Teton Valley Foundation Inc

Organization Overview

Teton Valley Foundation Inc is located in Victor, ID. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2023, Teton Valley Foundation Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teton 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 09/2023, Teton Valley Foundation Inc generated $757.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $883.5k during the year ending 09/2023. While expenses have increased by 7.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO MAKE THE GOOD LIFE IN TETON VALLEY EVEN BETTER FOR RESIDENTS AND VISITORS ALIKE THROUGH RECREATIONAL AND CULTURAL PROGRAMS THAT CREATE COMMUNITY CONNECTIONS AND ENHANCE THE LOCAL ECONOMY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MUSIC ON MAIN: MUSIC ON MAIN IS THE TETON REGION'S FIRST FREE SUMMER CONCERT SERIES. IT BEGAN IN 2006 WITH JUST THREE SHOWS, BUT HAS GROWN TO EIGHT FREE CONCERTS EACH SUMMER WITH OVER 3,000 PEOPLE A WEEK IN VICTOR, IDAHO, A TOWN WITH A POPULATION OF ONLY 2,000 PEOPLE AND ONE STOPLIGHT! THE EVENT IS MADE POSSIBLE BY 25 DEDICATED SPONSORS WHO SUBSIDIZE THE CONCERT AND MORE THAN 60 VOLUNTEERS EACH WEEK. THIS FINANCIAL AND IN-KIND SUPPORT INSURES THE FOUNDATION DOES NOT HAVE TO CHARGE A FORMAL ADMISSION, ALTHOUGH CONCERT-GOERS DO GENEROUSLY DONATE AT THE DOOR TO SUPPORT OUR EFFORTS. THE CONCERTS ARE KNOWN FOR PROVIDING INCREDIBLE MUSIC AND A QUINESSENTIAL COMMUNITY VIBE. MUSIC ON MAIN IS KNOWN FOR BRINGING TOP TALENT OF DIVERSE GENRES TO TETON VALLEY. BUT MORE THAN THE MUSIC, PARTICIPANTS WOULD SAY THAT MUSIC ON MAIN IS SPECIAL BECAUSE IT HAS BECOME BOTH A GATHERING PLACE FOR COMMUNITY MEMBERS TO CONNECT, AND A CORNERSTONE SUMMER EVENT THAT ENTICES VISITORS TO DISCOVER THE BEST OF WHO WE ARE AND WHAT WE HAVE TO OFFER IN TETON VALLEY. DUE TO THE COVID-19 PANDEMIC, TVF WAS FORCED TO CANCEL THE ENTIRE 8-WEEK MUSIC ON MAIN CONCERT SERIES IN THE SUMMER OF 2020. IN RESPONSE, WE CREATED A SOCIALLY-DISTANCED EVENT CALLED MUSIC ON MAINSTREAM, A DRIVE-IN MOVIE/CONCERT EVENT HELD AT THE SPUD DRIVE-IN IN DRIGGS, ID. THANKS TO THE GENEROSITY OF OUR SPONSORS, SUPPORTERS, AND COMMUNITY, WE WERE ABLE TO RECOUP MOST OF THE LOST REVENUE IN THIS ONE NIGHT EVENT, GIVING US THE FINANCIAL STABILITY NEEDED TO CARRY US INTO THE UNCERTAINTY OF THE WINTER AHEAD.


KOTLER ICE ARENA: PASSIONATE VALLEY RESIDENTS DREAMED OF BUILDING THE KOTLER ICE ARENA AS AN ACCESSIBLE PLACE FOR THE COMMUNITY TO SKATE AND RECREATE DURING OUR LONG, COLD WINTERS. A PLACE WHERE KIDS, FAMILIES, AND ADULTS COULD ENJOY WINTER, ENGAGE IN PHYSICAL ACTIVITY, AND GATHER WITH NEIGHBORS AND FRIENDS IN A PROTECTED ENVIRONMENT. TETON VALLEY FOUNDATION RAISED $500,000 IN ITS FIRST DECADE TO CREATE A COVERED, FULL LENGTH, OPEN-AIR ICE RINK IN VICTOR, IDAHO THAT BOASTED A WARMING HUT, A ZAMBONI, TWO LOCKER ROOMS, AND A VIEW OF THE TETONS WHILE YOU SKATE! IN 2015 AND 2016 THE FOUNDATION RAISED AN ADDITIONAL $500,000 THANKS TO A COLOSSAL COMMUNITY EFFORT WITH OVER 250 DONORS AND OVER 5,000 VOLUNTEER HOURS IN ORDER TO INSTALL A COOLING SYSTEM. THIS WILL RESULT IN EXPANDING OUR HISTORICAL ICE SEASON FROM 2 MONTHS TO 5+ MONTHS A YEAR. THE ICE RINK SERVES OVER 1,400 USERS A WEEK, OR MORE THAN 10% OF TETON VALLEY'S POPULATION, AND OFFERS THE FOLLOWING PROGRAMS: YOUTH HOCKEY, A COED HOCKEY LEAGUE, LEARN TO SKATE, WOMEN'S HOCKEY, COMMUNITY PUBLIC SKATING, LEARN TO PLAY, AND SUBSIDIZED SKATING PROGRAMS FOR OVER 500 AREA KIDS THROUGH A PARTNERSHIP WITH LOCAL SCHOOLS. 30% OF SCHOOL PARTICIPANTS COME FROM LOW-INCOME OR UNDER- SERVED POPULATIONS. THERE ARE COUNTLESS EXAMPLES OR HOW AFFORDABLE WINTER RECREATION OPTIONS AT THE ICE RINK IMPACT THE COMMUNITY. JUST TO NAME A FEW - TEENAGERS HAVE A SAFE SPACE TO HANG OUT ON A FRIDAY NIGHT; OUR YOUTH HOCKEY PARTICIPANTS LEARN NEW SKILLS AND TEAMWORK; FAMILIES FROM OUR GROWING LATINO COMMUNITY EXPERIENCE ICE FOR THE FIRST TIME DURING COMMUNITY SKATING SESSIONS; AND NEIGHBORS AND FRIENDS BUILD CAMARADERIE THROUGH FRIENDLY COMPETITION. IN 2022, THE FOUNDATION EXPANDED ITS EXISTING HOCKEY LEAGUE TOURNAMENTS, AND ADDED CURLING AND FIGURE SKATING PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Amy Fradley
Executive Director
$67,656
John Rockefeller
Executive Director
$0
Alex Seddon
Board Chair
$0
Julie Stomper
Secretary
$0
Mara Brannon
Treasurer
$0
Kurt Grimmelmann
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$54,742
Membership dues$0
Fundraising events$11,026
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$226,314
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$292,082
Total Program Service Revenue$445,259
Investment income $404
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$47
Net Income from Fundraising Events $3,501
Net Income from Gaming Activities $16,532
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $757,731

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