2017-05-11T17:42:19-05:00 2016-09-30 450250958 EIDE BAILLY LLP 5299 DTC BLVD STE 1000 GREENWOOD VILLAGE CO 80111 990 2015-10-01 841442909 YOUTHPOWER365 YOUT 9707772015 PO BOX 6550 AVON CO 81620 ROBERT J FORD CHIEF FINANCIAL OFFICER 9709491999 2017-05-11 1 KYLE FRITCH CPA P01313374 3037705700 2017-05-11 2015 2021-01-29 14:40:06Z X ROBERT J FORD PO BOX 6550 AVON CO 81620 4407996 0 X WWW.VVF.ORG/EDUCATION/YOUTHPOWER365 X 1997 CO PREPARE CHILDREN IN NEED FOR SUCCESS IN LIFE THROUGH EDUCATION AND RECREATIONAL OPPORTUNITIES. 49 48 33 140 0 0 2465938 4001339 122003 97005 1667 1124 528296 13283 3117904 4112751 431471 367680 0 0 1787428 1873464 0 0 577898 899844 1085426 3118743 3326570 -839 786181 1170011 1287718 974672 306198 195339 981520 X TO PREPARE CHILDREN IN NEED FOR SUCCESS IN LIFE THROUGH EDUCATION AND RECREATIONAL OPPORTUNITIES. 0 0 769881 97005 POWER HOURS IS A COMPREHENSIVE APPROACH TO IMPROVING CHILDREN'S EDUCATION AND ENGAGEMENT IN SCHOOL THROUGH EXTENDED LEARNING OPPORTUNITIES THAT PLACE AN EMPHASIS ON CLOSING THE ACHIEVEMENT GAP AND HELPING CHILDREN TO BE SUCCESSFUL IN SCHOOL. 189980 184135 COMMUNITY SCHOLARSHIP PROGRAMS PROVIDED THE FINANCIAL RESOURCES FOR DISADVANTAGED YOUTH TO ATTEND COLLEGE AND PROVIDE FREE WORKSHOPS TO STUDENTS ON TOPICS OF INTEREST, SUCH AS INTERVIEWING SKILLS, CREDIT AND FINANCE, RESUME WRITING AND DEFINING SUCCESS. 183545 183545 THE SUCCESS AT SIX PROGRAM PARTNERS DIRECTLY WITH THE EAGLE COUNTY SCHOOL DISTRICT AND GRANTS SCHOLARSHIPS TO FAMILIES IN NEED WHO WISH TO HAVE THEIR CHILD ATTEND A QUALIFIED FULL-DAY KINDERGARTEN PROGRAM. 1511048 YOUTHPOWER365'S OTHER PROGRAMS IMPACT THE LIVES OF YOUNG PEOPLE BY PROVIDING SOCIAL, PHYSICAL AND EDUCATIONAL PROGRAMS EMPHASIZING CORE VALUES THAT PROMOTE CHARACTER DEVELOPMENT 1511048 2654454 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 34 0 1 33 1 0 0 0 0 0 1 1 0 0 0 0 X 49 48 1 1 0 0 0 1 0 1 0 0 0 0 1 1 1 1 1 0 0 0 CO X ROBERT J FORD 9707772015 90 BENCHMARK ROAD STE 300 AVON CO 81620 X CECILIA FOLZ PRESIDENT/CEO (THRU 10/2015) 10.00 45.00 X X 0 493426 8996 MIKE IMHOF PRESIDENT/CEO (FROM 10/2015) 10.00 45.00 X X 0 405791 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 JUDITH 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 STEVEN COYER BOARD MEMBER 0.50 1.00 X 0 0 0 JACK CROSBY BOARD MEMBER 0.50 1.00 X 0 0 0 ANDREW DALY BOARD MEMBER 0.50 1.00 X 0 0 0 RONALD DAVIS BOARD MEMBER 0.50 1.00 X 0 0 0 WILLIAM ESREY BOARD MEMBER 0.50 1.00 X 0 0 0 JOHANNES FAESSLER BOARD MEMBER 0.50 1.00 X 0 0 0 TIMOTHY FINCHEM BOARD MEMBER 0.50 1.00 X 0 0 0 PETER FRECHETTE BOARD MEMBER 0.50 1.00 X 0 0 0 STEPHEN 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 GRANSHAMMER BOARD MEMBER 0.50 1.00 X 0 0 0 MARTHA HEAD BOARD MEMBER 0.50 1.00 X 0 0 0 MIKE HERMAN BOARD MEMBER 0.50 1.00 X 0 0 0 ALLAN HUBBARD BOARD MEMBER 0.50 1.00 X 0 0 0 WILLIAM 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 J DOUGLAS RIPPETO BOARD MEMBER 0.50 1.00 X 0 0 0 RICHARD ROTHKOPF BOARD MEMBER 0.50 1.00 X 0 0 0 KENNETH SCHANZER BOARD MEMBER 0.50 1.00 X 0 0 0 MICHAEL SHANNON BOARD MEMBER 0.50 1.00 X 0 0 0 STANLEY SHUMAN BOARD MEMBER 0.50 1.00 X 0 0 0 RODNEY 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 10.00 45.00 X 0 70846 5519 0 970063 24512 0 0 1 0 EAGLE COUNTY SCHOOL DISTRICT PO BOX 81631 EAGLE CO 81631 YOUTH PROGRAMS SERVICES 361493 CELEBRATE THE BEAT PO BOX 1974 ASPEN CO 81612 YOUTH PROGRAMS SERVICES 119360 2 832265 1128216 132455 1908403 214270 4001339 PROGRAM REVENUE 611710 97005 97005 97005 1124 1124 308528 832265 295245 13283 13283 4112751 97005 0 14407 183545 183545 184135 184135 1617582 1475695 141887 149765 117462 32303 106117 63647 42470 11919 11919 13000 13000 242239 214548 27691 55026 55026 53645 6693 36470 10482 3285 3285 69821 69541 280 133087 119342 10377 3368 6610 1429 5181 18638 9454 4592 4592 PROGRAM SUPPLIES 175595 175513 82 BAD DEBT 27103 27103 TRAINING 14348 7776 6572 DUES & SUBSCRIPTIONS 1219 1219 259891 5075 254816 3326570 2654454 94218 577898 843580 1032549 212079 279257 5644 122227 84781 46276 37446 898 0 1170011 1287718 92515 155386 0 9975 882157 140837 974672 306198 X 296555 195339 684965 195339 981520 1170011 1287718 786181 0 X 0 1 X 1 0 X 2063662 2902648 3651336 2465938 4001339 15084923 2063662 2902648 3651336 2465938 4001339 15084923 2102698 12982225 1716 950 605 1134 1124 5529 15090452 1991354 0.86030 0.91240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 195339 195339 936563 3388351 1667 4131242 195339 92505 3876185 605 404283 2628449 936563 321234 3225280 950 213615 3241344 92505 76011 2240006 201570 1793213 321234 0 0 122227 84781 37446 37446 DUE TO VAIL VALLEY FOUNDATION 140837 140837 X 4160987 48236 48236 4112751 0 4112751 3374806 48236 48236 3326570 0 3326570 PART X, LINE 2: THE FOUNDATION, VCAF AND YOUTHPOWER 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). THE 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). VCAF AND YOUTHPOWER 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. VCAF AND YOUTHPOWER 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. THE 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. 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 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. STAR DANCING GALA 1028815 780315 248500 59629 65394 124672 1393 FASHION SHOW 79719 51950 27769 33815 2 32259 32259 10342 1140793 832265 308528 59629 65394 124672 45550 295245 13283 1 EAGLE COUNTY SCHOOL DISTRICT 948 CHAMBERS AVE EAGLE CO 81631 846012253 GOVERNMENT ENTITY 183545 SCHOLARSHIPS TO FAMILIES IN EAGLE COUNTY IN NEED FOR QUALIFIED FULL-DAY KINDERGARTEN 1 0 STUDENT TUITION AND BOOK FEES 87 184135 PART I, LINE 2: STUDENTS MUST SUBMIT THEIR TRANSCRIPTS AND PROOF OF ENROLLMENT PRIOR TO RECEIVING THEIR SCHOLARSHIP AWARD. SELECTIONS ARE BASED ON DONOR REQUIREMENTS WITH YOUTHPOWER365 PERFORMING STUDENT INTERVIEWS AND REPORTING THESE BACK TO THE DONOR OF THE SCHOLARSHIP, WHO THEN MAKES THE FINAL DEISION ON THE SCHOLARSHIP AWARD. THE SUCCESS AT SIX PROGRAM PARTNERS DIRECTLY WITH THE EAGLE COUNTY SCHOOL DISTRICT AND GRANTS SCHOLARSHIPS TO FAMILIES IN NEED WHO WISH TO HAVE THEIR CHILD ATTEND A QUALIFIED FULL-DAY KINDERGARTEN PROGRAM. YOUTHPOWER365 WORKS DIRECTLY WITH THE EAGLE COUNTY SCHOOL DISTRICT FOR DETERMINATION OF THE AMOUNT OF GRANT FUNDS TO BE DISTRIBUTED. GRANT FUNDS ARE PAID DIRECTLY TO THE SCHOOL DISTRICT WHO THEN APPLIES THE FUNDS TO THE APPROPRIATE INDIVIDUAL. NO FOLLOW UP IS DEEMED NECESSARY. 0 0 0 0 0 0 0 0 0 CECILIA FOLZ PRESIDENT/CEO (THRU 10/2015) 0 320926 0 172500 0 0 0 2500 0 6496 0 502422 0 0 MIKE IMHOF PRESIDENT/CEO (FROM 10/2015) 0 193749 0 212042 0 0 0 0 0 9997 0 415788 0 0 PART I, LINE 3 YOUTHPOWER365 RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE OF THESE METHODS TO ESTABLISH THE COMPENSATION OF OFFICERS. X GIFT CERT.,GOODS, OTHER ITEMS 37 214270 COST OR SELLING PRIC 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE PRESIDENT AND CHIEF FINANCIAL OFFICER ARE EMPLOYED BY VAIL VALLEY FOUNDATION, A RELATED EXEMPT ORGANIZATION. MEMBERS OF THE BOARD ARE ALSO MEMBERS OF THE BOARD OF DIRECTORS OF VAIL VALLEY FOUNDATION. THEREFORE, BUSINESS RELATIONSHIPS EXIST BETWEEN THESE INDIVIDUALS. FORM 990, PART VI, SECTION A, LINE 3 YOUTHPOWER365 (YP) ENTERED INTO A MANAGEMENT PLAN WITH VAIL VALLEY FOUNDATION (VVF), A RELATED ORGANIZATION, IN WHICH VVF ASSUMED THE MANAGEMENT AND ADMINISTRATIVE DUTIES OF YP. INCLUDED IN THIS AGREEMENT, VVF AND YP RECONSTITUTED THEIR BOARD OF DIRECTORS. EACH ENTITY OPERATES SEPARATELY UNDER A COMMON BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A YOUTHPOWER365'S BOARD OF DIRECTORS ARE ALSO THE BOARD OF DIRECTORS OF VAIL VALLEY FOUNDATION, A RELATED TAX-EXEMPT ORGANIZATION. PART VI, LINE 6 AND LINES 7A-B: ALTHOUGH YOUTHPOWER365 DOES NOT HAVE ANY MEMBERS OR STOCKHOLDERS, THEIR BOARD OF DIRECTORS ARE ELECTED BY VAIL VALLEY FOUNDATION (VVF), A RELATED NONPROFIT ORGANIZATION. EACH BOARD MEMBER SERVING ON THE VVF'S BOARD OF DIRECTORS SHALL AT THE SAME TIME SERVE AS MEMBERS OF THE BOARD OF DIRECTORS OF THE YOUTHPOWER365. FORM 990, PART VI, SECTION A, LINE 8B YOUTHPOWER365 DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. 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 THE TOP MANAGEMENT OFFICIAL, TOP FINANCIAL OFFICIAL, OTHER OFFICERS, AND KEY EMPLOYEES ARE COMPENSATED BY VAIL VALLEY FOUNDATION, A RELATED ORGANIZATION, THAT HAS A COMPENSATION COMMITTEE COMPOSED OF BOARD MEMBERS THAT MEETS AT THE END OF EACH YEAR. PRIOR TO THE MEETING, THE CFO PROVIDES THE COMMITTEE WITH A PACKAGE SUMMARIZING COMPENSATION INFORMATION, WHICH CONTAINS COMPARABLE COMPENSATION DATA FOR THESE POSITIONS. AT THE MEETING THEY DETERMINE IF THEY WILL APPROVE ANY COMPENSATION ADJUSTMENTS FOR THE CEO, OTHER OFFICERS, AND KEY EMPLOYEES FOR THE UPCOMING YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS 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 FROM A RELATED ORGANIZATION 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. VAIL VALLEY FOUNDATION PO BOX 6550 AVON CO 81620 742215035 ENHANCING THE QUALITY OF LIFE IN VAIL VALLEY CO 501(C)(3) LINE 9 N/A 0 VILAR CENTER FOR THE ARTS FOUNDATION PO BOX 3822 AVON CO 81620 841316133 PROMOTE AND DEVELOP APPRECIATION OF THE ARTS IN THE VAIL VALLEY AREA CO 501(C)(3) LINE 7 VAIL VALLEY FOUNDATION 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0