Bravo Colorado Music Festival Endowment Foundation
Nonprofit profile at a glance
- EIN
- 841389134
- IRS 990 coverage
- 2009–2019
- Forms available
- Form 990 2019
- Location
- Vail, CO, USA
- Phone
- 9708275700
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $19,524
- Expenses
- $102,062
- Assets
- $6,436,551
- Liabilities
- $468,838
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
10 people listed
People named in this filing
- GREG WALTON (CHAIR)
- TIM DALTON (VICE CHAIR)
- HANK GUTMAN (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support the bravo! Colorado at beaver creek/vail dba vail valley music festival, a 501(c)3 organization dedicated to presenting and sponsoring musical events in the vail valley
What it reported doing in 2019
Supported the bravo! Colorado at beaver creek/vail dba vail valley music festival, a 501(c)3 organization dedicated to presenting and sponsoring musical events in the vail valley
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 40
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 49%; rating input score 49
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -422.8%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 63.07; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: -7% per year; rating input score 0; 38th percentile among comparable filings
- Revenue growth: -6% per year; rating input score 0; 43rd percentile among comparable filings
- Asset growth: 4.5% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 49% of spending went to programs
- Governance: 8 of 8 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $50K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 12 of 12 current checks pass
- Schedules: 4 filed schedules
- Filing history: 9 filing years from 2009 to 2019
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Program expense ratio scored 49/100.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.