Civic Intelligence

Vermont Afterschool Inc.

990 • Fiscal year 2019 • EIN 32-0399970

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 30, 2019

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

40th percentile

0.04x

Higher debt load relative to assets than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

66th percentile

$94,939

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

96th percentile

109%

Faster asset growth than 96% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

95th percentile

147%

Faster revenue growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$840,440

Up $438,390 (+109%) from 2018

Net Assets

Up

$808,376

Up $465,320 (+136%) from 2018

Liabilities

Down

$32,064

Down $26,930 (-46%) from 2018

Revenue

Up

$1,407,006

Up $837,909 (+147%) from 2018

Expenses

Up

$941,686

Up $303,290 (+48%) from 2018

Net Income

Up

$465,320

Up $534,619 (+771%) from 2018

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

2019

Assets$840,440
Liabilities$32,064
Net Assets$808,376

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

2019

Revenue$1,407,006
Expenses$941,686
Net Income$465,320
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 30, 2019
Return Version
2018v3.1
Gross Receipts
$1,407,006
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$3,000$402,682▲ $399,682
Savings and Temporary Cash Investments$224,500$335,732▲ $111,232
Cash and Non-Interest-Bearing Accounts$109,281$43,952▼ $65,329
Accounts Receivable$40,409$28,672▼ $11,737
Prepaid Expenses and Deferred Charges$21,324$23,569▲ $2,245
Land, Buildings, and Equipment, Net$3,536$5,833▲ $2,297
Total Assets$402,050$840,440▲ $438,390
Liabilities
Accounts Payable and Accrued Expenses$18,237$29,373▲ $11,136
Deferred Revenue$40,757$2,691▼ $38,066
Total Liabilities$58,994$32,064▼ $26,930
Net Assets / Fund Balance
Temporarily Rstr Net Assets$71,156$489,896▲ $418,740
Unrestricted Net Assets$271,900$318,480▲ $46,580
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$343,056$808,376▲ $465,320
Total Liabilities and Net Assets / Fund Balance$402,050$840,440▲ $438,390

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,833$9,822$15,655
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Holly MorehouseExecutive DirectorFT$91,300$3,639$94,939

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,237,670
Program Service Revenue
$168,104
Investment Income
$1,232
Other Revenue
$0
All Other Contributions
$678,505
Change in Net Assets
$465,320
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$466,650
Other Expenses$293,564
Grants and Similar Amounts Paid$181,472
Total Fundraising Expense$9,428
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$323,206$0$0$323,206
Grants to Domestic Orgs$181,472--$181,472
Current Officers, Directors, Trustees, and Key Employees$62,369$26,684$7,278$96,331
Fees for Services Other$74,033$9,316$0$83,349
Conferences and Meetings$63,786$0$0$63,786
Travel$42,830$2,846$776$46,452
Payroll Taxes$28,692$1,907$520$31,119
Fees for Services Lobbying$19,500$0$0$19,500
Office Expenses$12,181$809$221$13,211
Occupancy$12,027$799$218$13,044
Pension Plan Contributions$8,421$0$0$8,421
Other Employee Benefits$7,573$0$0$7,573
Insurance$6,394$425$116$6,935
Fees for Services Accounting$0$5,200$0$5,200
Information Technology$3,676$244$67$3,987
Advertising$3,769$0$0$3,769
Depreciation Depletion$2,423$161$44$2,628
All Other Expenses$2,294$149$42$2,485
Fees for Services Legal$126$0$0$126
Other Expenses$125$0$0$125
Total Functional Expenses$883,183$49,075$9,428$941,686
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Franklin Northwest Supervisory UnionSwanton, VTGovt. Org.Program Enhancement$27,412
Youth Services Friends for ChangeBrattleboro, VT501(c)(3)Program Enhancement$17,500
Kingdom East United School DistrictLyndonville, VTGovt. Org.Program Enhancement$15,508
Center for Restorative JusticeBennington, VT501(c)(3)Program Enhancement$14,493
Twinfield UnionPlainfield, VTGovt. Org.Program Enhancement$12,302
Upper Valley HavenWhite River Junction, VT501(c)(3)Program Enhancement$10,000
Orange Southwest Supervisory DistrictRandolph, VTGovt. Org.Program Enhancement$9,500
Lake Region Union School DistrictOrleans, VTGovt. Org.Program Enhancement$7,500
Addison Northwest Supervisory UnionVergennes, VTGovt. Org.Program Enhancement$6,853
Winooski School DistrictWinooski, VTGovt. Org.Program Enhancement$6,000
Northern Vermont AHECSaint Johnsbury, VT501(c)(3)Program Enhancement$5,356
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

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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 & Authorized Tax
Phone
8024483464
Signed
2019-10-30
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
12
Volunteers
21

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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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt00
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IRS990/OccupancyGrp/FundraisingAmt0218
IRS990/OccupancyGrp/ManagementAndGeneralAmt0799
IRS990/OccupancyGrp/ProgramServicesAmt012027
IRS990/OccupancyGrp/TotalAmt013044
IRS990/OfficeExpensesGrp/FundraisingAmt0221
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0809
IRS990/OfficeExpensesGrp/ProgramServicesAmt012181
IRS990/OfficeExpensesGrp/TotalAmt013211
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07573
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07573
IRS990/OtherExpensesGrp/Desc0College credits & online learning
IRS990/OtherExpensesGrp/Desc1Professional development
IRS990/OtherExpensesGrp/Desc2Printing, copying & video productions
IRS990/OtherExpensesGrp/Desc3Dues & subscriptions
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt1108
IRS990/OtherExpensesGrp/FundraisingAmt238
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2140
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt020242
IRS990/OtherExpensesGrp/ProgramServicesAmt15941
IRS990/OtherExpensesGrp/ProgramServicesAmt22103
IRS990/OtherExpensesGrp/ProgramServicesAmt3125
IRS990/OtherExpensesGrp/TotalAmt020242
IRS990/OtherExpensesGrp/TotalAmt16444
IRS990/OtherExpensesGrp/TotalAmt22281
IRS990/OtherExpensesGrp/TotalAmt3125
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0323206
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0520
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01907
IRS990/PayrollTaxesGrp/ProgramServicesAmt028692
IRS990/PayrollTaxesGrp/TotalAmt031119
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08421
IRS990/PensionPlanContributionsGrp/TotalAmt08421
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0402682
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021324
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023569
IRS990/PrincipalOfficerNm0Holly Morehouse
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IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
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IRS990/ProgramServiceRevenueGrp/Desc1Conference fees & training revenue
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt146643
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0350288
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt039539
IRS990/PYInvestmentIncomeAmt0823
IRS990/PYOtherExpensesAmt0215095
IRS990/PYProgramServiceRevenueAmt0217986
IRS990/PYRevenuesLessExpensesAmt0-69299
IRS990/PYSalariesCompEmpBnftPaidAmt0383762
IRS990/PYTotalExpensesAmt0638396
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IRS990/ReconcilationRevenueExpnssAmt0465320
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/RelatedOrganizationsAmt00
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/RevenueAmt0168104
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0224500
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0335732
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01237670
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0387644
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0654937
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0996594
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IRS990ScheduleA/PublicSupportCY509Pct00
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IRS990ScheduleA/PublicSupportTotal170Amt02269475
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0753183
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IRS990ScheduleA/TotalSupportAmt03026563
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IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearAmt07800
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus1Amt06500
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus2Amt04193
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus3Amt00
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/TotalAmt018493
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt041563

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