Form 990 for tax year 2022
Filed by GREEN MOUNTAIN VALLEY SCHOOL INC.
Totals
- Total revenue
- $8,509,731
- Total expenses
- $9,747,713
- Contributions and grants received
- $796,313
- Grants paid
- $1,349,674
- Program service revenue
- $7,471,312
- Investment income
- $87,960
- Other revenue
- $154,146
- Total assets, end of year
- $22,829,307
- Total liabilities, end of year
- $4,217,075
- Net assets or fund balances, end of year
- $18,612,232
- Program services expenses (Part IX)
- $8,793,144
- Management and general expenses
- $501,688
- Fundraising expenses
- $452,881
- Program service expenses (Part III)
- $8,793,144
Program services were 90.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$796,313
-
1g · Noncash contributions included above
$84,189
-
2a · Program service revenue: APPLICATION FEES
total $9,474 · related or exempt $9,474
-
2b · Program service revenue: RACE FEES - SUGARBUSH
total $8,630 · related or exempt $8,630
-
2c · Program service revenue: SKI CLUB
total $380,202 · related or exempt $380,202
-
2d · Program service revenue: TUITION
total $7,073,006 · related or exempt $7,073,006
-
3 · Investment income
total $195,646 · excluded $195,646
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $12,239
-
6c · Rental income or loss
real property $12,239
-
6d · Net rental income or loss
total $12,239 · related or exempt $12,239
-
7a · Gross sales of assets other than inventory
other assets $27,000
-
7b · Less cost or other basis and sales expenses
securities $82,746 · other assets $51,940
-
7c · Gain or loss
securities -$82,746 · other assets -$24,940
-
7d · Net gain or loss
total -$107,686 · related or exempt -$107,686
-
8a · Fundraising events: gross income
$219,437
-
8b · Fundraising events: direct expenses
$135,576
-
8c · Net income from fundraising events
total $83,861 · excluded $83,861
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$17,139
-
10b · Cost of goods sold
$14,043
-
10c · Net income from sales of inventory
total $3,096 · excluded $3,096
-
11a · Other revenue: MISCELLANEOUS
total $54,950 · excluded $54,950
-
11e · Other revenue, total
$54,950
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $1,349,674 · program services $1,349,674
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $281,027 · program services $210,000 · management and general $71,027
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,841,277 · program services $3,368,990 · management and general $167,375 · fundraising $304,912
-
8 · Pension plan contributions
total $126,883 · program services $103,527 · management and general $17,367 · fundraising $5,989
-
9 · Other employee benefits
total $405,917 · program services $360,254 · management and general $33,304 · fundraising $12,359
-
10 · Payroll taxes
total $294,016 · program services $253,507 · management and general $17,481 · fundraising $23,028
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $6,216 · management and general $6,216
-
11c · Fees: accounting
total $32,987 · management and general $32,987
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $32,204 · management and general $32,204
-
11g · Fees: other
total $62,022 · management and general $62,022
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $155,143 · program services $153,087 · management and general $2,056
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $666,980 · program services $665,533 · management and general $1,308 · fundraising $139
-
23 · Insurance
total $174,573 · program services $151,482 · management and general $23,091
-
24a · Other expenses: STUDENT ACTIVITIES
total $679,163 · program services $679,163
-
24b · Other expenses: FOOD SERVICE
total $500,910 · program services $500,910
-
24c · Other expenses: VEHICLE EXPENSES
total $238,889 · program services $238,889
-
24d · Other expenses: SKI CLUB OTHER
total $232,367 · program services $232,367
-
24e · All other expenses
total $667,465 · program services $525,761 · management and general $35,250 · fundraising $106,454
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $381,693 · end of year $339,726
-
2 · Savings and temporary cash investments
beginning of year $2,672,539 · end of year $1,566,106
-
3 · Pledges and grants receivable
beginning of year $48,565 · end of year $15,225
-
4 · Accounts receivable
beginning of year $109,539 · end of year $90,226
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $4,018 · end of year $4,018
-
9 · Prepaid expenses and deferred charges
beginning of year $221,554 · end of year $257,965
-
10a · Land, buildings and equipment: cost or other basis
$21,771,426
-
10b · Land, buildings and equipment: accumulated depreciation
$7,586,038
-
10c · Land, buildings and equipment, net
beginning of year $14,714,708 · end of year $14,185,388
-
11 · Investments: publicly traded securities
beginning of year $6,021,410 · end of year $6,338,532
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $33,481 · end of year $32,121
-
17 · Accounts payable and accrued expenses
beginning of year $844,600 · end of year $846,209
-
23 · Secured mortgages and notes payable
beginning of year $270,911 · end of year $202,799
-
25 · Other liabilities
beginning of year $3,830,747 · end of year $3,168,067
-
27 · Net assets without donor restrictions
beginning of year $14,959,999 · end of year $14,080,787
-
28 · Net assets with donor restrictions
beginning of year $4,301,250 · end of year $4,531,445
Mission and programs · 2022
Mission
ACADEMIC & SKI SCHOOL
-
PRIVATE EDUCATIONAL INSTITUTION FOR COLLEGE PREPARATION WITH AN EMPHASIS ON PRODUCING NATIONAL CLASS SKI RACERS.
Expenses $8,793,144 · Grants $1,349,674 · Revenue $7,375,865
As filed on the 2022 return.
Listed in Part VII
-
Tracy KellerTRACY KELLER
HEADMASTER
- Total calculated
- $222,555
- From this org
- $202,561
- From related orgs
- $0
- Other
- $19,994
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $202,561
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $19,994
- Filer's total
- $222,555
-
Barbara FrascellaBARBARA FRASCELLA
BUSINESS MGR
- Total calculated
- $80,408
- From this org
- $67,913
- From related orgs
- $0
- Other
- $12,495
- Hours/week
- 40
-
Charlie BrushCHARLIE BRUSH
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jamie ArmstrongJAMIE ARMSTRONG
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Geoff DuckworthGEOFF DUCKWORTH
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mark RadcliffeMARK RADCLIFFE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jay KearnsJAY KEARNS
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Matt KnittleMATT KNITTLE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ed VilandrieED VILANDRIE
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Josh SlocumJOSH SLOCUM
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
James PrestonJAMES PRESTON
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Eve WaterfallEVE WATERFALL
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Claire BrownCLAIRE BROWN
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Brett Depper-GoldsteinBRETT DEPPER-GOLDSTEIN
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Tj KingsburyTJ KINGSBURY
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Hans HalvorsenHANS HALVORSEN
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Al RoseAL ROSE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Devlin SheaDEVLIN SHEA
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Anna BaxterANNA BAXTER
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mike KrupkaMIKE KRUPKA
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Erica MacconnellERICA MACCONNELL
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Frazier BlairFRAZIER BLAIR
Trustee
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421369349309532
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