Civic Intelligence

Carrabassett Valley Academy

990 • Fiscal year 2015 • EIN 01-0384633

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 12, 2016

Organization Profilewww.gocva.com

View Organization Page

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3197 Carrabassett DrCarrabassett Valley, ME 04947

(207) 237-2250

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.26x

Higher debt load relative to assets than 52% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

0.50x

Higher debt load relative to revenue than 67% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

75th percentile

15%

Higher net margin than 75% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

41st percentile

$148,114

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

36th percentile

-1.4%

Faster asset growth than 36% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

85th percentile

30%

Faster revenue growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$10,166,920

Down $144,014 (-1.4%) from 2014

Net Assets

Up

$7,535,063

Up $750,816 (+11%) from 2014

Liabilities

Down

$2,631,857

Down $894,830 (-25%) from 2014

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin75th percentile

Revenue

Up

$5,297,326

Up $1,225,294 (+30%) from 2014

Expenses

Up

$4,511,590

Up $546,105 (+14%) from 2014

Net Income

Up

$785,736

Up $679,189 (+637%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2012: $7,464,729Liabilities 2012: $830,910Net Assets 2012: $6,633,8192012Assets 2013: $9,696,599Liabilities 2013: $3,105,386Net Assets 2013: $6,591,2132013Assets 2014: $10,310,934Liabilities 2014: $3,526,687Net Assets 2014: $6,784,2472014Assets 2015: $10,166,920Liabilities 2015: $2,631,857Net Assets 2015: $7,535,0632015Assets 2016: $11,047,124Liabilities 2016: $1,873,829Net Assets 2016: $9,173,2952016Assets 2017: $11,493,109Liabilities 2017: $1,571,092Net Assets 2017: $9,922,0172017Assets 2018: $11,038,830Liabilities 2018: $1,390,712Net Assets 2018: $9,648,1182018Assets 2019: $10,875,391Liabilities 2019: $1,337,473Net Assets 2019: $9,537,9182019Assets 2020: $10,865,068Liabilities 2020: $1,523,552Net Assets 2020: $9,341,5162020Assets 2021: $11,857,906Liabilities 2021: $1,997,434Net Assets 2021: $9,860,4722021Assets 2022: $12,355,578Liabilities 2022: $1,541,785Net Assets 2022: $10,813,7932022Assets 2023: $13,644,586Liabilities 2023: $1,525,552Net Assets 2023: $12,119,0342023Assets 2024: $14,109,913Liabilities 2024: $1,575,777Net Assets 2024: $12,534,1362024Assets 2025: $14,997,776Liabilities 2025: $1,442,849Net Assets 2025: $13,554,9272025

Highlighted filing

2015

Assets$10,166,920
Liabilities$2,631,857
Net Assets$7,535,063
Open 2015 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $3,877,874Expenses 2012: $3,757,765Net Income 2012: $120,1092012Revenue 2013: $3,735,116Expenses 2013: $3,825,270Net Income 2013: -$90,1542013Revenue 2014: $4,072,032Expenses 2014: $3,965,485Net Income 2014: $106,5472014Revenue 2015: $5,297,326Expenses 2015: $4,511,590Net Income 2015: $785,7362015Revenue 2016: $6,413,070Expenses 2016: $4,707,134Net Income 2016: $1,705,9362016Revenue 2017: $4,833,411Expenses 2017: $4,158,744Net Income 2017: $674,6672017Revenue 2018: $3,538,267Expenses 2018: $3,901,534Net Income 2018: -$363,2672018Revenue 2019: $3,782,116Expenses 2019: $4,005,330Net Income 2019: -$223,2142019Revenue 2020: $3,657,306Expenses 2020: $3,897,638Net Income 2020: -$240,3322020Revenue 2021: $4,432,208Expenses 2021: $4,328,104Net Income 2021: $104,1042021Revenue 2022: $6,621,531Expenses 2022: $5,396,174Net Income 2022: $1,225,3572022Revenue 2023: $6,819,383Expenses 2023: $5,628,519Net Income 2023: $1,190,8642023Revenue 2024: $6,315,083Expenses 2024: $6,014,593Net Income 2024: $300,4902024Revenue 2025: $7,460,487Expenses 2025: $6,617,773Net Income 2025: $842,7142025

Highlighted filing

2015

Revenue$5,297,326
Expenses$4,511,590
Net Income$785,736
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 12, 2016
Return Version
2014v6.0
Gross Receipts
$5,346,816
Mission and Program Overview

Mission

The intent and purpose of Carrabassett Valley Academy is to foster focused individual student-athlete development by providing the optimum balance between oustanding college preparatory academics, responsible community living and world-class athletic training in competitive skiing and snowboarding.

College preparatory education and athletic training.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,231,735$7,988,345▼ $243,390
Investments in Publicly Traded Securities$804,607$774,938▼ $29,669
Pledges and Grants Receivable$447,492$744,257▲ $296,765
Savings and Temporary Cash Investments$57,140$107,882▲ $50,742
Accounts Receivable$233,671$91,333▼ $142,338
Cash and Non-Interest-Bearing Accounts$171,966$73,609▼ $98,357
Prepaid Expenses and Deferred Charges$28,439$52,838▲ $24,399
Inventories for Sale or Use$5,804$9,532▲ $3,728
Total Assets$10,310,934$10,166,920▼ $144,014
Other Assets Total$330,080$324,186▼ $5,894
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,102,213$2,430,279▼ $671,934
Accounts Payable and Accrued Expenses$147,820$131,130▼ $16,690
Other Liabilities$83,509$0▼ $83,509
Deferred Revenue$190,957$70,448▼ $120,509
Unsecured Notes Loans Payable$2,188$0▼ $2,188
Total Liabilities$3,526,687$2,631,857▼ $894,830
Net Assets / Fund Balance
Unrestricted Net Assets$4,775,832$6,167,704▲ $1,391,872
Permanently Rstr Net Assets$508,836$733,159▲ $224,323
Temporarily Rstr Net Assets$1,499,579$634,200▼ $865,379
Total Net Assets Fund Balance$6,784,247$7,535,063▲ $750,816
Total Liabilities and Net Assets / Fund Balance$10,310,934$10,166,920▼ $144,014

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,878,342$1,375,174$8,253,516
Equipment$327,023$483,197$810,220
Land$667,909-$667,909
Other Land Buildings$115,071$368,326$483,397

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$861,747$17,575▲ $20,774$17,438$882,658
2013$719,259$38,121▲ $124,773$20,406$861,747
2012$641,100$6,235▲ $90,915$18,991$719,259
2011$663,465$1,050▼ $10,987$12,428$641,100
2010$604,368$26,930▲ $53,865$21,698$663,465
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate PundersonHead of SchoolFT$125,787$22,327$148,114
Steve SitzDirector of FinanceFT$61,410$13,736$75,146

Board Members and Trustees

NameTitle
Rev Earle MorseChair
Paul FritzsonVice Chair
Bonnie PotterDirector
Bruce MilesDirector
Carol Fremont-SmithDirector
Carter WitherspoonDirector
Christopher P LorenzDirector
James PelletierDirector
Jamie PotterDirector
John P PoirierDirector
John W DillerDirector
Joshua SilverDirector
Kevin BurnsDirector
Kim KearingDirector
Patrick WillihanDirector
Paul Fremont-Smith JrDirector
Seth WescottDirector
Victoria RobinsonDirector
Susie PeixottoSecretary
Emily Dickinson LeeteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,170,933
Program Service Revenue
$3,955,254
Investment Income
$98,528
Other Revenue
$72,611
All Other Contributions
$1,158,933
Change in Net Assets
$785,736

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$46,091Fair Market Value (FMV)
Total Noncash Contributions3$46,091-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,290,711
Revenue Not Reported on Financial Statements
$6,615
Revenue Not Reported on Form 990
$14,570
Total Revenue per Audited Statements
$5,305,281
Total Revenue per Form 990
$5,297,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,479,506
Other Expenses$2,021,084
Total Fundraising Expense$37,125
Grants and Similar Amounts Paid$11,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,407,924$484,988-$1,892,912
Travel$532,974$1,933$620$535,527
Occupancy$332,738--$332,738
Depreciation Depletion$286,766--$286,766
Current Officers, Directors, Trustees, and Key Employees-$223,260-$223,260
Other Employee Benefits$147,131$43,049-$190,180
Office Expenses$18,831$118,400$11,835$149,066
Payroll Taxes$95,359$51,241-$146,600
Insurance$24,400$83,886-$108,286
Interest$97,175--$97,175
Other Expenses$22,470$8,341$16,044$46,855
Fees for Services Other-$42,662-$42,662
Information Technology$29,608$10,994-$40,602
Pension Plan Contributions$14,580$11,974-$26,554
Fees for Services Legal-$22,530-$22,530
Advertising$711$21,194-$21,905
Fees for Services Accounting-$12,650-$12,650
Grants to Domestic Individuals$11,000--$11,000
Conferences and Meetings-$8,344-$8,344
Fees for Service Investment Mgmnt Fees-$6,615-$6,615
Total Functional Expenses$3,294,628$1,179,837$37,125$4,511,590

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,554,465
Total Expenses per Form 990$4,511,590
Expenses per Audited Statements$4,504,975
Expenses Not Reported on Form 990$49,490
Expenses Not Reported on Financial Statements$6,615
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$122,101
Fundraising Direct Expenses$49,490
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle/Auction$98,108$86,108$5,338$80,770
Used Ski Sale$35,993$35,993$28,177$7,816
Total Events$134,101$122,101$49,490$72,611
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“Paul Fremont-Smith, Trustee, & Carol Fremont-Smith, Trustee, have a family relationship. Bonnie Potter, Trustee, and Jamie Potter, Trustee, have a family relationship.”

Form 990, Part VI, Section B, line 11

“The Director of Finance reviews the Form 990 prior to filing.”

Form 990, Part VI, Section B, line 12C

“The Board of Directors are required to disclose potential conflicts of interest annually. Members are asked to review and sign a disclosure annually stating compliance with the policy.”

Form 990, Part VI, Section B, line 15

“The Academy participates in the Independent Schools Assocation of Northern New England (ISANNE) salary study and reviews the salaries of key employees annually.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Carrabassett Valley Academy
EIN
01-0384633
Phone
2072372250
Address
3197 Carrabassett Dr, Carrabassett Valley, ME 04947

Signing Officer

Name
Steve Sitz
Title
Director of Finance
Phone
2072372250
Signed
2016-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kate Punderson
Formed
1983
Legal Domicile
Me
Voting Board Members
20
Independent Board Members
20
Employees
108
Volunteers
35

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
PO Box 1100, Portland, ME 04104-1100
Preparer
Barbara J McGuan CPA
Phone
2077752387
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Change in Beneficial Interest 5,916.”

Financial Statement Notes

Part V, Line 4:

“The academy intends to use its endowment funds to further its mission, including providing scholarships for its students.”

Part XI, Line 2D - Other Adjustments:

“Change in Beneficial Interest 5,916. Fundraising Expenses 49,490.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Expenses 49,490.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Carter Witherspoon
IRS990/Form990PartVIISectionAGrp/PersonNm1Kevin Burns
IRS990/Form990PartVIISectionAGrp/PersonNm2John W Diller
IRS990/Form990PartVIISectionAGrp/PersonNm3Paul Fremont-Smith Jr
IRS990/Form990PartVIISectionAGrp/PersonNm4Carol Fremont-Smith
IRS990/Form990PartVIISectionAGrp/PersonNm5Paul Fritzson
IRS990/Form990PartVIISectionAGrp/PersonNm6Kim Kearing
IRS990/Form990PartVIISectionAGrp/PersonNm7Emily Dickinson Leete
IRS990/Form990PartVIISectionAGrp/PersonNm8Christopher P Lorenz
IRS990/Form990PartVIISectionAGrp/PersonNm9Bruce Miles
IRS990/Form990PartVIISectionAGrp/PersonNm10Rev Earle Morse
IRS990/Form990PartVIISectionAGrp/PersonNm11Susie Peixotto
IRS990/Form990PartVIISectionAGrp/PersonNm12James Pelletier
IRS990/Form990PartVIISectionAGrp/PersonNm13John P Poirier
IRS990/Form990PartVIISectionAGrp/PersonNm14Bonnie Potter
IRS990/Form990PartVIISectionAGrp/PersonNm15Jamie Potter
IRS990/Form990PartVIISectionAGrp/PersonNm16Victoria Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm17Joshua Silver
IRS990/Form990PartVIISectionAGrp/PersonNm18Seth Wescott
IRS990/Form990PartVIISectionAGrp/PersonNm19Patrick Willihan
IRS990/Form990PartVIISectionAGrp/PersonNm20Kate Punderson
IRS990/Form990PartVIISectionAGrp/PersonNm21Steve Sitz
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20125787
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2161410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt11Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director of Finance
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt012000
IRS990/FundraisingDirectExpensesAmt049490
IRS990/FundraisingGrossIncomeAmt0122101
IRS990/GainOrLossGrp/SecuritiesAmt042943
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantAmt011000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt011000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt011000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt042943
IRS990/GrossReceiptsAmt05346816
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt010994
IRS990/InformationTechnologyGrp/ProgramServicesAmt029608
IRS990/InformationTechnologyGrp/TotalAmt040602
IRS990/InsuranceGrp/ManagementAndGeneralAmt083886
IRS990/InsuranceGrp/ProgramServicesAmt024400
IRS990/InsuranceGrp/TotalAmt0108286
IRS990/InterestGrp/ProgramServicesAmt097175
IRS990/InterestGrp/TotalAmt097175
IRS990/InventoriesForSaleOrUseGrp/BOYAmt05804
IRS990/InventoriesForSaleOrUseGrp/EOYAmt09532
IRS990/InvestmentIncomeGrp/ExclusionAmt055585
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt055585
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0804607
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0774938
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02226697
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08231735
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07988345
IRS990/LandBldgEquipCostOrOtherBssAmt010215042
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The intent and purpose of Carrabassett Valley Academy is to foster focused individual student-athlete development by providing the optimum balance between outstanding college preparatory academics, responsible community living and world-class athletic training in competitive skiing and snowboarding.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03102213
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02430279
IRS990/NetAssetsOrFundBalancesBOYAmt06784247
IRS990/NetAssetsOrFundBalancesEOYAmt07535063
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt042943
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt042943
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt072611
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt072611
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-40836
IRS990/NoncashContributionsAmt046091
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0332738
IRS990/OccupancyGrp/TotalAmt0332738
IRS990/OfficeExpensesGrp/FundraisingAmt011835
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0118400
IRS990/OfficeExpensesGrp/ProgramServicesAmt018831
IRS990/OfficeExpensesGrp/TotalAmt0149066
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0330080
IRS990/OtherAssetsTotalGrp/EOYAmt0324186
IRS990/OtherChangesInNetAssetsAmt05916
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt043049
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0147131
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0190180
IRS990/OtherExpensesGrp/Desc0Food Costs
IRS990/OtherExpensesGrp/Desc1Miscellaneous Expenses
IRS990/OtherExpensesGrp/Desc2Student Activities/Even
IRS990/OtherExpensesGrp/Desc3School Events
IRS990/OtherExpensesGrp/FundraisingAmt08626
IRS990/OtherExpensesGrp/FundraisingAmt116044
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt027776
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18341
IRS990/OtherExpensesGrp/ProgramServicesAmt0175326
IRS990/OtherExpensesGrp/ProgramServicesAmt142400
IRS990/OtherExpensesGrp/ProgramServicesAmt255235
IRS990/OtherExpensesGrp/ProgramServicesAmt322470
IRS990/OtherExpensesGrp/TotalAmt0175326
IRS990/OtherExpensesGrp/TotalAmt178802
IRS990/OtherExpensesGrp/TotalAmt255235
IRS990/OtherExpensesGrp/TotalAmt346855
IRS990/OtherLiabilitiesGrp/BOYAmt083509
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0484988
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01407924
IRS990/OtherSalariesAndWagesGrp/TotalAmt01892912
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt051241
IRS990/PayrollTaxesGrp/ProgramServicesAmt095359
IRS990/PayrollTaxesGrp/TotalAmt0146600
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt011974
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014580
IRS990/PensionPlanContributionsGrp/TotalAmt026554
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0508836
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0733159
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0447492
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0744257
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028439
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt052838
IRS990/PrincipalOfficerNm0Kate Punderson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0Tuition
IRS990/ProgramServiceRevenueGrp/Desc1Auxiliary Activities
IRS990/ProgramServiceRevenueGrp/Desc2Instructional Travel
IRS990/ProgramServiceRevenueGrp/Desc3Miscellaneous Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02849557
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1606916
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2478782
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt319999
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02849557
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1606916
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2478782
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt319999
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0623502
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0157850
IRS990/PYOtherExpensesAmt01756041
IRS990/PYOtherRevenueAmt0132651
IRS990/PYProgramServiceRevenueAmt03158029
IRS990/PYRevenuesLessExpensesAmt0106547
IRS990/PYSalariesCompEmpBnftPaidAmt02209444
IRS990/PYTotalExpensesAmt03965485

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,166,920
Liabilities
$2,631,857
Net assets
$7,535,063
Revenue
$5,297,326
Expenses
$4,511,590
Net income
$785,736
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$1.44$13.6$7.46$6.62$0.84
2024Detailed filing. Detailed filing data is available for this year.$14.1$1.58$12.5$6.32$6.01$0.30
2023Detailed filing. Detailed filing data is available for this year.$13.6$1.53$12.1$6.82$5.63$1.19
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$1.54$10.8$6.62$5.40$1.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$2.00$9.86$4.43$4.33$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$1.52$9.34$3.66$3.90$0.24
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$1.34$9.54$3.78$4.01$0.22
2018Detailed filing. Detailed filing data is available for this year.$11.0$1.39$9.65$3.54$3.90$0.36
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.5$1.57$9.92$4.83$4.16$0.67
2016Detailed filing. Detailed filing data is available for this year.$11.0$1.87$9.17$6.41$4.71$1.71
2015Detailed filing. Detailed filing data is available for this year.$10.2$2.63$7.54$5.30$4.51$0.79
2014Detailed filing. Detailed filing data is available for this year.$10.3$3.53$6.78$4.07$3.97$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.70$3.11$6.59$3.74$3.83$0.09
2012Summary only. Only limited summary data is available for this year.$7.46$0.83$6.63$3.88$3.76$0.12