Form 990 for tax year 2023
Filed by VILAR PERFORMING ARTS CENTER INC.
Totals
- Total revenue
- $7,336,890
- Total expenses
- $6,936,757
- Contributions and grants received
- $4,285,714
- Grants paid
- $74,144
- Program service revenue
- $2,335,766
- Investment income
- $551,705
- Other revenue
- $163,705
- Total assets, end of year
- $23,709,665
- Total liabilities, end of year
- $1,084,576
- Net assets or fund balances, end of year
- $22,625,089
- Program services expenses (Part IX)
- $5,335,979
- Management and general expenses
- $1,130,581
- Fundraising expenses
- $470,197
- Program service expenses (Part III)
- $5,335,979
Program services were 76.9% 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.
-
1d · Related organizations
$549,413
-
1e · Government grants (contributions)
$387,682
-
1f · All other contributions, gifts and grants
$3,348,619
-
1g · Noncash contributions included above
$143,352
-
2a · Program service revenue: VILAR PERFORMING ARTS CENTER
total $2,335,766 · related or exempt $2,335,766
-
3 · Investment income
total $322,347 · excluded $322,347
-
7a · Gross sales of assets other than inventory
securities $409,495
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $180,137
-
7c · Gain or loss
securities $409,495 · other assets -$180,137
-
7d · Net gain or loss
total $229,358 · excluded $229,358
-
10a · Gross sales of inventory
$281,253
-
10b · Cost of goods sold
$117,548
-
10c · Net income from sales of inventory
total $163,705 · related or exempt $163,705
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $74,144 · program services $74,144
-
5 · Compensation of officers, directors and key employees
total $176,740 · program services $159,066 · management and general $17,674
-
7 · Other salaries and wages
total $1,836,243 · program services $1,064,831 · management and general $443,814 · fundraising $327,598
-
8 · Pension plan contributions
total $58,694 · program services $31,548 · management and general $14,531 · fundraising $12,615
-
9 · Other employee benefits
total $320,726 · program services $152,674 · management and general $122,145 · fundraising $45,907
-
10 · Payroll taxes
total $203,830 · program services $117,989 · management and general $58,554 · fundraising $27,287
-
11b · Fees: legal
total $25,920 · management and general $25,920
-
11c · Fees: accounting
total $25,662 · management and general $25,662
-
11f · Fees: investment management
total $44,493 · management and general $44,493
-
11g · Fees: other
total $36,856 · program services $35,720 · fundraising $1,136
-
12 · Advertising and promotion
total $477,040 · program services $431,237 · management and general $38,087 · fundraising $7,716
-
13 · Office expenses
total $219,917 · program services $140,799 · management and general $75,416 · fundraising $3,702
-
14 · Information technology
total $121,889 · program services $40,946 · management and general $80,943
-
16 · Occupancy
total $351,666 · program services $204,758 · management and general $146,908
-
17 · Travel
total $18,154 · program services $2,588 · management and general $5,336 · fundraising $10,230
-
22 · Depreciation, depletion and amortization
total $764,362 · program services $764,362
-
23 · Insurance
total $61,587 · program services $37,509 · management and general $24,078
-
24a · Other expenses: PERFORMERS, TALENT AND
total $1,648,855 · program services $1,648,855
-
24b · Other expenses: CONCESSIONS AND SOCIAL
total $178,055 · program services $153,984 · fundraising $24,071
-
24c · Other expenses: PRODUCTION TRAVEL AND L
total $142,146 · program services $140,699 · management and general $676 · fundraising $771
-
24d · Other expenses: SITE PREPARATION
total $115,130 · program services $113,736 · management and general $1,376 · fundraising $18
-
24e · All other expenses
total $34,648 · program services $20,534 · management and general $4,968 · fundraising $9,146
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $2,992,138 · end of year $2,707,187
-
3 · Pledges and grants receivable
beginning of year $1,852,175 · end of year $1,740,358
-
4 · Accounts receivable
beginning of year $73,153 · end of year $42,322
-
8 · Inventories for sale or use
beginning of year $15,673 · end of year $20,587
-
9 · Prepaid expenses and deferred charges
beginning of year $63,833 · end of year $29,610
-
10a · Land, buildings and equipment: cost or other basis
$21,303,255
-
10b · Land, buildings and equipment: accumulated depreciation
$11,993,255
-
10c · Land, buildings and equipment, net
beginning of year $8,982,452 · end of year $9,310,000
-
11 · Investments: publicly traded securities
beginning of year $8,627,864 · end of year $9,859,601
-
15 · Other assets
beginning of year $5,070 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $576,242 · end of year $314,228
-
19 · Deferred revenue
beginning of year $536,798 · end of year $570,463
-
25 · Other liabilities
beginning of year $0 · end of year $199,885
-
27 · Net assets without donor restrictions
beginning of year $14,369,170 · end of year $14,766,451
-
28 · Net assets with donor restrictions
beginning of year $7,130,148 · end of year $7,858,638
Mission and programs · 2023
Mission
THE PURPOSES AND OBJECTIVES OF THE VILAR PERFORMING ARTS CENTER IS TO PROMOTE AND DEVELOP AWARENESS OF AND APPRECIATION OF THE ARTS AND TO EDUCATE THE GENERAL PUBLIC ABOUT THE ARTS THROUGH THE OWNERSHIP AND OPERATION OF A THEATER BY PRESENTING A VARIETY OF YEAR-ROUND PERFORMANCES INCLUDING CONCERTS, COMEDY, DANCE, FILM, BROADWAY, FAMILY SHOWS AND MORE.
Activities or mission (Part I)
PROMOTE & DEVELOP APPRECIATION OF THE ARTS IN THE VAIL VALLEY AREA.
-
THE THEATER OPENED TO THE GENERAL PUBLIC IN FEBRUARY OF 1998 FOR ITS PREMIER SEASON, OFFERING A WIDE VARIETY OF PROGRAMMING FOR THE PERFORMING ARTS. AS OF MAY 31, 2024, THE ORGANIZATION IS PRIMARILY ENGAGED IN PROMOTING AND DEVELOPING AWARENESS OF AND THE APPRECIATION OF THE ARTS AND EDUCATING THE GENERAL PUBLIC ABOUT THE ARTS THROUGH THE OWNERSHIP AND/OR OPERATION OF THE THEATRE.
Expenses $5,335,979 · Grants $74,144 · Revenue $2,499,471
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
MICHAEL IMHOF
PRESIDENT AND CEO
- Total calculated
- $394,643
- From this org
- $0
- From related orgs
- $360,050
- Other
- $34,593
- Hours/week
- 15 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $326,956 related
- Bonus
- $0 + $33,094 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $36,204 related
- Filer's total
- $0 + $396,254 related
-
CHRIS JARNOT
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
ANDY ARNOLD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
JOHN ARNOLD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
SAM BRONFMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
JEFFREY BYRNE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
SUSAN CAMPBELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
WILL COOK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
STEVE COYER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
JOHANNES FAESSLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
CARLOS GARDEA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
MARGIE GART
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
PAUL GORDON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
NADIA GUERRIERO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
CARRIE BESNETTE HAUSER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
BETH HOWARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
AL HUBBARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
BJ HYBL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
DAVID HYDE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
CHERYL JENSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
ALEXIA JURSCHAK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
ANNE-MARIE KEANE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
MIKE KRUPKA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
DONNA LYNNE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
SARAH MALLOY MILLETT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
ALEJANDRA CORTS DE MILMO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
ELLEN MORITZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
KAIA MORITZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
BOBBY MURPHY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
DAN PENNINGTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
JILL PLANCHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
CHRIS ROMER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
DAVID SALVIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
KEN SCHANZER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
ANN SMEAD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
HAP STEIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
KRISTIN TANG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
FRED TRESCA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
MELINA VALSECIA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
TINA VARDAMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
NICK WAUGH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
GARY WOODWORTH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
KRISTY WOOLFOLK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
JOSHUA CLOUD
CFO
- Total calculated
- $240,013
- From this org
- $0
- From related orgs
- $186,857
- Other
- $53,156
- Hours/week
- 15 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $165,057 related
- Bonus
- $0 + $21,800 related
- Other
- $0
- Deferred
- $0 + $8,472 related
- Nontaxable benefits
- $0 + $45,390 related
- Filer's total
- $0 + $240,719 related
-
OWEN HUTCHINSON-EXECUTIVE DIR
(THRU SEPT)/ARTISTIC DIR.(FROM SEPT)
- Total calculated
- $202,170
- From this org
- $168,996
- From related orgs
- $0
- Other
- $33,174
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,986
- Bonus
- $21,010
- Other
- $0
- Deferred
- $7,348
- Nontaxable benefits
- $27,184
- Filer's total
- $203,528
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
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE FOUNDATION RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE OF THESE METHODS TO ESTABLISH THE COMPENSATION OF OFFICERS.
- PART I, LINE 7
- THE EXECUTIVE COMMITTEE OF VAIL VALLEY FOUNDATION, A RELATED TAX-EXEMPT ORGANIZATION, 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.
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
-
$40,750
GENERAL ASSISTANCE
-
$17,394
GENERAL SUPPORT
-
$10,000
GENERAL SUPPORT FOR RENTAL EXPENSES
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · ENHANCING THE QUALITY OF LIFE IN VAIL VALLEY · CO
-
501(C)(3) · PREPARE CHILDREN IN NEED FOR SUCCESS IN LIFE THROUGH EDUCATION · CO
Directly controlled by VAIL VALLEY FOUNDATION
-
501(C)(3) · EMPLOYER BASED CHILDCARE FACILITY · CO
Directly controlled by VAIL VALLEY FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 3 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530939349301573
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