Form 990 for tax year 2023
Filed by FOUNTAIN VALLEY SCHOOL OF COLORADO.
Totals
- Total revenue
- $17,061,446
- Total expenses
- $20,286,156
- Contributions and grants received
- $2,189,431
- Grants paid
- $3,044,137
- Program service revenue
- $13,316,770
- Investment income
- $1,419,650
- Other revenue
- $135,595
- Total assets, end of year
- $89,608,193
- Total liabilities, end of year
- $4,744,597
- Net assets or fund balances, end of year
- $84,863,596
- Program services expenses (Part IX)
- $14,093,568
- Management and general expenses
- $5,215,595
- Fundraising expenses
- $976,993
- Program service expenses (Part III)
- $14,093,568
Program services were 69.5% 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.
-
1e · Government grants (contributions)
$423,688
-
1f · All other contributions, gifts and grants
$1,765,743
-
1g · Noncash contributions included above
$143,836
-
2a · Program service revenue: TUITION & FEES
total $12,747,087 · related or exempt $12,747,087
-
2b · Program service revenue: GCLI PROGRAM REVENUE
total $244,484 · related or exempt $244,484
-
2c · Program service revenue: RIDING PROGRAM
total $116,973 · related or exempt $116,973
-
2d · Program service revenue: HEALTH CENTER
total $14,000 · related or exempt $14,000
-
2e · Program service revenue: ATHLETICS
total $3,387 · related or exempt $3,387
-
2f · All other program service revenue
total $190,839 · related or exempt $190,839
-
3 · Investment income
total $1,411,118 · unrelated business $86,764 · excluded $1,324,354
-
6a · Gross rents
real property $99,944
-
6b · Less rental expenses
real property $13,126
-
6c · Rental income or loss
real property $86,818
-
6d · Net rental income or loss
total $86,818 · related or exempt $73,718 · unrelated business $13,100
-
7a · Gross sales of assets other than inventory
securities $7,753,103 · other assets $21,390
-
7b · Less cost or other basis and sales expenses
securities $7,765,961 · other assets $0
-
7c · Gain or loss
securities -$12,858 · other assets $21,390
-
7d · Net gain or loss
total $8,532 · excluded $8,532
-
10a · Gross sales of inventory
$20,948
-
10b · Cost of goods sold
$9,974
-
10c · Net income from sales of inventory
total $10,974 · excluded $10,974
-
11a · Other revenue: INSURANCE PROCEEDS
total $37,803 · excluded $37,803
-
11e · Other revenue, total
$37,803
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $2,310,637 · program services $2,310,637
-
3 · Grants to foreign organizations and individuals
total $733,500 · program services $733,500
-
5 · Compensation of officers, directors and key employees
total $887,836 · management and general $887,836
-
7 · Other salaries and wages
total $5,714,381 · program services $3,759,406 · management and general $1,603,083 · fundraising $351,892
-
8 · Pension plan contributions
total $388,068 · program services $235,766 · management and general $131,604 · fundraising $20,698
-
9 · Other employee benefits
total $1,324,495 · program services $751,340 · management and general $507,194 · fundraising $65,961
-
10 · Payroll taxes
total $473,007 · program services $250,973 · management and general $200,001 · fundraising $22,033
-
11b · Fees: legal
total $7,040 · management and general $6,976 · fundraising $64
-
11c · Fees: accounting
total $69,973 · management and general $69,334 · fundraising $639
-
11e · Fees: professional fundraising services
total $78,350 · fundraising $78,350
-
11g · Fees: other
total $157,520 · management and general $155,366 · fundraising $2,154
-
12 · Advertising and promotion
total $279,844 · program services $8,233 · management and general $44,075 · fundraising $227,536
-
13 · Office expenses
total $59,817 · program services $34,853 · management and general $24,964
-
14 · Information technology
total $31,929 · management and general $31,637 · fundraising $292
-
16 · Occupancy
total $1,023,947 · program services $677,778 · management and general $346,169
-
17 · Travel
total $280,101 · program services $99,970 · management and general $45,511 · fundraising $134,620
-
22 · Depreciation, depletion and amortization
total $2,128,448 · program services $1,915,603 · management and general $212,845
-
23 · Insurance
total $642,211 · program services $529,810 · management and general $112,401
-
24a · Other expenses: FOOD EXPENSE
total $1,944,973 · program services $1,944,851 · management and general $122
-
24b · Other expenses: SCHOOL EXPENSE
total $1,092,051 · program services $626,541 · management and general $442,001 · fundraising $23,509
-
24c · Other expenses: MISC.
total $324,862 · program services $9,897 · management and general $276,539 · fundraising $38,426
-
24d · Other expenses: MEMBERSHIPS
total $138,579 · program services $86,112 · management and general $41,648 · fundraising $10,819
-
24e · All other expenses
total $194,587 · program services $118,298 · management and general $76,289
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,610,335 · end of year $1,864,684
-
2 · Savings and temporary cash investments
beginning of year $2,039,898
-
3 · Pledges and grants receivable
beginning of year $2,447,813 · end of year $1,714,460
-
4 · Accounts receivable
beginning of year $67,615 · end of year $139,928
-
9 · Prepaid expenses and deferred charges
beginning of year $208,778 · end of year $391,169
-
10a · Land, buildings and equipment: cost or other basis
$79,982,657
-
10b · Land, buildings and equipment: accumulated depreciation
$40,689,018
-
10c · Land, buildings and equipment, net
beginning of year $39,253,291 · end of year $39,293,639
-
11 · Investments: publicly traded securities
beginning of year $34,625,800 · end of year $36,890,160
-
12 · Investments: other securities
beginning of year $6,894,187 · end of year $7,079,749
-
15 · Other assets
beginning of year $2,063,463 · end of year $2,234,404
-
17 · Accounts payable and accrued expenses
beginning of year $992,757 · end of year $998,894
-
19 · Deferred revenue
beginning of year $3,137,782 · end of year $3,694,530
-
25 · Other liabilities
beginning of year $55,486 · end of year $51,173
-
27 · Net assets without donor restrictions
beginning of year $47,092,983 · end of year $45,791,462
-
28 · Net assets with donor restrictions
beginning of year $37,932,172 · end of year $39,072,134
Mission and programs · 2023
Mission
FOUNTAIN VALLEY SCHOOL OF COLORADO PROVIDES A TRANSFORMATIVE CURRICULUM IN A SUPPORTIVE ENVIRONMENT WHERE STUDENTS ARE CHALLENGED TO THINK CRITICALLY, BECOME LEADERS, AND LIVE BY OUR CORE VALUES: COURAGE, COMPASSION, CURIOSITY, SELF-RELIANCE, AND OPEN-MINDEDNESS.
Activities or mission (Part I)
DRAWING ON WESTERN HERITAGE, FVS DEVELOPS LEADERS WHO EMBRACE THE WORLD WITH COMPASSION AND COURAGE.
-
FOUNTAIN VALLEY SCHOOL IS A COEDUCATIONAL BOARDING AND DAY SCHOOL FOR APPROXIMATELY 230 STUDENTS, GRADES 9 - 12. OUR DIVERSE STUDENT BODY HAILS FROM 20 STATES AND 20 COUNTRIES AND IS INTEGRAL TO OUR EDUCATIONAL EXPERIENCE. THE FOUNTAIN VALLEY SCHOOL PROGRAM IS RIGOROUS, ENGAGING, AND GLOBAL IN PERSPECTIVE WHILE INTENTIONALLY TAKING ADVANTAGE OF OUR UNIQUE PLACE IN THE FRONT RANGE OF THE AMERICAN WEST. FOUNTAIN VALLEY SCHOOL'S SIGNATURE PROGRAMS INCLUDE OUR UNIQUE 9TH-GRADE WESTERN CURRICULUM, THE GLOBAL/STEM SCHOLAR DIPLOMA, MEMBERSHIP IN ROUND SQUARE, INTERIM EXPEDITIONS, AND AN ATHLETIC PROGRAM FEATURING WESTERN-THEMED ACTIVITIES AND SPORTS SUCH AS ENGLISH AND WESTERN EQUESTRIAN TEAMS, MOUNTAIN BIKING, CLIMBING, AND OUTDOOR EDUCATION THAT TAKE ADVANTAGE OF OUR PLACE ON A 1,100-ACRE PRAIRIE CAMPUS SET IN THE SHADOW OF PIKES PEAK AND THE ROCKY MOUNTAINS. WE AIM TO CREATE FUTURE LEADERS WHO THINK CRITICALLY AND LIVE BY OUR CORE VALUES: COURAGE, COMPASSION, CURIOSITY, SELF-RELIANCE, AND OPEN-MINDEDNESS.SCHOLARSHIPS: 51% OF STUDENTS RECEIVE FINANCIAL AID. IN THE 2023-2024 ACADEMIC YEAR, $3,044,137 IN BOTH MERIT AND NEED-BASED SCHOLARSHIPS WERE AWARDED.
Expenses $14,093,568 · Grants $3,044,137 · Revenue $13,390,488
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Theresa ShehTHERESA SHEH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Edward C EpplerEDWARD C EPPLER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Cori J GallesCORI J GALLES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Barry S BrownBARRY S BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah CannadySARAH CANNADY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly EustaceKELLY EUSTACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerry FrautschiJERRY FRAUTSCHI
LIFETIME TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Haley GriffisHALEY GRIFFIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark HatchMARK HATCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Benjamin HoweBENJAMIN HOWE
TRUSTEE (EX-OFFICIO)
- Total calculated
- $0
- Hours/week
- 1
-
Emilie HoytEMILIE HOYT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Juniper HunterJUNIPER HUNTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Flora Jewell-SternFLORA JEWELL-STERN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Darrell JohnsonDARRELL JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dawn JuddDAWN JUDD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen KaczmarekSTEPHEN KACZMAREK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Henry MorseHENRY MORSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gregory OsborneGREGORY OSBORNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Douglas PattersonDOUGLAS PATTERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Veronique RichardsonVERONIQUE RICHARDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher SanchezCHRISTOPHER SANCHEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark SatherMARK SATHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim ScottJIM SCOTT
LIFETIME TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dempsey SimonisDEMPSEY SIMONIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Davis TuttDAVIS TUTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew WatsonANDREW WATSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Max ZhangMAX ZHANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Megan HarlanMEGAN HARLAN
HEAD OF SCHOOL
- Total calculated
- $386,016
- From this org
- $312,096
- From related orgs
- $0
- Other
- $73,920
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $310,366
- Bonus
- $0
- Other
- $1,730
- Deferred
- $25,000
- Nontaxable benefits
- $48,920
- Filer's total
- $386,016
-
David MeskoDAVID MESKO
CFO (AS OF 7/23)
- Total calculated
- $160,726
- From this org
- $118,253
- From related orgs
- $0
- Other
- $42,473
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $117,432
- Bonus
- $100
- Other
- $721
- Deferred
- $9,333
- Nontaxable benefits
- $33,140
- Filer's total
- $160,726
-
John G LitchenbergJOHN G LITCHENBERG
COO
- Total calculated
- $132,560
- From this org
- $87,454
- From related orgs
- $0
- Other
- $45,106
- Hours/week
- 40
-
Charles Lavant GreeneCHARLES LAVANT GREENE
ASST. HEAD OF SCHOOL (AS OF 7/23)
- Total calculated
- $92,846
- From this org
- $59,971
- From related orgs
- $0
- Other
- $32,875
- Hours/week
- 40
-
Lindsey RatliffLINDSEY RATLIFF
ADMISSIONS DIRECTOR
- Total calculated
- $147,602
- From this org
- $117,493
- From related orgs
- $0
- Other
- $30,109
- Hours/week
- 40
-
Janet RefiorJANET REFIOR
FORMER COFO (THRU 6/23)
- Total calculated
- $124,745
- From this org
- $102,723
- From related orgs
- $0
- Other
- $22,022
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $101,634
- Bonus
- $0
- Other
- $1,089
- Deferred
- $6,968
- Nontaxable benefits
- $15,054
- Filer's total
- $124,745
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
- 1a · Discretionary spending account
- 1a · Housing allowance or residence for personal use
- 1a · Health or social club dues or initiation fees
- 1a · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 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
The filer's explanations (Part III)
- PART I, LINE 1A
- OUR HEAD OF SCHOOL, MEGAN HARLAN, LIVES ON CAMPUS AND THE HOUSE IS CLEANED BY THE FOUNTAIN VALLEY CUSTODIAL STAFF. MS. HARLAN HAS A DISCRETIONARY SPENDING ACCOUNT OF $10,000. THE DISCRETIONARY SPENDING ACCOUNT IS USED FOR HEAD OF SCHOOL TRAVEL, DEPARTMENT MEALS, AND TO OFFSET STUDENT EXPERIENTIAL LEARNING COSTS. THE FAIR MARKET VALUE OF THESE BENEFITS ARE NOT INCLUDED IN TAXABLE COMPENSATION.
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
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501349349307525
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.