Civic Intelligence

Champlain Valley Christian School Association Inc.

990 • Fiscal year 2021 • EIN 23-7153441

Sep 01, 2020 to Aug 31, 2021 • Filed on Oct 26, 2021

Organization Profilecvcsvt.com
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

38th percentile

0.03x

Higher debt load relative to assets than 38% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

53rd percentile

0.11x

Higher debt load relative to revenue than 53% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

56th percentile

16%

Higher net margin than 56% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

22nd percentile

-1.6%

Faster asset growth than 22% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

26%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$2,129,803

Down $34,731 (-1.6%) from 2020

Net Assets

Up

$2,074,425

Up $84,074 (+4.2%) from 2020

Liabilities

Down

$55,378

Down $118,805 (-68%) from 2020

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin56th percentile

Revenue

Up

$524,432

Up $108,098 (+26%) from 2020

Expenses

Up

$440,358

Up $49,509 (+13%) from 2020

Net Income

Up

$84,074

Up $58,589 (+230%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

2021

Assets$2,129,803
Liabilities$55,378
Net Assets$2,074,425
Open 2021 Filing

Operations Trend

Revenue Growth63rd percentile

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

2021

Revenue$524,432
Expenses$440,358
Net Income$84,074
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Oct 26, 2021
Return Version
2020v4.1
Gross Receipts
$723,673
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$1,928,514$1,888,829▼ $39,685
Savings and Temporary Cash Investments$107,340$158,281▲ $50,941
Cash and Non-Interest-Bearing Accounts$117,361$71,842▼ $45,519
Loans From Officers Directors$37,000--
Inventories for Sale or Use$11,319$9,871▼ $1,448
Total Assets$2,164,534$2,129,803▼ $34,731
Other Assets Total-$980-
Liabilities
Unsecured Notes Loans Payable$46,985--
Mortgage Notes Payable Secured by Investment Property$87,000$40,000▼ $47,000
Other Liabilities$3,198$15,378▲ $12,180
Deferred Revenue-$0-
Total Liabilities$174,183$55,378▼ $118,805
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,929,696$1,972,772▲ $43,076
Net Assets With Donor Restrictions$60,655$101,653▲ $40,998
Total Net Assets Fund Balance$1,990,351$2,074,425▲ $84,074
Total Liabilities and Net Assets / Fund Balance$2,164,534$2,129,803▼ $34,731

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,853,283$926,697$2,779,980
Equipment$29,122$16,675$45,797
Other Land Buildings$6,424-$6,424
Land$0--
Leasehold Improvements$0--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
William VanDeWeertPresident FY 21-22
John Beenen JrPresident FY20-21
Samuel DeVriesVice President
Linda LarocqueAdministrator
Jason RotAsst. Treasurer
Joann VerburgSecretary
Grace GosligaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$149,565
Program Service Revenue
$355,589
Investment Income
$1,128
Other Revenue
$18,150
All Other Contributions
$147,765
Change in Net Assets
$84,074
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$256,108
Other Expenses$184,250
Total Fundraising Expense$777
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$159,215$14,520$0$173,735
Depreciation Depletion$73,639$0$0$73,639
Current Officers, Directors, Trustees, and Key Employees$28,625$28,625$0$57,250
Occupancy$53,976$0$0$53,976
All Other Expenses$34,362$0$20$34,382
Payroll Taxes$15,930$3,301$0$19,231
Insurance$8,323$0$0$8,323
Pension Plan Contributions$4,597$1,295$0$5,892
Information Technology$5,558$0$0$5,558
Office Expenses$3,773$0$209$3,982
Conferences and Meetings$1,657$0$0$1,657
Fees for Services Accounting$1,568$0$0$1,568
Advertising$617$0$548$1,165
Total Functional Expenses$391,840$47,741$777$440,358
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,031
Fundraising Direct Expenses$716
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$16,324$8,031$716$7,315
Total Events$16,324$8,031$716$7,315
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$37,000--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due To Parents$9,998
Citi VISA Credit Card Payable$3,277
Payroll Liabilities:SIMPLE Employee Withholdings$943
Payroll Liabilities:State Withholding VT$722
Payroll Liabilities:SIMPLE Employer Match$438
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
William VanDeWeert
Title
President
Phone
8028773640
Signed
2021-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Beenen Jr
Formed
1972
Legal Domicile
Vt
Voting Board Members
0
Independent Board Members
0
Employees
15
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

“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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYOtherRevenueAmt013426
IRS990/PYProgramServiceRevenueAmt0253184
IRS990/PYRevenuesLessExpensesAmt025485
IRS990/PYSalariesCompEmpBnftPaidAmt0234559
IRS990/PYTotalExpensesAmt0390849
IRS990/PYTotalRevenueAmt0416334
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt084074
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0500
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0523434
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0107340
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0158281
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/BookValueAmt01853283
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0926697
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02779980
IRS990ScheduleD/EquipmentGrp/BookValueAmt029122
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016675
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt045797
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06424
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06424
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09998
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1943
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2438
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3722
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt43277
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/Desc4Citi VISA Credit Card Payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01888829
IRS990ScheduleD/TotalLiabilityAmt015378
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/CharitableContributionsTotAmt08293
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt08293
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0716
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Auction
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt016324
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt016324
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt08031
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt08031
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt07315
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0716
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0716
IRS990/ScheduleJRequiredInd0false
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/ExplanationTxt8An 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 12c
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Cornerstone Preschool Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0800948629
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02 Church St
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Vergennes

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,129,803
Liabilities
$55,378
Net assets
$2,074,425
Revenue
$524,432
Expenses
$440,358
Net income
$84,074
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$0.02$2.34$0.64$0.60$0.03
2024Detailed filing. Detailed filing data is available for this year.$2.31$0.01$2.31$0.57$0.52$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.27$0.02$2.25$0.52$0.46$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.20$0.01$2.19$0.54$0.43$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.13$0.06$2.07$0.52$0.44$0.08
2020Detailed filing. Detailed filing data is available for this year.$2.16$0.17$1.99$0.42$0.39$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.18$0.22$1.96$0.45$0.43$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.26$0.31$1.94$0.49$0.45$0.03