Frequently Asked Questions
How Is Friends Of Burke Mountain Organized?
Friends of Burke Mountain, Inc. is a Vermont nonprofit corporation. It is governed by a Board of Directors. The Directors elect the officers of the organization.The Board of Directors has a number of committees, including the Events and Volunteer Committees. Individuals other than Directors who wish to support the organization may become nonvoting members of Board Committees. In addition, Friends of Burke Mountain has an Advisory Council of up to 100 members. The Advisory Council is made up of volunteers, donors, and others who contribute to the success of the organization. The Advisory Council meets at least once per year with the Board of Directors and provides advice to the Directors. The Advisory Council is also a way to develop new leadership and recruit new Directors. If you are interested in becoming a Director, Board Committee Member, or Advisory Committee Member, send an email to firstname.lastname@example.org.
What Is The Difference Between The Friends Of Burke Mountain Facebook Group And Your Organization?
The Friends of Burke Mountain Facebook Group is an independent forum originally started by some of the founders of Friends of Burke Mountain, Inc. after QBurke Mountain and QBurke Hotel laid off approximately 180 workers. The Friends of Burke Mountain Facebook Group remains an open forum for, as of this writing, more than 3,900 Facebook members, including current and former employees, Burke area residents, pass holders, local businesses, community leaders, skiers, boarders, bikers, and friends and family who are concerned about the Mountain’s future. The purpose of this group is to share news and opinions, in a respectful manner, about the direction of the Mountain, the hotel, its ownership and management, all with the goal of producing the best outcomes for key stakeholders. The Friends of Burke Mountain, Inc. is not the sponsor of and it is not associated with the Friends of Burke Mountain Facebook Group.
Why Does The Friends Of Burke Mountain, Inc. Have Its Own Facebook Page and What Is Its Purpose?
Our organizational Facebook page provides an official channel for information relating to the Friends of Burke Mountain, Inc., closely mirroring the “News” section of FriendsofBurke.com. While the original group is a great community resource, we’ve created an official page in order to more effectively communicate, and build strong relationships with the community members committed to the long term success of Burke Mountain. We welcome you to communicate with the organization directly through our Facebook Page or by using the “Contact Us” page on the website.
Are My Contributions to Friends Of Burke Mountain Tax Deductible?
Please consult your tax advisor. Friends of Burke Mountain, Inc. is a Vermont nonprofit corporation that has applied for tax exempt status from the Internal Revenue Service. The process of obtaining tax exempt status usually takes about six months. If the IRS grants Friends of Burke Mountain, Inc. tax exempt status, donations made as of the date of our incorporation, April 22, 2016, may be deductible as charitable contributions.
What Does Becoming A Member Of Friends Of Burke Mountain, Inc. Mean?
Becoming a member of Friends of Burke Mountain, Inc. means that you are making a contribution to support the mission and activities of the organization. In addition, by becoming a member, either as an individual or as a family, you are entitled to certain benefits for a period of one year. Membership benefits include discounts from participating businesses that support our organization and we encourage you, in turn, to support our underwriting business partners. Here is a partial list of underwriting business partners that offer discounts to members of Friends of Burke Mountain, Inc.
- Auntie Dee Dees Homemade Vt. Baked Goods
- Chuck’s Flooring & Tile
- East Burke Market
- Foggy Goggle Osteria
- Kingdom Landscape
- Marybeth Anderson Massage Therapist
- Village Inn
- WilloBurke Boutique Inn + Lodge
Like many Vermont nonprofit corporations, Friends of Burke Mountain, Inc. is not organized as a membership organization and, therefore, members do not have any voting or other legal rights within the organization.
How Is The Friends Of Burke Mountain Different From The Burke Area Chamber Of Commerce Or The Northeast Kingdom Travel And Tourism Association?
Friends of Burke Mountain, Inc. is a nonprofit organization dedicated to assuring the long-term success of Burke Mountain for the benefit of the local community, the Northeast Kingdom, and the future enjoyment of all those who treasure it. Our first priority is to help assure that the Mountain re-opens swiftly and permanently. We also seek to support the Mountain and local community during the receivership period and beyond. Read more about our short and long term goals.
The principal differences among Friends of Burke Mountain and the Chamber of Commerce and NKTTA are, first, that our organization is focused on Burke Mountain and its importance as an “engine” that creates jobs, economic opportunity, and as a treasured place that all may enjoy for recreation and amateur athletic competition. Second, Friends of Burke Mountain seeks to organize those who love and care about the Mountain, including residents of the Burke Area, those who grew up in and around the Mountain and now live in other places, Burke property and condominium owners, visitors to the Mountain, pass holders, and the the very large regional, national, and international community of friends of Burke Mountain.
The Chamber of Commerce’s mission statement is as follows: “The object of the Burke Area Chamber of Commerce, Inc. shall be to promote the economic, civic and social welfare of the people of Burke and vicinity. The Burke Area Chamber of Commerce, Inc. is organized to advance the general welfare and prosperity of the Burke area so that its citizens and all areas of its economic community shall prosper. Promotion shall be provided and particular attention and emphasis shall be given to the interests of the area.” Read more about the Chamber’s mission and membership benefits.
The Northeast Kingdom Travel and Tourism Association (NEKTTA) has, since 1991, administered a regional marketing program for the Northeast Kingdom. According NEKTTA, “the organization provides marketing education, service, support and representation for 9 area Chambers of Commerce and over 150 area businesses. NEKTTA strives to showcase Vermont’s Northeast Kingdom as a destination of choice for travelers. In doing so it is our mission to employ tourism to the benefit of our region by assisting in the development, marketing, and execution of experiential tourism products which will both honor and sustain that which we, as residents of the NEK, value most about our home. To aid us in our mission we employ the values and principles of agritourism, ecotourism and geotourism.” Read more about NEKTTA.
What Does It Mean That The Mountain Is In Receivership?
Q Burke Mountain Resort LLC, QBurke Mountain Resort, Hotel and Conference Center L.P. and related entities (together, “QBurke”) controlled by Florida resident Ariel Quiros Sr. owned the Mountain and the Hotel. QBurke, Mr. Quiros and others are the defendants in a pending civil lawsuit filed by the the U.S. Securities and Exchange Commission (the “SEC”) on April 12, 2016. The SEC asked the U.S. District Court for the Southern District of Florida (because at least some of the QBurke entities are organized under Florida law and Mr. Quiros is a resident of Florida) to appoint a receiver to manage Burke Mountain and the other QBurke businesses while the lawsuit is pending. The Receiver, in turn, appointed Leisure Hotels and Resorts (hyperlink http://www.leisurehotel.com/services/distressed-asset-management/), a company with experience in helping resorts emerge from receiverships and bankruptcies, to operate the Resort. The Receiver and Management Company are working to keep the Mountain open and to open the Hotel and maintain them as viable going concerns in the short term. In the long term, the Receiver will work to sell the Resort to a new owner. In laying the groundwork for this transfer, the Receiver is completing an accounting of funds, working with EB-5 investors whose money was invested in the Hotel, the Burke Community, state, federal, and local officials, Burke Mountain Academy, the Burke Area Chamber of Commerce, Kingdom Trails, Friends of Burke Mountain, and many key stakeholders to devise a plan to sell Burke Mountain and the Hotel so that the money can be used to repay EB-5 investors and to restore jobs and economic opportunity to the Burke Area and the Northeast Kingdom. For more information on the receivership, please visit the Receiver’s website.
How Did The Receiver Get Appointed, What Are His Powers, And What Is His Background?
The Receiver in this case is Michael Goldberg. He is a partner at Akerman, LLP, a large national law firm. The Court, upon the recommendation of the SEC, appointed Mr. Goldberg to act as the Receiver for the QBurke projects while the litigation is pending. As the Receiver, Mr. Goldberg generally has the power to take control of the businesses, manage and operate them in the short term, account for funds and assets to the Court, locate other assets, assist in any investigation, and eventually sell the assets and businesses so that investors can be repaid. Michael Goldberg has 20 years of experience working as a court-appointed receiver and is an expert in these types of cases.
What’s The Difference Between The Receiver And The Management Company?
The Receiver, Michael Goldberg, is the Court appointed official who is in charge of managing the QBurke assets, including the Mountain and Hotel. The Management Company works for the Receiver to operate and manage Burke Mountain and Jay Peak Resort. Leisure Hotels and Resorts CEO Steve Olson has been very active in working with the community, local, state, and federal officials, current and former employees of the Mountain and Hotel, Burke Mountain Academy, Kingdom Trails, Friends of Burke Mountain, Inc. and many key stakeholders.
What Led To The Appointment Of The Receiver?
On April 12, 2016, the SEC filed a civil lawsuit against Mr. Quiros, other individuals, Q Burke, and many other entities controlled by Mr. Quiros alleging multiple counts of securities fraud, mismanagement of funds, and other allegations stemming from the use of EB-5 investment money to develop several projects in the Northeast Kingdom. In its complaint, the SEC alleged that Quiros and others diverted $50 million of a total of $350 million raised for Northeast Kingdom projects and misused another $200 million. Read the SEC’s press release describing the complaint. Due to the amount of money in dispute, and the risk of assets being transferred, the SEC filed its Complaint as well as a Petition for the Court to Appoint a Receiver “under seal”, or in secret. On April 13, 2016, the Receiver and his appointed Management Company took over operations of Burke Mountain and Jay Peak.