2016-02-11T16:34:22-06:00 2015-06-30 450250958 EIDE BAILLY 5299 DTC BLVD STE 1000 GREENWOOD VILLAGE CO 801113329 990 2014-07-01 840533775 VAIL MOUNTAIN SCHOOL VAIL 9704763850 3000 BOOTH FALLS ROAD VAIL CO 816574631 ANN SMEAD BOARD CHAIR 9704763850 2016-02-09 1 KYLE FRITCH CPA P01313374 3037705700 2016-02-09 2014 2016-08-17 19:52:53Z ANN SMEAD 3000 BOOTH FALLS ROAD VAIL CO 816574631 12293263 0 X WWW.VMS.EDU X 1962 CO PREPARE STUDENTS INTELLECTUALLY, EMOTIONALLY, AND ETHICALLY TO THRIVE IN A COLLEGIATE SETTING. 20 19 130 220 0 0 1250121 1515399 7815933 9137295 1915534 1399549 83642 33704 11065230 12085947 1054167 962058 0 0 4834374 5956274 6599 0 318307 4337780 5148870 10232920 12067202 832310 18745 49491966 50186475 28330640 30079497 21161326 20106978 X 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. 1 0 9170241 962058 9132295 VAIL MOUNTAIN SCHOOL PROVIDES A SOUND ACADEMIC EDUCATION IN A DYNAMIC EDUCATIONAL ENVIRONMENT TO APPROXIMATELY 420 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE. THE SCHOOL ALSO PROVIDES OPPORTUNITIES FOR PERSONAL EXPLORATION AND INTERPERSONAL GROWTH THROUGH ITS MANY CO-CURRICULAR PROGRAMS. 28962 5000 SUMMERQUEST IS A POWERFUL SUMMER ACADEMIC PROGRAM FOR PUBLIC SCHOOL STUDENTS IN EAGLE COUNTY WITH GREAT POTENTIAL, BUT WHO ARE IN NEED OF ADDITIONAL SUPPORT AND POSITIVE ROLE MODELS. SUMMERQUEST IS A MEANS FOR VMS TO GIVE BACK TO THE LOCAL COMMUNITY. THE PROGRAM SERVES AS A TEACHING LABORATORY STAFFED WITH EXPERIENCED MENTOR TEACHERS, COLLEGE STUDENTS, AND HIGH SCHOOL STUDENTS WHO ARE ASPIRING EDUCATORS. EACH JULY, STUDENTS IN SIXTH, SEVENTH, AND EIGHTH GRADE STUDY MATH, READING, SPELLING, WRITING, AND PUBLIC SPEAKING, WHILE ALSO PLAYING GAMES, ATTENDING CULTURAL EVENTS SUCH AS CONCERTS AND A ROCKIES GAME, AND BONDING. STUDENTS ARE NOMINATED BY TEACHERS IN THE PUBLIC SCHOOLS AND TYPICALLY ENTER THE PROGRAM IN SIXTH GRADE AND STAY THROUGH THE END OF THE SESSION FOLLOWING THEIR EIGHTH GRADE YEAR. THE GOAL IS TO INSPIRE A POSITIVE OUTLOOK FOR THE STUDENTS AND EQUIP THEM WITH THE ACADEMIC SKILLS AND CONFIDENCE TO SUCCEED IN HIGH SCHOOL AND COLLEGE. 9199203 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 1 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 30 0 1 130 1 0 0 0 0 0 1 1 1 1 0 0 0 X 20 19 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 CO X X MICHAEL IMPERI 9704763850 3000 BOOTH FALLS ROAD VAIL CO 816574631 ANN SMEAD CHAIRMAN 10.00 X X 0 0 0 KRISTI FERRARO SECRETARY 10.00 X X 0 0 0 ERIC RESNICK TREASURER 10.00 X X 0 0 0 MICHAEL IMPERI HEAD OF SCHOOL 40.00 X X 289344 0 32619 SALLY JOHNSON DIRECTOR 10.00 X 0 0 0 DAN LEEVER DIRECTOR 10.00 X 0 0 0 MICHAEL SLEVIN DIRECTOR 10.00 X 0 0 0 JOSH LAUTENBERG DIRECTOR 10.00 X 0 0 0 JUAN CARLOS AZIZ DIRECTOR 10.00 X 0 0 0 KAIA MORITZ DIRECTOR 10.00 X 0 0 0 DORIS KIRCHNER DIRECTOR 10.00 X 0 0 0 ANNE MARIE KEANE DIRECTOR 10.00 X 0 0 0 MICHELE EVANS DIRECTOR 10.00 X 0 0 0 STEVE SPESSERD DIRECTOR 10.00 X 0 0 0 KRISTEN TANG DIRECTOR 10.00 X 0 0 0 MARK FENSTERMACHER CHIEF FINANCIAL OFFICER 40.00 X 165123 0 12378 TRAVIS ALDRICH HEAD OF UPPER SCHOOL 40.00 X 103006 0 24160 AARON CISZEK DIRECTOR OF DEVELOPMENT 40.00 X 105900 0 9506 663373 0 78663 4 0 1 0 0 587150 928249 456948 1515399 TUITION & FEES 611600 8730637 8730637 ACTIVITY FEES 611600 363371 363371 AFTER SCHOOL PROGRAM 611600 20729 20729 22558 22558 9137295 611421 611421 112846 19820 93026 93026 93026 790120 0 1992 790120 -1992 788128 788128 78641 587150 168644 -90003 -90003 47541 16860 30681 30681 12085947 9137295 0 1433253 962058 962058 467241 20902 408530 37809 3955263 2934075 869368 151820 150497 116309 28170 6018 1058438 819396 206909 32133 324835 217536 96043 11256 51500 51500 191540 191540 77336 77336 77187 77187 252649 212604 40045 107308 102875 3033 1400 420092 402741 11872 5479 111695 85022 23339 3334 1257564 1205621 35540 16403 910657 867491 32153 11013 122462 117404 3461 1597 STUDENT ACTIVITIES 931513 931513 PROGRAM SUPPLIES 228111 228111 BAD DEBT 221107 221107 PROGRAM ATHLETICS 181726 181726 6423 6423 12067202 9199203 2549692 318307 165935 2091893 1239272 713715 195339 106198 130884 123039 30938695 8894778 22178286 22043917 22713014 21859152 1500428 2775541 1368808 473020 49491966 50186475 725875 813094 3536486 4051347 20298344 19964020 50000 40000 2850989 4597078 868946 613958 28330640 30079497 X 18647424 17955116 2343561 1456521 170341 695341 21161326 20106978 49491966 50186475 18745 -1073093 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 179701 525000 -418 704283 179405 296 179701 178965 440 179405 178592 373 178965 180236 856 2500 178592 0.98730 0.01270 0 0 3313947 3313947 24593477 6694834 17898643 424933 149925 275008 1957241 1409722 547519 649097 640297 8800 22043917 POOLED HEDGED EQUITY 1247033 F INTERNATIONAL HEDGED EQUITY 1528508 F 2775541 TUITION BONDS PAYABLE 187500 TERMINATION LIABILITY ON SWAP AGREEMENT 426458 613958 X 9879076 -1073093 -962058 -2035151 11914227 191540 -19820 171720 12085947 10933424 19820 19820 10913604 191540 962058 1153598 12067202 PART V, LINE 4: THE SCHOOL'S ENDOWMENT IS COMPRISED OF FIVE INDIVIDUAL FUNDS ESTABLISHED BY DONORS TO PROVIDE ANNUAL FUNDING TO SUPPORT PROFESSIONAL DEVELOPMENT AND INCENTIVE PROGRAMS FOR TEACHERS. 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE NETTED WITH INCOME ON FINANCIALS -962,058. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH INCOME ON FORM 990 -19,820. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH INCOME ON FORM 990 19,820. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE NETTED WITH INCOME ON FINANCIALS 962,058. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 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. GALA 302725 250809 51916 2015 53990 17300 85364 SILENT AUCTION 346316 336341 9975 9975 1 16750 16750 665791 587150 78641 11990 53990 17300 85364 168644 -90003 47541 16860 1 1.00000 47541 16860 16860 30681 CO 1 0 1 0 1.00000 AARON CISZEK 3000 BOOTH FALLS ROAD VAIL CO 81657 0 MICHAEL CONNOLLY OVERALL SUPERVISION AND MANAGEMENT OF THE GAMING ACTIVITY OF THE ORGANIZATION AS WELL AS ENSURING THE ACTIVITY COMPLIES WITH COLORADO RULES AND REGULATIONS. X 1 30681 1 SCHOLARSHIPS AND TUITION ASSISTANCE 98 962058 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 1 0 MICHAEL IMPERI HEAD OF SCHOOL 243174 0 10000 0 36170 0 17500 0 16056 0 322900 0 0 0 MARK FENSTERMACHER CHIEF FINANCIAL OFFICER 161643 0 3000 0 480 0 4885 0 8103 0 178111 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES A HOUSING ALLOWANCE AND A HEALTH CLUB MEMBERSHIP ALLOWANCE. THE BENEFITS PROVIDED ARE TREATED AS TAXABLE COMPENSATION AND INCLUDED ON THE W-2. PART I, LINE 7 THE ORGANIZATION'S COMPENSATION COMMITTEE ANNUALLY REVIEWS THE PERFORMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF AS DEFINED BY THE COMMITTEE TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. DURING CALENDAR YEAR ENDING DECEMBER 31, 2014, THE COMPENSATION COMMITTEE AWARDED THE HEAD OF SCHOOL, CFO, AND HEAD OF UPPER SCHOOL A BONUS BASED ON REVIEW OF THEIR PERFORMANCES AND SERVICES TO THE ORGANIZATION. A COLORADO EDUCATIONAL & CULTURAL FACILITIES AUTHORITY 840896727 19645DBL5 2010-03-01 20490022 REFUND THE OUTSTANDING REVENUE BONDS SERIES 2003 ISSUED MAY 13, 2003 0 0 0 A 725000 20490023 409801 20080222 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 1 MORGAN STANLEY CAPITAL SERVICES 25.000000000000 0 0 0 0 0 A 0 X 4 120607 SELLING PRICE X MISCELLANEOUS 38 153084 ESTIMATED FMV X GIFT CERTIFICATES, MEMBERSHIPS, AND SUBSCRIPTIONS 87 108154 SELLING PRICE X TRAVEL AND GETAWAYS 27 75103 SELLING PRICE 0 0 1 0 FORM 990, PART III, LINE 2 IN AUGUST OF 2014 VAIL MOUNTAIN SCHOOL INTRODUCED A NEW INTERNATIONAL STUDENT PROGRAM. THE PROGRAM OFFERS STUDENTS THE OPPORTUNITY TO BECOME IMMERSED IN AMERICAN CULTURE AND RECEIVE A TOP-NOTCH COLLEGE PREPARATORY EDUCATION IN OUR PRISTINE MOUNTAIN PARADISE. INTERNATIONAL UPPER SCHOOL STUDENTS LIVE WITH LOCAL HOST FAMILIES AND ARE HERE FOR THE DURATION OF THE SCHOOL YEAR. INTERNATIONAL GUEST STUDENTS ENROLL FOR A MINIMUM OF ONE YEAR AND MAY ELECT TO STAY UNTIL GRADUATION. WITH A STRONG ACADEMIC CORE ENRICHED BY ARTS, ATHLETICS, ETHICS, OUTDOOR EDUCATION, TRAVEL, AND SERVICE LEARNING, VMS PROVIDES AN EDUCATION THAT CANNOT BE FOUND ANYWHERE ELSE IN THE WORLD. IT IS A PRIVILEGE FOR OUR SCHOOL COMMUNITY TO WELCOME INTERNATIONAL STUDENTS TO OUR UNIQUE LEARNING ENVIRONMENT. THE OVERARCHING GOAL OF THE INTERNATIONAL GUEST STUDENT PROGRAM IS TO ENHANCE THE CULTURAL DIVERSITY OF THE SCHOOL AND ENRICH OUR GLOBAL CURRICULUM THROUGH DIRECT CROSS-CULTURAL EXCHANGE. THE LONG TERM VISION OF THE INTERNATIONAL PROGRAM INCLUDES PARTNERSHIPS WITH SCHOOLS IN ASIA, EUROPE AND SOUTH AMERICA, STUDENT AND FACULTY EXCHANGES AROUND THE GLOBE, A ROBUST ARRAY OF STUDY ABROAD TRIPS, DUAL DEGREE PROGRAMS WITH FOREIGN HIGH SCHOOLS, AND UPWARD OF 30 INTERNATIONAL STUDENTS FROM A VARIETY OF COUNTRIES AND CULTURES. 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 ANNUALLY 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 JUNE 2015. 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.