TY 2020 Form 990

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

PACIFIC NW SKI EDUCATION
FOUNDATION

Employer identification number

23-7118655

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................1

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iii) Type of organization (described on lines 1- 10 above (see instructions))	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN		Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(A) PACIFIC NORTHWEST SKI ASSN PACIFIC NORTHWEST SKI ASSN	910678921	10	Yes		30,250	0

Total 1					30,250	0

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2020

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6	Public support. Subtract line 5 from line 4.

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
7	Amounts from line 4..
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support. Add lines 7 through 10

Gross receipts from related activities, etc. (see instructions) ..................

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2020 (line 6, column (f) divided by line 11, column (f)) .........

Public support percentage for 2019 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2020. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2019. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2020. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2019. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2020

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2020 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2019 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2020 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2019 Schedule A, Part III, line 17 .............

19a

331/3% support tests—2020. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2019. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2020

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Yes

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Yes

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Yes

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Yes

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990 or 990-EZ) 2020

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described in 11a above?

11b

A 35% controlled entity of a person described in line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Yes

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

Yes

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Yes

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2020

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1	0	3,280
2	Recoveries of prior-year distributions	2	0
3	Other gross income (see instructions)	3	44,346	32,340
4	Add lines 1 through 3	4	44,346	35,620
5	Depreciation and depletion	5	0
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6	2,855	6,451
7	Other expenses (see instructions)	7	0
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8	41,491	29,169

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a	849,115	935,869
b	Average monthly cash balances	1b	54,799	40,059
c	Fair market value of other non-exempt-use assets	1c	0
d	Total (add lines 1a, 1b, and 1c)	1d	903,914	975,928
e	Discount claimed for blockage or other factors (explain in detail in Part VI): 0
2	Acquisition indebtedness applicable to non-exempt use assets	2	0
3	Subtract line 2 from line 1d	3	903,914	975,928
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4	13,559	14,639
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5	890,355	961,289
6	Multiply line 5 by 0.035	6	31,162	33,645
7	Recoveries of prior-year distributions	7	0
8	Minimum Asset Amount (add line 7 to line 6)	8	31,162	33,645

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1	41,491
2	Enter 85% of line 1	2	35,267
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3	31,162
4	Enter greater of line 2 or line 3	4	35,267
5	Income tax imposed in prior year	5	0
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6	35,267

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2020

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1	49,025
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2	0
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3	6,451
4 Amounts paid to acquire exempt-use assets	4	0
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5	0
6 Other distributions (describe in Part VI). See instructions	6	0
7Total annual distributions. Add lines 1 through 6.	7	55,476
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8	30,250
9 Distributable amount for 2020 from Section C, line 6	9	35,267
10 Line 8 amount divided by Line 9 amount	10	85.7742000000 %

Section E - Distribution Allocations (see instructions)	(i) Excess Distributions	(ii) Underdistributions Pre-2020	(iii) Distributable Amount for 2020
1 Distributable amount for 2020 from Section C, line 6			35,267
2 Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions.		0
3 Excess distributions carryover, if any, to 2020:
a From 2015.......0
b From 2016.......8,351
c From 2017.......81,752
d From 2018.......88,991
e From 2019.......50,768
fTotal of lines 3a through e	229,862
g Applied to underdistributions of prior years		0
h Applied to 2020 distributable amount			35,267
i Carryover from 2015 not applied (see instructions)	0
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.	194,595
4Distributions for 2020 from Section D, line 7:
$ 55,476
a Applied to underdistributions of prior years		0
b Applied to 2020 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.	55,476
5 Remaining underdistributions for years prior to 2020, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.		0
6 Remaining underdistributions for 2020. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.			0
7 Excess distributions carryover to 2021. Add lines 3j and 4c.	250,071
8 Breakdown of line 7:
a Excess from 2016.....0
b Excess from 2017.....54,836
c Excess from 2018.....88,991
d Excess from 2019.....50,768
e Excess from 2020.....55,476

Schedule A (Form 990 or 990-EZ) (2020)

Schedule A (Form 990 or 990-EZ) 2020

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
PART IV, SECTION A, LINE 3B	THE ORGANIZATION HAS ITS SECTION 501(C)(4) SUPPORTED ORGANIZATION'S IRS DETERMINATION LETTER AND REVIEWS ITS FINANCIALS.
PART IV, SECTION A, LINE 3C	REVIEW OF FINANCIALS AND THAT AT LEAST 50% OF THE ORGANIZATIONS BOARD WILL CONSIST OF INDIVIDUALS WHO CURRENTLY SERVE OR IN THE PAST SERVED AS DIRECTORS ON THE BOARD OF THE SUPPORTED ORGANIZATION.
PART IV, SECTION D, LINE 3	PACIFIC NW SKI ASSOCIATION (PNSA) IS ADEQUATELY REPRESENTED IN THE GOVERNING BODY OF PACIFIC NW SKI EDUCATION FOUNDATION BECAUSE THE CLASS A TRUSTEES ARE ELECTED BY THE DELEGATES AT PNSA'S CONVENTION AND THE REQUIREMENTS OF CLASS B TRUSTEES AND ADVISORY TRUSTEES AS SET FORTH IN THE PNSEF BYLAWS MEANS THAT AT LEAST 50% OF PNSEF'S BOARD WILL CONSIST OF INDIVIDUALS WHO CURRENTLY SERVE OR IN THE PAST SERVED AS DIRECTORS ON THE PNSA BOARD OF DIRECTORS. THIS MEANS THAT A SIGNIFICANT NUMBER OF PNSEF'S TRUSTEES HAVE OR HAD A RELATIONSHIP WITH PNSA AND IN THIS WAY GIVES PNSA A SIGNFICIANT VOICE IN HOW PNSEF MANAGES AND USES ITS ASSETS.
PART V, SECTION D, LINE 8	PACIFIC NW SKI EDUCATION FOUNDATION (PNSEF) MEETS THE RESPONSIVENESS REQUIREMENT. PACIFIC NW SKI ASSOCIATION (PNSA) IS ADEQUATELY REPRESENTED IN THE GOVERNING BODY BECAUSE THE CLASS A TRUSTEES ARE ELECTED BY THE DELEGATES AT THE PNSA CONVENTION. THE REQUIREMENTS OF THE CLASS A TRUSTEES, CLASS B TRUSTEES, AND ADVISORY TRUSTEES (AS SET FORTH IN THE BYLAWS) MEAN THAT AT LEAST 50% OF THE BOARD WILL CONSIST OF INDIVIDUALS WHO CURRENTLY SERVE OR IN THE PAST SERVED AS DIRECTORS OF THE PNSA BOARD OF DIRECTORS. THIS MEANS THAT A SIGNIFICANT NUMBER OF PNSEF'S TRUSTEES HAVE OR HAD A RELATIONSHIP WITH PNSA AND IN THIS WAY GIVES PNSA A SIGNIFICANT VOICE ON HOW PNSEF MANAGES AND USES ITS ASSETS. PACIFIC NW SKI EDUCATION FOUNDATION (PNSEF) MEETS THE ATTENTIVENESS REQUIREMENT. EXCEPT FOR THE PNSEF GRANTS, ALL OF PNSA'S FUNDS ARE GENERATED FROM ITS ACTIVITIES AND ARE THEREFORE USED TO PAY THE COSTS OF SUCH ACTIVITIES, THE PNSA GRANT MAY BE THE ONLY DISCRETIONARY FUNDS AVAILABLE TO PNSA FOR CERTAIN ACTIVITIES. THIS FACT WOULD MAKE THE PNSEF GRANT OF SUCH IMPORTANCE TO PNSA'S BUDGET AS TO ENSURE ATTENTIVENESS. IN ADDITION, THE ELECTION OF CLASS A TRUSTEES BY PNSA MEMBERS AND THE REQUIREMENT THAT AT LEAST 50% OF THE CLASS A AND CLASS B TRUSTEES CURRENTLY SERVE OR SERVED IN THE PAST AS MEMBERS OF THE PNSA BOARD ALSO ENSURES THAT PNSA WILL BE ATTENTIVE TO PNSEF'S ROLE IN SUPPORTING PNSA WITH ITS ANNUAL GRANT TO PNSA AND WITH GRANTS TO PNSA SKIERS.

Schedule A (Form 990 or 990-EZ) 2020

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization

PACIFIC NW SKI EDUCATION
FOUNDATION

Employer identification number

23-7118655

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2020

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Term endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .......................

3a(i)

(ii) Related organizations .......................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....
b	Buildings ....
c	Leasehold improvements
d	Equipment ....
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..

Schedule D (Form 990) 2020

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	218
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2020

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1..................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................		2e
3	Subtract line 2e from line 1...................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation

Schedule D (Form 990) 2020

Additional Data

Software ID:
Software Version:

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization
PACIFIC NW SKI EDUCATION
FOUNDATION

Employer identification number
23-7118655

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(f) Method of valuation (book, FMV, appraisal, other)	(h) Purpose of grant or assistance
(1) PACIFIC NORTHWEST SKI ASSN 1329 SECTION AVE QUINCY,WA98848	91-0678921	501C4	5,250	COST	ALPINE/COACHES
(2) PACIFIC NORTHWEST SKI ASSOCIATION 1329 SECTION AVE QUINCY,WA98848	91-0678921	501C4	17,000	COST	OFFICE SUPPORT
(3) PACIFIC NORTHWEST SKI ASSN 1329 SECTION AVE QUINCY,WA98848	91-0678921	501C4	8,000	COST	NORDIC/COACHES

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2020

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance
(1) COMPETITION AND TRAINING	14	7,750	COST	N/A
(2) COMPETITION AND TRAINING	12	6,900	COST	N/A
(3) SCHOLARSHIPS COLLEGE	3	1,500	COST	N/A
(4) COACHES/OFFICIALS	1	2,625	COST	N/A
(4)
(5)
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference

Explanation

SCHEDULE I, PAGE 1, PART I, LINE 2

AMOUNT OF FUNDS TO BE AWARDED ARE DETERMINED ANNUALLY BY THE BOARD OF TRUSTEES IN THE BUDGETING PROCESS. THOSE REQUESTING GRANTS FOLLOW THE GRANT APPLICATION AND PROCEDURES. A COMMITTEE THOROUGHLY REVIEWS AND DETERMINES GRANT RECIPIENTS. GRANT FUNDS ARE DISTRIBUTED ONLY AFTER THE ATHLETE OR GROUP COMPLETED THE PROJECT UPON WHICH THE GRANT WAS AWARDED/BASED. IF AN ATHLETE OR GROUP DOES NOT PARTICIPATE IN THE PROJECT, THE GRANT FUNDS ARE NOT DISTRIBUTED. GRANT RECEIPIENTS PROVIDE A FOLLW UP SUMMARY AFTER THE EVENT.

SCHEDULE I, PAGE 4, PART IV

THE NUMBER OF RECIPIENTS FOR EACH TYPE OF GRANT REPORTED IN PART III, COLUMN (B) REFLECTS THE ACTUAL NUMBER OF RECIPIENTS GRANTS WERE GIVEN TO. THERE WERE A TOTAL OF 30 GRANTS GIVEN TO INDIVIDUALS. THERE WERE A TOTAL OF 29 INDIVIDUALS WHO RECEIVED ALL OF THE GRANTS, AS 1 INDIVIDUAL RECEIVED 2 GRANTS IN DIFFERENT TYPES OF ASSISTANCE. 5 GRANTS WERE GIVEN TO THE ORGANIZATION PACIFIC NORTHWEST SKI ASSOCIATION. 1 GRANT WAS FOR ALPINE TECH CAMP, 1 GRANT WAS COACHES/OFFICIALS EDUCATION FOR THE FALL COACH CONFERENCE, 1 GRANT WAS FOR NORDIC ENTRY FEES, 1 GRANT WAS FOR THE IMPACT PROGRAM, AND 1 GRANT WAS FOR THE OFFICE SUPPORT THAT WAS PROVIDED BY PACIFIC NORTHWEST SKI ASSOCIATION'S EMPLOYEES.

Schedule I (Form 990) 2020

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

PACIFIC NW SKI EDUCATION
FOUNDATION

Employer identification number

23-7118655

Return Reference	Explanation
FORM 990 - ORGANIZATION'S MISSION	THE PACIFIC NORTHWEST SKI EDUCATION FOUNDATION (PNSEF) IS ORGANIZED EXCLUSIVELY TO ENGAGE IN AND CONDUCT CHARITABLE AND EDUCATIONAL ACTIVITIES. INCLUDED WITHIN SAID PURPOSES, BUT NEITHER BY WAY OF LIMITATION NOR EXPANSION THEREON ARE: TO ASSIST THE PACIFIC NORTHWEST SKI ASSOCIATION (PNSA), THE UNITED STATES SKI & SNOWBOARD ASSOCIATION (USSA), AND OTHER NOT-FOR-PROFIT ORGANIZATIONS ALIGNED WITH OUR CHARITABLE PURPOSES, TO CARRY OUT THE OBJECTS AND PURPOSES FOR WHICH SUCH ORGANIZATIONS ARE ESTABLISHED; TO EDUCATE MEMBERS OF PNSA, USAA, AND THE PUBLIC AS TO ALL FACETS OF LOCAL, NATIONAL, AND INTERNATIONAL SKI AND SNOWBOARD COMPETITION; TO PROVIDE SCHOLARSHIPS AND GRANTS TO WORTHY ALPINE, NORDIC AND SNOWBOARD COMPETITORS AND THEIR COACHES IN ORDER TO ATTEND LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL COMPETITIONS; TO FURTHER THEIR TRAINING; AND ASSIST THEM IN PURSUING COLLEGE, UNIVERSITY, AND POST-GRADUATE STUDIES; TO CARRY ON, SPONSOR AND SUPPORT EDUCATIONAL AND RELATED ACTIVITIES DESIGNED TO PROVIDE ALPINE, NORDIC, AND SNOWBOARD COMPETITORS WITH FULL KNOWLEDGE ABOUT THEIR EVENTS; TO TRAIN QUALIFIED COMPETITION OFFICIALS NEEDED FOR SKI AND SNOWBOARD COMPETITIONS; AND TO TRAIN QUALIFIED COACHES FOR SKI AND SNOWBOARD RACES; TO CARRY ON, SPONSOR, AND SUPPORT ALPINE, NORDIC AND SNOWBOARD COMPETITIONS; TO ENLIST PUBLIC INTEREST AND SUPPORT IN THESE PURPOSES.
FORM 990, PAGE 1, PART I, LINE 6	BOARD OF TRUSTEES ARE UNPAID. THEY HAVE THE SOLE RESPONSIBILITY FOR THE MANAGEMENT OF THE ORGANIZATION. OTHER VOLUNTEERS PROVIDE FUNDRAISING PLANNING/PRODUCTION ACTIVITIES.
FORM 990, PAGE 2, PART III, LINE 4D	ADMINISTRATIVE GRANT FOR OFFICE SUPPORT
FORM 990, PAGE 6, PART VI, LINE 7A	CLASS A TRUSTEES (ELECTED TRUSTEES) WILL BE NOMINATED TO SERVE AS TRUSTEES EITHER BY NOMINATING COMMITTEE ORGANIZED IN A MANNER SET FORTH IN THE BY- LAWS AND MAY ALSO BE NOMIATED FROM THE FLOOR AT THE PACIFIC NORTHWEST SKI ASSOCIATION ANNUAL CONVENTION. FROM THOSE PERSONS DULY NOMINATED, THOSE PERSONS WHO RECEIVE THE MOST VOTES (WHICH NEED NOT BE A MAJORITY) FROM DELEGATES AT THE PNSA CONVENTION SHALL BE ELECTED TO SERVE AS AN ELECTED TRUSTEE EXCEPT THAT NOT LESS THAN HALF OF THE ELECTED TRUSTEES SHALL BE PERSONS WHO ARE CURRENT OR FORMER DIRECTORS OR OFFICERS OF THE PACIFIC NORTHWEST SKI ASSOCIATION. CLASS B TRUSTEES (APPOINTED TRUSTEES) WILL BE NOMINATED TO SERVE AS TRUSTEES BY ANY MEMBER OF THE BOARD OF TRUSTEES. A PERSON DULY NOMINATED WILL BE APPOINTED TO THE BOARD OF TRUSTEES IF SUCH APPOINTMENT RECEIVES THE AFFIRMATIVE VOTE OF A MAJORITY OF THE TRUSTEES PRESENT AT ANY MEETING OF THE BOARD OF TRUSTEES AT WHICH A QUORUM IS PRESENT. NOT LESS THAN HALF OF THE APPOINTED TRUSTEES SHALL BE PERSONS WHO ARE CURRENT OR FORMER DIRECTORS OR OFFICERS OF THE PACIFIC NORTHWEST SKI ASSOCIATION.
FORM 990, PAGE 6, PART VI, LINE 7B	THE BOARD OF TRUSTEES SHALL HAVE THE SOLE RESPONSIBILITY FOR THE MANAGEMENT OF THE BUSINESS OF THE CORPORATION. IN THE MANAGEMENT AND CONTROL OF THE PROPERTY, BUSINESS, AND AFFAIRS OF THE CORPORATION, THE BOARD IS VESTED WITH ALL OF THE POWERS POSSESSED BY THE CORPORATION ITSELF, SO LONG AS THIS DELEGATION OF POWER IS NOT INCONSISTENT WITH THE WASHINGTON NONPROFIT CORPORATION ACT, THE CORPORATION'S ARTICLES OF INCORPORATION, OR THE BYLAWS. THE BOARD MAY DESIGNATE ONE OR MORE OFFICERS OF THE CORPORATION WHO WILL HAVE THE POWER TO SIGN ALL DEEDS, LEASES, CONTRACTS, MORTGAGES, DEEDS OF TRUST AND OTHER INSTRUMENTS AND DOCUMENTS EXECUTED BY AND BINDING UPON THE CORPORATION.
FORM 990, PAGE 6, PART VI, LINE 11B	FINANCIALS REVIEWED AT BOARD MEETINGS
FORM 990, PAGE 6, PART VI, LINE 12C	EACH COVERED PERSON SHALL PROMPTLY AND FULLY DISCLOSE ALL MATERIAL FACTS OF EVERY ACTUAL OR POTENTIAL CONFLICT OF INTEREST: EXISTING AT THE TIME WHEN HE/SHE BECOMES A COVERED PERSON, THAT ARISES WHILE HE/SHE IS A COVERED PERSON, AND ANNUAL THROUGH THE ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. ALL DISCLOSURES INVOLVING A TRANSACTION OR ARRANGEMENT BEING CONSIDERED AT A MEETING OF THE BOARD OF TRUSTEES OR A COMMITTEE SHALL BE MADE TO ALL MEMBERS PRESENT AT SUCH MEETING. ALL OTHER DISCLOSURES SHALL BE MADE TO THE PRESIDENT (WHO SHALL DISCLOSE HIS OR HER CONFLICTS TO THE BOARD OF TRUSTEES). THE PRESIDENT SHALL THEN DISCLOSE TO THE BOARD OF TRUSTEES ALL CONFLICTS OF INTEREST REPORTED TO HIM OR HER UNDER THIS POLICY. THE BOARD OF TRUSTEES WILL EVALUTE THE DISCLOSURES AND THE MATERIAL FACTS RELATING TO THE TRANSACTION OR ARRANGEMENT GIVING RISE TO THE POTENTIAL CONFLICT OF INTEREST TO DETERMINE WHETHER THEY INVOLVE ACTUAL CONFLICTS OF INTEREST AND MAY ATTEMPT TO DEVELOP ALTERNATIVES TO REMOVE THE CONFLICT FROM THE TRANSACTION OR ARRANGEMENT. THE BOARD OF TRUSTEES MAY, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. A COVERED PERSON WHO HAS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST SHALL NOT BE PRESENT FOR OR SHALL LEAVE ANY ANY PORTION OF A MEETING AT WHICH THE BOARD OF TRUSTEES OR A COMMITTEE IS VOTING TO DETERMINE WHETHER A CONFLICT EXISTS, BY MAY BE PRESENT PRIOR TO THE VOTE TO MAKE A PRESENTATION TO THE BOARD OR COMMITTEE, TO DISCLOSE ADDITIONAL FACTS, OR TO RESPOND TO QUESTIONS.
FORM 990, PAGE 6, PART VI, LINE 19	UPON REQUEST

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization

PACIFIC NW SKI EDUCATION
FOUNDATION

Employer identification number

23-7118655

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)PACIFIC NORTHWEST SKI ASSN 1329 SECTION AVE QUINCY,WA98848 91-0678921	SPORTS	WA	501C4		N/A		No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2020

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No

Schedule R (Form 990) 2020

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

Yes

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

Yes

o Sharing of paid employees with related organization(s) ............................

Yes

p Reimbursement paid to related organization(s) for expenses ............................

Yes

q Reimbursement paid by related organization(s) for expenses ............................

Yes

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) PACIFIC NORTHWEST SKI ASSOCIATION	C	1,200	COST
(2) PACIFIC NORTHWEST SKI ASSOCIATION	B	8,000	COST
(3) PACIFIC NORTHWEST SKI ASSOCIATION	B	750	COST
(4) PACIFIC NORTHWEST SKI ASSOCIATION	B	500	COST
(5) PACIFIC NORTHWEST SKI ASSOCIATION	B	4,000	COST
(6) PACIFIC NORTHWEST SKI ASSOCIATION	B	17,000	COST
(7) PACIFIC NORTHWEST SKI ASSOCIATION	N	3,750	COST
(8) PACIFIC NORTHWEST SKI ASSOCIATION	O	52,410	COST
(9) PACIFIC NORTHWEST SKI ASSOCIATION	Q	475	COST
(10) PACIFIC NORTHWEST SKI ASSOCIATION	Q	11,470	COST
(11) PACIFIC NORTHWEST SKI ASSOCIATION	P	7,729	COST

Schedule R (Form 990) 2020

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2020

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference

Explanation

SCHEDULE R

PACIFIC NORTHWEST SKI ASSN IS A RELATED PARTY TO PACIFIC NORTHWEST SKI EDUCATION FOUNDATION. THEY SHARE AN EMPLOYEE AND THE EMPLOYEE WORKS OUT OF THE SAME FACILITY FOR BOTH ORGANIZATIONS. PACIFIC NORTHWEST SKI ASSN ALSO PAYS FOR STORAGE OF DOCUMENTS FOR BOTH ORGANIZATIONS. PACIFIC NORTHWEST SKI EDUCATION FOUNDATION WILL GRANT MONEY TO PACIFIC NORTHWEST SKI ASSN, THE AMOUNTS ARE DETERMINED BY THE BOARD OF TRUSTEES. THE GRANTS INCLUDED GRANTS IN RELATION TO NORDIC FEES AND DEVELOPMENT, ALPINE DEVELOPMENT, OFFICE GRANTS, COACHES SUPPORT, AND IMPACT PROGRAM. PACIFIC NORTHWEST SKI ASSOCIATION COLLECTED THE PROGRAM FEES AND ADMINISTERED THE PROGRAM FOR THE ELITE PASS. PACIFIC NORTHWEST SKI ASSOCIATION DISTRIBUTED THE PROCEEDS TO PACIFIC NORTHWEST EDUCATION FOUNDATION. PACIFIC NORTHWEST SKI ASSN DONATED MONEY TO PACIFIC NORTHWEST EDUCATION FOUNDATION FOR PACFIC NORTHWEST EDUCATION FOUNDATION'S MASTERS PROGRAM. PACIFIC NORTHWEST SKI ASSN ALSO REIMBURSED PACIFIC NORTHWEST EDUCATION FOUNDATION FOR DONATIONS COLLECTED FROM OTHERS BUT FOR PACIFIC NORTHWEST EDUCATION FOUNDATION FOR THE CURRENT FISCAL YEAR. PACIFIC NORTHWEST EDUCATION FOUNDATION REIMBURSED PACIFIC NORTHWEST SKI ASSN FOR EXPENSES PAID ON BEHALF OF PACIFIC NORTHWEST EDUCATION FOUNDATION INCLUDING MEMBERSHIP DUES, INSURANCE, DONATIONS, OFFICE SUPPLIES, LICENSE AND EMAIL SERVICES.

Schedule R (Form 990) 2020

Additional Data

Software ID:
Software Version:

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	7,843	8,382
9	Program service revenue (Part VIII, line 2g) .........	17,100	11,470
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	41,715	41,526
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	-910	-3,746
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	65,748	57,632
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	47,913	49,025
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)		0
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	11,691	15,494
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	59,604	64,519
19	Revenue less expenses. Subtract line 18 from line 12.......	6,144	-6,887
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	816,003	809,334
21	Total liabilities (Part X, line 26).............		218
22	Net assets or fund balances. Subtract line 21 from line 20.....	816,003	809,116

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 1,500 including grants of $ 1,500 ) (Revenue $ )
	SCHOLARSHIP GRANTS: THERE ARE 3 SCHOLARSHIPS OFFERED ANUALLY TO PACIFIC NW SKI ASSOCIATION ATHLETES AND COACHES FOR CONTINUING EDUCATION. THE TYPES OF SCHOLARSHIPS OFFERED INCLUDE: A SCHOLARSHIP AWARDED TO AN OUTSTANDING FEMALE SKI RACER FOR COLLEGE EDUCATION, A SCHOLARSHIP AWARDED TO AN OUSTANDING MALE SKI RACER FOR COLLEGE EDUCATION, AND A SCHOLARSHIP AWARDED TO A COACH FOR HIS/HER EDUCATION AND MAY BE USED FOR COLLEGE TUITION OR FOR REGISTRATION COSTS TO ATTEND COACHING CLINICS. DURING THE FISCAL YEAR 3 SCHOLARSHIPS WERE GIVEN OUT.

4b	(Code: ) (Expenses $ 15,625 including grants of $ 15,625 ) (Revenue $ 11,470 )
	ALPINE/MASTERS TEAM GRANTS: INDIVIDUAL GRANT PROGRAM COVERS EXPENSES INCURRED DURING COMPETITION OR TRAINING. PROJECT GRANTS ARE USED TO UNDERWRITE A PORTION OF THE PROJECT'S COST; THIS INCLUDES THE ALPINE SPEED CAMP AND TECHNOLOGY PROJECT GRANTS. OTHER GRANTS INCLUDE GRANTS FOR OFFICIALS/COACHES CLINICS AND COVID RELIEF.

4c	(Code: ) (Expenses $ 14,900 including grants of $ 14,900 ) (Revenue $ )
	NORDIC JO TEAM GRANTS: INDIVIDUAL GRANT PROGRAM COVERS EXPENSES INCURRED DURING COMPETITION OR TRAINING. PROJECT GRANTS ARE USED TO UNDERWRITE A PORTION OF THE PROJECT'S COST; THIS INCLUDES THE IMPACT PROJECT.

	(Code: ) (Expenses $ 17,000 including grants of $ 17,000 ) (Revenue $ )
	ADMINISTRATIVE GRANT FOR OFFICE SUPPORT

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 17,000 including grants of $ 17,000 ) (Revenue $ )
4e	Total program service expenses49,025

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W-2/1099-MISC)	(E) Reportable compensation from related organizations (W-2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) DEBBIE KRAY...................................................................... CLASS A. POS	3.00 .................	X	X	0	0	0
(2) VICKI LONGHINI...................................................................... CLASS A. POS	1.00 ................. 2.00	X		0	0	0
(3) TERESA CRAVENS...................................................................... CLASS A. POS	3.00 .................	X	X	0	0	0
(4) ROGER ROOT...................................................................... CLASS A. POS	0.50 ................. 9.00	X		0	0	0
(5) DAN BATES...................................................................... CLASS A. POS	0.50 .................	X		0	0	0
(6) CHUCK KENLAN...................................................................... CLASS A. POS	0.50 .................	X		0	0	0
(7) DEANNE WOODRING...................................................................... CLASS A. POS	3.00 .................	X	X	0	0	0
(8) KERRY GODFREY...................................................................... CLASS A. POS	0.50 .................	X		0	0	0
(9) TOM MILLER...................................................................... CLASS B. POS	0.50 .................	X	X	0	0	0
(10) ROBERT ROSEN...................................................................... CLASS B. POS	0.50 .................	X		0	0	0
(11) DAN SIMONEAU...................................................................... CLASS B. POS	0.50 .................	X		0	0	0
(12) TODD GROVER...................................................................... CLASS B. POS	0.50 .................	X		0	0	0

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)						(D) Reportable compensation from the organization (W-2/1099-MISC)	(E) Reportable compensation from related organizations (W-2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title

1	Briefly describe the organization’s mission or most significant activities: THE PACIFIC NORTHWEST SKI EDUCATION FOUNDATION (PNSEF) IS ORGANIZED EXCLUSIVELY TO ENGAGE IN AND CONDUCT CHARITABLE AND EDUCATIONAL ACTIVITIES. INCLUDED WITHIN SAID PURPOSES, BUT NEITHER BY WAY OF LIMITATION NOR EXPANSION THEREON ARE: TO ASSIST THE PACIFIC NORTHWEST SKI ASSOCIATION (PNSA), THE UNITED STATES SKI & SNOWBOARD ASSOCIATION (USSA), AND OTHER NOT-FOR-PROFIT ORGANIZATIONS ALIGNED WITH OUR CHARITABLE PURPOSES, TO CARRY OUT THE OBJECTS AND PURPOSES FOR WHICH SUCH ORGANIZATIONS ARE ESTABLISHED; TO EDUCATE MEMBERS OF PNSA, USAA, AND THE PUBLIC AS TO ALL FACETS OF LOCAL, NATIONAL, AND INTERNATIONAL SKI AND SNOWBOARD COMPETITION; TO PROVIDE SCHOLARSHIPS AND GRANTS TO WORTHY ALPINE, NORDIC AND SNOWBOARD COMPETITORS AND THEIR COACHES IN ORDER TO ATTEND LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL COMPETITIONS; TO FURTHER THEIR TRAINING; AND ASSIST THEM IN PURSUING COLLEGE, UNIVERSITY, AND POST-GRADUATE STUDIES; TO CARRY ON, SPONSOR AND SUPPORT EDUCATIONAL AND RELATED ACTIVITIES DESIGNE
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	12
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	12
5	Total number of individuals employed in calendar year 2020 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	25
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c	6,510
d	Related organizations		1d	1,200
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f	672

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		8,382

		Business Code
2a	ELITE PASS	711210	11,470	11,470
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		11,470

3 Investment income (including dividends, interest, and othersimilar amounts) ......			20,870			20,870
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	3,430	150,957	7a
b	Less: cost or other basis and sales expenses		133,731	7b
c	Gain or (loss)	3,430	17,226	7c
d	Net gain or (loss).........			20,656			20,656
8a	Gross income from fundraising events (not including $ 6,510of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b	3,746
c	Net income or (loss) from fundraising events..			-3,746
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			57,632	11,470		41,526

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	30,250	30,250
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	18,775	18,775
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	2,500		2,500
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	9,043		9,043
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....
13	Office expenses .......	412		412
14	Information technology ......	2,390		2,390
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..
23	Insurance ...	845		845
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	BANK CHARGES	294		294
b	LICENSE	10		10
c
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	64,519	49,025	15,494	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........		9,652	1	19,530
2	Savings and temporary cash investments .........		35,927	2	24,984
3	Pledges and grants receivable, net ......			3
4	Accounts receivable, net .............			4
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				6
7	Notes and loans receivable, net ...........			7
8	Inventories for sale or use ............			8
9	Prepaid expenses and deferred charges ......			9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation	10b		10c
11	Investments—publicly traded securities .		770,424	11	764,460
12	Investments—other securities. See Part IV, line 11 .....			12
13	Investments—program-related. See Part IV, line 11 ..			13
14	Intangible assets ...............			14
15	Other assets. See Part IV, line 11 ...........			15	360
16	Total assets. Add lines 1 through 15 (must equal line 33)...		816,003	16	809,334

17	Accounts payable and accrued expenses .....		17
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25	218
26	Total liabilities. Add lines 17 through 25..	0	26	218

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	816,003	27	809,116
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	816,003	32	809,116
33	Total liabilities and net assets/fund balances ........	816,003	33	809,334