Civic Intelligence

Carrabassett Valley Academy

990 • Fiscal year 2021 • EIN 01-0384633

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 26, 2021

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

50th percentile

0.17x

Higher debt load relative to assets than 50% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

67th percentile

0.45x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

28th percentile

2.3%

Higher net margin than 28% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

34th percentile

$131,410

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

48th percentile

9.1%

Faster asset growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

21%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$11,857,906

Up $992,838 (+9.1%) from 2020

Net Assets

Up

$9,860,472

Up $518,956 (+5.6%) from 2020

Liabilities

Up

$1,997,434

Up $473,882 (+31%) from 2020

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin28th percentile

Revenue

Up

$4,432,208

Up $774,902 (+21%) from 2020

Expenses

Up

$4,328,104

Up $430,466 (+11%) from 2020

Net Income

Up

$104,104

Up $344,436 (+143%) from 2020

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

2021

Assets$11,857,906
Liabilities$1,997,434
Net Assets$9,860,472
Open 2021 Filing

Operations Trend

Revenue Growth62nd 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

2021

Revenue$4,432,208
Expenses$4,328,104
Net Income$104,104
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 26, 2021
Return Version
2020v4.1
Gross Receipts
$4,456,844
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$8,665,033$8,642,903▼ $22,130
Investments in Publicly Traded Securities$1,080,725$1,346,886▲ $266,161
Cash and Non-Interest-Bearing Accounts$387,422$1,007,473▲ $620,051
Prepaid Expenses and Deferred Charges$143,435$119,478▼ $23,957
Accounts Receivable$81,182$98,022▲ $16,840
Savings and Temporary Cash Investments$49,512$76,107▲ $26,595
Pledges and Grants Receivable$52,428$37,864▼ $14,564
Inventories for Sale or Use$9,677$0▼ $9,677
Total Assets$10,865,068$11,857,906▲ $992,838
Other Assets Total$395,654$529,173▲ $133,519
Liabilities
Deferred Revenue$380,182$791,761▲ $411,579
Mortgage Notes Payable Secured by Investment Property$676,929$671,121▼ $5,808
Other Liabilities$396,895$389,949▼ $6,946
Accounts Payable and Accrued Expenses$69,546$144,603▲ $75,057
Total Liabilities$1,523,552$1,997,434▲ $473,882
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,133,800$8,371,166▲ $237,366
Net Assets With Donor Restrictions$1,207,716$1,489,306▲ $281,590
Total Net Assets Fund Balance$9,341,516$9,860,472▲ $518,956
Total Liabilities and Net Assets / Fund Balance$10,865,068$11,857,906▲ $992,838

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,656,742$2,568,964$10,225,706
Equipment$162,901$635,282$798,183
Land$667,909-$667,909
Other Land Buildings$155,351$220,267$375,618

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,130,237$23,136▲ $294,754$25,134$1,422,993
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
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate PundersonHead of SchoolFT$131,410-$131,410
Steve SitzDirector of FinanceFT$68,327$18,316$86,643

Board Members and Trustees

NameTitle
Lindy GruenBoard Chair
Paul FritzsonVice Chair
Sean DundonVice Chair
Rachel CoffinPast Trustee
Zack BrandweinPast Trustee
Amanda Newton GrayTrustee
Bill KarnTrustee
Bonnie PotterTrustee
Brenna HerridgeTrustee
Bruce MilesTrustee
Carol Fremont-SmithTrustee
Christopher P LorenzTrustee
Emily Dickinson-LeeteTrustee
Gilly HitchcockTrustee
James PelletierTrustee
Joshua SilverTrustee
Karl StrandTrustee
Kevin BurnsTrustee
Lloyd CuttlerTrustee
Russ DrechselTrustee
Victoria RobinsonTrustee
Tim FlightSecretary
Peter SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$672,740
Program Service Revenue
$3,554,684
Investment Income
$29,054
Other Revenue
$175,730
All Other Contributions
$290,258
Change in Net Assets
$104,104

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,422,941
Revenue Not Reported on Financial Statements
$9,267
Revenue Not Reported on Form 990
$433,378
Total Revenue per Audited Statements
$4,856,319
Total Revenue per Form 990
$4,432,208
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,557,965
Other Expenses$1,768,114
Total Fundraising Expense$4,618
Grants and Similar Amounts Paid$2,025
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,592,323$378,555-$1,970,878
Occupancy$308,742--$308,742
Travel$295,777$131-$295,908
Depreciation Depletion$280,173$6,458-$286,631
Current Officers, Directors, Trustees, and Key Employees-$218,053-$218,053
Other Employee Benefits$172,131$39,090-$211,221
Payroll Taxes$117,091$40,722-$157,813
Insurance$35,473$108,547-$144,020
Other Expenses$56,309$27,258$342$83,909
Information Technology$52,916$9,231-$62,147
Office Expenses$18,425$28,010$4,276$50,711
Interest$28,083--$28,083
Advertising-$25,745-$25,745
Fees for Services Accounting-$23,775-$23,775
Fees for Services Other-$16,153-$16,153
Fees for Services Legal-$10,748-$10,748
Fees for Service Investment Mgmnt Fees-$9,267-$9,267
Conferences and Meetings-$2,797-$2,797
Grants to Domestic Individuals$2,025--$2,025
Total Functional Expenses$3,378,946$944,540$4,618$4,328,104

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,337,363
Total Expenses per Form 990$4,328,104
Expenses per Audited Statements$4,318,837
Expenses Not Reported on Form 990$18,526
Expenses Not Reported on Financial Statements$9,267
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$194,256
Fundraising Direct Expenses$18,526
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle/Auction$194,256$194,256$8,526$185,730
Total Events$194,256$194,256$18,526$175,730
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$380,124
Capital Lease Payable$9,825
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 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 Association of Independent Schools in New England (AISNE) 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
Alex Godomsky
Title
Director of Finance
Phone
2072372250
Signed
2021-10-26
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
111
Volunteers
23

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
PO BOX 1100, Portland, ME 04104-1100
Preparer
Melissa Magoon 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 139,885.”

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 139,885. Fundraising Expenses 18,526.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Expenses 18,526.”

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IRS990/Form990PartVIISectionAGrp/PersonNm8Russ Drechsel
IRS990/Form990PartVIISectionAGrp/PersonNm9Carol Fremont-Smith
IRS990/Form990PartVIISectionAGrp/PersonNm10Brenna Herridge
IRS990/Form990PartVIISectionAGrp/PersonNm11Gilly Hitchcock
IRS990/Form990PartVIISectionAGrp/PersonNm12Bill Karn
IRS990/Form990PartVIISectionAGrp/PersonNm13Christopher P Lorenz
IRS990/Form990PartVIISectionAGrp/PersonNm14Bruce Miles
IRS990/Form990PartVIISectionAGrp/PersonNm15Amanda Newton Gray
IRS990/Form990PartVIISectionAGrp/PersonNm16James Pelletier
IRS990/Form990PartVIISectionAGrp/PersonNm17Bonnie Potter
IRS990/Form990PartVIISectionAGrp/PersonNm18Victoria Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm19Joshua Silver
IRS990/Form990PartVIISectionAGrp/PersonNm20Karl Strand
IRS990/Form990PartVIISectionAGrp/PersonNm21Rachel Coffin
IRS990/Form990PartVIISectionAGrp/PersonNm22Zack Brandwein
IRS990/Form990PartVIISectionAGrp/PersonNm23Kate Punderson
IRS990/Form990PartVIISectionAGrp/PersonNm24Steve Sitz
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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
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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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/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
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 Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt22Past Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt23Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director of Finance
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt018526
IRS990/FundraisingGrossIncomeAmt0194256
IRS990/GainOrLossGrp/SecuritiesAmt0314
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt022
IRS990/GovernmentGrantsAmt0382482
IRS990/GrantAmt02025
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02025
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02025
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt06424
IRS990/GrossReceiptsAmt04456844
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt09231
IRS990/InformationTechnologyGrp/ProgramServicesAmt052916
IRS990/InformationTechnologyGrp/TotalAmt062147
IRS990/InsuranceGrp/ManagementAndGeneralAmt0108547
IRS990/InsuranceGrp/ProgramServicesAmt035473
IRS990/InsuranceGrp/TotalAmt0144020
IRS990/InterestGrp/ProgramServicesAmt028083
IRS990/InterestGrp/TotalAmt028083
IRS990/InventoriesForSaleOrUseGrp/BOYAmt09677
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt028740
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt028740
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01080725
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01346886
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03424513
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08665033
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08642903
IRS990/LandBldgEquipCostOrOtherBssAmt012067416
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt06110
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/BOYAmt0676929
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0671121
IRS990/NetAssetsOrFundBalancesBOYAmt09341516
IRS990/NetAssetsOrFundBalancesEOYAmt09860472
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0314
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0314
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0175730
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0175730
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0274967
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08133800
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08371166
IRS990/NoncashContributionsAmt02649
IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/TotalAmt0308742
IRS990/OfficeExpensesGrp/FundraisingAmt04276
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt028010
IRS990/OfficeExpensesGrp/ProgramServicesAmt018425
IRS990/OfficeExpensesGrp/TotalAmt050711
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0529173
IRS990/OtherChangesInNetAssetsAmt0139885
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt039090
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0172131
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0211221
IRS990/OtherExpensesGrp/Desc0Food Costs
IRS990/OtherExpensesGrp/Desc1Covid Expenses
IRS990/OtherExpensesGrp/Desc2Student Activities/Even
IRS990/OtherExpensesGrp/Desc3Miscellaneous Expenses
IRS990/OtherExpensesGrp/FundraisingAmt0342
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt027258
IRS990/OtherExpensesGrp/ProgramServicesAmt0233777
IRS990/OtherExpensesGrp/ProgramServicesAmt193026
IRS990/OtherExpensesGrp/ProgramServicesAmt292675
IRS990/OtherExpensesGrp/ProgramServicesAmt356309
IRS990/OtherExpensesGrp/TotalAmt0233777
IRS990/OtherExpensesGrp/TotalAmt193026
IRS990/OtherExpensesGrp/TotalAmt292675
IRS990/OtherExpensesGrp/TotalAmt383909
IRS990/OtherLiabilitiesGrp/BOYAmt0396895
IRS990/OtherLiabilitiesGrp/EOYAmt0389949
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0378555
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01592323
IRS990/OtherSalariesAndWagesGrp/TotalAmt01970878
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt040722
IRS990/PayrollTaxesGrp/ProgramServicesAmt0117091
IRS990/PayrollTaxesGrp/TotalAmt0157813
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt052428
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt037864
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0143435
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0119478
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

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,857,906
Liabilities
$1,997,434
Net assets
$9,860,472
Revenue
$4,432,208
Expenses
$4,328,104
Net income
$104,104
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
2021Detailed filing. Detailed filing data is available for this year.$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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