Vail Valley Foundation Inc
- Assets
- $23.0m
- Revenue
- $18.8m
- Investments
- $0.0
- Employees
- 203
- Location
- Avon, CO
- Founding
- 03/1982
- Data as of
- 05/2022
- EIN
- 74-2215035
Organization Overview
Vail Valley Foundation Inc is located in Avon, CO. The organization was established in 1982. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 05/2022, Vail Valley Foundation Inc employed 203 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vail Valley Foundation 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 05/2022, Vail Valley Foundation Inc generated $18.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $17.2m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Vail Valley Foundation Inc has awarded 106 individual grants totaling $11,151,373. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE IN THE VAIL VALLEY AND SHOWCASE OUR COMMUNITY TO A GLOBAL AUDIENCE THROUGH ARTS, ATHLETICS AND EDUCATION.
Describe the Organization's Program Activity:
VAIL VALLEY FOUNDATION HOLDS THE VAIL DANCE FESTIVAL EVERY YEAR. THE FESTIVAL INCLUDES SEVERAL PERFORMANCES BY INTERNATIONAL COUPLES AND ENSEMBLES FROM MAJOR INTERNATIONAL COMPANIES HELD AT THE GERALD R. FORD AMPHITHEATER. THE PERFORMANCES VARY FROM YEAR TO YEAR, BUT FREQUENTLY INCLUDE GUEST ARTISTS FROM THE AMERICAN BALLET THEATRE AND OTHER WORLD-CLASS COMPANIES. THE FESTIVAL PROVIDES EDUCATION AND ENHANCES THE APPRECIATION AND AVAILABILITY OF DANCE IN THE VAIL COMMUNITY.
VAIL VALLEY FOUNDATION HOSTS THE BIRDS OF PREY WORLD CUP INTERNATIONAL ALPINE SKI RACE ANNUALLY. THE RACE CONSISTS OF A WORLD CUP MEN'S SUPER-COMBINED, WORLD CUP MEN'S DOWNHILL, AND A WORLD CUP MEN'S SLALOM COMPETITION. THIS ATHLETIC EVENT ATTRACTS PEOPLE FROM AROUND THE WORLD HELPING TO PROMOTE THE TOWN OF VAIL AND THE QUALITY OF LIFE IN THE VAIL VALLEY AREA.
VAIL VALLEY FOUNDATION HOLDS THE GOPRO MOUNTAIN GAMES ANNUALLY. THE EVENT IS THE COUNTRY'S LARGEST CELEBRATION OF MOUNTAIN SPORT, SOUL, AND CULTURE AND OCCURS ANNUALLY DURING THE SECOND WEEKEND OF JUNE. PROFESSIONAL AND AMATEUR OUTDOOR ADVENTURE ATHLETES FROM AROUND THE WORLD CONVERGE UPON THE MOUNTAINS AND RIVERS OF VAIL TO COMPETE IN EIGHT SPORTS AND TWENTY-ONE DISCIPLINES. IN ADDITION TO THE ATHLETIC EVENTS, THE MOUNTAIN GAMES INCLUDE A MOUNTAIN PHOTOGRAPHY COMPETITION, INTERACTIVE EXHIBITION AND DEMO AREA, LIVE MUSIC, AND MOUNTAIN LIFESTYLE PARTIES.
VAIL VALLEY FOUNDATION HOSTS AND SPONSORS A VARIETY OF OTHER EVENTS IN THE VAIL VALLEY AREA INCLUDING HOT SUMMER NIGHTS, SHOW DOWN TOWN, AND WHISTLE PIG VAIL. THE EVENTS HELP TO SUPPORT A VARIETY OF EDUCATIONAL PROGRAMS, OTHER NONPROFIT ORGANIZATIONS, STRENGTHENING FAMILIES WITHIN THE COMMUNITY, AND KEEPING THE COMMUNITY VITAL AND EXCITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Imhof President/chief Executive Officer | OfficerTrustee | 40 | $358,510 |
Sarah Johnson SVP Philanthropy | Officer | 40 | $258,357 |
Robert J Ford Chief Financial Officer | Officer | 40 | $240,954 |
Sarah Franke VP Marketing & Operations | Officer | 40 | $218,018 |
Dave Dressman VP Sales & Grfa | Officer | 40 | $188,961 |
Brian Muller It Director | 40 | $159,757 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Q-bird Productions Inc Artistic Director Fee | 5/30/20 | $374,053 |
Mountainside Production Services Inc Av Contractor | 5/30/20 | $152,546 |
Q-bird Productions Inc Artistic Director Fee | 5/30/20 | $374,053 |
Mountainside Production Services Inc Av Contractor | 5/30/20 | $152,546 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,180,453 |
| Related organizations | $0 |
| Government grants | $2,957,881 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,217,902 |
| Noncash contributions included in lines 1a–1f | $1,387,673 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,356,236 |
| Total Program Service Revenue | $7,306,507 |
| Investment income | $129,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,874 |
| Net Income from Fundraising Events | -$52,907 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,789,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,594,609 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,483,639 |
| Compensation of current officers, directors, key employees. | $272,484 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,834,509 |
| Pension plan accruals and contributions | $63,859 |
| Other employee benefits | $390,003 |
| Payroll taxes | $267,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120,561 |
| Fees for services: Accounting | $134,948 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,646 |
| Fees for services: Other | $148,932 |
| Advertising and promotion | $852,191 |
| Office expenses | $766,919 |
| Information technology | $190,829 |
| Royalties | $0 |
| Occupancy | $809,315 |
| Travel | $247,294 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $74,922 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,007,006 |
| Insurance | $163,203 |
| All other expenses | $1,358,291 |
| Total functional expenses | $17,159,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,468,110 |
| Pledges and grants receivable | $313,221 |
| Accounts receivable, net | $220,372 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $739,806 |
| Net Land, buildings, and equipment | $10,991,874 |
| Investments—publicly traded securities | $6,924,319 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $361,918 |
| Other assets | $973,617 |
| Total assets | $22,993,237 |
| Accounts payable and accrued expenses | $1,618,763 |
| Grants payable | $0 |
| Deferred revenue | $2,950,055 |
| Tax-exempt bond liabilities | $2,959,226 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,485 |
| Total liabilities | $7,678,529 |
| Net assets without donor restrictions | $8,262,883 |
| Net assets with donor restrictions | $7,051,825 |
| 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 | $22,993,237 |
Grants Awarded
Over the last fiscal year, Vail Valley Foundation Inc has awarded $2,569,420 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Avon, CO PURPOSE: GENERAL SUPPORT | $1,527,303 |
Avon, CO PURPOSE: GENERAL SUPPORT | $587,021 |
Vail, CO PURPOSE: GENERAL SUPPORT | $72,500 |
Avon, CO PURPOSE: GENERAL SUPPORT | $72,500 |
Gypsum, CO PURPOSE: GENERAL SUPPORT | $35,392 |
Vail, CO PURPOSE: GENERAL SUPPORT | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Vail Valley Foundation Inc has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Barbara A Allen Charitable Foundation Edwards, CO PURPOSE: COMMUNITY SERVICE | $10,000 |
Gsb Family Foundation Inc Vero Beach, FL PURPOSE: CHARITABLE PURPOSES | $2,500 |
Endowment Analysis
| Beg. Balance | $1,659,514 |
| Earnings | -$50,019 |
| Admin Expense | $9,401 |
| Net Contributions | $200,000 |
| Other Expense | $55,000 |
| Ending Balance | $1,745,094 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Meat Export Federation Inc Denver, CO | $20,783,822 | $49,870,327 |
Mgma-Acmpe Englewood, CO | $54,755,762 | $36,087,217 |
Mountain States Employers Council Inc Denver, CO | $41,916,661 | $36,504,782 |
Vail Valley Foundation Inc Avon, CO | $22,993,237 | $18,789,291 |
Scrum Alliance Inc Westminster, CO | $46,979,666 | $21,000,085 |
Investment Management Consultants Assn Inc Greenwood Village, CO | $30,192,603 | $13,414,601 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
International Association Of Certified Home Inspectors Boulder, CO | $7,671,295 | $15,005,233 |
International Association For The Study Of Lung Cancer Denver, CO | $23,299,078 | $13,685,313 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Nutech Ventures Lincoln, NE | $5,844,401 | $7,636,320 |
Financial Planning Association Denver, CO | $6,740,399 | $8,225,248 |