Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,412,590

• 1e · Government grants (contributions)

  $403,727

• 1f · All other contributions, gifts and grants

  $7,179,029

• 1g · Noncash contributions included above

  $1,505,130

• 2a · Program service revenue: GOPRO MOUNTAIN GAMES

  total $2,889,613 · related or exempt $2,889,613

• 2b · Program service revenue: BIRDS OF PREY

  total $2,494,009 · related or exempt $2,494,009

• 2c · Program service revenue: OTHER ATHLETICS, ARTS, & EDUCATIO

  total $2,184,320 · related or exempt $2,184,320

• 2d · Program service revenue: VAIL DANCE FESTIVAL

  total $1,166,103 · related or exempt $1,166,103

• 3 · Investment income

  total $217,444 · unrelated business $673 · excluded $216,771

• 7a · Gross sales of assets other than inventory

  securities $402,635 · other assets $3,000

• 7b · Less cost or other basis and sales expenses

  securities $189,131 · other assets $0

• 7c · Gain or loss

  securities $213,504 · other assets $3,000

• 7d · Net gain or loss

  total $216,504 · excluded $216,504

• 8a · Fundraising events: gross income

  $74,175

• 8a · Fundraising events: contributions included on line 1c

  $1,412,590

• 8b · Fundraising events: direct expenses

  $265,399

• 8c · Net income from fundraising events

  total -$191,224 · excluded -$191,224

• 10a · Gross sales of inventory

  $371,982

• 10b · Cost of goods sold

  $5,188

• 10c · Net income from sales of inventory

  total $366,794 · related or exempt $366,794

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,359,567 · program services $3,359,567

• 5 · Compensation of officers, directors and key employees

  total $1,400,530 · program services $833,337 · management and general $567,193

• 7 · Other salaries and wages

  total $2,470,503 · program services $1,042,745 · management and general $408,998 · fundraising $1,018,760

• 8 · Pension plan contributions

  total $103,914 · program services $38,826 · management and general $27,353 · fundraising $37,735

• 9 · Other employee benefits

  total $438,823 · program services $157,687 · management and general $114,621 · fundraising $166,515

• 10 · Payroll taxes

  total $313,989 · program services $127,844 · management and general $103,698 · fundraising $82,447

• 11b · Fees: legal

  total $88,154 · program services $11,460 · management and general $76,694

• 11c · Fees: accounting

  total $38,089 · management and general $38,089

• 11f · Fees: investment management

  total $35,725 · management and general $35,725

• 11g · Fees: other

  total $42,020 · management and general $9,744 · fundraising $32,276

• 12 · Advertising and promotion

  total $862,697 · program services $686,490 · management and general $81,938 · fundraising $94,269

• 13 · Office expenses

  total $810,632 · program services $568,983 · management and general $73,125 · fundraising $168,524

• 14 · Information technology

  total $199,524 · program services $5,047 · management and general $194,477

• 16 · Occupancy

  total $890,612 · program services $717,197 · management and general $173,415

• 17 · Travel

  total $253,306 · program services $216,680 · management and general $13,474 · fundraising $23,152

• 20 · Interest

  total $133,530 · program services $37,612 · management and general $95,918

• 22 · Depreciation, depletion and amortization

  total $998,630 · program services $789,290 · management and general $209,340

• 23 · Insurance

  total $244,552 · program services $186,734 · management and general $57,818

• 24a · Other expenses: SITE PREPARATION

  total $1,861,071 · program services $1,857,336 · management and general $3,378 · fundraising $357

• 24b · Other expenses: PERFORMERS, TALENT & SP

  total $1,649,793 · program services $1,649,793

• 24c · Other expenses: CONCESSIONS AND SOCIAL

  total $813,034 · program services $701,448 · fundraising $111,586

• 24d · Other expenses: PRODUCTION EXPENSE

  total $762,856 · program services $738,833 · management and general $1,898 · fundraising $22,125

• 24e · All other expenses

  total $460,439 · program services $404,764 · management and general $11,603 · fundraising $44,072

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,322,094 · end of year $1,585,215

• 3 · Pledges and grants receivable

  beginning of year $854,419 · end of year $613,076

• 4 · Accounts receivable

  beginning of year $173,481 · end of year $316,858

• 9 · Prepaid expenses and deferred charges

  beginning of year $923,914 · end of year $1,287,513

• 10a · Land, buildings and equipment: cost or other basis

  $24,651,350

• 10b · Land, buildings and equipment: accumulated depreciation

  $14,266,215

• 10c · Land, buildings and equipment, net

  beginning of year $11,174,983 · end of year $10,385,135

• 11 · Investments: publicly traded securities

  beginning of year $7,423,163 · end of year $7,882,732

• 14 · Intangible assets

  beginning of year $316,678 · end of year $271,438

• 15 · Other assets

  beginning of year $902,875 · end of year $605,570

• 17 · Accounts payable and accrued expenses

  beginning of year $983,411 · end of year $1,099,468

• 19 · Deferred revenue

  beginning of year $3,445,964 · end of year $3,616,374

• 20 · Tax-exempt bond liabilities

  beginning of year $2,598,009 · end of year $2,290,382

• 23 · Secured mortgages and notes payable

  beginning of year $805,793 · end of year $0

• 25 · Other liabilities

  beginning of year $721,850 · end of year $385,358

• 27 · Net assets without donor restrictions

  beginning of year $6,786,691 · end of year $7,594,853

• 28 · Net assets with donor restrictions

  beginning of year $7,749,889 · end of year $7,961,102

The filer's explanations (Part III)

PART I, LINE 7

THE ORGANIZATION'S EXECUTIVE COMMITTEE ANNUALLY REVIEWS AND DETERMINES IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID TO EXECUTIVE STAFF AND OTHER STAFF AS IDENTIFIED BY THE COMMITTEE. BONUSES ARE APPROVED BASED ON REVIEW OF EACH INDIVIDUAL'S PERFORMANCE AND SERVICES TO THE ORGANIZATION.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• VVF EVENTS HOLDING COMPANY INC

  C · HOLDING COMPANY · CO · 100% owned · share of assets $51,159 · controlled entity

  Directly controlled by VAIL VALLEY FOUNDATION