New York Ski Education Foundation Inc
New York Ski Education Foundation maintains strong asset growth with no reported officer compensation, despite a recent operational deficit.
EIN: 141577846 · Wilmington, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $3.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.9M |
| Transparency Score | 85/100 |
Is New York Ski Education Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Ski Education Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Ski Education Foundation Inc
New York Ski Education Foundation Inc (EIN: 141577846) is a nonprofit organization based in Wilmington, NY. The organization reported total revenue of $4.6M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Ski Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Ski Education Foundation Inc is a mid-size nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-275,335 |
| Total Assets | $4.3M |
| Total Liabilities | $474K |
| Net Assets | $3.9M |
| Operating Margin | -7.9% |
| Debt-to-Asset Ratio | 10.9% |
| Months of Reserves | 13.8 months |
Financial Health Grade: B
In 2023, New York Ski Education Foundation Inc reported a deficit of $275K with expenses exceeding revenue, holds 13.8 months of operating reserves (strong position), has a debt-to-asset ratio of 10.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Ski Education Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.1% | +4.0% | +4.9% |
| 2022 | -4.0% | +17.1% | -9.9% |
| 2021 | +15.0% | +0.6% | +29.3% |
| 2020 | +6.3% | +0.7% | +11.2% |
| 2019 | +26.0% | +33.4% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New York Ski Education Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, New York Ski Education Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $275K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not captured under 'Officer Comp'. This is highly unusual for an organization with revenues exceeding $3 million annually and suggests a strong commitment to directing funds towards its mission rather than executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New York Ski Education Foundation Inc's IRS 990 filings:
- Operational deficit in the latest filing period (202308), with expenses ($3,772,253) exceeding revenue ($3,496,918).
Strengths
The following positive indicators were identified for New York Ski Education Foundation Inc:
- Consistent growth in assets over the past decade, from $2,080,155 in 201408 to $4,336,504 in 202308.
- Zero reported officer compensation across all 13 available filings, indicating a strong commitment to minimizing executive overhead.
- Strong asset-to-liability ratio, with assets significantly exceeding liabilities in all reported periods.
- Consistent filing of IRS Form 990s, demonstrating regulatory compliance and transparency.
- Generally positive operational surpluses in most years prior to the latest filing period.
Frequently Asked Questions about New York Ski Education Foundation Inc
Is New York Ski Education Foundation Inc a legitimate charity?
New York Ski Education Foundation Inc (EIN: 141577846) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.6M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does New York Ski Education Foundation Inc spend its money?
New York Ski Education Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New York Ski Education Foundation Inc tax-deductible?
New York Ski Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141577846). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New York Ski Education Foundation Inc CEO make?
New York Ski Education Foundation Inc's highest-compensated officer earns $3 annually. The organization reported $4.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New York Ski Education Foundation Inc's spending goes to programs?
New York Ski Education Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New York Ski Education Foundation Inc located?
New York Ski Education Foundation Inc is headquartered in Wilmington, New York and files with the IRS under EIN 141577846.
How many years of IRS 990 filings does New York Ski Education Foundation Inc have?
New York Ski Education Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.6M in total revenue.
Is New York Ski Education Foundation Inc. financially stable?
Yes, the organization appears financially stable. Its assets have consistently grown over the past decade, reaching $4,336,504 in 202308, significantly exceeding liabilities of $473,717. While the 202308 period showed a deficit, this is an exception in its recent history of operational surpluses.
How does New York Ski Education Foundation Inc. manage executive compensation?
The organization consistently reports 0% for Officer Comp across all 13 available filings. This suggests that its officers are either volunteers or compensated in a manner not classified under this specific category, which is a strong indicator of fiscal conservatism regarding leadership salaries.
Has the organization's financial health improved over time?
Yes, the organization has shown significant financial growth. Its assets have more than doubled from $2,080,155 in 201408 to $4,336,504 in 202308, and revenue has also increased substantially from $1,780,241 to $3,496,918 over the same period, indicating positive long-term financial trends.
Filing History
IRS 990 filing history for New York Ski Education Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Ski Education Foundation Inc's revenue has grown by 113%, moving from $1.6M to $3.5M. Total assets increased by 142.7% over the same period, from $1.8M to $4.3M. Total functional expenses rose by 152.5%, from $1.5M to $3.8M. In its most recent filing year (2023), New York Ski Education Foundation Inc reported a deficit of $275K, with expenses exceeding revenue. The organization holds $474K in liabilities against $4.3M in assets (debt-to-asset ratio: 10.9%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.8M | $4.3M | $474K | — | — |
| 2022 | $3.7M | $3.6M | $4.1M | $130K | — | View 990 |
| 2021 | $3.9M | $3.1M | $4.6M | $275K | — | View 990 |
| 2020 | $3.4M | $3.1M | $3.5M | $325K | — | View 990 |
| 2019 | $3.2M | $3.1M | $3.2M | $261K | — | View 990 |
| 2018 | $2.5M | $2.3M | $2.9M | $52K | — | View 990 |
| 2017 | $2.4M | $2.1M | $2.6M | $47K | — | View 990 |
| 2016 | $2.3M | $2.0M | $2.4M | $60K | — | View 990 |
| 2015 | $1.9M | $1.9M | $2.1M | $56K | — | View 990 |
| 2014 | $1.8M | $1.5M | $2.1M | $17K | — | View 990 |
| 2013 | $1.4M | $1.4M | $1.9M | $52K | — | View 990 |
| 2012 | $1.5M | $1.4M | $1.9M | $32K | — | View 990 |
| 2011 | $1.6M | $1.5M | $1.8M | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.8M, and assets of $4.3M (revenue -6.1% year-over-year).
- 2022: Revenue of $3.7M, expenses of $3.6M, and assets of $4.1M (revenue -4.0% year-over-year).
- 2021: Revenue of $3.9M, expenses of $3.1M, and assets of $4.6M (revenue +15.0% year-over-year).
- 2020: Revenue of $3.4M, expenses of $3.1M, and assets of $3.5M (revenue +6.3% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.1M, and assets of $3.2M (revenue +26.0% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.3M, and assets of $2.9M (revenue +7.1% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.1M, and assets of $2.6M (revenue +1.4% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.0M, and assets of $2.4M (revenue +20.1% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.9M, and assets of $2.1M (revenue +8.5% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.5M, and assets of $2.1M (revenue +27.4% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $1.9M (revenue -6.8% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.4M, and assets of $1.9M (revenue -8.7% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.5M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Ski Education Foundation Inc:
Data Sources and Methodology
This transparency report for New York Ski Education Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.