Civic Intelligence

Champlain Valley Christian School Association Inc.

990 • Fiscal year 2020 • EIN 23-7153441

Sep 01, 2019 to Aug 31, 2020 • Filed on Jan 15, 2021

2 Church StVergennes, VT 05491

(802) 877-3640

Siviq Scores

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

Liabilities / Assets

47th percentile

0.08x

Higher debt load relative to assets than 47% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

0.42x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

52nd percentile

6.1%

Higher net margin than 52% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

48th percentile

$55,417

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

29th percentile

-0.9%

Faster asset growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

35th percentile

-8.2%

Faster revenue growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,164,534

Down $18,697 (-0.9%) from 2019

Net Assets

Up

$1,990,351

Up $25,485 (+1.3%) from 2019

Liabilities

Down

$174,183

Down $44,182 (-20%) from 2019

Revenue

Down

$416,334

Down $36,962 (-8.2%) from 2019

Expenses

Down

$390,849

Down $39,243 (-9.1%) from 2019

Net Income

Up

$25,485

Up $2,281 (+9.8%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2018: $2,255,666Liabilities 2018: $314,004Net Assets 2018: $1,941,6622018Assets 2019: $2,183,231Liabilities 2019: $218,365Net Assets 2019: $1,964,8662019Assets 2020: $2,164,534Liabilities 2020: $174,183Net Assets 2020: $1,990,3512020Assets 2021: $2,129,803Liabilities 2021: $55,378Net Assets 2021: $2,074,4252021Assets 2022: $2,199,566Liabilities 2022: $13,012Net Assets 2022: $2,186,5542022Assets 2023: $2,269,719Liabilities 2023: $19,681Net Assets 2023: $2,250,0382023Assets 2024: $2,310,955Liabilities 2024: $5,293Net Assets 2024: $2,305,6622024Assets 2025: $2,357,014Liabilities 2025: $18,848Net Assets 2025: $2,338,1662025

Highlighted filing

2020

Assets$2,164,534
Liabilities$174,183
Net Assets$1,990,351

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2018: $486,649Expenses 2018: $454,838Net Income 2018: $31,8112018Revenue 2019: $453,296Expenses 2019: $430,092Net Income 2019: $23,2042019Revenue 2020: $416,334Expenses 2020: $390,849Net Income 2020: $25,4852020Revenue 2021: $524,432Expenses 2021: $440,358Net Income 2021: $84,0742021Revenue 2022: $539,294Expenses 2022: $432,704Net Income 2022: $106,5902022Revenue 2023: $523,748Expenses 2023: $460,264Net Income 2023: $63,4842023Revenue 2024: $571,459Expenses 2024: $515,835Net Income 2024: $55,6242024Revenue 2025: $635,282Expenses 2025: $602,778Net Income 2025: $32,5042025

Highlighted filing

2020

Revenue$416,334
Expenses$390,849
Net Income$25,485
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jan 15, 2021
Return Version
2019v5.1
Gross Receipts
$620,832
Mission and Program Overview

Mission

K-8 Elementary and Secondary School An elementary and secondary education school providing an academic education with a Christian worldview.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,001,557$1,928,514▼ $73,043
Cash and Non-Interest-Bearing Accounts$42,378$117,361▲ $74,983
Savings and Temporary Cash Investments$121,988$107,340▼ $14,648
Loans From Officers Directors$128,000$37,000▼ $91,000
Inventories for Sale or Use$17,308$11,319▼ $5,989
Total Assets$2,183,231$2,164,534▼ $18,697
Liabilities
Mortgage Notes Payable Secured by Investment Property$72,000$87,000▲ $15,000
Unsecured Notes Loans Payable-$46,985-
Other Liabilities$18,365$3,198▼ $15,167
Total Liabilities$218,365$174,183▼ $44,182
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,905,117$1,929,696▲ $24,579
Net Assets With Donor Restrictions$59,749$60,655▲ $906
Total Net Assets Fund Balance$1,964,866$1,990,351▲ $25,485
Total Liabilities and Net Assets / Fund Balance$2,183,231$2,164,534▼ $18,697

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,921,397$858,583$2,779,980
Equipment$693$11,150$11,843
Land$6,424-$6,424
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Linda LarocqueAdministratorFT$55,417$55,417

Board Members and Trustees

NameTitle
John Beenen JrPresident
Samuel DeVriesVice President
Jason RotAsst. Treasurer
William VanDeWeertGEn'l Adjunct
Joann VerburgSecretary
Grace GosligaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$148,673
Program Service Revenue
$253,184
Investment Income
$1,051
Other Revenue
$13,426
All Other Contributions
$121,848
Change in Net Assets
$25,485
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$234,559
Other Expenses$156,290
Total Fundraising Expense$907
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$139,632$16,083$0$155,715
Depreciation Depletion$73,044$0$0$73,044
Current Officers, Directors, Trustees, and Key Employees$27,875$27,875$0$55,750
Occupancy$31,141$0$0$31,141
All Other Expenses$24,440$0$0$24,440
Payroll Taxes$12,137$5,495$0$17,632
Insurance$9,034$0$0$9,034
Information Technology$8,979$0$0$8,979
Pension Plan Contributions$4,143$1,319$0$5,462
Conferences and Meetings$4,080$0$0$4,080
Office Expenses$2,312$0$342$2,654
Interest$1,813$0$0$1,813
Advertising$367$0$544$911
Fees for Services Other$173$0$0$173
Other Expenses$0$0$21$21
Total Functional Expenses$339,170$50,772$907$390,849
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,034
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$27,409$2,034-$2,034
Total Events$27,409$2,034-$2,034
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$128,000$37,000▼ $91,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due To Parents$1,397
Payroll Liabilities:State Withholding VT$735
Payroll Liabilities:SIMPLE Employee Withholdings$436
Payroll Liabilities:SIMPLE Employer Match$421
Citi VISA Credit Card Payable$209
Prepaid Dues$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Champlain Valley Christian School Assoc Inc
EIN
23-7153441
Phone
8028773640
Address
2 Church St, Vergennes, VT 05491

Signing Officer

Name
John Beenen
Title
President
Phone
8028773640
Signed
2021-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Beenen Jr
Formed
1972
Legal Domicile
Vt
Voting Board Members
6
Independent Board Members
1
Employees
17
Volunteers
40

Preparer

Firm
Martha D Gosliga CPA
Address
406 CARR ROAD, ADDISON, VT 05491
Preparer
Martha D Gosliga
Phone
8027592521
Supplemental Narrative

Additional Explanations

Other

Financial information is available by requesting a copy from the school governing body.

Pt VI, Line 2

3 Board members are related through marriage; an inherent result of a small Christian school community

Pt VI, Line 6

The school is parent-operated and hence has member support - not ownership

Pt VI, Line 7A

The members elect new appointments to the board annually. The board members have 3 year terms and rotate off 2 per year.

Pt VI, Line 7B

Members vote on budgets,operational or constitutional changes;may be consulted for advisory votes

Pt VI, Line 8B

Committees report to the board; they have limited governance

Pt VI, Line 11B

The Form 990, Schedules and attachments are reviewed and approved for filing at a board meeting

Pt VI, Line 15A

The school implements a salary grid subject to financial feasibility.

Pt VI, Line 15B

The Board is a member of Christian Schools International and seeks guidance where feasible; an approved salary grid is the primary determinant of salary.

Pt VI, Line 12C

Board members disclose potential conflicts of interest (if any) at first board meeting of the new fiscal year.

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IRS990/PYOtherExpensesAmt0176104
IRS990/PYOtherRevenueAmt032651
IRS990/PYProgramServiceRevenueAmt0243214
IRS990/PYRevenuesLessExpensesAmt023204
IRS990/PYSalariesCompEmpBnftPaidAmt0253988
IRS990/PYTotalExpensesAmt0430092
IRS990/PYTotalRevenueAmt0453296
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt025485
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0575
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0416334
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0121988
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0107340
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
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/BuildingsGrp/BookValueAmt01921397
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0858583
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02779980
IRS990ScheduleD/EquipmentGrp/BookValueAmt0693
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011150
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011843
IRS990ScheduleD/LandGrp/BookValueAmt06424
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06424
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01397
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1436
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2421
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3735
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt40
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5209
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due To Parents
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Liabilities:SIMPLE Employee Withholdings
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Payroll Liabilities:SIMPLE Employer Match
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Payroll Liabilities:State Withholding VT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Prepaid Dues
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5Citi VISA Credit Card Payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01928514
IRS990ScheduleD/TotalLiabilityAmt03198
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Primarily word of mouth publicity; the board has adopted a policy of non-discrimination for students .
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt025375
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt025375
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt027409
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt027409
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt02034
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt02034
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt02034
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt010000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt127000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Building
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Building
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt010000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt153000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Gerrit Gosliga
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Grace Gosliga
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Former Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt037000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Financial information is available by requesting a copy from the school governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13 Board members are related through marriage; an inherent result of a small Christian school community
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The school is parent-operated and hence has member support - not ownership
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The members elect new appointments to the board annually. The board members have 3 year terms and rotate off 2 per year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Members vote on budgets,operational or constitutional changes;may be consulted for advisory votes
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Committees report to the board; they have limited governance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Form 990, Schedules and attachments are reviewed and approved for filing at a board meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The school implements a salary grid subject to financial feasibility.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The Board is a member of Christian Schools International and seeks guidance where feasible; an approved salary grid is the primary determinant of salary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Board members disclose potential conflicts of interest (if any) at first board meeting of the new fiscal year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 15b

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