Vail Mountain School
- Assets
- $56.7m
- Revenue
- $18.0m
- Investments
- $342.7k
- Employees
- 127
- Location
- Vail, CO
- Founding
- 12/1970
- Data as of
- 06/2021
- EIN
- 84-0533775
Organization Overview
Vail Mountain School is located in Vail, CO. The organization was established in 1970. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Vail Mountain School employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vail Mountain School 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 06/2021, Vail Mountain School generated $18.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $16.2m during the year ending 06/2021. While expenses have increased by 5.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PREPARE STUDENTS INTELLECTUALLY, EMOTIONALLY, AND ETHICALLY TO THRIVE IN A COLLEGIATE SETTING
Describe the Organization's Program Activity:
Part 3 - Line 4a
VAIL MOUNTAIN SCHOOL PROVIDES A SOUND ACADEMIC EDUCATION IN A DYNAMIC EDUCATIONAL ENVIRONMENT TO 400+ STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE. THE SCHOOL ALSO PROVIDES OPPORTUNITIES FOR PERSONAL EXPLORATION AND INTERPERSONAL GROWTH THROUGH ITS MANY CO-CURRICULAR PROGRAMS
SUMMERQUEST IS A SUMMER ACADEMIC PROGRAM FOR PUBLIC SCHOOL STUDENTS IN EAGLE COUNTY WITH GREAT POTENTIAL, BUT WHO ARE IN NEED OF ADDITIONAL SUPPORT AND POSITIVE ROLE MODELS. NOT ONLY IS IT A WAY FOR VMS TO GIVE BACK TO THE LOCAL COMMUNITY, THE PROGRAM ALSO SERVES TO MENTOR COLLEGE AND HIGH SCHOOL STUDENTS WHO ARE ASPIRING EDUCATORS. EACH JULY, MIDDLE SCHOOL STUDENTS STUDY MATH, READING, SPELLING, WRITING, AND PUBLIC SPEAKING, WHILE ALSO PLAYING GAMES, ATTENDING CULTURAL EVENTS, AND BONDING. STUDENTS ARE NOMINATED BY TEACHERS IN THE PUBLIC SCHOOLS AND TYPICALLY ENTER THE PROGRAM IN SIXTH GRADE AND STAY THROUGH THE END OF THE SESSION FOLLOWING THEIR EIGHTH GRADE YEAR. THE GOAL IS TO INSPIRE A POSITIVE OUTLOOK FOR THE STUDENTS AND EQUIP THEM WITH THE ACADEMIC SKILLS AND CONFIDENCE TO SUCCEED IN HIGH SCHOOL AND COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Imperi Head Of School | Officer | 40 | $321,523 |
Kelly Young CFO | 40 | $143,132 | |
Mary Pavlik Director Of Upper School | 40 | $118,375 | |
Colleen Davis Director Of Advancement | 40 | $117,229 | |
Dean Chambers Director Of It | 40 | $114,285 | |
Kristin Tang Chair Person | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $615,772 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,224,888 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,840,660 |
| Total Program Service Revenue | $14,957,982 |
| Investment income | $1,017,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $83,265 |
| Net Gain/Loss on Asset Sales | $134,861 |
| Net Income from Fundraising Events | -$49,984 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,984,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,633,796 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $992,710 |
| Compensation of current officers, directors, key employees. | $411,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,122,966 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,579,780 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,425 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,365 |
| Fees for services: Other | $0 |
| Advertising and promotion | $134,646 |
| Office expenses | $71,755 |
| Information technology | $93,933 |
| Royalties | $0 |
| Occupancy | $540,488 |
| Travel | $12,960 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,957 |
| Interest | $932,533 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,096,609 |
| Insurance | $185,088 |
| All other expenses | $0 |
| Total functional expenses | $16,206,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,259 |
| Savings and temporary cash investments | $6,554,602 |
| Pledges and grants receivable | $565,663 |
| Accounts receivable, net | $4,279,843 |
| 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 | $117,834 |
| Net Land, buildings, and equipment | $19,575,892 |
| Investments—publicly traded securities | $24,730,681 |
| Investments—other securities | $342,686 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,218 |
| Total assets | $56,713,678 |
| Accounts payable and accrued expenses | $984,146 |
| Grants payable | $0 |
| Deferred revenue | $10,993,646 |
| Tax-exempt bond liabilities | $18,647,721 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $760,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $100,218 |
| Total liabilities | $31,485,731 |
| Net assets without donor restrictions | $17,822,694 |
| Net assets with donor restrictions | $7,405,253 |
| 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 | $56,713,678 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Vail Mountain School has recieved totaling $811,606.
| Awarding Organization | Amount |
|---|---|
Tang Fund New York, NY PURPOSE: CHARITABLE | $500,000 |
Keane Fam Foundation 092493 Needham, MA PURPOSE: CHARITABLE CONTRIBUTION UNRESTRICTED | $70,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $36,000 |
Vail Valley Foundation Inc Avon, CO PURPOSE: GENERAL SUPPORT | $33,500 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $30,000 |
Borgen Family Foundation Denver, CO PURPOSE: CHARITY | $26,500 |
Endowment Analysis
| Beg. Balance | $16,469,515 |
| Earnings | $3,436,256 |
| Net Contributions | $831,970 |
| Other Expense | $540,000 |
| Ending Balance | $20,197,741 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Academy Denver, CO | $114,741,916 | $44,259,013 |
Paragon Management Surprise, AZ | $64,904,410 | $28,676,995 |
Waterford School Holding Corporation Sandy, UT | $35,882,761 | $26,122,549 |
Phoenix Country Day School Paradise Valley, AZ | $77,907,724 | $28,726,427 |
American Heritage Schools Inc American Fork, UT | $76,345,416 | $17,728,637 |
Vail Mountain School Vail, CO | $56,713,678 | $17,984,280 |
Harvest Power Community Development Group Inc Yuma, AZ | $16,728,343 | $18,038,703 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
St Annes Episcopal School Inc Denver, CO | $46,260,720 | $15,462,450 |
Highline Academy Incorporation Denver, CO | $14,864,642 | $15,484,851 |
Legacy Traditional School-Phoenix Chandler, AZ | $39,660,573 | $11,666,395 |
Cibecue Community Education Board Inc Cibecue, AZ | $19,497,767 | $20,057,835 |