Civic Intelligence

Building Bright Futures State Council Inc.

EIN 45-2392293 • 501(c)3 • Williston, VT

Pub. 78 Eligible

Profile

To improve the well-being of children and families in vermont by using evidence to inform policy and bringing voices together to discuss critical challenges and problem-solve.

600 Blair Park Rd Suite 160Williston, VT 05495

www.buildingbrightfutures.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.32x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.17x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$139,095

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

96th percentile

130%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

121%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,557,842

Up $881,131 (+130%) from 2023

Liabilities

Up

$502,265

Up $417,796 (+495%) from 2023

Net Assets

Up

$1,055,577

Up $463,335 (+78%) from 2023

Revenue

Up

$2,873,789

Up $1,572,794 (+121%) from 2023

Expenses

Up

$2,410,454

Up $1,091,846 (+83%) from 2023

Net Income

Up

$463,335

Up $480,948 (+2731%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2012: $552,958Liabilities 2012: $505,665Net Assets 2012: $47,2932012Assets 2013: $4,112,051Liabilities 2013: $4,089,491Net Assets 2013: $22,5602013Assets 2014: $455,111Liabilities 2014: $404,588Net Assets 2014: $50,5232014Assets 2015: $747,313Liabilities 2015: $699,044Net Assets 2015: $48,2692015Assets 2016: $413,178Liabilities 2016: $348,730Net Assets 2016: $64,4482016Assets 2017: $511,440Liabilities 2017: $330,643Net Assets 2017: $180,7972017Assets 2018: $554,018Liabilities 2018: $225,601Net Assets 2018: $328,4172018Assets 2019: $392,598Liabilities 2019: $25,792Net Assets 2019: $366,8062019Assets 2020: $258,878Liabilities 2020: $89,945Net Assets 2020: $168,9332020Assets 2021: $483,641Liabilities 2021: $60,898Net Assets 2021: $422,7432021Assets 2022: $725,468Liabilities 2022: $115,613Net Assets 2022: $609,8552022Assets 2023: $676,711Liabilities 2023: $84,469Net Assets 2023: $592,2422023Assets 2024: $1,557,842Liabilities 2024: $502,265Net Assets 2024: $1,055,5772024

Highlighted filing

2024

Assets$1,557,842
Liabilities$502,265
Net Assets$1,055,577

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $172,6382012Revenue 2013: $639,195Expenses 2013: $669,180Net Income 2013: -$29,9852013Revenue 2014: $1,357,124Expenses 2014: $1,526,037Net Income 2014: -$168,9132014Revenue 2015: $2,750,522Expenses 2015: $2,752,776Net Income 2015: -$2,2542015Revenue 2016: $2,468,915Expenses 2016: $2,452,736Net Income 2016: $16,1792016Revenue 2017: $1,990,455Expenses 2017: $1,874,106Net Income 2017: $116,3492017Revenue 2018: $1,516,028Expenses 2018: $1,368,408Net Income 2018: $147,6202018Revenue 2019: $1,642,981Expenses 2019: $1,604,592Net Income 2019: $38,3892019Revenue 2020: $942,640Expenses 2020: $1,140,513Net Income 2020: -$197,8732020Revenue 2021: $1,261,240Expenses 2021: $1,007,430Net Income 2021: $253,8102021Revenue 2022: $1,484,620Expenses 2022: $1,297,508Net Income 2022: $187,1122022Revenue 2023: $1,300,995Expenses 2023: $1,318,608Net Income 2023: -$17,6132023Revenue 2024: $2,873,789Expenses 2024: $2,410,454Net Income 2024: $463,3352024

Highlighted filing

2024

Revenue$2,873,789
Expenses$2,410,454
Net Income$463,335

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.56$0.50$1.06$2.87$2.41$0.46
2023Detailed filing. Detailed filing data is available for this year.$0.68$0.08$0.59$1.30$1.32$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.73$0.12$0.61$1.48$1.30$0.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.06$0.42$1.26$1.01$0.25
2020Detailed filing. Detailed filing data is available for this year.$0.26$0.09$0.17$0.94$1.14$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.39$0.03$0.37$1.64$1.60$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.55$0.23$0.33$1.52$1.37$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.51$0.33$0.18$1.99$1.87$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.41$0.35$0.06$2.47$2.45$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.70$0.05$2.75$2.75$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.46$0.40$0.05$1.36$1.53$0.17
2013Summary only. Only limited summary data is available for this year.$4.11$4.09$0.02$0.64$0.67$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.51$0.05$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$2,873,789
Mission and Program Overview

Mission

Building bright futures (bbf) is a nonprofit organization working to improve the wellbeing of young children and families in vermont.

To improve the well-being of children and families in vermont by using evidence to inform policy and bringing voices together to discuss critical challenges and problem-solve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$753,599-
Pledges and Grants Receivable$389,359$365,388▼ $23,971
Savings and Temporary Cash Investments$184,431$326,492▲ $142,061
Land, Buildings, and Equipment, Net$46,095$88,283▲ $42,188
Prepaid Expenses and Deferred Charges$2,600--
Total Assets$676,711$1,557,842▲ $881,131
Other Assets Total$54,226$24,080▼ $30,146
Liabilities
Deferred Revenue-$333,594-
Grants Payable-$73,932-
Accounts Payable and Accrued Expenses$31,993$72,409▲ $40,416
Other Liabilities$50,726$20,580▼ $30,146
Escrow Account Liability$1,750$1,750→ $0
Total Liabilities$84,469$502,265▲ $417,796
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$386,602$849,409▲ $462,807
Net Assets With Donor Restrictions$205,640$206,168▲ $528
Total Net Assets Fund Balance$592,242$1,055,577▲ $463,335
Total Liabilities and Net Assets / Fund Balance$676,711$1,557,842▲ $881,131

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$80,020-$80,020
Equipment$8,263$52,394$60,657
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Morgan CrossmanExecutive DiFT$128,357$10,738$139,095
Beth TruzanskyDeputy DirecFT$111,803$11,413$123,216

Board Members and Trustees

NameTitle
Flor Diaz SmithCo-chair
Ilisa StahlbergCo-chair
Amber HewsonCouncil Memb
Carlie Thibault Non-votingCouncil Memb
Carol Lang-godinCouncil Memb
Cheryle WilcoxCouncil Memb
Christy SwensonCouncil Memb
Danielle Lindley MitchellCouncil Memb
Debra Hartswick MdCouncil Memb
Dimitri GarderCouncil Memb
Erica MclaughlinCouncil Memb
Janet MclaughlinCouncil Memb
Jessica BrumstedCouncil Memb
Jessica VintinnerCouncil Memb
Kendal Smith Non-votingCouncil Memb
Kiona HeathCouncil Memb
Libby DaghlianCouncil Memb
Meg PorcellaCouncil Memb
Monica OgelbyCouncil Memb
Ruth HardyCouncil Memb
Sharon HarringtonCouncil Memb
Xusana DavisCouncil Memb
Eddie GaleCouncil Meme
Renee KellySecretary
Becca WebbTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,870,489
Program Service Revenue
$0
Investment Income
$3,300
Other Revenue
$0
All Other Contributions
$513,122
Change in Net Assets
$463,335

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,873,789
Total Revenue per Audited Statements
$2,873,789
Total Revenue per Form 990
$2,873,789
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,536,232
Other Expenses$468,607
Grants and Similar Amounts Paid$405,615
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,071,454$41,303-$1,112,757
Grants to Domestic Orgs$405,615--$405,615
Fees for Services Other$217,314--$217,314
Other Employee Benefits$149,010$8,228-$157,238
Current Officers, Directors, Trustees, and Key Employees$107,932$35,977-$143,909
Payroll Taxes$93,971$5,998-$99,969
Occupancy$20,380$21,901-$42,281
Office Expenses$21,616$16,621-$38,237
Information Technology$30,363$2,140-$32,503
Travel$24,150--$24,150
Pension Plan Contributions$21,690$669-$22,359
Conferences and Meetings$15,147$4,259-$19,406
Insurance$1,998$9,792-$11,790
Fees for Services Accounting-$11,038-$11,038
Advertising$2,313$3,820-$6,133
Depreciation Depletion-$5,861-$5,861
Other Expenses$5,565$5,041-$5,565
Fees for Services Legal-$1,955-$1,955
Total Functional Expenses$2,235,851$174,603$0$2,410,454

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,410,454
Total Expenses per Audited Statements$2,410,454
Total Expenses per Form 990$2,410,454
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kid Logic LearningSouth Burlington, VT501c3Improve Quality$61,531
Northwestern Medical CenterSt Albans, VT-Increase Access$58,618
Stay & Play Daycare CenterLyndonville, VT-Increase Access$49,167
OAK HILL CHILDREN'S CENTERPownal, VT-Workforce Dev.$39,495
The Janet S Munt Family RoomBurlington, VT-Engage Families$36,593
Middlebury Community Music CenterMiddlebury, VT501c3Increase Access$25,869
Abc & Lol LLCSt Johnsbury, VT501c3Workforce Dev.$23,749
Lund Family Center IncSouth Burlington, VT501c3Workforce Dev.$21,874
Wonder in the WoodsEast Dummerston, VT501c3Workforce Dev.$17,811
Cabot Community Association IncCabot, VT501c3Workforce Dev.$16,874
Alburgh Family Clubhouse IncAlburgh, VT501c3Increase Access$12,015
Rutland Mental Health Services IncRutland, VT-Improve Quality$10,855
Leahy Center for Lake Champlain IncBurlington, VT501c3Increase Access$9,566
Vital PartnershipsShelburne, VT-Increase Access$7,649
Northshire Day SchoolManchester, VT501c3Increase Access$7,500
Evolution Prenatal & Family YogaBurlington, VT501c3Increase Access$6,449
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$20,580
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
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, Page 6, Part VI, Line 11B

The form 990 is reviewed by the finance manager, executive director and deputy director who then send it to be approved by the executive committee prior to its submission to the irs. The full sac board receives a copy of the 990 electronically once it has been submitted.

Form 990, Page 6, Part VI, Line 12C

The executive director and deputy director actively monitor the potential for conflicts of interest. If any conflicts are anticipated or found, report of the conflict(s) would be made to the executive committee and appropriate action would be taken.

Form 990, Page 6, Part VI, Line 15A

Salary is reviewed periodically by the executive committee. Adjustments are made when necessary and approved by the executive committee and the full sac board during the budgeting process.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Building Bright Futures
EIN
45-2392293
Phone
8028765010
Address
600 BLAIR PARK RD SUITE 160, WILLISTON, VT 05495

Signing Officer

Name
Morgan Crossman
Title
Executive Director
Phone
8028765010
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Morgan Crossman
Formed
2011
Legal Domicile
Vt
Voting Board Members
23
Independent Board Members
23
Employees
19
Volunteers
130

Preparer

Firm
Jmm & Associates Pc
Address
463 MOUNTAIN VIEW DR STE 403, COLCHESTER, VT 05446
Preparer
Randall L Sargent CPA
Phone
8026555665
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Bbf statewide structure and programs regional councils: bbf supports 12 regional councils that work locally to identify gaps, share best practices, strategize, and support response to community issues through their regional action plans. Regional councils also create community engagement opportunities to foster positive change for young children. Regional councils elevate local voice and advise the bbf state advisory council (sac) on local issues, needs, and bright spots to strengthen both local and state-wide early childhood systems. Vermont's early childhood action plan (ecap) & 7 aligned committees: bbf serves as steward of the ecap by convening partners to set annual priorities, monitoring progress, and reporting in a results based accountability format. The ecap represents our common goals for vermont's children and families, and creates a pathway for collective action and informing the sac. State advisory council (sac): the sac was created to advise the governor, administration and legislature on early care, health, and education. It brings together early childhood leaders and decision makers from across sectors for systems-level discussions on how to better coordinate and enhance services for young children. Vermont insights & how are vermont's young children and families (havyc) report: the goal of vermont insights (vi) and the report are to use the most up-to-date, high quality data to inform policy. Havyc is an annual publication of bbf that includes indicators of the well-being for children and families across vermont. Vi is an online interactive website where users can find and use data about the well-being of vermont's children, families and communities, including indicators from havyc.

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The council has agreed to act as the fiscal agent for the chittenden regional building bright futures council. The council does not consider the activity to be part of their operations.

Schedule D, Page 3, Part X

The organization believes it has appropriate support for any tax positions taken, and, as such, does not have any uncertain tax positions that are material to the financial statements.

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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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