Civic Intelligence

Vail Valley Partnership

990 • Fiscal year 2017 • EIN 84-0535997

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 19, 2018

97 Main Street Ste 201Edwards, CO 81632

(970) 476-1000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

0.97x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.22x

Higher debt load relative to revenue than 56% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

31st percentile

-0.3%

Higher net margin than 31% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

56th percentile

$156,778

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

97th percentile

69%

Faster asset growth than 97% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

17th percentile

-6.9%

Faster revenue growth than 17% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$321,242

Up $131,572 (+69%) from 2016

Net Assets

Down

$10,021

Down $3,997 (-29%) from 2016

Liabilities

Up

$311,221

Up $135,569 (+77%) from 2016

Revenue

Down

$1,387,756

Down $103,034 (-6.9%) from 2016

Expenses

Down

$1,391,753

Down $19,631 (-1.4%) from 2016

Net Income

Down

-$3,997

Down $83,403 (-105%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2010: $245,009Liabilities 2010: $243,445Net Assets 2010: $1,5642010Assets 2011: $245,009Liabilities 2011: $243,445Net Assets 2011: $1,5642011Assets 2012: $178,795Liabilities 2012: $299,748Net Assets 2012: -$120,9532012Assets 2013: $280,916Liabilities 2013: $368,129Net Assets 2013: -$87,2132013Assets 2014: $175,634Liabilities 2014: $161,168Net Assets 2014: $14,4662014Assets 2015: $203,368Liabilities 2015: $268,756Net Assets 2015: -$65,3882015Assets 2016: $189,670Liabilities 2016: $175,652Net Assets 2016: $14,0182016Assets 2017: $321,242Liabilities 2017: $311,221Net Assets 2017: $10,0212017Assets 2018: $286,504Liabilities 2018: $173,523Net Assets 2018: $112,9812018Assets 2019: $356,887Liabilities 2019: $242,932Net Assets 2019: $113,9552019Assets 2020: $386,722Liabilities 2020: $180,579Net Assets 2020: $206,1432020Assets 2021: $692,771Liabilities 2021: $283,689Net Assets 2021: $409,0822021Assets 2022: $669,169Liabilities 2022: $454,510Net Assets 2022: $214,6592022Assets 2023: $563,412Liabilities 2023: $443,407Net Assets 2023: $120,0052023Assets 2024: $692,542Liabilities 2024: $508,185Net Assets 2024: $184,3572024

Highlighted filing

2017

Assets$321,242
Liabilities$311,221
Net Assets$10,021

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2010: $1,159,924Expenses 2010: $1,088,913Net Income 2010: $71,0112010Revenue 2011: $1,159,924Expenses 2011: $1,088,913Net Income 2011: $71,0112011Expenses 2012: $1,374,8932012Revenue 2013: $1,528,422Expenses 2013: $1,494,682Net Income 2013: $33,7402013Revenue 2014: $1,687,475Expenses 2014: $1,585,796Net Income 2014: $101,6792014Revenue 2015: $1,440,355Expenses 2015: $1,520,209Net Income 2015: -$79,8542015Revenue 2016: $1,490,790Expenses 2016: $1,411,384Net Income 2016: $79,4062016Revenue 2017: $1,387,756Expenses 2017: $1,391,753Net Income 2017: -$3,9972017Revenue 2018: $1,427,252Expenses 2018: $1,324,292Net Income 2018: $102,9602018Revenue 2019: $1,346,712Expenses 2019: $1,345,738Net Income 2019: $9742019Revenue 2020: $1,336,640Expenses 2020: $1,244,452Net Income 2020: $92,1882020Revenue 2021: $1,384,609Expenses 2021: $1,181,670Net Income 2021: $202,9392021Revenue 2022: $1,157,838Expenses 2022: $1,352,261Net Income 2022: -$194,4232022Revenue 2023: $1,262,872Expenses 2023: $1,354,578Net Income 2023: -$91,7062023Revenue 2024: $1,638,387Expenses 2024: $1,574,035Net Income 2024: $64,3522024

Highlighted filing

2017

Revenue$1,387,756
Expenses$1,391,753
Net Income-$3,997
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 19, 2018
Return Version
2017v2.3
Gross Receipts
$1,398,317
Mission and Program Overview

Mission

Leading collaboration for community success.

The vail valley partnership takes the lead for collaboration for community success through chamber programming, group and meeting sales recruiting, and economic development efforts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$59,641$110,920▲ $51,279
Land, Buildings, and Equipment, Net$77,618$102,936▲ $25,318
Accounts Receivable$33,415$73,804▲ $40,389
Prepaid Expenses and Deferred Charges$2,329$11,788▲ $9,459
Rtn Earn Endowment Incm Other Fnds$14,018$10,021▼ $3,997
Total Assets$189,670$321,242▲ $131,572
Other Assets Total$16,667$21,794▲ $5,127
Liabilities
Deferred Revenue$100,512$224,787▲ $124,275
Accounts Payable and Accrued Expenses$41,620$58,509▲ $16,889
Mortgage Notes Payable Secured by Investment Property$33,520$27,925▼ $5,595
Total Liabilities$175,652$311,221▲ $135,569
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,018$10,021▼ $3,997
Total Liabilities and Net Assets / Fund Balance$189,670$321,242▲ $131,572

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,489$158,982$162,471
Other Land Buildings$99,447$13,555$113,002
Other Assets Org$21,794--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris RomerCEOFT$127,364$29,414$156,778

Board Members and Trustees

NameTitle
Mark HerronChairman
Gary WoodworthVice Chair/s
Beth SliferBoard Member
James WearBoard Member
Jeff AndrewsBoard Member
Jen BrownBoard Member
Kathryn RegjoBoard Member
Laurie MullenBoard Member
Matt JonesBoard Member
Michael HoltonBoard Member
Michael ImhofBoard Member
Mike BrownBoard Member
Mike BrumbaughBoard Member
Paul GordonBoard Member
John ShippTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$482,748
Program Service Revenue
$915,569
Investment Income
$-10,561
Other Revenue
$0
All Other Contributions
$1,544
Change in Net Assets
$-3,997

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,387,756
Total Revenue per Audited Statements
$1,387,756
Total Revenue per Form 990
$1,387,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$869,715
Other Expenses$522,038
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$544,669$146,255-$690,924
Occupancy-$181,724-$181,724
Other Employee Benefits$75,428$49,565-$124,993
Conferences and Meetings$51,062$5,754-$56,816
Payroll Taxes$42,500$11,298-$53,798
Office Expenses$5,413$47,120-$52,533
Fees for Services Accounting-$42,213-$42,213
Advertising$39,762--$39,762
Travel$16,905$14,400-$31,305
Depreciation Depletion-$23,035-$23,035
All Other Expenses-$7,875-$7,875
Insurance-$5,442-$5,442
Other Expenses$2,179$4,856-$4,856
Fees for Services Other$3,617--$3,617
Interest-$941-$941
Total Functional Expenses$786,781$604,972$0$1,391,753

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,391,753
Total Expenses per Audited Statements$1,391,753
Total Expenses per Form 990$1,391,753
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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, Page 6, Part VI, Line 6

The organization has members that are comprised of local businesses and hotels.

Form 990, Page 6, Part VI, Line 7A

The board of governors are nominated by and voted on by current board of governors.

Form 990, Page 6, Part VI, Line 11B

The audited financial statements and a copy of form 990 are provided to the governing board and are reviewed prior to the submission of form 990.

Form 990, Page 6, Part VI, Line 15A

The executive committee has reviewed the compensation levels of comparable organizations as well as taken into consideration the cost of living locally as the basis for setting compensation.

Form 990, Page 6, Part VI, Line 19

The organization provides its governing documents to the public through direct request.

Filing and Contact Details

Filer

Filer Name
Vail Valley Partnership
EIN
84-0535997
Phone
9704761000
Address
97 MAIN STREET STE 201, EDWARDS, CO 81632

Signing Officer

Name
John Shipp
Title
Treasurer
Phone
9704774016
Signed
2018-06-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Herron
Formed
1964
Legal Domicile
Co
Voting Board Members
14
Independent Board Members
14
Employees
17
Volunteers
14

Preparer

Firm
Bivins & Bunyak Cpas Pllc
Address
429 EDWARDS ACCESS RD STE A206, EDWARDS, CO 81632
Preparer
J Elbert Bivins Iv CPA
Phone
9704561040
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Information to businesses and prospective businesses to eagle county. The partnership maintained our signature events and signature programs to add value to our members. In addition to these programs, there was increased collaboration with chambers in the area, enhanced web content and stronger member engagement. Regional chamber of commerce programs & events increased member engagement as measured by program participation and event attendance hosted 24 networking & educational events facilitated collaboration among all valley chambers and business associations through the merchant alliance increased exposure of vail valley non-profit members and the vail maintained 3 leads groups marketing economic impacts vvp destination sales & marketing efforts resulted in 46,000,000+ of direct spending in the eagle river valley and 3,000,000+ in-state and local tax revenue in 2016 recognized as top destination marketing organization by readers of colorado meetings & events magazine group sales room night growth of 28%; leisure sales growth of 13% conducted over 1,400 lodging quality assurance inspections published and distributed 55,000 copies of visit vail valley magazine economic development efforts & strategy implemented economic development plan for eagle county that targets six core objectives to position eagle countys economy for long-term success provided local area economic data, advisement, site information, referrals and other assistance to over 50 local and prospective businesses released monthly economic indicator reports which included workforce and demographic information developed and maintained trailing spouse program & business retention and attraction program to support local businesses provided administrative & fundraising support for the ege air alliance to develop and maintain air service at eagle county regional airport

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INFORMATION TO BUSINESSES AND PROSPECTIVE BUSINESSES TO EAGLE COUNTY. THE PARTNERSHIP MAINTAINED OUR SIGNATURE EVENTS AND SIGNATURE PROGRAMS TO ADD VALUE TO OUR MEMBERS. IN ADDITION TO THESE PROGRAMS, THERE WAS INCREASED COLLABORATION WITH CHAMBERS IN THE AREA, ENHANCED WEB CONTENT AND STRONGER MEMBER ENGAGEMENT. REGIONAL CHAMBER OF COMMERCE PROGRAMS & EVENTS INCREASED MEMBER ENGAGEMENT AS MEASURED BY PROGRAM PARTICIPATION AND EVENT ATTENDANCE HOSTED 24 NETWORKING & EDUCATIONAL EVENTS FACILITATED COLLABORATION AMONG ALL VALLEY CHAMBERS AND BUSINESS ASSOCIATIONS THROUGH THE MERCHANT ALLIANCE INCREASED EXPOSURE OF VAIL VALLEY NON-PROFIT MEMBERS AND THE VAIL MAINTAINED 3 LEADS GROUPS MARKETING ECONOMIC IMPACTS VVP DESTINATION SALES & MARKETING EFFORTS RESULTED IN 46,000,000+ OF DIRECT SPENDING IN THE EAGLE RIVER VALLEY AND 3,000,000+ IN-STATE AND LOCAL TAX REVENUE IN 2016 RECOGNIZED AS TOP DESTINATION MARKETING ORGANIZATION BY READERS OF COLORADO MEETINGS & EVENTS MAGAZINE GROUP SALES ROOM NIGHT GROWTH OF 28%; LEISURE SALES GROWTH OF 13% CONDUCTED OVER 1,400 LODGING QUALITY ASSURANCE INSPECTIONS PUBLISHED AND DISTRIBUTED 55,000 COPIES OF VISIT VAIL VALLEY MAGAZINE ECONOMIC DEVELOPMENT EFFORTS & STRATEGY IMPLEMENTED ECONOMIC DEVELOPMENT PLAN FOR EAGLE COUNTY THAT TARGETS SIX CORE OBJECTIVES TO POSITION EAGLE COUNTYS ECONOMY FOR LONG-TERM SUCCESS PROVIDED LOCAL AREA ECONOMIC DATA, ADVISEMENT, SITE INFORMATION, REFERRALS AND OTHER ASSISTANCE TO OVER 50 LOCAL AND PROSPECTIVE BUSINESSES RELEASED MONTHLY ECONOMIC INDICATOR REPORTS WHICH INCLUDED WORKFORCE AND DEMOGRAPHIC INFORMATION DEVELOPED AND MAINTAINED TRAILING SPOUSE PROGRAM & BUSINESS RETENTION AND ATTRACTION PROGRAM TO SUPPORT LOCAL BUSINESSES PROVIDED ADMINISTRATIVE & FUNDRAISING SUPPORT FOR THE EGE AIR ALLIANCE TO DEVELOP AND MAINTAIN AIR SERVICE AT EAGLE COUNTY REGIONAL AIRPORT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS THAT ARE COMPRISED OF LOCAL BUSINESSES AND HOTELS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF GOVERNORS ARE NOMINATED BY AND VOTED ON BY CURRENT BOARD OF GOVERNORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE AUDITED FINANCIAL STATEMENTS AND A COPY OF FORM 990 ARE PROVIDED TO THE GOVERNING BOARD AND ARE REVIEWED PRIOR TO THE SUBMISSION OF FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE COMMITTEE HAS REVIEWED THE COMPENSATION LEVELS OF COMPARABLE ORGANIZATIONS AS WELL AS TAKEN INTO CONSIDERATION THE COST OF LIVING LOCALLY AS THE BASIS FOR SETTING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS TO THE PUBLIC THROUGH DIRECT REQUEST.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.69$0.51$0.18$1.64$1.57$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.56$0.44$0.12$1.26$1.35$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.67$0.45$0.21$1.16$1.35$0.19
2021Detailed filing. Detailed filing data is available for this year.$0.69$0.28$0.41$1.38$1.18$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.18$0.21$1.34$1.24$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.36$0.24$0.11$1.35$1.35$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.29$0.17$0.11$1.43$1.32$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.32$0.31$0.01$1.39$1.39$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.19$0.18$0.01$1.49$1.41$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.20$0.27$0.07$1.44$1.52$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.18$0.16$0.01$1.69$1.59$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.28$0.37$0.09$1.53$1.49$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.30$0.12$1.37
2011Summary only. Only limited summary data is available for this year.$0.25$0.24$0.00$1.16$1.09$0.07
2010Summary only. Only limited summary data is available for this year.$0.25$0.24$0.00$1.16$1.09$0.07