Civic Intelligence

Vt-Hec Inc.

990 • Fiscal year 2014 • EIN 27-3343277

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 05, 2014

Organization Profilewww.vthec.org

View Organization Page

2084 Lightening Ridge Road05601

(802) 454-7712

Siviq Scores

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

Liabilities / Assets

55th percentile

0.07x

Higher debt load relative to assets than 55% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

44th percentile

0.03x

Higher debt load relative to revenue than 44% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

32nd percentile

-2.7%

Higher net margin than 32% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

85th percentile

$86,540

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

11th percentile

-16%

Faster asset growth than 11% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$310,138

Down $58,946 (-16%) from 2013

Net Assets

Down

$287,808

Down $22,071 (-7.1%) from 2013

Liabilities

Down

$22,330

Down $36,875 (-62%) from 2013

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin32nd percentile

Revenue

$832,258

No earlier filing loaded for comparison.

Expenses

Down

$854,329

Down $8,225 (-1.0%) from 2013

Net Income

-$22,071

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $275,130Liabilities 2012: $106,906Net Assets 2012: $168,2242012Assets 2013: $369,084Liabilities 2013: $59,205Net Assets 2013: $309,8792013Assets 2014: $310,138Liabilities 2014: $22,330Net Assets 2014: $287,8082014Assets 2015: $492,296Liabilities 2015: $134,737Net Assets 2015: $357,5592015Assets 2016: $707,524Liabilities 2016: $146,150Net Assets 2016: $561,3742016Assets 2017: $804,196Liabilities 2017: $101,495Net Assets 2017: $702,7012017Assets 2018: $901,085Liabilities 2018: $88,459Net Assets 2018: $812,6262018Assets 2019: $990,368Liabilities 2019: $86,540Net Assets 2019: $903,8282019Assets 2020: $1,152,877Liabilities 2020: $307,041Net Assets 2020: $845,8362020Assets 2021: $1,187,201Liabilities 2021: $129,950Net Assets 2021: $1,057,2512021Assets 2022: $1,501,110Liabilities 2022: $284,005Net Assets 2022: $1,217,1052022

Highlighted filing

2014

Assets$310,138
Liabilities$22,330
Net Assets$287,808
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $826,0322012Expenses 2013: $862,5542013Revenue 2014: $832,258Expenses 2014: $854,329Net Income 2014: -$22,0712014Revenue 2015: $1,036,229Expenses 2015: $966,478Net Income 2015: $69,7512015Revenue 2016: $1,185,885Expenses 2016: $982,070Net Income 2016: $203,8152016Revenue 2017: $1,195,510Expenses 2017: $1,054,183Net Income 2017: $141,3272017Revenue 2018: $1,257,324Expenses 2018: $1,147,399Net Income 2018: $109,9252018Revenue 2019: $1,540,627Expenses 2019: $1,449,425Net Income 2019: $91,2022019Revenue 2020: $1,420,995Expenses 2020: $1,478,987Net Income 2020: -$57,9922020Revenue 2021: $1,487,327Expenses 2021: $1,275,912Net Income 2021: $211,4152021Revenue 2022: $1,554,968Expenses 2022: $1,395,114Net Income 2022: $159,8542022

Highlighted filing

2014

Revenue$832,258
Expenses$854,329
Net Income-$22,071
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 5, 2014
Return Version
2013v3.1
Gross Receipts
$832,258
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$251,863$241,721▼ $10,142
Accounts Receivable$117,221$68,417▼ $48,804
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$369,084$310,138▼ $58,946
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$5,744$10,102▲ $4,358
Other Liabilities$27,886$6,252▼ $21,634
Deferred Revenue$25,575$5,976▼ $19,599
Total Liabilities$59,205$22,330▼ $36,875
Net Assets / Fund Balance
Unrestricted Net Assets$309,879$287,808▼ $22,071
Total Net Assets Fund Balance$309,879$287,808▼ $22,071
Total Liabilities and Net Assets / Fund Balance$369,084$310,138▼ $58,946
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dennis KaneExecutive DirectorPT$86,540$86,540

Board Members and Trustees

NameTitle
Susan StitelyChairman
Ken PageDirector
Laurie GossensDirector
Michael CurtisDirector
Nancy ThomasDirector
Andrea WassonSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$62,253
Program Service Revenue
$770,005
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,753
Change in Net Assets
$-22,071

Audited Revenue Reconciliation

Revenue per Audited Statements
$832,258
Total Revenue per Audited Statements
$832,258
Total Revenue per Form 990
$832,258
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$530,216
Other Expenses$324,113
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$351,180$55,464-$406,644
Current Officers, Directors, Trustees, and Key Employees$43,935$43,934-$87,869
Fees for Services Accounting-$40,941-$40,941
Payroll Taxes$28,376$7,327-$35,703
All Other Expenses$19,823$10,226-$30,049
Travel$20,187$995-$21,182
Other Expenses$16,933--$16,933
Insurance$10,816$2,702-$13,518
Office Expenses$1,596$5,960-$7,556
Information Technology$175$6,052-$6,227
Advertising$1,685$733-$2,418
Total Functional Expenses$679,995$174,334$0$854,329

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$854,329
Total Expenses per Audited Statements$854,329
Total Expenses per Form 990$854,329
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
accrued wages & taxes$6,252
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The form 990 will be reviewed by fothergill segale & valley, cpas and the executive director for vt-hec prior to submitting to the irs. The copy of the 990 will be available to all board members.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The monitoring and enforcement of the conflicts of interest policy is outlined in the corporate by-laws.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The executive director's salary is reviewed and approved by the board of directors.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Other officers or key employees compensation is determined and approved by the executive director and program coordinator. The amounts are substantiated by written contracts.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Disclosure of governing documents, policies and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

EIN
27-3343277
Phone
8024547712

Signing Officer

Name
Dennis Kane
Title
Executive Director
Signed
2014-11-05
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
Vt
Voting Board Members
6
Independent Board Members
6
Employees
33

Preparer

Preparer
Michael L Segale CPA
Phone
8022236261
Supplemental Narrative

Additional Explanations

Mission or Most Significant Activities

“The organization's mission or most significant actitivies include offering professional development opportunities, such as sequences of graduate courses, workshops, conferences and individualy planned school support to educators and others to address critical personnel needs and staff shortages in schools. The goal of vt-hec is to gather expertise from a variety of sources and facilitate collaboration to develop and deliver programs of professional development and school improvement. The programs of vt-hec focus on areas of unmet need in education and human services in order to increase the availability of qualified and well-trained staff that can help ensure the educational needs of all students are met.”

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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-22071
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0955360
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0966795
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0758725
IRS990ScheduleA/Total509Grp/TotalAmt04517347
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06252
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0accrued wages & taxes
IRS990ScheduleD/RevenueSubtotalAmt0832258
IRS990ScheduleD/TotalExpensesPerForm990Amt0854329
IRS990ScheduleD/TotalLiabilityAmt06252
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WILL BE REVIEWED BY FOTHERGILL SEGALE & VALLEY, CPAS AND THE EXECUTIVE DIRECTOR FOR VT-HEC PRIOR TO SUBMITTING TO THE IRS. THE COPY OF THE 990 WILL BE AVAILABLE TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MONITORING AND ENFORCEMENT OF THE CONFLICTS OF INTEREST POLICY IS OUTLINED IN THE CORPORATE BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER OFFICERS OR KEY EMPLOYEES COMPENSATION IS DETERMINED AND APPROVED BY THE EXECUTIVE DIRECTOR AND PROGRAM COORDINATOR. THE AMOUNTS ARE SUBSTANTIATED BY WRITTEN CONTRACTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DISCLOSURE OF GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTITIVIES INCLUDE OFFERING PROFESSIONAL DEVELOPMENT OPPORTUNITIES, SUCH AS SEQUENCES OF GRADUATE COURSES, WORKSHOPS, CONFERENCES AND INDIVIDUALY PLANNED SCHOOL SUPPORT TO EDUCATORS AND OTHERS TO ADDRESS CRITICAL PERSONNEL NEEDS AND STAFF SHORTAGES IN SCHOOLS. THE GOAL OF VT-HEC IS TO GATHER EXPERTISE FROM A VARIETY OF SOURCES AND FACILITATE COLLABORATION TO DEVELOP AND DELIVER PROGRAMS OF PROFESSIONAL DEVELOPMENT AND SCHOOL IMPROVEMENT. THE PROGRAMS OF VT-HEC FOCUS ON AREAS OF UNMET NEED IN EDUCATION AND HUMAN SERVICES IN ORDER TO INCREASE THE AVAILABILITY OF QUALIFIED AND WELL-TRAINED STAFF THAT CAN HELP ENSURE THE EDUCATIONAL NEEDS OF ALL STUDENTS ARE MET.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5MISSION OR MOST SIGNIFICANT ACTIVITIES
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IRS990/TotalEmployeeCnt033
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0174334
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0679995
IRS990/TotalFunctionalExpensesGrp/TotalAmt0854329
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt022330
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0309879
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IRS990/TotalProgramServiceExpensesAmt0679995
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IRS990/TotalReportableCompFromOrgAmt086540
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0369084
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0310138
IRS990/TransactionWithControlEntInd0false
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IRS990/TravelGrp/ProgramServicesAmt020187
IRS990/TravelGrp/TotalAmt021182
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0309879
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0287808
IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0www.vthec.org
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ReturnHeader/BuildTS02015-11-30 17:44:51Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$310,138
Liabilities
$22,330
Net assets
$287,808
Revenue
$832,258
Expenses
$854,329
Net income
-$22,071
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$0.28$1.22$1.55$1.40$0.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.13$1.06$1.49$1.28$0.21
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.31$0.85$1.42$1.48$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.09$0.90$1.54$1.45$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.09$0.81$1.26$1.15$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.10$0.70$1.20$1.05$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.71$0.15$0.56$1.19$0.98$0.20
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.13$0.36$1.04$0.97$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.31$0.02$0.29$0.83$0.85$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.06$0.31$0.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.11$0.17$0.83