Club Revenue Sources
SSWSC received a PPP loan of $353,000 which was forgiven, becoming a grant included in Fundraising Activities.
SSWSC is reporting a net income for the 2020/2021 fiscal year in excess of $125,000. The Board approved that a capital project fund be established to support work on current projects.
While the pandemic created hardship for many families, our donors recognized that the club needed to provide additional scholarship support to keep local children involved. With great generosity, our fundraising efforts allowed for a 32% increase in need-based scholarship spending over the prior year.
Over the past 10 years, program expenses doubled in spending to improve the quality of our programs, coaching and staff, and also to meet the needs of our growing community.
Assets for the Future
Generous contributions, coupled with strong market performance, greatly enhanced our stability for the future, helping to ensure our programs will continue for decades to come.
The SSWSC Foundation received a grant of $1.5million over 2 years from VF Corporation in support of the replacement of the aging Barrows chairlift at Howelsen Hill. 100% of these funds have been contributed to the City of Steamboat Springs specifically for the chairlift project.