Civic Intelligence

Lake Champlain Lifelong Learning Fund Inc

990 • Fiscal year 2015 • EIN 03-0366744

Oct 01, 2014 to Sep 30, 2015 • Filed on Nov 24, 2015

60 Main Street Suite 100Burlington, VT 05401

(802) 863-3489

Siviq Scores

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

Liabilities / Assets

91st percentile

0.61x

Higher debt load relative to assets than 91% of similar nonprofits.

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

Liabilities / Revenue

92nd percentile

0.50x

Higher debt load relative to revenue than 92% of similar nonprofits.

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

Net Margin

59th percentile

7.4%

Higher net margin than 59% of similar nonprofits.

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

Top Officer Pay

99th percentile

$201,245

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 185.2% of source-year revenue.

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

Asset Growth

17th percentile

-26%

Faster asset growth than 17% of similar nonprofits.

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

Revenue Growth

12th percentile

-41%

Faster revenue growth than 12% of similar nonprofits.

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

Assets

Down

$87,588

Down $30,905 (-26%) from 2014

Net Assets

Up

$33,810

Up $7,989 (+31%) from 2014

Liabilities

Down

$53,778

Down $38,894 (-42%) from 2014

Revenue

Down

$108,641

Down $75,241 (-41%) from 2014

Expenses

Down

$100,652

Down $70,119 (-41%) from 2014

Net Income

Down

$7,989

Down $5,122 (-39%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $118,493Liabilities 2014: $92,672Net Assets 2014: $25,8212014Assets 2015: $87,588Liabilities 2015: $53,778Net Assets 2015: $33,8102015Assets 2016: $69,483Liabilities 2016: $24,630Net Assets 2016: $44,8532016Assets 2017: $117,388Liabilities 2017: $36,604Net Assets 2017: $80,7842017Assets 2018: $11,261Liabilities 2018: $2,000Net Assets 2018: $9,2612018Assets 2019: $97,725Liabilities 2019: $19,919Net Assets 2019: $77,8062019Assets 2020: $184,181Liabilities 2020: $23,419Net Assets 2020: $160,7622020Assets 2021: $1,106,135Liabilities 2021: $224,526Net Assets 2021: $881,6092021Assets 2022: $1,032,024Liabilities 2022: $1,086Net Assets 2022: $1,030,9382022Assets 2023: $1,151,949Liabilities 2023: $77Net Assets 2023: $1,151,8722023Assets 2024: $1,402,471Liabilities 2024: $345Net Assets 2024: $1,402,1262024

Highlighted filing

2015

Assets$87,588
Liabilities$53,778
Net Assets$33,810

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $183,882Expenses 2014: $170,771Net Income 2014: $13,1112014Revenue 2015: $108,641Expenses 2015: $100,652Net Income 2015: $7,9892015Revenue 2016: $104,270Expenses 2016: $93,227Net Income 2016: $11,0432016Revenue 2017: $268,595Expenses 2017: $232,664Net Income 2017: $35,9312017Revenue 2018: $147,728Expenses 2018: $219,251Net Income 2018: -$71,5232018Revenue 2019: $285,846Expenses 2019: $217,301Net Income 2019: $68,5452019Revenue 2020: $225,127Expenses 2020: $142,171Net Income 2020: $82,9562020Revenue 2021: $987,053Expenses 2021: $266,206Net Income 2021: $720,8472021Revenue 2022: $248,919Expenses 2022: $64,800Net Income 2022: $184,1192022Revenue 2023: $286,578Expenses 2023: $133,961Net Income 2023: $152,6172023Revenue 2024: $418,978Expenses 2024: $173,376Net Income 2024: $245,6022024

Highlighted filing

2015

Revenue$108,641
Expenses$100,652
Net Income$7,989
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Nov 24, 2015
Return Version
2014v6.0
Gross Receipts
$108,641
Mission and Program Overview

Mission

The purpose of this non-profit organization is to develop and implement workforce development strategies that support business and industry primarily in our region of vermont (chittenden county) and statewide. These strategies include: the launchvt initiative, and the navigator program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$87,811$85,588▼ $2,223
Pledges and Grants Receivable$30,682$2,000▼ $28,682
Total Assets$118,493$87,588▼ $30,905
Liabilities
Accounts Payable and Accrued Expenses$92,672$50,778▼ $41,894
Deferred Revenue-$3,000-
Total Liabilities$92,672$53,778▼ $38,894
Net Assets / Fund Balance
Unrestricted Net Assets$25,821$33,810▲ $7,989
Total Net Assets Fund Balance$25,821$33,810▲ $7,989
Total Liabilities and Net Assets / Fund Balance$118,493$87,588▼ $30,905
Compensation and Service Providers

Employees

NameTitleOtherTotal
Thomas TortiExecutive Di$201,245$201,245
PATRICK O'NEILSecretary$66,789$66,789

Board Members and Trustees

NameTitle
Thomas TortiExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$62,499
Program Service Revenue
$46,142
Investment Income
$0
Other Revenue
$0
All Other Contributions
$62,499
Change in Net Assets
$7,989
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$45,000
Salaries, Compensation, and Employee Benefits$39,510
Other Expenses$16,142
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$45,000--$45,000
Other Salaries and Wages$33,750--$33,750
Occupancy$7,246--$7,246
Advertising$3,765--$3,765
Office Expenses$3,216--$3,216
Other Employee Benefits$3,060--$3,060
Payroll Taxes$2,700--$2,700
Fees for Services Accounting$1,875--$1,875
Travel$40--$40
Total Functional Expenses$100,652$0$0$100,652
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Renoun LLCShelburne, VT-Launchvt Winner$30,000
Trillo LLCCharlotte, VT-Launchvt Winner$15,000
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
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the 990 was provided to the board of directors for review and approval prior to the 990 being filed.

Form 990, Page 6, Part VI, Line 12C

We have a conflict of interest policy in our employee manual - the entire manual is reviewed, acknowledged and signed off on by the employee upon hiring. The employee manual is updated by outside council and reviewed by staff - last time formally - 2007 and is available in our database for employees to review/print/etc., at any time. We encourage and foster open communications between staff & management.

Form 990, Page 6, Part VI, Line 15A

The chair of the board solicits feedback on the president's performance from board members and others that are deemed appropriate. The chair also confers with members of the executive committee in making salary adjustments. The chair reviews salary and benefit comparables for both in-state and out of state non-profit businesses.

Form 990, Page 6, Part VI, Line 15B

Each year every employee compiles a list of their accomplishments compared to the goals set by their supervisor. The supervisor then reviews this list with the employee. Compensation usually increases across the board anywhere between 3-5% per year. On an occasion, if the wages seem way out of line, they will be adjusted to more be in line with that position, responsibilities and comparables.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Lake Champlain Lifelong
EIN
03-0366744
Phone
8028633489
Address
60 MAIN STREET SUITE 100, BURLINGTON, VT 05401

Signing Officer

Name
Tom Torti
Title
Executive Director
Phone
8028633489
Signed
2015-11-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Torti
Formed
1999
Legal Domicile
Vt
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Davis & Hodgdon Associates Cpas Plc
Address
33 BLAIR PARK RD STE 201, WILLISTON, VT 05495
Preparer
Bret Hodgdon
Phone
8028781963
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The purpose of this non-profit organization is to develop and implement workforce development strategies that support business and industry primarily in our region of vermont (chittenden county) and statewide. These strategies include: the launchvt initiative, and the navigator program.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization annually files an irs form 990, return of organization exempt from income tax, tax return in the u.s. Federal jurisdiction. The organization is no longer subject to u.s. Federal income tax examination by tax authorities for the years prior to september 30, 2012. In the normal course of business, the organization is subject to examination by various taxing authorities. Although the outcome of tax audits is always uncertain, the management of the organization believes that there are no significant unrecognized tax liabilties at september 30, 2015 and 2014.

Raw XML Appendix367 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt092672
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt050778
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE PURPOSE OF THIS NON-PROFIT ORGANIZATION IS TO DEVELOP AND IMPLEMENT WORKFORCE DEVELOPMENT STRATEGIES THAT SUPPORT BUSINESS AND INDUSTRY PRIMARILY IN OUR REGION OF VERMONT (CHITTENDEN COUNTY) AND STATEWIDE. THESE STRATEGIES INCLUDE: THE LAUNCHVT INITIATIVE, AND THE NAVIGATOR PROGRAM.
IRS990/AdvertisingGrp/ProgramServicesAmt03765
IRS990/AdvertisingGrp/TotalAmt03765
IRS990/AllOtherContributionsAmt062499
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0PATRICK O'NEIL
IRS990/BooksInCareOfDetail/PhoneNum08776865253
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt060 MAIN STREET SUITE 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0BURLINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd005401
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt087811
IRS990/CashNonInterestBearingGrp/EOYAmt085588
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt062499
IRS990/CYGrantsAndSimilarPaidAmt045000
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt016142
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt046142
IRS990/CYRevenuesLessExpensesAmt07989
IRS990/CYSalariesCompEmpBnftPaidAmt039510
IRS990/CYTotalExpensesAmt0100652
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0108641
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt03000
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE NAVIGATOR PROJECT IS A PROGRAM OF THE STATE OF VERMONT'S DEPARTMENT OF HEALTH ACCESS. VERMONT HEALTH CONNECT IS VERMONT'S HEALTH BENEFIT EXCHANGE. FOR THOSE WHO NEED ASSISTANCE SELECTING A VERMONT HEALTH CONNECT HEALTH PLAN OR USING THE WEBSITE, HELP IS AVAILABLE BY PHONE OR IN PERSON WITH ONE OF OUR NAVIGATORS. VERMONT HEALTH CONNECT IS A MARKETPLACE WHERE INDIVIDUALS, FAMILIES AND SMALL BUSINESSES IN VERMONT CAN COMPARE HEALTH PLANS AND SELECT ONE THAT FITS THEIR NEEDS AND BUDGET. THE LAKE CHAMPLAIN LIFELONG LEARNING FUND ASSISTS SMALL BUSINESSES AND INDIVIDUALS MAKING THEIR TRANSITION TO VERMONT HEALTH CONNECT.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt047426
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01875
IRS990/FeesForServicesAccountingGrp/TotalAmt01875
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.25
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt010206
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt13481
IRS990/Form990PartVIISectionAGrp/PersonNm0THOMAS TORTI
IRS990/Form990PartVIISectionAGrp/PersonNm1PATRICK O'NEIL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0191039
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt163308
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt045000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt045000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0108641
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VT
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE PURPOSE OF THIS NON-PROFIT ORGANIZATION IS TO DEVELOP AND IMPLEMENT WORKFORCE DEVELOPMENT STRATEGIES THAT SUPPORT BUSINESS AND INDUSTRY PRIMARILY IN OUR REGION OF VERMONT (CHITTENDEN COUNTY) AND STATEWIDE. THESE STRATEGIES INCLUDE: THE LAUNCHVT INITIATIVE, AND THE NAVIGATOR PROGRAM.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt025821
IRS990/NetAssetsOrFundBalancesEOYAmt033810
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt07246
IRS990/OccupancyGrp/TotalAmt07246
IRS990/OfficeExpensesGrp/ProgramServicesAmt03216
IRS990/OfficeExpensesGrp/TotalAmt03216
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03060
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03060
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt033750
IRS990/OtherSalariesAndWagesGrp/TotalAmt033750
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt02700
IRS990/PayrollTaxesGrp/TotalAmt02700
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt030682
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0TOM TORTI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0621400
IRS990/ProgramServiceRevenueGrp/Desc0NAVIGATOR
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt046142
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt046142
IRS990/ProgSrvcAccomActy2Grp/Desc0LAUNCHVT IS A BUSINESS PITCH COMPETITION AWARDING CASH AND IN-KIND RESOURCES TO ENTREPRENEURS WHO DELIVER PLANS FOR A NEW BUSINESS ENTERPRISE THAT DEMONSTRATES EXCEPTIONAL POTENTIAL IN TODAY'S MARKET.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt053226
IRS990/ProgSrvcAccomActy2Grp/GrantAmt045000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0101681
IRS990/PYProgramServiceRevenueAmt0183882
IRS990/PYRevenuesLessExpensesAmt013111
IRS990/PYSalariesCompEmpBnftPaidAmt069090
IRS990/PYTotalExpensesAmt0170771
IRS990/PYTotalRevenueAmt0183882
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt07989
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt046142
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt062499
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt032710
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt095209
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt046142
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt095209
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt062499
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt032710
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt095209
IRS990ScheduleA/TotalSupportAmt095209
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
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ANNUALLY FILES AN IRS FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, TAX RETURN IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATION BY TAX AUTHORITIES FOR THE YEARS PRIOR TO SEPTEMBER 30, 2012. IN THE NORMAL COURSE OF BUSINESS, THE ORGANIZATION IS SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES. ALTHOUGH THE OUTCOME OF TAX AUDITS IS ALWAYS UNCERTAIN, THE MANAGEMENT OF THE ORGANIZATION BELIEVES THAT THERE ARE NO SIGNIFICANT UNRECOGNIZED TAX LIABILTIES AT SEPTEMBER 30, 2015 AND 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt030000
IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0LAUNCHVT WINNER
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1LAUNCHVT WINNER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RENOUN LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1TRILLO LLC
IRS990ScheduleI/RecipientTable/RecipientEIN0473714840
IRS990ScheduleI/RecipientTable/RecipientEIN1371707132
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt07496 SPEAR ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1400 PALMER LN
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SHELBURNE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CHARLOTTE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VT
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd005482
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd105445
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0191039
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt03407
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt06799
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0THOMAS TORTI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0201245
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THIS NON-PROFIT ORGANIZATION IS TO DEVELOP AND IMPLEMENT WORKFORCE DEVELOPMENT STRATEGIES THAT SUPPORT BUSINESS AND INDUSTRY PRIMARILY IN OUR REGION OF VERMONT (CHITTENDEN COUNTY) AND STATEWIDE. THESE STRATEGIES INCLUDE: THE LAUNCHVT INITIATIVE, AND THE NAVIGATOR PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO THE 990 BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WE HAVE A CONFLICT OF INTEREST POLICY IN OUR EMPLOYEE MANUAL - THE ENTIRE MANUAL IS REVIEWED, ACKNOWLEDGED AND SIGNED OFF ON BY THE EMPLOYEE UPON HIRING. THE EMPLOYEE MANUAL IS UPDATED BY OUTSIDE COUNCIL AND REVIEWED BY STAFF - LAST TIME FORMALLY - 2007 AND IS AVAILABLE IN OUR DATABASE FOR EMPLOYEES TO REVIEW/PRINT/ETC., AT ANY TIME. WE ENCOURAGE AND FOSTER OPEN COMMUNICATIONS BETWEEN STAFF & MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHAIR OF THE BOARD SOLICITS FEEDBACK ON THE PRESIDENT'S PERFORMANCE FROM BOARD MEMBERS AND OTHERS THAT ARE DEEMED APPROPRIATE. THE CHAIR ALSO CONFERS WITH MEMBERS OF THE EXECUTIVE COMMITTEE IN MAKING SALARY ADJUSTMENTS. THE CHAIR REVIEWS SALARY AND BENEFIT COMPARABLES FOR BOTH IN-STATE AND OUT OF STATE NON-PROFIT BUSINESSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH YEAR EVERY EMPLOYEE COMPILES A LIST OF THEIR ACCOMPLISHMENTS COMPARED TO THE GOALS SET BY THEIR SUPERVISOR. THE SUPERVISOR THEN REVIEWS THIS LIST WITH THE EMPLOYEE. COMPENSATION USUALLY INCREASES ACROSS THE BOARD ANYWHERE BETWEEN 3-5% PER YEAR. ON AN OCCASION, IF THE WAGES SEEM WAY OUT OF LINE, THEY WILL BE ADJUSTED TO MORE BE IN LINE WITH THAT POSITION, RESPONSIBILITIES AND COMPARABLES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LAKE CHAMPLAIN CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0030108780
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MEMBERSHIP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt060 MAIN STREET SUITE 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BULINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd005401
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt039510
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1100652
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt261142
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0WAGES
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1EXPENSES REIMBURSED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2USE OF ASSETS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LAKE CHAMPLAIN REGIONAL CHAMBER OF
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1LAKE CHAMPLAIN REGIONAL CHAMBER OF
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2LAKE CHAMPLAIN REGIONAL CHAMBER OF
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2N
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0118493
IRS990/TotalAssetsEOYAmt087588
IRS990/TotalAssetsGrp/BOYAmt0118493
IRS990/TotalAssetsGrp/EOYAmt087588
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt062499
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0100652
IRS990/TotalFunctionalExpensesGrp/TotalAmt0100652
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt092672
IRS990/TotalLiabilitiesEOYAmt053778
IRS990/TotalLiabilitiesGrp/BOYAmt092672
IRS990/TotalLiabilitiesGrp/EOYAmt053778
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt025821
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt033810
IRS990/TotalOtherCompensationAmt013687
IRS990/TotalProgramServiceExpensesAmt0100652
IRS990/TotalProgramServiceRevenueAmt046142
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt046142
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0108641
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0118493
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt087588
IRS990/TotReportableCompRltdOrgAmt0254347
IRS990/TravelGrp/ProgramServicesAmt040
IRS990/TravelGrp/TotalAmt040
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt025821
IRS990/UnrestrictedNetAssetsGrp/EOYAmt033810
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt060 MAIN ST
IRS990/USAddress/CityNm0BURLINGTON
IRS990/USAddress/StateAbbreviationCd0VT
IRS990/USAddress/ZIPCd005401
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.VERMONT.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM TORTI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08028633489
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE CHAMPLAIN LIFELONG
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0LEARNING FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0030366744
ReturnHeader/Filer/PhoneNum08028633489
ReturnHeader/Filer/USAddress/AddressLine1Txt060 MAIN STREET SUITE 100
ReturnHeader/Filer/USAddress/CityNm0BURLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005401
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030325875
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVIS & HODGDON ASSOCIATES CPAS PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt033 BLAIR PARK RD STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLISTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005495
ReturnHeader/PreparerPersonGrp/PhoneNum08028781963
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRET HODGDON
ReturnHeader/ReturnTs02016-02-03T14:53:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings