Civic Intelligence

Vermont Catholic Charities Inc.

990 • Fiscal year 2017 • EIN 03-0181216

Jul 01, 2016 to Jun 30, 2017 • Filed on May 10, 2018

55 Joy DriveSo Burlington, VT 05403

(802) 658-6111

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.05x

Higher debt load relative to assets than 26% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

23rd percentile

0.07x

Higher debt load relative to revenue than 23% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

45th percentile

1.8%

Higher net margin than 45% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

32nd percentile

$126,406

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

59th percentile

7.1%

Faster asset growth than 59% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

49th percentile

4.4%

Faster revenue growth than 49% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$10,803,247

Up $711,633 (+7.1%) from 2016

Net Assets

Up

$10,309,866

Up $488,083 (+5.0%) from 2016

Liabilities

Up

$493,381

Up $223,550 (+83%) from 2016

Revenue

Up

$6,649,926

Up $278,578 (+4.4%) from 2016

Expenses

Up

$6,531,417

Up $372,014 (+6.0%) from 2016

Net Income

Down

$118,509

Down $93,436 (-44%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $8,295,609Liabilities 2011: $321,606Net Assets 2011: $7,974,0032011Assets 2012: $8,341,225Liabilities 2012: $331,393Net Assets 2012: $8,009,8322012Assets 2013: $9,243,595Liabilities 2013: $394,198Net Assets 2013: $8,849,3972013Assets 2014: $10,239,456Liabilities 2014: $426,419Net Assets 2014: $9,813,0372014Assets 2015: $10,142,082Liabilities 2015: $393,492Net Assets 2015: $9,748,5902015Assets 2016: $10,091,614Liabilities 2016: $269,831Net Assets 2016: $9,821,7832016Assets 2017: $10,803,247Liabilities 2017: $493,381Net Assets 2017: $10,309,8662017Assets 2018: $11,305,567Liabilities 2018: $511,015Net Assets 2018: $10,794,5522018Assets 2019: $11,138,985Liabilities 2019: $603,695Net Assets 2019: $10,535,2902019Assets 2020: $12,067,817Liabilities 2020: $1,479,039Net Assets 2020: $10,588,7782020Assets 2021: $13,977,678Liabilities 2021: $1,293,634Net Assets 2021: $12,684,0442021Assets 2022: $11,749,456Liabilities 2022: $707,944Net Assets 2022: $11,041,5122022Assets 2023: $11,146,858Liabilities 2023: $1,026,612Net Assets 2023: $10,120,2462023Assets 2024: $11,245,441Liabilities 2024: $551,449Net Assets 2024: $10,693,9922024Assets 2025: $12,508,552Liabilities 2025: $524,849Net Assets 2025: $11,983,7032025

Highlighted filing

2017

Assets$10,803,247
Liabilities$493,381
Net Assets$10,309,866

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $5,210,8722011Expenses 2012: $5,448,0332012Revenue 2013: $6,212,901Expenses 2013: $5,625,186Net Income 2013: $587,7152013Revenue 2014: $6,533,432Expenses 2014: $5,897,194Net Income 2014: $636,2382014Revenue 2015: $5,800,341Expenses 2015: $5,948,962Net Income 2015: -$148,6212015Revenue 2016: $6,371,348Expenses 2016: $6,159,403Net Income 2016: $211,9452016Revenue 2017: $6,649,926Expenses 2017: $6,531,417Net Income 2017: $118,5092017Revenue 2018: $6,633,139Expenses 2018: $6,573,586Net Income 2018: $59,5532018Revenue 2019: $5,997,636Expenses 2019: $6,896,784Net Income 2019: -$899,1482019Revenue 2020: $6,707,569Expenses 2020: $6,792,809Net Income 2020: -$85,2402020Revenue 2021: $8,899,530Expenses 2021: $7,188,454Net Income 2021: $1,711,0762021Revenue 2022: $8,050,691Expenses 2022: $7,792,396Net Income 2022: $258,2952022Revenue 2023: $7,554,620Expenses 2023: $9,465,972Net Income 2023: -$1,911,3522023Revenue 2024: $7,700,128Expenses 2024: $7,990,741Net Income 2024: -$290,6132024Revenue 2025: $7,821,254Expenses 2025: $7,687,417Net Income 2025: $133,8372025

Highlighted filing

2017

Revenue$6,649,926
Expenses$6,531,417
Net Income$118,509
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 10, 2018
Return Version
2016v3.0
Gross Receipts
$9,173,288
Mission and Program Overview

Mission

Vermont catholic charities, inc. (vcci) is a statewide social services agency which has been providing services to the young and elderly, individuals, and families, and the imprisoned of all faiths since 1929. Programs include emergency aid (continues in schedule o). (continued), residential care homes and counseling services.

Provision of social services

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$6,648,946$5,994,086▼ $654,860
Land, Buildings, and Equipment, Net$1,383,846$1,461,805▲ $77,959
Savings and Temporary Cash Investments$419,928$508,892▲ $88,964
Accounts Receivable$250,709$271,162▲ $20,453
Prepaid Expenses and Deferred Charges$29,434$48,040▲ $18,606
Total Assets$10,091,614$10,803,247▲ $711,633
Other Assets Total$1,358,751$2,519,262▲ $1,160,511
Liabilities
Accounts Payable and Accrued Expenses$249,620$395,952▲ $146,332
Other Liabilities$20,211$97,429▲ $77,218
Total Liabilities$269,831$493,381▲ $223,550
Net Assets / Fund Balance
Unrestricted Net Assets$6,325,672$6,584,268▲ $258,596
Permanently Rstr Net Assets$2,418,154$2,515,600▲ $97,446
Temporarily Rstr Net Assets$1,077,957$1,209,998▲ $132,041
Total Net Assets Fund Balance$9,821,783$10,309,866▲ $488,083
Total Liabilities and Net Assets / Fund Balance$10,091,614$10,803,247▲ $711,633

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,318,900$982,370-
Other Land Buildings$26,039$90,068-
Equipment$116,866$62,314-
Other Assets Org$2,519,262--
Other Securities$102,993--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$2,833,573$30,000▲ $212,674-$3,051,633
2015$2,965,817-▼ $68,424-$2,833,573
2014$3,012,719-▲ $11,068-$2,965,817
2013$2,741,166-▲ $324,524-$3,012,719
2012$2,559,445-▲ $234,689-$2,741,166
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary Beth PinardExecutive DirectorFT$107,280$19,126$126,406
Bishop Christopher CoyneBoard Member--$45,753$45,753
Rev Msgr John J McdermottBoard Member--$36,806$36,806
Rev Msgr Peter RouthierBoard Member-$13,292-$13,292

Board Members and Trustees

NameTitle
Arnold LangboBoard Member
Rita RiversBoard Member
Robert RoyBoard Member
Scott BeaudinBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$527,168
Program Service Revenue
$5,619,751
Investment Income
$498,828
Other Revenue
$4,179
All Other Contributions
$524,704
Change in Net Assets
$118,509

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,619,952
Revenue Not Reported on Financial Statements
$29,974
Revenue Not Reported on Form 990
$1,915,945
Total Revenue per Audited Statements
$8,535,897
Total Revenue per Form 990
$6,649,926
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,424,195
Other Expenses$1,812,843
Grants and Similar Amounts Paid$294,379
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,365,520$183,146-$3,548,666
Occupancy$443,124--$443,124
Other Employee Benefits$403,269$27,926-$431,195
Fees for Services Other$380,909$29,055-$409,964
Other Expenses$362,348--$362,348
Payroll Taxes$253,310$20,610-$273,920
Office Expenses$209,368$8,224-$217,592
Grants to Domestic Individuals$176,739--$176,739
Depreciation Depletion$132,043--$132,043
Insurance$117,964$2,966-$120,930
Grants to Domestic Orgs$117,640--$117,640
Current Officers, Directors, Trustees, and Key Employees$22,039$88,156-$110,195
Pension Plan Contributions$54,004$6,215-$60,219
Fees for Service Investment Mgmnt Fees-$36,301-$36,301
Travel$23,580$3,500-$27,080
All Other Expenses$7,072$12,222-$19,294
Advertising$16,405$1,593-$17,998
Information Technology-$13,504-$13,504
Fees for Services Legal-$8,791-$8,791
Conferences and Meetings$3,402$472-$3,874
Total Functional Expenses$6,088,736$442,681$0$6,531,417

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,047,814
Total Expenses per Form 990$6,531,417
Expenses per Audited Statements$6,501,443
Expenses Not Reported on Form 990$1,546,371
Expenses Not Reported on Financial Statements$29,974
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rice Memorial High SchoolSouth Burlington, VT501c(3)Tuition Assistance$22,663
St Francis Xavier SchoolWinooski, VT501c(3)Tuition Assistance$18,811
Christ the King SchoolBurlington, VT501c(3)Tuition Assistance$14,134
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Roman Catholic Diocese$97,429
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The executive director, treasurer, and controller review the form 990 on behalf of the board of directors. Once all are satisfied the return is complete and accurate to the best of their knowledge, the return is filed. The board as a whole is informed that the return has been filed and that it is available for inspection if desired.

Form 990, Part VI, Section C, Line 19

Vcci's governing documents and audited financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Vermont Catholic Charities Inc
EIN
03-0181216
Phone
8026586111
Address
55 JOY DRIVE, SO BURLINGTON, VT 05403

Signing Officer

Name
Mary Beth Pinard
Title
Executive Director
Phone
8026586111
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Beth Pinard
Formed
1929
Legal Domicile
Vt
Voting Board Members
7
Independent Board Members
7
Employees
251
Volunteers
724

Preparer

Firm
Gallagher Flynn & Company Llp
Address
55 COMMUNITY DRIVE SUITE 401, SOUTH BURLINGTON, VT 05403
Preparer
Stephen P Trenholm CPA
Phone
8028631331
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Decrease in beneficial interest in trust 97,446. Distributions from beneficial interest in trust 68,739.

Form 990, Part XII, Line 2C

The board of directors selects the independent accountant to complete the audit of the organization's financial statements.

Financial Statement Notes

PART V, LINE 4:

The vcci endowment includes both donor-restricted endowment funds and any funds designated by the board of directors to function as endowments. As required by generally accepted accounting principles, net assets associated with endowment funds, including funds designated by the board of directors to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. Vcci has a policy of appropriating for distribution each year 5 percent of its endowment fund's fair value on the calendar year end proceeding the fiscal year in which the distribution is planned. Endowment funds are used for the general mission of vermont catholic charities as well as specific purposes including the care for poor and needy children in chittenden county.

PART X, LINE 2:

Each year, management considers whether any material tax position vcci has taken is more likely than not to be sustained upon examination by the applicable taxing authority. Management believes that any positions vcci has taken are supported by substantial authority and, therefore, do not need to be measured or disclosed in these consolidated financial statements. Tax returns for years subsequent to june 30, 2013 are subject to examination by tax authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of beneficial interest in trust 97,446. Distribution from beneficial interest in trust 68,739.

Raw XML AppendixShowing 400 of 635 raw XML fields

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IRS990/Desc0VERMONT CATHOLIC CHARITIES, INC. (VCCI) OPERATES FOUR RESIDENTIAL CARE HOMES WITH LOCATIONS IN BURLINGTON, DERBY LINE AND RUTLAND. OUR MISSION IS TO PROVIDE RESIDENTS WITH A SAFE, CARING AND HOMELIKE ENVIRONMENT WHERE THEY CAN ENJOY A PLEASANT LIVING EXPERIENCE ROOTED IN CHRISTIAN DIGNITY.
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IRS990/MissionDesc0VERMONT CATHOLIC CHARITIES, INC. IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF CONDUCTING THE CHARITABLE, EDUCATIONAL, AND SOCIAL SERVICE ACTIVITIES OF THE ROMAN CATHOLIC DIOCESE OF BURLINGTON, VERMONT, INC. THE ORGANIZATION OPERATES FOUR RESIDENTIAL CARE HOMES AND PROVIDES OTHER CHARITABLE CARE THROUGH VARIOUS PROGRAMS, INCLUDING COUNSELING, EMERGENCY FINANCIAL ASSISTANCE, AND PRISON MINISTRIES.
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IRS990/PrincipalOfficerNm0MARY BETH PINARD
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IRS990/ProgramServiceRevenueGrp/Desc1ST JOES AGED HOME
IRS990/ProgramServiceRevenueGrp/Desc2MICHAUD MEMORIAL AGED H
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IRS990/ProgSrvcAccomActy2Grp/Desc0VCCI PROVIDES COUNSELING SERVICES TO INDIVIDUALS, COUPLES AND FAMILIES. WE SEEK TO OFFER HOPE, SUPPORT, COMPASSION AND THE OPPORTUNITY FOR HEALING AND PERSONAL GROWTH. WITH OFFICES IN SOUTH BURLINGTON, RUTLAND, ST. ALBANS, SWANTON AND MIDDLEBURY, OUR DEDICATED COUNSELORS CONDUCTED OVER 2,812 COUNSELING SESSIONS. TO ENSURE AFFORDABILITY AND ACCESS TO ALL, REDUCED OR FREE COUNSELING SERVICES ARE PROVIDED. 15% OF VCCI'S SERVICES WERE PROVIDED AT REDUCED OR FREE RATES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0VCCI'S EMERGENCY AID PROGRAM PROVIDES LIMITED EMERGENCY RESOURCES TO INDIVIDUALS AND FAMILIES WHO FACE UNEXPECTED CRISES IN THEIR LIVES OR WORRY ABOUT HOW THEY ARE GOING TO MEET THEIR MOST BASIC NEEDS. IT IS DESIGNED TO HELP INDIVIDUALS AND FAMILIES MEET BASIC NEEDS THAT ARE NOT OR CANNOT BE FUNDED THROUGH OTHER RESOURCES. WHILE LIMITED FINANCIAL ASSISTANCE IS CERTAINLY NOT THE SOLUTION TO THE PROBLEM, CLIENTS ARE EMPOWERED BY RECEIVING SUPPORT AND INFORMATION REGARDING RESOURCES AND OPPORTUNITIES IN ADDITION TO FINANCIAL ASSISTANCE. THROUGH THIS SERVICE, VCCI ALSO OFFERS CLIENTS CASE MANAGEMENT. INDIVIDUALS AND FAMILIES LEARN TO NAVIGATE THROUGH SYSTEMS AND COMMUNITY RESOURCES. THE GOAL IS TO EMPOWER THE INDIVIDUAL AND/OR FAMILY THROUGH EDUCATION, ADVOCACY, AND NETWORKING TO IMPROVE THEIR ABILITY TO BE SELF-SUFFICIENT. VCCI'S EMERGENCY AID PROGRAM SERVED 1,814 INDIVIDUALS THROUGHOUT THE STATE OF VERMONT. THE PRISON MINISTRY PROGRAM PROVIDES SUPPORT TO INMATES IN CORRECTIONAL FACILITIES, TO THOSE WHO HAVE BEEN RECENTLY RELEASED AND TO THEIR FAMILIES. THE GOAL IS TO GIVE EVERY INDIVIDUAL A SENSE OF HOPE AND KNOWLEDGE OF SELF-WORTH. VCCI PROVIDES SOME IMMEDIATE FINANCIAL ASSISTANCE TO NEWLY RELEASED INMATES TO HELP THEM HAVE A CHANCE AT A NEW START. VCCI HELPED 46 INDIVIDUALS, PROVIDING OVER $12,000 OF AID.
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IRS990/ScheduleBRequiredInd01
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$12.5$0.52$12.0$7.82$7.69$0.13
2024Detailed filing. Detailed filing data is available for this year.$11.2$0.55$10.7$7.70$7.99$0.29
2023Detailed filing. Detailed filing data is available for this year.$11.1$1.03$10.1$7.55$9.47$1.91
2022Detailed filing. Detailed filing data is available for this year.$11.7$0.71$11.0$8.05$7.79$0.26
2021Detailed filing. Detailed filing data is available for this year.$14.0$1.29$12.7$8.90$7.19$1.71
2020Detailed filing. Detailed filing data is available for this year.$12.1$1.48$10.6$6.71$6.79$0.09
2019Detailed filing. Detailed filing data is available for this year.$11.1$0.60$10.5$6.00$6.90$0.90
2018Detailed filing. Detailed filing data is available for this year.$11.3$0.51$10.8$6.63$6.57$0.06
2017Detailed filing. Detailed filing data is available for this year.$10.8$0.49$10.3$6.65$6.53$0.12
2016Detailed filing. Detailed filing data is available for this year.$10.1$0.27$9.82$6.37$6.16$0.21
2015Detailed filing. Detailed filing data is available for this year.$10.1$0.39$9.75$5.80$5.95$0.15
2014Detailed filing. Detailed filing data is available for this year.$10.2$0.43$9.81$6.53$5.90$0.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.24$0.39$8.85$6.21$5.63$0.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.34$0.33$8.01$5.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.30$0.32$7.97$5.21
Peer Organizations

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