Vail Valley Cares Inc
- Assets
- $4.0m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 40
- Location
- Edwards, CO
- Founding
- 03/2008
- Data as of
- 12/2020
- EIN
- 26-1627166
Organization Overview
Vail Valley Cares Inc is located in Edwards, CO. The organization was established in 2008. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2021, Vail Valley Cares Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vail Valley Cares 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 12/2020, Vail Valley Cares Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $3.8m during the year ending 12/2020. While expenses have increased by 11.0% 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.
Since 2018, Vail Valley Cares Inc has awarded 74 individual grants totaling $790,600. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
VAIL VALLEY CARES IS AN ECUMENICAL CHRISTIAN ORGANIZATION DEDICATED TO SHARING THE LOVE OF GOD BY HELPING MEET THE LOCAL COMMUNITYS NEEDS. THE ORGANIZATION OWNS AND OPERATES TWO THRIFT STORES IN EAGLE COUNTY, COLORADO. ALL GOODS ARE DONATED AND RE-SOLD TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS AND OPERATES TWO LOCAL THRIFT STORES IN EAGLE COUNTY, COLORADO. IN 2021 THE ORGANIZATION DISTRIBUTED OVER $371,000 TO LOCAL NON-PROFIT ORGANIZATIONS IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Osteen Executive Director | Officer | 40 | $122,598 |
Karen Nulle Vice President | OfficerTrustee | 1 | $0 |
Ethan Moore Board President | OfficerTrustee | 1 | $0 |
Anne Breckheimer Board Treasurer | OfficerTrustee | 1 | $0 |
Terry Smith Board Secretary | OfficerTrustee | 1 | $0 |
Patty Cuny Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,880,034 |
| Investment income | $619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$57,190 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,753,850 |
| Statement of Expenses | |
|---|---|
| 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. | $125,919 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $921,731 |
| Pension plan accruals and contributions | $21,301 |
| Other employee benefits | $112,683 |
| Payroll taxes | $128,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,021 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $62,216 |
| Office expenses | $1,487 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,584 |
| 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 | $61,600 |
| Insurance | $14,229 |
| All other expenses | $0 |
| Total functional expenses | $3,781,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,125 |
| Savings and temporary cash investments | $831,772 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $200,000 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,394 |
| Other assets | $1,940 |
| Total assets | $3,973,147 |
| Accounts payable and accrued expenses | $174,063 |
| 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 | $846,247 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $246,154 |
| Total liabilities | $1,266,464 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,706,683 |
Grants Awarded
Over the last fiscal year, Vail Valley Cares Inc has awarded $287,500 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Edwards, CO PURPOSE: Direct aid grants | $30,000 |
Basalt, CO | | $25,500 |
Avon, CO PURPOSE: Abuse support | $25,000 |
Edwards, CO PURPOSE: Client Assistance Fund | $25,000 |
Rch Palos Vrd, CA PURPOSE: Santa Store | $16,500 |
Dillon, CO PURPOSE: Advocates for children in the court syst | $16,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vail Valley Cares Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: FOR GRANT RECIPIENT'S EXEMPT PURPOSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tabithas Way Spanish Fork, UT | $2,745,428 | $6,667,027 |
Sunshine Acres Boutique & Donation Center Inc Mesa, AZ | $1,532,398 | $4,929,389 |
Vail Valley Cares Inc Edwards, CO | $3,973,147 | $3,753,850 |
Big Brothers Big Sisters Of Central New Mexico Donation Center Inc Albuquerque, NM | $1,509,034 | $2,745,299 |
St Vincent De Paul Society Archdiocese Of Santa Fe Albuquerque, NM | $3,073,057 | $2,711,776 |
Golden Goose Thrift Shop Tucson, AZ | $3,626,680 | $2,329,296 |
Desert Thrift Shop Inc Mesa, AZ | $1,710,826 | $1,738,589 |
Adelante Thrift Inc Kansas City, KS | $255,188 | $1,547,974 |
Park Avenue Thrift Inc Enid, OK | $1,268,783 | $1,759,306 |
West Valley Lutheran Thrift Shop Inc Phoenix, AZ | $726,380 | $920,987 |
Et Cetera Shop Inc Weatherford, OK | $754,713 | $935,275 |
Cornerstone Mission Project Kingman, AZ | $767,107 | $1,015,315 |