Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1982.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
80 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
52 people listed on the 990; $1.8M paid to officers and key staff.
Michael Imhof’s $376K as President and CEO is at the 66th percentile of top reported officer pay among 572 $10–100M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Michael Imhof | $376,473 | $360,050 | $375,519 | $358,510 | $265,839 | $326,308 |
| Robert Ford Thru 112022 | — | — | $322,176 | — | — | — |
| Sarah Franke | $261,005 | $219,948 | $229,457 | $218,018 | $159,054 | $182,675 |
| Sarah Johnson | — | — | $235,078 | $258,357 | $180,778 | $148,978 |
| Robert J Ford | — | — | — | $240,954 | $183,138 | $219,127 |
| Joshua Cloud | $239,529 | $186,857 | — | — | — | — |
| Dave Dressman | $225,521 | $200,080 | $230,292 | $188,961 | $143,086 | — |
| David Dressman | — | — | — | — | — | $218,631 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Enhances community life in Vail Valley by hosting world-class arts, athletics, and educational events, including the annual GoPro Mountain Games.
Questions for Vail Valley Foundation INC
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The vilar performing arts center theatre operations include promoting and developing awareness and appreciation of the arts and educating the general public about the arts through programs, activities, and events to foster the arts and arts education.
Vail valley foundation hosts the birds of prey world cup international alpine ski race annually. The race consists of a world cup men's super-combined, world cup men's downhill, and a world cup men's slalom competition.
Vail valley foundation holds the vail dance festival every year. The festival includes several performances by international couples and ensembles from major international companies held at the gerald r. Ford amphitheater.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.8M | $4.1M |
| InvestmentsLn 11–13 | $11.9M | $11.1M |
| Land, buildings, equipmentLn 10c | $12.7M | $12.0M |
| Total assetsLn 16 | $28.8M | $29.5M |
| LiabilitiesLn 26 | $10.9M | $10.3M |
| Net assetsLn 32 | $17.9M | $19.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1.2M | $1.2M | ||
| Pay of current officers, directors and key staffLn 5 | $1.2M | $1.0M | $211K | |
| Other salaries and wagesLn 7 | $3.5M | $1.9M | $864K | $733K |
| Pension plan contributionsLn 8 | $100K | $55K | $24K | $21K |
| Other employee benefitsLn 9 | $656K | $356K | $222K | $78K |
| Payroll taxesLn 10 | $313K | $200K | $62K | $51K |
| Legal feesLn 11b | $119K | $34K | $73K | $12K |
| Accounting feesLn 11c | $80K | $15K | $65K | |
| Investment management feesLn 11f | $51K | $51K | ||
| Other fees for servicesLn 11g | $271K | $271K | ||
| Advertising and promotionLn 12 | $1.0M | $865K | $138K | |
| Office expensesLn 13 | $305K | $96K | $45K | $165K |
| Information technologyLn 14 | $244K | $113K | $108K | $23K |
| OccupancyLn 16 | $934K | $754K | $180K | |
| TravelLn 17 | $1.1M | $1.1M | $17K | $23K |
| InterestLn 20 | $280K | $135K | $145K | |
| Depreciation, depletion and amortizationLn 22 | $1.0M | $830K | $194K | |
| InsuranceLn 23 | $189K | $147K | $42K | |
| Other expenses (24a–d)Ln 24 | $6.0M | $5.9M | $46K | $55K |
| All other expensesLn 24e | $175K | $175K | ||
| Total functional expensesLn 25 | $18.8M | $14.9M | $2.3M | $1.5M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $39.3M | $22.8M | $16.5M | $32.7M | 990 PDF |
| FY2024 | $18.3M | $18.2M | $107K | $15.6M | 990 PDF |
| FY2023 | $16.3M | $17.3M | −$912K | $14.5M | 990 PDF |
| FY2022 | $18.8M | $17.2M | $1.6M | $15.3M | 990 PDF |
| FY2021 | $10.6M | $10.2M | $358K | $21.5M | 990 PDF |
| FY2020 Viewing | $20.4M | $18.8M | $1.7M | $19.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $20,434,551 revenue, 12 lines filed
Part VI · Governance 42 of 43 board members independent, no flags
Part VIII · Statement of revenue $20,434,551 across 10 lines filed
Part IX · Statement of functional expenses $18,752,462 across 20 lines filed
Part X · Balance sheet $29,545,665 assets, 20 lines filed
Part XI · Reconciliation of net assets $19,271,503 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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