2015-07-15T11:39:15-05:00 2014-09-30 450250958 EIDE BAILLY LLP 5299 DTC BLVD STE 1000 GREENWOOD VILLAGE CO 801113329 990 2013-10-01 742215035 VAIL VALLEY FOUNDATION VAIL 9709491999 PO BOX 309 VAIL CO 81658 CEIL FOLZ PRESIDENT 9709491999 2015-07-13 1 KIM C HUNWARDSEN CPA P00382889 3037705700 2015-07-13 2013 2016-02-25 16:41:14Z CEIL FOLZ PO BOX 309 VAIL CO 81658 34388458 0 X WWW.VVF.ORG X 1983 CO ENHANCING THE QUALITY OF LIFE IN VAIL VALLEY 46 45 484 427 -86987 -101804 14010443 15931314 14294340 15711928 214148 555013 -92819 -106352 28426112 32091903 559676 837889 0 0 6019949 7080762 0 0 2044943 14351413 29426500 20931038 37345151 7495074 -5253248 32320965 39749002 11653336 22205157 20667629 17543845 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 17330473 7063802 VAIL VALLEY FOUNDATION WAS THE LOCAL ORGANIZING COMMITTEE FOR THE FIS ALPINE WORLD SKI CHAMPIONSHIPS THAT WAS TO BE HELD IN VAIL/BEAVER CREEK FEBRUARY 2ND THROUGH FEBRUARY 16TH, 2015. THE CHAMPIONSHIPS WILL CONSIST OF 12 RACES (6 EACH IN MEN'S AND WOMEN'S). THIS ATHLETIC EVENT ATTRACTS A WORLD-WIDE AUDIENCE WITH PRIME TIME COVERAGE THROUGHOUT EUROPE AND WILL BE BROADCASTED THROUGHOUT THE US AS WELL. THIS EVENT PROMOTED THE TOWNS OF VAIL AND BEAVER CREEK/AVON AND WILL SHOWCASE THE QUALITY OF LIFE IN THE VAIL VALLEY. 4220954 2020767 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. 4144841 3256785 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. 6910121 837889 3370574 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. 6910121 837889 3370574 32606389 1 1 0 0 0 1 0 0 0 1 1 0 0 1 1 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 1 335 0 1 484 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 46 45 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 CO X ROBERT GAFFNEY 9707772015 90 BENCHMARK ROAD STE 300 AVON CO 81620 CECILIA FOLZ PRESIDENT/CEO 40.00 15.00 X X 300139 0 17800 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 JUDITH BERKOWITZ BOARD MEMBER 0.50 1.00 X 0 0 0 MARLENE BOLL BOARD MEMBER (THRU 3/2014) 0.50 1.00 X 0 0 0 BJORN ERIK BORGEN 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 JACK ECK BOARD MEMBER(THRU 12/2013) 0.50 1.00 X 0 0 0 WILLIAM ESREY 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 GALVIN BOARD MEMBER(THRU 12/2013) 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 ROBERT GARY BOARD MEMBER 0.50 1.00 X 0 0 0 GEORGE GILLETT JR BOARD MEMBER(THRU 7/2014) 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 MIKE HERMAN BOARD MEMBER 0.50 1.00 X 0 0 0 ROBERT HERNREICH BOARD MEMBER(THRU 12/2013) 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 YVONNE JACOBS BOARD MEMBER(THRU 12/2013) 0.50 1.00 X 0 0 0 CHRISTOPHER JARNOT BOARD MEMBER 0.50 1.00 X 0 0 0 ROBERT KATZ BOARD MEMBER 0.50 1.00 X 0 0 0 KENT LOGAN BOARD MEMBER 0.50 1.00 X 0 0 0 PETER MAY BOARD MEMBER 0.50 1.00 X 0 0 0 MICHAEL NOELL BOARD MEMBER(THRU 12/2013) 0.50 1.00 X 0 0 0 BRIAN NOLAN BOARD MEMBER 0.50 1.00 X 0 0 0 MICHAEL PRICE BOARD MEMBER 0.50 1.00 X 0 0 0 DONALD REMEY BOARD MEMBER(THRU 12/2013) 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 OSCAR TANG BOARD MEMBER 0.50 1.00 X 0 0 0 STEWART TURLEY BOARD MEMBER 0.50 1.00 X 0 0 0 STEVEN VIROSTEK BOARD MEMBER 0.50 1.00 X 0 0 0 BETSY WIEGERS BOARD MEMBER 0.50 1.00 X 0 0 0 SUSAN CAMPBELL BOARD MEMBER 0.50 1.00 X 0 0 0 JEN BRUNO BOARD MEMBER 0.50 1.00 X 0 0 0 JOHANNES FAESSLER BOARD MEMBER 0.50 1.00 X 0 0 0 GEORGE JOHNSON BOARD MEMBER 0.50 1.00 X 0 0 0 BOBBY PATTON BOARD MEMBER 0.50 1.00 X 0 0 0 FRED TRESCA BOARD MEMBER 0.50 1.00 X 0 0 0 ROBERT GAFFNEY CHIEF FINANCIAL OFFICER 40.00 15.00 X 171454 0 25048 MICHAEL IMHOF VP OF SALES & OPERATIONS 40.00 X 247093 0 25048 TINA VARDAMEN SENIOR DIRECTOR OF DEVELOPMENT 40.00 X 173889 0 2500 KRIS SABEL EXECUTIVE DIRECTOR VPAC 40.00 X 170614 0 9838 MELISA REWOLD-THUON VP EDUCATION 40.00 X 114327 0 0 DUNCAN HORNER DIRECTOR OF MARKETING 40.00 X 154353 0 25048 JOHN DAIKEN VP OF COMMUNICATIONS 40.00 X 137029 0 9838 DAVID DRESSMAN SALES MANAGER 40.00 X 198366 0 6400 KATRINA AMMER VP OPERATIONS 40.00 X 127385 0 2500 1794649 0 124020 12 0 1 0 RA NELSON LLC 51 EAGLE RD 2 AVON CO 81620 CONSTRUCTION 3749340 EPC 2015 INC 2000 M STREET NW SUITE 300 WASHINGTON DC 20036 BROADCASTING SERVICE 3258500 NUSSLI (US) LLC 6501 BLUFF ROAD INDIANAPOLIS IN 46217 CONSTRUCTION 3183642 VAIL RESORT MANAGEMENT COMPANY PO BOX 731939 DALLAS TX 75373 HOSPITALITY 1670224 CHEVO STUDIOS 4747 NATIONAL WESTERN DR STE A DENVER CO 80211 CONSTRUCTION 744758 37 433958 78724 2344000 13074632 2697325 15931314 WORLD ALPINE SKI CHAMPIONSHIPS 711310 7063802 7063802 BIRDS OF PREY 711310 3256785 3256785 VILAR PERFORMING ARTS CENTER 711310 2020767 2020767 WINTER MOUNTAIN GAMES 711310 1484675 1484675 INTERNATIONAL DANCE FESTIVAL 711310 750174 750174 1135725 1135725 15711928 288144 -86987 375131 2415444 2148575 266869 266869 266869 41628 433958 147980 -106352 -106352 32091903 15711928 -86987 535648 804496 804496 33393 33393 999489 697903 148183 153403 4830676 3740239 720125 370312 64688 64688 864361 149539 696282 18540 321548 207489 75188 38871 37003 11250 25753 23185 23185 3261595 3242640 17455 1500 1663392 1573144 64752 25496 525405 264755 228282 32368 400421 324753 75668 436678 429384 7294 1174201 1147841 20344 6016 289402 258646 23166 7590 262403 262403 793251 587305 161547 44399 910019 864043 45976 PRODUCTION 14078026 13960129 117897 IN-KIND EXPENSES 1838674 1205444 12185 621045 UNIFORMS 901115 901115 AWARDS & PRIZES 740692 740692 2091038 1462189 28637 600212 37345151 32606389 2693819 2044943 10209143 6859942 2764072 1692712 200419 451835 2076 2527 162422 651480 23383693 7969400 10701735 15414293 7147469 8627820 789951 771281 343678 5277112 32320965 39749002 1137327 7555628 1492909 2753034 5570000 5450000 137431 1122198 3315669 5324297 11653336 22205157 X 11152735 8839651 8209575 7398875 1305319 1305319 20667629 17543845 32320965 39749002 X -5253248 116330 2013134 X 0 1 X 1 0 X 2196450 5627448 11624680 14010443 15931314 49390335 5307336 15840132 11905561 14451879 15711928 63216836 7503786 21467580 23530241 28462322 31643242 112607171 1672130 3902540 2119281 3896003 2381057 13971011 1336942 4931669 5088428 7063084 581948 19002071 3009072 8834209 7207709 10959087 2963005 32973082 79634089 70934 152336 215895 324603 375131 1138899 70934 152336 215895 324603 375131 1138899 -56941 -56941 7517779 21619916 23746136 28786925 32018373 113689129 0.70050 0.61950 0.01000 0.00930 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INVESTMENT INCOME ALLOCATED TO BENEFICAL INTEREST HELD FOR RELATED PARTY SCHEDULE A, PART III: IN 2010 THE ORGANIZATION FILED A SHORT YEAR RETURN FOR THE PERIOD JANUARY 1, 2010 THROUGH SEPTEMBER 30, 2010, EFFECTIVELY CHANGING THEIR ACCOUNTING PERIOD FROM A CALENDAR YEAR END TO A FISCAL YEAR ENDING SEPTEMBER 30TH. 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 ORGANIZATIONS DESCRIBED IN SECTION 509(A)(2)) THE ORGANIZATION REPORTED THEIR ACTIVITY FOR THE SHORT YEAR ENDING SEPTEMBER 30, 2010 AND ACTIVITY FOR FISCAL YEARS ENDING SEPTEMBER 30, 2011, SEPTEMBER 30, 2012, SEPTEMBER 30, 2013, AND SEPTEMBER 30, 2014 FOR THE 5 YEAR SUPPORT COMPUTATION ON SCHEDULE A. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15 830000 631772 2107172 1 1 9654417 7601367 847080 1485996 8652653 29931 7934284 9588389 7226200 897824 323443 7734553 9654417 6819657 6783374 1105812 44726 5075728 9588389 5051156 3509929 -60681 1668831 11916 6819657 5013573 224721 180000 7138 5051156 0.16450 0.83550 0 0 20658740 5721588 14937152 2238214 1958509 279705 486739 289303 197436 15414293 DUE FROM RELATED ORGANIZATION 5260094 LONG TERM RENTAL DEPOSITS 17018 5277112 FOREIGN CURRENCY HEDGE LIABILITY 176741 INTEREST RATE SWAP LIABILITY 1125794 PAYABLE TO RELATED PARTY 4021762 5324297 X 32840599 116330 462963 282246 861539 31979060 23185 89658 112843 32091903 38364659 462963 579730 1042693 37321966 23185 23185 37345151 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: THE FOUNDATION, VILAR CENTER AND YOUTH FOUNDATION 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). VILAR CENTER AND YOUTH FOUNDATION 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 YOUTH FOUNDATION 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 2010. NO INCOME TAXES WERE PAID DURING OR FOR THE YEARS ENDED SEPTEMBER 30, 2014 AND 2013. 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ON RELATED ENTITY'S RETURN 282,246. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE ON RELATED ENTITY'S RETURN 10,934. CONTRIBUTION FROM RELATED ENTITY 78,724. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ON RELATED ENTITY'S RETURN 579,730. BLACK DIAMOND BALL 353357 334236 19121 22737 38597 28219 5472 VIDF UP CLOSE 37309 28743 8566 19299 500 900 3 84920 70979 13941 10896 8878 11151 1331 475586 433958 41628 33633 66774 39870 7703 147980 -106352 1 BRAVO VAIL VALLEY MUSIC FESTIVAL PO BOX 2270 VAIL CO 81658 841074065 501(C)(3) 137250 GENERAL SUPPORT SKI & SNOWBOARD CLUB VAIL 598 VAIL VALLEY DRIVE VAIL CO 81657 846038792 501(C)(3) 20000 GENERAL SUPPORT THE FAMILY LEARNING CENTER 31626 HIGHWAY 6 EDWARDS CO 81632 841519047 501(C)(3) 10000 GENERAL SUPPORT THE YOUTH FOUNDATION 90 BENCHMARK ROAD STE 202 AVON CO 81620 841442909 501(C)(3) 291772 GENERAL SUPPORT THE CYCLE EFFECT PO BOX 1503 EAGLE CO 81631 460961369 501(C)(3) 8000 GENERAL SUPPORT COLORADO CHILDREN'S CHORALE 2420 W 26TH AVE STE 350-D DENVER CO 80211 840682417 501(C)(3) 8500 GENERAL SUPPORT VAIL PERFORMING ARTS ACADEMY PO BOX 2300 EDWARDS CO 81632 841472671 501(C)(3) 7100 GENERAL SUPPORT WALKING MOUNTAINS SCIENCE CENTER PO BOX 9469 AVON CO 81620 841436731 501(C)(3) 65000 GENERAL SUPPORT 8 0 COLLEGE TUITION 2 2500 CAMP/SCHOOL TUITION 8 9143 ATHLETE ASSISTANCE 11 21750 PART I, LINE 2: VAIL VALLEY FOUNDATION'S CHIEF FINANCIAL OFFICER PERFORMS A FOLLOW UP PHONE CALL 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 0 0 0 0 0 0 0 1 0 CECILIA FOLZ PRESIDENT/CEO 270139 0 30000 0 0 0 2500 0 15300 0 317939 0 0 0 ROBERT GAFFNEY CHIEF FINANCIAL OFFICER 151454 0 20000 0 0 0 2500 0 22548 0 196502 0 0 0 MICHAEL IMHOF VP OF SALES & OPERATIONS 154800 0 92293 0 0 0 2500 0 22548 0 272141 0 0 0 TINA VARDAMEN SENIOR DIRECTOR OF DEVELOPMENT 153889 0 20000 0 0 0 2500 0 0 0 176389 0 0 0 KRIS SABEL EXECUTIVE DIRECTOR VPAC 150614 0 20000 0 0 0 2500 0 7338 0 180452 0 0 0 DUNCAN HORNER DIRECTOR OF MARKETING 139353 0 15000 0 0 0 2500 0 22548 0 179401 0 0 0 DAVID DRESSMAN SALES MANAGER 63994 0 134372 0 0 0 2500 0 3900 0 204766 0 0 0 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 FISCAL YEAR ENDING SEPTEMBER 30, 2014 THE COMPENSATION COMMITTEE AWARDED THE PRESIDENT/CEO, CHIEF FINANCIAL OFFICER, VP OF SALES & OPERATIONS, SENIOR DIRECTOR OF DEVELOPMENT, EXECUTIVE DIRECTOR OF VPAC, DIRECTOR OF MARKETING, AND THE SALES MANAGER 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 120000 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 19 858651 MKT VALUE ON GIFT DATE X VACATION PACK 36 966858 COST OR SELLING PRIC X TRIPS, TICKET 23 871816 COST OR SELLING PRIC 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 8B VAIL VALLEY FOUNDATION, INC. 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 CONTROLLER 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 XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -15,407. CHANGE IN VALUE OF FOREIGN CURRENCY SWAP 2,028,541. VILAR CENTER FOR THE ARTS FOUNDATION PO BOX 309 VAIL CO 81658 841316133 PROMOTE AN APPRECIATION OF THE ARTS CO 501(C)(3) LINE 7 VAIL VALLEY FOUNDATION 1 THE YOUTH FOUNDATION PO BOX 309 VAIL CO 81658 841442909 PREPARE CHILDREN IN NEED FOR SUCCESS IN LIFE THROUGH EDUCATION CO 501(C)(3) LINE 7 VAIL VALLEY FOUNDATION 1 1 1 1 0 0 0 0 0 0 0 1 1 0 1 1 0 1 0 0 VILAR CENTER FOR THE ARTS FOUNDATION A 1 COST THE YOUTH FOUNDATION B 85000 COST VILAR CENTER FOR THE ARTS FOUNDATION C 78724 COST