Overview
What is Prospect Mountain Association Inc?
Prospect Mountain Association Inc is a charitable organization situated in the communities of southern Vermont and western Massachusetts. Its primary mission is to foster community health and wellbeing by offering maintained cross-country ski trails and programs for a diverse population. Additionally, the association aims to promote and develop the sport of cross-country skiing through educational activities within these communities, operating under the 501(c)(3) status as per the Internal Revenue Code.
Official website here: www.prospectmountain.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The Prospect Mountain Association Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The overall score is based entirely on the Accountability & Finance beacon, which reflects the organization’s commitment to transparency and responsibility in financial practices.
Strengths of the organization include a high percentage of independent board members, with 90% being independent, and a strong program expense ratio of 95.55%, suggesting that a significant portion of funds is directed toward its mission. Additionally, the association demonstrates robust policies such as whistleblower protection and document retention strategies, which enhance its governance framework.
While the rating is generally favorable, it is important to note that the charity's overall score is reliant solely on the Accountability & Finance metrics. No additional strengths in other areas, such as fundraising efficiency or impact, are highlighted in the data provided, which may limit a comprehensive view of the organization's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Prospect Mountain Association Inc legitimate?
Prospect Mountain Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prospect Mountain Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $62,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,455
For more financial information, click here
Official website here: www.prospectmountain.net
What is the mission statement of Prospect Mountain Association Inc?
Prospect Mountain Association Inc's mission is centered around supporting community health and wellbeing. They accomplish this by providing well-maintained cross-country ski trails and programs for a diverse population in the Southern Vermont and Western Massachusetts communities. Additionally, the organization is committed to promoting and developing the sport of cross-country skiing through related educational activities within these communities. As a charitable organization, Prospect Mountain Association Inc is organized for charitable and educational purposes, as outlined in Section 501(C)(3) of the Internal Revenue Code of 1986 or any future United States Internal Revenue law.
Official website here: www.prospectmountain.net
Who is the CEO of Prospect Mountain Association Inc?
David Newell is the President of Prospect Mountain Association Inc.
Official website here: www.prospectmountain.net
What is the revenue of Prospect Mountain Association Inc?
Prospect Mountain Association Inc's revenue in 2022 was $1,080,365.
Official website here: www.prospectmountain.net
Who are the executives of Prospect Mountain Association Inc and what are their salaries?
The average compensation at Prospect Mountain Association Inc during 2022 was $10,246. There are 10 employees and 25 volunteers at Prospect Mountain Association Inc.
Here are 10 key members and their salaries:
- Compensation: $44,569
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Official website here: www.prospectmountain.net
Where can I find the form 990 for Prospect Mountain Association Inc?
Prospect Mountain Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prospectmountain.net
Learn more at the official website: www.prospectmountain.net
Mission Statement of Prospect Mountain Association Inc
Prospect Mountain Association Inc, a charitable organization operating under Section 501(C)(3) of the Internal Revenue Code, is dedicated to enhancing community health and wellbeing. It achieves this goal by providing well-groomed cross-country ski trails and programs for a diverse population in the Southern Vermont and Western Massachusetts communities. Furthermore, the organization is committed to promoting and developing the sport of cross-country skiing through related educational activities within these communities. By offering these services, Prospect Mountain Association Inc aims to contribute positively to the physical and mental wellbeing of its community members, fostering a healthier and more active lifestyle.
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Impact
July, 2024
Prospect Mountain Association Inc positively impacts the communities of southern Vermont and western Massachusetts by providing groomed cross-country ski trails and programs for a diverse population. Through these offerings, the organization supports community health and wellbeing while promoting and developing the sport of cross-country skiing. Their focus on educational activities enhances the overall experience and engagement of the communities they serve.
This information is meant to be a general summary of Prospect Mountain Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,129
- Program Service Revenue: $233,386
- Gross Receipts: $1,146,236
Assets and Liabilities:
- Total Assets: $2,108,013
- Total Liabilities: $4,078
- Net Assets: $2,103,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL TEAM FEES
Revenue
$9,210
DAY PASSES
Revenue
$90,573
MISCELLANEOUS
Revenue
$346
SEASONS PASSES
Revenue
$126,427
SKI RACES
Revenue
$6,713
Organization Details
Founding Year
2017
Phone
(802) 442-2575Principal Officer
David Newell
Main Address
116 SOUTH STREET, BENNINGTON, VT, 05201
Website
www.prospectmountain.netNTEE Category
Code: N30 - Recreation
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