Teton Valley Foundation

EIN: 870766886 501(c)(3) Philanthropy & Grantmaking

Victor, ID

Total Revenue
$958,869
Total Expenses
$1,003,156
Total Assets
$526,666
Net Assets
$345,335
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
ID
Principal Officer
Derek Ellis
Phone
2089707486
Tax Period
2024-10-01 to 2025-09-30

Teton Valley Foundation, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $959K in total revenue in fiscal year 2024.

Mission

To make the good life in Teton Valley even better for residents and visitors alike through recreational and cultural programs that create community connections and enhance the local economy.

Program Service Accomplishments

Program 1
Expenses: $564,756 Revenue: $398,028

The Kotler Ice Arena is a seasonal community ice rink operated by Teton Valley Foundation that provides affordable and accessible winter recreation opportunities for residents and visitors throughout...

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The Kotler Ice Arena is a seasonal community ice rink operated by Teton Valley Foundation that provides affordable and accessible winter recreation opportunities for residents and visitors throughout Teton Valley. Bustling with activity throughout the winter season, the facility serves more than 1,500 users each week and hosts approximately 10 tournaments, competitions, and special events annually, bringing more than 5,000 visitors to Teton Valley each winter.The arena is home to the Cutthroats Youth Hockey program, which supports approximately 130 youth athletes ages 4 to 18 through skill development, competition, and character-building opportunities. In addition to youth hockey, the facility offers adult hockey leagues, learn-to-skate programs, figure skating, curling, public skating sessions, school partnerships, and community events.As a critical winter gathering place, the Kotler Ice Arena promotes physical activity, youth engagement, and community connection during months when outdoor recreation opportunities are limited. By prioritizing safety, affordability, and broad community access, the program reduces barriers to participation and supportshealthy lifestyles while contributing to the local economy through sports tourism and regional events.

Program 2
Expenses: $257,226 Revenue: $22,219

Music on Main is a free, donation-based summer concert series operated by Teton Valley Foundation that provides accessible arts and cultural programming for residents and visitors throughout Teton...

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Music on Main is a free, donation-based summer concert series operated by Teton Valley Foundation that provides accessible arts and cultural programming for residents and visitors throughout Teton Valley. Held weekly in Victor City Park, the eight-week series attracts approximately 3,500 attendees per concert, welcoming more than 28,000 attendees over the course of each summer season.The program removes financial barriers to participation by offering high-quality live music performances at no cost to attendees, ensuring broad access for individuals and families of all ages, backgrounds, and income levels. In addition to nationally and regionally touring musical acts, Music on Main provides opportunities for local nonprofits, artists, vendors, and community organizations to engage with the public.Music on Main serves as a significant driver of community connection and economic activity, drawing visitors from throughout the Greater Yellowstone region and supporting local restaurants, retailers, lodging providers, and other businesses. The series is made possible through the support of sponsors, donors, and more than 80 community volunteers who contribute over 400 volunteer shifts each season.By providing free access to arts and culture in a rural community, Music on Main strengthens quality of life, fosters social connection, promotes community pride, and contributes to the economic vitality of Teton Valley.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $411,484
Program Service Revenue $416,847
Investment Income $692
Other Revenue $129,846
TOTAL REVENUE $958,869

Expense Breakdown

Grants Paid $0
Salaries & Benefits $410,823
Fundraising Expenses $24,491
Program Expenses $821,982
Other Expenses $592,333
TOTAL EXPENSES $1,003,156

Year-over-Year Comparison

2024 2023 Change
Revenue $958,869 $899,400 +0.1%
Expenses $1,003,156 $966,103 +0.0%
Net Income $-44,287 $-66,703 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
32
Volunteers
205

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$104,162
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Megan LaTorre Executive Director 40.00
Officer
$76,069 $3,323 $79,392
John Rockefeller Interim Executive Director 40.00
Officer
$23,316 $1,454 $24,770
Alex Seddon Board Chair - Term Ended 8/30/25 2.00
Officer Director
$0 $0 $0
Derek Ellis Board Chair - Term Began 9/1/25 2.00
Officer Director
$0 $0 $0
Cait Barilec Vice Chair - Term Began 9/1/25 0.50
Officer Director
$0 $0 $0
Mara Brannon Treasurer/Secretary (9/1/25) 0.50
Officer Director
$0 $0 $0
Liz Moseley Secretary - Term Ended 8/30/25 0.50
Officer Director
$0 $0 $0
Susan Jackson Board Member/Treasurer (9/1/25) 0.50
Officer Director
$0 $0 $0
Hilary Calagna Board Member 0.50
Director
$0 $0 $0
Ari Kotler Board Member 0.50
Director
$0 $0 $0
John Gavin Board Member 0.50
Director
$0 $0 $0
Kurt Grimmelman Board Member 0.50
Director
$0 $0 $0
Cheryl Dorn Board Member 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $958,869 $1,003,156 $526,666 $-44,287
2024 $899,400 $966,103 $517,320 $-66,703
2023 $757,731 $883,504 $540,034 $-125,773
2022 $740,573 $789,519 $697,581 $-48,946
2021 $875,887 $525,482 $730,930 $350,405
2020 $413,211 $390,107 $349,755 $23,104
2019 $584,438 $540,427 $293,013 $44,011
2018 $515,677 $529,286 $250,822 $-13,609
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