Nonprofit · EIN 81-4001960
FRIENDS OF VAIL INC
Tax-exempt · PILOT POINT, TX 76258
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $236,281 | $212,245 | $24,036 | $425,967 | $0 | $425,967 |
| December 31, 2024 | 990 | $99,555 | $165,410 | -$65,855 | $407,556 | $5,625 | $401,931 |
| December 31, 2023 | 990 | $201,607 | $64,015 | $137,592 | $467,786 | $0 | $467,786 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $262,936
- Program service revenue
- $0
- Investment income
- $21,866
- Net gain from sales of assets
- $13,735
- Net income from fundraising events
- -$52,975
- Tax-exempt bond proceeds
- $1,051
- Other revenue
- -$48,521
Expenses
- Grants and similar amounts paid
- $153,354
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,700
- Travel
- $31,841
- Program services (functional)
- $212,245
Balance sheet and other
- Total assets, start of year
- $407,556
- Total assets, end of year
- $425,967
- Total liabilities, end of year
- $0
- Net assets, end of year
- $425,967
- Gross receipts
- $453,097
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2016
- State of legal domicile
- TX
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHAD CHANCE | PESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 |
| SUSAN CHANCE | SECRETARY/TREASURER/DIRECT Trustee or director, Officer | 2 | $0 |
| LEE RAMSEY | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHAD CHANCE | PESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 |
| SUSAN CHANCE | SECRETARY/TREASURER/DIRECT Trustee or director, Officer | 2 | $0 |
| LEE RAMSEY | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHAD CHANCE | PESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 |
| SUSAN CHANCE | SECRETARY/TREASURER/DIRECT Trustee or director, Officer | 2 | $0 |
| LEE RAMSEY | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 9996 FOUR HORSE TRAIL, PILOT POINT, TX 76258-0000
- Principal officer (990 for 2025)
- CHAD CHANCE, 9996 FOUR HORSE TRAIL, PILOT POINT, TX 76258
- Signed the 990
- CHAD CHANCE, PRESIDENT
- Phone
- (303) 694-2190
- Return prepared by
- AMG NATIONAL TRUST BANK
Mission
THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO RECEIVE CONTRIBUTIONS AND TO MAKE GRANTS TO QUALIFIED ORGANIZATIONS.
Program accomplishments
- COURT APPOINTED SPECIAL ADVOCATES (CASA) - TO ADVOCATE FOR THE BEST INTERESTS OF ABUSED AND NEGLECTED CHILDREN IN THE COURT SYSTEM.Expenses $9,115 · grants $9,115
- TEXAS A & M FOUNDATION (MEMORIAL ENDOWED SCHOLARSHIP) - FOR EDUCATION SCHOLARSHIPExpenses $21,500 · grants $21,500
- BOOK BUS INC (THE BOOK BUS) - FOR LIBRARIES TO IMPROVE EDUCATION, LITERACY AND LEARNINGExpenses $66,500 · grants $66,500
- OTHER PROGRAM SERVICES TO 501(C)(3) ORGANIZATIONSExpenses $115,130 · grants $56,239
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-4001960
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $425,967
- Income (IRS master file)
- $453,097
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $236,281 | $212,245 | $425,967 | IRS |
| 990 | December 2024 | $99,555 | $165,410 | $407,556 | XML |
| 990 | December 2023 | $201,607 | $64,015 | $467,786 | XML |
| 990 | December 2022 | $190,700 | $117,874 | $330,194 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 81-4001960).
Questions about FRIENDS OF VAIL INC
- What is the EIN of FRIENDS OF VAIL INC?
- The employer identification number (EIN) of FRIENDS OF VAIL INC is 81-4001960.
- Is FRIENDS OF VAIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to FRIENDS OF VAIL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF VAIL 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 FRIENDS OF VAIL INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF VAIL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FRIENDS OF VAIL INC?
- The 990 for the year ended December 31, 2025 names CHAD CHANCE.
- Who are the officers and directors of FRIENDS OF VAIL INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF VAIL INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $236,281, expenses of $212,245 and total assets of $425,967 at year end.
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