GREEN MOUNTAIN VALLEY SCHOOL INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: GREEN MOUNTAIN VALLEY SCHOOL INC (EIN 03-0235167)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2014-02-13
IRS object ID: 201400449349302025
Schema version: 2012v2.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule G
Schedule I
Schedule J
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-02-13T14:24:44-08:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Fothergill Segale & Valley CPAs	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	143 Barre Street	AddressLine1
City	Montpelier	City
State	VT	State
ZIP Code	05602	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	030235167	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	GREEN MOUNTAIN VALLEY SCHOOL INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	GREE	NameControl
Phone	8024962150	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	271 MOULTON ROAD	AddressLine1
City	WAITSFIELD	City
State	VT	State
ZIP Code	05673	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JAMES HILDEBRAND	Name
Title	Treasurer	Title
Date Signed	2014-02-13	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Donald J Murray CPA	Name
PTIN	P00199531	PTIN
Phone	8022236261	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	JAMES HILDEBRAND	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	271 MOULTON ROAD	AddressLine1
City	WAITSFIELD	City
State	VT	State
ZIP Code	05673	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	10014273	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
All Affiliates Included	false	AllAffiliatesIncluded
Organization501c3	X	Organization501c3
Web Site	WWW.GMVS.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1973	YearFormation
State Legal Domicile	VT	StateLegalDomicile
Activity Or Mission Description	ACADEMIC & SKI SCHOOL	ActivityOrMissionDescription
Nbr Voting Members Governing Body	22	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	22	NbrIndependentVotingMembers
Total Nbr Employees	78	TotalNbrEmployees
Total Nbr Volunteers	12	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	1048157	ContributionsGrantsPriorYear
Contributions Grants Current Year	2441147	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	4150050	ProgramServiceRevenuePriorYear
Program Service Revenue CY	4367506	ProgramServiceRevenueCY
Investment Income Prior Year	7766	InvestmentIncomePriorYear
Investment Income Current Year	134490	InvestmentIncomeCurrentYear
Other Revenue Prior Year	245768	OtherRevenuePriorYear
Other Revenue Current Year	133377	OtherRevenueCurrentYear
Total Revenue Prior Year	5451741	TotalRevenuePriorYear
Total Revenue Current Year	7076520	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	807402	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	832108	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	2541728	SalariesEtcPriorYear
Salaries Etc Current Year	2664318	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	82353	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1642026	OtherExpensePriorYear
Other Expenses Current Year	1744053	OtherExpensesCurrentYear
Total Expenses Prior Year	4991156	TotalExpensesPriorYear
Total Expenses Current Year	5240479	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	460585	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	1836041	RevenuesLessExpensesCY
Total Assets BOY	6788098	TotalAssetsBOY
Total Assets EOY	9170646	TotalAssetsEOY
Total Liabilities BOY	1719446	TotalLiabilitiesBOY
Total Liabilities EOY	2126539	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	5068652	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	7044107	NetAssetsOrFundBalancesEOY
Mission Description	ACADEMIC & SKI SCHOOL	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	4633749	Expense
Revenue	4367506	Revenue
Description	PRIVATE EDUCATIONAL INSTITUTION FOR COLLEGE PREPARATION WITH AN EMPHASIS ON PRODUCING NATIONAL CLASS SKI RACERS.	Description
Total Program Service Expense	4633749	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	13	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	78	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Form990-T Filed	false	Form990-TFiled
Foreign Financial Account	true	ForeignFinancialAccount
Name Of Foreign Country	AU	NameOfForeignCountry
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Number Of8282 Filed	0	NumberOf8282Filed
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Form8899 Filed	false	Form8899Filed
Form1098 C Filed	false	Form1098CFiled
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Filed Lieu1041	false	FiledLieu1041
Licensed More Than One State	false	LicensedMoreThanOneState
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	22	NbrVotingGoverningBodyMembers
Number Independent Voting Members	22	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	BARBARA FRASCELLA	NamePerson
Telephone Number	8024962150	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	271 MOULTON ROAD	AddressLine1
City	WAITSFIELD	City
State	VT	State
ZIP Code	05673	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (37 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
JANE AUSTIN
Secretary	1.00	0.00	X	X	0	0	0
AL HOLBART
Trustee	1.00	0.00	X		0	0	0
VIVI VALENTINE
HON TRUSTEE	1.00	0.00	X		0	0	0
DONNA STOUT
HON TRUSTEE	1.00	0.00	X		0	0	0
JOHN SCHULTZ
HON TRUSTEE	1.00	0.00	X		0	0	0
DAVE SCHNEIDER
HON TRUSTEE	1.00	0.00	X		0	0	0
LU PUTNAM
Trustee	1.00	0.00	X		0	0	0
LARRY PARKER
HON TRUSTEE	1.00	0.00	X		0	0	0
GEORGE OLMSTED
HON TRUSTEE	1.00	0.00	X		0	0	0
BILL MOORE
HON TRUSTEE	1.00	0.00	X		0	0	0
WARRIN MEYERS
HON TRUSTEE	1.00	0.00	X		0	0	0
BUD CANADAY
HON TRUSTEE	1.00	0.00	X		0	0	0
ASHLEY CADWELL
HON TRUSTEE	1.00	0.00	X		0	0	0
DOUGLAS BATES
HON TRUSTEE	1.00	0.00	X		0	0	0
LESLIE REYNOLDS
Trustee	1.00	0.00	X		0	0	0
TJ KINGSBURY
Trustee	1.00	0.00	X		0	0	0
JOHN STOKES
HON TRUSTEE	1.00	0.00	X		0	0	0
TERRY KELLOGG
Trustee	1.00	0.00	X		0	0	0
GORDON GRAY III
Trustee	1.00	0.00	X		0	0	0
BRETT GRABOWSKI
Trustee	1.00	0.00	X		0	0	0
JARED CADWELL
Trustee	1.00	0.00	X		0	0	0
JAMES PRESTON
Trustee	1.00	0.00	X		0	0	0
JILL NOLAN
Trustee	1.00	0.00	X		0	0	0
DOUG LEWIS
Trustee	1.00	0.00	X		0	0	0
MICHELE KINNER
Trustee	1.00	0.00	X		0	0	0
JAY KEARNS
Trustee	1.00	0.00	X		0	0	0
SHERMAN HOYT
Trustee	1.00	0.00	X		0	0	0
LINDSAY BRUSH
Trustee	1.00	0.00	X		0	0	0
ROBERT BAKER
Trustee	1.00	0.00	X		0	0	0
JAMIE ARMSTRONG
Trustee	1.00	0.00	X		0	0	0
BROOKE LAUNDON
Trustee	1.00	0.00	X		0	0	0
JAMES HILDEBRAND
VICE CHAIR/TREA	1.00	0.00	X	X	0	0	0
JANE GOLDSTEIN
Chairman	1.00	0.00	X	X	0	0	0
CHARLIE BRUSH
Trustee	1.00	0.00	X		0	0	0
LARRY DICKIE
Ex Officio	1.00	0.00	X	X	0	0	0
BARBARA FRASCELLA
BUSINESS MGR	40.00	0.00		X	53951	0	9401
DAVID GAVETT
HEADMASTER	40.00	0.00		X	159609	0	25559

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	213560	TotalReportableCompFromOrg
Total Other Compensation	34960	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
Fundraising Events	3575	FundraisingEvents
All Other Contributions	2437572	AllOtherContributions
Noncash Contributions	445000	NoncashContributions
Total Contributions	2441147	TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION	611600	4181651	4181651
SKI CLUB	611710	181092	181092
APPLICATION FEES	900099	4763	4763

Field	Value	IRS element (for citing)
Total Program Service Revenue	4367506	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	40028	TotalRevenueColumn
Exclusion	$40,028	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	2948433	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	2853971	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	94462	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	94462	TotalRevenueColumn
Related Or Exempt Function Income	94462	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	203001	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	3575	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	82338	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	120663	TotalRevenueColumn
Exclusion	$120,663	ExclusionAmount

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	1879	GrossSalesOfInventory
Cost Of Goods Sold	1444	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	435	TotalRevenueColumn
Exclusion	$435	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	MISCELLANEOUS	Description
Total Revenue Column	12279	TotalRevenueColumn
Exclusion	$12,279	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	12279	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	7076520	TotalRevenueColumn
Related Or Exempt Function Income	4461968	RelatedOrExemptFunctionIncome
Exclusion	$173,405	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	832108	Total
Program Services	832108	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	208291	Total
Program Services	153500	ProgramServices
Management And General	54791	ManagementAndGeneral

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	1969243	Total
Program Services	1869654	ProgramServices
Management And General	72743	ManagementAndGeneral
Fundraising	26846	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	93715	Total
Program Services	87080	ProgramServices
Management And General	5482	ManagementAndGeneral
Fundraising	1153	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	237884	Total
Program Services	171244	ProgramServices
Management And General	62455	ManagementAndGeneral
Fundraising	4185	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	155185	Total
Program Services	145865	ProgramServices
Management And General	7295	ManagementAndGeneral
Fundraising	2025	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	4585	Total
Management And General	4585	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	23080	Total
Management And General	23080	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	1161	Total
Management And General	1161	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	29229	Total
Program Services	9513	ProgramServices
Management And General	19716	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	7383	Total
Program Services	341	ProgramServices
Management And General	7042	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	104658	Total
Program Services	99642	ProgramServices
Management And General	5016	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	36742	Total
Program Services	36742	ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	9243	Total
Management And General	9243	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	298445	Total
Program Services	298152	ProgramServices
Management And General	293	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	163343	Total
Management And General	163343	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
SUPPLIES	104827	104465	362
CONTRACTED SERVICES	118062	90349	27713
SKI CLUB EXPENSES	181092	181092
FOOD SERVICE	290323	290323

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	371880	Total
Program Services	263679	ProgramServices
Management And General	60057	ManagementAndGeneral
Fundraising	48144	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	5240479	Total
Program Services	4633749	ProgramServices
Management And General	524377	ManagementAndGeneral
Fundraising	82353	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	110231	BOY
EOY	150715	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	212191	BOY
EOY	478791	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	390159	BOY
EOY	345011	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	29502	BOY
EOY	24910	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	18414	BOY
EOY	24350	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	6371	BOY
EOY	5236	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	125157	BOY
EOY	313662	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	8925251	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	3541387	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	4503106	BOY
EOY	5383864	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	1382914	BOY
EOY	2389145	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
EOY	0	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	10053	BOY
EOY	54962	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	6788098	BOY
EOY	9170646	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	446368	BOY
EOY	471292	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	254415	BOY
EOY	234553	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1018663	BOY
EOY	1420694	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1719446	BOY
EOY	2126539	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	4166022	BOY
EOY	5498634	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	902630	BOY
EOY	1545473	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	5068652	BOY
EOY	7044107	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	6788098	BOY
EOY	9170646	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	1836041	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	139414	ReconciliationUnrealizedInvest
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	false	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	856594	BeginningOfYearBalance
Contributions	924597	Contributions
Investment Earnings Or Losses	181306	InvestmentEarningsOrLosses
Administrative Expenses	4013	AdministrativeExpenses
End Of Year Balance	1958484	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	772028	BeginningOfYearBalance
Contributions	199284	Contributions
Investment Earnings Or Losses	-21443	InvestmentEarningsOrLosses
Other Expenditures	90000	OtherExpenditures
Administrative Expenses	3275	AdministrativeExpenses
End Of Year Balance	856594	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	394368	BeginningOfYearBalance
Contributions	256738	Contributions
Investment Earnings Or Losses	164456	InvestmentEarningsOrLosses
Other Expenditures	40000	OtherExpenditures
Administrative Expenses	3534	AdministrativeExpenses
End Of Year Balance	772028	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	378001	BeginningOfYearBalance
Contributions	13796	Contributions
Investment Earnings Or Losses	46027	InvestmentEarningsOrLosses
Other Expenditures	40000	OtherExpenditures
Administrative Expenses	3456	AdministrativeExpenses
End Of Year Balance	394368	EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	15070	BeginningOfYearBalance
Contributions	-120483	Contributions
Other Expenditures	4788	OtherExpenditures
Administrative Expenses	378001	AdministrativeExpenses
End Of Year Balance	378001	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.63500	BoardDesignatedEOYBalance
Term Endowment EOY Balance	0.36500	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	6328045	OtherCostOrOtherBasis
Depreciation	1919695	Depreciation
Book Value	4408350	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1263685	OtherCostOrOtherBasis
Depreciation	558185	Depreciation
Book Value	705500	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1003271	OtherCostOrOtherBasis
Depreciation	802275	Depreciation
Book Value	200996	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	330250	OtherCostOrOtherBasis
Depreciation	261232	Depreciation
Book Value	69018	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	5383864	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescription	AmountAmount
TRAVEL & TRAINING DEPOSITS	$139,949
DUE TO SKI CLUB	$72,849
DAMAGE DEPOSITS	$50
ADMISSION DEPOSITS	$1,207,846

Field	Value	IRS element (for citing)
Total Of Amounts	1420694	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	6202734	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	139414	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	139414	RevenueNotRptdF990
Revenue Subtotal	6063320	RevenueSubtotal
Other Revenues Not Included	1013200	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	1013200	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	7076520	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	4227279	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	4227279	ExpensesSubtotal
Other Expenses Not Included	1013200	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	1013200	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	5240479	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Part XII, Line 4b	Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S	SKI CLUB EXPENSES NOT REPORTED IN AUDIT $181092 SCHOLARSHIPS $832108
Part XI, Line 4b	Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S	SKI CLUB REVENUE NOT REPORTED IN AUDIT $181092 SCHOLARSHIPS $832108
Part V, Line 4	Part V, Line 4: Intended uses of the endowment fund.	Green Mountain Valley School's Endowment Fund seeks moderate growth and income through a balanced portfolio of stocks, bonds and cash. The Fund strives to maintain a cash position equal to or greater than 6 percent which is the intended annual distribution. Annually the School approves a transfer from the Endowment Fund to the Operating Fund.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	false	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	false	MaintRacialCompositionRecords
Maint Scholarships Records	false	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	false	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifier	ExplanationExplanation
Schedule E, Line 4 - Explanation of Records and Materials Not Maintained	QUESTIONS CONCERNING RACE ARE NOT ASKED AND RECORDS ARE NOT COMPILED.
Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized	QUESTIONS CONCERNING RACE ARE NOT ASKED AND RECORDS ARE NOT COMPILED.

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	X	MailSolicitations
Email Solicitations	X	EmailSolicitations
Phone Solicitations	X	PhoneSolicitations
In Person Solicitations	X	InPersonSolicitations
Special Fundraising Events	X	SpecialFundraisingEvents
Agreement Ref Fundraising	false	AgreementRefFundraising

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	GALA	NameOfEvent1
Gross Receipts Event1	187040	GrossReceiptsEvent1
Charitable Contributions Event1	3575	CharitableContributionsEvent1
Gross Revenue Event1	183465	GrossRevenueEvent1
Non Cash Prizes Event1	2459	NonCashPrizesEvent1
Food And Beverage Event1	17429	FoodAndBeverageEvent1
Other Direct Expenses Event1	12940	OtherDirectExpensesEvent1
Name Of Event2	GOLF TOURNAMENT	NameOfEvent2
Gross Receipts Event2	16536	GrossReceiptsEvent2
Gross Revenue Event2	16536	GrossRevenueEvent2
Other Direct Expenses Event2	7518	OtherDirectExpensesEvent2
Gross Receipts Total	203576	GrossReceiptsTotal
Charitable Contributions Total	3575	CharitableContributionsTotal
Gross Revenue Total Events	200001	GrossRevenueTotalEvents
Non Cash Prizes Total Events	2459	NonCashPrizesTotalEvents
Food And Beverage Total Events	17429	FoodAndBeverageTotalEvents
Other Direct Expenses Total Events	20458	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	40346	DirectExpenseSummaryEvents
Net Income Summary	159655	NetIncomeSummary

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained
Total Nbr Of501 C3 And Govt Grants	0	TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations	0	TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	SCHOLARSHIPS FOR STUDENTS	TypeOfGrant
Number Of Recipients	41	NumberOfRecipients
Amount Of Non Cash Assistance	832108	AmountOfNonCashAssistance
Method Of Valuation	TUITION SCHEDULE	MethodOfValuation
Description Of Non Cash Assistance	SCHOLARSHIPS	DescriptionOfNonCashAssistance

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	Grantmaker's Description of How Grants are Used	Identifier
Explanation	SCHOLARSHIPS AWARDS ARE GRANTED TO INDIVIDUALS ON A CASE BY CASE BASIS BY ADMINISTRATION OFFICIALS.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException
Rebuttable Presumption Procedure	false	RebuttablePresumptionProcedure

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	DAVID GAVETT	NamePerson
Title	HEADMASTER	Title
Base Compensation Filing Org	159609	BaseCompensationFilingOrg
Deferred Comp Filing Org	16000	DeferredCompFilingOrg
Nontaxable Benefits Filing Org	9559	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	185168	TotalCompensationFilingOrg

Schedule M IRS990ScheduleM

Real Estate Residential RealEstateResidential

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	2	NumberOfContributions
Noncash Contribs Rptd F990	445000	NoncashContribsRptdF990
Method Of Determining Revenues	FAIR MARKET	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	false	ReviewProcessUnusualNCGifts
Third Parties Used	false	ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990, Part VI, Line 19	Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG.
Form 990, Part VI, Line 15a	Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management	Headmaster compensation is set annually by the Board. Other key personnel compensation is set by the Headmaster with input from the Board as part of the budget process.
Form 990, Part VI, Line 11b	Form 990, Part VI, Line 11b: Form 990 Review Process	BOARD APPROVES PRIOR TO MAILING 990.