Overview
What is Killington Mountain Foundation Inc?
Killington Mountain Foundation Inc, based in Killington, Vermont, primarily functions as a nonprofit organization. Its primary objective is to raise and distribute funds, primarily through grants and other charitable contributions, to foster and develop athletes for sports competitions. The foundation, known as the Killington World Cup Foundation (KWCF), was established to support local and regional youth development programs and contribute to the Women's World Cup at Killington. KWCF aims to provide grants for winter sports infrastructure and enhance access to winter sports in the Northeast, ultimately promoting lifelong participation in these sports.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates that while Killington Mountain Foundation Inc displays some strengths, there are significant areas for improvement. The organization has a solid program expense ratio of 93.57%, suggesting that a high percentage of its expenses directly support its programs, which is a positive indicator for donors looking for effective use of funds.
One of the notable strengths of the foundation is its governance structure, with 100% of its board members being independent. Additionally, there are no reported material diversions of assets, ensuring that the funds are used as intended. However, the lack of financial statements and several missing policies, such as conflict of interest and whistleblower policies, raises concerns about transparency and accountability.
Despite its strengths, the absence of essential financial documentation and policies could hinder the foundation's credibility and trustworthiness. The missing website on the tax form and various governance documents suggest a need for improved organizational practices to enhance overall accountability. Donors may want to consider these factors when evaluating their support for the foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Killington Mountain Foundation Inc legitimate?
Killington Mountain Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Killington Mountain Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Killington Mountain Foundation Inc?
The Killington World Cup Foundation, often referred to as KWCF, was established with a dual purpose: to aid in the development of local and regional youth programs, and to support the Women's World Cup at Killington. The foundation aims to achieve this by distributing funds primarily through grants and other non-profit organizations and individuals. The primary goal of KWCF is to enhance the winter sports infrastructure and make winter sports more accessible in the northeastern region, with the ultimate aim of fostering lifelong participants in the sport.
Who is the CEO of Killington Mountain Foundation Inc?
Chris Bianchi is the President of Killington Mountain Foundation Inc.
What is the revenue of Killington Mountain Foundation Inc?
Killington Mountain Foundation Inc's revenue in 2022 was $509,900.
Who are the executives of Killington Mountain Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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- Compensation: $40,000
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Where can I find the form 990 for Killington Mountain Foundation Inc?
Killington Mountain Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Killington Mountain Foundation Inc
Killington Mountain Foundation Inc, established with a focus on benefiting local and regional youth development programs, was created with an additional purpose of supporting the Women's World Cup at Killington. The foundation's mission is to provide grants, primarily through non-profit organizations and charitable individuals, to support winter sports infrastructure and ensure access to winter sports in the Northeast. The ultimate goal is to cultivate lifelong participants in these sports. By accomplishing this mission, Killington Mountain Foundation Inc aims to foster and develop athletes for sports competition.
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Impact
July, 2024
Killington Mountain Foundation Inc's impact can be seen through its creation of the "Killington World Cup Foundation" (KWCF), which aims to benefit local and regional youth development programs and support the Women's World Cup at Killington. The foundation raises and distributes funds to foster and develop athletes for sports competition, primarily through grants to non-profit or charitable organizations and individuals. By providing grants to support winter sports infrastructure and access to winter sports in the Northeast, KWCF is working towards creating lifelong participants of the sport. This initiative contributes to the growth and sustainability of winter sports in the region, enhancing opportunities for youth development and athletic achievement.
This information is meant to be a general summary of Killington Mountain Foundation 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.
- Program Service Revenue: $170,975
- Gross Receipts: $509,900
Assets and Liabilities:
- Total Assets: $463,157
- Total Liabilities: $0
- Net Assets: $463,157
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
KILLINGTON WORLD CUP
Revenue
$170,975
Organization Details
Founding Year
2018
Phone
(802) 422-5671Principal Officer
Chris Bianchi
Main Address
2708 KILLINGTON ROAD, KILLINGTON, VT, 05751
NTEE Category
Code: N12 - Recreation
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