Civic Intelligence

Vermont Afterschool Inc.

990 • Fiscal year 2017 • EIN 32-0399970

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 15, 2017

123 Ethan Allen AvenueColchester, VT 05446

(802) 448-3464

Siviq Scores

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

Liabilities / Assets

54th percentile

0.05x

Higher debt load relative to assets than 54% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

50th percentile

0.04x

Higher debt load relative to revenue than 50% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

23rd percentile

-7.8%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

85th percentile

$89,089

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 14.8% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

14th percentile

-11%

Faster asset growth than 14% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

9th percentile

-31%

Faster revenue growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$433,939

Down $55,694 (-11%) from 2016

Net Assets

Down

$412,355

Down $46,780 (-10%) from 2016

Liabilities

Down

$21,584

Down $8,914 (-29%) from 2016

Revenue

Down

$603,232

Down $266,342 (-31%) from 2016

Expenses

Up

$650,012

Up $34,063 (+5.5%) from 2016

Net Income

Down

-$46,780

Down $300,405 (-118%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $236,456Liabilities 2014: $54,899Net Assets 2014: $181,5572014Assets 2015: $243,860Liabilities 2015: $38,350Net Assets 2015: $205,5102015Assets 2016: $489,633Liabilities 2016: $30,498Net Assets 2016: $459,1352016Assets 2017: $433,939Liabilities 2017: $21,584Net Assets 2017: $412,3552017Assets 2018: $402,050Liabilities 2018: $58,994Net Assets 2018: $343,0562018Assets 2019: $840,440Liabilities 2019: $32,064Net Assets 2019: $808,3762019Assets 2020: $1,069,202Liabilities 2020: $179,988Net Assets 2020: $889,2142020Assets 2021: $967,321Liabilities 2021: $203,824Net Assets 2021: $763,4972021Assets 2022: $1,072,195Liabilities 2022: $219,774Net Assets 2022: $852,4212022Assets 2023: $1,725,755Liabilities 2023: $769,456Net Assets 2023: $956,2992023Assets 2024: $1,482,051Liabilities 2024: $442,619Net Assets 2024: $1,039,4322024

Highlighted filing

2017

Assets$433,939
Liabilities$21,584
Net Assets$412,355

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $632,801Expenses 2014: $466,994Net Income 2014: $165,8072014Revenue 2015: $574,248Expenses 2015: $550,295Net Income 2015: $23,9532015Revenue 2016: $869,574Expenses 2016: $615,949Net Income 2016: $253,6252016Revenue 2017: $603,232Expenses 2017: $650,012Net Income 2017: -$46,7802017Revenue 2018: $569,097Expenses 2018: $638,396Net Income 2018: -$69,2992018Revenue 2019: $1,407,006Expenses 2019: $941,686Net Income 2019: $465,3202019Revenue 2020: $999,086Expenses 2020: $918,248Net Income 2020: $80,8382020Revenue 2021: $1,734,189Expenses 2021: $1,873,122Net Income 2021: -$138,9332021Revenue 2022: $4,217,721Expenses 2022: $4,128,797Net Income 2022: $88,9242022Revenue 2023: $4,133,283Expenses 2023: $4,029,405Net Income 2023: $103,8782023Revenue 2024: $4,658,523Expenses 2024: $4,575,390Net Income 2024: $83,1332024

Highlighted filing

2017

Revenue$603,232
Expenses$650,012
Net Income-$46,780
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 15, 2017
Return Version
2016v3.0
Gross Receipts
$603,232
Mission and Program Overview

Mission

The mission of Vermont Afterschool, Inc. ("VTA") is to support organizations in providing quality afterschool, summer and expanded learning experiences for the benefit of Vermont's children and youth.

The mission of Vermont Afterschool, Inc. ("VTA") is to support organizations in providing quality afterschool, summer and expanded learning experiences so that Vermont's children and youth have the opportunities, skills and resources they need to become healthy, productive members of society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$302,708$223,677▼ $79,031
Cash and Non-Interest-Bearing Accounts$22,055$105,642▲ $83,587
Pledges and Grants Receivable$110,000$47,733▼ $62,267
Accounts Receivable$41,723$41,827▲ $104
Prepaid Expenses and Deferred Charges$9,541$9,230▼ $311
Land, Buildings, and Equipment, Net$3,606$5,830▲ $2,224
Total Assets$489,633$433,939▼ $55,694
Liabilities
Accounts Payable and Accrued Expenses$19,762$21,584▲ $1,822
Deferred Revenue$10,736--
Total Liabilities$30,498$21,584▼ $8,914
Net Assets / Fund Balance
Unrestricted Net Assets$209,404$260,594▲ $51,190
Temporarily Rstr Net Assets$249,731$151,761▼ $97,970
Total Net Assets Fund Balance$459,135$412,355▼ $46,780
Total Liabilities and Net Assets / Fund Balance$489,633$433,939▼ $55,694

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,830$5,500$11,330
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Holly MorehouseExecutive DirectorFT$85,717$3,372$89,089

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$387,644
Program Service Revenue
$214,618
Investment Income
$970
Other Revenue
$0
All Other Contributions
$52,620
Change in Net Assets
$-46,780

Audited Revenue Reconciliation

Revenue per Audited Statements
$603,232
Total Revenue per Audited Statements
$603,232
Total Revenue per Form 990
$603,232
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$350,017
Other Expenses$271,178
Grants and Similar Amounts Paid$28,817
Total Fundraising Expense$5,955
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$223,845$0$0$223,845
Fees for Services Other$91,800$9,913$0$101,713
Current Officers, Directors, Trustees, and Key Employees$67,514$18,228$4,557$90,299
Conferences and Meetings$44,866$0$0$44,866
Travel$30,306$1,822$456$32,584
Grants to Domestic Orgs$28,817--$28,817
Payroll Taxes$21,962$1,321$330$23,613
Fees for Services Lobbying$15,600$0$0$15,600
Office Expenses$12,212$734$184$13,130
Insurance$7,199$433$108$7,740
Occupancy$6,677$401$100$7,178
Advertising$6,772$0$0$6,772
Other Employee Benefits$6,383$0$0$6,383
Pension Plan Contributions$5,877$0$0$5,877
Fees for Services Accounting$0$4,890$0$4,890
Information Technology$3,649$219$55$3,923
Depreciation Depletion$2,063$124$31$2,218
All Other Expenses$1,590$96$24$1,710
Other Expenses$244$0$0$244
Total Functional Expenses$605,435$38,622$5,955$650,012

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$650,012
Total Expenses per Audited Statements$650,012
Total Expenses per Form 990$650,012
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Two Rivers Supervisory UnionLudlow, VTGovernmentProgram Enhancement$9,934
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
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
Filing and Contact Details

Filer

Filer Name
Vermont Afterschool Inc
EIN
32-0399970
Phone
8024483464
Address
123 Ethan Allen Avenue, Colchester, VT 05446

Signing Officer

Name
Holly Morehouse
Title
Executive Director
Phone
8024483464
Signed
2017-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Holly Morehouse
Formed
2013
Legal Domicile
Vt
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
46

Preparer

Firm
Tapia & Huckabay PC
Address
PO Box 38, Vergennes, VT 05491
Preparer
William S Huckabay CPA
Phone
8028707086
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A draft of Form 990 is reviewed by the Executive Director with a final version made available to the Board of Directors prior to filing.

Pt VI, Line 12C

All Directors are required to complete an annual COI disclosure form with the overall COI policy monitored by the Executive Director.

Pt VI, Line 15A

The Board of Directors reviews and approves the senior management salary and benefits during the annual budget process.

Pt VI, Line 15B

See the above description for Part VI, Line 15a.

Pt VI, Line 19

The Organization has never been asked for its organizational documents and has no formal policy concerning their release.

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