2017-05-11T17:42:40-05:00 2016-09-30 450250958 EIDE BAILLY LLP 7001 E BELLEVIEW AVE SUITE 700 DENVER CO 80237 990 2015-10-01 742215035 VAIL VALLEY FOUNDATION VAIL 9707772015 PO BOX 6550 AVON CO 81620 ROBERT J FORD CHIEF FINANCIAL OFFICER 9709491999 2017-05-11 1 KIM C HUNWARDSEN CPA P00382889 3037705700 2017-05-11 2015 2021-01-29 14:40:06Z ROBERT J FORD PO BOX 6550 AVON CO 81620 22381239 0 X WWW.VVF.ORG X 1983 CO ENHANCING THE QUALITY OF LIFE IN VAIL VALLEY 49 48 260 998 -56257 -56819 20578134 9931305 36278678 9187597 1135630 150774 69011 -12276 58061453 19257400 1060377 1372541 0 0 7908324 5379880 0 0 2081546 46948619 12385356 55917320 19137777 2144133 119623 28976409 29050359 11203927 9387274 17772482 19663085 X VAIL VALLEY FOUNDATION WAS CREATED FOR THE PURPOSE OF RAISING AND DISTRIBUTING FUNDS FOR CHARITABLE PURPOSES THROUGH THE ORGANIZATION OF EDUCATIONAL, CULTURAL, HISTORICAL, ARTISTIC AND ATHLETIC PERFORMANCES, EVENTS AND ATTRACTIONS FOR THE EDUCATION AND BENEFIT OF THE COMMUNITY. 0 0 4193035 1876905 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. 3236995 2059181 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. 1786296 1867520 VAIL VALLEY FOUNDATION HOLDS THE GOPRO MOUNTAIN GAMES ANNUALLY. THE EVENT IS THE COUNTRY'S LARGEST CELEBRATION OF MOUNTAIN SPORT, SOUL AND CULTURE AND OCCURS ANNUALLY DURING THE SECOND WEEKEND OF JUNE. PROFESSIONAL AND AMATEUR OUTDOOR ADVENTURE ATHLETES FROM AROUND THE WORLD CONVERGE UPON THE MOUNTAINS AND RIVERS OF VAIL TO COMPETE IN EIGHT SPORTS AND TWENTY-ONE DISCIPLINES. IN ADDITION TO THE ATHLETIC EVENTS, THE MOUNTAIN GAMES INCLUDE A MOUNTAIN PHOTOGRAPHY COMPETITION, INTERACTIVE EXHIBITION AND DEMO AREA, LIVE MUSIC, AND MOUNTAIN LIFESTYLE PARTIES. 5169685 1372541 3383991 VAIL VALLEY FOUNDATION HOSTS AND SPONSORS A VARIETY OF OTHER EVENTS IN THE VAIL VALLEY AREA. 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. 5169685 1372541 3383991 14386011 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 408 1 1 260 1 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 X 49 48 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CO X ROBERT J FORD 9707772015 90 BENCHMARK ROAD STE 300 AVON CO 81620 X CECILIA FOLZ PRESIDENT/CEO (THRU 10/2015) 40.00 15.00 X X 493426 0 8996 MICHAEL IMHOF PRESIDENT/CEO (FROM 10/2015) 40.00 15.00 X X 405791 0 9997 HARRY FRAMPTON III 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 JUDY BERKOWITZ BOARD MEMBER 0.50 1.00 X 0 0 0 JENN BRUNO BOARD MEMBER 0.50 1.00 X 0 0 0 SUSAN CAMPBELL BOARD MEMBER 0.50 1.00 X 0 0 0 STEVE COYER BOARD MEMBER 0.50 1.00 X 0 0 0 JACK CROSBY 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 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 PETE FRECHETTE BOARD MEMBER 0.50 1.00 X 0 0 0 STEVE FRIEDMAN BOARD MEMBER 0.50 1.00 X 0 0 0 JOHN GARNSEY 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 MARTHA HEAD BOARD MEMBER 0.50 1.00 X 0 0 0 MICHAEL HERMAN 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 KENT LOGAN BOARD MEMBER 0.50 1.00 X 0 0 0 DOUG LOVELL BOARD MEMBER 0.50 1.00 X 0 0 0 PETER MAY BOARD MEMBER 0.50 1.00 X 0 0 0 KAIA MORITZ BOARD MEMBER 0.50 1.00 X 0 0 0 BRIAN NOLAN BOARD MEMBER 0.50 1.00 X 0 0 0 BOBBY PATTON BOARD MEMBER 0.50 1.00 X 0 0 0 MICHAEL PRICE BOARD MEMBER 0.50 1.00 X 0 0 0 ERIC RESNICK BOARD MEMBER 0.50 1.00 X 0 0 0 DOUGLAS RIPPETO BOARD MEMBER 0.50 1.00 X 0 0 0 RICHARD ROTHKOPF 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 STANLEY SHUMAN BOARD MEMBER 0.50 1.00 X 0 0 0 ROD SLIFER BOARD MEMBER 0.50 1.00 X 0 0 0 ANN SMEAD 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 STEWART TURLEY BOARD MEMBER 0.50 1.00 X 0 0 0 BETSY WIEGERS BOARD MEMBER 0.50 1.00 X 0 0 0 ROBERT J FORD CHIEF FINANCIAL OFFICER 40.00 15.00 X 70846 0 5519 TINA VARDAMEN SENIOR DIRECTOR OF DEVELOPMENT 40.00 X 257043 0 2500 KRIS SABEL EXEUCTIVE DIRECTOR VPAC 40.00 X 173892 0 5627 DAVID DRESSMAN DIRECTOR OF SALES 40.00 X 229707 0 8996 DUNCAN HORNER VP OF MARKETING 40.00 X 175002 0 9997 MELISA REWOLD-THUON VP OF EDUCATION 40.00 X 158509 0 0 JOHN DAKIN VP OF COMMUNICATIONS 40.00 X 116706 0 4353 KATRINA AMMER VP OF OPERATIONS 40.00 X 136577 0 4353 PATRICE RINGLER DIRECTOR OF MAJOR GIFTS 40.00 X 131891 0 9997 BRIAN MULLER IT DIRECTOR 40.00 X 131595 0 5627 JESSICA STEVENS KILLINO SALES MANAGER 40.00 X 124006 0 8847 2604991 0 84809 12 0 1 0 ENCORE ELECTRIC 2107 WEST COLLEGE AVENUE ENGLEWOOD CO 80110 ELECTRICAL CONTRACT SERVICES 348650 COLORADO MOUNTAIN NEWS MEDIA PO BOX 1888 CARSON CITY NV 89702 ADVERTISING SERVICES 341526 K2 CREATIVE PRODUCTIONS PO BOX 980212 PARK CITY UT 84098 SHOW PRODUCTION SERVICES 255407 Q BIRD PRODUCTIONS INC 338 W 72ND ST 2 NEW YORK NY 10023 ARTISTIC DIRECTOR SERVICES 254484 ALPINE PARTY RENTALS LLC PO BOX 1709 EAGLE CO 81631 EVENT RENTAL SERVICES 210191 9 652372 1056300 8222633 2062934 9931305 BIRDS OF PREY 711310 2059181 2059181 VILAR PERFORMING ARTS CENTER 711310 1876905 1876905 MOUNTAIN GAMES 711310 1867520 1867520 INTERNATIONAL DANCE FESTIVAL 711310 937484 937484 GERALD R. FORD AMPHITHEATER 711310 408374 408374 2038133 2038133 9187597 215476 -56257 271733 2896941 2961643 -64702 -64702 -64702 58175 652372 107263 -49088 -49088 91745 54933 36812 36812 19257400 9187597 -56257 194755 1337616 1337616 34925 34925 1706464 1326926 243898 135640 2669071 1326018 897448 445605 11938 11938 708542 381572 237824 89146 283865 186246 56630 40989 96202 32937 63265 61576 13000 48576 34509 34509 1229282 1212993 9757 6532 927478 809769 51728 65981 563025 307166 218034 37825 103289 38853 64436 383516 352843 30673 900017 870417 17708 11892 188810 157201 20256 11353 291228 291228 995072 786583 105829 102660 196802 153863 42939 PRODUCTION 3101151 2951008 450 149693 IN-KIND EXPENSES 1265110 663594 44071 557445 OTHER EVENT EXPENSES 777773 613448 154493 9832 AWARDS & PRIZES 515715 507590 4723 3402 754801 321443 19807 413551 19137777 14386011 2670220 2081546 1476523 1211389 2953554 3243867 467165 145397 3730 4722 122280 150899 25461265 10056086 14659121 15405179 7887901 8237671 518398 510398 887737 140837 28976409 29050359 1994195 1291572 1599231 478560 5075785 4961510 1122198 1018744 1412518 1636888 11203927 9387274 X 9097576 10394113 7369587 5985675 1305319 3283297 17772482 19663085 28976409 29050359 X 119623 495648 1499702 -224370 X 0 1 X 1 0 X 11778439 14196031 16767349 20578134 9931305 73251258 12060836 14451879 15753556 36506244 9283772 88056287 23839275 28647910 32520905 57084378 19215077 161307545 2119281 3896003 2416557 3802251 2655344 14889436 2278641 7050155 555641 22442568 2866128 35193133 4397922 10946158 2972198 26244819 5521472 50082569 111224976 214857 323729 374360 279862 215476 1408284 214857 323729 374360 279862 215476 1408284 24054132 28971639 32895265 57364240 19430553 162715829 0.68360 0.67840 0.00870 0.00820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19 5 791807 564250 49500 3229640 740797 1 1 8714029 348628 5350490 65000 3647167 7934284 11223910 -603925 3700439 6108112 31689 8714029 9654417 7601367 847080 1485996 8652653 29931 7934284 9588389 7226200 897824 323443 7734553 9654417 6819657 6783374 1105812 44726 5075728 9588389 0.90000 0.10000 0 0 700000 700000 20027556 7001954 13025602 1003903 246681 757222 3030309 2245973 784336 699497 561478 138019 15405179 INTEREST RATE SWAP LIABILITY 1636888 1636888 X 20474840 495648 756301 1251949 19222891 34509 34509 19257400 19859569 756301 756301 19103268 34509 34509 19137777 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, VILAR CENTER AND YOUTHPOWER365 ARE ORGANIZED AS COLORADO NONPROFIT CORPORATIONS AND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3). VAIL VALLEY FOUNDATION HAS BEEN DETERMINED TO NOT BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VIII). VILAR CENTER AND YOUTHPOWER365 HAVE BEEN DETERMINED TO NOT BE PRIVATE FOUNDATIONS UNDER SECTION 509(A)(1) AND BOTH QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI). EACH ENTITY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITIES ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. VILAR CENTER AND YOUTHPOWER365 HAVE DETERMINED THEY ARE NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAVE NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. VAIL VALLEY FOUNDATION 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 2012. NO INCOME TAXES WERE PAID DURING OR FOR THE YEARS ENDED SEPTEMBER 30, 2016 AND 2015. VAIL VALLEY FOUNDATION 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 FINANCIAL STATEMENTS. THE ENTITIES 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. SCHEDULE D, PART V, LINE 1: DURING FISCAL YEAR ENDED SEPTEMBER 30, 2016, VAIL VALLEY FOUNDATION'S MANAGEMENT DISCOVERED AN ERROR IN THE ALLOCATION AND REPORTING OF ENDOWMENT FUNDS ON SCHEDULE D, PART V FOR VVF AND ITS RELATED ORGANIZATIONS, YOUTHPOWER365 AND VILAR CENTER FOR THE ARTS FOUNDATION. TO CORRECT THE ERROR, THE ENDOWMENT FUND ACTIVITY REPORTED ON SCHEDULE D, PART V FOR THE CURRENT REPORTING PERIOD HAS BEEN ADJUSTED ON EACH ENTITIES TAX RETURN TO PROPERLY REFLECT THE ENDING ENDOWMENT FUND BALANCES AS OF SEPTEMBER 30, 2016. THE CORRECTION OF ENDOWMENT BALANCES BETWEEN THE VVF AND ITS RELATED ORGANIZATIONS WOULD NOT HAVE CHANGED CONSOLIDATED ENDOWMENT BALANCES IN PRIOR YEARS, BUT MERELY TO WHICH RELATED ENTITY THE ENDOWMENT BALANCES WOULD HAVE BEEN ALLOCATED. BLACK DIAMOND BALL 710547 652372 58175 1270 59935 45582 476 710547 652372 58175 1270 59935 45582 476 107263 -49088 91745 53745 1188 1 0.75000 91745 53745 1188 54933 36812 CO 1 0 1 0 1.00000 HELEN GIES PO BOX 6550 AVON CO 81620 0 TAYLRE DERBY 0 THE GAMING MANAGER OVERSEES ALL ASPECTS OF THE RAFFLE. THIS INCLUDES SECURIG RAFFLE PRIZES, ORGANIZING AND MANAGING VOLUNTEERS. THE GAMING MANAGER WORKS WITH MEMBERS OF THE ORGANIZATION TO REVIEW, TABULATE AND AUDIT ALL SALES ASSOCIATED WITH THE RAFFLE. X 1 36812 1 SKI & SNOWBOARD CLUB VAIL 598 VAIL VALLEY DRIVE VAIL CO 81657 846038792 501(C)(3) 30000 GENERAL SUPPORT BRAVO VAIL VALLEY MUSIC FESTIVAL PO BOX 2270 VAIL CO 81658 841074065 501(C)(3) 70000 GENERAL SUPPORT YOUTHPOWER365 PO BOX 6550 AVON CO 81620 841442909 501(C)(3) 1128216 GENERAL SUPPORT WALKING MOUNTAINS SCIENCE CENTER PO BOX 9469 AVON CO 81620 841436731 501(C)(3) 61500 GENERAL SUPPORT 4 0 COLLEGE TUITION & BOOK ASSISTANCE 6 14500 CAMP/SCHOOL TUITION ASSISTANCE 9 10675 ATHLETE ASSISTANCE 8 9750 PART I, LINE 2: VAIL VALLEY FOUNDATION'S CHIEF FINANCIAL OFFICER AND/OR THE SCHOLARSHIP COMMITTEE DESIGNEE PERFORMS A FOLLOW UP PHONE CALL OR EMAIL COMMUNICATION WITH RECIPIENTS OF GRANTS. 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. X X 1 0 0 1 0 0 0 1 0 CECILIA FOLZ PRESIDENT/CEO (THRU 10/2015) 266719 0 172500 0 54207 0 2500 0 6496 0 502422 0 0 0 MICHAEL IMHOF PRESIDENT/CEO (FROM 10/2015) 193749 0 212042 0 0 0 0 0 9997 0 415788 0 0 0 TINA VARDAMEN SENIOR DIRECTOR OF DEVELOPMENT 183074 0 73969 0 0 0 2500 0 0 0 259543 0 0 0 KRIS SABEL EXEUCTIVE DIRECTOR VPAC 161142 0 12750 0 0 0 2500 0 3127 0 179519 0 0 0 DAVID DRESSMAN DIRECTOR OF SALES 74556 0 155151 0 0 0 2500 0 6496 0 238703 0 0 0 DUNCAN HORNER VP OF MARKETING 150002 0 25000 0 0 0 0 0 9997 0 184999 0 0 0 MELISA REWOLD-THUON VP OF EDUCATION 149009 0 9500 0 0 0 0 0 0 0 158509 0 0 0 PART I, LINE 4A CEIL FOLZ, CEO/PRESIDENT - SEVERANCE PAYMENT OF $54,207 MADE AS REQUIRED UNDER AGREEMENT WITH EMPLOYER UPON DEPARTURE FROM EMPLOYEMENT. PART I, LINE 5 COMMISSIONS ARE PAID TO THE VICE PRESIDENT OF SALES AND THE DIRECTORS 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 RENEWAL OF SPONSORSHIPS. PART I, LINE 7 THE ORGANIZATION'S COMPENSATION 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 OF BONUSES IS AVAILABLE AND WILL BE PAID. DURING CALENDAR YEAR ENDING DECEMBER 31, 2015, THE COMPENSATION COMMITTEE AWARDED THE CURRENT CEO/PRESIDENT, PAST CEO/PRESIDENT, VP OF EDUCATION, SENIOR DIRECTOR OF DEVELOPMENT, SALES MANAGER, EXECUTIVE DIRECTOR OF VPAC, VP OF MARKETING, VP OF COMMUNICATIONS, VP OF OPERATIONS, DIRECTOR OF MAJOR GIFTS, AND IT 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 405000 5570000 74803 5495197 2013 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 1 MORGAN STANLEY CAPITAL SERVICES 30.000000000000 0 0 0 0 0 A 0 X 1 53745 SELLING PRICE X 25 551295 SELLING PRICE X APPAREL, MISC. GIFTS 101 1143171 COST OR SELLING PRIC X TRIPS, LODGING, TRANSPORTATION 42 314723 COST OR SELLING PRIC 0 0 1 0 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 11 A COPY OF THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE ASSISTANT DIRECTOR OF FINANCE 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 THE 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 INDIVIDUAL 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 COMPENSATION 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 THE MEETING, THE CFO PROVIDES THE COMMITTEE WITH A PACKAGE SUMMARIZING COMPENSATION INFORMATION. AT THE MEETING THE COMPENSATION COMMITTEE REVIEWS 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 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 ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, LINE 1A: CALENDAR YEAR 2015 COMPENSATION REPORTED ON FORM 990, PART VII, LINE 1A FOR MICHAEL IMHOF REPRESENTS PAYMENTS FOR HIS SERVICES AS THE SENIOR VICE PRESIDENT OF SALES FOR THE FIRST NINE MONTHS OF YEAR AND FOR HIS SERVICES AS PRESIDENT/CEO FOR THE REMAINING THREE MONTHS OF THE YEAR. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -224,370. VILAR CENTER FOR THE 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 0 0 0 YOUTHPOWER365 B 1128216 COST