Vail Mountain School in Vail, Colorado (CO)

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Vail Mountain School
Employer Identification Number (EIN)840533775
Name of OrganizationVail Mountain School
Address3000 Booth Falls Rd, Vail, CO 81657-4631
ActivitiesPrivate school, School, college, trade school, etc.
SubsectionEducational Organization
Ruling Date12/1970
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$49,491,966
Amount of Income$25,066,133
Form 990 Revenue Amount$11,065,230
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Primary, Elementary Schools


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Amount of income in 2014: $25,066,133
This organization: 

 $25,066,133
Other organizations performing similar types of work: 

 $1,655,789

Assets in 2014: $49,491,966
This organization: 

 $49,491,966
Other organizations performing similar types of work: 

 $1,623,971

Expenses in 2014: $10,232,920
This organization: 

 $10,232,920
Other organizations performing similar types of work: 

 $1,634,473

Income to expenses ratio in 2014: 2.4
Vail Mountain School: 

 2.4
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2006: 82.0%
Vail Mountain School: 

 82.0%
Other organizations performing similar types of work: 

 78.8%

Number of employees in 2014: 117
This organization: 

 117
Other organizations performing similar types of work: 

 54

Employees paid over $100,000 in 2014: 1.7%
Vail Mountain School: 

 1.7%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 11.3%
This organization: 

 11.3%
Other organizations performing similar types of work: 

 10.1%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYesYes
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?YesYesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?YesYesYes
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoYesNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNoYes
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?NoNoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
201220132014
The number reported in Box 3 of Form 1096352343
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return126116117
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoYes
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$1,125,683$734,601$283,713
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$36,748$98,004$28,929
Total number of individuals who received more than $100,000 of reportable compensation from the organization442
Total number of independent contractors who received more than $100,000 of compensation from the organization010
Statement of Revenue
201220132014
Total revenue$10,788,256$9,946,486$11,065,230
Contributions, Gifts, Grants and Other Similar Amounts$3,096,286$2,160,040$1,250,121
Program Service Revenue$7,248,825$7,226,842$7,815,933
611600$6,667,594$6,681,001$7,140,610
611600$532,656$521,483$649,213
611600$16,825$18,492$14,419
All other program service revenue$31,750$5,866$11,691
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$546,719$519,126$583,355
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$-7,128$7,032$82,624
Gross rents (Real / Personal)$75,885 / $0$89,393 / $0$101,823 / $0
Less: rental expenses (Real / Personal)$83,013 / $0$82,361 / $0$19,199 / $0
Rental income or (loss) (Real / Personal)$-7,128 / $0$7,032 / $0$82,624 / $0
Net gain/loss from sales of assets other than inventory$-122,391$-75,452$1,332,179
Gross amount from sales of assets other than inventory (Securities / Other)$1,596,085 / $0$1,759,658 / $0$15,162,626 / $23,327
Less: cost or other basis and sales expenses (Securities / Other)$1,718,476 / $0$1,835,110 / $0$13,850,373 / $3,401
Gain or (loss) (Securities / Other)$-122,391 / $0$-75,452 / $0$1,312,253 / $19,926
Net income/loss from fundraising events$25,945$108,898$-38,489
Gross income from fundraising events$130,395$215,343$67,978
Less: direct expenses$104,450$106,445$106,467
Net income/loss from gaming activities$0$0$39,507
Gross income from gaming activities$0$0$60,970
Less: direct expenses$0$0$21,463
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201220132014
Total functional expenses$10,440,182$10,227,634$10,232,920
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$1,199,337$1,151,513$1,054,167
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$529,749$582,606$447,938
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$3,238,990$3,071,819$3,278,731
Pension plan accruals and contributions$92,381$88,258$93,682
Other employee benefits$731,308$698,009$728,736
Payroll taxes$306,592$263,791$285,287
Fees for services (non-employees)
Management$0$0$0
Legal$12,537$14,662$16,342
Accounting$52,092$63,011$65,150
Lobbying$0$0$0
Professional fundraising services$0$112,802$6,599
Investment management fees$134,382$148,494$158,098
Other$124,281$126,332$75,657
Advertising and promotion$28,255$124,523$0
Office expenses$531,205$401,569$228,530
Information technology$108,786$77,594$40,842
Royalties$0$0$0
Occupancy$467,718$468,071$423,644
Travel$0$18,621$11,500
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$59,038$41,917$77,011
Interest$1,429,215$1,264,978$1,257,329
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$741,344$819,417$913,158
Insurance$104,870$119,185$119,928
Other expenses$399,465$513,304$424,809
Other expenses$114,347$40,097$336,337
Other expenses$16,805$17,061$177,718
Other expenses$16,230$0$11,727
Balance Sheet
201220132014
Total assets$44,038,451$45,745,764$49,491,966
Cash - non-interest-bearing$221,124$168,643$0
Savings and temporary cash investments$462,320$350,013$165,935
Pledges and grants receivable, net$1,329,173$2,022,682$1,239,272
Accounts receivable, net$151,826$149,704$195,339
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$49,561$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$74,729$79,931$130,884
Land, buildings, and equipment: cost or other basis$23,255,225$22,559,895$22,178,286
Investments - publicly traded securities$14,411,906$18,471,951$22,713,014
Investments - other securities$3,667,250$1,548,851$1,500,428
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$415,337$394,094$1,368,808
Total liabilities$25,749,923$26,497,382$28,330,640
Accounts payable and accrued expenses$510,136$604,752$725,875
Grants payable$0$0$0
Deferred revenue$2,822,740$2,784,827$3,536,486
Tax-exempt bond liabilities$20,581,166$20,617,255$20,298,344
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$50,000
Unsecured notes and loans payable to unrelated third parties$756,171$1,472,650$2,850,989
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$1,079,710$1,017,898$868,946
Total net assets or fund balances$18,288,528$19,248,382$21,161,326
Unrestricted net assets$16,256,095$16,491,470$18,647,424
Temporarily restricted net assets$1,862,092$2,586,571$2,343,561
Permanently restricted net assets$170,341$170,341$170,341
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20022006
Total revenue$20,179,069$7,374,518
Contributions, gifts, grants, and similar amounts received$17,063,920$1,084,706
Contributions to donor advised funds$0
Direct public support$17,063,920$1,084,706
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$2,696,334$4,679,498
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$4,277
Dividends and interest from securities$41,933$233,454
Net rental income or (loss)$22,415$54,152
Gross rents$22,415$54,152
Less: rental expenses$0$0
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$-4,483$972,637
Gross amount from sales of assets other than inventory$0$9,521,751
Less: cost or other basis and sales expenses$4,483$8,549,114
Net income or (loss) from special events and activities$274,985$310,008
Gross revenue$353,599$310,008
Less: direct expenses other than fundraising expenses$78,614$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$83,965$35,786
Total expenses$4,457,431$7,697,199
Program services$4,387,547$6,312,159
Management and general$69,884$1,001,440
Fundraising$0$383,600
Payments to affiliates$0$0
Net assets or fund balances at end of year$19,610,528$28,102,349
Excess or (deficit) for the year$15,721,638$-322,681
Net assets or fund balances at beginning of year$3,747,305$26,578,386
Other changes in net assets or fund balances$141,585$1,846,644
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$7,697,199$6,312,159$1,001,440$383,600
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$274,652$0$274,652$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$2,993,954$2,526,162$256,507$211,285
Pension plan contributions not included above$63,077$54,130$4,390$4,557
Employee benefits not included above$600,796$471,981$90,119$38,696
Payroll taxes$238,715$186,195$35,808$16,712
Professional fundraising fees$0$0$0$0
Accounting fees$30,501$0$30,501$0
Legal fees$4,554$0$4,554$0
Supplies$159,260$139,562$19,275$423
Telephone$19,706$0$19,706$0
Postage and shipping$17,840$0$17,840$0
Occupancy$440,154$427,830$6,162$6,162
Equipment rental and maintenance$0$0$0$0
Printing and publications$52,060$39,045$13,015$0
Travel$36,209$36,209$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$885,623$790,330$83,910$11,383
Depreciation, depletion, etc.$860,685$836,585$12,050$12,050
Other expenses not covered above$1,019,413$804,130$132,951$82,332
Balance Sheets
20022006
Total assets$41,341,939$51,890,190
Cash - non-interest-bearing$0$41,569
Savings and temporary cash investments$15,803,323$0
Accounts receivable less allowance for doubtful accounts$1,946,355$144,280
Pledges receivable less allowance for doubtful accounts$6,643,821$4,417,605
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$4,000$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$2,500$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$274,313$582,002
Investments - publicly-traded securities$11,234,345
Investments - other securities$0$7,654,215
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$8,376,301$0
Land, buildings, and equipment less accumulated depreciation$8,291,326$26,811,290
Other assets, including program-related investments$0$1,004,884
Total liabilities$21,731,411$23,787,841
Accounts payable and accrued expenses$1,004,072$284,268
Grants payable$0$0
Deferred revenue$205,695$1,132,395
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$35,007$1,976,178
Other liabilities$20,486,637$20,395,000
Total liabilities and net assets/fund balances$41,341,939$51,890,190
Total net assets or fund balances$19,610,528$28,102,349
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20022006
Total revenue$20,179,069$7,374,518
Total revenue, gains, and other support per audited financial statements$20,320,654$9,161,959
Other expenses$141,585$1,846,644
Net unrealized gains on investments$141,585$1,615,801
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$230,843
Other revenue$0$59,203
Investment expenses$0$59,203
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20022006
Total expenses$4,457,431$7,697,199
Total expenses and losses per audited financial statements$4,457,431$7,637,996
Other revenue$0$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$0$0
Other expenses$0$59,203
Investment expenses$0$59,203
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings16
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200673
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,610,314$4,679,498
Program service revenue
Program service revenue 1000000$000$0$4,495,377
Program service revenue 2000000$000$0$184,121
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$4,277$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$233,454$0
Net rental income or (loss) from real estate
debt-financed property000000$0Income exempt from debt-financed (section 514) provisions because at least 85% of the use of the property is for the organization's exempt purposes (Note: This code is only for income from the 15% or less non-exempt purpose use.) (section 514(b)(1)(A))$26,781$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$0Rent from personal property leased with real property and incidental (10% or less) in relation to the combined income from the real and personal property (section 512(b)(3))$27,371$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$972,637$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$310,008$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$35,786$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$119,462$0$0
$108,120$3,481$0
$78,750$2,457$0
$74,025$2,332$0
$72,000$2,268$0
Total number of other employees paid over $50,00018
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
20012005
Total$0$0
Gifts, grants, and contributions received$0$0
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Colorado Academy3800 S Pierce St, Denver, CO 80235-2404CO1952-04$36,888,700
2Vail Mountain School3000 Booth Falls Rd, Vail, CO 81657-4631CO1970-12$25,066,133
3Trinity Christian Academy17001 Addison Rd, Addison, TX 75001-5027TX1971-11$31,689,103
4Wildwood Elementry School Inc12201 Washington Pl, Los Angeles, CA 90066-4920CA1975-05$25,329,784
5Denver Christian Schools3898 S Teller St, Lakewood, CO 80235-2101CO1956-07$21,732,520
6Sanford School IncPO BOX 888, Hockessin, DE 19707-0888DE1935-08$20,069,411
7Colorado Rocky Mountain School1493 County Road 106, Carbondale, CO 81623-2357CO1957-05$10,510,296
8Stanley British Primary School350 Quebec Ct, Denver, CO 80230-6809CO1984-10$9,941,072
9Littleton Preparatory Charter School5301 S Bannock St, Littleton, CO 80120-1742CO1998-09$3,982,717
10Heritage Christian SPO BOX 371271, Fort Collins, CO 80527CO1972-03$2,444,293
11Foothills Academy4725 Miller St, Wheat Ridge, CO 80033-2824CO1986-12$2,189,121
12Crestone Charter SchoolPO BOX 400, Crestone, CO 81131-0400CO1996-03$1,433,889
13Rivendell School1800 E Prospect Rd, Fort Collins, CO 80525-1304CO1977-01$1,302,191
14Heritage Christian School27285 Brandon Cir, Steamboat Spr, CO 80487-8418CO1992-07$747,536
15Boulder Christian SchoolPO BOX 18836, Boulder, CO 80308-1836CO1985-10$0
16Colorado Springs Academy Inc6540 Templeton Gap Road, Colorado Springs, CO 80923CO1986-04$0
17Lake George Charter School38874 Us Hwy 24 Po Box 420, Lake George, CO 80827CO1997-04$0
18Montiview Elementary School Parent-Teacher Organization2055 Moline St, Aurora, CO 80010-1345CO1997-04$0
19Mountain View Core Knowledge School890 Field Ave, Canon City, CO 81212-9250CO1998-04$0
20Sage Elementary School5001 Pennsylvania Ave, Boulder, CO 80303-2739CO1998-02$0
Number of organizations performing similar types of work
Alaska1
Alabama16
Arkansas6
Arizona16
California117
Colorado21
Connecticut8
District of Columbia6
Delaware5
Florida40
Georgia31
Hawaii3
Iowa12
Idaho3
Illinois27
Indiana21
Kansas11
Kentucky15
Louisiana12
Massachusetts16
Maryland21
Maine7
Michigan37
Minnesota10
Missouri9
Mississippi12
Montana4
North Carolina30
North Dakota2
Nebraska3
New Hampshire8
New Jersey20
New Mexico8
Nevada1
New York45
Ohio47
Oklahoma8
Oregon20
Pennsylvania52
Rhode Island4
South Carolina30
South Dakota12
Tennessee12
Texas37
Utah4
Virginia39
Vermont10
Washington28
Wisconsin16
West Virginia5
International3
Total931

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