Civic Intelligence

Carrabassett Valley Academy

990 • Fiscal year 2020 • EIN 01-0384633

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 17, 2021

Organization Profilewww.gocva.com

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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.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

61st percentile

0.42x

Higher debt load relative to revenue than 61% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

22nd percentile

-6.6%

Higher net margin than 22% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

29th percentile

$118,171

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

26th percentile

-0.1%

Faster asset growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

37th percentile

-3.3%

Faster revenue growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$10,865,068

Down $10,323 (-0.1%) from 2019

Net Assets

Down

$9,341,516

Down $196,402 (-2.1%) from 2019

Liabilities

Up

$1,523,552

Up $186,079 (+14%) from 2019

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin22nd percentile

Revenue

Down

$3,657,306

Down $124,810 (-3.3%) from 2019

Expenses

Down

$3,897,638

Down $107,692 (-2.7%) from 2019

Net Income

Down

-$240,332

Down $17,118 (-7.7%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2020

Assets$10,865,068
Liabilities$1,523,552
Net Assets$9,341,516
Open 2020 Filing

Operations Trend

Revenue Growth37th 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

2020

Revenue$3,657,306
Expenses$3,897,638
Net Income-$240,332
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 17, 2021
Return Version
2019v5.2
Gross Receipts
$3,718,667
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$8,930,520$8,665,033▼ $265,487
Investments in Publicly Traded Securities$1,046,715$1,080,725▲ $34,010
Cash and Non-Interest-Bearing Accounts$75,126$387,422▲ $312,296
Prepaid Expenses and Deferred Charges$125,267$143,435▲ $18,168
Accounts Receivable$133,204$81,182▼ $52,022
Pledges and Grants Receivable$100,525$52,428▼ $48,097
Savings and Temporary Cash Investments$47,950$49,512▲ $1,562
Inventories for Sale or Use$9,677$9,677→ $0
Total Assets$10,875,391$10,865,068▼ $10,323
Other Assets Total$406,407$395,654▼ $10,753
Liabilities
Mortgage Notes Payable Secured by Investment Property$932,574$676,929▼ $255,645
Other Liabilities$18,467$396,895▲ $378,428
Deferred Revenue$317,543$380,182▲ $62,639
Accounts Payable and Accrued Expenses$68,889$69,546▲ $657
Total Liabilities$1,337,473$1,523,552▲ $186,079
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,329,914$8,133,800▼ $196,114
Net Assets With Donor Restrictions$1,208,004$1,207,716▼ $288
Total Net Assets Fund Balance$9,537,918$9,341,516▼ $196,402
Total Liabilities and Net Assets / Fund Balance$10,875,391$10,865,068▼ $10,323

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,834,441$2,363,277$10,197,718
Equipment$75,982$667,731$743,713
Land$667,909-$667,909
Other Land Buildings$86,701$188,953$275,654

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,094,665-▲ $65,887$30,315$1,130,237
2019$1,003,679-▲ $119,661$28,675$1,094,665
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
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate PundersonHead of SchoolFT$118,171-$118,171
Steve SitzDirector of FinanceFT$68,412$9,379$77,791

Board Members and Trustees

NameTitle
Kevin BurnsChair
Paul FritzsonVice Chair
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
Rachel CoffinTrustee
Russ DrechselTrustee
Sean DundonTrustee
Tim FlightTrustee
Victoria RobinsonTrustee
Zack BrandweinTrustee
Jamieson PotterPast Secretary
John Carter WitherspoonPast Treasurer
Gilly HitchcockSecretary
Pete SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$280,035
Program Service Revenue
$3,211,336
Investment Income
$30,290
Other Revenue
$135,645
All Other Contributions
$280,035
Change in Net Assets
$-240,332

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,654,396
Revenue Not Reported on Financial Statements
$2,910
Revenue Not Reported on Form 990
$68,835
Total Revenue per Audited Statements
$3,723,231
Total Revenue per Form 990
$3,657,306
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,317,628
Other Expenses$1,577,612
Total Fundraising Expense$3,066
Grants and Similar Amounts Paid$2,398
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,464,318$328,442-$1,792,760
Travel$369,944$822-$370,766
Depreciation Depletion$292,621$6,458-$299,079
Occupancy$279,580--$279,580
Current Officers, Directors, Trustees, and Key Employees-$195,962-$195,962
Other Employee Benefits$155,734$25,490-$181,224
Payroll Taxes$110,484$37,198-$147,682
Insurance$27,384$94,864-$122,248
Office Expenses$12,937$34,891$2,000$49,828
Information Technology$32,869$4,672-$37,541
Interest$37,361--$37,361
Advertising-$26,186-$26,186
Fees for Services Accounting-$20,583-$20,583
Fees for Services Other-$16,259-$16,259
Other Expenses$11,098$426$227$11,751
Conferences and Meetings-$5,852-$5,852
Fees for Services Legal-$4,200-$4,200
Fees for Service Investment Mgmnt Fees-$2,910-$2,910
Grants to Domestic Individuals$2,398--$2,398
Total Functional Expenses$3,045,276$849,296$3,066$3,897,638

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,919,633
Total Expenses per Form 990$3,897,638
Expenses per Audited Statements$3,894,728
Expenses Not Reported on Form 990$24,905
Expenses Not Reported on Financial Statements$2,910
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$160,550
Fundraising Direct Expenses$24,905
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle/Auction$160,550$160,550$6,560$153,990
Total Events$160,550$160,550$24,905$135,645
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
CARES Act Funding$382,482
Capital Lease Payable$14,413
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 35% controlled entity
No
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

“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
2021-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kate Punderson
Formed
1983
Legal Domicile
Me
Voting Board Members
22
Independent Board Members
21
Employees
126
Volunteers
30

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
2211 Congress Street, Portland, ME 04102
Preparer
Joseph R Byrne
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 2,338.”

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 2,338. Fundraising Expenses 24,905.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Expenses 24,905.”

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IRS990/Form990PartVIISectionAGrp/PersonNm7Victoria Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm8Lloyd Cuttler
IRS990/Form990PartVIISectionAGrp/PersonNm9Christopher P Lorenz
IRS990/Form990PartVIISectionAGrp/PersonNm10Bonnie Potter
IRS990/Form990PartVIISectionAGrp/PersonNm11Rachel Coffin
IRS990/Form990PartVIISectionAGrp/PersonNm12Carol Fremont-Smith
IRS990/Form990PartVIISectionAGrp/PersonNm13Russ Drechsel
IRS990/Form990PartVIISectionAGrp/PersonNm14Bruce Miles
IRS990/Form990PartVIISectionAGrp/PersonNm15Sean Dundon
IRS990/Form990PartVIISectionAGrp/PersonNm16Emily Dickinson-Leete
IRS990/Form990PartVIISectionAGrp/PersonNm17Joshua Silver
IRS990/Form990PartVIISectionAGrp/PersonNm18James Pelletier
IRS990/Form990PartVIISectionAGrp/PersonNm19Tim Flight
IRS990/Form990PartVIISectionAGrp/PersonNm20Karl Strand
IRS990/Form990PartVIISectionAGrp/PersonNm21Jamieson Potter
IRS990/Form990PartVIISectionAGrp/PersonNm22John Carter Witherspoon
IRS990/Form990PartVIISectionAGrp/PersonNm23Kate Punderson
IRS990/Form990PartVIISectionAGrp/PersonNm24Steve 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/ReportableCompFromOrgAmt23118171
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2468412
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/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
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/TitleTxt21Past Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt22Past Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt23Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director of Finance
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt024905
IRS990/FundraisingGrossIncomeAmt0160550
IRS990/GainOrLossGrp/OtherAmt03085
IRS990/GainOrLossGrp/SecuritiesAmt0-6141
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt022
IRS990/GrantAmt02398
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02398
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02398
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt03085
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt030315
IRS990/GrossReceiptsAmt03718667
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt04672
IRS990/InformationTechnologyGrp/ProgramServicesAmt032869
IRS990/InformationTechnologyGrp/TotalAmt037541
IRS990/InsuranceGrp/ManagementAndGeneralAmt094864
IRS990/InsuranceGrp/ProgramServicesAmt027384
IRS990/InsuranceGrp/TotalAmt0122248
IRS990/InterestGrp/ProgramServicesAmt037361
IRS990/InterestGrp/TotalAmt037361
IRS990/InventoriesForSaleOrUseGrp/BOYAmt09677
IRS990/InventoriesForSaleOrUseGrp/EOYAmt09677
IRS990/InvestmentIncomeGrp/ExclusionAmt033346
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt033346
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01046715
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01080725
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03219961
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08930520
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08665033
IRS990/LandBldgEquipCostOrOtherBssAmt011884994
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt036456
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/BOYAmt0932574
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0676929
IRS990/NetAssetsOrFundBalancesBOYAmt09537918
IRS990/NetAssetsOrFundBalancesEOYAmt09341516
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-3056
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-3056
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0135645
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0135645
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt041592
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08329914
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08133800
IRS990/NoncashContributionsAmt05462
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0279580
IRS990/OccupancyGrp/TotalAmt0279580
IRS990/OfficeExpensesGrp/FundraisingAmt02000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt034891
IRS990/OfficeExpensesGrp/ProgramServicesAmt012937
IRS990/OfficeExpensesGrp/TotalAmt049828
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0406407
IRS990/OtherAssetsTotalGrp/EOYAmt0395654
IRS990/OtherChangesInNetAssetsAmt02338
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt025490
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0155734
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0181224
IRS990/OtherExpensesGrp/Desc0Food Costs
IRS990/OtherExpensesGrp/Desc1Student Activities/Even
IRS990/OtherExpensesGrp/Desc2Miscellaneous Expenses
IRS990/OtherExpensesGrp/Desc3School Events
IRS990/OtherExpensesGrp/FundraisingAmt0839
IRS990/OtherExpensesGrp/FundraisingAmt1227
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt044081
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1426
IRS990/OtherExpensesGrp/ProgramServicesAmt0120245
IRS990/OtherExpensesGrp/ProgramServicesAmt197957
IRS990/OtherExpensesGrp/ProgramServicesAmt230346
IRS990/OtherExpensesGrp/ProgramServicesAmt311098
IRS990/OtherExpensesGrp/TotalAmt0120245
IRS990/OtherExpensesGrp/TotalAmt197957
IRS990/OtherExpensesGrp/TotalAmt275266
IRS990/OtherExpensesGrp/TotalAmt311751
IRS990/OtherLiabilitiesGrp/BOYAmt018467
IRS990/OtherLiabilitiesGrp/EOYAmt0396895
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0328442
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01464318
IRS990/OtherSalariesAndWagesGrp/TotalAmt01792760
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt037198
IRS990/PayrollTaxesGrp/ProgramServicesAmt0110484
IRS990/PayrollTaxesGrp/TotalAmt0147682
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0100525
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt052428
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0125267
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0143435
IRS990/PrincipalOfficerNm0Kate Punderson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,865,068
Liabilities
$1,523,552
Net assets
$9,341,516
Revenue
$3,657,306
Expenses
$3,897,638
Net income
-$240,332
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
2020Detailed filing. Detailed filing data is available for this year.$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