Hatcher Alpine Xperience FY2024 filing

Tax-deductible

Palmer, AK501(c)(3)Since 2015Recreation & SportsEIN 81-1056780Revenue $1.4M in FY2024

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.
72¢ 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
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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 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
$227K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
-35% vs prior year
Spent
$1.1M
To programs
72%
Net assets
$2.8M
By yearFY2021–FY2024
Revenue
$1.4M
FY2024▼ -35%
Tap a bar for its year
Revenue by fiscal year
FY2021$804K
FY2022$690K
FY2023$2.1M
FY2024$1.4M
FY2024$2.5M
Expenses
$1.1M
FY2024▲ +43%
Tap a bar for its year
Expenses by fiscal year
FY2021$528K
FY2022$868K
FY2023$797K
FY2024$1.1M
FY2024$1.1M
Net assets
$2.8M
FY2024▲ +10%
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 FY2024 Form 990 (year ending June 2024) · 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

72 cents of each dollar spent went to programs.

Program services 72% · $820K Management & general 28% · $317K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$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 · $820K · in their own filed words · FY2023
01

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

$723Kprogram expense
02

Trail grooming & trail development.

$96Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$825K
Gifts and grantsLn 1h$472K
Other incomeLn 4–11$74K
Money outPt IX
$1.1M
Ln 25
Programscol B$820K
Managementcol C$317K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$474K
Total assetsLn 16$3.1M
LiabilitiesLn 26$227K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$472K
Government grantsLn 1e$180K
Fees for servicesLn 2g$825K
Investment incomeLn 3$3
Other incomeLn 4–11$74K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$183K
SavingsLn 2$291K
Cash and savings togetherLn 1–2$474K
Land, buildings, equipmentLn 10c$2.2M
Other assetsLn 15$367K
Total assetsLn 16$3.1M
LiabilitiesLn 26$227K
Net assetsLn 32$2.8M
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 FY24End FY24
Cash and savingsLn 1–2$426K$474K
Land, buildings, equipmentLn 10c$2.3M$2.2M
Total assetsLn 16$2.8M$3.1M
LiabilitiesLn 26$235K$227K
Net assetsLn 32$2.6M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$521K$366K$155K
Pension plan contributionsLn 8$11K$11K
Payroll taxesLn 10$53K$41K$12K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$55K$27K$28K
Advertising and promotionLn 12$4K$400$3K
Office expensesLn 13$11K$9K$2K
OccupancyLn 16$36K$33K$3K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$134K$134K
InsuranceLn 23$108K$106K$3K
Other expenses (24a–d)Ln 24$133K$95K$38K
All other expensesLn 24e$20K$8K$12K
Total functional expensesLn 25$1.1M$820K$317K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $1.4M$1.1M$234K$2.8M 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $1,370,602 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,503,681$471,542
I-9 Program service revenuePrior year $520,942$824,720
I-10 Investment income$3
I-11 Other revenuePrior year $84,066$74,337
I-12 Total revenuePrior year $2,108,689$1,370,602
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $334,926$584,390
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $461,892$551,772
I-18 Total expensesPrior year $796,818$1,136,162
I-19 Revenue less expensesPrior year $1,311,871$234,440
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $1,370,602 across 8 lines filed
Lines not itemized here account for $71,600 of total revenue; see the IRS return.
VIII-1b Membership dues$2,415
VIII-1e Government grants$180,000
VIII-1f All other contributions, gifts and grants$289,127
VIII-1h Total contributions, gifts and grants$471,542
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $824,720$824,720
VIII-3 Investment incomeExcluded from tax $3$3
VIII-8 Net income from fundraising events$2,737
VIII-12 Total revenueRelated to mission $896,320 · Excluded from tax $3$1,370,602
Part IX · Statement of functional expenses $1,136,162 across 16 lines filed
IX-7 Other salaries and wagesPrograms $365,678 · Management $155,213$520,891
IX-8 Pension plan contributionsManagement $10,689$10,689
IX-10 Payroll taxesPrograms $41,074 · Management $11,736$52,810
IX-11b Legal feesManagement $9,393$9,393
IX-11c Accounting feesManagement $24,850$24,850
IX-11g Other fees for servicesPrograms $26,677 · Management $27,852$54,529
IX-12 Advertising and promotionPrograms $400 · Management $3,408$3,808
IX-13 Office expensesPrograms $9,136 · Management $1,796$10,932
IX-16 OccupancyPrograms $32,904 · Management $3,223$36,127
IX-17 TravelManagement $4,865$4,865
IX-19 Conferences, conventions and meetingsManagement $2,390$2,390
IX-20 InterestManagement $8,571$8,571
IX-22 Depreciation, depletion and amortizationPrograms $134,246$134,246
IX-23 InsurancePrograms $105,766 · Management $2,585$108,351
IX-24 Other expenses (24a–d)Programs $95,433 · Management $37,997$133,430
IX-24e All other expensesPrograms $8,276 · Management $12,004$20,280
IX-25 Total functional expensesPrograms $819,590 · Management $316,572 · Fundraising $0$1,136,162
Part X · Balance sheet $3,070,785 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $117,844$182,820
X-2 Savings and temporary cash investmentsStart of year $307,865$290,807
X-8 Inventories for sale or useStart of year $10,502$10,502
X-10c Land, buildings and equipment, netStart of year $2,302,292$2,219,967
X-15 Other assetsStart of year $92,529$366,689
X-16 Total assetsStart of year $2,831,032$3,070,785
X-17 Accounts payable and accrued expensesStart of year $38,773$39,700
X-25 Other liabilitiesStart of year $14,556$28,736
X-26 Total liabilitiesStart of year $235,304$227,162
X-27 Net assets without donor restrictionsStart of year $2,595,728$2,843,623
X-32 Total net assets or fund balancesStart of year $2,595,728$2,843,623
X-33 Total liabilities and net assetsStart of year $2,831,032$3,070,785
Part XI · Reconciliation of net assets $2,843,623 net assets at year end
XI-1 Total revenue$1,370,602
XI-2 Total expenses$1,136,162
XI-3 Revenue less expenses$234,440
XI-4 Net assets at start of year$2,595,728
XI-9 Other changes in net assets$13,455
XI-10 Net assets at end of year$2,843,623

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

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