Civic Intelligence

Vermont Commons School

EIN 04-3371660 • 501(c)3 • South Burlington, VT

Profile

Scholarship. Community. Global responsibility.

75 Green Mountain DriveSouth Burlington, VT 05403-7824

www.vermontcommons.org

Siviq Scores

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

Liabilities / Assets

77th percentile

0.44x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.83x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

71st percentile

18%

Higher net margin than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

73rd percentile

15%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

77th percentile

29%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$8,033,894

Up $1,034,445 (+15%) from 2023

Liabilities

Up

$3,540,229

Up $261,584 (+8.0%) from 2023

Net Assets

Up

$4,493,665

Up $772,861 (+21%) from 2023

Revenue

Up

$4,276,437

Up $958,007 (+29%) from 2023

Expenses

Up

$3,503,576

Up $427,617 (+14%) from 2023

Net Income

Up

$772,861

Up $530,390 (+219%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2010: $762,403Liabilities 2010: $1,307,731Net Assets 2010: -$545,3282010Assets 2011: $2,436,197Liabilities 2011: $2,586,009Net Assets 2011: -$149,8122011Assets 2012: $2,392,525Liabilities 2012: $2,129,667Net Assets 2012: $262,8582012Assets 2013: $2,415,085Liabilities 2013: $2,080,757Net Assets 2013: $334,3282013Assets 2014: $2,483,596Liabilities 2014: $2,135,851Net Assets 2014: $347,7452014Assets 2015: $3,409,181Liabilities 2015: $2,450,840Net Assets 2015: $958,3412015Assets 2016: $3,810,700Liabilities 2016: $2,606,990Net Assets 2016: $1,203,7102016Assets 2017: $3,790,266Liabilities 2017: $2,275,301Net Assets 2017: $1,514,9652017Assets 2018: $4,214,942Liabilities 2018: $2,445,405Net Assets 2018: $1,769,5372018Assets 2019: $3,947,258Liabilities 2019: $1,852,026Net Assets 2019: $2,095,2322019Assets 2020: $4,510,094Liabilities 2020: $2,216,526Net Assets 2020: $2,293,5682020Assets 2021: $4,850,301Liabilities 2021: $1,902,861Net Assets 2021: $2,947,4402021Assets 2022: $6,904,288Liabilities 2022: $3,423,137Net Assets 2022: $3,481,1512022Assets 2023: $6,999,449Liabilities 2023: $3,278,645Net Assets 2023: $3,720,8042023Assets 2024: $8,033,894Liabilities 2024: $3,540,229Net Assets 2024: $4,493,6652024

Highlighted filing

2024

Assets$8,033,894
Liabilities$3,540,229
Net Assets$4,493,665

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $1,693,6712010Revenue 2011: $2,112,801Expenses 2011: $1,659,877Net Income 2011: $452,9242011Expenses 2012: $2,056,3442012Revenue 2013: $1,886,835Expenses 2013: $1,816,856Net Income 2013: $69,9792013Revenue 2014: $2,064,375Expenses 2014: $2,052,064Net Income 2014: $12,3112014Revenue 2015: $2,773,753Expenses 2015: $2,162,253Net Income 2015: $611,5002015Revenue 2016: $2,331,823Expenses 2016: $2,085,787Net Income 2016: $246,0362016Revenue 2017: $2,493,914Expenses 2017: $2,186,514Net Income 2017: $307,4002017Revenue 2018: $2,622,315Expenses 2018: $2,369,712Net Income 2018: $252,6032018Revenue 2019: $2,673,926Expenses 2019: $2,349,083Net Income 2019: $324,8432019Revenue 2020: $2,905,472Expenses 2020: $2,706,326Net Income 2020: $199,1462020Revenue 2021: $3,458,588Expenses 2021: $2,804,716Net Income 2021: $653,8722021Revenue 2022: $3,761,194Expenses 2022: $3,227,483Net Income 2022: $533,7112022Revenue 2023: $3,318,430Expenses 2023: $3,075,959Net Income 2023: $242,4712023Revenue 2024: $4,276,437Expenses 2024: $3,503,576Net Income 2024: $772,8612024

Highlighted filing

2024

Revenue$4,276,437
Expenses$3,503,576
Net Income$772,861

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.03$3.54$4.49$4.28$3.50$0.77
2023Detailed filing. Detailed filing data is available for this year.$7.00$3.28$3.72$3.32$3.08$0.24
2022Detailed filing. Detailed filing data is available for this year.$6.90$3.42$3.48$3.76$3.23$0.53
2021Detailed filing. Detailed filing data is available for this year.$4.85$1.90$2.95$3.46$2.80$0.65
2020Detailed filing. Detailed filing data is available for this year.$4.51$2.22$2.29$2.91$2.71$0.20
2019Detailed filing. Detailed filing data is available for this year.$3.95$1.85$2.10$2.67$2.35$0.32
2018Detailed filing. Detailed filing data is available for this year.$4.21$2.45$1.77$2.62$2.37$0.25
2017Detailed filing. Detailed filing data is available for this year.$3.79$2.28$1.51$2.49$2.19$0.31
2016Detailed filing. Detailed filing data is available for this year.$3.81$2.61$1.20$2.33$2.09$0.25
2015Detailed filing. Detailed filing data is available for this year.$3.41$2.45$0.96$2.77$2.16$0.61
2014Detailed filing. Detailed filing data is available for this year.$2.48$2.14$0.35$2.06$2.05$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$2.08$0.33$1.89$1.82$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$2.13$0.26$2.06
2011Summary only. Only limited summary data is available for this year.$2.44$2.59$0.15$2.11$1.66$0.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$1.31$0.55$1.69
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 29, 2025
Return Version
2023v6.0
Gross Receipts
$4,298,231
Mission and Program Overview

Mission

Vermont commons school students experience a unique blend of academics and global immersion, master fundamental academic disciplines, grasp the profound interdependence of the natural and human systems they inhabit, and graduate with the values, knowledge, skills and commitment necessary to become ethical and engaged ecological citizens.

Scholarship. Community. Global responsibility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,248,197$5,183,399▼ $64,798
Savings and Temporary Cash Investments$1,277,881$2,330,607▲ $1,052,726
Pledges and Grants Receivable$306,154$405,086▲ $98,932
Cash and Non-Interest-Bearing Accounts$55,640$42,798▼ $12,842
Inventories for Sale or Use$33,816--
Prepaid Expenses and Deferred Charges$26,087$25,776▼ $311
Accounts Receivable$15,577$8,061▼ $7,516
Total Assets$6,999,449$8,033,894▲ $1,034,445
Other Assets Total$36,097$38,167▲ $2,070
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,241,456$2,183,523▼ $57,933
Deferred Revenue$964,781$1,274,680▲ $309,899
Accounts Payable and Accrued Expenses$72,408$82,026▲ $9,618
Total Liabilities$3,278,645$3,540,229▲ $261,584
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,216,143$4,052,710▲ $836,567
Net Assets With Donor Restrictions$504,661$440,955▼ $63,706
Total Net Assets Fund Balance$3,720,804$4,493,665▲ $772,861
Total Liabilities and Net Assets / Fund Balance$6,999,449$8,033,894▲ $1,034,445

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,122,900$1,202,554$5,325,454
Land$791,419-$791,419
Equipment$79,506$324,281$403,787
Other Land Buildings$189,574$6,913$196,487

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$36,097-▲ $2,070-$38,167
2022$33,152-▲ $2,945-$36,097
2021$38,332-▼ $5,180-$33,152
2020$29,744-▲ $8,588-$38,332
2019$30,554-▼ $810-$29,744
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dexter MahaffeyHead of SchoFT$152,910$24,815$177,725
Dexter MahaffeyHead of School-$152,910$24,815$177,725
Kathryn McdermottFaculty TrusFT$57,051$14,581$71,632

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$917,922
Program Service Revenue
$3,260,662
Investment Income
$58,153
Other Revenue
$39,700
All Other Contributions
$917,922
Change in Net Assets
$772,861

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$52,876Fair Market Value
Total Noncash Contributions1$52,876-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,542,701
Revenue Not Reported on Financial Statements
$733,736
Other Revenue Adjustments
$733,736
Total Revenue per Audited Statements
$3,542,701
Total Revenue per Form 990
$4,276,437
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,830,945
Other Expenses$938,895
Grants and Similar Amounts Paid$733,736
Total Fundraising Expense$168,085
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,031,023$87,019$55,392$1,173,434
Grants to Domestic Individuals$733,736--$733,736
Current Officers, Directors, Trustees, and Key Employees$130,337$73,010$54,758$258,105
Other Employee Benefits$210,378$22,287$14,718$247,383
Occupancy$214,655$4,436$2,218$221,309
Depreciation Depletion$204,627$4,094$2,047$210,768
Payroll Taxes$83,626$10,959$7,493$102,078
Interest$95,042$1,960$980$97,982
Fees for Services Accounting-$71,016-$71,016
Insurance$48,521$6,359$4,348$59,228
Information Technology$47,760$1,827$1,249$50,836
Pension Plan Contributions$44,602$3,295$2,048$49,945
Office Expenses$22,926$3,270$20,418$46,614
Advertising-$41,174-$41,174
Travel$18,264--$18,264
Conferences and Meetings$4,260$2,367$1,418$8,045
Fees for Services Other$3,964$519$355$4,838
Fees for Services Legal-$3,919-$3,919
Other Expenses$868$212$145$1,225
Total Functional Expenses$2,997,390$338,101$168,085$3,503,576

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,503,576
Expenses per Audited Statements$2,769,840
Total Expenses per Audited Statements$2,769,840
Expenses Not Reported on Financial Statements$733,736
Other Expense Adjustments$733,736
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberLoanNo$300,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Craig heindel naomi heindel secretary trustee father

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

The executive committee reviews and approves the 990 and makes a recommendation to the board to submit.

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

The conflicts of interest policy requires annual disclosure of any potential conflicts by trustees and is monitored by the officers of the organization and by the head of school.

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

This is determined by the executive committee. Comparisons are made to similar positions at similar schools.

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

The school has no other paid officers or key employees but if it did it would set their compensation using the procedures discussed immediately above.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statments available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Vermont Commons School
EIN
04-3371660
Phone
8028658084
Address
75 GREEN MOUNTAIN DRIVE, SOUTH BURLINGTON, VT 05403-7824

Signing Officer

Name
Dexter Mahaffey
Title
Head of School
Phone
8028658084
Signed
2025-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dexter Mahaffey
Formed
1996
Legal Domicile
Vt
Voting Board Members
15
Independent Board Members
13
Employees
35
Volunteers
50

Preparer

Firm
Jmm & Associates Pc
Address
463 MOUNTAIN VIEW DR STE 403, COLCHESTER, VT 05446
Preparer
Randall L Sargent CPA
Phone
8026555665
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Financial aid -733,736 financial aid 733,736

Financial Statement Notes

Schedule D, Page 3, Part X

Vermont commons school believes there are no uncertain tax positions that are material to the financial statements. As a result, the school has not recorded any liability for uncertain tax positions.

Schedule D, Page 4, Part XI, Line 4B

FINANCIAL AID 733,736

Schedule D, Page 4, Part XII, Line 4B

FINANCIAL AID 733,736

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