Civic Intelligence

Vermont Maple Sugar Makers Assoc Inc

990 • Fiscal year 2022 • EIN 03-0213578

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 27, 2023

PO Box 854Richford, VT 05476

(802) 777-2667

Siviq Scores

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

Liabilities / Assets

99th percentile

0.78x

Higher debt load relative to assets than 99% of similar nonprofits.

2022 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

3.13x

Higher debt load relative to revenue than 99% of similar nonprofits.

2022 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2022

Net Margin

54th percentile

5.7%

Higher net margin than 54% of similar nonprofits.

2022 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

67th percentile

$43,266

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 19.4% of source-year revenue.

2022 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2022

Asset Growth

100th percentile

345%

Faster asset growth than 100% of similar nonprofits.

2022 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

47%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$895,738

Up $694,522 (+345%) from 2021

Net Assets

Up

$198,062

Up $12,592 (+6.8%) from 2021

Liabilities

Up

$697,676

Up $681,930 (+4331%) from 2021

Revenue

Up

$222,787

Up $71,477 (+47%) from 2021

Expenses

Up

$210,195

Up $56,111 (+36%) from 2021

Net Income

Up

$12,592

Up $15,366 (+554%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $219,719Liabilities 2010: $21,154Net Assets 2010: $198,5652010Assets 2011: $224,964Liabilities 2011: $18,372Net Assets 2011: $206,5922011Assets 2012: $281,570Liabilities 2012: $76,987Net Assets 2012: $204,5832012Assets 2013: $263,783Liabilities 2013: $59,050Net Assets 2013: $204,7332013Assets 2014: $285,253Liabilities 2014: $69,589Net Assets 2014: $215,6642014Assets 2015: $223,001Liabilities 2015: $25,579Net Assets 2015: $197,4222015Assets 2016: $260,275Liabilities 2016: $6,510Net Assets 2016: $253,7652016Assets 2017: $221,923Liabilities 2017: $13,481Net Assets 2017: $208,4422017Assets 2018: $234,952Liabilities 2018: $40,476Net Assets 2018: $194,4762018Assets 2019: $226,421Liabilities 2019: $11,471Net Assets 2019: $214,9502019Assets 2020: $248,307Liabilities 2020: $60,063Net Assets 2020: $188,2442020Assets 2021: $201,216Liabilities 2021: $15,746Net Assets 2021: $185,4702021Assets 2022: $895,738Liabilities 2022: $697,676Net Assets 2022: $198,0622022Assets 2023: $752,758Liabilities 2023: $580,371Net Assets 2023: $172,3872023Assets 2024: $547,480Liabilities 2024: $431,064Net Assets 2024: $116,4162024

Highlighted filing

2022

Assets$895,738
Liabilities$697,676
Net Assets$198,062

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $206,170Expenses 2010: $168,740Net Income 2010: $37,4302010Expenses 2011: $191,5672011Revenue 2012: $212,765Expenses 2012: $214,151Net Income 2012: -$1,3862012Revenue 2013: $262,587Expenses 2013: $262,918Net Income 2013: -$3312013Revenue 2014: $192,079Expenses 2014: $233,995Net Income 2014: -$41,9162014Revenue 2015: $189,058Expenses 2015: $207,287Net Income 2015: -$18,2292015Revenue 2016: $425,379Expenses 2016: $369,036Net Income 2016: $56,3432016Revenue 2017: $211,369Expenses 2017: $256,692Net Income 2017: -$45,3232017Revenue 2018: $217,717Expenses 2018: $194,013Net Income 2018: $23,7042018Revenue 2019: $242,201Expenses 2019: $221,727Net Income 2019: $20,4742019Revenue 2020: $236,367Expenses 2020: $263,073Net Income 2020: -$26,7062020Revenue 2021: $151,310Expenses 2021: $154,084Net Income 2021: -$2,7742021Revenue 2022: $222,787Expenses 2022: $210,195Net Income 2022: $12,5922022Revenue 2023: $309,879Expenses 2023: $335,554Net Income 2023: -$25,6752023Revenue 2024: $314,026Expenses 2024: $369,997Net Income 2024: -$55,9712024

Highlighted filing

2022

Revenue$222,787
Expenses$210,195
Net Income$12,592
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 27, 2023
Return Version
2022v4.1
Gross Receipts
$654,912
Mission and Program Overview

Mission

Research and promotion of the maple industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$71,071$706,952▲ $635,881
Rtn Earn Endowment Incm Other Fnds$185,470$198,062▲ $12,592
Savings and Temporary Cash Investments$88,760$96,125▲ $7,365
Inventories for Sale or Use$28,611$43,217▲ $14,606
Pledges and Grants Receivable$1,980$33,530▲ $31,550
Accounts Receivable$10,656$15,914▲ $5,258
Land, Buildings, and Equipment, Net$138--
Total Assets$201,216$895,738▲ $694,522
Liabilities
Deferred Revenue$3,196$668,024▲ $664,828
Accounts Payable and Accrued Expenses$12,550$29,652▲ $17,102
Total Liabilities$15,746$697,676▲ $681,930
Net Assets / Fund Balance
Total Net Assets Fund Balance$185,470$198,062▲ $12,592
Total Liabilities and Net Assets / Fund Balance$201,216$895,738▲ $694,522

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$15,089$15,089
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Allison HopeExecutive DirectorFT$43,266$43,266

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$78,714
Program Service Revenue
$40,270
Investment Income
$42
Other Revenue
$103,761
Change in Net Assets
$12,592
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$116,654
Salaries, Compensation, and Employee Benefits$93,541
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$25,960$17,306-$43,266
Other Salaries and Wages$25,539$17,027-$42,566
Fees for Services Other$23,087$14,263-$37,350
Advertising$13,009$6,271-$19,280
All Other Expenses$8,540$2,092-$10,632
Office Expenses$8,015$2,453-$10,468
Payroll Taxes$4,625$3,084-$7,709
Travel$742$5,359-$6,101
Information Technology$500$4,751-$5,251
Occupancy$3,474$1,262-$4,736
Insurance-$3,311-$3,311
Fees for Services Accounting-$2,149-$2,149
Other Expenses$150$733-$883
Conferences and Meetings-$340-$340
Depreciation Depletion-$138-$138
Total Functional Expenses$114,121$96,074$0$210,195
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$215,884
Fundraising Direct Expenses$174,110
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
East St Expo$215,884$215,884$174,110$41,774
Total Events$215,884$215,884$174,110$41,774
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

The organization has four types of memberships: maple producers members, maple industry members, maple advisor members, members-at-large.

Member election for additional members Part VI line 7A

Maple producer and industry members have voting rights. Maple advisor members and members-at-large do not have voting rights.

Governing body decisions Part VI line 7B

Approval is by a vote at the annual meeting.

Form 990 governing body review Part VI line 11

The executive director reviews the 990 with the executive committee, which includes the board chair, vice-chair, treasurer, secretary and a member-at-large.

Governing documents etc available to public Part VI line 19

Vmsma documentation is available for review by board members via a dropbox folder online and board meeting minutes and annual financials and budgets are posted online for members to review.

Filing and Contact Details

Filer

Filer Name
Vermont Maple Sugar Makers Assoc Inc
EIN
03-0213578
Address
PO BOX 854, RICHFORD, VT 05476

Signing Officer

Name
Allison Hope
Title
Executive Direc
Phone
8027772667
Signed
2023-02-27
Discuss with paid preparer
No

Organization Details

Principal Officer
Allison Hope
Formed
1951
Legal Domicile
Vt
Voting Board Members
18
Independent Board Members
18
Employees
3
Volunteers
18

Preparer

Firm
Pace & Hawley LLC
Address
PO Box 603, Montpelier, VT 05601
Preparer
Nathan Hawley CPA
Phone
8024612587
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Program: contract work $23,087 related to speciality crops and advertisingadmin: contract work $14,263 related to board and member meetings

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IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt17SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER
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IRS990/FundraisingGrossIncomeAmt0215884
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IRS990/GrantsToOrganizationsInd0false
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IRS990/GrossReceiptsAmt0654912
IRS990/GrossSalesOfInventoryAmt0298873
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IRS990/IncludeFIN48FootnoteInd0false
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IRS990/MinutesOfCommitteesInd0true
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IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt040858
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt040858
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0true
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IRS990/OccupancyGrp/ProgramServicesAmt03474
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02453
IRS990/OfficeExpensesGrp/ProgramServicesAmt08015
IRS990/OfficeExpensesGrp/TotalAmt010468
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2EDUCATIONTRAINING
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt025539
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IRS990/PartialLiquidationInd0false
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IRS990/PayrollTaxesGrp/ProgramServicesAmt04625
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01980
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt033530
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IRS990/ProgramServiceRevenueGrp/BusinessCd2812900
IRS990/ProgramServiceRevenueGrp/BusinessCd3541800
IRS990/ProgramServiceRevenueGrp/Desc0MAPLE PUBLICATIONS
IRS990/ProgramServiceRevenueGrp/Desc1EVENTS WORKSHOPS
IRS990/ProgramServiceRevenueGrp/Desc2MEMBER BENEFITS
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt03450
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111035
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IRS990/PYInvestmentIncomeAmt069
IRS990/PYOtherExpensesAmt060950
IRS990/PYOtherRevenueAmt037702
IRS990/PYProgramServiceRevenueAmt031094
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IRS990/PYTotalRevenueAmt0151310
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt095907
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt018229
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0185470
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0198062
IRS990/SavingsAndTempCashInvstGrp/BOYAmt088760
IRS990/SavingsAndTempCashInvstGrp/EOYAmt096125
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015089
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015089
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0174110
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0EAST ST EXPO
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0215884
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0215884
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0215884
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0215884
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt041774

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.47$4.31$1.16$3.14$3.70$0.56
2023Detailed filing. Detailed filing data is available for this year.$7.53$5.80$1.72$3.10$3.36$0.26
2022Detailed filing. Detailed filing data is available for this year.$8.96$6.98$1.98$2.23$2.10$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$0.16$1.85$1.51$1.54$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$0.60$1.88$2.36$2.63$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$0.11$2.15$2.42$2.22$0.20
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.40$1.94$2.18$1.94$0.24
2017Detailed filing. Detailed filing data is available for this year.$2.22$0.13$2.08$2.11$2.57$0.45
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.60$0.07$2.54$4.25$3.69$0.56
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.23$0.26$1.97$1.89$2.07$0.18
2014Detailed filing. Detailed filing data is available for this year.$2.85$0.70$2.16$1.92$2.34$0.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$0.59$2.05$2.63$2.63$0.00
2012Summary only. Only limited summary data is available for this year.$2.82$0.77$2.05$2.13$2.14$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.18$2.07$1.92
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$0.21$1.99$2.06$1.69$0.37
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)5 • $500k-$1M nonprofits