Civic Intelligence

Carrabassett Valley Academy

990 • Fiscal year 2018 • EIN 01-0384633

Jul 01, 2017 to Jun 30, 2018 • Filed on May 10, 2019

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

40th percentile

0.13x

Higher debt load relative to assets than 40% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

63rd percentile

0.39x

Higher debt load relative to revenue than 63% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

16th percentile

-10%

Higher net margin than 16% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

37th percentile

$140,766

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

23rd percentile

-4.0%

Faster asset growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

10th percentile

-27%

Faster revenue growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets40th percentile

Assets

Down

$11,038,830

Down $454,279 (-4.0%) from 2017

Net Assets

Down

$9,648,118

Down $273,899 (-2.8%) from 2017

Liabilities

Down

$1,390,712

Down $180,380 (-11%) from 2017

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin16th percentile

Revenue

Down

$3,538,267

Down $1,295,144 (-27%) from 2017

Expenses

Down

$3,901,534

Down $257,210 (-6.2%) from 2017

Net Income

Down

-$363,267

Down $1,037,934 (-154%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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

2018

Assets$11,038,830
Liabilities$1,390,712
Net Assets$9,648,118
Open 2018 Filing

Operations Trend

Revenue Growth10th 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

2018

Revenue$3,538,267
Expenses$3,901,534
Net Income-$363,267
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 10, 2019
Return Version
2017v2.3
Gross Receipts
$3,551,905
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$9,386,478$9,160,066▼ $226,412
Investments in Publicly Traded Securities$813,580$921,722▲ $108,142
Accounts Receivable$209,625$206,657▼ $2,968
Pledges and Grants Receivable$474,431$150,131▼ $324,300
Cash and Non-Interest-Bearing Accounts$86,119$92,375▲ $6,256
Savings and Temporary Cash Investments$91,320$81,957▼ $9,363
Prepaid Expenses and Deferred Charges$44,275$16,900▼ $27,375
Inventories for Sale or Use$12,677$9,677▼ $3,000
Total Assets$11,493,109$11,038,830▼ $454,279
Other Assets Total$374,604$399,345▲ $24,741
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,307,571$1,105,506▼ $202,065
Deferred Revenue$145,293$164,294▲ $19,001
Accounts Payable and Accrued Expenses$118,228$98,558▼ $19,670
Other Liabilities$0$22,354▲ $22,354
Total Liabilities$1,571,092$1,390,712▼ $180,380
Net Assets / Fund Balance
Unrestricted Net Assets$8,825,304$8,487,703▼ $337,601
Permanently Rstr Net Assets$796,084$817,834▲ $21,750
Temporarily Rstr Net Assets$300,629$342,581▲ $41,952
Total Net Assets Fund Balance$9,922,017$9,648,118▼ $273,899
Total Liabilities and Net Assets / Fund Balance$11,493,109$11,038,830▼ $454,279

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,224,871$1,953,838$10,178,709
Equipment$91,533$628,202$719,735
Land$667,909-$667,909
Other Land Buildings$175,753$165,991$341,744

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$904,900$3,120▲ $122,843$27,184$1,003,679
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
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate PundersonHead of SchoolFT$140,636$130$140,766
Steve SitzDirector of FinanceFT$62,807$10,865$73,672

Board Members and Trustees

NameTitle
Kevin BurnsChair
Rev Earle MorsePast Chair
Gilly HitchcockVice Chair
Paul FritzsonVice Chair
Kim KearingPast Trustee
Patrick WillihanPast Trustee
Amanda Newton GrayTrustee
Bonnie PotterTrustee
Bruce MilesTrustee
Carol Fremont-SmithTrustee
Christopher P LorenzTrustee
Emily Dickinson LeeteTrustee
James PelletierTrustee
Joshua SilverTrustee
Karl StrandTrustee
Lindy GruenTrustee
Lloyd CuttlerTrustee
Paul Fremont-Smith JrTrustee
Pete SmithTrustee
Sean DundonTrustee
Victoria RobinsonTrustee
Zack BrandweinTrustee
Jamieson PotterSecretary
John Carter WitherspoonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$315,222
Program Service Revenue
$3,075,742
Investment Income
$74,096
Other Revenue
$73,207
All Other Contributions
$315,222
Change in Net Assets
$-363,267

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,525,433
Revenue Not Reported on Financial Statements
$12,834
Revenue Not Reported on Form 990
$103,006
Total Revenue per Audited Statements
$3,628,439
Total Revenue per Form 990
$3,538,267
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,139,488
Other Expenses$1,749,903
Grants and Similar Amounts Paid$12,143
Total Fundraising Expense$6,101
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,326,013$309,266-$1,635,279
Travel$415,734$1,301-$417,035
Depreciation Depletion$293,709--$293,709
Occupancy$279,778--$279,778
Current Officers, Directors, Trustees, and Key Employees-$214,437-$214,437
Payroll Taxes$89,922$63,640-$153,562
Other Employee Benefits$114,279$21,931-$136,210
Office Expenses$15,269$106,795$1,447$123,511
Insurance$25,277$89,705-$114,982
Information Technology$54,776$2,960-$57,736
Interest$44,213--$44,213
Fees for Services Other-$23,471-$23,471
Advertising$4$22,123-$22,127
Fees for Services Accounting-$17,095-$17,095
Other Expenses$15,290$18,701$883$16,173
Fees for Service Investment Mgmnt Fees-$12,834-$12,834
Grants to Domestic Individuals$12,143--$12,143
Fees for Services Legal-$10,045-$10,045
Conferences and Meetings-$3,379-$3,379
Total Functional Expenses$2,977,750$917,683$6,101$3,901,534

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,902,338
Total Expenses per Form 990$3,901,534
Expenses per Audited Statements$3,888,700
Expenses Not Reported on Form 990$13,638
Expenses Not Reported on Financial Statements$12,834
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$86,845
Fundraising Direct Expenses$13,638
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle/Auction$86,845$86,845$2,683$84,162
Total Events$86,845$86,845$13,638$73,207
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Payable$22,354
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
2019-05-10
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
118
Volunteers
30

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 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 27,450.”

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 27,450. Fundraising Expenses 13,638.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Expenses 13,638.”

Raw XML AppendixShowing 400 of 663 raw XML fields

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/PersonNm4John Carter Witherspoon
IRS990/Form990PartVIISectionAGrp/PersonNm5Jamieson Potter
IRS990/Form990PartVIISectionAGrp/PersonNm6Sean Dundon
IRS990/Form990PartVIISectionAGrp/PersonNm7Lindy Gruen
IRS990/Form990PartVIISectionAGrp/PersonNm8Zack Brandwein
IRS990/Form990PartVIISectionAGrp/PersonNm9Amanda Newton Gray
IRS990/Form990PartVIISectionAGrp/PersonNm10Lloyd Cuttler
IRS990/Form990PartVIISectionAGrp/PersonNm11Paul Fremont-Smith Jr
IRS990/Form990PartVIISectionAGrp/PersonNm12Carol Fremont-Smith
IRS990/Form990PartVIISectionAGrp/PersonNm13Kim Kearing
IRS990/Form990PartVIISectionAGrp/PersonNm14Christopher P Lorenz
IRS990/Form990PartVIISectionAGrp/PersonNm15Bruce Miles
IRS990/Form990PartVIISectionAGrp/PersonNm16James Pelletier
IRS990/Form990PartVIISectionAGrp/PersonNm17Bonnie Potter
IRS990/Form990PartVIISectionAGrp/PersonNm18Victoria Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm19Joshua Silver
IRS990/Form990PartVIISectionAGrp/PersonNm20Karl Strand
IRS990/Form990PartVIISectionAGrp/PersonNm21Pete Smith
IRS990/Form990PartVIISectionAGrp/PersonNm22Patrick Willihan
IRS990/Form990PartVIISectionAGrp/PersonNm23Emily Dickinson Leete
IRS990/Form990PartVIISectionAGrp/PersonNm24Kate Punderson
IRS990/Form990PartVIISectionAGrp/PersonNm25Steve 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/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24140636
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2562807
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/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Past Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt22Past Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt23Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt24Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director of Finance
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt013638
IRS990/FundraisingGrossIncomeAmt086845
IRS990/GainOrLossGrp/SecuritiesAmt040830
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantAmt012143
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt012143
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt012143
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt040830
IRS990/GrossReceiptsAmt03551905
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02960
IRS990/InformationTechnologyGrp/ProgramServicesAmt054776
IRS990/InformationTechnologyGrp/TotalAmt057736
IRS990/InsuranceGrp/ManagementAndGeneralAmt089705
IRS990/InsuranceGrp/ProgramServicesAmt025277
IRS990/InsuranceGrp/TotalAmt0114982
IRS990/InterestGrp/ProgramServicesAmt044213
IRS990/InterestGrp/TotalAmt044213
IRS990/InventoriesForSaleOrUseGrp/BOYAmt012677
IRS990/InventoriesForSaleOrUseGrp/EOYAmt09677
IRS990/InvestmentIncomeGrp/ExclusionAmt033266
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt033266
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0813580
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0921722
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02748031
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09386478
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09160066
IRS990/LandBldgEquipCostOrOtherBssAmt011908097
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/BOYAmt01307571
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01105506
IRS990/NetAssetsOrFundBalancesBOYAmt09922017
IRS990/NetAssetsOrFundBalancesEOYAmt09648118
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt040830
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt040830
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt073207
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt073207
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt061918
IRS990/NoncashContributionsAmt018658
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0279778
IRS990/OccupancyGrp/TotalAmt0279778
IRS990/OfficeExpensesGrp/FundraisingAmt01447
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0106795
IRS990/OfficeExpensesGrp/ProgramServicesAmt015269
IRS990/OfficeExpensesGrp/TotalAmt0123511
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0374604
IRS990/OtherAssetsTotalGrp/EOYAmt0399345
IRS990/OtherChangesInNetAssetsAmt027450
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt021931
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0114279
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0136210
IRS990/OtherExpensesGrp/Desc0Food Costs
IRS990/OtherExpensesGrp/Desc1Student Activities/Even
IRS990/OtherExpensesGrp/Desc2Miscellaneous Expenses
IRS990/OtherExpensesGrp/Desc3School Events
IRS990/OtherExpensesGrp/FundraisingAmt03771
IRS990/OtherExpensesGrp/FundraisingAmt1883
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018701
IRS990/OtherExpensesGrp/ProgramServicesAmt0149885
IRS990/OtherExpensesGrp/ProgramServicesAmt199815
IRS990/OtherExpensesGrp/ProgramServicesAmt241643
IRS990/OtherExpensesGrp/ProgramServicesAmt315290
IRS990/OtherExpensesGrp/TotalAmt0149885
IRS990/OtherExpensesGrp/TotalAmt199815
IRS990/OtherExpensesGrp/TotalAmt264115
IRS990/OtherExpensesGrp/TotalAmt316173
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt022354
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0309266
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01326013
IRS990/OtherSalariesAndWagesGrp/TotalAmt01635279
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt063640
IRS990/PayrollTaxesGrp/ProgramServicesAmt089922
IRS990/PayrollTaxesGrp/TotalAmt0153562
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0796084
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0817834
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0474431
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0150131
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt044275
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016900
IRS990/PrincipalOfficerNm0Kate Punderson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,038,830
Liabilities
$1,390,712
Net assets
$9,648,118
Revenue
$3,538,267
Expenses
$3,901,534
Net income
-$363,267
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