2011-12-01T10:22:35-06:00 2011-06-30 ANTON COLLINS MITCHELL LLP 303 EAST 17TH AVENUE SUITE 600 DENVER CO 80203 990 2010-07-01 840533775 VAIL MOUNTAIN SCHOOL VAIL 9704763850 3000 BOOTH FALLS ROAD VAIL CO 816574631 TOM WASHING 9704763850 2011-11-18 1 RANDY WATKINS 3038301120 2010 2016-02-24 21:20:13Z TOM WASHING 3000 BOOTH FALLS RD VAIL CO 816574631 18936297 0 X WWW.VMS.EDU X 1962 CO THE SCHOOL PROVIDES A DYNAMIC EDUCATIONAL ENVIRONMENT FOR APPROXIMATELY 350 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE. 16 15 117 200 0 0 1101311 1067208 6253520 6537683 701421 1071687 -30532 324990 8025720 9001568 921455 1220895 0 0 4289571 4495159 0 0 267183 3849374 3880814 9060400 9596868 -1034680 -595300 44024564 44551407 26311930 25816474 17712634 18734933 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. 0 0 7624338 1220895 6537683 VAIL MOUNTAIN SCHOOL PROVIDES A SOUND ACADEMIC EDUCATION IN A DYNAMIC EDUCATIONAL ENVIRONMNENT TO APPROXIMATELY 350 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE. THE SCHOOL ALSO PROVIDES OPPORTUNITIES FOR PERSONAL EXPLORATION AND INTERPERSONAL GROWTH THROUGH ITS MANY CO-CURRICULAR PROGRAMS. 7624338 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 29 0 1 117 1 0 1 CJ BF 0 0 0 1 1 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JANET REFIOR 9704763850 3000 BOOTH FALLS ROAD VAIL CO 816574631 PETER ABUISI 40.00 X X 267301 0 9430 TOM WASHING 10.00 X X 0 0 0 DAN MCKENNA 10.00 X X 0 0 0 LOUISE INGALLS 10.00 X X 0 0 0 SALLY JOHNSTON 10.00 X 0 0 0 BRUCE BOLYARD 10.00 X 0 0 0 MARY RANDALL 10.00 X 0 0 0 LINDA PANCRATZ 10.00 X 0 0 0 ANN SMEAD 10.00 X 0 0 0 KRISTI FERRARO 10.00 X 0 0 0 MICHAEL SLEVIN 10.00 X 0 0 0 JOSH LAUTENBERG 10.00 X 0 0 0 ALEJANDRO MARTI 10.00 X 0 0 0 JUAN CARLOS AZIZ 10.00 X 0 0 0 GLENN DAVIS 10.00 X 0 0 0 KAIA MORITZ 10.00 X 0 0 0 JANET REFIOR 40.00 X 140778 0 1532 ROBERT BANDONI 40.00 X 130983 0 7180 ADAM DUBE 40.00 X 103904 0 6380 642966 0 24522 4 0 1 0 0 52105 1015103 279624 1067208 TUITION & FEES 900099 6195783 6195783 ACTIVITY FEES 900099 297290 297290 FINANCE CHARGES 900099 23242 23242 AFTER SCHOOL PROGRAM 900099 14528 14528 TRASPORTATION FEE 900099 960 960 5880 5880 6537683 417595 417595 38072 38072 38072 38072 10481429 9813139 14198 668290 -14198 654092 654092 394310 52105 107392 286918 286918 9001568 6537683 0 1396677 1220895 1220895 467178 467178 3114832 2396930 562274 155628 660838 506929 127409 26500 252311 168897 72489 10925 28900 28900 75080 75080 143717 143717 48127 34957 13170 34442 34442 731033 612339 83325 35369 47562 39952 4566 3044 479329 465907 6711 6711 31419 31419 1335155 1297771 18692 18692 741333 723277 9028 9028 80838 78682 1078 1078 FACULTY HOUSING 43305 40707 2598 VEHICLE EXPENSES 21674 21674 DUES & SUBSCRIPTIONS 15837 15837 BAD DEBTS 1574 1574 21489 13847 7434 208 9596868 7624338 1705347 267183 338147 311653 1927444 1040199 788945 419520 299018 108233 95369 58168 102219 28778314 5688466 23828439 23089848 8850405 14814772 6399446 2986125 1534552 1583469 44024564 44551407 307143 575171 1775444 2722764 20496452 20545076 3732891 1973463 26311930 25816474 X 17392147 18342095 150146 222497 170341 170341 17712634 18734933 44024564 44551407 X -595300 1617599 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 180236 856 2500 178592 182654 226 2644 180236 170331 15048 2556 5281 182654 0.95000 0.05000 0 0 3457959 3457959 23598985 4517882 19081103 303646 111643 192003 1244204 886421 357783 173520 172520 1000 23089848 PREFERRED STOCK 684775 F FUNDS OF HEDGE FUNDS 2301350 F 2986125 LINE OF CREDIT 195158 TUITION BONDS PAYABLE 225000 TERMINATION LIABILITY ON SWAP AGREEMENT 1139722 DEFERRED COMPENSATION PAYABLE 413583 1973463 9001568 9596868 -595300 1808544 -562493 371548 1617599 1022299 9459698 1808544 1808544 7651154 143717 1206697 1350414 9001568 8246454 14198 14198 8232256 143717 1220895 1364612 9596868 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT IS COMPRISED OF THREE INDIVIDUAL FUNDS ESTABLISHED BY DONORS TO PROVIDE ANNUAL FUNDING TO SUPPORT PROFESSIONAL DEVELOPMENT FOR TEACHERS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL FOLLOWS ASC 740, INCOME TAXES, WITH RESPECT TO THE ACCOUNTING FOR ALL TAX POSITIONS TAKEN (OR EXPECTED TO BE TAKEN) ON ANY INCOME TAX RETURN. THESE PROVISIONS APPLY TO ALL OPEN TAX PERIODS IN ALL TAX JURISDICTIONS IN WHICH THE SCHOOL IS REQUIRED TO FILE AN INCOME TAX RETURN. THE SCHOOL DETERMINED THAT NO UNCERTAIN TAX POSITIONS HAVE BEEN TAKEN (OR ARE EXPECTED TO BE TAKEN) THAT COULD HAVE A MATERIAL EFFECT ON ITS INCOME TAX LIABILITIES. THE SCHOOL BELIEVES THAT IT HAS CONDUCTED ITS OPERATIONS IN ACCORDANCE WITH, AND HAS PROPERLY MAINTAINED, ITS TAX-EXEMPT STATUS, AND THAT IT HAS TAKEN NO MATERIAL UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: DECREASE IN TERMINATION LIABILITY ON SWAP AGREEMENT 371,548. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,220,895. LOSS ON ASSET DISPOSAL -14,198. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,220,895. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. AUCTION 371223 31960 339263 3223 21176 5895 56173 HOME TOUR 75192 20145 55047 5510 15415 446415 52105 394310 3223 26686 5895 71588 107392 286918 1 SCHOLARSHIPS 85 1220895 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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. OTHER INFORMATION: PART IV: 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 1 0 0 0 0 0 0 0 PETER ABUISI 247097 0 0 0 20204 0 3050 0 6380 0 276731 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES A HOUSING ALLOWANCE, A HEALTH CLUB MEMBERSHIP AND AN AUTOMOBILE ALLOWANCE. PART I, LINE 4B PETER ABUISI COLORADO EDUCATIONAL & CULTURAL FACILITIES AUTHORITY 840896727 196458SC8 2003-05-01 20000000 CONSTRUCT NEW EDUCATIONAL & INSTRUCTIONAL FACILITIES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 80947 FAIR MARKET VALUE X 3 24371 FAIR MARKET VALUE X VACATIONS & EVENTS 46 138528 FAIR MARKET VALUE X MISCELLANEOUS 91 35778 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE AUDIT COMMITTEE AND APPROVED PRIOR TO REVIEW BY THE FULL BOARD. THE 990 IS SENT ELECTRONICALLY AND REVIEWED BY THE BOARD. THE AUDIT COMMITTEE PRESENTS THE 990 AT THE BOARD MEETING AND FORMAL APPROVAL IS RECEIVED BEFORE THE 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. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES MEETS THREE TIMES A YEAR TO REVIEW THE SALARY MEAN FOR FACULTY OF OTHER SCHOOLS AND SCHOOL ORGANIZATIONS. BENEFITS ARE ALSO REVIEWED. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES (COMPRISED OF CHAIR, VICE-CHAIR AND TREASURER) REVIEWS THE HEAD OF SCHOOL'S COMPENSATION PACKAGE EVERY TWO YEARS. THE COMPENSATION COMMITTEE IS PROVIDED SALARY DATA FROM NAIS, ACIS, EAGLE & SUMMIT COUNTY SCHOOLS AND PEER SCHOOLS. INFORMATION OBTAINED FROM THE GUIDESTAR WEBSITE IS SOMETIMES USED IN THE PROCESS AS WELL. THE COMMITTEE IS ALSO PROVIDED WITH ARTICLES COVERING INDEPENDENT SCHOOL COMPENSATION AND BENEFITS. THE EXECUTIVE COMMITTEE IS PROVIDED SALARY INFORMATION VIA THE NAIS EXECUTIVE COMPENSATION ONLINE SERVICE ALONG WITH ARTICLES PERTINENT TO EXECUTIVE COMPENSATION. A REVIEW FOR THE FOLLOWING POSITIONS IS CONDUCTED ANNUALLY IN NOVEMBER OR DECEMBER AND WAS LAST COMPLETED IN DECEMBER 2010: HEAD OF SCHOOL ASSISTANT HEAD OF SCHOOL BUSINESS MANAGER DEVELOPMENT DIRECTOR ADMISSION DIRECTOR COLLEGE COUNSELING DIRECTOR LIBRARIAN FACILITIES MANAGER DIVISION DIRECTORS FORM 990, PART VI, SECTION C, LINE 19 IN ADDITION TO MAKING ITS GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, THE ORGANIZATION ALSO PLACES THE ANNUAL REPORT ON ITS WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,808,544. PRIOR PERIOD ADJUSTMENTS: -562,493. DECREASE IN TERMINATION LIABILITY ON SWAP AGREEMENT 371,548. TOTAL TO FORM 990, PART XI, LINE 5: 1,617,599.