Overview
What is Vail Valley Partnership?
Vail Valley Partnership is a nonprofit organization situated in Edwards, Colorado. Their primary mission is to foster local business success and enhance regional economic vitality. They achieve this by offering resources and tools for businesses, promoting the Eagle River Valley as a tourist destination, and initiating economic development efforts. The organization has three main roles: economic growth and advocacy, regional chamber of commerce, and tourism development. Through these roles, they strive to strengthen the local community, ensure the economic health of the Vail Valley, and promote the area as a year-round destination for visitors. In times of economic disruptions, they serve as an information hub, facilitating recovery efforts and representing the business community's voice to government officials. In summary, Vail Valley Partnership is dedicated to supporting local businesses, promoting tourism, and advocating for economic growth in the Vail Valley, aiming to build vibrant communities and attract investors, visitors, and businesses.
Official website here: www.vailvalleypartnership.com
Is Vail Valley Partnership legitimate?
Vail Valley Partnership is a legitimate nonprofit organization registered as a 501(c)(6) entity. Vail Valley Partnership submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $185,969
Professional Fundraising Fees: $0
Other Salaries and Wages: $658,579
For more financial information, click here
Official website here: www.vailvalleypartnership.com
What is the mission statement of Vail Valley Partnership?
The Vail Valley Partnership is committed to supporting local businesses and promoting regional economic vitality. Its mission is centered around five primary goals: creating attractive communities for residents, visitors, and investors; promoting these communities; ensuring future prosperity through a pro-business climate; representing the unified voice of the employer community; and reducing transactional friction through well-functioning networks. The organization achieves these goals by offering business tools and resources, promoting the destination to guests, and initiating economic development efforts. Specifically, it focuses on economic growth and advocacy, providing networking and educational opportunities for businesses, and promoting the region as a year-round destination for visitors. Additionally, the partnership plays a role in economic resilience, acting as a responsive participant in recovery efforts following major disruptions to the economic base.
Official website here: www.vailvalleypartnership.com
Who is the CEO of Vail Valley Partnership?
Chris Romer is the CEO of Vail Valley Partnership The CEO's salary of Vail Valley Partnership is $185,969 and their total compensation is $203,348.
Official website here: www.vailvalleypartnership.com
What is the revenue of Vail Valley Partnership?
Vail Valley Partnership's revenue in 2023 was $1,262,872.
Official website here: www.vailvalleypartnership.com
Who are the executives of Vail Valley Partnership and what are their salaries?
The average compensation at Vail Valley Partnership during 2023 was $84,455. There are 10 employees and 15 volunteers at Vail Valley Partnership.
Here are 16 key members and their salaries (Vail Valley Partnership's CEO's salary is $185,969 and their total compensation is $203,348):
- Compensation: $185,969
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- Other: $17,379
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Official website here: www.vailvalleypartnership.com
Where can I find the form 990 for Vail Valley Partnership?
Vail Valley Partnership's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vailvalleypartnership.com
Learn more at the official website: www.vailvalleypartnership.com
Mission Statement of Vail Valley Partnership
Vail Valley Partnership, a nonprofit organization, is committed to a mission centered around five primary goals. Their objective is to build communities that attract residents, visitors, and investors, promote these communities, ensure future prosperity through a pro-business climate, represent the unified voice of the employer community, and reduce transactional friction by enhancing network functionality.
In essence, Vail Valley Partnership strives to ensure the success of local businesses and foster regional economic vitality. They accomplish this by offering tools and resources to local businesses, promoting the Eagle River Valley as a tourist destination, and initiating economic development efforts. The partnership plays three distinct yet interconnected roles in the community: economic growth and advocacy, regional chamber of commerce, and tourism development.
Through economic growth and advocacy, Vail Valley Partnership works to maintain the economic health of the valley, helping existing businesses thrive and recruiting new businesses that can support the local economy. Their primary focus areas include business retention and workforce and talent pipeline development. In their role as a regional chamber of commerce, they provide networking, educational, and collaborative programming opportunities to strengthen the local community. Their primary focus areas include educational programming, advocacy, networking and connections, and small business support efforts. Lastly, in their tourism development role, they promote the entire Vail Valley as a year-round destination to potential domestic and international visitors, with a focus on attracting groups and meetings and informing leisure guests about local attractions.
In times of major disruptions to the economy, Vail Valley Partnership serves as a responsive participant in economic recovery efforts. They act as an information hub, collecting data and convening the appropriate players to facilitate recovery post-disruption. They also serve as a conduit between the business community and government officials, and as a voice to government officials for the business community.
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Impact
October, 2024
Vail Valley Partnership significantly impacts the local economy and community by enhancing business success and fostering regional economic vitality. It provides essential tools and resources tailored for businesses, ensuring they thrive amidst changing conditions. The Partnership focuses on three interconnected areas:
1. **Economic Growth & Advocacy**: By championing economic health, it aids existing businesses and attracts new ones to the Vail Valley, emphasizing business retention and workforce development.
2. **Chamber of Commerce Services**: Through networking, educational opportunities, and advocacy, it strengthens the local business community, supporting small businesses and facilitating valuable connections.
3. **Tourism Development**: The Partnership actively markets the Vail Valley as a premier year-round destination, drawing visitors and groups from various locales, thereby boosting tourism and local revenues.
Additionally, Vail Valley Partnership plays a critical role in enhancing economic resiliency. It serves as an information hub that collects data and coordinates recovery efforts after economic disruptions, ensuring effective communication between the business community and governmental entities. Overall, its mission encompasses building attractive communities, promoting growth, advocating for businesses, and creating well-functioning networks to support transactional efficiency.
This information is meant to be a general summary of Vail Valley Partnership. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $240
- Program Service Revenue: $491,015
- Gross Receipts: $1,262,872
Assets and Liabilities:
- Total Assets: $669,169
- Total Liabilities: $454,510
- Net Assets: $214,659
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MARKETING FEES
Revenue
$327,590
LODGING QUALITY ASSURANCE
Revenue
$110,738
AIR ALLIANCE
Revenue
$40,000
CENTRAL RESERVATION BOOKING
Revenue
$7,133
BUSINESS AWARDS GALA
Revenue
$5,554
Organization Details
Founding Year
1964
Principal Officer
Mark Herron
NTEE Category
Code: S33 - Community improvement
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