Civic Intelligence

Vermont Public Radio

EIN 03-0259051 • 501(c)3 • Colchester, VT

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Profile

Listener-supported Vermont Public Radio has been serving the people of Vermont and the surrounding region since 1977. As Vermonts only statewide public radio network, VPR provides an essential and trusted independent voice for news, information, music and cultural exploration for the people of our region. Our purpose is to inspire an informed public and an engaged community.

365 Troy AvenueColchester, VT 05446

vpr.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

59th percentile

$215,445

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

31st percentile

-1.4%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $31,702,879 (-100%) from 2020

Liabilities

Down

$0

Down $1,541,569 (-100%) from 2020

Net Assets

Down

$0

Down $30,161,310 (-100%) from 2020

Operations
Liabilities / Revenue7th percentileNet Margin64th percentile

Revenue

Down

$9,856,748

Down $136,604 (-1.4%) from 2020

Expenses

Down

$8,697,627

Down $1,833,088 (-17%) from 2020

Net Income

Up

$1,159,121

Up $1,696,484 (+316%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth1st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $19,073,547Liabilities 2010: $1,040,292Net Assets 2010: $18,033,2552010Assets 2011: $20,409,757Liabilities 2011: $1,829,401Net Assets 2011: $18,580,3562011Assets 2012: $21,917,620Liabilities 2012: $1,468,394Net Assets 2012: $20,449,2262012Assets 2013: $20,256,988Liabilities 2013: $615,064Net Assets 2013: $19,641,9242013Assets 2014: $22,399,500Liabilities 2014: $722,385Net Assets 2014: $21,677,1152014Assets 2015: $24,913,823Liabilities 2015: $1,123,045Net Assets 2015: $23,790,7782015Assets 2016: $30,760,942Liabilities 2016: $5,265,947Net Assets 2016: $25,494,9952016Assets 2017: $30,249,709Liabilities 2017: $2,101,911Net Assets 2017: $28,147,7982017Assets 2018: $30,044,750Liabilities 2018: $580,180Net Assets 2018: $29,464,5702018Assets 2019: $30,152,050Liabilities 2019: $447,935Net Assets 2019: $29,704,1152019Assets 2020: $31,702,879Liabilities 2020: $1,541,569Net Assets 2020: $30,161,3102020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $7,092,5002010Expenses 2011: $7,930,7112011Expenses 2012: $8,278,9722012Revenue 2013: $7,850,121Expenses 2013: $8,677,344Net Income 2013: -$827,2232013Revenue 2014: $11,614,526Expenses 2014: $9,107,977Net Income 2014: $2,506,5492014Revenue 2015: $12,404,536Expenses 2015: $9,287,604Net Income 2015: $3,116,9322015Revenue 2016: $10,786,608Expenses 2016: $9,649,620Net Income 2016: $1,136,9882016Revenue 2017: $12,420,552Expenses 2017: $10,455,459Net Income 2017: $1,965,0932017Revenue 2018: $12,116,470Expenses 2018: $10,086,793Net Income 2018: $2,029,6772018Revenue 2019: $10,881,705Expenses 2019: $10,286,266Net Income 2019: $595,4392019Revenue 2020: $9,993,352Expenses 2020: $10,530,715Net Income 2020: -$537,3632020Revenue 2021: $9,856,748Expenses 2021: $8,697,627Net Income 2021: $1,159,1212021

Highlighted filing

2021

Revenue$9,856,748
Expenses$8,697,627
Net Income$1,159,121
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$9,856,748
Expenses
$8,697,627
Net income
$1,159,121
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$9.86$8.70$1.16
2020Detailed filing. Detailed filing data is available for this year.$31.7$1.54$30.2$9.99$10.5$0.54
2019Detailed filing. Detailed filing data is available for this year.$30.2$0.45$29.7$10.9$10.3$0.60
2018Detailed filing. Detailed filing data is available for this year.$30.0$0.58$29.5$12.1$10.1$2.03
2017Detailed filing. Detailed filing data is available for this year.$30.2$2.10$28.1$12.4$10.5$1.97
2016Detailed filing. Detailed filing data is available for this year.$30.8$5.27$25.5$10.8$9.65$1.14
2015Detailed filing. Detailed filing data is available for this year.$24.9$1.12$23.8$12.4$9.29$3.12
2014Detailed filing. Detailed filing data is available for this year.$22.4$0.72$21.7$11.6$9.11$2.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$0.62$19.6$7.85$8.68$0.83
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.9$1.47$20.4$8.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.4$1.83$18.6$7.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$1.04$18.0$7.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Jul 31, 2021
Signed
May 31, 2022
Return Version
2020v4.0
Gross Receipts
$11,833,436
Mission and Program Overview

Mission

Listener-supported Vermont Public Radio has been serving the people of Vermont and the surrounding region since 1977. As Vermonts only statewide public radio network, VPR provides an essential and trusted independent voice for news, information, music and cultural exploration for the people of our region. Our purpose is to inspire an informed public and an engaged community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,222,941$0▼ $13,222,941
Land, Buildings, and Equipment, Net$10,186,506$0▼ $10,186,506
Savings and Temporary Cash Investments$1,949,002$0▼ $1,949,002
Cash and Non-Interest-Bearing Accounts$1,057,003$0▼ $1,057,003
Accounts Receivable$284,134$0▼ $284,134
Pledges and Grants Receivable$105,821$0▼ $105,821
Prepaid Expenses and Deferred Charges$91,022$0▼ $91,022
Investments Other Securities$15,784$0▼ $15,784
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$31,702,879$0▼ $31,702,879
Other Assets Total$4,790,666$0▼ $4,790,666
Liabilities
Unsecured Notes Loans Payable$961,452--
Accounts Payable and Accrued Expenses$508,827--
Deferred Revenue$71,290--
Total Liabilities$1,541,569$0▼ $1,541,569
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,563,409--
Net Assets With Donor Restrictions$12,597,901--
Total Net Assets Fund Balance$30,161,310$0▼ $30,161,310
Total Liabilities and Net Assets / Fund Balance$31,702,879$0▼ $31,702,879

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$13,236,509$376,011▲ $2,382,697$271,717$15,723,500
2019$12,511,030$10,463▲ $1,284,645$569,629$13,236,509
2018$11,606,955$796,695▲ $352,263$244,883$12,511,030
2017$11,371,016$258,927▲ $852,600$875,588$11,606,955
2016$10,018,251$295,874▲ $1,369,231$232,089$11,371,016
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott FinnPresident & CEOFT$183,711$31,734$215,445
Brendan KinneySenior VP - MarFT$127,661$29,422$157,083
John Van HoesenSenior VP & CCOFT$132,222$14,562$146,784
Joseph TymeckiVP & CTOFT$115,639$22,300$137,939
Sarah AshworthVP for NewsFT$103,172$28,518$131,690
RaMona SheppardCFO & VPFT$115,543$740$116,283
Heather DieringerVP of StrategyFT$77,332$11,790$89,122

Board Members and Trustees

NameTitle
Nicole RavlinChairperson
Wayne GranquistVice Chair
Bob YoungDirector
Brad RobertsonDirector
Charlie BrowneDirector
Dawn AndrewsDirector
Elizabeth GlenshawDirector
Ellen McCulloch-LovellDirector
Garrett GraffDirector
Joyce JudyDirector
Lane Pike FuryDirector
Molly LambertDirector
Orly MunzingDirector
Robert AllenDirector
Steven SwayneDirector
Willemien Dingemans-MillerDirector
Scott McArdleSecretary
Peggy WilliamsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
National Public RadioProgramming1111 North Capitol Street NE, Washington, DC 20002$609,143
Dinse PCLegal services209 Battery St, Burlington, VT 05401$110,390
Revenue and Support

Revenue Composition

Contributions and Grants
$6,954,958
Program Service Revenue
$1,971,839
Investment Income
$416,362
Other Revenue
$513,589
All Other Contributions
$6,954,958
Change in Net Assets
$1,159,121

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded23$60,464Market quote
Total Noncash Contributions23$60,464-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,776,874
Revenue Not Reported on Financial Statements
$79,874
Revenue Not Reported on Form 990
$2,087,748
Total Revenue per Audited Statements
$11,864,622
Total Revenue per Form 990
$9,856,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,327,642
Other Expenses$3,369,985
Total Fundraising Expense$1,210,996
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,167,574$155,172$541,544$2,864,290
Current Officers, Directors, Trustees, and Key Employees$727,934$511,543$132,502$1,371,979
Other Employee Benefits$479,116$64,632$130,140$673,888
Depreciation Depletion$278,172$245,754-$523,926
Occupancy$439,480$19,384$39,025$497,889
Payroll Taxes$197,958$37,923$52,360$288,241
Fees for Services Other$84,946$80,557$97,473$262,976
Information Technology$180,701$8,034$41,447$230,182
Office Expenses$116,284$20,154$74,169$210,607
Pension Plan Contributions$88,371$15,955$24,918$129,244
Fees for Service Investment Mgmnt Fees-$79,874-$79,874
Fees for Services Legal-$67,387-$67,387
Insurance-$65,929-$65,929
All Other Expenses-$27,173$22,776$49,949
Other Expenses$400$19,124$28,455$47,979
Fees for Services Accounting-$42,549-$42,549
Conferences and Meetings$849$24,153$1,748$26,750
Advertising$11,925$11,680$343$23,948
Travel$12,862$32$1,771$14,665
Total Functional Expenses$5,712,701$1,773,930$1,210,996$8,697,627

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,697,627
Total Expenses per Audited Statements$8,655,065
Expenses per Audited Statements$8,617,753
Expenses Not Reported on Financial Statements$79,874
Expenses Not Reported on Form 990$37,312
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

“VPR's board of directors voted to merge with Vermont ETV, Inc to form a new organization Vermont Public Company. The merger is effective 7/1/2021. Enclosed is a copy of executed articles of merger. Surviving entity is Vermont Public Company,a nonprofit corporation.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Form 990 was reviewed by the Audit Committee and then distributed to the Board of Directors for their review. Board members may provide comments or ask questions, which are addressed prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“VPR has a written policy on conflicts of interest and disclosure of certain interests, which is designed to help directors, officers, and employees identify and disclose situations that present potential conflicts of interest. Once disclosed, VPR management or board leadership works with the disclosing party to acknowledge the situation and address the actual or perceived conflict.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The executive committee recommends the CEO salary based on the comparative data from CFO and forwards to full board for approval.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“VPR uses third party comparable data for setting up staff and other officers' salaries. The leadership team reviews highly paid employees and the board reviews and approves all officers' compensation.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Some of VPR's governing documents are published on the VPR website, including the audited financial statements. Others are available upon request.”

Filing and Contact Details

Filer

Filer Name
Vermont Public Radio
EIN
03-0259051
Phone
8026559451
Address
365 Troy Avenue, Colchester, VT 05446

Signing Officer

Name
Rob Cunningham
Title
Interim CFO
Signed
2022-05-31
Discuss with paid preparer
Yes

Organization Details

Formed
1975
Legal Domicile
Vt
Voting Board Members
19
Independent Board Members
19
Employees
83
Volunteers
45

Preparer

Firm
Grippin Donlan & Pinkham PLC
Address
3 Baldwin Avenue, South Burlington, VT 05403
Preparer
David C Grippin CPA
Phone
8028462000
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Transfer of assets under merger = -$33370867”

Financial Statement Notes

Part X : FIN48 Footnote

“VPR is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code,except on net income derived from unrelated business activities, primarily tower rentals. VPR believes it has appropriate support for any tax positions taken and does not have any uncertain tax positions that are material to the financial statements.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Gross up tower rental expense $37312”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Gross up tower rental expense $37312”

Raw XML AppendixShowing 400 of 789 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0Listener-supported Vermont Public Radio has been serving the people of Vermont and the surrounding region since 1977. As Vermonts only statewide public radio network, VPR provides an essential and trusted independent voice for news, information, music and cultural exploration for the people of our region. Our purpose is to inspire an informed public and an engaged community.
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