2013-12-13T12:13:00-06:00 2013-06-30 STOCKMAN KAST RYAN & CO LLP 102 N CASCADE AVENUE SUITE 400 COLORADO SPRINGS CO 80903 990 2012-07-01 840423922 THE FOUNTAIN VALLEY SCHOOL OF COLORADO % JANET REFIOR FOUN 7193907035 6155 FOUNTAIN VALLEY SCHOOL ROAD Suite COLORADO SPRINGS CO 80911 JANET REFIOR 7193907035 2013-12-10 true DOREEN B MERZ 7196301186 2012 2016-03-07 17:11:31Z William V Webb 6155 Fountain Valley School Rd COLORADO SPRINGS CO 80911 15884713 false X WWW.FVS.EDU X 1930 CO THE FOUNTAIN VALLEY SCHOOL OF COLORADO IS DEDICATED TO PROVIDING A RIGOROUS COLLEGE-PREPRATORY CURRICICULUM IN ACADEMICS, ATHLETICS, AND THE ARTS. 26 26 193 0 10241 2584527 2206326 9189734 9634782 846294 568172 81660 314012 12702215 12723292 1874610 2072799 0 0 5536777 5464337 54931 72755 855862 7002941 6362612 14469259 13972503 -1767044 -1249211 54451544 56680971 9066911 8024558 45384633 48656413 X THE FOUNTAIN VALLEY SCHOOL OF COLORADO IS DEDICATED TO PROVIDING A RIGOROUS COLLEGE-PREPRATORY CURRICULUM IN ACADEMICS, - CONTINUED ON SCHEDULE O false false 8976018 2072799 9885216 THE FOUNTAIN VALLEY SCHOOL PROVIDES INSTRUCTION TO STUDENTS; SERVICES TO STUDENTS SUCH AS HOUSING, ATHLETICS, INFIRMARY, AND COUNSELING; FOOD SERVICES; AND SCHOLARSHIPS. 8976018 true true false false false false false false false true true true false false true true true false true false false false false true false false false false true true false false false false false false false false true false false false false false false false false true 32 0 193 true true true false false false false false false false false false X 26 26 false false false false false false false true true false false true true true true true true true true false X JANET REFIOR 7193907035 6155 FOUNTAIN VALLEY SCHOOL ROAD COLORADO SPRINGS CO 80911 Gregory Osborne 1.0 X X 0 0 0 David Street 1.0 X X Julie A Chesley 1.0 X X FISHER HOWE 1.0 X SHANE A JOHNSON 1.0 X HENRY P MORSE JR 1.0 X MARY LOU MULLIN 1.0 X JONATHON T PATTEN 1.0 X DUKE PHILLIPS 1.0 X ROBERT E TONSING MD 1.0 X JOSEPHINE T PARR 1.0 X IAN GRIFFIS 1.0 X MAUREEN S SCHULTZ 1.0 X JAMES WEBSTER 1.0 X W Jerome Frautschi 1.0 X Robert Henderson 1.0 X Benjamin Howe 1.0 X James Scott 1.0 X Neil Albert 1.0 X William Andres 1.0 X Bonnie Bertram 1.0 X Grace Blea-Nunez 1.0 X Jolene Lane 1.0 X Peter Packard 1.0 X Katrina Presti 1.0 X Thomas Reagan 1.0 X Joseph Wheeling 1.0 X CRAIG LARIMER 40.0 X 139782 27324 Janet Refior 40.0 X 62337 5163 Joy Kliewer 40.0 X 103640 16174 305759 0 48661 2 false true false 0 2206326 177730 2206326 TUITION AND FEES 900099 9356927 9356927 SUMMER PROGRAMS 900099 47034 47034 RIDING PROGRAM 900099 124353 124353 STUDENT ACTIVITIES 900099 106468 106468 9634782 111107 10241 100866 0 0 168734 375830 -207096 0 -207096 -207096 2985663 0 2512514 16084 473149 -16084 457065 457065 0 0 378184 256993 121191 121191 GCLI PROGRAM 900099 155605 155605 MISCELLANEOUS 900099 106829 94829 12000 INSURANCE CLAIM SETTLEMENT 900099 137483 137483 399917 12723292 9885216 10241 621509 0 2072799 2072799 0 0 309823 181850 99828 28145 0 3959652 2273957 1314960 370735 257840 151339 83078 23423 619423 363570 199583 56270 317599 186415 102333 28851 15337 10995 4342 61689 61689 40856 40856 0 72755 72755 50936 50936 102031 18228 83803 225607 775 88858 135974 588650 240510 315957 32183 100429 100429 0 1414949 1156222 243057 15670 205533 24915 95775 84843 0 224541 74490 150051 105091 105091 0 1422038 1275656 146382 297196 297196 FOOD EXPENSE 740959 740959 MISCELLANEOUS 614822 211323 402740 759 BAD DEBTS 98186 98186 MEMBERSHIPS 53762 3010 48840 1912 13972503 8976018 4140623 855862 13021 1978 3140233 3341904 1307870 1203048 166126 20461 0 0 0 0 0 0 14012 12383 164412 39115 41523062 23018209 19417358 18504853 23802622 25735982 4488132 5736977 0 0 0 0 1937758 2084270 54451544 56680971 625738 408617 0 0 3493716 3370916 4795000 4115000 0 0 0 0 0 0 0 0 152457 130025 9066911 8024558 X 25005309 27601886 4050545 4430514 16328779 16624013 45384633 48656413 54451544 56680971 X -1249211 4519355 1636 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36309059 271962 5100241 2180212 39501050 37034270 589605 -582145 732671 36309059 31042114 1181394 7143293 2332531 37034270 27507441 608624 3678329 752280 31042114 38626761 2270558 -5489297 7900581 27507441 0.50392 0.44972 0.04637 true false 181550 181550 35411878 19045108 16366770 0 2508861 1635320 873541 3420773 2337781 1082992 18504853 PRIVATELY HELD COMMON STOCK 315325 F HEDGE FUNDS 4124693 F LIMITED PARTNERSHIPS 1296959 F 5736977 0 ANNUITIES PAYABLE 130025 130025 X 17891554 4519355 648907 5168262 12723292 12723292 14619774 647271 647271 13972503 13972503 PART V, LINE 4 THE FOUNTAIN VALLEY SCHOOL'S ENDOWMENT FUNDS ARE RESTRICTED PERMANENTLY OR TEMPORARILY BY DONOR INTENT AS TO PURPOSE OR TIME LIMITATION, AND ARE ACCOUNTED FOR AS SUCH IN THE BOOKS OF ACCOUNTS OF THE SCHOOL. THE DEVELOPMENT DIRECTOR OF THE SCHOOL IS PRIMARILY RESPONSIBLE FOR THIS DETERMINATION AFTER CONSULTATION WITH THE DONOR AS DOCUMENTED BY THE GIFT DECREEL. THIS IS IN TURN PROVIDED TO THE BUSINESS OFFICE OF THE SCHOOL WHERE THE CFO CONFIRMS INTENT AND ACCOUNTS FOR THE GIFT ACCORDING TO GAAP. ENDOWMENT FUNDS OF THE SCHOOL ARE GENERALLY ORGANIZED TO PROVIDE FOR PROGRAM NEEDS, FACULTY DEVELOPMENT, AND FINANCIAL AID. THE BOARD OF TRUSTEES MAY INTERNALLY RESTRICT DONOR UNRESTRICTED GIFTS AS QUASI-ENDOWMENT IN THE BEST INTERESTS OF THE SCHOOL AS DETERMINED BY THE STRATEGIC PLAN AS ADVISED BY THE FINANCE AND DEVELOPMENT COMMITTEES OF THE SCHOOL. THE BOARD AUTHORIZED SPENDING POLICY IS AN ANNUAL DRAW FROM THE ENDOWMENT LIMITED TO 5.5% OF THE VALUATION OF TOTAL ENDOWMENT FUNDS BASED ON A ROLLING TWELVE QUARTER AVERAGE. PART X, LINE 2 The School is exempt from income tax as determined by the Internal Revenue Service under Section 501(c)(3) of the Internal Revenue Code and a similar provision of state law. However, the School is subject to federal income tax on any unrelated business taxable income. The School believes that it does not have any uncertain tax positions that are material to the financial statements. The School's tax returns for the years ended June 30, 2010 through the current period remain open to examination by state and federal taxing authorities. PART XI, LINE 2d COST OF INVENTORY SOLD OFFSET AGAINST REVENUE 256,993 RENTAL EXPENSES OFFSET AGAINST REVENUE 375,830 Loss on disposal of assets reclassed to revenue 16,804 PART XII, LINE 2d COST OF INVENTORY SOLD OFFSET AGAINST REVENUE 256,993 RENTAL EXPENSES OFFSET AGAINST REVENUE 375,830 Loss on disposal of assets reclassed to revenue 16,084 ACTUARIAL LOSS ON ANNUITY OBLIGATIONS (1,636) true true true true true true true false false false false false false false false false false true SCH E, PART 1, LINE 3 A STATEMENT THAT THE FOUNTAIN VALLEY SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF RACE, RELIGION, GENDOR, OR NATIONAL ORIGIN IS POSTED IN THE RECEPTION AREA AND IS INCLUDED IN RECOMMENDATION FORMS, ETC. X X X X X X true MARTZLUNDY1200 Wall St W Lyndhurs 1200 Wall Street West Lyndhurst NJ 07071 CONSULTING false 28770 28770 CO true SCHOLARSHIPS 85 2072799 990 SCH I Part I Description of Procedure for Monitoring Use of Funds SCHOLARSHIPS ARE ONLY PROVIDED TO STUDENTS TO ASSIST WITH THE COST OF TUITION. NO CASH IS ACTUALLY DISBURSED TO STUDENTS. X X X X X false false false false false false false false false CRAIG LARIMER 139782 12194 15130 167106 X 4 118730 FMV X DONATED HORSES 6 59000 FAIR MARKET VALUE 0 false true false SCH M, PART I, COLUMN (B) Line 9 column b represents the number of unique contributions of stock. Line 25 column b represents the number of contributions. Sch M, Line 33 Only stock donations are booked as non-cash contributions to the financial statements, other non-cash donations are not assigned values by the development group and are not recorded as contributions. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION CONTINUED ATHLETICS, AND THE ARTS. OUR COMMUNITY ENDEAVORS TO FOSTER A LIFELONG LOVE OF CHALLENGE AND LEARNING IN AN ENVIRONMENT OF DIVERSITY AND MUTUAL RESPECT, AND TO PREPARE ADOLESCENTS TO BECOME INDIVIDUALS WHO ARE OPEN-MINDED, CURIOUS, COURAGEOUS, SELF-RELIANT AND COMPASSIONATE. PREPARE ADOLESCENTS TO BECOME INDIVIDUALS WHO ARE OPEN-MINDED, CURIOUS, COURAGEOUS, SELF-RELIANT AND COMPASSIONATE. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY A THIRD PARTY PREPARER WITH A DETAIL REVIEW BEING COMPLETED BY THE CFO OR OTHER SELECTED ADMINISTRATORS OF THE ORGANIZATION. A SECONDARY REVIEW IS PERFORMED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. After the audit committee approves the Form 990 a copy is distributed to the full board prior to filing. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY STATEMENT IS REVIEWED ANNUALLY BY THE BOARD OF TRUSTEES AT THE FIRST MEETING OF THE FISCAL YEAR. A DISCUSSION OF THE CONFLICT OF INTEREST POLICY IS FOLLOWED BY A QUESTION AND ANSWER TIME. ALL TRUSTEES ARE REQUIRED TO SIGN AND SUBMIT THE STATEMENT ANNUALLY. QUESTIONS ABOUT POTENTIAL CONFLICTS OF INTEREST ARE SUBMITTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND DECISION, AND MAY BE BROUGHT BEFORE THE ENTIRE BOARD FOR DISCUSSION AS DEEMED NECESSARY BY THE EXECUTIVE COMMITTEE. CONCERNS ABOUT POTENTIAL CONFLICTS, RAISED BY ORGANIZATION STAFF, ARE DIRECTED THROUGH THE HEADMASTER TO THE BOARD OF TRUSTEES. CONCERNS REGARDING A CONFLICT OF INTEREST REQUIRE A BOARD MEMBER TO RECUSE THEMSELVES FROM VOTING ON THE ISSUE IN CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DIRECTLY HIRES THE HEADMASTER OF THE SCHOOL AND DETERMINES HIS COMPENSATION PACKAGE. MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ARE RESPONSIBLE FOR NEGOTIATING COMPENSATION OF THE HEADMASTER OR MAY DELEGATE SOME ASPECTS TO THE HEADMASTER SEARCH COMMITTEE. HEADMASTER COMPENSATION IS DETERMINED BASED ON QUALIFICATIONS AND EXPERIENCE AS MEASURED AGAINST THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOL NORMS AND CONSULTATION WITH CONSULTANTS FAMILIAR WITH INDEPENDENT SCHOOLS. A WRITTEN CONTRACT (HEADMASTER'S CONTRACT) OF DUITES AND RESPONSIBILITIES ALONG WITH SALARY AND BENEFITS IS PROVIDED EACH YEAR AFTER THE ANNUAL PERFORMANCE REVIEW. THE CFO IS HIRED BY THE HEADMASTER UNDER THE ADVICE AND CONSENT OF THE BOARD OF TRUSTEES. THE CFO RECEIVES A WRITTEN CONTRACT WHICH DELINEASTES DUTIES AND RESPONSIBILITIES ALONG WITH SALARY AND RELATED BENEFITS. BENEFITS RECEIVED ARE THE SAME PACKAGE AS PRODIVED TO OTHER EMPLOYEES OF THE SCHOOL. COMPENSATION IS DETERMINED BASED ON QUALIFICATIONS AND EXPERIENCE AS MEASURED AGAINST THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOL NORMS AND CONSULATION WITH THE CONSULTANTS FAMILIAR WITH INDEPENDENT SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC AS PART OF THE 990 PUBLIC DISCLOSURE FILE. FORM 990, PART XI, LINE 9 Actuarial gain/loss on Annuities $1,636