| Return Reference | Explanation |
|---|---|
| FORM 990-EZ, PART I, LINE 16 | EXPENSES DUES AND SUBSCRIPTIONS 100 SUPPLIES 59 SHUTTLE 65,000 TOTAL 65,159 |
| FORM 990-EZ, PART II, LINE 24 | COMPUTER EQUIPMENT AND SOFTWARE 8,814 8,814 LESS ACCUMULATED DEPRECIATION 8,814 8,814 WEBSITE 0 0 TOTAL 0 0 |
| FORM 990-EZ, PART II, LINE 26 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 250 0 |
| FORM 990-EZ, PART III | TO PROMOTE THE TOWN OF ALTA AND LITTLE COTTONWOOD CANYON AS WORLD-CLASS, YEAR-AROUND, MOUNTAIN RESORT DESTINATIONS; TO ENHANCE THE ALTA EXPERIENCE FOR LOCAL RESIDENTS, LOCAL BUSINESSES AND DESTINATION VISITORS; TO FUNCTION AS A PARTNERSHIP BETWEEN THE TOWN OF ALTA AND THE ALTA BUSINESS COMMUNITY; TO ENCOURAGE A STRONG BUSINESS ALLIANCE THAT WILL STRENGTHEN THESE BUSINESSES AND BE AN ADVOCATE FOR THE BUSINESS COMMUNITY; TO TAKE ALL OTHER APPROPRIATE ACTION TO FURTHER SUCH PURPOSES; AND CONSISTENT WITH THE ABOVE, TO EXERCISE ALL POWERS AVAILABLE TO CORPORATIONS ORGANIZED UNDER THE UTAH REVISED NONPROFIT CORPORATION ACT. |
| FORM 990-EZ, PART III, LINE 28 | IN FY 23, ACVB CONTINUED WITH COMMON PROGRAMMING INCLUDING SUPPORT FOR THE ALTA RESORT SHUTTLE, COLLABORATION WITH ALTA COMMUNITY ENRICHMENT, AND HOSTING MEMBER EVENTS. LATER IN THE FISCAL YEAR, THE ACVB BOARD VOTED TO WIND DOWN AND DISSOLVE THE ORGANIZATION, AND IT ADOPTED A DISSOLUTION PLAN TO EFFECT THAT DECISION. ACVB WILL DISTRIBUTE ITS REMAINING ASSETS, WHICH ARE PRIMARILY CASH IN A BUSINESS CHECKING ACCOUNT, AND A LAPTOP, TO THE ALTA RESORT SHUTTLE AND TO ALTA COMMUNITY ENRICHMENT, RESPECTIVELY. ACVB HOPES TO COMPLETE ASSET DISTRIBUTION BY DECEMBER 31ST 2023. |
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