Totals
- Total revenue
- $958,869
- Total expenses
- $1,003,156
- Contributions and grants received
- $411,484
- Grants paid
- $0
- Program service revenue
- $416,847
- Investment income
- $692
- Other revenue
- $129,846
- Total assets, end of year
- $526,666
- Total liabilities, end of year
- $181,331
- Net assets or fund balances, end of year
- $345,335
- Program services expenses (Part IX)
- $821,982
- Management and general expenses
- $156,683
- Fundraising expenses
- $24,491
- Program service expenses (Part III)
- $821,982
Program services were 81.9% 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.
-
1c · Fundraising events
$294
-
1f · All other contributions, gifts and grants
$411,190
-
1g · Noncash contributions included above
$17,500
-
2a · Program service revenue: Ice Rink
total $394,628 · related or exempt $394,628
-
2b · Program service revenue: Music on Main
total $22,219 · related or exempt $22,219
-
3 · Investment income
total $692 · excluded $692
-
8a · Fundraising events: gross income
$31,527
-
8a · Fundraising events: contributions included on line 1c
$294
-
8b · Fundraising events: direct expenses
$11,400
-
8c · Net income from fundraising events
total $20,127 · excluded $20,127
-
9a · Gaming: gross income
$10,320
-
9b · Gaming: direct expenses
$750
-
9c · Net income from gaming
total $9,570 · excluded $9,570
-
10a · Gross sales of inventory
$136,543
-
10b · Cost of goods sold
$39,794
-
10c · Net income from sales of inventory
total $96,749 · excluded $96,749
-
11a · Other revenue: Misc. Revenue
total $3,400 · related or exempt $3,400
-
11e · Other revenue, total
$3,400
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $93,212 · program services $70,202 · management and general $23,010
-
7 · Other salaries and wages
total $271,184 · program services $206,206 · management and general $64,978
-
8 · Pension plan contributions
total $5,610 · program services $5,610
-
9 · Other employee benefits
total $9,482 · program services $5,396 · management and general $4,086
-
10 · Payroll taxes
total $31,335 · program services $23,980 · management and general $7,355
-
11c · Fees: accounting
total $1,214 · management and general $1,214
-
11g · Fees: other
total $163,370 · program services $138,142 · management and general $12,449 · fundraising $12,779
-
12 · Advertising and promotion
total $4,219 · program services $3,290 · management and general $662 · fundraising $267
-
13 · Office expenses
total $24,858 · program services $13,546 · management and general $4,436 · fundraising $6,876
-
14 · Information technology
total $11,530 · program services $3,262 · management and general $8,117 · fundraising $151
-
16 · Occupancy
total $37,924 · program services $37,496 · management and general $260 · fundraising $168
-
17 · Travel
total $16,849 · program services $16,741 · management and general $108
-
22 · Depreciation, depletion and amortization
total $26,647 · program services $26,647
-
23 · Insurance
total $26,004 · program services $2,508 · management and general $23,496
-
24a · Other expenses: Program Expense - Ice A
total $93,222 · program services $93,222
-
24b · Other expenses: Program Expense - Music
total $72,404 · program services $72,404
-
24c · Other expenses: Repairs and Maintenance
total $52,454 · program services $48,432 · management and general $20 · fundraising $4,002
-
24d · Other expenses: Equipment
total $18,939 · program services $18,119 · management and general $820
-
24e · All other expenses
total $42,699 · program services $36,779 · management and general $5,672 · fundraising $248
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $176,561 · end of year $253,820
-
2 · Savings and temporary cash investments
beginning of year $207,173 · end of year $171,984
-
4 · Accounts receivable
beginning of year $15,850 · end of year $8,300
-
8 · Inventories for sale or use
beginning of year $4,206 · end of year $4,206
-
10a · Land, buildings and equipment: cost or other basis
$205,307
-
10b · Land, buildings and equipment: accumulated depreciation
$118,424
-
10c · Land, buildings and equipment, net
beginning of year $113,530 · end of year $86,883
-
15 · Other assets
beginning of year $0 · end of year $1,473
-
17 · Accounts payable and accrued expenses
beginning of year $18,231 · end of year $53,131
-
19 · Deferred revenue
beginning of year $106,999 · end of year $126,274
-
25 · Other liabilities
beginning of year $3,117 · end of year $1,926
-
27 · Net assets without donor restrictions
beginning of year $336,871 · end of year $293,233
-
28 · Net assets with donor restrictions
beginning of year $52,102 · end of year $52,102
Mission and programs · 2024
Mission
To make the good life in Teton Valley even better for residents and visitors alike through recreational and cultural programs that create community connections and enhance the local economy.
-
The Kotler Ice Arena is a seasonal community ice rink operated by Teton Valley Foundation that provides affordable and accessible winter recreation opportunities for residents and visitors throughout Teton Valley. Bustling with activity throughout the winter season, the facility serves more than 1,500 users each week and hosts approximately 10 tournaments, competitions, and special events annually, bringing more than 5,000 visitors to Teton Valley each winter.The arena is home to the Cutthroats Youth Hockey program, which supports approximately 130 youth athletes ages 4 to 18 through skill development, competition, and character-building opportunities. In addition to youth hockey, the facility offers adult hockey leagues, learn-to-skate programs, figure skating, curling, public skating sessions, school partnerships, and community events.As a critical winter gathering place, the Kotler Ice Arena promotes physical activity, youth engagement, and community connection during months when outdoor recreation opportunities are limited. By prioritizing safety, affordability, and broad community access, the program reduces barriers to participation and supportshealthy lifestyles while contributing to the local economy through sports tourism and regional events.
Expenses $564,756 · Revenue $398,028
-
Music on Main is a free, donation-based summer concert series operated by Teton Valley Foundation that provides accessible arts and cultural programming for residents and visitors throughout Teton Valley. Held weekly in Victor City Park, the eight-week series attracts approximately 3,500 attendees per concert, welcoming more than 28,000 attendees over the course of each summer season.The program removes financial barriers to participation by offering high-quality live music performances at no cost to attendees, ensuring broad access for individuals and families of all ages, backgrounds, and income levels. In addition to nationally and regionally touring musical acts, Music on Main provides opportunities for local nonprofits, artists, vendors, and community organizations to engage with the public.Music on Main serves as a significant driver of community connection and economic activity, drawing visitors from throughout the Greater Yellowstone region and supporting local restaurants, retailers, lodging providers, and other businesses. The series is made possible through the support of sponsors, donors, and more than 80 community volunteers who contribute over 400 volunteer shifts each season.By providing free access to arts and culture in a rural community, Music on Main strengthens quality of life, fosters social connection, promotes community pride, and contributes to the economic vitality of Teton Valley.
Expenses $257,226 · Revenue $22,219
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Megan LaTorre
Executive Director
- Total calculated
- $79,392
- From this org
- $76,069
- From related orgs
- $0
- Other
- $3,323
- Hours/week
- 40
-
John Rockefeller
Interim Executive Director
- Total calculated
- $24,770
- From this org
- $23,316
- From related orgs
- $0
- Other
- $1,454
- Hours/week
- 40
-
Alex Seddon
Board Chair - Term Ended 8/30/25
- Total calculated
- $0
- Hours/week
- 2
-
Derek Ellis
Board Chair - Term Began 9/1/25
- Total calculated
- $0
- Hours/week
- 2
-
Cait Barilec
Vice Chair - Term Began 9/1/25
- Total calculated
- $0
- Hours/week
- 0.5
-
Mara Brannon
Treasurer/Secretary (9/1/25)
- Total calculated
- $0
- Hours/week
- 0.5
-
Liz Moseley
Secretary - Term Ended 8/30/25
- Total calculated
- $0
- Hours/week
- 0.5
-
Susan Jackson
Board Member/Treasurer (9/1/25)
- Total calculated
- $0
- Hours/week
- 0.5
-
Hilary Calagna
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Ari Kotler
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
John Gavin
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Kurt Grimmelman
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Cheryl Dorn
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 June 2026
- IRS schema version
- 2024v5.5
- Source object
- 202641679349300124
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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