Civic Intelligence

Vail Valley Partnership

990 • Fiscal year 2020 • EIN 84-0535997

Jan 01, 2020 to Dec 31, 2020 • Filed on May 28, 2021

97 Main Street Ste E201Edwards, CO 81632

(970) 476-1000

Siviq Scores

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

Liabilities / Assets

84th percentile

0.47x

Higher debt load relative to assets than 84% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

41st percentile

0.14x

Higher debt load relative to revenue than 41% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

54th percentile

6.9%

Higher net margin than 54% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

55th percentile

$157,018

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

59th percentile

8.4%

Faster asset growth than 59% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

68th percentile

-0.7%

Faster revenue growth than 68% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$386,722

Up $29,835 (+8.4%) from 2019

Net Assets

Up

$206,143

Up $92,188 (+81%) from 2019

Liabilities

Down

$180,579

Down $62,353 (-26%) from 2019

Revenue

Down

$1,336,640

Down $10,072 (-0.7%) from 2019

Expenses

Down

$1,244,452

Down $101,286 (-7.5%) from 2019

Net Income

Up

$92,188

Up $91,214 (+9365%) from 2019

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

2020

Assets$386,722
Liabilities$180,579
Net Assets$206,143

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

2020

Revenue$1,336,640
Expenses$1,244,452
Net Income$92,188
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 28, 2021
Return Version
2020v4.0
Gross Receipts
$1,354,771
Mission and Program Overview

Mission

Leading collaboration for community success.

Our programs are focused on service to businesses & members, destination sales & marketing, and economic vitality & advocacy

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$193,531$250,683▲ $57,152
Land, Buildings, and Equipment, Net$115,308$81,050▼ $34,258
Prepaid Expenses and Deferred Charges$12,271$26,483▲ $14,212
Accounts Receivable$30,650$23,379▼ $7,271
Total Assets$356,887$386,722▲ $29,835
Other Assets Total$5,127$5,127→ $0
Liabilities
Deferred Revenue$157,937$142,476▼ $15,461
Accounts Payable and Accrued Expenses$70,084$38,103▼ $31,981
Mortgage Notes Payable Secured by Investment Property$14,911--
Total Liabilities$242,932$180,579▼ $62,353
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$113,955$206,143▲ $92,188
Total Net Assets Fund Balance$113,955$206,143▲ $92,188
Total Liabilities and Net Assets / Fund Balance$356,887$386,722▲ $29,835

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$81,050$197,839$278,889
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris RomerCEOFT$141,999$15,019$157,018

Board Members and Trustees

NameTitle
Gary WoodworthVice Chair
Beth SliferBoard Member
Jen BrownBoard Member
John DawseyBoard Member
Kathryn RegjoBoard Member
Kristen PryorBoard Member
Laurie MullenBoard Member
Mark HerronBoard Member
Michael ImhofBoard Member
Mike BrownBoard Member
Paul GordonBoard Member
Pedro CamposBoard Member
Will CookBoard Member
Jeff AndrewsSecretary
John ShippTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$655,165
Program Service Revenue
$685,222
Investment Income
$-3,747
Other Revenue
$0
All Other Contributions
$23,440
Change in Net Assets
$92,188

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,336,640
Total Revenue per Audited Statements
$1,336,640
Total Revenue per Form 990
$1,336,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$966,713
Other Expenses$277,739
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$474,580$172,075-$646,655
Current Officers, Directors, Trustees, and Key Employees$70,999$71,000-$141,999
Other Employee Benefits$73,273$26,567-$99,840
Payroll Taxes$58,946$19,273-$78,219
Occupancy$251$70,945-$71,196
Office Expenses$5,514$37,538-$43,052
Advertising-$25,868-$25,868
Depreciation Depletion$58$16,934-$16,992
Travel$8,679$3,885-$12,564
Fees for Services Accounting$7,093$5,264-$12,357
Other Expenses$412$11,855-$12,267
All Other Expenses-$6,742-$6,742
Insurance-$6,735-$6,735
Conferences and Meetings$367$430-$797
Interest-$65-$65
Total Functional Expenses$735,015$509,437$0$1,244,452

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,244,452
Total Expenses per Audited Statements$1,244,452
Total Expenses per Form 990$1,244,452
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
No
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 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
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 E201, EDWARDS, CO 81632

Signing Officer

Name
Chris Romer
Title
CEO
Phone
9704774016
Signed
2021-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Romer
Formed
1964
Legal Domicile
Co
Voting Board Members
15
Independent Board Members
15
Employees
11
Volunteers
15

Preparer

Firm
Bivins & Bunyak Cpas Pllc
Address
28 2ND ST UNIT 212, EDWARDS, CO 81632
Preparer
J Elbert Bivins Iv CPA
Phone
9704561040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Our mission is focused around five primary goals: building communities to which residents, visitors and investors are attracted; promoting the communities; striving to ensure future prosperity via a pro-business climate; representing the unified voice of the employer community; and reducing transactional friction through well-functioning networks.

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

In 2020, the partnership helped convene leaders and influencers to combat covid-19 and mitigate the impacts to our business community. The partnership was named chamber of the year by the association of chamber of commerce executives in recognition of our programming and organization strength; we were also recognized with the same honor in 2016. The partnership's efforts in the community include three distinct yet connected roles: regional chamber of commerce- we work to provide the valley's businesses with networking, educational, and collaborative opportunities with the goal of strengthening our local business community and to advocate for our business community at a regional & state level. Tourism development- we work to promote the entire vail valley as a year-round destination to potential in-state, out-of-state and international visitors through visitvailvalley.com. We work to attract groups and meetings from all over the country to the vail valley. Economic growth & advocacy- we work to ensure the vail valley's economic health stays strong for years to come. We work to help existing vail valley businesses thrive and recruit new businesses that have the potential to support our local economy.

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

SEE SCHEDULE O

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR MISSION IS FOCUSED AROUND FIVE PRIMARY GOALS: BUILDING COMMUNITIES TO WHICH RESIDENTS, VISITORS AND INVESTORS ARE ATTRACTED; PROMOTING THE COMMUNITIES; STRIVING TO ENSURE FUTURE PROSPERITY VIA A PRO-BUSINESS CLIMATE; REPRESENTING THE UNIFIED VOICE OF THE EMPLOYER COMMUNITY; AND REDUCING TRANSACTIONAL FRICTION THROUGH WELL-FUNCTIONING NETWORKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN 2020, THE PARTNERSHIP HELPED CONVENE LEADERS AND INFLUENCERS TO COMBAT COVID-19 AND MITIGATE THE IMPACTS TO OUR BUSINESS COMMUNITY. THE PARTNERSHIP WAS NAMED CHAMBER OF THE YEAR BY THE ASSOCIATION OF CHAMBER OF COMMERCE EXECUTIVES IN RECOGNITION OF OUR PROGRAMMING AND ORGANIZATION STRENGTH; WE WERE ALSO RECOGNIZED WITH THE SAME HONOR IN 2016. THE PARTNERSHIP'S EFFORTS IN THE COMMUNITY INCLUDE THREE DISTINCT YET CONNECTED ROLES: REGIONAL CHAMBER OF COMMERCE- WE WORK TO PROVIDE THE VALLEY'S BUSINESSES WITH NETWORKING, EDUCATIONAL, AND COLLABORATIVE OPPORTUNITIES WITH THE GOAL OF STRENGTHENING OUR LOCAL BUSINESS COMMUNITY AND TO ADVOCATE FOR OUR BUSINESS COMMUNITY AT A REGIONAL & STATE LEVEL. TOURISM DEVELOPMENT- WE WORK TO PROMOTE THE ENTIRE VAIL VALLEY AS A YEAR-ROUND DESTINATION TO POTENTIAL IN-STATE, OUT-OF-STATE AND INTERNATIONAL VISITORS THROUGH VISITVAILVALLEY.COM. WE WORK TO ATTRACT GROUPS AND MEETINGS FROM ALL OVER THE COUNTRY TO THE VAIL VALLEY. ECONOMIC GROWTH & ADVOCACY- WE WORK TO ENSURE THE VAIL VALLEY'S ECONOMIC HEALTH STAYS STRONG FOR YEARS TO COME. WE WORK TO HELP EXISTING VAIL VALLEY BUSINESSES THRIVE AND RECRUIT NEW BUSINESSES THAT HAVE THE POTENTIAL TO SUPPORT OUR LOCAL ECONOMY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEE SCHEDULE O
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS MEMBERS THAT ARE COMPRISED OF LOCAL BUSINESSES AND HOTELS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF GOVERNORS ARE NOMINATED BY AND VOTED ON BY CURRENT BOARD OF GOVERNORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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/ExplanationTxt6THE 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/ExplanationTxt7THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS TO THE PUBLIC THROUGH DIRECT REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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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