Civic Intelligence

Carrabassett Valley Academy

990 • Fiscal year 2016 • EIN 01-0384633

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 10, 2017

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

43rd percentile

0.17x

Higher debt load relative to assets than 43% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

54th percentile

0.29x

Higher debt load relative to revenue than 54% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

85th percentile

27%

Higher net margin than 85% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

42nd percentile

$151,952

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

72nd percentile

8.7%

Faster asset growth than 72% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

81st percentile

21%

Faster revenue growth than 81% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$11,047,124

Up $880,204 (+8.7%) from 2015

Net Assets

Up

$9,173,295

Up $1,638,232 (+22%) from 2015

Liabilities

Down

$1,873,829

Down $758,028 (-29%) from 2015

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin85th percentile

Revenue

Up

$6,413,070

Up $1,115,744 (+21%) from 2015

Expenses

Up

$4,707,134

Up $195,544 (+4.3%) from 2015

Net Income

Up

$1,705,936

Up $920,200 (+117%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth72nd 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

2016

Assets$11,047,124
Liabilities$1,873,829
Net Assets$9,173,295
Open 2016 Filing

Operations Trend

Revenue Growth81st 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

2016

Revenue$6,413,070
Expenses$4,707,134
Net Income$1,705,936
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 10, 2017
Return Version
2015v3.0
Gross Receipts
$6,459,542
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$7,988,345$8,042,844▲ $54,499
Pledges and Grants Receivable$744,257$905,750▲ $161,493
Investments in Publicly Traded Securities$774,938$796,714▲ $21,776
Cash and Non-Interest-Bearing Accounts$73,609$750,816▲ $677,207
Prepaid Expenses and Deferred Charges$52,838$78,506▲ $25,668
Savings and Temporary Cash Investments$107,882$65,196▼ $42,686
Accounts Receivable$91,333$64,784▼ $26,549
Inventories for Sale or Use$9,532$10,780▲ $1,248
Total Assets$10,166,920$11,047,124▲ $880,204
Other Assets Total$324,186$331,734▲ $7,548
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,430,279$1,688,226▼ $742,053
Accounts Payable and Accrued Expenses$131,130$130,137▼ $993
Deferred Revenue$70,448$55,466▼ $14,982
Total Liabilities$2,631,857$1,873,829▼ $758,028
Net Assets / Fund Balance
Unrestricted Net Assets$6,167,704$7,106,984▲ $939,280
Temporarily Rstr Net Assets$634,200$1,295,047▲ $660,847
Permanently Rstr Net Assets$733,159$771,264▲ $38,105
Total Net Assets Fund Balance$7,535,063$9,173,295▲ $1,638,232
Total Liabilities and Net Assets / Fund Balance$10,166,920$11,047,124▲ $880,204

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,697,148$1,556,369$8,253,517
Equipment$288,945$463,619$752,564
Other Land Buildings$388,842$307,637$696,479
Land$667,909-$667,909

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$882,658$9,800▼ $10,335$20,213$861,910
2015$861,747$17,575▲ $20,774$17,438$882,658
2014$719,259$38,121▲ $124,773$20,406$861,747
2013$641,100$6,235▲ $90,915$18,991$719,259
2012$663,465$1,050▼ $10,987$12,428$641,100
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate PundersonHead of SchoolFT$127,736$24,216$151,952
Michael SavageDirector of Alpine DepartmentFT$107,857$105$107,962
Steve SitzDirector of FinanceFT$61,126$14,367$75,493

Board Members and Trustees

NameTitle
Rev Earle MorseChair
Paul FritzsonVice Chair
Bonnie PotterTrustee
Bruce MilesTrustee
Carol Fremont-SmithTrustee
Christopher P LorenzTrustee
James PelletierTrustee
John Carter WitherspoonTrustee
John P PoirierTrustee
Joshua SilverTrustee
Karl StrandTrustee
Kevin BurnsTrustee
Kim KearingTrustee
Lloyd CuttlerTrustee
Patrick WillihanTrustee
Paul Fremont-Smith JrTrustee
Seth WescottTrustee
Susie PeixottoTrustee
Victoria RobinsonTrustee
Jamie PotterSecretary
Emily Dickinson LeeteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,069,762
Program Service Revenue
$4,195,976
Investment Income
$60,333
Other Revenue
$86,999
All Other Contributions
$2,069,762
Change in Net Assets
$1,705,936

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded17$91,667Stock Market Value
Total Noncash Contributions17$91,667-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,402,563
Revenue Not Reported on Financial Statements
$10,507
Revenue Not Reported on Form 990
$-21,232
Total Revenue per Audited Statements
$6,381,331
Total Revenue per Form 990
$6,413,070
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,626,041
Other Expenses$2,069,818
Total Fundraising Expense$16,441
Grants and Similar Amounts Paid$11,275
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,485,540$525,156-$2,010,696
Travel$677,653$2,415$1,159$681,227
Occupancy$300,244--$300,244
Depreciation Depletion$292,361--$292,361
Current Officers, Directors, Trustees, and Key Employees-$227,445-$227,445
Other Employee Benefits$158,017$43,030-$201,047
Payroll Taxes$101,949$54,777-$156,726
Office Expenses$19,731$116,248$11,659$147,638
Insurance$24,005$77,204-$101,209
Interest$65,316--$65,316
Information Technology$37,131$10,928-$48,059
Fees for Services Other-$35,817-$35,817
Other Expenses$21,414$7,634$1,418$30,466
Pension Plan Contributions$14,353$15,774-$30,127
Fees for Services Accounting-$21,728-$21,728
Advertising$1,789$17,885-$19,674
Grants to Domestic Individuals$11,275--$11,275
Fees for Service Investment Mgmnt Fees-$10,507-$10,507
Conferences and Meetings-$10,342-$10,342
Fees for Services Legal-$6,325-$6,325
Total Functional Expenses$3,479,821$1,210,872$16,441$4,707,134

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,743,099
Total Expenses per Form 990$4,707,134
Expenses per Audited Statements$4,696,627
Expenses Not Reported on Form 990$46,472
Expenses Not Reported on Financial Statements$10,507
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$133,471
Fundraising Direct Expenses$46,472
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle/Auction$102,176$102,176$4,892$97,284
Used Ski Sale$31,295$31,295$24,952$6,343
Total Events$133,471$133,471$46,472$86,999
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 and after 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. Any potential conflicts are reviewed by the Director of Finance, Head of School and, if necessary, the full Board of Trustees.”

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
2017-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kate Punderson
Formed
1983
Legal Domicile
Me
Voting Board Members
21
Independent Board Members
21
Employees
119
Volunteers
30

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
PO Box 1100, Portland, ME 04104-1100
Preparer
Joseph R Byrne CPA
Phone
2077752387
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 10: Land, Buildings, and Equipment

“Section 1.263(a)-3(n) Election: Carrabassett Valley Academy 3197 Carrabassett Dr. Carrabassett Valley, ME 04947 EIN: 01-0384633 Section 1.263(a)-3(n) Election: Carrabassett Valley Academy is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

Form 990, Part XI, line 9:

“Change in Beneficial Interest -7,543.”

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 -7,543. Fundraising Expenses 46,472.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Expenses 46,472.”

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IRS990/Form990PartVIISectionAGrp/PersonNm1Paul Fritzson
IRS990/Form990PartVIISectionAGrp/PersonNm2Emily Dickinson Leete
IRS990/Form990PartVIISectionAGrp/PersonNm3Jamie Potter
IRS990/Form990PartVIISectionAGrp/PersonNm4Kevin Burns
IRS990/Form990PartVIISectionAGrp/PersonNm5Lloyd Cuttler
IRS990/Form990PartVIISectionAGrp/PersonNm6Paul Fremont-Smith Jr
IRS990/Form990PartVIISectionAGrp/PersonNm7Carol Fremont-Smith
IRS990/Form990PartVIISectionAGrp/PersonNm8Kim Kearing
IRS990/Form990PartVIISectionAGrp/PersonNm9Christopher P Lorenz
IRS990/Form990PartVIISectionAGrp/PersonNm10Bruce Miles
IRS990/Form990PartVIISectionAGrp/PersonNm11Susie Peixotto
IRS990/Form990PartVIISectionAGrp/PersonNm12James Pelletier
IRS990/Form990PartVIISectionAGrp/PersonNm13John P Poirier
IRS990/Form990PartVIISectionAGrp/PersonNm14Bonnie Potter
IRS990/Form990PartVIISectionAGrp/PersonNm15Victoria Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm16Joshua Silver
IRS990/Form990PartVIISectionAGrp/PersonNm17Karl Strand
IRS990/Form990PartVIISectionAGrp/PersonNm18Seth Wescott
IRS990/Form990PartVIISectionAGrp/PersonNm19Patrick Willihan
IRS990/Form990PartVIISectionAGrp/PersonNm20John Carter Witherspoon
IRS990/Form990PartVIISectionAGrp/PersonNm21Kate Punderson
IRS990/Form990PartVIISectionAGrp/PersonNm22Steve Sitz
IRS990/Form990PartVIISectionAGrp/PersonNm23Michael Savage
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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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/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21128161
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2261126
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23107857
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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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
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director of Alpine Department
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt046472
IRS990/FundraisingGrossIncomeAmt0133471
IRS990/GainOrLossGrp/SecuritiesAmt030365
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantAmt011275
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt011275
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt011275
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt030365
IRS990/GrossReceiptsAmt06459542
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt010928
IRS990/InformationTechnologyGrp/ProgramServicesAmt037131
IRS990/InformationTechnologyGrp/TotalAmt048059
IRS990/InsuranceGrp/ManagementAndGeneralAmt077204
IRS990/InsuranceGrp/ProgramServicesAmt024005
IRS990/InsuranceGrp/TotalAmt0101209
IRS990/InterestGrp/ProgramServicesAmt065316
IRS990/InterestGrp/TotalAmt065316
IRS990/InventoriesForSaleOrUseGrp/BOYAmt09532
IRS990/InventoriesForSaleOrUseGrp/EOYAmt010780
IRS990/InvestmentIncomeGrp/ExclusionAmt029968
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt029968
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0774938
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0796714
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02327625
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07988345
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08042844
IRS990/LandBldgEquipCostOrOtherBssAmt010370469
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/BOYAmt02430279
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01688226
IRS990/NetAssetsOrFundBalancesBOYAmt07535063
IRS990/NetAssetsOrFundBalancesEOYAmt09173295
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt030365
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt030365
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt086999
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt086999
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-60161
IRS990/NoncashContributionsAmt091667
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0300244
IRS990/OccupancyGrp/TotalAmt0300244
IRS990/OfficeExpensesGrp/FundraisingAmt011659
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0116248
IRS990/OfficeExpensesGrp/ProgramServicesAmt019731
IRS990/OfficeExpensesGrp/TotalAmt0147638
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0324186
IRS990/OtherAssetsTotalGrp/EOYAmt0331734
IRS990/OtherChangesInNetAssetsAmt0-7543
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt043030
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0158017
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0201047
IRS990/OtherExpensesGrp/Desc0Food Costs
IRS990/OtherExpensesGrp/Desc1Miscellaneous Expenses
IRS990/OtherExpensesGrp/Desc2Student Activities/Even
IRS990/OtherExpensesGrp/Desc3School Events
IRS990/OtherExpensesGrp/FundraisingAmt02205
IRS990/OtherExpensesGrp/FundraisingAmt11418
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt027657
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17634
IRS990/OtherExpensesGrp/ProgramServicesAmt0167214
IRS990/OtherExpensesGrp/ProgramServicesAmt148511
IRS990/OtherExpensesGrp/ProgramServicesAmt253318
IRS990/OtherExpensesGrp/ProgramServicesAmt321414
IRS990/OtherExpensesGrp/TotalAmt0167214
IRS990/OtherExpensesGrp/TotalAmt178373
IRS990/OtherExpensesGrp/TotalAmt253318
IRS990/OtherExpensesGrp/TotalAmt330466
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0525156
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01485540
IRS990/OtherSalariesAndWagesGrp/TotalAmt02010696
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt054777
IRS990/PayrollTaxesGrp/ProgramServicesAmt0101949
IRS990/PayrollTaxesGrp/TotalAmt0156726
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt015774
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014353
IRS990/PensionPlanContributionsGrp/TotalAmt030127
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0733159
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0771264
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0744257
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0905750
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt052838
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt078506
IRS990/PrincipalOfficerNm0Kate Punderson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0Tuition
IRS990/ProgramServiceRevenueGrp/Desc1Instructional Travel
IRS990/ProgramServiceRevenueGrp/Desc2Auxiliary Activities
IRS990/ProgramServiceRevenueGrp/Desc3Miscellaneous Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03018626
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1609129
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2548890
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt319331
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03018626
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1609129
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2548890
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt319331
IRS990/ProhibitedTaxShelterTransInd00

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,047,124
Liabilities
$1,873,829
Net assets
$9,173,295
Revenue
$6,413,070
Expenses
$4,707,134
Net income
$1,705,936
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
Peer Organizations

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