2013-12-23T10:41:16-06:00 2013-06-30 450250958 EIDE BAILLY 5299 DTC BLVD STE 1000 GREENWOOD VILLAGE CO 801113329 990 2012-07-01 840533775 VAIL MOUNTAIN SCHOOL VAIL 9704763850 3000 BOOTH FALLS ROAD VAIL CO 816574631 TOM WASHING 9704763850 2013-12-18 1 KYLE FRITCH CPA P01313374 3037705700 2013-12-18 2012 2015-11-30 17:44:51Z TOM WASHING 3000 BOOTH FALLS RD VAIL CO 81657 11970402 0 X WWW.VMS.EDU X 1962 CO PREPARE STUDENTS INTELLECTUALLY, EMOTIONALLY, AND ETHICALLY TO THRIVE IN A COLLEGIATE SETTING. 19 18 116 210 0 0 3096286 2160040 7248825 7226842 424328 443674 18817 115930 10788256 9946486 1199337 1151513 0 0 4899020 4704483 0 112802 468643 4341825 4258836 10440182 10227634 348074 -281148 44038451 45745764 25749923 26497382 18288528 19248382 THE SCHOOL'S MISSION IS TO PREPARE STUDENTS INTELLECTUALLY, EMOTIONALLY, AND ETHICALLY TO THRIVE IN A COLLEGIATE SETTING AND BEYOND WITH THE LIFE-LONG PURPOSE OF ACTIVE PARTICIPATION IN GLOBAL CITIZENSHIP. 0 0 8103453 1151513 7226842 VAIL MOUNTAIN SCHOOL PROVIDES A SOUND ACADEMIC EDUCATION IN A DYNAMIC EDUCATIONAL ENVIRONMENT TO APPROXIMATELY 343 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE. THE SCHOOL ALSO PROVIDES OPPORTUNITIES FOR PERSONAL EXPLORATION AND INTERPERSONAL GROWTH THROUGH ITS MANY CO-CURRICULAR PROGRAMS. 8103453 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 23 0 1 116 1 0 0 0 0 0 1 1 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 CO X X PETER ABUISI 9704763850 3000 BOOTH FALLS ROAD VAIL CO 816574631 TOM WASHING 10.00 X X 0 0 0 LOUISE INGALLS 10.00 X X 0 0 0 RUSSELL MOLINA 10.00 X X 0 0 0 PETER ABUISI 40.00 X X 351579 0 81987 SALLY JOHNSTON 10.00 X 0 0 0 BRUCE BOLYARD 10.00 X 0 0 0 LINDA PANCRATZ 10.00 X 0 0 0 ANN SMEAD 10.00 X 0 0 0 KRISTI FERRARO 10.00 X 0 0 0 MICHAEL SLEVIN 10.00 X 0 0 0 JOSH LAUTENBERG 10.00 X 0 0 0 JUAN CARLOS AZIZ 10.00 X 0 0 0 GLENN DAVIS 10.00 X 0 0 0 KAIA MORITZ 10.00 X 0 0 0 MARY RANDALL 10.00 X 0 0 0 ANNE MARIE KEANE 10.00 X 0 0 0 MICHELE EVANS 10.00 X 0 0 0 STEVE SPESSERD 10.00 X 0 0 0 KRISTIN TANG 10.00 X 0 0 0 MARK FENSTERMACHER 40.00 X 155000 0 10230 ADAM DUBE 40.00 X 114894 0 5787 SHARON SCHMIDT 40.00 X 113128 0 0 734601 0 98004 4 0 1 0 M&M MAINTENANCE PO BOX 3083 AVON CO 81620 CLEANING/JANITORIAL SERVICES 154770 1 240240 1919800 227510 2160040 TUITION & FEES 611600 6681001 6681001 ACTIVITY FEES 611600 521483 521483 AFTER SCHOOL PROGRAM 611600 18492 18492 5866 5866 7226842 519126 519126 89393 82361 7032 7032 7032 1759658 1835110 -75452 -75452 -75452 215343 240240 106445 108898 108898 9946486 7226842 0 559604 1151513 1151513 582606 30306 501699 50601 3071819 2633907 250232 187680 88258 78738 4407 5113 698009 548184 115308 34517 263791 191512 58562 13717 14662 14662 63011 63011 112802 112802 148494 148494 126332 30181 96105 46 124523 124523 401569 286167 92052 23350 77594 74335 2173 1086 468071 448412 13106 6553 18621 18621 41917 41917 1264978 1211849 35419 17710 819417 784681 23157 11579 119185 101743 13553 3889 STUDENT ACTIVITIES 513304 513304 BAD DEBT EXPENSE 40097 40097 DUES & SUBSCRIPTIONS 17061 17061 10227634 8103453 1655538 468643 221124 168643 462320 350013 1329173 2022682 151826 149704 49561 0 74729 79931 29881650 7321755 23255225 22559895 14411906 18471951 3667250 1548851 415337 394094 44038451 45745764 510136 604752 2822740 2784827 20581166 20617255 756171 1472650 1079710 1017898 25749923 26497382 X 16256095 16491470 1862092 2586571 170341 170341 18288528 19248382 44038451 45745764 -281148 1241002 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 178965 440 179405 178592 373 178965 180236 856 2500 178592 182654 226 2644 180236 170331 15048 2556 5281 182654 0.94950 0.05050 0 0 3313947 3313947 24013820 5399014 18614806 303646 111976 191670 1363049 1044676 318373 887188 766089 121099 22559895 TUITION BONDS PAYABLE 202500 OBLIGATION UNDER CAPITAL LEASE 50119 TERMINATION LIABILITY ON SWAP AGREEMENT 765279 1017898 X 9969842 1241002 -1151513 89489 9880353 148494 -82361 66133 9946486 9009988 82361 82361 8927627 148494 1151513 1300007 10227634 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT IS COMPRISED OF THREE INDIVIDUAL FUNDS ESTABLISHED BY DONORS TO PROVIDE ANNUAL FUNDING TO SUPPORT PROFESSIONAL DEVELOPMENT FOR TEACHERS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL IS ORGANIZED AS A 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), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(II), AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER CODE SECTION 509(A)(1). THE SCHOOL IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE SCHOOL IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE SCHOOL HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE SCHOOL 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 SCHOOL 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: ($1,151,513) - TUITION ASSISTANCE/REMISSION NETTED WITH INCOME ON FINANCIALS PART XI, LINCE 4B - OTHER ADJUSTMENTS: ($82,361) - RENTAL EXPENSES NETTED WITH INCOME ON FORM 990 PART XII, LINE 2D - OTHER ADJUSTMENTS: $1,151,513 - TUITION ASSISTANCE/REMISSION NETTED WITH INCOME ON FINANCIALS PART XII, LINCE 4B - OTHE ADJUSTMENTS: $82,361 - RENTAL EXPENSES NETTED WITH INCOME ON FORM 990 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE ASSOCIATION OF COLORADO INDEPENDENT SCHOOLS PUBLISHES THE RACIALLY NONDISCRIMINATORY POLICY ANNUALLY IN THE DENVER POST ON VAIL MOUNTAIN SCHOOL'S BEHALF PURSUANT TO THE GUIDELINES SET FORTH BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. X X X X X 0 DINI PARTNERS 55 MADISON ST STE 550 DENVER CO 80206 PROFESSIONAL FUNDRAISING 0 0 112802 -112802 112802 -112802 CO AUCTION 328983 219064 109919 2712 21058 6350 52544 HOME TOUR 126600 21176 105424 7897 15904 455583 240240 215343 2712 28955 6350 68448 106465 108878 1 SCHOLARSHIPS AND TUITION ASSISTANCE 104 1151513 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS AND OTHER AWARDS ARE COMPLETELY MONITORED INTERNALLY BY THE SCHOOL. MONEY IS NEVER PAID DIRECTLY TO A RECIPIENT; RATHER, THE RECIPIENT'S TUITION DUE TO THE SCHOOL IS REDUCED BY THE AMOUNT OF THE AWARD OR SCHOLARSHIP. THE FINANCIAL AID COMMITTEE HAS THREE MEMBERS AND IT MEETS TO REVIEW THE MATERIALS PROVIDED BY THE FAMILIES APPLYING FOR FINANCIAL AID. THE COMMITTEE USES FAST (FINANCIAL AID SCHOOL TUITION) WHO RECEIVES AN APPLICATION AND PROCESSES THAT INFORMATION INTO A FORM THAT IS SENT TO THE SCHOOL WITH A RECOMMENDATION OF A POTENTIAL AWARD. THE COMMITTEE REVIEWS THE FAMILIES' INCOME TAX RETURN (FORM 1040) ALONG WITH THE FAST FORM AND MAKES AN AWARD DETERMINATION. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 PETER ABUISI 291785 0 0 0 59794 0 75000 0 10101 0 436680 0 0 0 MARK FENSTERMACHER 155000 0 0 0 0 0 4650 0 6776 0 166426 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES A HOUSING ALLOWANCE, A HEALTH CLUB MEMBERSHIP, AND AN AUTOMOBILE ALLOWANCE. THE BENEFITS PROVIDED ARE TREATED AS TAXABLE COMPENSATION AND INCLUDED ON THE W-2. A COLORADO EDUCATIONAL & CULTURAL FACILITIES AUTHORITY 840896727 19645DBL5 2010-03-01 21255000 REFUND THE OUTSTANDING REVENUE BONDS SERIES 2003 0 0 0 A 21255000 438572 20816428 2010 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 X 9218 COST X 3 69600 SELLING PRICE X VACATIONS & EVENTS 16 79750 COST X GIFT CERT., MERCHANDISE & OTHER ITEMS 160 68942 COST 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 AN UNREDACTED COPY OF THE 990 IS REVIEWED BY THE AUDIT COMMITTEE AND APPROVED PRIOR TO REVIEW BY THE FULL BOARD. A REDACTED COPY OF THE 990 IS SENT ELECTRONICALLY TO THE ENTIRE GOVERNING BODY FOR REVIEW. THE BOARD RECEIVES A COPY OF THE FORM 990 WITHOUT SCHEDULE B DONOR NAMES AND ADDRESS, IN ORDER TO PROTECT THE PRIVACY OF DONORS. THE AUDIT COMMITTEE PRESENTS THE REDACTED 990 AT THE BOARD MEETING AND FORMAL APPROVAL IS RECEIVED BEFORE THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES AND TOP ADMINISTRATORS SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. IT IS REVIEWED BY LEGAL COUNSEL AND EXPLAINED IN DETAIL. THE BUSINESS MANAGER AND HEAD OF SCHOOL, ALONG WITH THE SCHOOL TREASURER MONITOR COMPLIANCE WITH THE POLICY THROUGHOUT THE YEAR. IF CONFLICTS ARE DETERMINED, THE PERSON WITH THE CONFLICT IS EXCLUDED FROM THE MEETING/DECISION AND WILL REFRAIN FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL AND OTHER TOP MANAGEMENT OFFICIALS IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE MEETS THREE TIMES A YEAR TO REVIEW THE SALARY MEAN AND BENEFITS FOR FACULTY OF OTHER SCHOOLS AND SCHOOL ORGANIZATIONS. COMPENSATION INFORMATION FROM NAIS'S EXECUTIVE COMPENSATION ONLINE SERVICES, ACIS, EAGLE & SUMMIT COUNTY SCHOOLS, PEER SCHOOLS, AND ARTICLES COVERING INDEPENDENT SCHOOL IS USED TO DETERMINE COMPENSATION AMOUNTS. A REVIEW WAS LAST COMPLETED IN JULY 2012. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE ORGANIZATION ALSO PLACES THE ANNUAL REPORT ON ITS WEBSITE.