Civic Intelligence

Building Bright Futures State Council Inc.

990 • Fiscal year 2020 • EIN 45-2392293

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 16, 2021

600 Blair Park Rd Suite 160Williston, VT 05495

(802) 876-5010

Siviq Scores

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

Liabilities / Assets

78th percentile

0.35x

Higher debt load relative to assets than 78% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

57th percentile

0.10x

Higher debt load relative to revenue than 57% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

16th percentile

-21%

Higher net margin than 16% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

78th percentile

$74,217

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

4th percentile

-34%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-43%

Faster revenue growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$258,878

Down $133,720 (-34%) from 2019

Net Assets

Down

$168,933

Down $197,873 (-54%) from 2019

Liabilities

Up

$89,945

Up $64,153 (+249%) from 2019

Revenue

Down

$942,640

Down $700,341 (-43%) from 2019

Expenses

Down

$1,140,513

Down $464,079 (-29%) from 2019

Net Income

Down

-$197,873

Down $236,262 (-615%) from 2019

Historical Trend

Balance Sheet Trend

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

$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

2020

Assets$258,878
Liabilities$89,945
Net Assets$168,933

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$942,640
Expenses$1,140,513
Net Income-$197,873
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 16, 2021
Return Version
2019v5.0
Gross Receipts
$942,640
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
Pledges and Grants Receivable$97,384$210,028▲ $112,644
Savings and Temporary Cash Investments$259,591$30,211▼ $229,380
Land, Buildings, and Equipment, Net$32,123$15,139▼ $16,984
Total Assets$392,598$258,878▼ $133,720
Other Assets Total$3,500$3,500→ $0
Liabilities
Accounts Payable and Accrued Expenses$24,042$88,195▲ $64,153
Escrow Account Liability$1,750$1,750→ $0
Total Liabilities$25,792$89,945▲ $64,153
Net Assets / Fund Balance
Net Assets With Donor Restrictions$194,000$135,000▼ $59,000
Net Assets Without Donor Restrictions$172,806$33,933▼ $138,873
Total Net Assets Fund Balance$366,806$168,933▼ $197,873
Total Liabilities and Net Assets / Fund Balance$392,598$258,878▼ $133,720

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,139$47,004$62,143
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Morgan CrossmanExecutive DiFT$55,545$18,672$74,217

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$929,115
Program Service Revenue
$0
Investment Income
$50
Other Revenue
$13,475
All Other Contributions
$191,878
Change in Net Assets
$-197,873

Audited Revenue Reconciliation

Revenue per Audited Statements
$942,640
Total Revenue per Audited Statements
$942,640
Total Revenue per Form 990
$942,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$840,093
Other Expenses$300,420
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$587,261$23,307-$610,568
Current Officers, Directors, Trustees, and Key Employees$103,078$11,453-$114,531
Fees for Services Other$98,122--$98,122
Payroll Taxes$61,535$3,001-$64,536
Other Employee Benefits$49,157$1,301-$50,458
Occupancy$31,475$4,997-$36,472
Travel$25,822--$25,822
Office Expenses$17,588--$17,588
Depreciation Depletion-$16,985-$16,985
Information Technology$16,575--$16,575
Fees for Services Accounting-$8,900-$8,900
Conferences and Meetings$8,525--$8,525
Other Expenses$7,894--$7,894
Insurance-$6,982-$6,982
Advertising$3,796--$3,796
Total Functional Expenses$1,063,587$76,926$0$1,140,513

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,140,513
Total Expenses per Audited Statements$1,140,513
Total Expenses per Form 990$1,140,513
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
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 and approved by the executive committee and the full sac board prior to submission to the irs.

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

Each council member receives annual conflict of interest training information. Bbf state advisory council (sac) members recuse themselves whenever there is a vote or item for discussion where there is a perceived or real conflict of interest. The members reinforce and uphold the standards of bbf's conflict of interest policy within the sac.

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
2021-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Morgan Crossman
Formed
2011
Legal Domicile
Vt
Voting Board Members
17
Independent Board Members
17
Employees
16
Volunteers
130

Preparer

Firm
Jmm & Associates Pc
Address
336 WATER TOWER CIR STE 801, 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 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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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