Civic Intelligence

Vermont Council on Rural Development Inc.

990 • Fiscal year 2017 • EIN 03-0354510

Jan 01, 2017 to Dec 31, 2017 • Filed on May 28, 2018

PO Box 1384Montpelier, VT 05601

(802) 223-5763

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.02x

Higher debt load relative to assets than 43% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

36th percentile

0.01x

Higher debt load relative to revenue than 36% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

23rd percentile

-8.0%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

91st percentile

$117,150

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 15.7% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

12th percentile

-14%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

27%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$341,794

Down $55,061 (-14%) from 2016

Net Assets

Down

$335,723

Down $36,204 (-9.7%) from 2016

Liabilities

Down

$6,071

Down $18,857 (-76%) from 2016

Revenue

Up

$745,303

Up $157,061 (+27%) from 2016

Expenses

Up

$805,001

Up $389,476 (+94%) from 2016

Net Income

Down

-$59,698

Down $232,415 (-135%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $171,574Liabilities 2011: $44,707Net Assets 2011: $126,8672011Assets 2012: $98,306Liabilities 2012: $36,350Net Assets 2012: $61,9562012Assets 2013: $263,648Liabilities 2013: $137,117Net Assets 2013: $126,5312013Assets 2014: $199,163Liabilities 2014: $20,924Net Assets 2014: $178,2392014Assets 2015: $220,083Liabilities 2015: $20,873Net Assets 2015: $199,2102015Assets 2016: $396,855Liabilities 2016: $24,928Net Assets 2016: $371,9272016Assets 2017: $341,794Liabilities 2017: $6,071Net Assets 2017: $335,7232017Assets 2018: $384,701Liabilities 2018: $2,843Net Assets 2018: $381,8582018Assets 2019: $434,933Liabilities 2019: $16,498Net Assets 2019: $418,4352019Assets 2020: $642,035Liabilities 2020: $3,356Net Assets 2020: $638,6792020Assets 2021: $695,971Liabilities 2021: $4,306Net Assets 2021: $691,6652021Assets 2022: $806,088Liabilities 2022: $4,206Net Assets 2022: $801,8822022Assets 2023: $766,591Liabilities 2023: $6,957Net Assets 2023: $759,6342023Assets 2024: $789,897Liabilities 2024: $18,445Net Assets 2024: $771,4522024

Highlighted filing

2017

Assets$341,794
Liabilities$6,071
Net Assets$335,723

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,716,110Expenses 2011: $1,715,685Net Income 2011: $4252011Expenses 2012: $824,5242012Revenue 2013: $1,333,733Expenses 2013: $1,269,158Net Income 2013: $64,5752013Revenue 2014: $1,105,901Expenses 2014: $1,054,193Net Income 2014: $51,7082014Revenue 2015: $444,195Expenses 2015: $423,224Net Income 2015: $20,9712015Revenue 2016: $588,242Expenses 2016: $415,525Net Income 2016: $172,7172016Revenue 2017: $745,303Expenses 2017: $805,001Net Income 2017: -$59,6982017Revenue 2018: $649,465Expenses 2018: $600,855Net Income 2018: $48,6102018Revenue 2019: $652,994Expenses 2019: $619,656Net Income 2019: $33,3382019Revenue 2020: $832,540Expenses 2020: $614,914Net Income 2020: $217,6262020Revenue 2021: $938,553Expenses 2021: $890,973Net Income 2021: $47,5802021Revenue 2022: $1,050,791Expenses 2022: $916,531Net Income 2022: $134,2602022Revenue 2023: $950,505Expenses 2023: $1,007,595Net Income 2023: -$57,0902023Revenue 2024: $1,126,412Expenses 2024: $1,118,947Net Income 2024: $7,4652024

Highlighted filing

2017

Revenue$745,303
Expenses$805,001
Net Income-$59,698
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 28, 2018
Return Version
2017v2.2
Gross Receipts
$745,303
Mission and Program Overview

Mission

Community Development

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$363,486$283,489▼ $79,997
Pledges and Grants Receivable$8,657$29,970▲ $21,313
Prepaid Expenses and Deferred Charges$3,312$3,312→ $0
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$396,855$341,794▼ $55,061
Other Assets Total$21,400$25,023▲ $3,623
Liabilities
Other Liabilities$24,928$6,071▼ $18,857
Total Liabilities$24,928$6,071▼ $18,857
Net Assets / Fund Balance
Unrestricted Net Assets$117,252$177,165▲ $59,913
Temporarily Rstr Net Assets$254,675$158,558▼ $96,117
Total Net Assets Fund Balance$371,927$335,723▼ $36,204
Total Liabilities and Net Assets / Fund Balance$396,855$341,794▼ $55,061

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$6,434-
Other Assets Org$1,150--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul CostelloExecutive DirecFT$105,541$11,609$117,150

Board Members and Trustees

NameTitle
Greg BrownChairman
Paul Bruhnvice chair
Al GobeilleDirector
Anson TebbettsDirector
Anthony LinardosDirector
Arthur SchmidtDirector
Darcy CarterDirector
Ed VilandrieDirector
Jen KimmichDirector
John SinclairDirector
Julie MooreDirector
Kate StephensonDirector
Robert MillerDirector
Ted BradyDirector
Thomas HarkDirector
Timothy SmithDirector
Wright PrestonDirector
Dan SmithSecretary
Megan CampTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$622,124
Program Service Revenue
$121,953
Investment Income
$1,226
Other Revenue
$0
All Other Contributions
$461,367
Change in Net Assets
$-59,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$395,318
Salaries, Compensation, and Employee Benefits$389,883
Professional Fundraising Fees$19,800
Total Fundraising Expense$19,800
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$185,522$10,619-$196,141
Current Officers, Directors, Trustees, and Key Employees$81,446$24,095-$105,541
Conferences and Meetings$82,821$2,970-$85,791
Travel$36,595$1,943-$38,538
Other Employee Benefits$29,873$6,064-$35,937
Payroll Taxes$23,885$3,040-$26,925
Pension Plan Contributions$22,689$2,650-$25,339
Fees for Services Professional Fundraising--$19,800$19,800
Office Expenses$10,722$8,499-$19,221
Occupancy$9,994$5,835-$15,829
Other Expenses$7,650$2,771-$10,421
Insurance-$1,390-$1,390
Total Functional Expenses$703,057$82,144$19,800$805,001
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$19,800
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax/withholdings Payable$6,071
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Management duties delegated
No

Governance Explanations

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

Vermont Council on Rural Development contracts with an accounting firm that provides a draft copy in advance of filing. It is signed as accurate by the Executive Director.

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

The Executive Committee does an annual evaluation and recommendation for salary increases based on analysis of comparable positions and compensation in Vermont.

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

Governing documents made available upon request.

Filing and Contact Details

Filer

Filer Name
Vermont Council on Rural Development Inc
EIN
03-0354510
Phone
8022235763
Address
PO BOX 1384, MONTPELIER, VT 05601

Signing Officer

Name
Paul Costello
Title
Executive Direc
Signed
2018-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Costello
Formed
1992
Legal Domicile
Vt
Voting Board Members
19
Independent Board Members
19
Employees
4
Volunteers
100

Preparer

Firm
Fothergill Segale & Valley CPAs
Address
143 Barre Street, Montpelier, VT 05602
Preparer
Linda Maclay CPA
Phone
8022236261
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0vice chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Executive Direc
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0379
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GovernmentGrantsAmt0160757
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0379
IRS990/GrossReceiptsAmt0745303
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt01390
IRS990/InsuranceGrp/TotalAmt01390
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt0-17
IRS990/InvestmentIncomeGrp/ExclusionAmt0847
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0847
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06434
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt06434
IRS990/LegalDomicileStateCd0VT
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Community Development
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0371927
IRS990/NetAssetsOrFundBalancesEOYAmt0335723
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0379
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0379
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03261
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt05835
IRS990/OccupancyGrp/ProgramServicesAmt09994
IRS990/OccupancyGrp/TotalAmt015829
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08499
IRS990/OfficeExpensesGrp/ProgramServicesAmt010722
IRS990/OfficeExpensesGrp/TotalAmt019221
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt021400
IRS990/OtherAssetsTotalGrp/EOYAmt025023
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06064
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt029873
IRS990/OtherEmployeeBenefitsGrp/TotalAmt035937
IRS990/OtherExpensesGrp/Desc0OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011072
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11196
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22771
IRS990/OtherExpensesGrp/ProgramServicesAmt0184973
IRS990/OtherExpensesGrp/ProgramServicesAmt126887
IRS990/OtherExpensesGrp/ProgramServicesAmt27650
IRS990/OtherExpensesGrp/TotalAmt0196045
IRS990/OtherExpensesGrp/TotalAmt128083
IRS990/OtherExpensesGrp/TotalAmt210421
IRS990/OtherLiabilitiesGrp/BOYAmt024928
IRS990/OtherLiabilitiesGrp/EOYAmt06071
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010619
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0185522
IRS990/OtherSalariesAndWagesGrp/TotalAmt0196141
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03040
IRS990/PayrollTaxesGrp/ProgramServicesAmt023885
IRS990/PayrollTaxesGrp/TotalAmt026925
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02650
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt022689
IRS990/PensionPlanContributionsGrp/TotalAmt025339
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt08657
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt029970
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03312
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03312
IRS990/PrincipalOfficerNm0PAUL COSTELLO
IRS990/PriorPeriodAdjustmentsAmt020250
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/Desc0FEES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc2registration fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03100
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt146632
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt272221
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt146632
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt272221
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0539848
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0541
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0127414
IRS990/PYProgramServiceRevenueAmt047853
IRS990/PYRevenuesLessExpensesAmt0172717
IRS990/PYSalariesCompEmpBnftPaidAmt0288111
IRS990/PYTotalExpensesAmt0415525
IRS990/PYTotalRevenueAmt0588242
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.02$0.77$1.13$1.12$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.77$0.01$0.76$0.95$1.01$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.00$0.80$1.05$0.92$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.69$0.94$0.89$0.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.00$0.64$0.83$0.61$0.22
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.02$0.42$0.65$0.62$0.03
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.38$0.00$0.38$0.65$0.60$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.34$0.01$0.34$0.75$0.81$0.06
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.02$0.37$0.59$0.42$0.17
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.02$0.20$0.44$0.42$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.02$0.18$1.11$1.05$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.26$0.14$0.13$1.33$1.27$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.04$0.06$0.82
2011Summary only. Only limited summary data is available for this year.$0.17$0.04$0.13$1.72$1.72$0.00