Vail Health Services Foundation
- Assets
- $59.8m
- Revenue
- $29.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Vail, CO
- Founding
- 09/1988
- Data as of
- 10/2023
- EIN
- 74-2505662
Organization Overview
Vail Health Services Foundation, operating under the name Vail Health Foundation, is located in Vail, CO. The organization was established in 1988. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vail Health Foundation 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 10/2023, Vail Health Foundation generated $29.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $31.2m during the year ending 10/2023. While expenses have increased by 31.0% per year over the past 8 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.
Since 2017, Vail Health Foundation has awarded 27 individual grants totaling $62,487,102. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PROMOTION OF FUNDRAISING ACTIVITIES TO BUILD AND SUSTAIN EXCELLENCE IN HEALTHCARE AND RELATED ACTIVITIES AT VAIL CLINIC, INC., DBA VAIL HEALTH HOSPITAL AND RELATED ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VAIL HEALTH PROGRAMS - THE FOUNDATION, THROUGH ITS FUNDRAISING CAMPAIGNS, HAS RAISED FUNDS TO SUPPORT PROGRAMS OF ITS RELATED CORPORATION, VAIL HEALTH HOSPITAL, A 501(C)(3) ORGANIZATION, AND COLORADO MOUNTAIN MEDICAL, A DISREGARDED ENTITY OF VAIL HEALTH HOSPITAL. THE HOSPITAL PROVIDES COMMUNITY BENEFIT TO THE VAIL VALLEY AND SURROUNDING AREAS. FOR THE OPERATING YEAR ENDED OCTOBER 31, 2023 THE FOUNDATION CONTRIBUTED $17M TOWARDS HOSPITAL CAPITAL EQUIPMENT AND $2.5M TOWARD HOSPITAL HEALTH CARE PROGRAMS.
EAGLE VALLEY BEHAVIORAL HEALTH PROGRAMS - THE FOUNDATION, THROUGH ITS FUNDRAISING CAMPAIGNS, HAS RAISED FUNDS TO SUPPORT PROGRAMS OF ITS RELATED CORPORATION, EAGLE VALLEY BEHAVIORAL HEALTH, A 501(C)(3) ORGANIZATION. THIS ENTITY WAS ESTABLISHED TO LEAD THE COMMUNITY COLLABORATION ENSURING ACCESS TO SUPERIOR BEHAVIORAL HEALTH SERVICES FOR EAGLE COUNTY. FOR THE OPERATING YEAR ENDED OCTOBER 31, 2023 THE FOUNDATION CONTRIBUTED $1M TOWARDS CAPITAL EQUIPMENT AND $3.8M TOWARD BEHAVIORAL HEALTH PROGRAMS.
FISCAL AGENCY ACTIVITY - THE FOUNDATION WORKS WITH PARTNER ORGANIZATIONS THAT SHARE A SIMILAR MISSION OF SUPPORTING OVERALL HEALTH CARE IN EAGLE COUNTY AND THE SURROUNDING REGION. THIS INCLUDES THE FOUNDATION ACTING IN THE CAPACITY OF A FISCAL AGENT TO FACILITATE FUNDRAISING EFFORTS FOR CERTAIN ORGANIZATIONS THAT LACK INTERNAL STAFFING AND SYSTEMS TO RECEIVE AND PROCESS DONATIONS AND EVENT PROCEEDS. THESE PARTNER ORGANIZATIONS INCLUDE STEADMAN PHILIPPON RESEARCH INSTITUTE WHERE THE FOUNDATION MANAGES AN ENDOWMENT OWNED AND DIRECTED TO SPRI, AS WELL AS VARIOUS BEHAVIORAL HEALTH FOCUSED PARTNER ORGANIZATIONS. FUNDS RECEIVED ON BEHALF OF THESE PARTNER ORGANIZATIONS ARE PASSED TO THE PARTNER ORGANIZATION AND ARE NOT RECOGNIZED AS FOUNDATION REVENUE ON THE FOUNDATION'S AUDITED FINANCIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Cook Director, CEO Vh | Trustee | 1 | $0 |
Daniel Pennington Director, President Vhf | OfficerTrustee | 40 | $0 |
Mary Randall Director, Chair | OfficerTrustee | 1 | $0 |
Art Kelton Director, Past Chair | Trustee | 1 | $0 |
Amanda Precourt Director | Trustee | 1 | $0 |
Barbara Wenninger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,454,971 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,394,289 |
| Noncash contributions included in lines 1a–1f | $1,352,006 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,849,260 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,486 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,911,578 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,422,427 |
| Grants and other assistance to domestic individuals. | $18,245 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,055 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,170,194 |
| Advertising and promotion | $212,648 |
| Office expenses | $54,835 |
| Information technology | $69,172 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $94,606 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,732 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $31,193,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,136,674 |
| Pledges and grants receivable | $21,528,962 |
| Accounts receivable, net | $0 |
| 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 | $9,371 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $29,027,143 |
| Investments—other securities | $0 |
| Investments—program-related | $3,060,591 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,762,741 |
| Accounts payable and accrued expenses | $3,785,363 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,196,315 |
| 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 | $3,747,633 |
| Total liabilities | $8,729,311 |
| Net assets without donor restrictions | $5,916,852 |
| Net assets with donor restrictions | $45,116,578 |
| 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 | $59,762,741 |
Grants Awarded
Over the last fiscal year, Vail Health Services Foundation has awarded $24,419,931 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VAIL CLINIC INC DBA VAIL HEALTH HOSPITAL PURPOSE: CAPITAL PROJECTS AND HEALTH CARE PROGRAMS | $19,577,560 |
EAGLE VALLEY MENTAL HEALTH PURPOSE: CAPITAL PROJECTS AND BEHAVIORAL HEALTH PROGRAMS | $4,842,371 |