Nonprofit · EIN 87-0766886
TETON VALLEY FOUNDATION INC
Tax-exempt · VICTOR, ID 83455
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $958,869 | $1,003,156 | -$44,287 | $526,666 | $181,331 | $345,335 |
| September 30, 2024 | 990 | $899,400 | $966,103 | -$66,703 | $517,320 | $128,347 | $388,973 |
| September 30, 2023 | 990 | $757,731 | $883,504 | -$125,773 | $540,034 | $84,628 | $455,406 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $411,484
- Program service revenue
- $416,847
- Investment income
- $692
- Net income from fundraising events
- $20,127
- Net income from gaming
- $9,570
- Net income from sales of inventory
- $96,749
- Other revenue
- $129,846
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $93,212
- Other salaries and wages
- $271,184
- Salaries, compensation and benefits (total)
- $410,823
- Professional fundraising fees
- $0
- Accounting fees
- $1,214
- Occupancy
- $37,924
- Travel
- $16,849
- Depreciation
- $26,647
- Program services (functional)
- $821,982
- Management and general (functional)
- $156,683
- Fundraising (functional)
- $24,491
Balance sheet and other
- Total assets, start of year
- $517,320
- Total assets, end of year
- $526,666
- Total liabilities, end of year
- $181,331
- Net assets, end of year
- $345,335
- Land, buildings and equipment
- $86,883
- Net assets without donor restrictions
- $293,233
- Net assets with donor restrictions
- $52,102
- Gross receipts
- $1,010,813
- Employees
- 32
- Volunteers
- 205
- Year formed
- 2005
- State of legal domicile
- ID
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Megan LaTorre | Executive Director Officer | 40 | $76,069 | $3,323 |
| John Rockefeller | Interim Executive Director Officer | 40 | $23,316 | $1,454 |
| Alex Seddon | Board Chair - Term Ended 8/30/25 Trustee or director, Officer | 2 | $0 | $0 |
| Derek Ellis | Board Chair - Term Began 9/1/25 Trustee or director, Officer | 2 | $0 | $0 |
| Cait Barilec | Vice Chair - Term Began 9/1/25 Trustee or director, Officer | 0.5 | $0 | $0 |
| Mara Brannon | Treasurer/Secretary (9/1/25) Trustee or director, Officer | 0.5 | $0 | $0 |
| Liz Moseley | Secretary - Term Ended 8/30/25 Trustee or director, Officer | 0.5 | $0 | $0 |
| Susan Jackson | Board Member/Treasurer (9/1/25) Trustee or director, Officer | 0.5 | $0 | $0 |
| Hilary Calagna | Board Member Trustee or director | 0.5 | $0 | $0 |
| Ari Kotler | Board Member Trustee or director | 0.5 | $0 | $0 |
| John Gavin | Board Member Trustee or director | 0.5 | $0 | $0 |
| Kurt Grimmelman | Board Member Trustee or director | 0.5 | $0 | $0 |
| Cheryl Dorn | Board Member Trustee or director | 0.5 | $0 | $0 |
990 for the year ended September 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN ROCKEFELLER | EXECUTIVE DIRECTOR Officer | 40 | $32,846 | $1,246 |
| TIM ADAMS | INTERIM ED/BOD SUPPORT Officer | 40 | $11,000 | $0 |
| MEGAN LATORRE | EXECUTIVE DIRECTOR Officer | 40 | $7,385 | $0 |
| ALEX SEDDON | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| MARA BRANNON | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| LIZ MOSELEY | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| DEREK ELLIS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KURT GREMMELMANN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOY HART | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ARI KOTLER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended September 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Amy Fradley | Executive Director Officer | 40 | $67,656 | $2,030 |
| John Rockefeller | Executive Director Officer | 40 | $0 | $0 |
| Alex Seddon | Board Chair Trustee or director, Officer | 5 | $0 | $0 |
| Julie Stomper | Secretary Trustee or director, Officer | 3 | $0 | $0 |
| Mara Brannon | Treasurer Trustee or director, Officer | 3 | $0 | $0 |
| Kurt Grimmelmann | Board Member Trustee or director | 3 | $0 | $0 |
| Ari Kotler | Board Member Trustee or director | 2 | $0 | $0 |
| Joy Hart | Board Member Trustee or director | 2 | $0 | $0 |
| Derek Ellis | Board Member Trustee or director | 2 | $0 | $0 |
| Liz Moseley | Board Member Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 50, VICTOR, ID 83455-0050
- In care of
- % CATHY OCONNOR
- Principal officer (990 for 2024)
- Derek Ellis, PO Box 50, Victor, ID 83455
- Signed the 990
- Derek Ellis, Board Chair
- Phone
- (208) 970-7486
- Return prepared by
- Blacksmith CPA
Mission
To make the good life in Teton Valley even better for residents and visitors alike through recreational and cultural programs that create community connections and enhance the local economy.
Program accomplishments
- The Kotler Ice Arena is a seasonal community ice rink operated by Teton Valley Foundation that provides affordable and accessible winter recreation opportunities for residents and visitors throughout Teton Valley. Bustling with activity throughout the winter season, the facility serves more than 1,500 users each week and hosts approximately 10 tournaments, competitions, and special events annually, bringing more than 5,000 visitors to Teton Valley each winter.The arena is home to the Cutthroats Youth Hockey program, which supports approximately 130 youth athletes ages 4 to 18 through skill development, competition, and character-building opportunities. In addition to youth hockey, the facility offers adult hockey leagues, learn-to-skate programs, figure skating, curling, public skating sessions, school partnerships, and community events.As a critical winter gathering place, the Kotler Ice Arena promotes physical activity, youth engagement, and community connection during months when outdoor recreation opportunities are limited. By prioritizing safety, affordability, and broad community access, the program reduces barriers to participation and supportshealthy lifestyles while contributing to the local economy through sports tourism and regional events.Expenses $564,756 · revenue $398,028
- Music on Main is a free, donation-based summer concert series operated by Teton Valley Foundation that provides accessible arts and cultural programming for residents and visitors throughout Teton Valley. Held weekly in Victor City Park, the eight-week series attracts approximately 3,500 attendees per concert, welcoming more than 28,000 attendees over the course of each summer season.The program removes financial barriers to participation by offering high-quality live music performances at no cost to attendees, ensuring broad access for individuals and families of all ages, backgrounds, and income levels. In addition to nationally and regionally touring musical acts, Music on Main provides opportunities for local nonprofits, artists, vendors, and community organizations to engage with the public.Music on Main serves as a significant driver of community connection and economic activity, drawing visitors from throughout the Greater Yellowstone region and supporting local restaurants, retailers, lodging providers, and other businesses. The series is made possible through the support of sponsors, donors, and more than 80 community volunteers who contribute over 400 volunteer shifts each season.By providing free access to arts and culture in a rural community, Music on Main strengthens quality of life, fosters social connection, promotes community pride, and contributes to the economic vitality of Teton Valley.Expenses $257,226 · revenue $22,219
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | Check at the IRS |
| 2023 | April 30, 2024 | September 16, 2024 | Check at the IRS |
IRS record
- EIN
- 87-0766886
- 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
- 2007
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $526,666
- Income (IRS master file)
- $1,010,813
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $958,869 | $1,003,156 | $526,666 | XML |
| 990 | September 2024 | $899,400 | $966,103 | $517,320 | XML |
| 990 | September 2023 | $757,731 | $883,504 | $540,034 | XML |
| 990 | September 2022 | $740,573 | $789,519 | $697,581 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 87-0766886).
Questions about TETON VALLEY FOUNDATION INC
- What is the EIN of TETON VALLEY FOUNDATION INC?
- The employer identification number (EIN) of TETON VALLEY FOUNDATION INC is 87-0766886.
- Is TETON VALLEY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to TETON VALLEY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TETON 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 TETON VALLEY FOUNDATION INC due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TETON VALLEY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of TETON VALLEY FOUNDATION INC?
- The 990 for the year ended September 30, 2025 names Derek Ellis.
- Who are the officers and directors of TETON VALLEY FOUNDATION INC?
- The 990 for the year ended September 30, 2025 lists 13 people; 2 received compensation from the organization, the highest $76,069 (Megan LaTorre, Executive Director).
- How much revenue does TETON VALLEY FOUNDATION INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $958,869, expenses of $1,003,156 and total assets of $526,666 at year end.
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All nonprofits in VICTOR · Idaho · Philanthropy, voluntarism and grantmaking foundations