2021 Vail Valley Foundation Annual Report

Makin� a�

IMPACT 2021 Vail Valley Foundation Annual Report

MOE’S ORIGINAL BBQ HOT SUMMER NIGHTS • ALPINE BANK SHOWDOWN TOWN • AMP SUMMER CONCE RTS • STARS VARIETY SHOW • PARENT MENTORS • MAGIC BUS • PWRHRS AFTERSCHOOL • CELEBRATE THE BEAT • ACADEMIC SOCCER • THE STEADMAN CLINIC COPA • THE CLUB • GIRL POWHER • SUMMER • HER FILM CAMP • DOLLARS FOR SCHOLARS • HIGHSCHOOL & CAREER PROGRAMS • COLLEGE VISITS • U • UNDERGROUND SOUND • STARS • MAGIC OF LIGHTS VAIL • AMERICORPS PEAK PATHFINDERS • MOE’S

MOE’S ORIGINAL BBQ HOT SUMMER NIGHTS • ALPINE BANK SHOWDOWN TOWN • AMP SUMMER CONCE RTS • STARS VARIETY SHOW • PARENT MENTORS • MAGIC BUS • PWRHRS AFTERSCHOOL • CELEBRATE THE BEAT • ACADEMIC SOCCER • THE STEADMAN CLINIC COPA • THE CLUB • GIRL POWHER • SUMMER • HER FILM CAMP • DOLLARS FOR SCHOLARS • HIGHSCHOOL & CAREER PROGRAMS • COLLEGE VISITS • U • UNDERGROUND SOUND • STARS • MAGIC OF LIGHTS VAIL • AMERICORPS PEAK PATHFINDERS • MOE’S

ERTS • STARS VARIETY SHOW • PARENT MENTORS • MAGIC BUS • AFTERSCHOOL • CELEBRATE THE BEA THE BEAT • • HER FILM CAMP • DOLLARS FOR SCHOLARS • HIGHSCHOOL & CAREER PROGRAMS • CAMP COLLEGE • U UNDERGROUND SOUND • STARS • MAGIC OF LIGHTS VAIL • AMERICORPS PEAK PATHFINDERS ORIGINAL BBQ HOT SUMMER NIGHTS

The accompli�hment� o�

GENERATIONS

Welcome to the print edition of the 2021 Vail Valley Foundation Annual Report. Within this document you will find QR codes to our digital Annual Report. You can view our complete annual report by visiting annual-report.vvf.org or point your phone camera to any of the included QR codes.

Our board and staff are grateful for your generosity. In a year of swift-moving change, your commitment to the VVF remained steady and strong. It is due to the exceptionally generous nature of you, our donors, volunteers, partners, and supporters that we have been able to successfully return to our work of making this valley an amazing place to live, work, and visit, through arts, athletics, and education.

As the Vail Valley Foundation passes its 40-year mark in 2021, we acknowledge and celebrate the exceptional leadership and vision that established this organization as a leader in our community since 1981. For that, we are thankful, and we look forward to continuing this organization’s work on behalf of generations to come.

Sincerely,

Ann Smead, Chairman of the Board Imhof, PresidentSHOW • PARENT MENTORS • ERTS •Mike STARS VARIETY

THE BEAT • • HER FILM CAMP • DOLLARS FOR SCHOLARS • UNDERGROUND SOUND • STARS • MAGIC OF LIGHTS ORIGINAL BBQ HOT SUMMER NIGHTS

View our complete online 2021 Vail Valley Foundation Annual Report annual-report.vvf.org

Boa�d o�

DIRECTORS Andy Arnold John Arnold Sam Bronfman Linn Brooks Susan Campbell Charlene Chen Will Cook Steve Coyer Johannes Faessler Tim Finchem Carlos Gardea Margie Gart Paul Gordon Sheika Gramshammer Nadia Guerriero Carrie Besnette Hauser Beth Howard Al Hubbard B.J. Hybl

David Hyde Mike Imhof Chris Jarnot Cheryl Jensen Alexia Jurschak Anne-Marie Keane Mike Krupka Sarah Malloy Millett Alejandra Cortés de Milmo Ellen Moritz Kaia Moritz Dan Pennington Jill Plancher Chris Romer David Salvin Ken Schanzer Mike Shannon Susanna Johnson Shannon Rod Slifer

Ann Smead, Chairman Hap Stein Kristin Tang Fred Tresca Melina Valsecia Tina Vardaman Gary Woodworth Kristy Woolfolk

View our entire Board of Directors and Committee listings

VVF

MISSION To enhance the quality of life in the Vail Valley and showcase our community to a global audience through arts, athletics and education.

View our:

DONOR LISTINGS

VOLUNTEER LISTINGS

PARTNER LISTINGS

Vail Valle� Foundatio�

IMPACT STATEMENT The Vail Valley Foundation entered 2021 with a forward-thinking approach, always looking ahead to better times.

Throughout the year, thanks to your support, volunteerism, and participation, we helped lead the way back to fullcapacity events, venues, and programs in Eagle County and helped restore the overall well-being, activity, and economic vitality of our community.

$24.1M

2021 overall Vail Valley Foundation economic impact in Eagle County

10,000

youth served through education programs, STARS, and VVF events *Calendar year 2021

226,481

individuals attended our events, programs, and venues

31,724

collective hours of service given by 1,096 volunteers

Vail Valle� Foundatio�

FINANCIALS

$1,758,581 $152 $561,844 $141,419

Top sources of revenue | Fiscal Year June 2020 through May 2021.

Program Revenue Sponsorships Contributions In-kind Contributions

$1,525,921

Net Investment Return Net Special Events Revenue Interest and Other Income

$666,014

$4,776,382

$1,947 $135,322

$148,049

$4,224 $203,070 $295 $55,998 $47,500

$329,132

$5,617,354

$3,308,142

Federal Tax ID # 74-2215035

Vail Valle� Foundatio�

ica tio To t lid at ed so

& ns

$148,049

$561,844

$55,998

$0

$0

$765,891

$329,132

$141,419

$47,500

$0

$0

$518,051

Contributions

$5,617,354

$4,776,382

$3,308,142

$0

($390,191)

$13,311,687

In-kind contributions

$135,322

$0

$4,224

$0

$0

$139,546

Exchange portion of membership dues

$304,218

$0

$0

$0

Net investment return

$1,525,921

$1,758,581

$0

$0

$0

$3,284,502

Gross special events revenue

$691,080

$0

$210,798

$0

($65,000)

$836,878

Less cost of direct benefits to donors

($25,066)

$0

($7,728)

$0

$0

($32,794)

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Program revenue Sponsorships

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The following financials represent the fiscal year of the Vail Valley Foundation ending May 31, 2021.

Ar ts

n

FINANCIALS REVENUE, SUPPORT, AND GAINS

Net special events revenue

$304,218

$666,014

$0

$203,070

$0

($65,000)

$804,084

Interest and other income

$1,947

$152

$295

$0

$0

$2,394

TOTAL REVENUE, SUPPORT AND GAINS

$8,727,957

$7,238,378

$3,619,229

$0

($455,191)

$19,130,373

ica tio To t lid at ed so Co n

& ns in at io El im

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Financials cont'd EXPENSE AND LOSSES Program services

$4,254,922

$2,240,683

$2,243,337

$0

($455,191)

$8,283,751

General and administrative

$1,897,559

$331,089

$478,149

$6,993

$0

$2,713,790

Fundraising and development

$898,437

$271,908

$411,337

$0

$0

$1,581,682

Depreciation and amortization

$1,026,333

$642,023

$141,576

$0

$0

$1,809,932

Interest and other

$83,001

$250

$3,125

$0

$0

$86,376

TOTAL EXPENSES

$8,160,252

$3,485,953

$3,277,524

$6,993

($455,191)

$14,475,531

Loss of uncollectible promises to give

$37,537

$1,563

$0

$0

$0

$39,100

Loss on investment in Magic of Lights Vail, LLC

$0

$0

$0

$41,917

$0

$41,917

TOTAL EXPENSES AND LOSSES

$8,197,789

$3,487,516

$3,277,524

$48,910

($455,191)

$14,556,548

Change in net assets before equity transfers

$530,168

$3,750,862

$341,705

($48,910)

$0

$4,573,825

Equity Transfers

($250,000)

$0

$0

$250,000

$0

$0

Net Assets, Beginning of Year

$13,910,274

$16,660,392

$2,545,970

$0

$0

$33,116,636

NET ASSETS, END OF YEAR

$14,190,442

$20,411,254

$2,887,675

$201,090

$0

$37,690,461

Federal Tax ID # 74-2215035

2021 Vail Valle� Citize� o� the Yea�:

SHEIKA GRAMSHAMMER In 2021, we celebrated Sheika Gramshammer as the Vail Valley Citizen of the Year in honor of a lifetime of generosity, leadership, and vision.

View the complete profile of our 2021 Citizen of the Year

2021 Vail Valle� Voluntee�s o� the Yea�:

GREER & JACK GARDNER For their many contributions to our community, Greer and Jack Gardner are the recipients of the 2021 Vail Valley Volunteer of the Year award.

View the complete profile of our 2021 Volunteers of the Year

Livin� i� �ul�

COLOR

In 2021 the Vilar Performing Arts Center restored its year-round programming to include all genres ranging from Broadway to large format rock bands all the way to international classical sensations. The venue also reinstated vital community offerings including STARS, Underground Sound, Community Arts Access, and more. Throughout the year the theater hosted a wide range of events, and even expanded its classical music offerings, expanding on its role as a purposeful and clear leader among performing arts centers throughout the nation, and bringing color and vibrancy to our community.

24,355 total attendees

15

STARS (Support the Arts Reaching Students) performances for local youth to experience the venue free of charge Photo by Chris Kendig.

$42,500

worth of tickets provided to the local community free of charge through the Community Arts Access Program (362 tickets)

7

‘Underground Sound’ series performances

Whe�e we once agai�

CONNECTED In 2021, the Gerald R. Ford Amphitheater opened

earlier in the season than ever before and hosted a more dynamic and complete season of events than at any time in its history. An upswell of community support, and a need for outdoor venue spaces, allowed the venue to reach new heights as a gathering place, a center for the arts, and a jewel of the Rocky Mountains.

total attendees

8

headliner performances in partnership with AEG Presents

7

free Moe’s Original BBQ Hot Summer Nights concerts

$5M

economic impact to the Town of Vail

Photo by Jon Resnick.

ARTS

90,000

The move� we make

TOGETHER In the weeks leading up to the 2021 Vail Dance

Festival many artists and organizers felt a mix of elation and trepidation. In a year when nothing felt certain, it was unclear how this ambitious version of the Vail Dance Festival, which sought to accomplish more in less time than ever before, would actually transpire amid all the challenges, and how it would be received by an audience that had not seen in-person Vail Dance Festival performances since August of 2019. All of those questions were answered on Opening Night, and a flood of gratitude and support lifted the 2021 Vail Dance Festival to new heights.

14,948

$825K

55

$3.4M

total attendees

fringe events including Master Classes, Festival Forums, Tiny Dance Tea Party and more Photo by Christopher Duggan.

in total performance ticket revenue

economic impact generated in the Town of Vail

C�eatin�

COMMUNITY Launched in 2020, Magic of Lights Vail is a family-friendly, winter lighting walkthrough experience that offers locals and destination guests alike a memorable, outdoor activity to complement their Vail experience. *Magic of Lights Vail is one of the Vail Valley Foundation’s newest projects, and is a partnership between Vail Valley Foundation Events and Fun Guys Events.

44

nights of operation

21,500 total attendees

In Eagle, the Vail Valley Foundation’s Alpine Bank ShowDown Town concert series is a summertime tradition in Eagle Town Park that has a special place in the heart of valley locals.

6

free Thursday night concerts in Eagle, July 1-Aug. 12

3,876

total attendees

Photo by JohnRyan Lockman.

The be�t o� all po��ible

OUTCOMES The 2021 GoPro Mountain

Games was among the first events in the world to welcome international athletes and spectators to gather once again. The event was filled with the exuberance that can only come from a return to one of the best all-around mountain experiences available anywhere in the world, and it was punctuated by three nights of incredible concerts at the Gerald R. Ford Amphitheater, an elevated artistic component, the return of the ever-popular DockDogs, and more.

Photo by Dan Davis.

59,891

2,064

7,400

$4M

spectators

attended three GoPro Mountains of Music concerts

total athletes

economic impact in the Town of Vail

Not you� o�dina��

DOWNHILL After a one-year hiatus the Xfinity Birds of Prey

16,576 total attendees

$4.4M

economic impact in Beaver Creek

Photo by Jon Resnick.

3

speed event races

555

Beers of Prey attendees

AT H L E T I C S

Audi FIS Ski World Cup returned to Beaver Creek. The athletic performances on the mountain were as awe-inspiring as the camaraderie and community on display throughout the event. At the 2021 Xfinity Birds of Prey, we united to create a positive impact during a very important time year for all of us in the Vail Valley.

The powe� t� find

THEIR WAY The challenges and secondary effects

of the pandemic continue to be a major factor for Eagle County’s youth and families. Recovery has been especially slow for young people who are struggling academically and social-emotionally.

Thanks to exceptional community support, YouthPower365 has been ready and responsive. We have launched initiatives like AmeriCorps Peak Pathfinders to meet new needs and grow our capacity to have a positive impact during this critical time.

YouthPower365 has also been investing time and resources in strengthening our continuum from early childhood to college and career readiness; whether

Each of our program participants has been affected in a unique way by the additional difficulties posed by the pandemic. Each individual is navigating their lasting primary and secondary effects in their own way. Throughout this process, reliable guidance from trusted mentors and teachers has been incredibly important.

Of all the years that VVF has been providing education programming within our community, never before has our work been more important to ensuring that every young person in our community has the support they need to find a successful way forward. Together, thanks to our exceptionally generous community, we are making an incredibly positive impact on the lives of all our young people and families.

597

863

24

10

52

2

Magic Bus students

industry certifications introduced

100%

2

students participated in 2021 K-8 summer programs at four elementary and two middle schools

new college and career readiness student engagement coordinators

staffing levels (a return to prepandemic levels)

K-8 students received academic support and social-emotional learning at 11 schools during the school year

AmeriCorps Peak Pathfinder members recruited

new college and career readiness student engagement coordinators

Photos by Jon Resnick and Chris Kendig.

E D U C AT I O N

through family engagement, or near-peer mentorship, beginning post-secondary advising earlier than ever before, or awarding a college scholarship to a Magic Bus preschool graduate. Being part of a child’s life every step of the way through graduation is what makes YouthPower365 unique. Many thanks to our community for working side-by-side with us to ensure each child reaches their full potential.

P.O. Box 6550 Avon, Colorado 81620 970.777.2015 phone 888.883.8245 toll free 970.949.9265 fax

VVF.ORG | ANNUAL-REPORT.VVF.ORG

View our complete online 2021 Vail Valley Foundation Annual Report