Civic Intelligence

Lake Champlain Lifelong Learning Fund Inc

990 • Fiscal year 2019 • EIN 03-0366744

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 11, 2020

Organization ProfileWWW.VERMONT.ORG
60 Main Street No 100Burlington, VT 05401

(802) 863-3489

Siviq Scores

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

Liabilities / Assets

84th percentile

0.20x

Higher debt load relative to assets than 84% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

80th percentile

0.07x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

79th percentile

24%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

99th percentile

$192,621

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 67.4% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

98th percentile

768%

Faster asset growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

92nd percentile

93%

Faster revenue growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$97,725

Up $86,464 (+768%) from 2018

Net Assets

Up

$77,806

Up $68,545 (+740%) from 2018

Liabilities

Up

$19,919

Up $17,919 (+896%) from 2018

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin79th percentile

Revenue

Up

$285,846

Up $138,118 (+93%) from 2018

Expenses

Down

$217,301

Down $1,950 (-0.9%) from 2018

Net Income

Up

$68,545

Up $140,068 (+196%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

2019

Assets$97,725
Liabilities$19,919
Net Assets$77,806
Open 2019 Filing

Operations Trend

Revenue Growth92nd percentile

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

2019

Revenue$285,846
Expenses$217,301
Net Income$68,545
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 11, 2020
Return Version
2018v3.2
Gross Receipts
$285,846
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$80,000-
Cash and Non-Interest-Bearing Accounts$8,585$12,574▲ $3,989
Accounts Receivable-$5,151-
Total Assets$11,261$97,725▲ $86,464
Other Assets Total$2,676$0▼ $2,676
Liabilities
Other Liabilities$0$19,919▲ $19,919
Deferred Revenue$2,000--
Total Liabilities$2,000$19,919▲ $17,919
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$80,000-
Unrestricted Net Assets$9,261$-2,194▼ $11,455
Total Net Assets Fund Balance$9,261$77,806▲ $68,545
Total Liabilities and Net Assets / Fund Balance$11,261$97,725▲ $86,464
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
PATRICK O'NEILSecretary$83,319$83,319

Board Members and Trustees

NameTitle
Thomas TortiExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$130,160
Program Service Revenue
$155,686
Investment Income
$0
Other Revenue
$0
All Other Contributions
$130,160
Change in Net Assets
$68,545
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$122,350
Other Expenses$55,951
Grants and Similar Amounts Paid$39,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$122,350--$122,350
Grants to Domestic Orgs$20,000--$20,000
Grants to Domestic Individuals$19,000--$19,000
Office Expenses$6,568--$6,568
Occupancy$5,523--$5,523
Travel$5,344--$5,344
Advertising$4,585--$4,585
Other Expenses$753--$753
Total Functional Expenses$217,301$0$0$217,301
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Atmosphoria LLCBurlington, VT-Launchvt Winner$15,000
Pictal Health LLCBurlington, VT-Launchvt Winner$5,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$19,919
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, Part VI, Section B, 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, Part VI, Section B, Line 12C

“We have a conflict of interest policy in our employee manual - the entire manual is reviewed, acknowledged and signed off 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, Part VI, Section B, Line 15

“The chair of the board solicits feedback on the president's performance from the 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 beneift comparables for both in-state and out of state non-profit businesses. 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, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Lake Champlain Lifelong
EIN
03-0366744
Phone
8028633489
Address
60 MAIN STREET NO 100, BURLINGTON, VT 05401

Signing Officer

Name
Tom Torti
Title
Executive Director
Phone
8028633489
Signed
2020-08-11
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
8
Volunteers
0

Preparer

Firm
Mcsoley Mccoy & Co
Address
118 TILLEY DRIVE STE 202, SOUTH BURLINGTON, VT 05403
Preparer
Connie Fellion
Phone
8026581808
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“OTHER”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“OTHER”

Part X - Fin 48 Footnote

“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, 2016. 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 liabilities at september 30, 2019.”

Raw XML AppendixShowing 400 of 414 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/AccountantCompileOrReviewInd00
IRS990/AccountsReceivableGrp/EOYAmt05151
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE PURPOSE OF THIS NON-PROFIT ORGANIZATION IS TO DEVELOP AND IMPLEMENT WORFFORCE DEVELOPMENT STRATEGIES THAT SUPPORT BUSINESS AND INDUSTRY PRIMARILY IN OUR REGION OF VERMONT (CHITTENDEN COUNTY) AND STATEWIDE. THESE STRATEGIES INCLUDE: THE LAUNCHVT AND HACKVT INTIATIVES.
IRS990/AdvertisingGrp/ProgramServicesAmt04585
IRS990/AdvertisingGrp/TotalAmt04585
IRS990/AllOtherContributionsAmt0130160
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PATRICK O'NEIL
IRS990/BooksInCareOfDetail/PhoneNum08028633489
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt060 MAIN STREET NO 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0BURLINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd005401
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt08585
IRS990/CashNonInterestBearingGrp/EOYAmt012574
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0130160
IRS990/CYGrantsAndSimilarPaidAmt039000
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt055951
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0155686
IRS990/CYRevenuesLessExpensesAmt068545
IRS990/CYSalariesCompEmpBnftPaidAmt0122350
IRS990/CYTotalExpensesAmt0217301
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0285846
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt02000
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0LAUNCH 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.HACK IS A SPONSORED COMPETITION IN WHICH TEAMS COME TOGETHER AND BETTER EDUCATION THROUGH DEVELOPING APPS.TIPS IS A PROGRAM TO TRAIN HIGH SCHOOL STUDENTS FOR INTERVIEWS AND TEACH THEM OTHER LIFE SKILLS AS WELL AS ORGANIZING INTERNSHIPS FOR STUDENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0217301
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.30
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0THOMAS TORTI
IRS990/Form990PartVIISectionAGrp/PersonNm1PATRICK O'NEIL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0192621
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt183319
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantAmt039000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt019000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt019000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt020000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt020000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0285846
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VT
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE O
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09261
IRS990/NetAssetsOrFundBalancesEOYAmt077806
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt05523
IRS990/OccupancyGrp/TotalAmt05523
IRS990/OfficeExpensesGrp/ProgramServicesAmt06568
IRS990/OfficeExpensesGrp/TotalAmt06568
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02676
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TIPS EXPENSE
IRS990/OtherExpensesGrp/Desc1LAUNCHVT
IRS990/OtherExpensesGrp/Desc2COLLEGIATE EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt029978
IRS990/OtherExpensesGrp/ProgramServicesAmt13200
IRS990/OtherExpensesGrp/ProgramServicesAmt2753
IRS990/OtherExpensesGrp/TotalAmt029978
IRS990/OtherExpensesGrp/TotalAmt13200
IRS990/OtherExpensesGrp/TotalAmt2753
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt019919
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0122350
IRS990/OtherSalariesAndWagesGrp/TotalAmt0122350
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt080000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0TOM TORTI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0LAUNCHVT
IRS990/ProgramServiceRevenueGrp/Desc1TIPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0125686
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt130000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0125686
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt130000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0113478
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt061500
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt067282
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt034250
IRS990/PYRevenuesLessExpensesAmt0-71523
IRS990/PYSalariesCompEmpBnftPaidAmt090469
IRS990/PYTotalExpensesAmt0219251
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0147728
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt068545
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0155686
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0155686
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0113478
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0235318
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt093390
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt062499
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0660371
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67990
IRS990ScheduleA/PublicSupportPY170Pct00.48460
IRS990ScheduleA/PublicSupportTotal170Amt0449016
IRS990ScheduleA/SubstantialContributorsTotAmt0211355
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0155686
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0113478
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0235318
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt093390
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt062499
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0660371
IRS990ScheduleA/TotalSupportAmt0660371
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/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019919
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OTHER
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1OTHER
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE 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, 2016. 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 LIABILITIES AT SEPTEMBER 30, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART X - FIN 48 FOOTNOTE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt019919
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt019000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0LAUNCHVT WINNERS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt05
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/CashGrantAmt15000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0LAUNCHVT WINNER
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1LAUNCHVT WINNER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ATMOSPHORIA LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1PICTAL HEALTH LLC
IRS990ScheduleI/RecipientTable/RecipientEIN0820687538
IRS990ScheduleI/RecipientTable/RecipientEIN1830602927
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0688 PINE STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1442 NORTH STREET APT 2
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BURLINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1BURLINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VT
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd005401
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd105401
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt015649
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0168500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt08472
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0THOMAS TORTI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0192621
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO THE 990 BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE HAVE A CONFLICT OF INTEREST POLICY IN OUR EMPLOYEE MANUAL - THE ENTIRE MANUAL IS REVIEWED, ACKNOWLEDGED AND SIGNED OFF 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/ExplanationTxt2THE CHAIR OF THE BOARD SOLICITS FEEDBACK ON THE PRESIDENT'S PERFORMANCE FROM THE 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 BENEIFT COMPARABLES FOR BOTH IN-STATE AND OUT OF STATE NON-PROFIT BUSINESSES. 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LAKE CHAMPLAIN CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0030108780
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MEMBERSHIP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt060 MAIN STREET SUITE 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BURLINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd005401
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0122350
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1321901
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2199551
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0WAGES
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1EXPENSES REIMBURSED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2USE OF ASSETS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2N
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt080000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt011261
IRS990/TotalAssetsEOYAmt097725
IRS990/TotalAssetsGrp/BOYAmt011261
IRS990/TotalAssetsGrp/EOYAmt097725
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0130160
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0217301
IRS990/TotalFunctionalExpensesGrp/TotalAmt0217301
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02000
IRS990/TotalLiabilitiesEOYAmt019919
IRS990/TotalLiabilitiesGrp/BOYAmt02000
IRS990/TotalLiabilitiesGrp/EOYAmt019919
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09261
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt077806
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0217301
IRS990/TotalProgramServiceRevenueAmt0155686
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0155686
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0285846
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011261
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt097725
IRS990/TotReportableCompRltdOrgAmt0275940
IRS990/TravelGrp/ProgramServicesAmt05344
IRS990/TravelGrp/TotalAmt05344
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt09261
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2194
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt060 MAIN STREET NO 100
IRS990/USAddress/CityNm0BURLINGTON
IRS990/USAddress/StateAbbreviationCd0VT
IRS990/USAddress/ZIPCd005401
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.VERMONT.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM TORTI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08028633489
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-11
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 NO 100
ReturnHeader/Filer/USAddress/CityNm0BURLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005401
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId058C9957F7056E8744B6C6962407EF2BC24F421FA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId058C9957F7056E8744B6C6962407EF2BC24F421FA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02020-08-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$97,725
Liabilities
$19,919
Net assets
$77,806
Revenue
$285,846
Expenses
$217,301
Net income
$68,545
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.00$1.40$0.42$0.17$0.25
2023Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.29$0.13$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.00$1.03$0.25$0.06$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.22$0.88$0.99$0.27$0.72
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.02$0.16$0.23$0.14$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.02$0.08$0.29$0.22$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.15$0.22$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.12$0.04$0.08$0.27$0.23$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.07$0.02$0.04$0.10$0.09$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.09$0.05$0.03$0.11$0.10$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.09$0.03$0.18$0.17$0.01