Civic Intelligence

Vail Performing Arts Academy Inc.

990 • Fiscal year 2017 • EIN 84-1472671

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

PO Box 2300Edwards, CO 81632

(970) 390-3631

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.01x

Higher debt load relative to assets than 63% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.01x

Higher debt load relative to revenue than 62% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

97th percentile

$80,710

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 25.7% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

73rd percentile

22%

Faster asset growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

77th percentile

27%

Faster revenue growth than 77% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$209,213

Up $37,406 (+22%) from 2016

Net Assets

Up

$206,955

Up $37,115 (+22%) from 2016

Liabilities

Up

$2,258

Up $291 (+15%) from 2016

Revenue

Up

$314,480

Up $66,970 (+27%) from 2016

Expenses

Up

$277,365

Up $18,482 (+7.1%) from 2016

Net Income

Up

$37,115

Up $48,488 (+426%) from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $88,718Net Assets 2010: $88,7182010Assets 2011: $113,499Net Assets 2011: $113,4992011Assets 2012: $135,206Net Assets 2012: $135,2062012Assets 2013: $134,680Liabilities 2013: $1,715Net Assets 2013: $132,9652013Assets 2014: $160,638Liabilities 2014: $16,098Net Assets 2014: $144,5402014Assets 2015: $188,486Liabilities 2015: $7,273Net Assets 2015: $181,2132015Assets 2016: $171,807Liabilities 2016: $1,967Net Assets 2016: $169,8402016Assets 2017: $209,213Liabilities 2017: $2,258Net Assets 2017: $206,9552017Assets 2018: $222,919Liabilities 2018: $1,947Net Assets 2018: $220,9722018Assets 2019: $253,422Liabilities 2019: $2,095Net Assets 2019: $251,3272019Assets 2020: $244,978Liabilities 2020: $2,285Net Assets 2020: $242,6932020Assets 2021: $250,592Liabilities 2021: $6,051Net Assets 2021: $244,5412021Assets 2022: $233,365Liabilities 2022: $8,121Net Assets 2022: $225,2442022Assets 2023: $213,322Liabilities 2023: $74Net Assets 2023: $213,2482023Assets 2024: $240,254Liabilities 2024: $8,574Net Assets 2024: $231,6802024

Highlighted filing

2017

Assets$209,213
Liabilities$2,258
Net Assets$206,955

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2010: $176,830Expenses 2010: $180,355Net Income 2010: -$3,5252010Revenue 2011: $181,104Expenses 2011: $156,323Net Income 2011: $24,7812011Revenue 2012: $199,812Expenses 2012: $178,105Net Income 2012: $21,7072012Revenue 2013: $239,485Expenses 2013: $241,726Net Income 2013: -$2,2412013Revenue 2014: $305,098Expenses 2014: $293,523Net Income 2014: $11,5752014Revenue 2015: $311,796Expenses 2015: $275,123Net Income 2015: $36,6732015Revenue 2016: $247,510Expenses 2016: $258,883Net Income 2016: -$11,3732016Revenue 2017: $314,480Expenses 2017: $277,365Net Income 2017: $37,1152017Revenue 2018: $295,691Expenses 2018: $281,674Net Income 2018: $14,0172018Revenue 2019: $320,737Expenses 2019: $290,382Net Income 2019: $30,3552019Revenue 2020: $208,158Expenses 2020: $216,792Net Income 2020: -$8,6342020Revenue 2021: $213,099Expenses 2021: $211,251Net Income 2021: $1,8482021Revenue 2022: $212,724Expenses 2022: $232,021Net Income 2022: -$19,2972022Revenue 2023: $231,704Expenses 2023: $243,700Net Income 2023: -$11,9962023Revenue 2024: $275,938Expenses 2024: $257,506Net Income 2024: $18,4322024

Highlighted filing

2017

Revenue$314,480
Expenses$277,365
Net Income$37,115
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 19, 2018
Return Version
2017v2.2
Gross Receipts
$345,129
Mission and Program Overview

Mission

Childrens community theatrical education

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$169,840$206,955▲ $37,115
Savings and Temporary Cash Investments$100,526$110,658▲ $10,132
Cash and Non-Interest-Bearing Accounts$68,559$97,091▲ $28,532
Land, Buildings, and Equipment, Net$2,472$1,464▼ $1,008
Prepaid Expenses and Deferred Charges$250--
Total Assets$171,807$209,213▲ $37,406
Liabilities
Other Liabilities$1,967$2,258▲ $291
Total Liabilities$1,967$2,258▲ $291
Net Assets / Fund Balance
Total Net Assets Fund Balance$169,840$206,955▲ $37,115
Total Liabilities and Net Assets / Fund Balance$171,807$209,213▲ $37,406

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,464$7,272$8,736
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Colin MeiringDirectorFT$80,710$80,710
Annah ScullyDirectorFT$58,380$58,380

Board Members and Trustees

NameTitle
Jim PykeCo-chair
Shelley WoodworthCo-chair
Greta GalliPresident
Lyn WoodsVice President
Carla McconnellDirector
Donatella ScanielloDirector
Janette BierDirector
Jeff WozerDirector
Jennifer BoggsDirector
Lu CribariDirector
Paul BorilloDirector
Robin FriedbergTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$108,357
Program Service Revenue
$117,573
Investment Income
$927
Other Revenue
$87,623
All Other Contributions
$108,357
Change in Net Assets
$37,115
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$161,981
Other Expenses$115,384
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$102,894$36,196$0$139,090
Fees for Services Other$48,250$0$0$48,250
Other Expenses$25,850$0$0$25,850
Pension Plan Contributions$5,546$9,049$0$14,595
Occupancy$2,676$5,280$0$7,956
All Other Expenses$6,272$10$0$6,282
Conferences and Meetings$5,511$0$0$5,511
Fees for Services Accounting$0$5,120$0$5,120
Payroll Taxes$1,697$2,769$0$4,466
Other Employee Benefits$1,455$2,375$0$3,830
Travel$3,562$0$0$3,562
Advertising$2,646$0$0$2,646
Office Expenses$0$2,453$0$2,453
Insurance$1,782$0$0$1,782
Depreciation Depletion$56$952$0$1,008
Total Functional Expenses$210,728$66,637$0$277,365
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$98,272
Fundraising Direct Expenses$10,649
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Summer Fundraiser$98,272$98,272$6,667$91,605
Total Events$98,272$98,272$10,649$87,623
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$1,783
Credit Card Liability$475
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Vail Performing Arts Academy
EIN
84-1472671
Phone
9703903631
Address
PO BOX 2300, EDWARDS, CO 81632

Signing Officer

Name
Annah Scully
Title
Director
Phone
9703903631
Signed
2018-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greta Galli
Formed
1998
Legal Domicile
Co
Voting Board Members
14
Independent Board Members
12
Employees
1
Volunteers
50

Preparer

Firm
Turner & Associates Inc
Address
PO BOX 4555, EDWARDS, CO 81632
Preparer
Jennifer C Boggs CPA
Phone
9709491015
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Reviewed by director responsible for signing the tax return.

Pt VI, Line 19

AVAILABLE UPON REQUEST

Form 990, Part IX, Line 24E

Storage 6272. 6272. 0. 0.

Form 990, Part IX, Line 24E

LEGAL FEES 10. 0. 10. 0.

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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/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1433
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt01305
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt21226
IRS990/OtherExpensesGrp/ProgramServicesAmt325850
IRS990/OtherExpensesGrp/TotalAmt01305
IRS990/OtherExpensesGrp/TotalAmt1433
IRS990/OtherExpensesGrp/TotalAmt23226
IRS990/OtherExpensesGrp/TotalAmt325850
IRS990/OtherLiabilitiesGrp/BOYAmt01967
IRS990/OtherLiabilitiesGrp/EOYAmt02258
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02769
IRS990/PayrollTaxesGrp/ProgramServicesAmt01697
IRS990/PayrollTaxesGrp/TotalAmt04466
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09049
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05546
IRS990/PensionPlanContributionsGrp/TotalAmt014595
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0250
IRS990/PrincipalOfficerNm0GRETA GALLI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711190
IRS990/ProgramServiceRevenueGrp/BusinessCd1711190
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1PRODUCTION TICKET SALES
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt089299
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128274
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt097568
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0519
IRS990/PYOtherExpensesAmt094142
IRS990/PYOtherRevenueAmt081970
IRS990/PYProgramServiceRevenueAmt067453
IRS990/PYRevenuesLessExpensesAmt0-11373
IRS990/PYSalariesCompEmpBnftPaidAmt0164741
IRS990/PYTotalExpensesAmt0258883
IRS990/PYTotalRevenueAmt0247510
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt037115
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0115698
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0169840
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0206955
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0100526
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0110658
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0295700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0255532
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0294221
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0289972
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0204608
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01340033
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0927
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0519
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0-121
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0208
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0230
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01763
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt028502
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03806
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt017696
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt014918
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt034647
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt099569
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0927
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0519
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0-121
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0208
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0230
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01763
IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.88390
IRS990ScheduleA/PublicSupportPY509Pct00.91630
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01274046
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt062500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt038085
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt024000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt029971
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt011000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0165556
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt062500
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt038085
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt024000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt029971
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt011000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0165556
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0324202
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0259338
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0311917
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0304890
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0239255
IRS990ScheduleA/Total509Grp/TotalAmt01439602
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01441365
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01464
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07272
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08736
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01783
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01464
IRS990ScheduleD/TotalLiabilityAmt02258
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010649
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SUMMER FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03982
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03982
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt098272
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt098272
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt098272
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt098272
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt087623
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06667
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06667

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.40$0.09$2.32$2.76$2.58$0.18
2023Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$2.32$2.44$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.33$0.08$2.25$2.13$2.32$0.19
2021Detailed filing. Detailed filing data is available for this year.$2.51$0.06$2.45$2.13$2.11$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.45$0.02$2.43$2.08$2.17$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.53$0.02$2.51$3.21$2.90$0.30
2018Detailed filing. Detailed filing data is available for this year.$2.23$0.02$2.21$2.96$2.82$0.14
2017Detailed filing. Detailed filing data is available for this year.$2.09$0.02$2.07$3.14$2.77$0.37
2016Detailed filing. Detailed filing data is available for this year.$1.72$0.02$1.70$2.48$2.59$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.88$0.07$1.81$3.12$2.75$0.37
2014Detailed filing. Detailed filing data is available for this year.$1.61$0.16$1.45$3.05$2.94$0.12
2013Detailed filing. Detailed filing data is available for this year.$1.35$0.02$1.33$2.39$2.42$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$1.35$2.00$1.78$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$1.13$1.81$1.56$0.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.89$1.77$1.80$0.04