Vail Religious Foundation
- Assets
- $6.8m
- Revenue
- $2.4m
- Investments
- $221.9k
- Employees
- 3
- Location
- Vail, CO
- Founding
- 01/1966
- Data as of
- 12/2022
- EIN
- 84-6042788
Organization Overview
Vail Religious Foundation is located in Vail, CO. The organization was established in 1966. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2022, Vail Religious Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vail Religious 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 12/2022, Vail Religious Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 41.5% each year . All expenses for the organization totaled $504.3k during the year ending 12/2022. While expenses have increased by 11.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF CHURCHES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES OFFICE SPACE AND A PLACE OF WORSHIP FOR SEVERAL RELIGIOUS DENOMINATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Wilkins Facilities Reserve Fund Chair | Trustee | 0 | $0 |
Ethan Moore Voting Member | Trustee | 0 | $0 |
Greg Osteen Voting Member | Trustee | 0 | $0 |
Kathy Fagan Administrator | Trustee | 1 | $71,143 |
Rabbi Joel Newman Voting Member | Trustee | 0 | $0 |
Joel W Barndt Voting Member | Trustee | 0 | $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 | $2,336,381 |
| Noncash contributions included in lines 1a–1f | $440,124 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,336,381 |
| Total Program Service Revenue | $135,019 |
| Investment income | $6,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,705 |
| Net Income from Fundraising Events | -$10,600 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,437,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,793 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,956 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $121,975 |
| Fees for services: Investment Management | $2,499 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,324 |
| Office expenses | $1,591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,946 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $605 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,420 |
| Insurance | $9,774 |
| All other expenses | $10,061 |
| Total functional expenses | $504,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,716 |
| Savings and temporary cash investments | $462,269 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,239 |
| 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 | $1,290 |
| Net Land, buildings, and equipment | $6,039,155 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $221,928 |
| Investments—program-related | $0 |
| Intangible assets | $19,054 |
| Other assets | $0 |
| Total assets | $6,753,651 |
| Accounts payable and accrued expenses | $853,962 |
| 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 | $197,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,531 |
| Total liabilities | $1,055,493 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,698,158 |
| 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 | $6,753,651 |