Annual MeetingMay 29, 2014

Agenda

1. Welcome and Introduction - Susan Carstensen, President

2. Year-End Financial Review - Lisa Tuckerman, Accountant

3. Election of Board Members

Nominees:• Hal Stanley, Representative at Large [Re-election for second 3-year term]• Travis Svensrud, Representative at Large [New]

4. Summary of Plans for New Fiscal Year - Swithin McGrath, Executive Director

Plans for 2013/14

Top 3 Priorities for 2013/14• Raise $169,000 in discretionary

cash in order to reinvest in programs, coaches, and operations, in order to achieve BSF Mission and Goals.

• Drive Enrollment and Retention at all levels of BSF, especially Alpine/FS YSL and Junior levels, including using best practices with customer and volunteer base.

• Develop and execute marketing and outreach strategies.

Outcomes

Accomplished

Accomplished

Accomplished & ongoing

Bridger Ski Foundation

Top 3 Priorities for 2014/15 Lessons learned from 2013/14• Implement Coach professional

development program, to include USSA Certification & USSA Licensing of coaches.

• Assist PDs in articulating to Members and implementing LTAD plans.

• Position BSF in the pipeline with USSA, and work internally on key organizational, programmatic areas, to become a Podium Certified ski club within USSA

• BSF is a large, complex organization with many employees. BSF has need for best practices and principles in Human Resources.

• BSF does not have unlimited capacity to deliver at a high level on everything -- we must continually evaluate and refine priorities and goals.

• Organizational, programmatic, and athletic development is a long-term process. We must all understand this, be patient, work strategically & systematically, and communicate the importance of this concept and process to our stakeholders.

2013-2014 Income Views

$547,325

$717,111

($169,785)

Program Revenue

Program Expense

Net Program Income

2013-2014 Net Program

$552,793

$899,398

($346,605)

Operating Income

Operating Expense

Net Operating Income

2013-2014 Operating Income

$772,600 $457,760

$314,840 Fundrasing Gross Revenues

Fundraising Expenses

Net Fundraising Income

2013-2014 Fundraising Net Income

($346,605)$314,840

($31,765)

Net Operating Income

Net Fundraising Income

Net Income (excluding depreciation)

Net Income excluding Depreciation

2013-2014 Sources of Revenue

$547,325

$456,776

$268,262

$47,563 $5,468 Program, Camps & Ski Event Revenues

Fundrasing Event Revenues

Unrestricted Donations & Sponsorships

Restricted Donations & Sponsorships

Misc. Other Income

TOTAL REVENUES: $1,325,394

2013-2014 Expenses by Revenue-Related Category

$431,182

$285,928

$416,123

$149,638

$41,637 $32,650

$83,117 Program Payroll

Program, Camps & Ski Event Expenses

Fundrasising Including Events

General & Administrative

Special Grant Related Spending

Scholarships

Depreciation (Non Cash Expense)

TOTAL EXPENSES: $1,440,275

2014-2015 Budgeted Income Views

$603,325

$791,013

($187,688)

Program Revenue

Program Expense

Net Program Income

2014-2015 Budgeted Net Program

$603,925

$931,901

($327,976)

Operating Income

Operating Expense

Net Operating Income

2014-2015 Budgeted Operating Income

$743,000

$412,588

$330,413 Fundrasing Gross RevenuesFundraising ExpensesNet Fundraising Income

2014-2015 Budgeted Fundraising Income

($327,976)$330,413

$2,437

Net Operating Income

Net Fundraising Income

Net Income (excluding depre-ciation)

2014-2015 Budgeted Net Income excluding Depreciation

2014-2015 Budgeted Sources of Revenue

$603,325

$460,000

$218,000

$65,000 $600

Program, Camps & Ski Event Revenues

Fundrasing Event Revenues

Unrestricted Donations & Sponsorships

Restricted Donations & Sponsorships

Misc. Other Income

TOTAL REVENUES: $1,346,925TOTAL REVENUES: $1,346,925

2014-2015 Budgeted Expenses by Revenue-Related Category

$489,488

$301,525

$412,588

$115,088

$25,800 $76,254

Program Payroll

Program, Camps & Ski Event Expenses

Fundrasising Including Events

General & Administrative

Scholarships

Depreciation (Non Cash Expense)

TOTAL EXPENSES: $1,420,742

Summary• Net Income*

2014 ($31K), 2013 $35K, 2012 ($29K), 2011 ($31K)

• Net Assets, June 2010 – May 2014$518 to $616 (vans + groomer, less accumulated depreciation; asset growth ~5%/yr.)

• Athlete Enrollment (winter programs)- 143 Alpine (125 in 2013)- 260 Nordic (241 in 2013)- 77 Freestyle (54 in 2013)

• Cash $272K (Down about $75K year over year due to repaying groomer loan)

*excluding fixed equipment fundraising (vans, groomer) and non-cash depreciation