Civic Intelligence

Carrabassett Valley Academy

990 • Fiscal year 2017 • EIN 01-0384633

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 06, 2018

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

41st percentile

0.14x

Higher debt load relative to assets than 41% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

58th percentile

0.33x

Higher debt load relative to revenue than 58% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

73rd percentile

14%

Higher net margin than 73% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$147,480

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

48th percentile

4.0%

Faster asset growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

9th percentile

-25%

Faster revenue growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$11,493,109

Up $445,985 (+4.0%) from 2016

Net Assets

Up

$9,922,017

Up $748,722 (+8.2%) from 2016

Liabilities

Down

$1,571,092

Down $302,737 (-16%) from 2016

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin73rd percentile

Revenue

Down

$4,833,411

Down $1,579,659 (-25%) from 2016

Expenses

Down

$4,158,744

Down $548,390 (-12%) from 2016

Net Income

Down

$674,667

Down $1,031,269 (-60%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2017

Assets$11,493,109
Liabilities$1,571,092
Net Assets$9,922,017
Open 2017 Filing

Operations Trend

Revenue Growth9th 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

2017

Revenue$4,833,411
Expenses$4,158,744
Net Income$674,667
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 6, 2018
Return Version
2016v3.0
Gross Receipts
$4,888,177
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$8,042,844$9,386,478▲ $1,343,634
Investments in Publicly Traded Securities$796,714$813,580▲ $16,866
Pledges and Grants Receivable$905,750$474,431▼ $431,319
Accounts Receivable$64,784$209,625▲ $144,841
Savings and Temporary Cash Investments$65,196$91,320▲ $26,124
Cash and Non-Interest-Bearing Accounts$750,816$86,119▼ $664,697
Prepaid Expenses and Deferred Charges$78,506$44,275▼ $34,231
Inventories for Sale or Use$10,780$12,677▲ $1,897
Total Assets$11,047,124$11,493,109▲ $445,985
Other Assets Total$331,734$374,604▲ $42,870
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,688,226$1,307,571▼ $380,655
Deferred Revenue$55,466$145,293▲ $89,827
Accounts Payable and Accrued Expenses$130,137$118,228▼ $11,909
Total Liabilities$1,873,829$1,571,092▼ $302,737
Net Assets / Fund Balance
Unrestricted Net Assets$7,106,984$8,825,304▲ $1,718,320
Permanently Rstr Net Assets$771,264$796,084▲ $24,820
Temporarily Rstr Net Assets$1,295,047$300,629▼ $994,418
Total Net Assets Fund Balance$9,173,295$9,922,017▲ $748,722
Total Liabilities and Net Assets / Fund Balance$11,047,124$11,493,109▲ $445,985

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,429,099$1,749,610$10,178,709
Land$667,909-$667,909
Equipment$210,945$441,493$652,438
Other Land Buildings$78,525$269,519$348,044

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$861,910$8,000▲ $62,174$27,184$904,900
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
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate PundersonHead of SchoolFT$136,376$11,104$147,480
Kate O'HalloranDirector of DevelopmentFT$107,346$14,857$122,203
Steve SitzDirector of FinanceFT$62,502$8,870$71,372

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,258,755
Program Service Revenue
$3,438,919
Investment Income
$62,847
Other Revenue
$72,890
All Other Contributions
$1,258,755
Change in Net Assets
$674,667

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 Traded9$519,443Stock Market Value
Total Noncash Contributions9$519,443-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,821,843
Revenue Not Reported on Financial Statements
$11,568
Revenue Not Reported on Form 990
$114,094
Total Revenue per Audited Statements
$4,935,937
Total Revenue per Form 990
$4,833,411
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,457,378
Other Expenses$1,689,436
Grants and Similar Amounts Paid$11,930
Total Fundraising Expense$5,982
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,381,364$519,026-$1,900,390
Travel$500,912$3,326-$504,238
Depreciation Depletion$298,430--$298,430
Occupancy$251,744--$251,744
Current Officers, Directors, Trustees, and Key Employees-$218,852-$218,852
Other Employee Benefits$135,225$46,365-$181,590
Payroll Taxes$97,871$54,301-$152,172
Insurance$24,545$81,325-$105,870
Office Expenses$14,790$74,335$3,924$93,049
Interest$51,167--$51,167
Other Expenses$16,887$1,656$1,691$20,234
Advertising-$19,992-$19,992
Fees for Services Accounting-$19,455-$19,455
Fees for Services Other-$18,926-$18,926
Grants to Domestic Individuals$11,930--$11,930
Fees for Service Investment Mgmnt Fees-$11,568-$11,568
Fees for Services Legal-$11,244-$11,244
Information Technology$3,434$3,947-$7,381
Pension Plan Contributions$3,505$869-$4,374
Conferences and Meetings-$4,204-$4,204
Total Functional Expenses$3,049,808$1,102,954$5,982$4,158,744

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,187,215
Total Expenses per Form 990$4,158,744
Expenses per Audited Statements$4,147,176
Expenses Not Reported on Form 990$40,039
Expenses Not Reported on Financial Statements$11,568
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$112,929
Fundraising Direct Expenses$40,039
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle/Auction$88,747$88,747$4,924$83,823
Used Ski Sale$24,182$24,182$18,634$5,548
Total Events$112,929$112,929$40,039$72,890
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 11B

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

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

“All employees and trustees are covered by the written policy. All employees and trustees are required to declare any conflict of interest annually. Any potential conflicts are reviewed by Director of Finance and Head of School and, if necessary, by 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
2018-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kate Punderson
Formed
1983
Legal Domicile
Me
Voting Board Members
19
Independent Board Members
19
Employees
132
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 42,065.”

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 42,065. Fundraising Expenses 40,039.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Expenses 40,039.”

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IRS990/Form990PartVIISectionAGrp/PersonNm0Rev Earle Morse
IRS990/Form990PartVIISectionAGrp/PersonNm1Paul Fritzson
IRS990/Form990PartVIISectionAGrp/PersonNm2John Carter Witherspoon
IRS990/Form990PartVIISectionAGrp/PersonNm3Jamie Potter
IRS990/Form990PartVIISectionAGrp/PersonNm4Emily Dickinson Leete
IRS990/Form990PartVIISectionAGrp/PersonNm5Kevin Burns
IRS990/Form990PartVIISectionAGrp/PersonNm6Lloyd Cuttler
IRS990/Form990PartVIISectionAGrp/PersonNm7Paul Fremont-Smith Jr
IRS990/Form990PartVIISectionAGrp/PersonNm8Carol Fremont-Smith
IRS990/Form990PartVIISectionAGrp/PersonNm9Kim Kearing
IRS990/Form990PartVIISectionAGrp/PersonNm10Christopher P Lorenz
IRS990/Form990PartVIISectionAGrp/PersonNm11Bruce Miles
IRS990/Form990PartVIISectionAGrp/PersonNm12Susie Peixotto
IRS990/Form990PartVIISectionAGrp/PersonNm13James Pelletier
IRS990/Form990PartVIISectionAGrp/PersonNm14John P Poirier
IRS990/Form990PartVIISectionAGrp/PersonNm15Bonnie Potter
IRS990/Form990PartVIISectionAGrp/PersonNm16Victoria Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm17Joshua Silver
IRS990/Form990PartVIISectionAGrp/PersonNm18Karl Strand
IRS990/Form990PartVIISectionAGrp/PersonNm19Seth Wescott
IRS990/Form990PartVIISectionAGrp/PersonNm20Patrick Willihan
IRS990/Form990PartVIISectionAGrp/PersonNm21Kate Punderson
IRS990/Form990PartVIISectionAGrp/PersonNm22Steve Sitz
IRS990/Form990PartVIISectionAGrp/PersonNm23Kate O'Halloran
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/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21136376
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2262502
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23107346
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/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Past Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Past Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Past Trustee
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 Development
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt040039
IRS990/FundraisingGrossIncomeAmt0112929
IRS990/GainOrLossGrp/OtherAmt019150
IRS990/GainOrLossGrp/SecuritiesAmt012456
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantAmt011930
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt011930
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt011930
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt019150
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt027183
IRS990/GrossReceiptsAmt04888177
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03947
IRS990/InformationTechnologyGrp/ProgramServicesAmt03434
IRS990/InformationTechnologyGrp/TotalAmt07381
IRS990/InsuranceGrp/ManagementAndGeneralAmt081325
IRS990/InsuranceGrp/ProgramServicesAmt024545
IRS990/InsuranceGrp/TotalAmt0105870
IRS990/InterestGrp/ProgramServicesAmt051167
IRS990/InterestGrp/TotalAmt051167
IRS990/InventoriesForSaleOrUseGrp/BOYAmt010780
IRS990/InventoriesForSaleOrUseGrp/EOYAmt012677
IRS990/InvestmentIncomeGrp/ExclusionAmt031241
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt031241
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0796714
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0813580
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02460622
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08042844
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09386478
IRS990/LandBldgEquipCostOrOtherBssAmt011847100
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt014727
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/BOYAmt01688226
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01307571
IRS990/NetAssetsOrFundBalancesBOYAmt09173295
IRS990/NetAssetsOrFundBalancesEOYAmt09922017
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt031606
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt031606
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt072890
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt072890
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt031990
IRS990/NoncashContributionsAmt0519443
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0251744
IRS990/OccupancyGrp/TotalAmt0251744
IRS990/OfficeExpensesGrp/FundraisingAmt03924
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt074335
IRS990/OfficeExpensesGrp/ProgramServicesAmt014790
IRS990/OfficeExpensesGrp/TotalAmt093049
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0331734
IRS990/OtherAssetsTotalGrp/EOYAmt0374604
IRS990/OtherChangesInNetAssetsAmt042065
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt046365
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0135225
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0181590
IRS990/OtherExpensesGrp/Desc0Food Costs
IRS990/OtherExpensesGrp/Desc1Student Activities/Even
IRS990/OtherExpensesGrp/Desc2Miscellaneous Expenses
IRS990/OtherExpensesGrp/Desc3School Events
IRS990/OtherExpensesGrp/FundraisingAmt0367
IRS990/OtherExpensesGrp/FundraisingAmt11691
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013563
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11656
IRS990/OtherExpensesGrp/ProgramServicesAmt0149010
IRS990/OtherExpensesGrp/ProgramServicesAmt175223
IRS990/OtherExpensesGrp/ProgramServicesAmt233771
IRS990/OtherExpensesGrp/ProgramServicesAmt316887
IRS990/OtherExpensesGrp/TotalAmt0149010
IRS990/OtherExpensesGrp/TotalAmt175223
IRS990/OtherExpensesGrp/TotalAmt247701
IRS990/OtherExpensesGrp/TotalAmt320234
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0519026
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01381364
IRS990/OtherSalariesAndWagesGrp/TotalAmt01900390
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt054301
IRS990/PayrollTaxesGrp/ProgramServicesAmt097871
IRS990/PayrollTaxesGrp/TotalAmt0152172
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0869
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03505
IRS990/PensionPlanContributionsGrp/TotalAmt04374
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0771264
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0796084
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0905750
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0474431
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt078506
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044275
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/RelatedOrExemptFuncIncomeAmt02386060
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1553315
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2484291
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt315253
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02386060
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1553315

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,493,109
Liabilities
$1,571,092
Net assets
$9,922,017
Revenue
$4,833,411
Expenses
$4,158,744
Net income
$674,667
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
2017Detailed filing. Detailed filing data is available for this year.$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