Civic Intelligence

Carrabassett Valley Academy

990 • Fiscal year 2022 • EIN 01-0384633

Jul 01, 2021 to Jun 30, 2022 • Filed on May 09, 2023

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

44th percentile

0.12x

Higher debt load relative to assets than 44% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

52nd percentile

0.23x

Higher debt load relative to revenue than 52% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

70th percentile

19%

Higher net margin than 70% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$148,325

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

60th percentile

4.2%

Faster asset growth than 60% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

86th percentile

49%

Faster revenue growth than 86% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$12,355,578

Up $497,672 (+4.2%) from 2021

Net Assets

Up

$10,813,793

Up $953,321 (+9.7%) from 2021

Liabilities

Down

$1,541,785

Down $455,649 (-23%) from 2021

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin70th percentile

Revenue

Up

$6,621,531

Up $2,189,323 (+49%) from 2021

Expenses

Up

$5,396,174

Up $1,068,070 (+25%) from 2021

Net Income

Up

$1,225,357

Up $1,121,253 (+1077%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2022

Assets$12,355,578
Liabilities$1,541,785
Net Assets$10,813,793
Open 2022 Filing

Operations Trend

Revenue Growth86th 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

2022

Revenue$6,621,531
Expenses$5,396,174
Net Income$1,225,357
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 9, 2023
Return Version
2021v4.2
Gross Receipts
$6,641,996
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$8,642,903$8,878,204▲ $235,301
Investments in Publicly Traded Securities$1,346,886$1,198,472▼ $148,414
Cash and Non-Interest-Bearing Accounts$1,007,473$732,192▼ $275,281
Savings and Temporary Cash Investments$76,107$435,597▲ $359,490
Accounts Receivable$98,022$289,884▲ $191,862
Pledges and Grants Receivable$37,864$270,522▲ $232,658
Prepaid Expenses and Deferred Charges$119,478$81,949▼ $37,529
Total Assets$11,857,906$12,355,578▲ $497,672
Other Assets Total$529,173$468,758▼ $60,415
Liabilities
Deferred Revenue$791,761$1,031,318▲ $239,557
Mortgage Notes Payable Secured by Investment Property$671,121$418,443▼ $252,678
Accounts Payable and Accrued Expenses$144,603$87,053▼ $57,550
Other Liabilities$389,949$4,971▼ $384,978
Total Liabilities$1,997,434$1,541,785▼ $455,649
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,371,166$8,871,137▲ $499,971
Net Assets With Donor Restrictions$1,489,306$1,942,656▲ $453,350
Total Net Assets Fund Balance$9,860,472$10,813,793▲ $953,321
Total Liabilities and Net Assets / Fund Balance$11,857,906$12,355,578▲ $497,672

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,475,048$2,777,553$10,252,601
Equipment$188,702$611,537$800,239
Other Land Buildings$546,545$251,621$798,166
Land$667,909-$667,909

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,422,993$35,107▼ $199,461$27,860$1,230,779
2020$1,130,237$23,136▲ $294,754$25,134$1,422,993
2019$1,094,665-▲ $65,887$30,315$1,130,237
2018$1,003,679-▲ $119,661$28,675$1,094,665
2017$904,900$3,120▲ $122,843$27,184$1,003,679
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate PundersonHead of SchoolFT$147,884$441$148,325
Steve SitzPast Director of FinanceFT$62,555$5,963$68,518
Alex GodomskyDirector of FinanceFT$45,192$3,320$48,512

Board Members and Trustees

NameTitle
Lindy GruenBoard Chair
Paul FritzsonTrustee / Past Vice Chair
Sean DundonVice Chair
Gilly HitchcockPast Trustee
Kevin BurnsPast Trustee
Amanda Newton GrayTrustee
Benjamin BissonTrustee
Bill KarnTrustee
Bonnie PotterTrustee
Brenna HerridgeTrustee
Bruce MilesTrustee
Carol Fremont-SmithTrustee
Christopher P LorenzTrustee
Emily Dickinson-LeeteTrustee
Joshua SilverTrustee
Karl StrandTrustee
Lloyd CuttlerTrustee
Russ DrechselTrustee
Sudheer TyagiTrustee
Victoria RobinsonTrustee
Tim FlightSecretary
Peter SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,302,685
Program Service Revenue
$5,163,795
Investment Income
$34,953
Other Revenue
$120,098
All Other Contributions
$922,561
Change in Net Assets
$1,225,357

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$63,191Fair Market Value (FMV) at time of sale
Total Noncash Contributions2$63,191-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,613,612
Revenue Not Reported on Financial Statements
$7,919
Revenue Not Reported on Form 990
$-252,836
Total Revenue per Audited Statements
$6,360,776
Total Revenue per Form 990
$6,621,531
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,129,180
Other Expenses$2,264,776
Total Fundraising Expense$8,583
Grants and Similar Amounts Paid$2,218
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,915,717$475,752-$2,391,469
Travel$636,801--$636,801
Occupancy$374,506--$374,506
Depreciation Depletion$299,868$6,458-$306,326
Other Employee Benefits$233,537$49,326-$282,863
Current Officers, Directors, Trustees, and Key Employees-$265,355-$265,355
Payroll Taxes$137,530$51,963-$189,493
Insurance$38,358$109,249-$147,607
Office Expenses$49,647$51,881$7,382$108,910
Information Technology$42,557$8,620-$51,177
Fees for Services Other-$33,865-$33,865
Advertising-$32,183-$32,183
Fees for Services Accounting-$22,410-$22,410
Interest$21,636--$21,636
Fees for Services Legal-$8,435-$8,435
Fees for Service Investment Mgmnt Fees-$7,919-$7,919
Other Expenses$6,815$29,527$1,024$6,815
Grants to Domestic Individuals$2,218--$2,218
Conferences and Meetings-$2,192-$2,192
Total Functional Expenses$4,231,341$1,156,250$8,583$5,396,174

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,407,455
Total Expenses per Form 990$5,396,174
Expenses per Audited Statements$5,388,255
Expenses Not Reported on Form 990$19,200
Expenses Not Reported on Financial Statements$7,919
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$139,298
Fundraising Direct Expenses$19,200
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle/Auction$139,298$139,298$14,200$125,098
Total Events$139,298$139,298$19,200$120,098
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$4,971
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
2023-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kate Punderson
Formed
1983
Legal Domicile
Me
Voting Board Members
21
Independent Board Members
20
Employees
158
Volunteers
24

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
2211 Congress St, Portland, ME 04102
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 in assets held by others -45,756.”

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 -45,756. Fundraising Expenses 19,200.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Expenses 19,200.”

Raw XML AppendixShowing 400 of 654 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/PersonNm2Alex Godomsky
IRS990/Form990PartVIISectionAGrp/PersonNm3Lindy Gruen
IRS990/Form990PartVIISectionAGrp/PersonNm4Sean Dundon
IRS990/Form990PartVIISectionAGrp/PersonNm5Peter Smith
IRS990/Form990PartVIISectionAGrp/PersonNm6Tim Flight
IRS990/Form990PartVIISectionAGrp/PersonNm7Benjamin Bisson
IRS990/Form990PartVIISectionAGrp/PersonNm8Lloyd Cuttler
IRS990/Form990PartVIISectionAGrp/PersonNm9Emily Dickinson-Leete
IRS990/Form990PartVIISectionAGrp/PersonNm10Russ Drechsel
IRS990/Form990PartVIISectionAGrp/PersonNm11Carol Fremont-Smith
IRS990/Form990PartVIISectionAGrp/PersonNm12Paul Fritzson
IRS990/Form990PartVIISectionAGrp/PersonNm13Brenna Herridge
IRS990/Form990PartVIISectionAGrp/PersonNm14Bill Karn
IRS990/Form990PartVIISectionAGrp/PersonNm15Christopher P Lorenz
IRS990/Form990PartVIISectionAGrp/PersonNm16Bruce Miles
IRS990/Form990PartVIISectionAGrp/PersonNm17Amanda Newton Gray
IRS990/Form990PartVIISectionAGrp/PersonNm18Bonnie Potter
IRS990/Form990PartVIISectionAGrp/PersonNm19Victoria Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm20Joshua Silver
IRS990/Form990PartVIISectionAGrp/PersonNm21Karl Strand
IRS990/Form990PartVIISectionAGrp/PersonNm22Sudheer Tyagi
IRS990/Form990PartVIISectionAGrp/PersonNm23Kevin Burns
IRS990/Form990PartVIISectionAGrp/PersonNm24Gilly Hitchcock
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0147884
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt162555
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt245192
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/ReportableCompFromOrgAmt240
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/TitleTxt0Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt1Past Director of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee / Past Vice Chair
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/TitleTxt21Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt22Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt23Past Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt24Past Trustee
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt019200
IRS990/FundraisingGrossIncomeAmt0139298
IRS990/GainOrLossGrp/OtherAmt0440
IRS990/GainOrLossGrp/SecuritiesAmt0225
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GovernmentGrantsAmt0380124
IRS990/GrantAmt02218
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02218
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02218
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0440
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01490
IRS990/GrossReceiptsAmt06641996
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt08620
IRS990/InformationTechnologyGrp/ProgramServicesAmt042557
IRS990/InformationTechnologyGrp/TotalAmt051177
IRS990/InsuranceGrp/ManagementAndGeneralAmt0109249
IRS990/InsuranceGrp/ProgramServicesAmt038358
IRS990/InsuranceGrp/TotalAmt0147607
IRS990/InterestGrp/ProgramServicesAmt021636
IRS990/InterestGrp/TotalAmt021636
IRS990/InvestmentIncomeGrp/ExclusionAmt034288
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt034288
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01346886
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01198472
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03640711
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08642903
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08878204
IRS990/LandBldgEquipCostOrOtherBssAmt012518915
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01265
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/BOYAmt0671121
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0418443
IRS990/NetAssetsOrFundBalancesBOYAmt09860472
IRS990/NetAssetsOrFundBalancesEOYAmt010813793
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0665
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0665
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0120098
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0120098
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-226280
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08371166
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08871137
IRS990/NoncashContributionsAmt063191
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0374506
IRS990/OccupancyGrp/TotalAmt0374506
IRS990/OfficeExpensesGrp/FundraisingAmt07382
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt051881
IRS990/OfficeExpensesGrp/ProgramServicesAmt049647
IRS990/OfficeExpensesGrp/TotalAmt0108910
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0529173
IRS990/OtherAssetsTotalGrp/EOYAmt0468758
IRS990/OtherChangesInNetAssetsAmt0-45756
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt049326
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0233537
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0282863
IRS990/OtherExpensesGrp/Desc0Food Costs
IRS990/OtherExpensesGrp/Desc1Student Activities/Even
IRS990/OtherExpensesGrp/Desc2Miscellaneous Expenses
IRS990/OtherExpensesGrp/Desc3Covid Expenses
IRS990/OtherExpensesGrp/FundraisingAmt0177
IRS990/OtherExpensesGrp/FundraisingAmt11024
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01115
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt129527
IRS990/OtherExpensesGrp/ProgramServicesAmt0265552
IRS990/OtherExpensesGrp/ProgramServicesAmt1151341
IRS990/OtherExpensesGrp/ProgramServicesAmt255258
IRS990/OtherExpensesGrp/ProgramServicesAmt36815
IRS990/OtherExpensesGrp/TotalAmt0265552
IRS990/OtherExpensesGrp/TotalAmt1152633
IRS990/OtherExpensesGrp/TotalAmt285809
IRS990/OtherExpensesGrp/TotalAmt36815
IRS990/OtherLiabilitiesGrp/BOYAmt0389949
IRS990/OtherLiabilitiesGrp/EOYAmt04971
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0475752
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01915717
IRS990/OtherSalariesAndWagesGrp/TotalAmt02391469
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt051963
IRS990/PayrollTaxesGrp/ProgramServicesAmt0137530
IRS990/PayrollTaxesGrp/TotalAmt0189493
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt037864
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0270522
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0119478
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt081949
IRS990/PrincipalOfficerNm0Kate Punderson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0Tuition

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,355,578
Liabilities
$1,541,785
Net assets
$10,813,793
Revenue
$6,621,531
Expenses
$5,396,174
Net income
$1,225,357
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
2022Detailed filing. Detailed filing data is available for this year.$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