Civic Intelligence

Vbr Research and Education Foundation Inc.

990 • Fiscal year 2020 • EIN 46-0716588

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 13, 2021

30 Kimball AvenueSouth Burlington, VT 05403

(802) 865-0410

Siviq Scores

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

Liabilities / Assets

50th percentile

0.05x

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

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

Liabilities / Revenue

61st percentile

0.12x

Higher debt load relative to revenue than 61% of similar nonprofits.

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

Net Margin

78th percentile

28%

Higher net margin than 78% of similar nonprofits.

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

Top Officer Pay

97th percentile

$239,407

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 80.5% of source-year revenue.

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

Asset Growth

23rd percentile

-3.4%

Faster asset growth than 23% of similar nonprofits.

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

Revenue Growth

96th percentile

204%

Faster revenue growth than 96% of similar nonprofits.

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

Assets

Down

$801,933

Down $28,089 (-3.4%) from 2019

Net Assets

Up

$764,783

Up $26,536 (+3.6%) from 2019

Liabilities

Down

$37,150

Down $54,625 (-60%) from 2019

Revenue

Up

$297,217

Up $199,364 (+204%) from 2019

Expenses

Down

$213,341

Down $5,524 (-2.5%) from 2019

Net Income

Up

$83,876

Up $204,888 (+169%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2013: $612,577Liabilities 2013: $12,001Net Assets 2013: $600,5762013Assets 2014: $668,529Liabilities 2014: $4,5222014Assets 2015: $577,022Liabilities 2015: $8,234Net Assets 2015: $568,7882015Assets 2016: $579,888Liabilities 2016: $0Net Assets 2016: $579,8882016Assets 2017: $793,345Liabilities 2017: $0Net Assets 2017: $793,3452017Assets 2018: $822,717Liabilities 2018: $39,325Net Assets 2018: $783,3922018Assets 2019: $830,022Liabilities 2019: $91,775Net Assets 2019: $738,2472019Assets 2020: $801,933Liabilities 2020: $37,150Net Assets 2020: $764,7832020Assets 2021: $991,054Liabilities 2021: $51,827Net Assets 2021: $939,2272021Assets 2022: $745,926Liabilities 2022: $41,244Net Assets 2022: $704,6822022Assets 2023: $781,108Liabilities 2023: $71,271Net Assets 2023: $709,8372023Assets 2024: $800,955Liabilities 2024: $40,838Net Assets 2024: $760,1172024

Highlighted filing

2020

Assets$801,933
Liabilities$37,150
Net Assets$764,783

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $786,643Expenses 2013: $199,732Net Income 2013: $586,9112013Revenue 2014: $284,013Expenses 2014: $184,761Net Income 2014: $99,2522014Revenue 2015: $70,016Expenses 2015: $160,467Net Income 2015: -$90,4512015Revenue 2016: $20,476Expenses 2016: $38,784Net Income 2016: -$18,3082016Revenue 2017: $201,314Expenses 2017: $23,252Net Income 2017: $178,0622017Revenue 2018: $216,884Expenses 2018: $188,973Net Income 2018: $27,9112018Revenue 2019: $97,853Expenses 2019: $218,865Net Income 2019: -$121,0122019Revenue 2020: $297,217Expenses 2020: $213,341Net Income 2020: $83,8762020Revenue 2021: $335,823Expenses 2021: $221,467Net Income 2021: $114,3562021Revenue 2022: $116,901Expenses 2022: $239,516Net Income 2022: -$122,6152022Revenue 2023: $351,699Expenses 2023: $366,612Net Income 2023: -$14,9132023Revenue 2024: $445,559Expenses 2024: $436,722Net Income 2024: $8,8372024

Highlighted filing

2020

Revenue$297,217
Expenses$213,341
Net Income$83,876
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 13, 2021
Return Version
2020v4.1
Gross Receipts
$620,092
Mission and Program Overview

Mission

The organization is dedicated to improving outcomes from education and social services for children ages prenatal to 22, and ensuring sustainable funding, cost containment and accountability of taxpayer dollars.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$648,365$651,842▲ $3,477
Pledges and Grants Receivable$135,442$81,578▼ $53,864
Cash and Non-Interest-Bearing Accounts$46,215$68,513▲ $22,298
Total Assets$830,022$801,933▼ $28,089
Liabilities
Deferred Revenue$75,000--
Accounts Payable and Accrued Expenses$16,775$37,150▲ $20,375
Total Liabilities$91,775$37,150▼ $54,625
Net Assets / Fund Balance
Net Assets With Donor Restrictions$685,911$709,449▲ $23,538
Net Assets Without Donor Restrictions$52,336$55,334▲ $2,998
Total Net Assets Fund Balance$738,247$764,783▲ $26,536
Total Liabilities and Net Assets / Fund Balance$830,022$801,933▼ $28,089
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Mary SheahanExecutive DirectorFT$138,173$138,173

Board Members and Trustees

NameTitle
Larry WilliamsChair
Dimitri GarderDirector
Walter FrameDirector
Lisa M VentrissSecretary
Meg FlemingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$254,595
Program Service Revenue
$0
Investment Income
$39,622
Other Revenue
$3,000
All Other Contributions
$254,595
Change in Net Assets
$83,876

Audited Revenue Reconciliation

Revenue per Audited Statements
$290,914
Revenue Not Reported on Financial Statements
$6,303
Revenue Not Reported on Form 990
$15,660
Total Revenue per Audited Statements
$306,574
Total Revenue per Form 990
$297,217
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$154,477
Other Expenses$35,364
Grants and Similar Amounts Paid$23,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$98,677$17,414-$116,091
Other Employee Benefits$25,346$4,473-$29,819
Grants to Domestic Individuals$23,500--$23,500
Fees for Services Accounting-$10,909-$10,909
Payroll Taxes$7,282$1,285-$8,567
Fees for Service Investment Mgmnt Fees-$6,303-$6,303
Office Expenses$2,372$419-$2,791
Other Expenses$1,331$235-$1,566
Travel$1,199$212-$1,411
Total Functional Expenses$170,233$43,108$0$213,341

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$229,038
Total Expenses per Form 990$213,341
Expenses per Audited Statements$207,038
Expenses Not Reported on Form 990$22,000
Expenses Not Reported on Financial Statements$6,303
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
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Vbr research and edu fund vermont business roundtable chair director serves on both boards vbr research and edu fund vermont business roundtable secretary president serves on both boards vbr research and edu fund vermont business roundtable treasurer director serves on both boards

Form 990, Part VI, Section B, Line 11B

All three officers have the opportunity to review and give input prior to filing the 990.

Form 990, Part VI, Section C, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Vbr Research and Education
EIN
46-0716588
Phone
8028650410
Address
30 KIMBALL AVENUE, SOUTH BURLINGTON, VT 05403

Signing Officer

Name
Seth E Bowden
Title
President
Phone
8028650410
Signed
2021-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Seth E Bowden
Formed
2012
Legal Domicile
Vt
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Mcsoley Mccoy & Co
Address
118 TILLEY DRIVE STE 202, SOUTH BURLINGTON, VT 05403
Preparer
Connie Fellion
Phone
8026581808
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

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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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt06303
IRS990ScheduleD/ExpensesSubtotalAmt0207038
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt06303
IRS990ScheduleD/InvestmentExpensesNotIncldAmt06303
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-6340
IRS990ScheduleD/RevenueNotReportedAmt015660
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt06303
IRS990ScheduleD/RevenueSubtotalAmt0290914
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0213341
IRS990ScheduleD/TotalRevenuePerForm990Amt0297217
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0306574
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0229038
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt023500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0STUDENTS APPLY FOR ASSISTANCE THROUGH THE VERMONT STUDENT ASSISTANCE CORPORATION (VSAC). SCHOLARSHIPS ARE MAILED DIRECTLY TO THE COLLEGE ATTENDED AFTER ENROLLMENT HAS BEEN VERIFIED. GRANTS TO OTHER ORGANIZATIONS ARE MADE ONLY TO 501(C)(3) ORGANIZATIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt020000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0191228
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt021123
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt07056
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LISA M VENTRISS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0239407
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VBR RESEARCH AND EDU FUND VERMONT BUSINESS ROUNDTABLE CHAIR DIRECTOR SERVES ON BOTH BOARDS VBR RESEARCH AND EDU FUND VERMONT BUSINESS ROUNDTABLE SECRETARY PRESIDENT SERVES ON BOTH BOARDS VBR RESEARCH AND EDU FUND VERMONT BUSINESS ROUNDTABLE TREASURER DIRECTOR SERVES ON BOTH BOARDS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL THREE OFFICERS HAVE THE OPPORTUNITY TO REVIEW AND GIVE INPUT PRIOR TO FILING THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0VERMONT BUSINESS ROUNDTABLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0222867726
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt030 KIMBALL AVENUE SUITE 300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SOUTH BURLINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd005403
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt022000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1154372
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt236115
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV (DONATED)
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2AMOUNT PAYABLE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0VERMONT BUSINESS ROUNDTABLE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1VERMONT BUSINESS ROUNDTABLE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2VERMONT BUSINESS ROUNDTABLE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0830022
IRS990/TotalAssetsEOYAmt0801933
IRS990/TotalAssetsGrp/BOYAmt0830022
IRS990/TotalAssetsGrp/EOYAmt0801933
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0254595
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043108
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0170233
IRS990/TotalFunctionalExpensesGrp/TotalAmt0213341
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt091775
IRS990/TotalLiabilitiesEOYAmt037150
IRS990/TotalLiabilitiesGrp/BOYAmt091775
IRS990/TotalLiabilitiesGrp/EOYAmt037150
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0738247
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0764783
IRS990/TotalOtherCompensationAmt049539
IRS990/TotalProgramServiceExpensesAmt0170233
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt039622
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0297217
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

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