Civic Intelligence

High Meadows Fund Inc

990 • Fiscal year 2020 • EIN 20-0288123

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 14, 2021

CO Vcf 3 Court StreetMiddlebury, VT 05753

(802) 388-3355

Siviq Scores

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

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

35th percentile

0.17x

Higher debt load relative to revenue than 35% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

5th percentile

-66%

Higher net margin than 5% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

41st percentile

$149,940

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

48th percentile

6.1%

Faster asset growth than 48% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

20th percentile

-19%

Faster revenue growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$22,370,787

Up $1,288,479 (+6.1%) from 2019

Net Assets

Up

$22,185,463

Up $1,584,769 (+7.7%) from 2019

Liabilities

Down

$185,324

Down $296,290 (-62%) from 2019

Revenue

Down

$1,093,740

Down $260,071 (-19%) from 2019

Expenses

Down

$1,810,416

Down $299,743 (-14%) from 2019

Net Income

Up

-$716,676

Up $39,672 (+5.2%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $16,921,452Liabilities 2010: $162,446Net Assets 2010: $16,759,0062010Assets 2011: $16,319,625Liabilities 2011: $186,759Net Assets 2011: $16,132,8662011Assets 2012: $17,399,148Liabilities 2012: $270,077Net Assets 2012: $17,129,0712012Assets 2013: $18,945,705Liabilities 2013: $445,229Net Assets 2013: $18,500,4762013Assets 2014: $19,045,897Liabilities 2014: $534,082Net Assets 2014: $18,511,8152014Assets 2015: $17,587,904Liabilities 2015: $750,645Net Assets 2015: $16,837,2592015Assets 2016: $18,055,975Liabilities 2016: $600,727Net Assets 2016: $17,455,2482016Assets 2017: $20,286,206Liabilities 2017: $328,671Net Assets 2017: $19,957,5352017Assets 2018: $18,325,672Liabilities 2018: $299,611Net Assets 2018: $18,026,0612018Assets 2019: $21,082,308Liabilities 2019: $481,614Net Assets 2019: $20,600,6942019Assets 2020: $22,370,787Liabilities 2020: $185,324Net Assets 2020: $22,185,4632020Assets 2021: $79,370Liabilities 2021: $69,762Net Assets 2021: $9,6082021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2020

Assets$22,370,787
Liabilities$185,324
Net Assets$22,185,463

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2010: $1,060,184Expenses 2010: $737,670Net Income 2010: $322,5142010Revenue 2011: $1,346,722Expenses 2011: $1,059,733Net Income 2011: $286,9892011Revenue 2012: $850,204Expenses 2012: $1,293,841Net Income 2012: -$443,6372012Revenue 2013: $1,069,320Expenses 2013: $1,740,326Net Income 2013: -$671,0062013Revenue 2014: $1,410,910Expenses 2014: $1,411,843Net Income 2014: -$9332014Revenue 2015: $1,323,447Expenses 2015: $1,962,509Net Income 2015: -$639,0622015Revenue 2016: $1,033,209Expenses 2016: $1,212,220Net Income 2016: -$179,0112016Revenue 2017: $1,360,474Expenses 2017: $1,338,298Net Income 2017: $22,1762017Revenue 2018: $1,581,001Expenses 2018: $1,417,003Net Income 2018: $163,9982018Revenue 2019: $1,353,811Expenses 2019: $2,110,159Net Income 2019: -$756,3482019Revenue 2020: $1,093,740Expenses 2020: $1,810,416Net Income 2020: -$716,6762020Revenue 2021: $3,916,817Expenses 2021: $8,115,181Net Income 2021: -$4,198,3642021Revenue 2022: $396Expenses 2022: $357Net Income 2022: $392022

Highlighted filing

2020

Revenue$1,093,740
Expenses$1,810,416
Net Income-$716,676
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 14, 2021
Return Version
2020v4.1
Gross Receipts
$10,873,265
Mission and Program Overview

Mission

The high meadows fund promotes vibrant communities and a healthy, natural environment while encouraging long-term economic vitality in vermont.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,937,703$18,359,091▲ $421,388
Investments Other Securities$2,124,746$2,211,080▲ $86,334
Investments Program Related$939,393$1,703,105▲ $763,712
Cash and Non-Interest-Bearing Accounts$60,450$71,381▲ $10,931
Land, Buildings, and Equipment, Net$14,478$12,223▼ $2,255
Prepaid Expenses and Deferred Charges$4,755$7,147▲ $2,392
Accounts Receivable$83$6,060▲ $5,977
Total Assets$21,082,308$22,370,787▲ $1,288,479
Other Assets Total$700$700→ $0
Liabilities
Grants Payable$463,750$165,125▼ $298,625
Accounts Payable and Accrued Expenses$17,864$20,199▲ $2,335
Total Liabilities$481,614$185,324▼ $296,290
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,574,371$22,185,463▲ $1,611,092
Net Assets With Donor Restrictions$26,323$0▼ $26,323
Total Net Assets Fund Balance$20,600,694$22,185,463▲ $1,584,769
Total Liabilities and Net Assets / Fund Balance$21,082,308$22,370,787▲ $1,288,479

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,075$17,204$27,279
Leasehold Improvements$2,148$10,633$12,781
Investment Program Related Org$545,242--
Other Securities$2,211,080--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$20,600,694$631,391▲ $2,688,843$310,987$22,116,359
2019$18,026,061$707,655▲ $3,977,137$345,860$20,600,694
2018$19,957,535$856,198▼ $1,370,672$319,602$18,026,061
2017$17,455,248$674,373▲ $3,166,210$285,191$19,957,535
2016$16,837,259$500,100▲ $1,330,109$197,383$17,455,248
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gaye SymingtonPresidentFT$125,220$24,720$149,940
Chelsea Bardot LewisSecretarty & Treasurer--$117,424$117,424

Board Members and Trustees

NameTitle
Carl FerenbachChair
Darby Bradley Until 1020Board Vice Chair & Asst Se
Candace PageVice Chair & Asst Secretar
Elizabeth BankowskiDirector
John KasselDirector
Linda MarkinDirector
Tom RobertsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$625,331
Program Service Revenue
$0
Investment Income
$456,502
Other Revenue
$11,907
All Other Contributions
$625,331
Change in Net Assets
$-716,676
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,141,375
Salaries, Compensation, and Employee Benefits$370,842
Other Expenses$298,199
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,141,375--$1,141,375
Other Salaries and Wages$135,393$40,928-$176,321
Current Officers, Directors, Trustees, and Key Employees$74,970$74,970-$149,940
Fees for Services Management-$115,000-$115,000
Fees for Service Investment Mgmnt Fees-$76,269-$76,269
Payroll Taxes$17,336$8,897-$26,233
Office Expenses$2,705$18,807-$21,512
Occupancy$11,385$5,115-$16,500
Other Employee Benefits$8,724$2,257-$10,981
Pension Plan Contributions$5,668$1,699-$7,367
Depreciation Depletion$4,981$2,238-$7,219
Conferences and Meetings$663$4,031-$4,694
Advertising$3,676--$3,676
Insurance-$3,161-$3,161
Other Expenses$2,970$2,000-$2,970
Information Technology$1,165$524-$1,689
Fees for Services Other-$1,608-$1,608
Travel$922$36-$958
All Other Expenses-$266-$266
Total Functional Expenses$1,452,360$358,056$0$1,810,416
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Food ConnectsBrattleboro, VT501(c)(3)General Operating Support$75,000
Audubon VermontHuntington, VT501(c)(3)To Coordinate a Statewide Approach to Forest Health That Promotes Policies and Financial Incentives to Help Landowners Make Responsible Stewardship Decisions for Their Forests.$70,000
Vermont Sustainable Jobs FundMontpelier, VT501(c)(3)TO INCREASE LOCAL FOOD SALES AND ASSIST VERMONT?S INDEPENDENT GROCERIES IN RESPONDING TO THE DISRUPTION OF COVID-19, SPONSORHIP OF 25TH ANNIVERSARY CELEBRATION, GENERAL OPERATING SUPPORT$67,500
Conservation Law FoundationBoston, MA501(c)(3)TO PROVIDE STATE POLICY AND REGULATORY LEADERSHIP TO PROTECT VERMONT?S NATURAL RESOURCES, IMPROVE RESILIENCE IN THE FACE OF CLIMATE CHANGE, AND TO DISRUPT RACISM AND ADVANCE EQUITY AND OPERATING SUPPORT$52,250
Vermont Natural Resources CouncilMontpelier, VT501(c)(3)To Promote Community and Climate Resilience Through State, Local and Regional Public Policy, Community Engagement and Action, Integrating Principles of Equity Into That Work.$52,000
Vermont Land TrustMontpelier, VT501(c)(3)General Operating Support in 2020 for Conserving and Stewarding Working Farms and Forests and to Ensure They Are Affordable and Accessible.$50,250
Northeast Organic Farming Association of Vermont (nofa-vt)Richmond, VT501(c)(3)TO SUPPORT A SERIES OF INTERVIEWS OF FARMERS TO EXPLORE DEVELOPING A SHARED AGENDA AND STRONGER VOICE FOR FARMERS TO MORE EFFECTIVELY INFLUENCE POLICIES THAT IMPACT WATER QUALITY AND FARM VIABILITY, SUPPORT FOR STATEWIDE FARMER'S MARKET CAMPAIGN, AND GENERAL OPERATING SUPPORT.$44,400
Cold Hollow to CanadaMontgomery, VT501(c)(3)To Expand and Manage the Woodlots Program and Develop an Online Woodlots Toolkit.$40,000
Merck Forest & Farmland Center IncRupert, VT501(c)(3)To Support Mffc in Its Effort to Ensure the Ecological Integrity of 38,000 Additional Acres in the Northern Taconic Mountain Forest Block.$38,222
Friends of the Winooski RiverMontpelier, VT501(c)(3)To Encourage and Engage Wood Lot Owners and Conservation Commissions to Incorporate Watershed Resilience in Forest Management Plans and to Reforest Vulnerable Areas.$36,500
Connecticut River ConservancyGreenfield, MA501(c)(3)TO SUPPORT CRC?S LEADERSHIP IN PROMOTING WATERSHED RESILIENCE AND CLIMATE ADAPTATION IMPLEMENTATION IN THE CONNECTICUT RIVER WATERSHED$36,000
Fairbanks Museum & PlanetariumSt Johnsbury, VT501(c)(3)TO SUPPORT FAIRBANKS MUSEUM?S PROJECT MANAGEMENT AND WORKFORCE TRAINING THAT INTRODUCES MASS TIMBER IN A PUBLICLY ACCESSIBLE BUILDING.$35,000
Northwoods Stewardship CenterEast Charleston, VT501(c)(3)To Empower Forest Landowners and Recreational Land Access Managers in the Nek to Protect Region-wide Forest Health & Integrity Through Educational Materials, Events, and Outreach.$32,250
Missisquoi River Basin AssociationEast Berkshire, VT501(c)(3)To Build Resilience Within the Watershed in Headwaters Towns by Making Connections, Facilitating Flow of Information and Resources, Ensuring Upstream/downstream Conversations, and Working With Municipal Planners.$31,550
Intervale Center IncBurlington, VT501(c)(3)SPONSORSHIP OF A SIX-PART WEBINAR SERIES SPONSORED BY SHIFT MEALS CALLED "A FORCE TO BE RECKONED WITH: WOMXN IN VERMONT'S FOOD SYSTEM", GENERAL OPERATING SUPPORT, AND IN SUPPORT OF A COLLABORATION BETWEEN THE VERMONT FOOD HUB COLLABORATIVE, THE CHARITABLE FOOD SYSTEM AND AN ASSOCIATION OF RESTAURANTS IN RESPONSE TO THE IMPACT OF COVID-19.$27,500
Champlain Valley Office of Economic Opportunity (cvoeo)Burlington, VT501(c)(3)ONE YEAR OF SUPPORT TO CHAMPLAIN VALLEY OFFICE OF ECONOMIC OPPORTUNITY?S MOBILE HOME PILOT PROJECT WITH 5 MHPS IN HINESBURG.$26,400
Health Care Without HarmReston, VA501(c)(3)To Develop a Sales Brokering & Marketing Service for the New England Food Processors Collective$26,000
Milk With Dignity Standards CouncilBurlington, VT501(c)(3)To Support Net-zero Migrant Farm Worker Housing on Farms Participating in the Milk With Dignity Program.$25,000
Capstone Community ActionBarre, VT501(c)(3)TO ENABLE CAPSTONE TO MEANINGFULLY PARTICIPATE IN THE GLOBAL WARMING SOLUTIONS ACT?S CLIMATE COUNCIL AND AMPLIFY LOW-INCOME VOICES IN THE WORK OF THE COUNCIL & THEIR NEXT GENERATION MOBILITY FOR ALL PILOT PROGRAM$23,028
Memphremagog Watershed AssociationNewport, VT501(c)(3)To Build Resilience Within the Lake Memphremagog Watershed , Support Project Implementation and Basin-wide Partnership Through Organizational Administration.$20,500
Center for Whole CommunitiesBurlington, VT501(c)(3)TO SUPPORT CWC'S REJOICE PROJECT TO DESIGN AND FACILITATE A PROCESS THAT WILL CRAFT A MEANINGFUL, COMMUNITY-INFORMED, STATEWIDE CROSS-AGENCY ENVIRONMENTAL JUSTICE POLICY FRAMEWORK AND GENERAL OPERATING SUPPORT$20,250
Farm to Institution in New England (fine)Hartland, VT501(c)(3)General Operating Support for Farm to Institution New England$20,000
New England Grassroots Environment FundNewmarket, NH501(c)(3)SUPPORTING NEGEF?S SEED GRANT PROGRAM FOR LOCAL NEEDS AND BUILDING RESILIENCE IN COMMUNITIES IN RESPONSE TO THE COVID-19 PANDEMIC AND ASSOCIATED EVENTS.$20,000
Resource a Nonprofit Community EnterpriseWilliston, VT501(c)(3)To Pilot a Waste Reduction Expansion Program, Aimed at Rural Areas and Targeting the Private Sector to Take a More Active Role in Reducing Their Waste.$20,000
Norwich UniversityNorthfield, VT501(c)(3)To Plan and Facilitate Activities of the Vermont Resilience Network$17,000
Green Mountain Farm-to-school IncNewport, VT501(c)(3)General Operating Support in Support of Green Mountain Farm to School and Its Food Hub, Green Mountain Farm Direct$15,000
Northeastern Vermont Development AssociationSt Johnsbury, VT501(c)(3)To Support Design Work and Cost Estimates for the Yellow Barn Renovation.$15,000
Antioch University New EnglandKeene, NH501(c)(3)To Support the Aune Regional Climate Resilience Conference on May 11-12, 2020, in Embedding Equity and Inclusion Throughout Its Programming in Order to Help Attendees Incorporate Equity Considerations Into All Aspects of Improving Climate Preparation.$10,000
Rich Earth InstituteBrattleboro, VT501(c)(3)To Support Planning and Outreach for New Rockingham/bellows Falls Depot and Evaluation of Previously Installed Equipment.$10,000
The Carrot ProjectBoston, MA501(c)(3)TO SUPPORT THE CARROT PROJECT'S EFFORTS TO BUILD A THRIVING COMMUNITY OF FARM AND FOREST BUSINESS ADVISORS IN THE NORTHEASTERN U.S.$10,000
Vermont Council on Rural DevelopmentMontpelier, VT501(c)(3)General Operating Support to Strengthen Community Mutual Aid Organizing and Response and Recovery to Covid-19.$10,000
Windham Regional CommissionBrattleboro, VTGovtIMPLEMENTATION FUNDING FOR 2 PROJECTS BY THE GREEN RIVER WATERSHED ALLIANCE AS DESIGNATED IN MARGO GHIA?S 5/13/2020 EMAIL. (MATCHING FUNDS HAVE BEEN SECURED.)$10,000
Rural Vermont IncMontpelier, VT501(c)(3)TO HELP RURAL VERMONT SUPPORT THE OPENING OF FARMERS? MARKETS IN VERMONT WITH SMALL GRANTS TO ASSIST WITH PROTOCOLS FOR KEEPING CUSTOMERS, VENDORS AND VOLUNTEERS SAFE UNDER COVID-19 AND GENERAL OPERATING SUPPORT$8,375
International Cryosphere Climate InitiativePawlet, VT501(c)(3)Continuation and Promotion of the Burn Right Educational Campaign About the Best Practices and Proper Burning Techniques for Wood Burning Stoves Throughout Vt.$6,400
CCTV'S CENTER FOR MEDIA & DEMOCRACYBurlington, VT501(c)(3)Unrestricted Operating Support for Common Good Vermont (cctv - Fiscal Sponsor)$5,000
Northwest Regional Planning CommissionSt Albans, VT501(c)(3)TO ASSIST SMALL FARMERS MARKETS IN GRAND ISLE AND FRANKLIN COUNTY ADJUST TO STATE REQUIREMENTS AND GUIDELINES FOR FARMERS? MARKETS REGARDING COVID-19.$5,000
Watersheds United VermontMontpelier, VT501(c)(3)Supplemental General Operating Support to Address Increased Needs Due to Covid Pandemic.$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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The vermont community foundation performs customary management duties on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

Management reviews the form 990 and related schedules prior to filing and also provides a copy of the tax return to all board members

Form 990, Part VI, Section B, Line 12C

All board members complete conflict of interest forms annually. Board members also disclose any possible conflicts of interest if they arise during board meetings.

Form 990, Part VI, Section B, Line 15

The board of directors conducts an annual review of the president's total compensation as part of the budget process which the board reviews and approves.

Form 990, Part VI, Section C, Line 19

The organization has no formal policy surrounding the public availability of its governing documents other than to provide applicable documents upon request. As the high meadows fund, inc. Is part of a consolidated set of audited financial statements, no stand-alone financial statements exist. The consolidated audited financial statements are available at www.vermontcf.org.

Filing and Contact Details

Filer

Filer Name
High Meadows Fund Inc
EIN
20-0288123
Phone
8023883355
Address
CO VCF 3 COURT STREET, MIDDLEBURY, VT 05753

Signing Officer

Name
Debra Dabrowski
Title
VP for Finance of Vcf
Phone
8023883355
Signed
2021-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gaye Symington
Formed
2003
Legal Domicile
Vt
Voting Board Members
7
Independent Board Members
6
Employees
4
Volunteers
7

Preparer

Firm
Cliftonlarsonallen Lp
Address
29 S MAIN STREET, WEST HARTFORD, CT 06127
Preparer
Lori Budnick
Phone
8605614000
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Funds are designated and intended for use in the furtherance of the organization's exempt purpose.

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IRS990/CompensationProcessOtherInd01
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IRS990/ConferencesMeetingsGrp/TotalAmt04694
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IRS990/ConservationEasementsInd00
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IRS990/CYTotalFundraisingExpenseAmt00
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IRS990/Form990PartVIISectionAGrp/PersonNm5TOM ROBERTS
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IRS990/Form990PartVIISectionAGrp/PersonNm7LINDA MARKIN
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IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD VICE CHAIR & ASST SE
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IRS990/MinutesOfCommitteesInd01
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IRS990/OfficeExpensesGrp/ProgramServicesAmt02705
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