Civic Intelligence

Vermont Ethics Network Inc.

990 • Fiscal year 2015 • EIN 03-0336174

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 21, 2015

61 Elm StreetMontpelier, VT 05602

(802) 828-2909

Siviq Scores

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

Liabilities / Assets

90th percentile

0.59x

Higher debt load relative to assets than 90% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

80th percentile

0.08x

Higher debt load relative to revenue than 80% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

43rd percentile

0.5%

Higher net margin than 43% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

96th percentile

$73,748

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 35.2% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

75th percentile

25%

Faster asset growth than 75% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$29,398

Up $5,918 (+25%) from 2014

Net Assets

Up

$11,970

Up $994 (+9.1%) from 2014

Liabilities

Up

$17,428

Up $4,924 (+39%) from 2014

Revenue

Up

$209,315

Up $30,453 (+17%) from 2014

Expenses

Down

$208,321

Down $535 (-0.3%) from 2014

Net Income

Up

$994

Up $30,988 (+103%) from 2014

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $26,926Liabilities 2011: $17,948Net Assets 2011: $8,9782011Assets 2012: $55,848Liabilities 2012: $19,717Net Assets 2012: $36,1312012Assets 2013: $54,146Liabilities 2013: $13,175Net Assets 2013: $40,9712013Assets 2014: $23,480Liabilities 2014: $12,504Net Assets 2014: $10,9762014Assets 2015: $29,398Liabilities 2015: $17,428Net Assets 2015: $11,9702015Assets 2016: $127,560Liabilities 2016: $117,826Net Assets 2016: $9,7342016Assets 2017: $131,735Liabilities 2017: $83,161Net Assets 2017: $48,5742017Assets 2018: $173,933Liabilities 2018: $100,962Net Assets 2018: $72,9712018Assets 2019: $67,576Liabilities 2019: $34,392Net Assets 2019: $33,1842019Assets 2020: $70,228Liabilities 2020: $60,235Net Assets 2020: $9,9932020Assets 2021: $146,733Liabilities 2021: $88,136Net Assets 2021: $58,5972021Assets 2022: $149,356Liabilities 2022: $38,834Net Assets 2022: $110,5222022Assets 2023: $109,942Liabilities 2023: $37,322Net Assets 2023: $72,6202023Assets 2024: $125,776Liabilities 2024: $39,015Net Assets 2024: $86,7612024Assets 2025: $158,889Liabilities 2025: $62,652Net Assets 2025: $96,2372025

Highlighted filing

2015

Assets$29,398
Liabilities$17,428
Net Assets$11,970

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $160,117Expenses 2011: $176,122Net Income 2011: -$16,0052011Revenue 2012: $229,719Expenses 2012: $202,566Net Income 2012: $27,1532012Revenue 2013: $191,731Expenses 2013: $186,891Net Income 2013: $4,8402013Revenue 2014: $178,862Expenses 2014: $208,856Net Income 2014: -$29,9942014Revenue 2015: $209,315Expenses 2015: $208,321Net Income 2015: $9942015Revenue 2016: $228,276Expenses 2016: $230,512Net Income 2016: -$2,2362016Revenue 2017: $382,320Expenses 2017: $343,478Net Income 2017: $38,8422017Revenue 2018: $449,934Expenses 2018: $425,537Net Income 2018: $24,3972018Revenue 2019: $397,640Expenses 2019: $437,427Net Income 2019: -$39,7872019Revenue 2020: $312,310Expenses 2020: $335,501Net Income 2020: -$23,1912020Revenue 2021: $426,725Expenses 2021: $378,121Net Income 2021: $48,6042021Revenue 2022: $471,209Expenses 2022: $423,951Net Income 2022: $47,2582022Revenue 2023: $373,513Expenses 2023: $411,415Net Income 2023: -$37,9022023Revenue 2024: $465,710Expenses 2024: $451,569Net Income 2024: $14,1412024Revenue 2025: $578,986Expenses 2025: $569,510Net Income 2025: $9,4762025

Highlighted filing

2015

Revenue$209,315
Expenses$208,321
Net Income$994
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 21, 2015
Return Version
2014v5.0
Gross Receipts
$209,315
Mission and Program Overview

Mission

Provide ethical consideration information.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$7,857$14,818▲ $6,961
Cash and Non-Interest-Bearing Accounts$12,094$8,627▼ $3,467
Prepaid Expenses and Deferred Charges$1,866$3,216▲ $1,350
Inventories for Sale or Use$247$1,913▲ $1,666
Land, Buildings, and Equipment, Net$1,416$824▼ $592
Total Assets$23,480$29,398▲ $5,918
Liabilities
Accounts Payable and Accrued Expenses$12,504$16,074▲ $3,570
Mortgage Notes Payable Secured by Investment Property-$1,354-
Total Liabilities$12,504$17,428▲ $4,924
Net Assets / Fund Balance
Unrestricted Net Assets$10,976$11,970▲ $994
Total Net Assets Fund Balance$10,976$11,970▲ $994
Total Liabilities and Net Assets / Fund Balance$23,480$29,398▲ $5,918

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$824$7,496$8,320
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cindy BruzzeseEx. DirectorFT$73,748$73,748
Revenue and Support

Revenue Composition

Contributions and Grants
$104,236
Program Service Revenue
$99,535
Investment Income
$44
Other Revenue
$5,500
All Other Contributions
$65,336
Change in Net Assets
$994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$118,812
Other Expenses$89,509
Total Fundraising Expense$25,350
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$43,570$23,139$7,262$73,971
All Other Expenses$25,134$3,383$11,356$39,873
Other Salaries and Wages$11,908$6,324$1,985$20,217
Other Employee Benefits$12,759$2,126$2,126$17,011
Occupancy$0$16,100$0$16,100
Other Expenses$14,243$0$1,073$15,316
Payroll Taxes$5,709$952$952$7,613
Office Expenses$2,778$595$596$3,969
Travel$2,588$0$0$2,588
Fees for Services Accounting$0$2,400$0$2,400
Insurance$0$1,180$0$1,180
Depreciation Depletion$0$592$0$592
Advertising$514$0$0$514
Total Functional Expenses$120,950$62,021$25,350$208,321
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
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Vermont Ethics Network Inc
EIN
03-0336174
Phone
8028282909
Address
61 Elm Street, Montpelier, VT 05602

Signing Officer

Name
Cindy Bruzzese
Title
Executive Director
Phone
8028282909
Signed
2015-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Bruzzese
Formed
1986
Legal Domicile
Vt
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
1

Preparer

Firm
White & Associates
Address
86 SUMMER ST, BARRE, VT 05641
Preparer
Lee a White CPA Pfs Cfp
Phone
8024766191
Supplemental Narrative

Additional Explanations

Pt VI, Line 7A

Yes, the stockholders elect the governing board.

Pt VI, Line 7B

Decisions of the governing body is subject to approval by members.

Pt VI, Line 11B

The accountant prepares the 990 and gives a copy to the governing body to review. After they review the 990 they sign it and mail it in.

Pt VI, Line 12C

Any conflicts are noted at each meeting and dealt with at that time.

Pt VI, Line 15A

The organization uses comparability data along with comparing local area organizations compensation to make their determination.

Pt VI, Line 19

They are available to anyone who requests them.

Pt XI

Line 9 is for rounding

Form 990, Part IX, Line 24F

Supplies 3158. 0. 3158. 0. Office cleaning 225. 0. 225. 0. Fees & honararia 8100. 8100. 0. 0. Conference registration 28390. 17034. 0. 11356.

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0660
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13394
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21176
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt21747
IRS990/OtherExpensesGrp/ProgramServicesAmt314243
IRS990/OtherExpensesGrp/TotalAmt0660
IRS990/OtherExpensesGrp/TotalAmt13394
IRS990/OtherExpensesGrp/TotalAmt22923
IRS990/OtherExpensesGrp/TotalAmt315316
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01985
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06324
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011908
IRS990/OtherSalariesAndWagesGrp/TotalAmt020217
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0952
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0952
IRS990/PayrollTaxesGrp/ProgramServicesAmt05709
IRS990/PayrollTaxesGrp/TotalAmt07613
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01866
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03216
IRS990/PrincipalOfficerNm0CINDY BRUZZESE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0Publications
IRS990/ProgramServiceRevenueGrp/Desc1Miscellaneous
IRS990/ProgramServiceRevenueGrp/Desc2Conference sponsorship
IRS990/ProgramServiceRevenueGrp/Desc3Program registration
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt043789
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111051
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt214500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt330195
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt073136
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt042
IRS990/PYOtherExpensesAmt090242
IRS990/PYOtherRevenueAmt06000
IRS990/PYProgramServiceRevenueAmt099684
IRS990/PYRevenuesLessExpensesAmt0-29994
IRS990/PYSalariesCompEmpBnftPaidAmt0118614
IRS990/PYTotalExpensesAmt0208856
IRS990/PYTotalRevenueAmt0178862
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0994
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt05500
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0203771
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0104236
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt073136
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt098444
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0107942
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt086632
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0470390
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05544
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06042
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt08849
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt08482
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt034978
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt099535
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt099684
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt087226
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0112928
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt065003
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0464376
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05544
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt08849
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt08482
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt034978
IRS990ScheduleA/InvestmentIncomeCYPct00.03610
IRS990ScheduleA/InvestmentIncomePYPct00.03470
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.96390
IRS990ScheduleA/PublicSupportPY509Pct00.96530
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0934766
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0203771
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0172820
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0185670
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0220870
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0151635
IRS990ScheduleA/Total509Grp/TotalAmt0934766
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0969744
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0824
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07496
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08320
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0824
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Yes, the stockholders elect the governing board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Decisions of the governing body is subject to approval by members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The accountant prepares the 990 and gives a copy to the governing body to review. After they review the 990 they sign it and mail it in.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Any conflicts are noted at each meeting and dealt with at that time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization uses comparability data along with comparing local area organizations compensation to make their determination.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5They are available to anyone who requests them.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Line 9 is for rounding
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SUPPLIES 3158. 0. 3158. 0. OFFICE CLEANING 225. 0. 225. 0. FEES & HONARARIA 8100. 8100. 0. 0. CONFERENCE REGISTRATION 28390. 17034. 0. 11356.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.63$0.96$5.79$5.70$0.09
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.39$0.87$4.66$4.52$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.10$0.37$0.73$3.74$4.11$0.38
2022Detailed filing. Detailed filing data is available for this year.$1.49$0.39$1.11$4.71$4.24$0.47
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$0.88$0.59$4.27$3.78$0.49
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.60$0.10$3.12$3.36$0.23
2019Detailed filing. Detailed filing data is available for this year.$0.68$0.34$0.33$3.98$4.37$0.40
2018Detailed filing. Detailed filing data is available for this year.$1.74$1.01$0.73$4.50$4.26$0.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$0.83$0.49$3.82$3.43$0.39
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.28$1.18$0.10$2.28$2.31$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.17$0.12$2.09$2.08$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.13$0.11$1.79$2.09$0.30
2013Summary only. Only limited summary data is available for this year.$0.54$0.13$0.41$1.92$1.87$0.05
2012Summary only. Only limited summary data is available for this year.$0.56$0.20$0.36$2.30$2.03$0.27
2011Summary only. Only limited summary data is available for this year.$0.27$0.18$0.09$1.60$1.76$0.16