2021-04-05T13:18:07-05:00 2020-05-31 450250958 EIDE BAILLY LLP 2950 E HARMONY RD STE 290 FORT COLLINS CO 805283429 990 2019-06-01 742215035 VAIL VALLEY FOUNDATION VAIL 9707772015 PO BOX 6550 AVON CO 81620 ROBERT J FORD TREASURER & CFO 9709491999 2021-04-02 1 KYLE FRITCH CPA P01313374 9702238825 2021-04-02 2019 2022-09-23 18:48:47Z MICHAEL IMHOF PO BOX 6550 AVON CO 81620 21297387 0 X WWW.VVF.ORG X 1983 CO TO ENHANCE THE QUALITY OF LIFE IN THE VAIL VALLEY AND SHOWCASE OUR COMMUNITY TO A GLOBAL AUDIENCE THROUGH ARTS, ATHLETICS AND EDUCATION. 43 42 525 1290 -59269 -60574 9199089 9874916 9698994 9663098 1605504 1010246 -58107 -113709 20445480 20434551 737246 1153536 0 0 6095445 5816622 0 0 1473182 12602809 11782304 19435500 18752462 1009980 1682089 28806288 29545665 10860407 10274162 17945881 19271503 X VAIL VALLEY FOUNDATION WAS CREATED TO ENHANCE THE QUALITY OF LIFE IN THE VAIL VALLEY AND SHOWCASE OUR COMMUNITY TO A GLOBAL AUDIENCE THROUGH ARTS, ATHLETICS, AND EDUCATION. 0 0 3754220 1872915 THE VILAR PERFORMING ARTS CENTER THEATRE OPERATIONS INCLUDE PROMOTING AND DEVELOPING AWARENESS AND APPRECIATION OF THE ARTS AND EDUCATING THE GENERAL PUBLIC ABOUT THE ARTS THROUGH PROGRAMS, ACTIVITIES, AND EVENTS TO FOSTER THE ARTS AND ARTS EDUCATION. THE THEATRE IS LOCATED WITHIN BEAVER CREEK RESORT PROVIDING YEAR-ROUND PERFORMANCES INCLUDING BROADWAY MUSICALS, ROCK CONCERTS, FAMILY SHOWS, COMEDY SHOWS, DANCE AND FILM FESTIVALS, JAZZ CONCERTS AND MORE. 2790427 2361984 VAIL VALLEY FOUNDATION HOSTS THE BIRDS OF PREY WORLD CUP INTERNATIONAL ALPINE SKI RACE ANNUALLY. THE RACE CONSISTS OF A WORLD CUP MEN'S SUPER-COMBINED, WORLD CUP MEN'S DOWNHILL, AND A WORLD CUP MEN'S SLALOM COMPETITION. THIS ATHLETIC EVENT ATTRACTS PEOPLE FROM AROUND THE WORLD HELPING TO PROMOTE THE TOWN OF VAIL AND THE QUALITY OF LIFE IN THE VAIL VALLEY AREA. 2713982 1223325 VAIL VALLEY FOUNDATION HOLDS THE VAIL DANCE FESTIVAL EVERY YEAR. THE FESTIVAL INCLUDES SEVERAL PERFORMANCES BY INTERNATIONAL COUPLES AND ENSEMBLES FROM MAJOR INTERNATIONAL COMPANIES HELD AT THE GERALD R. FORD AMPHITHEATER. THE PERFORMANCES VARY FROM YEAR TO YEAR, BUT FREQUENTLY INCLUDE GUEST ARTISTS FROM THE AMERICAN BALLET THEATRE AND OTHER WORLD-CLASS COMPANIES. THE FESTIVAL PROVIDES EDUCATION AND ENHANCES THE APPRECIATION AND AVAILABILITY OF DANCE IN THE VAIL COMMUNITY. 5671903 1153535 4204874 VAIL VALLEY FOUNDATION HOSTS AND SPONSORS A VARIETY OF OTHER EVENTS IN THE VAIL VALLEY AREA INCLUDING GOPRO MOUNTAIN GAMES, HOT SUMMER NIGHTS, SHOW DOWN TOWN, AND WHISTLE PIG VAIL. THE EVENTS HELP TO SUPPORT A VARIETY OF EDUCATIONAL PROGRAMS, OTHER NONPROFIT ORGANIZATIONS, STRENGTHENING FAMILIES WITHIN THE COMMUNITY, AND KEEPING THE COMMUNITY VITAL AND EXCITING. 5671903 1153535 4204874 14930532 1 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 281 0 1 525 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 X 43 42 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CO X HEIDI ELZINGA 9707772015 90 BENCHMARK ROAD STE 300 AVON CO 81620 MICHAEL IMHOF PRESIDENT/CHIEF EXECUTIVE OFFICER 40.00 15.00 X X 326308 0 10293 DAVID DRESSMAN VP OF SALES 40.00 0.00 X 218631 0 16535 ROBERT J FORD TREASURER & CHIEF FINANCIAL OFFICER 40.00 15.00 X 219127 0 15115 DUNCAN HORNER EXECUTIVE DIRECTOR OF VPAC 40.00 0.00 X 206555 0 18655 SARAH FRANKE VP OF MARKETING & OPERATIONS 40.00 0.00 X 182675 0 10798 SARAH JOHNSON SVP ARTS & EDUCATION 40.00 0.00 X 148978 0 13919 JESSICA STEVENS SALES DIRECTOR 40.00 0.00 X 144971 0 15227 BRIAN MULLER IT DIRECTOR 40.00 0.00 X 129015 0 8191 GREGORY BLOOM SALES DIRECTOR 40.00 0.00 X 127611 0 8609 TOM BOYD PR & GRFA DIRECTOR 40.00 0.00 X 120180 0 14115 ANN SMEAD CHAIRMAN 0.50 1.00 X X 0 0 0 ANDY ARNOLD BOARD MEMBER 0.50 1.00 X 0 0 0 JOHN ARNOLD BOARD MEMBER 0.50 1.00 X 0 0 0 HANS BERGLUND BOARD MEMBER 0.50 1.00 X 0 0 0 SAM BRONFMAN BOARD MEMBER 0.50 1.00 X 0 0 0 SUSAN CAMPBELL BOARD MEMBER 0.50 1.00 X 0 0 0 CHARLENE CHEN BOARD MEMBER 0.50 1.00 X 0 0 0 STEVE COYER BOARD MEMBER 0.50 1.00 X 0 0 0 ANDY DALY BOARD MEMBER 0.50 1.00 X 0 0 0 RON DAVIS BOARD MEMBER 0.50 1.00 X 0 0 0 MATT DONOVAN BOARD MEMBER 0.50 1.00 X 0 0 0 BILL ESREY BOARD MEMBER 0.50 1.00 X 0 0 0 JOHANNES FAESSLER BOARD MEMBER 0.50 1.00 X 0 0 0 TIM FINCHEM BOARD MEMBER 0.50 1.00 X 0 0 0 STEVE FRIEDMAN BOARD MEMBER 0.50 1.00 X 0 0 0 MARGIE GART BOARD MEMBER 0.50 1.00 X 0 0 0 DONNA GIORDANO BOARD MEMBER 0.50 1.00 X 0 0 0 SHEIKA GRAMSHAMMER BOARD MEMBER 0.50 1.00 X 0 0 0 MICHAEL HERMAN BOARD MEMBER 0.50 1.00 X 0 0 0 BETH HOWARD BOARD MEMBER 0.50 1.00 X 0 0 0 AL HUBBARD BOARD MEMBER 0.50 1.00 X 0 0 0 BJ HYBL BOARD MEMBER 0.50 1.00 X 0 0 0 CHRISTOPHER JARNOT BOARD MEMBER 0.50 1.00 X 0 0 0 GEORGE JOHNSON BOARD MEMBER 0.50 1.00 X 0 0 0 ALEXIA JURSCHAK BOARD MEMBER 0.50 1.00 X 0 0 0 ANNE-MARIE KEANE BOARD MEMBER 0.50 1.00 X 0 0 0 SARAH MILLETT BOARD MEMBER 0.50 1.00 X 0 0 0 ELLEN MORITZ BOARD MEMBER 0.50 1.00 X 0 0 0 KAIA MORITZ BOARD MEMBER 0.50 1.00 X 0 0 0 DAM PENNINGTON BOARD MEMBER 0.50 1.00 X 0 0 0 JILL PLANCHER BOARD MEMBER 0.50 1.00 X 0 0 0 MICHAEL PRICE BOARD MEMBER 0.50 1.00 X 0 0 0 KEN SCHANZER BOARD MEMBER 0.50 1.00 X 0 0 0 MIKE SHANNON BOARD MEMBER 0.50 1.00 X 0 0 0 ROD SLIFER BOARD MEMBER 0.50 1.00 X 0 0 0 HAP STEIN BOARD MEMBER 0.50 1.00 X 0 0 0 KRISTIN TANG BOARD MEMBER 0.50 1.00 X 0 0 0 FRED TRESCA BOARD MEMBER 0.50 1.00 X 0 0 0 MARY WEBSTER BOARD MEMBER 0.50 1.00 X 0 0 0 BETSY WIEGERS BOARD MEMBER 0.50 1.00 X 0 0 0 GARY WOODWORTH BOARD MEMBER 0.50 1.00 X 0 0 0 KRISTY WOOLFOLK BOARD MEMBER 0.50 1.00 X 0 0 0 1824051 0 131457 13 0 1 0 Q-BIRD PRODUCTIONS INC 338 W 72ND ST NO 2 NEW YORK NY 10023 ARTISTIC DIRECTOR FEE 374053 MOUNTAINSIDE PRODUCTION SERVICES INC 121 S BOWER AVE PALISADE CO 81526 AV CONTRACTOR 152546 2 801004 1159425 7914487 1020997 9874916 MOUNTAIN GAMES 711310 2482226 2482226 BIRDS OF PREY 711310 2361984 2361984 VILAR PERFORMING ARTS CENTER 711310 1872915 1872915 VAIL DANCE FESTIVAL 711310 1223325 1223325 GERALD R. FORD AMPHITHEATER 711310 865600 865600 857048 857048 9663098 382218 -59269 441487 1300000 671972 628028 628028 628028 77155 801004 190864 -113709 -113709 20434551 9663098 -59269 955806 1153536 1153536 1224002 1013311 210691 3523604 1926851 863600 733153 99798 54554 23916 21328 656189 356395 221924 77870 313029 200165 62153 50711 118890 33804 73372 11714 80198 14800 65398 50601 50601 271224 271224 1002814 865000 137814 305384 95794 44957 164633 244170 112638 108265 23267 934345 754416 179929 1131904 1092076 17302 22526 279806 134530 145276 1024066 830320 193746 189164 147319 41845 PERFORMERS, TALENT & SP 2327117 2327117 PRODUCTION EXPENSE 1857522 1773440 39721 44361 AWARDS & PRIZE EXPENSES 1032903 1027927 1960 3016 CONCESSIONS & SOCIAL EX 756995 745315 4092 7588 175201 175201 18752462 14930532 2348748 1473182 1783214 4061838 876549 605101 59358 43855 13468 20344 886336 388238 22966312 10989547 12708111 11976765 11869795 11074386 489065 481065 120392 894073 28806288 29545665 1191323 969249 3882869 1996822 4547999 4391164 47372 2498755 1190844 418172 10860407 10274162 X 9804532 9786708 8141349 9484795 17945881 19271503 28806288 29545665 X 1682089 -166550 -189917 X X 0 1 X 1 0 X 9931305 5549174 9840302 9199089 9874916 44394786 9283772 3042475 9461203 9754574 9704253 41246277 19215077 8591649 19301505 18953663 19579169 85641063 2671744 2189985 3732070 3531340 3367580 15492719 2866128 237284 1830302 1441544 6375258 5537872 2427269 3732070 5361642 4809124 21867977 63773086 215476 194186 306015 547307 382218 1645202 215476 194186 306015 547307 382218 1645202 19430553 8785835 19607520 19500970 19961387 87286265 0.73060 0.64060 0.01880 0.01240 X SCHEDULE A, PART III: THE ORGANIZATION FILED A SHORT YEAR RETURN FOR THE PERIOD OCTOBER 1, 2016 TO MAY 31, 2017, EFFECTIVELY CHANGING THEIR ACCOUNTING PERIOD FROM A FISCAL YEAR ENDING SEPTEMBER 30TH TO A FISCAL YEAR ENDING MAY 31ST. IN ORDER TO PROPERLY REFLECT THE ORGANIZATION'S PUBLIC CHARITY STATUS AND PUBLIC SUPPORT FOR THE PURPOSES OF SCHEDULE A, PART III (SUPPORT SCHEDULE FOR ORGANZIATION'S DESCRIBED IN SECTION 509(A)(2)), THE ORGANIZATION IS REPORTING THEIR ACTIVITY FOR FISCAL YEARS ENDING SEPTEMBER 30, 2016, THE ACTIIVTY FOR THE SHORT YEAR ENDING MAY 31, 2017, AND THE ACTIVITY FOR FISCAL YEARS ENDED MAY 31, 2018 THROUGH 2020 FOR THE FIVE YEAR PUBLIC SUPPORT COMPUTATION ON SCHEDULE A. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20 3 879009 33479 831500 10500 4015006 670203 1 1 4609281 153422 91251 4671452 4925249 -22670 293298 4609281 3857464 1000000 276224 208439 4925249 3647167 223239 12942 3857464 3363539 348628 65000 3647167 0.00000 0.99800 0.00200 0 0 20315430 9722699 10592731 1024028 399133 624895 1145658 580064 565594 481196 287651 193545 11976765 DUE TO RELATED PARTIES 418172 418172 X 20467400 -166550 250000 83450 20383950 50601 50601 20434551 18951861 250000 250000 18701861 50601 50601 18752462 PART V, LINE 4: VAIL VALLEY FOUNDATION'S INTENDED USE OF THE PERMANENT ENDOWMENT FUND IS TO USE THE EARNINGS FROM THE INVESTED FUNDS FOR REPAIR AND MAINTENANCE EXPENSES ON THE FORD AMPHITHEATER. TEMPORARILY RESTRICTED DESIGNATED ENDOWMENTS ARE USED TO FUND EDUCATIONAL, SCHOLARSHIP, AND OTHER PROGRAMS OF THE FOUNDATION. PART X, LINE 2: VAIL VALLEY FOUNDATION (VVF) IS ORGANIZED AS COLORADO NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). VVF HAS BEEN DETERMINED TO NOT BE A PRIVATE FOUNDATION AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION. VVF IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, VVF IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. VVF FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME AND THESE TAX FILINGS ARE NO LONGER SUBJECT TO EXAMINATION FOR YEARS BEFORE 2016. NO INCOME TAXES WERE PAID DURING OR FOR THE YEARS ENDED MAY 31, 2020 AND 2019. VVF BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. VVF WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. BLACK DIAMOND BALL 878159 801004 77155 1915 70972 60224 57753 878159 801004 77155 1915 70972 60224 57753 190864 -113709 1 SMALL CHAMPIONS OF EAGLE COUNTY PO BOX 4691 VAIL CO 81658 841346280 501(C)(3) 6500 GENERAL SUPPORT VAIL MOUNTAIN SCHOOL 3000 BOOTH FALLS ROAD VAIL CO 816574631 840533775 501(C)(3) 26500 GENERAL SUPPORT BRAVO VAIL 2271 N FRONTAGE RD W UNIT C VAIL CO 81657 841074065 501(C)(3) 35000 GENERAL SUPPORT SKI & SNOWBOARD CLUB VAIL 598 VAIL VALLEY DR VAIL CO 81657 846038792 501(C)(3) 55000 GENERAL SUPPORT EAGLE VALLEY FAMILY ASSISTANCE FUND PO BOX 4711 AVON CO 81620 841244189 501(C)(3) 80000 COVID RELIEF EAGLE VALLEY COMMUNITY FOUNDATION PO BOX 1580 VAIL CO 81658 471915583 501(C)(3) 124402 COVID RELIEF WALKING MOUNTAINS SCIENCE CENTER PO BOX 9469 AVON CO 81620 841436731 501(C)(3) 205000 GENERAL SUPPORT YOUTHPOWER365 PO BOX 6550 AVON CO 81620 841442909 501(C)(3) 583500 GENERAL SUPPORT 8 0 PART I, LINE 2: VAIL VALLEY FOUNDATION'S CFO PERFORMS A FOLLOW-UP PHONE CALL WITH GRANT RECIPIENTS. BASED ON THE EXTENSIVE RELATIONSHIPS THE FOUNDATION HOLDS WITH BUSINESSES AND THE COMMUNITY, THE FOUNDATION DEEMS TO HAVE ADEQUATELY FULFILLED THE MONITORING PROCEDURES FOR GRANTEES. FOR INDIVIDUALS RECEIVING GRANTS, YOUTHPOWER365 MAINTAINS RELATIONSHIPS WITH THE STUDENTS TO HELP THEM CONTINUE THEIR EDUCATION AND FULFILL GRANT REQUIREMENTS. X X 0 0 0 1 0 0 0 1 0 MICHAEL IMHOF PRESIDENT/CHIEF EXECUTIVE OFFICER 296308 0 30000 0 0 0 0 0 11393 0 337701 0 0 0 DAVID DRESSMAN VP OF SALES 98351 0 120280 0 0 0 6243 0 10993 0 235867 0 0 0 ROBERT J FORD TREASURER & CHIEF FINANCIAL OFFICER 199119 0 20008 0 0 0 7923 0 8692 0 235742 0 0 0 DUNCAN HORNER EXECUTIVE DIRECTOR OF VPAC 188718 0 17837 0 0 0 8362 0 11193 0 226110 0 0 0 SARAH FRANKE VP OF MARKETING & OPERATIONS 165975 0 16700 0 0 0 7381 0 4417 0 194473 0 0 0 SARAH JOHNSON SVP ARTS & EDUCATION 142978 0 6000 0 0 0 6199 0 8720 0 163897 0 0 0 JESSICA STEVENS SALES DIRECTOR 67584 0 77387 0 0 0 6107 0 9710 0 160788 0 0 0 PART I, LINE 5 COMMISSIONS ARE PAID TO THE VICE PRESIDENT OF SALES BASED ON PROCUREMENT OF SPONSORSHIPS FOR VARIOUS EVENTS HELD BY THE ORGANIZATION. THE LEVEL OF COMMISSION IS BASED ON THE TYPE OF SPONSORSHIP, 10% OF THE AMOUNT FOR NEW SPONSORSHIPS AND 5% FOR REVEWAL OF SPONSORSHIPS. PART I, LINE 7 THE ORGANIZATION'S EXECUTIVE COMMITTEE ANNUALLY REVIEWS THE PERFORMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF AS IDENTIFIED BY THE COMMITTEE TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM BONUSES IS AVAILABLE AND WILL BE PAID. DURING CALENDAR YEAR ENDING DECEMBER 31, 2019, THE EXECUTIVE COMMITTEE AWARDED THE PRESIDENT/CEO, CFO, VP OF SALES, EXECUTIVE DIRECTOR OF VPAC, SALES DIRECTORS, VP OF MARKETING AND OPERATIONS, SVP ARTS AND EDCUATION, IT DIRECTOR, AND THE PR ADN GRFA DIRECTOR A BONUS BASED ON REVIEW OF THEIR PERFORMANCES AND SERVICES TO THE ORGANIZATION. A COLORADO EDUCATIONAL AND CULTURAL FACILITIES AUTHORITY 840896727 2013-01-17 5770000 REFINANCE EXISTING LOANS. 0 0 0 A 1045000 5570000 74803 5495197 2013 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 1 MORGAN STANLEY CAPITAL SERVICES 30.000000000000 0 1 0 0 1 A 0 X 24 356298 COST OR SELLING PRICE X APPAREL, MISC. GIFTS, TRANSPORTAION 133 664699 COST OR SELLING PRIC 0 0 1 0 PART I, COLUMN (B): VAIL VALLEY FOUNDATION IS REPORTING THE TOTAL NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 1 VAIL VALLEY FOUNDATION IS MANAGED BY AN EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE INCLUDES THE CHAIRMAN OF THE BOARD, THE PRESIDENT/CEO, AND TEN ADDITIONAL BOARD MEMBERS APPOINTED BY THE BOARD OF DIRECTORS. EXCEPT AS OTHERWISE PROVIDED BY LAW, THE ARTICLES AND BYLAWS OF THE VAIL VALLEY FOUNDATION, THE EXECUTIVE COMMITTEE SHALL BE VESTED WITH THE POWERS OF THE BOARD OF DIRECTORS IN THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY THE AUDIT/FINANCE COMMITTEE CHAIR AND THE CHIEF FINANCIAL OFFICER BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL OFFICERS, DIRECTORS, AND OTHER TOP MANAGEMENT OFFICIALS. THE EXISTENCE OF ANY POTENTIAL CONFLICT OF INTEREST SHALL BE DISCLOSED TO THE CFO AND/OR BOARD OF DIRECTORS, WHO SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IN THE EVENT A CONFLICT OF INTEREST DOES EXISTS, THE CFO AND/OR BOARD OF DIRECTORS WILL DETERMINE WHETHER OR NOT THE INDIVIDUALS WITH THE CONFLICT SHOULD BE RECUSED FROM THE DELIBERATION ON THE MATTER AND WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR AND REASONABLE TO THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR TOP MANAGEMENT OFFICIALS, KEY EMPLOYEES, AND OTHER OFFICERS IS REVIEWED BY THE EXECUTIVE COMMITTEE, WHICH IS MADE UP OF BOARD MEMBERS, ON AN ANNUAL BASIS. THE COMMITTEE MEETS AT THE END OF THE YEAR TO DETERMINE COMPENSATION ADJUSTMENTS. PRIOR TO MEETING, THE CFO PROVIDES THE COMMITTEE WITH A PACKAGE SUMMARIZING COMPENSATION INFORMATION. AT THE MEETING THE EXECUTIVE COMMITTEE REVIEWS, MODIFIES AND/OR APPROVES THE COMPENSATION PACKAGE AS WELL AS COMPARES COMPENSATION LEVELS OF THE ABOVE MENTIONED POSITIONS TO THAT OF SIMILAR POSITIONS IN OTHER ORGANIZATIONS COMPARABLE TO VAIL VALLEY FOUNDATION IN THEIR DETERMINATION TO APPROVE ANY COMPENSATION ADJUSTMENTS FOR THE CEO, KEY EMPLOYEES, AND OTHER OFFICERS FOR THE UPCOMING YEAR. FORM 990, PART VI, SECTION C, LINE 19 VAIL VALLEY FOUNDATION MAKES IT GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -189,917. FORM 990 PART XII LINE 2C: NO CHANGE. VILAR CENTER ARTS FOUNDATION PO BOX 3822 AVON CO 81620 841316133 PROMOTE AN APPRECIATION OF THE ARTS CO 501(C)(3) LINE 7 VAIL VALLEY FOUNDATION 1 YOUTHPOWER365 PO BOX 6550 AVON CO 81620 841442909 PREPARE CHILDREN IN NEED FOR SUCCESS IN LIFE THROUGH EDUCATION CO 501(C)(3) LINE 7 VAIL VALLEY FOUNDATION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 YOUTHPOWER365 Q 2507764 COST YOUTHPOWER365 B 583500 COST YOUTHPOWER365 R 205638 COST