2011-05-16T18:06:17-05:00 2010-06-30 STOCKMAN KAST RYAN & CO LLP 102 N CASCADE AVENUE SUITE 400 COLORADO SPRINGS CO 80903 990 2009-07-01 840423922 THE FOUNTAIN VALLEY SCHOOL OF COLORADO FOUN 7193907035 6155 FOUNTAIN VALLEY SCHOOL ROAD COLORADO SPRINGS CO 80911 CRAIG W LARIMER 7193907035 2011-05-16 1 7196301186 2009 2016-02-24 21:20:13Z CRAIG W LARIMER 6155 FOUNTAIN VALLEY SCHOOL ROAD COLORADO SPRINGS CO 80911 16702389 0 X WWW.FVS.EDU X 1930 CO THE FOUNTAIN VALLEY SCHOOL OF COLORADO IS DEDICATED TO PROVIDING A RIGOROUS COLLEGE-PREPRATORY CURRICULUM IN ACADEMICS, 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. 25 25 182 0 0 0 3475352 2258713 7925819 8443594 -5076360 -172126 28166 -145719 6352977 10384462 1640483 1756780 0 5641488 5529770 14912 38057 807557 5059433 5729474 12356316 13054081 -6003339 -2669619 50372311 51704958 10264008 10895497 40108303 40809461 THE FOUNTAIN VALLEY SCHOOL OF COLORADO IS DEDICATED TO PROVIDING A RIGOROUS COLLEGE-PREPRATORY CURRICULUM IN ACADEMICS, 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. 0 0 8301137 1756780 8370121 THE FOUNTAIN VALLEY SCHOOL PROVIDES INSTRUCTION TO STUDENTS; SERVICES TO STUDENTS SUCH AS HOUSING, ATHLETICS, INFIRMARY, AND COUNSELING; FOOD SERVICES; AND SCHOLARSHIPS. 8301137 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 37 0 182 1 0 0 0 0 0 0 0 0 0 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KEN L WILKINS 7193907035 6155 FOUNTAIN VALLEY SCHOOL ROAD COLORADO SPRINGS CO 80911 CRAIG LARIMER 40.00 X X 151152 0 40848 JAMES R SCOTT 1.00 X X 0 0 0 J GREGORY OSBORNE 1.00 X X 0 0 0 GREGORY L THATCHER 1.00 X X 0 0 0 PAULINE MCCAFFREY 1.00 X X 0 0 0 NEIL F ALBERT 1.00 X 0 0 0 RONENE E ANDERSON 1.00 X 0 0 0 HOYT W BACON 1.00 X 0 0 0 W KELLY DUDE 1.00 X 0 0 0 W JEROME FRAUTSCHI 1.00 X 0 0 0 ROBERT E HENDERSON 1.00 X 0 0 0 FISHER HOWE 1.00 X 0 0 0 SHANE A JOHNSON 1.00 X 0 0 0 JOLENE A LANE 1.00 X 0 0 0 CHARLES P LECOMPTE 1.00 X 0 0 0 JEFFREY K LOVELACE 1.00 X 0 0 0 EDMUND B MACDONALD 1.00 X 0 0 0 HENRY P MORSE 1.00 X 0 0 0 MARY LOU MULLIN 1.00 X 0 0 0 TRUDY R MUNSICK 1.00 X 0 0 0 JON T PATTEN 1.00 X 0 0 0 DUKE PHILLIPS 1.00 X 0 0 0 WALLACE H ROWE III 1.00 X 0 0 0 ROGER SIPPL 1.00 X 0 0 0 ROBERT C STANLEY III 1.00 X 0 0 0 DAVID H STREET 1.00 X 0 0 0 ROBERT E TONSING MD 1.00 X 0 0 0 R THAYER TUTT JR 1.00 X 0 0 0 KEN WILKINS 40.00 X 119598 0 10098 270750 0 50946 2 0 1 0 0 2258713 157707 2258713 TUITION AND FEES 900099 8287220 8287220 AUXILIARY SERVICES 900099 156374 156374 8443594 519457 519457 204332 390291 -185959 -185959 -185959 4881393 5572976 -691583 -691583 -691583 309940 354660 -44720 -44720 FEES 900099 62867 62867 MISCELLANEOUS 900099 20034 20034 HAY 900099 2059 2059 84960 10384462 8370121 0 -244372 1756780 1756780 301527 187348 89870 24309 4524668 2780220 1373054 371394 143486 89152 42766 11568 254658 158227 75901 20530 305431 189774 91034 24623 20762 20762 1078 1078 50678 50678 38057 38057 64555 64555 57462 18175 39287 192205 3311 37148 151746 684354 216306 388983 79065 86105 86105 912352 587146 316537 8669 162459 11928 76461 74070 94508 78393 16115 116807 116807 1341444 1200519 140925 280163 280163 FOOD EXPENSE 928036 928036 MISCELLANEOUS 404066 86832 317234 STUDENT SERVICES 173105 173105 BAD DEBTS 109261 109261 MEMBERSHIPS 50074 8990 37558 3526 13054081 8301137 3945387 807557 13669 14045 2335796 2922753 194972 197063 98182 98753 16354 7814 183882 246486 39700022 18950624 21400765 20749398 20404527 22246094 3969458 3444706 1754706 1777846 50372311 51704958 1819863 628643 1327118 4024491 6638167 6055000 478860 187363 10264008 10895497 X 25717056 25008634 777050 1557787 13614197 14243040 40108303 40809461 50372311 51704958 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25862410 608624 3139324 752280 28858078 36981730 2270558 -3135022 7900581 28216685 0.54420 0.42890 0.02690 1 0 69000 69000 34093092 15675263 18417829 2585553 2081849 503704 2952377 1193512 1758865 20749398 HEDGE FUNDS 2203436 C LIMITED PARTNERSHIPS 681522 C PRIVATELY HELD COMMON STOCK 559748 C 3444706 ANNUITY PAYABLE 187363 187363 10384462 13054081 -2669619 3373726 -2949 3370777 701158 14503139 3373726 744951 4118677 10384462 0 10384462 13801981 747900 747900 13054081 0 13054081 Part V, Line 4: Description of Intended Use of Endowment Funds: 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 DECREE. 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 XI, Line 8 - Other Adjustments: ACTUARIAL LOSS ON ANNUITY: -2949. Part XII, Line 2d - Other Adjustments: COST OF INVENTORY SOLD OFFSET AGAINST REVENUE: 354660. RENTAL EXPENSES OFFSET AGAINST REVENUE: 390291. ACTUARIAL LOSS ON ANNUITY OBLIGATIONS: 0. Part XIII, Line 2d - Other Adjustments: COST OF INVENTORY SOLD OFFSET AGAINST REVENUE: 354660. RENTAL EXPENSES OFFSET AGAINST REVENUE: 390291. ACTUARIAL LOSS ON ANNUITY OBLIGATIONS: 2949. 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 SCHOLARSHIPS 90 1756780 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: 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 0 0 0 0 0 0 0 0 0 CRAIG LARIMER 146655 0 4497 0 0 0 12250 0 28598 0 192000 0 0 0 X 0 N/A X 19 157707 FMV X DVDS/VHS FOR LIBRARY 2 0 N/A X EQUIPMENT 4 0 N/A X HORSES 2 0 N/A X OTHER NON-CASH 9 0 N/A 0 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): THE NUMBER OF CONTRIBUTORS FOR ALL CATEGORIES REFLECT THE NUMBER OF DONATIONS. Non Reporting of Revenue: Part I, 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 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 FINANCE COMMITTEE OF THE BOARD OF TRUSTEES, WITH A FINAL VERSION OF THE FORM 990 BEING SENT TO THE ENTIRE BOARD VIA EMAIL BEFORE THE RETURN IS FILED WITH THE IRS. 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 DUTIES 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 DELINEATES DUTIES AND RESPONSIBILITIES ALONG WITH SALARY AND RELATED BENEFITS. BENEFITS RECEIVED ARE THE SAME PACKAGE AS PROVIDED 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 CONSULTATION WITH 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 OT THE PUBLIC AS PART OF THE 990 PUBLIC DISCLOSURE FILE.