Nonprofit · EIN 03-0354068
MT MANSFIELD SKI CLUB & ACADEMY INC
Tax-exempt · STOWE, VT 05672
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,168,867 | $4,327,670 | -$158,803 | $6,881,302 | $2,557,150 | $4,324,152 |
| June 30, 2024 | 990 | $4,643,009 | $4,638,039 | $4,970 | $7,407,664 | $2,988,962 | $4,418,702 |
| June 30, 2023 | 990 | $4,340,919 | $4,328,255 | $12,664 | $7,761,505 | $3,535,814 | $4,225,691 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $181,150
- Program service revenue
- $4,025,216
- Investment income
- -$103,087
- Net gain from sales of assets
- -$191,602
- Net income from fundraising events
- $53,037
- Other revenue
- $65,588
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $163,006
- Other salaries and wages
- $1,903,409
- Salaries, compensation and benefits (total)
- $2,416,560
- Professional fundraising fees
- $0
- Legal fees
- $1,500
- Accounting fees
- $8,322
- Occupancy
- $176,100
- Travel
- $494,973
- Depreciation
- $193,584
- Program services (functional)
- $3,562,002
- Management and general (functional)
- $601,101
- Fundraising (functional)
- $164,567
Balance sheet and other
- Total assets, start of year
- $7,407,664
- Total assets, end of year
- $6,881,302
- Total liabilities, end of year
- $2,557,150
- Net assets, end of year
- $4,324,152
- Land, buildings and equipment
- $4,541,333
- Publicly traded securities
- $1,886,992
- Net assets without donor restrictions
- $4,324,152
- Gross receipts
- $4,410,576
- Employees
- 114
- Volunteers
- 175
- Year formed
- 1996
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IGOR VANOVAC | EXECUTIVE DIRECTOR Officer | 40 | $150,289 |
| MICHAEL DAY | DIRECTOR OF ATHLETE DEVELO Highest-paid employee | 40 | $135,116 |
| JASON MCLEAN | FINANCE DIRECTOR Highest-paid employee | 40 | $104,000 |
| LORI FURRER | ACADEMIC DIRECTOR Highest-paid employee | 40 | $100,131 |
| TERRENCE MCNABB | DIRECTOR Trustee or director | 1 | $0 |
| DAVID MERRIAM | DIRECTOR Trustee or director | 1 | $0 |
| ASHLEY GROVE | SECRETARY Trustee or director, Officer | 1 | $0 |
| ANDREW ARNOTT | VICE PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 |
| TAD DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| SAM GAINES | PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IGOR VANOVAC | EXECUTIVE DIRECTOR Officer | 40 | $203,742 |
| MICHAEL DAY | DIRECTOR OF ATHLETE DEVELOPMENT Highest-paid employee | 40 | $200,000 |
| LORI FURRER | ACADEMIC DIRECTOR Highest-paid employee | 40 | $106,503 |
| TERRENCE MCNABB | PRESIDENT Trustee or director, Officer | 3 | $0 |
| DAVID MERRIAM | DIRECTOR Trustee or director | 1 | $0 |
| ASHLEY GROVE | SECRETARY Trustee or director, Officer | 1 | $0 |
| ANDREW ARNOTT | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| TAD DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| SAM GAINES | TREASURER Trustee or director, Officer | 1 | $0 |
| RYAN HERATY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IGOR VANOVAC | EXECUTIVE DIRECTOR Officer | 40 | $130,787 |
| LORI FURRER | ACADEMIC DIRECTOR Highest-paid employee | 40 | $103,155 |
| TERRENCE MCNABB | PRESIDENT Trustee or director, Officer | 3 | $0 |
| DAVID MERRIAM | DIRECTOR Trustee or director | 1 | $0 |
| ASHLEY GROVE | SECRETARY Trustee or director, Officer | 1 | $0 |
| ANDREW ARNOTT | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| TAD DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| SAM GAINES | TREASURER Trustee or director, Officer | 1 | $0 |
| RYAN HERATY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 65 ACADEMY WAY, STOWE, VT 05672-5625
- Principal officer (990 for 2024)
- IGOR VANOVAC, 65 ACADEMY WAY, STOWE, VT 05672
- Signed the 990
- IGOR VANOVAC, AUTHORIZED TAX OFFICER AND EXEC DIR
- Phone
- (802) 253-7704
- Website
- WWW.MMSCA.ORG
- Return prepared by
- MCSOLEY MCCOY & CO
Mission
TO PROVIDE ACADEMIC EDUCATION AND SKI TRAINING TO STUDENT ATHLETES DURING THE ACADEMIC SCHOOL YEAR FOR COMPETITIVE SKI RACING.
Program accomplishments
- SEE SCHEDULE OMOUNT MANSFIELD SKI CLUB & ACADEMY HAS A STRONG AND LONG LASTING HERITAGE IN SKIING. SINCE 1934, WE HAVE OFFERED ON-SNOW PROGRAMS FOR ATHLETES AGED 7 TO 21 YEARS OLD. IN ADDITION TO TECHNICAL SKIING SKILLS, THESE PROGRAMS STRIVE TO TEACH OUR STUDENT-ATHLETES THE VALUES OF SPORTSMANSHIP AND TEAMWORK AND INSTILL A LIFELONG LOVE OF SKIING. WE FOSTER APPROXIMATELY 250 YOUNG ATHLETES IN THESE ON-SNOW PROGRAMS ANNUALLY.AS AN ALPINE SKIING ORGANIZATION, WE HOST VARIOUS SKI RACE EVENTS THROUGHOUT THE WINTER. THESE EVENTS INCLUDE COMMUNITY AND JUNIOR RACES ALL THE WAY UP TO INTERNATIONAL AND COLLEGE RACES. THE STOWE DERBY HOLDS QUITE THE LEGACY IN THE SKI COMMNITY. OUR RACE VENUE, MAIN STREET, IS WIDELY KNOW AS ONE OF THE BEST IN THE COUNTRY.Expenses $2,337,702 · revenue $2,625,427
- MT. MANSFIELD ACADEMY, AN APPROVED INDEPENDENT SCHGOOL, SUPPORTS OUR STUDENT ATHLETES IN THEIR PURSUIT OF ACADEMIC EXCELLENCE BY PROVIDING A YEAR ROUND CURRICULUM AS WELL AS A WINTER TERM TUTORIAL FOR GRADES 6 THROUGH POST GRADUATE STUDIES. WE CURRENTLY AVERAGE 65-75 STUDENT ATHLETES AND ARE CONTINUING TO SEE THIS NUMBER GROW ANNUALLY.Expenses $1,224,300 · revenue $1,412,340
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0354068
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B25P)
- Assets (IRS master file)
- $6,881,302
- Income (IRS master file)
- $4,410,576
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,168,867 | $4,327,670 | $6,881,302 | XML |
| 990 | June 2024 | $4,643,009 | $4,638,039 | $7,407,664 | XML |
| 990 | June 2023 | $4,340,919 | $4,328,255 | $7,761,505 | XML |
| 990 | June 2022 | $3,366,153 | $3,136,241 | $7,125,746 | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0354068).
Questions about MT MANSFIELD SKI CLUB & ACADEMY INC
- What is the EIN of MT MANSFIELD SKI CLUB & ACADEMY INC?
- The employer identification number (EIN) of MT MANSFIELD SKI CLUB & ACADEMY INC is 03-0354068.
- Is MT MANSFIELD SKI CLUB & ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to MT MANSFIELD SKI CLUB & ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MT MANSFIELD SKI CLUB & ACADEMY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MT MANSFIELD SKI CLUB & ACADEMY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MT MANSFIELD SKI CLUB & ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MT MANSFIELD SKI CLUB & ACADEMY INC?
- The 990 for the year ended June 30, 2025 names IGOR VANOVAC.
- Who are the officers and directors of MT MANSFIELD SKI CLUB & ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 4 received compensation from the organization, the highest $150,289 (IGOR VANOVAC, EXECUTIVE DIRECTOR).
- How much revenue does MT MANSFIELD SKI CLUB & ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,168,867, expenses of $4,327,670 and total assets of $6,881,302 at year end.
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