn 15$93K
Total assetsLn 16$2.8M
LiabilitiesLn 26$235K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 546
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$140K$426K
Land, buildings, equipmentLn 10c$1.4M$2.3M
Total assetsLn 16$1.5M$2.8M
LiabilitiesLn 26$251K$235K
Net assetsLn 32$1.3M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$306K$213K$78K$16K
Pension plan contributionsLn 8$3K$3K
Other employee benefitsLn 9$5K$3K$1K$263
Payroll taxesLn 10$21K$14K$5K$1K
Accounting feesLn 11c$39K$39K
Other fees for servicesLn 11g$49K$49K
Advertising and promotionLn 12$817$817
Office expensesLn 13$4K$4K
OccupancyLn 16$24K$24K
Conferences, conventions and meetingsLn 19$131$131
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$118K$118K
InsuranceLn 23$71K$49K$18K$4K
Other expenses (24a–d)Ln 24$123K$88K$32K$3K
All other expensesLn 24e$21K$4K$17K$262
Total functional expensesLn 25$797K$483K$290K$25K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.4M$1.1M$234K$2.8M 990 PDF
FY2023 Viewing $2.1M$797K$1.3M$2.6M 990 PDF
FY2022 $690K$868K−$178K$1.3M 990 PDF
FY2021 $804K$528K$276K$1.5M 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 $2,108,689 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $347,820$1,503,681
I-9 Program service revenuePrior year $339,835$520,942
I-10 Investment income$0
I-11 Other revenuePrior year $2,233$84,066
I-12 Total revenuePrior year $689,888$2,108,689
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $235,498$334,926
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $632,159$461,892
I-18 Total expensesPrior year $867,657$796,818
I-19 Revenue less expensesPrior year −$177,769$1,311,871
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $2,108,689 across 6 lines filed
Lines not itemized here account for $71,210 of total revenue; see the IRS return.
VIII-1e Government grants$685,000
VIII-1f All other contributions, gifts and grants$818,681
VIII-1h Total contributions, gifts and grants$1,503,681
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $520,942$520,942
VIII-8 Net income from fundraising events$12,856
VIII-12 Total revenueRelated to mission $592,152$2,108,689
Part IX · Statement of functional expenses $796,818 across 15 lines filed
IX-7 Other salaries and wagesPrograms $212,598 · Management $77,772 · Fundraising $16,050$306,420
IX-8 Pension plan contributionsManagement $2,646$2,646
IX-9 Other employee benefitsPrograms $3,499 · Management $1,324 · Fundraising $263$5,086
IX-10 Payroll taxesPrograms $14,290 · Management $5,405 · Fundraising $1,079$20,774
IX-11c Accounting feesPrograms $38,803$38,803
IX-11g Other fees for servicesPrograms $49,249$49,249
IX-12 Advertising and promotionManagement $817$817
IX-13 Office expensesManagement $4,423$4,423
IX-16 OccupancyPrograms $23,594$23,594
IX-19 Conferences, conventions and meetingsManagement $131$131
IX-20 InterestManagement $12,354$12,354
IX-22 Depreciation, depletion and amortizationManagement $117,523$117,523
IX-23 InsurancePrograms $48,648 · Management $18,331 · Fundraising $3,525$70,504
IX-24 Other expenses (24a–d)Programs $88,350 · Management $31,507 · Fundraising $3,416$123,273
IX-24e All other expensesPrograms $3,609 · Management $17,350 · Fundraising $262$21,221
IX-25 Total functional expensesPrograms $482,640 · Management $289,583 · Fundraising $24,595$796,818
Part X · Balance sheet $2,831,032 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $59,595$117,844
X-2 Savings and temporary cash investmentsStart of year $80,639$307,865
X-8 Inventories for sale or use$10,502
X-10c Land, buildings and equipment, netStart of year $1,393,981$2,302,292
X-15 Other assets$92,529
X-16 Total assetsStart of year $1,534,215$2,831,032
X-17 Accounts payable and accrued expensesStart of year $30,282$38,773
X-25 Other liabilitiesStart of year $16,845$14,556
X-26 Total liabilitiesStart of year $251,219$235,304
X-27 Net assets without donor restrictionsStart of year $1,200,496$2,595,728
X-32 Total net assets or fund balancesStart of year $1,282,996$2,595,728
X-33 Total liabilities and net assetsStart of year $1,534,215$2,831,032
Part XI · Reconciliation of net assets $2,595,728 net assets at year end
XI-1 Total revenue$2,108,689
XI-2 Total expenses$796,818
XI-3 Revenue less expenses$1,311,871
XI-4 Net assets at start of year$1,282,996
XI-8 Prior period adjustments$861
XI-10 Net assets at end of year$2,595,728

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

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