Green Mountain Valley School Inc
- Assets
- $25.0m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 77
- Location
- Waitsfield, VT
- Founding
- 11/1975
- Data as of
- 06/2021
- EIN
- 03-0235167
Organization Overview
Green Mountain Valley School Inc is located in Waitsfield, VT. The organization was established in 1975. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Green Mountain Valley School Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Green Mountain Valley School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Green Mountain Valley School Inc generated $8.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $8.9m during the year ending 06/2021. While expenses have increased by 4.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACADEMIC & SKI SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE EDUCATIONAL INSTITUTION FOR COLLEGE PREPARATION WITH AN EMPHASIS ON PRODUCING NATIONAL CLASS SKI RACERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Keller Headmaster | Officer | 40 | $217,882 |
Barbara Frascella Business Mgr | Officer | 40 | $61,614 |
James Preston Chair | OfficerTrustee | 1 | $0 |
Ed Vilandrie Treasurer | OfficerTrustee | 1 | $0 |
Eve Waterfall Secretary | OfficerTrustee | 1 | $0 |
Mike Krupka Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $962,865 |
| Noncash contributions included in lines 1a–1f | $133,094 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $962,865 |
| Total Program Service Revenue | $6,743,106 |
| Investment income | $84,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,500 |
| Net Gain/Loss on Asset Sales | $295,531 |
| Net Income from Fundraising Events | $150,499 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,668 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,271,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,411,990 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $262,004 |
| Compensation of current officers, directors, key employees. | $67,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,074,677 |
| Pension plan accruals and contributions | $112,060 |
| Other employee benefits | $452,204 |
| Payroll taxes | $239,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,392 |
| Fees for services: Accounting | $31,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,231 |
| Fees for services: Other | $43,719 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $131,053 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $605,371 |
| Insurance | $252,199 |
| All other expenses | $750,856 |
| Total functional expenses | $8,896,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,213 |
| Savings and temporary cash investments | $5,707,719 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $117,017 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,018 |
| Prepaid expenses and deferred charges | $252,394 |
| Net Land, buildings, and equipment | $14,740,111 |
| Investments—publicly traded securities | $3,769,824 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,699 |
| Total assets | $25,000,995 |
| Accounts payable and accrued expenses | $640,287 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $76,174 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,305,940 |
| Total liabilities | $4,022,401 |
| Net assets without donor restrictions | $15,811,102 |
| Net assets with donor restrictions | $5,167,492 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,000,995 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Green Mountain Valley School Inc has recieved totaling $117,948.
| Awarding Organization | Amount |
|---|---|
Halvorsen Family Foundation Greenwich, CT PURPOSE: EDUCATIONAL SUPPORT | $55,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $30,100 |
Forrest C And Frances H Lattner Foundation Inc Shelburne, VT PURPOSE: ANNUAL FUND | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,968 |
Seelert Foundation Inc New Canaan, CT PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
Brumm-Patel Charitable Trust New York, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
Endowment Analysis
| Beg. Balance | $2,455,592 |
| Earnings | $716,875 |
| Admin Expense | $10,454 |
| Net Contributions | $54,737 |
| Other Expense | $100,000 |
| Ending Balance | $3,116,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Catholic High School Inc Lawrence, MA | $53,774,234 | $20,404,394 |
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Bancroft School Worcester, MA | $41,590,208 | $15,668,076 |
Derryfield School Manchester, NH | $44,949,554 | $20,323,202 |
Miss Halls School Inc Pittsfield, MA | $50,566,747 | $21,121,476 |
Tilton School Tilton, NH | $51,782,047 | $28,426,192 |
Putney School Inc Putney, VT | $65,148,933 | $24,861,480 |
Keio Academy Of New York Purchase, NY | $60,256,729 | $12,685,966 |
Chapel Hill-Chauncy Hall School Waltham, MA | $22,980,670 | $15,324,002 |
North Shore Hebrew Academy High School Great Neck, NY | $49,436,731 | $14,949,978 |
Coe-Brown Northwood Academy Northwood, NH | $14,207,279 | $13,826,653 |
Dublin School Inc Dublin, NH | $31,365,781 | $17,498,470 |