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Nonprofit · EIN 74-2215035

VAIL VALLEY FOUNDATION INC

Tax-exempt · AVON, CO 81620

Financials

$16.3M$17.3M2022$18.3M$18.2M2023$39.3M$22.8M2024
Revenue Expenses · by fiscal year end
Financials of VAIL VALLEY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$39,283,892$22,805,925$16,477,967$40,890,321$8,162,741$32,727,580
May 31, 2024990$18,338,909$18,231,990$106,919$22,947,537$7,391,582$15,555,955
May 31, 2023990$16,349,038$17,260,616-$911,578$23,091,607$8,555,027$14,536,580
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$26,722,738
of which government grants
$40,000
Program service revenue
$12,153,914
Investment income
$425,903
Net gain from sales of assets
$185,083
Net income from fundraising events
-$418,216
Net income from sales of inventory
$399,553
Other revenue
-$18,663

Expenses

Grants and similar amounts paid
$2,980,893
Compensation of officers, directors and key employees
$1,437,519
Other salaries and wages
$2,942,891
Salaries, compensation and benefits (total)
$5,306,845
Professional fundraising fees
$0
Legal fees
$71,333
Accounting fees
$48,152
Occupancy
$1,106,462
Travel
$201,141
Depreciation
$1,073,222
Program services (functional)
$18,554,350
Management and general (functional)
$2,310,370
Fundraising (functional)
$1,941,205

Balance sheet and other

Total assets, start of year
$22,947,537
Total assets, end of year
$40,890,321
Total liabilities, end of year
$8,162,741
Net assets, end of year
$32,727,580
Land, buildings and equipment
$11,850,134
Publicly traded securities
$14,981,665
Net assets without donor restrictions
$8,041,168
Net assets with donor restrictions
$24,686,412
Gross unrelated business income
$848
Gross receipts
$40,820,125
Employees
223
Volunteers
1,164
Year formed
1983
State of legal domicile
CO

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended May 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MICHAEL IMHOFPRESIDENT AND CEO
Trustee or director, Officer
20$376,473$38,257
JOSHUA CLOUDCHIEF FINANCIAL OFFICER
Officer
20$239,529$53,270
SARAH FRANKESENIOR VP OF OPERATIONS
Key employee
40$261,005$25,784
DAVE DRESSMANVP OF SALES & GRFA
Key employee
40$225,521$49,186
SIERRA ADAMSVP OF PHILANTHROPY
Key employee
40$192,152$49,181
GREG BLOOMSENIOR DIRECTOR OF SALES
Highest-paid employee
40$202,389$23,041
BRIAN MULLERIT DIRECTOR
Highest-paid employee
40$190,849$26,655
LINDA GIORDANOSENIOR DIRECTOR OF HR
Highest-paid employee
40$147,496$48,029
JESSICA STEVENSSENIOR DIRECTOR OF SALES
Highest-paid employee
40$164,285$26,963
KRISTIN DUDDINGSENIOR DIRECTOR OF MARKETING
Highest-paid employee
40$156,044$19,920
CHRIS JARNOTCHAIRMAN
Trustee or director, Officer
0.5$0$0
ANDY ARNOLDBOARD MEMBER
Trustee or director
0.5$0$0
JOHN ARNOLDBOARD MEMBER
Trustee or director
0.5$0$0
SAM BRONFMANBOARD MEMBER
Trustee or director
0.5$0$0
JEFFREY BYRNEBOARD MEMBER
Trustee or director
0.5$0$0
38 more people on this return
NameTitleHours / weekCompensation
SUSAN CAMPBELLBOARD MEMBER
Trustee or director
0.5$0
WILL COOKBOARD MEMBER
Trustee or director
0.5$0
STEVE COYERBOARD MEMBER
Trustee or director
0.5$0
JOHANNES FAESSLERBOARD MEMBER
Trustee or director
0.5$0
CARLOS GARDEABOARD MEMBER
Trustee or director
0.5$0
MARGIE GARTBOARD MEMBER
Trustee or director
0.5$0
GREG DALYBOARD MEMBER
Trustee or director
0.5$0
NADIA GUERRIEROBOARD MEMBER
Trustee or director
0.5$0
CARRIE BESNETTE HAUSERBOARD MEMBER
Trustee or director
0.5$0
BETH HOWARDBOARD MEMBER
Trustee or director
0.5$0
AL HUBBARDBOARD MEMBER
Trustee or director
0.5$0
BJ HYBLBOARD MEMBER
Trustee or director
0.5$0
DAVID HYDEBOARD MEMBER
Trustee or director
0.5$0
CHERYL JENSENBOARD MEMBER
Trustee or director
0.5$0
ALEXIA JURSCHAKBOARD MEMBER
Trustee or director
0.5$0
ANNE-MARIE KEANEBOARD MEMBER
Trustee or director
0.5$0
MIKE KRUPKABOARD MEMBER
Trustee or director
0.5$0
DONNA LYNNEBOARD MEMBER
Trustee or director
0.5$0
SARAH MALLOY MILLETTBOARD MEMBER
Trustee or director
0.5$0
ALEJANDRA CORTS DE MILMOBOARD MEMBER
Trustee or director
0.5$0
ELLEN MORITZBOARD MEMBER
Trustee or director
0.5$0
KAIA MORITZBOARD MEMBER
Trustee or director
0.5$0
BOBBY MURPHYBOARD MEMBER
Trustee or director
0.5$0
DAN PENNINGTONBOARD MEMBER
Trustee or director
0.5$0
JILL PLANCHERBOARD MEMBER
Trustee or director
0.5$0
MOLLY KIPPBOARD MEMBER
Trustee or director
0.5$0
DAVID SALVINBOARD MEMBER
Trustee or director
0.5$0
KEN SCHANZERBOARD MEMBER
Trustee or director
0.5$0
ANN SMEADBOARD MEMBER
Trustee or director
0.5$0
ADI SLIFERBOARD MEMBER
Trustee or director
0.5$0
KRISTIN TANGBOARD MEMBER
Trustee or director
0.5$0
FRED TRESCABOARD MEMBER
Trustee or director
0.5$0
WILL VERITYBOARD MEMBER
Trustee or director
0.5$0
TINA VARDAMANBOARD MEMBER
Trustee or director
0.5$0
NICK WAUGHBOARD MEMBER
Trustee or director
0.5$0
GARY WOODWORTHBOARD MEMBER
Trustee or director
0.5$0
KRISTY WOOLFOLKBOARD MEMBER
Trustee or director
0.5$0
TINA WILSONBOARD MEMBER
Trustee or director
0.5$0
990 for the year ended May 31, 2024: 52 people
NameTitleHours / weekCompensationOther / benefits
MICHAEL IMHOFPRESIDENT AND CEO
Trustee or director, Officer
15$360,050$34,593
SARAH FRANKEVP OF MARKETING & OPERATIONS
Key employee
40$219,948$46,375
DAVE DRESSMANVP OF SALES & GRFA
Key employee
40$200,080$60,761
JOSHUA CLOUDCHIEF FINANCIAL OFFICER
Officer
15$186,857$53,156
SIERRA ADAMSSVP PHILANTHROPY
Key employee
40$179,709$44,588
GREG BLOOMSENIOR DIRECTOR OF SALES
Highest-paid employee
40$187,650$18,373
JESSICA STEVENSSENIOR DIRECTOR OF SALES
Highest-paid employee
40$165,182$28,543
BRIAN MULLERIT DIRECTOR
Highest-paid employee
40$138,562$54,066
TRICIA BANCKERCONTROLLER
Highest-paid employee
40$105,235$72,578
MARTHA BRASSELSENIOR DIRECTOR OF DEVELOPMENT
Highest-paid employee
40$114,588$60,535
CHRIS JARNOTCHAIRMAN
Trustee or director, Officer
0.5$0$0
ANDY ARNOLDBOARD MEMBER
Trustee or director
0.5$0$0
JOHN ARNOLDBOARD MEMBER
Trustee or director
0.5$0$0
SAM BRONFMANBOARD MEMBER
Trustee or director
0.5$0$0
JEFFREY BYRNEBOARD MEMBER
Trustee or director
0.5$0$0
SUSAN CAMPBELLBOARD MEMBER
Trustee or director
0.5$0$0
WILL COOKBOARD MEMBER
Trustee or director
0.5$0$0
STEVE COYERBOARD MEMBER
Trustee or director
0.5$0$0
JOHANNES FAESSLERBOARD MEMBER
Trustee or director
0.5$0$0
CARLOS GARDEABOARD MEMBER
Trustee or director
0.5$0$0
MARGIE GARTBOARD MEMBER
Trustee or director
0.5$0$0
PAUL GORDONBOARD MEMBER
Trustee or director
0.5$0$0
NADIA GUERRIEROBOARD MEMBER
Trustee or director
0.5$0$0
CARRIE BESNETTE HAUSERBOARD MEMBER
Trustee or director
0.5$0$0
BETH HOWARDBOARD MEMBER
Trustee or director
0.5$0$0
AL HUBBARDBOARD MEMBER
Trustee or director
0.5$0$0
BJ HYBLBOARD MEMBER
Trustee or director
0.5$0$0
DAVID HYDEBOARD MEMBER
Trustee or director
0.5$0$0
CHERYL JENSENBOARD MEMBER
Trustee or director
0.5$0$0
ALEXIA JURSCHAKBOARD MEMBER
Trustee or director
0.5$0$0
ANNE-MARIE KEANEBOARD MEMBER
Trustee or director
0.5$0$0
MIKE KRUPKABOARD MEMBER
Trustee or director
0.5$0$0
DONNA LYNNEBOARD MEMBER
Trustee or director
0.5$0$0
SARAH MALLOY MILLETTBOARD MEMBER
Trustee or director
0.5$0$0
ALEJANDRA CORTS DE MILMOBOARD MEMBER
Trustee or director
0.5$0$0
ELLEN MORITZBOARD MEMBER
Trustee or director
0.5$0$0
KAIA MORITZBOARD MEMBER
Trustee or director
0.5$0$0
BOBBY MURPHYBOARD MEMBER
Trustee or director
0.5$0$0
DAN PENNINGTONBOARD MEMBER
Trustee or director
0.5$0$0
JILL PLANCHERBOARD MEMBER
Trustee or director
0.5$0$0
CHRIS ROMERBOARD MEMBER
Trustee or director
0.5$0$0
DAVID SALVINBOARD MEMBER
Trustee or director
0.5$0$0
KEN SCHANZERBOARD MEMBER
Trustee or director
0.5$0$0
ANN SMEADBOARD MEMBER
Trustee or director
0.5$0$0
HAP STEINBOARD MEMBER
Trustee or director
0.5$0$0
KRISTIN TANGBOARD MEMBER
Trustee or director
0.5$0$0
FRED TRESCABOARD MEMBER
Trustee or director
0.5$0$0
MELINA VALSECIABOARD MEMBER
Trustee or director
0.5$0$0
TINA VARDAMANBOARD MEMBER
Trustee or director
0.5$0$0
NICK WAUGHBOARD MEMBER
Trustee or director
0.5$0$0
GARY WOODWORTHBOARD MEMBER
Trustee or director
0.5$0$0
KRISTY WOOLFOLKBOARD MEMBER
Trustee or director
0.5$0$0
990 for the year ended May 31, 2023: 51 people
NameTitleHours / weekCompensationOther / benefits
MICHAEL IMHOFPRESIDENT AND CEO
Trustee or director, Officer
40$375,519$36,993
ROBERT FORD THRU 112022CHIEF FINANCIAL OFFICER
Officer
40$322,176$34,059
DAVE DRESSMANVP OF SALES & GRFA
Key employee
40$230,292$44,394
SARAH FRANKEVP OF MARKETING & OPERATIONS
Key employee
40$229,457$22,080
SARAH JOHNSONSVP PHILANTHROPY
Key employee
40$235,078$9,846
JESSICA STEVENSSENIOR DIRECTOR OF SALES
Highest-paid employee
40$200,323$30,095
BRIAN MULLERIT DIRECTOR
Highest-paid employee
40$177,189$23,726
GREG BLOOMSENIOR DIRECTOR OF SALES
Highest-paid employee
40$149,546$19,816
TRICIA BANCKERCONTROLLER
Highest-paid employee
40$111,681$50,956
PEGGY WOLFESENIOR DIRECTOR OF OPERATIONS
Highest-paid employee
40$140,185$17,688
CHRIS JARNOTCHAIRMAN
Trustee or director, Officer
0.5$0$0
JOHN ARNOLDBOARD MEMBER
Trustee or director
0.5$0$0
SAM BRONFMANBOARD MEMBER
Trustee or director
0.5$0$0
LINN BROOKSBOARD MEMBER
Trustee or director
0.5$0$0
SUSAN CAMPBELLBOARD MEMBER
Trustee or director
0.5$0$0
WILL COOKBOARD MEMBER
Trustee or director
0.5$0$0
STEVE COYERBOARD MEMBER
Trustee or director
0.5$0$0
JOHANNES FAESSLERBOARD MEMBER
Trustee or director
0.5$0$0
CARLOS GARDEABOARD MEMBER
Trustee or director
0.5$0$0
MARGIE GARTBOARD MEMBER
Trustee or director
0.5$0$0
PAUL GORDONBOARD MEMBER
Trustee or director
0.5$0$0
NADIA GUERRIEROBOARD MEMBER
Trustee or director
0.5$0$0
CARRIE BESNETTE HAUSERBOARD MEMBER
Trustee or director
0.5$0$0
BETH HOWARDBOARD MEMBER
Trustee or director
0.5$0$0
AL HUBBARDBOARD MEMBER
Trustee or director
0.5$0$0
BJ HYBLBOARD MEMBER
Trustee or director
0.5$0$0
DAVID HYDEBOARD MEMBER
Trustee or director
0.5$0$0
CHERYL JENSENBOARD MEMBER
Trustee or director
0.5$0$0
ALEXIA JURSCHAKBOARD MEMBER
Trustee or director
0.5$0$0
ANNE-MARIE KEANEBOARD MEMBER
Trustee or director
0.5$0$0
MIKE KRUPKABOARD MEMBER
Trustee or director
0.5$0$0
DONNA LYNNEBOARD MEMBER
Trustee or director
0.5$0$0
SARAH MALLOY MILLETTBOARD MEMBER
Trustee or director
0.5$0$0
ALEJANDRA CORTS DE MILMOBOARD MEMBER
Trustee or director
0.5$0$0
ELLEN MORITZBOARD MEMBER
Trustee or director
0.5$0$0
KAIA MORITZBOARD MEMBER
Trustee or director
0.5$0$0
DAN PENNINGTONBOARD MEMBER
Trustee or director
0.5$0$0
JILL PLANCHERBOARD MEMBER
Trustee or director
0.5$0$0
CHRIS ROMERBOARD MEMBER
Trustee or director
0.5$0$0
DAVID SALVINBOARD MEMBER
Trustee or director
0.5$0$0
KEN SCHANZERBOARD MEMBER
Trustee or director
0.5$0$0
MIKE SHANNONBOARD MEMBER
Trustee or director
0.5$0$0
ANN SMEADBOARD MEMBER
Trustee or director
0.5$0$0
HAP STEINBOARD MEMBER
Trustee or director
0.5$0$0
KRISTIN TANGBOARD MEMBER
Trustee or director
0.5$0$0
FRED TRESCABOARD MEMBER
Trustee or director
0.5$0$0
MELINA VALSECIABOARD MEMBER
Trustee or director
0.5$0$0
TINA VARDAMANBOARD MEMBER
Trustee or director
0.5$0$0
NICK WAUGHBOARD MEMBER
Trustee or director
0.5$0$0
GARY WOODWORTHBOARD MEMBER
Trustee or director
0.5$0$0
KRISTY WOOLFOLKBOARD MEMBER
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
PO BOX 6550, AVON, CO 81620-6550
Principal officer (990 for 2024)
MICHAEL IMHOF, PO BOX 6550, AVON, CO 81620
Signed the 990
MICHAEL IMHOF, PRESIDENT AND CEO
Phone
(970) 777-2015
Return prepared by
EIDE BAILLY LLP

Mission

VAIL VALLEY FOUNDATION WAS CREATED TO ENHANCE THE QUALITY OF LIFE IN THE VAIL VALLEY AND SHOWCASE OUR COMMUNITY TO A GLOBAL AUDIENCE THROUGH ARTS, ATHLETICS, AND EDUCATION.

990 for the year ended May 31, 2025

Program accomplishments

  • VAIL VALLEY FOUNDATION HOLDS THE VAIL DANCE FESTIVAL EVERY YEAR. THE FESTIVAL INCLUDES SEVERAL PERFORMANCES BY INTERNATIONAL COUPLES AND ENSEMBLES FROM MAJOR INTERNATIONAL COMPANIES HELD AT THE GERALD R. FORD AMPHITHEATER. THE PERFORMANCES VARY FROM YEAR TO YEAR, BUT FREQUENTLY INCLUDE GUEST ARTISTS FROM THE AMERICAN BALLET THEATRE AND OTHER WORLD-CLASS COMPANIES. THE FESTIVAL PROVIDES EDUCATION AND ENHANCES THE APPRECIATION AND AVAILABILITY OF DANCE IN THE VAIL COMMUNITY.
    Expenses $3,263,043 · revenue $1,215,858
  • VAIL VALLEY FOUNDATION HOSTS THE BIRDS OF PREY WORLD CUP INTERNATIONAL ALPINE SKI RACE ANNUALLY. THE RACE CONSISTS OF A WORLD CUP MEN'S SUPER-COMBINED, WORLD CUP MEN'S DOWNHILL, AND A WORLD CUP MEN'S SLALOM COMPETITION. THIS ATHLETIC EVENT ATTRACTS PEOPLE FROM AROUND THE WORLD HELPING TO PROMOTE THE TOWN OF VAIL AND THE QUALITY OF LIFE IN THE VAIL VALLEY AREA.
    Expenses $6,959,411 · revenue $4,917,477
  • VAIL VALLEY FOUNDATION HOLDS THE GOPRO MOUNTAIN GAMES ANNUALLY. THE EVENT IS THE COUNTRY'S LARGEST CELEBRATION OF MOUNTAIN SPORT, SOUL, AND CULTURE AND OCCURS ANNUALLY DURING THE SECOND WEEKEND OF JUNE. PROFESSIONAL AND AMATEUR OUTDOOR ADVENTURE ATHLETES FROM AROUND THE WORLD CONVERGE UPON THE MOUNTAINS AND RIVERS OF VAIL TO COMPETE IN EIGHT SPORTS AND TWENTY-ONE DISCIPLINES. IN ADDITION TO THE ATHLETIC EVENTS, THE MOUNTAIN GAMES INCLUDE A MOUNTAIN PHOTOGRAPHY COMPETITION, INTERACTIVE EXHIBITION AND DEMO AREA, LIVE MUSIC, AND MOUNTAIN LIFESTYLE PARTIES.
    Expenses $2,972,809 · revenue $3,120,685
  • VAIL VALLEY FOUNDATION HOSTS AND SPONSORS A VARIETY OF OTHER EVENTS IN THE VAIL VALLEY AREA INCLUDING HOT SUMMER NIGHTS AND SHOW DOWN TOWN. THE EVENTS HELP TO SUPPORT A VARIETY OF EDUCATIONAL PROGRAMS, OTHER NONPROFIT ORGANIZATIONS, STRENGTHENING FAMILIES WITHIN THE COMMUNITY, AND KEEPING THE COMMUNITY VITAL AND EXCITING.
    Expenses $5,359,087 · grants $2,980,893 · revenue $3,299,447

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990 on file

IRS record

EIN
74-2215035
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1982
Accounting year ends
May
Files
Form 990 or 990-EZ
Assets (IRS master file)
$40,890,321
Income (IRS master file)
$40,820,125

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025$39,283,892$22,805,925$40,890,321XML
990-TMay 2025–––IRS
990May 2024$18,338,909$18,231,990$22,947,537XML
990-TMay 2024–––IRS
990May 2023$16,349,038$17,260,616$23,091,607XML
990-TMay 2023–––IRS
990May 2022$18,789,291$17,159,635$22,993,237IRS
990-TMay 2022–––IRS
990May 2021–––IRS
990-TMay 2021–––IRS
990May 2020–––IRS
990May 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-2215035).

Questions about VAIL VALLEY FOUNDATION INC

What is the EIN of VAIL VALLEY FOUNDATION INC?
The employer identification number (EIN) of VAIL VALLEY FOUNDATION INC is 74-2215035.
Is VAIL VALLEY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
Are donations to VAIL VALLEY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VAIL VALLEY FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of VAIL VALLEY FOUNDATION INC due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VAIL VALLEY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2025.
Who is the principal officer of VAIL VALLEY FOUNDATION INC?
The 990 for the year ended May 31, 2025 names MICHAEL IMHOF.
Who are the officers and directors of VAIL VALLEY FOUNDATION INC?
The 990 for the year ended May 31, 2025 lists 53 people; 10 received compensation from the organization, the highest $376,473 (MICHAEL IMHOF, PRESIDENT AND CEO).
How much revenue does VAIL VALLEY FOUNDATION INC have?
On its 990 for the year ended May 31, 2025 it reported revenue of $39,283,892, expenses of $22,805,925 and total assets of $40,890,321 at year end.

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