Form 990 for tax year 2023
Filed by GREEN MOUNTAIN VALLEY SCHOOL INC.
Totals
- Total revenue
- $8,685,212
- Total expenses
- $9,675,112
- Contributions and grants received
- $664,989
- Grants paid
- $1,747,195
- Program service revenue
- $7,917,997
- Investment income
- $151,699
- Other revenue
- -$49,473
- Total assets, end of year
- $22,657,492
- Total liabilities, end of year
- $5,033,014
- Net assets or fund balances, end of year
- $17,624,478
- Program services expenses (Part IX)
- $8,546,109
- Management and general expenses
- $784,086
- Fundraising expenses
- $344,917
- Program service expenses (Part III)
- $8,546,109
Program services were 88.3% 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.
-
1c · Fundraising events
$180,284
-
1f · All other contributions, gifts and grants
$484,705
-
2a · Program service revenue: TUITION AND FEES
total $7,917,997 · related or exempt $7,917,997
-
3 · Investment income
total $126,299 · excluded $126,299
-
7a · Gross sales of assets other than inventory
other assets $50,000
-
7b · Less cost or other basis and sales expenses
other assets $24,600
-
7c · Gain or loss
other assets $25,400
-
7d · Net gain or loss
total $25,400 · related or exempt $25,400
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$180,284
-
8b · Fundraising events: direct expenses
$49,473
-
8c · Net income from fundraising events
total -$49,473 · excluded -$49,473
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,747,195 · program services $1,747,195
-
5 · Compensation of officers, directors and key employees
total $231,212 · program services $231,212
-
7 · Other salaries and wages
total $3,821,311 · program services $3,468,364 · management and general $127,257 · fundraising $225,690
-
8 · Pension plan contributions
total $132,476 · program services $132,476
-
9 · Other employee benefits
total $403,143 · program services $344,242 · management and general $39,402 · fundraising $19,499
-
10 · Payroll taxes
total $287,137 · program services $259,921 · management and general $9,009 · fundraising $18,207
-
11b · Fees: legal
total $7,076 · program services $7,076
-
11c · Fees: accounting
total $37,450 · program services $37,450
-
11f · Fees: investment management
total $1,909 · program services $1,909
-
11g · Fees: other
total $556,882 · program services $474,161 · management and general $82,721
-
12 · Advertising and promotion
total $46,633 · fundraising $46,633
-
13 · Office expenses
total $115,588 · program services $33,049 · management and general $47,651 · fundraising $34,888
-
14 · Information technology
total $71,152 · program services $53,895 · management and general $17,257
-
16 · Occupancy
total $158,951 · program services $102,071 · management and general $56,880
-
17 · Travel
total $11,711 · program services $11,711
-
20 · Interest
total $5,241 · program services $5,241
-
22 · Depreciation, depletion and amortization
total $667,391 · program services $667,391
-
23 · Insurance
total $199,447 · management and general $199,447
-
24a · Other expenses: EQUIPMENT AND VEHICLE
total $391,395 · program services $312,219 · management and general $79,176
-
24b · Other expenses: MISCELLANEOUS
total $301,274 · program services $215,874 · management and general $85,400
-
24c · Other expenses: MOUNTAIN/LIFT OPERATION
total $226,870 · program services $226,870
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $154,607 · program services $154,607
-
24e · All other expenses
total $99,061 · program services $59,175 · management and general $39,886
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $339,726 · end of year $252,959
-
2 · Savings and temporary cash investments
beginning of year $1,566,106 · end of year $2,055,488
-
3 · Pledges and grants receivable
beginning of year $15,225 · end of year $2,800
-
4 · Accounts receivable
beginning of year $90,226 · end of year $95,663
-
8 · Inventories for sale or use
beginning of year $4,018 · end of year $13,301
-
9 · Prepaid expenses and deferred charges
beginning of year $257,965 · end of year $258,756
-
10a · Land, buildings and equipment: cost or other basis
$21,809,543
-
10b · Land, buildings and equipment: accumulated depreciation
$8,246,038
-
10c · Land, buildings and equipment, net
beginning of year $14,185,388 · end of year $13,563,505
-
11 · Investments: publicly traded securities
beginning of year $6,338,532 · end of year $6,370,328
-
15 · Other assets
beginning of year $32,121 · end of year $44,692
-
17 · Accounts payable and accrued expenses
beginning of year $846,209 · end of year $1,440,658
-
19 · Deferred revenue
end of year $3,389,557
-
23 · Secured mortgages and notes payable
beginning of year $202,799 · end of year $202,799
-
25 · Other liabilities
beginning of year $3,168,067
-
27 · Net assets without donor restrictions
beginning of year $14,080,787 · end of year $12,994,215
-
28 · Net assets with donor restrictions
beginning of year $4,531,445 · end of year $4,630,263
Mission and programs · 2023
Mission
THROUGH THE UNIQUE SPORT OF SKI RACING AND THROUGH EDUCATION IN THE LIBERAL ARTS TRADITION, IT IS OUR MISSION TO DEVELOP THE WHOLE PERSON WITH A LIFE-LONG LOVE OF LEARNING, SPORT, AND ADVENTURE. OUR GOAL IS TO CREATE AN ENVIRONMENT IN WHICH OUR STUDENTS CAN BECOME WELL-ROUNDED SCHOLARS, ATHLETES, AND CITIZENS WHO VALUE: DISCIPLINE, RESPONSIBILITY, RESPECT, INDEPENDENT INITIATIVE, AS WELL AS TOTAL COMMITMENT AND EFFORT.
-
PRIVATE EDUCATIONAL INSTITUTION FOR COLLEGE PREPARATION WITH AN EMPHASIS ON PRODUCING NATIONAL CLASS SKI RACERS.
Expenses $8,546,109 · Grants $1,747,195 · Revenue $7,943,397
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Frazier BlairFRAZIER BLAIR
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mike KrupkaMIKE KRUPKA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ed VilandrieED VILANDRIE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Eve WaterfallEVE WATERFALL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Peter BakerPETER BAKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anna BaxterANNA BAXTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Claire AbbeCLAIRE ABBE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Charlie BrushCHARLIE BRUSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brett Depper-GoldsteinBRETT DEPPER-GOLDSTEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Geoff DuckworthGEOFF DUCKWORTH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hans HalvorsenHANS HALVORSEN
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
-
Ryan MooneyRYAN MOONEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Erica MacconnellERICA MACCONNELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Shyama PatelSHYAMA PATEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James PrestonJAMES PRESTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark RadcliffeMARK RADCLIFFE
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
-
Annmarie ToddANNMARIE TODD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tracy KellerTRACY KELLER
HEAD OF SCHOOL
- Total calculated
- $231,213
- From this org
- $207,514
- From related orgs
- $0
- Other
- $23,699
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $207,514
- Bonus
- $0
- Other
- $0
- Deferred
- $8,167
- Nontaxable benefits
- $15,532
- Filer's total
- $231,213
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
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531359349302218
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