Civic Intelligence

Vermont Day School Inc

990 • Fiscal year 2016 • EIN 47-2399104

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 11, 2017

6701 Shelburne RoadShelburne, VT 05482

(802) 495-5150

Siviq Scores

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

Liabilities / Assets

77th percentile

0.10x

Higher debt load relative to assets than 77% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

75th percentile

0.04x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

90th percentile

92%

Faster asset growth than 90% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

97th percentile

222%

Faster revenue growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$185,783

Up $88,860 (+92%) from 2015

Net Assets

$167,608

No earlier filing loaded for comparison.

Liabilities

Up

$18,175

Up $17,675 (+3535%) from 2015

Revenue

Up

$444,144

Up $306,222 (+222%) from 2015

Expenses

Up

$372,959

Up $331,460 (+799%) from 2015

Net Income

Down

$71,185

Down $25,238 (-26%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2015: $96,923Liabilities 2015: $5002015Assets 2016: $185,783Liabilities 2016: $18,175Net Assets 2016: $167,6082016Assets 2017: $190,095Liabilities 2017: $26,833Net Assets 2017: $163,2622017Assets 2018: $148,778Liabilities 2018: $46,995Net Assets 2018: $101,7832018Assets 2019: $267,465Liabilities 2019: $56,295Net Assets 2019: $211,1702019Assets 2020: $1,065,465Liabilities 2020: $192,330Net Assets 2020: $873,1352020Assets 2021: $1,012,952Liabilities 2021: $72,365Net Assets 2021: $940,5872021Assets 2022: $917,074Liabilities 2022: $86,333Net Assets 2022: $830,7412022Assets 2023: $873,909Liabilities 2023: $113,887Net Assets 2023: $760,0222023Assets 2024: $722,194Liabilities 2024: $39,728Net Assets 2024: $682,4662024Assets 2025: $603,210Liabilities 2025: $66,193Net Assets 2025: $537,0172025

Highlighted filing

2016

Assets$185,783
Liabilities$18,175
Net Assets$167,608

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2015: $137,922Expenses 2015: $41,499Net Income 2015: $96,4232015Revenue 2016: $444,144Expenses 2016: $372,959Net Income 2016: $71,1852016Revenue 2017: $421,340Expenses 2017: $425,686Net Income 2017: -$4,3462017Revenue 2018: $534,824Expenses 2018: $596,453Net Income 2018: -$61,6292018Revenue 2019: $830,699Expenses 2019: $721,312Net Income 2019: $109,3872019Revenue 2020: $1,571,901Expenses 2020: $909,936Net Income 2020: $661,9652020Revenue 2021: $1,145,047Expenses 2021: $1,077,595Net Income 2021: $67,4522021Revenue 2022: $1,104,253Expenses 2022: $1,214,099Net Income 2022: -$109,8462022Revenue 2023: $1,271,862Expenses 2023: $1,342,581Net Income 2023: -$70,7192023Revenue 2024: $1,401,331Expenses 2024: $1,478,887Net Income 2024: -$77,5562024Revenue 2025: $1,324,909Expenses 2025: $1,470,358Net Income 2025: -$145,4492025

Highlighted filing

2016

Revenue$444,144
Expenses$372,959
Net Income$71,185
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 11, 2017
Return Version
2015v3.0
Gross Receipts
$445,571
Mission and Program Overview

Mission

A K-8 independent school whose mission is to foster the skills, knowledge, personal

A K-8 independent school whose mission is to foster the skills, knowledge, personal attributes and work habits that enable children to thrive effectively, meaningfully, and joyfully in the world of today and tomorrow.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$96,423$167,608▲ $71,185
Land, Buildings, and Equipment, Net$52,457$114,167▲ $61,710
Savings and Temporary Cash Investments$22,480$35,022▲ $12,542
Cash and Non-Interest-Bearing Accounts$11,617$30,794▲ $19,177
Prepaid Expenses and Deferred Charges$4,819--
Pledges and Grants Receivable-$350-
Receivables From Officers Etc-$269-
Accounts Receivable$550$181▼ $369
Total Assets$96,923$185,783▲ $88,860
Other Assets Total$5,000$5,000→ $0
Liabilities
Deferred Revenue$500$18,175▲ $17,675
Total Liabilities$500$18,175▲ $17,675
Net Assets / Fund Balance
Total Net Assets Fund Balance$96,423$167,608▲ $71,185
Total Liabilities and Net Assets / Fund Balance$96,923$185,783▲ $88,860

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$78,043$5,339$83,382
Leasehold Improvements$28,264$7,481$35,745
Other Land Buildings$7,860$5,698$13,558
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ed WilkensChair
Russ KramerDirector
Sage BagnatoHead of School
Laurie BrownSecretary
Sarah ScrantonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$372,341
Program Service Revenue
$70,838
Investment Income
$14
Other Revenue
$951
All Other Contributions
$370,790
Change in Net Assets
$71,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$211,940
Other Expenses$161,019
Total Fundraising Expense$9,642
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$143,180$28,998$7,280$179,458
Occupancy$54,610$13,177$1,383$69,170
Office Expenses$23,912$11,469$298$35,679
Payroll Taxes$13,619$2,879$681$17,179
Depreciation Depletion$11,481$4,563$0$16,044
Other Employee Benefits$15,199$104$0$15,303
Information Technology$1,168$5,797$0$6,965
Fees for Services Other$4,784$1,975$0$6,759
Insurance$4,425$2,324$0$6,749
Advertising$6,422$189$0$6,611
Fees for Services Accounting$0$5,387$0$5,387
All Other Expenses$2,329$1,814$0$4,143
Fees for Services Legal$0$2,987$0$2,987
Conferences and Meetings$525$0$0$525
Total Functional Expenses$281,654$81,663$9,642$372,959
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,378
Fundraising Direct Expenses$1,427
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$269-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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
Filing and Contact Details

Filer

Filer Name
Vermont Day School Inc
EIN
47-2399104
Phone
8024955150
Address
6701 Shelburne Road, Shelburne, VT 05482

Signing Officer

Name
Sage Bagnato
Title
Head of School
Phone
8024955150
Signed
2017-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sage Bagnato
Formed
2014
Legal Domicile
Vt
Voting Board Members
4
Independent Board Members
4
Employees
10
Volunteers
34

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 8B

There are no committees that act on behalf of the governing board.

Pt VI, Line 11B

The 990 is prepared by our accountant and reviewed by Head of of School. A copy of the 990 is circulated to the Board for any questions or comments prior to filing the return.

Pt VI, Line 18

Paper or electronic copies of forms are made available to the public upon request.

Pt VI, Line 19

The organization's governing documents and conflict of interest policy are available to the public upon request.

Form 990EZ, Part I, Line 16

Information technology

Form 990EZ, Part I, Line 16

Insurance

Form 990EZ, Part I, Line 16

Advertising & promotion

Form 990EZ, Part I, Line 16

Office expenses

Form 990EZ, Part I, Line 16

Program expenses

Form 990EZ, Part I, Line 16

Fees and dues

Form 990EZ, Part II, Line 24

Property & equipment, net of accumulated depreciation 52457.

Form 990EZ, Part II, Line 24

Accounts receivable 550.

Form 990EZ, Part II, Line 24

Prepaid expenses 4819.

Form 990EZ, Part II, Line 24

Security deposit 5000.

Form 990EZ, Part II, Line 26

Student deposit 500.

Raw XML Appendix394 raw XML fields

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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IRS990/Desc0VERMONT DAY SCHOOL BEGAN ITS INAUGURAL SCHOOL YEAR ON AUGUST 26, 2015. OVERALL, IT WAS A HIGHLY SUCCESSFUL YEAR. IN AUGUST, WE STARTED WITH 12 STUDENTS ENROLLED IN OUR K-4 CLASSROOMS; BY YEAR'S END, TOTAL ENROLLMENT WAS 15 STUDENTS. OUR FACULTY AND STAFF CONSISTED OF 3 FULL- AND PART TIME ADMINISTRATORS, AND 7 FULL- AND PART TIME TEACHERS.
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WE PUBLISHED OUR NOTICE OF NONDISCRIMINATORY POLICY IN OUR OCTOBER ADVERTISEMENT IN THE KIDS VT NEWSPAPER. IN ADDITION OUR NONDISCRIMINATORY POLICY IS STATED CLEARLY ON OUR DIGITAL AND PRINTED APPLICATION FORM FOR ADMISSIONS. THE DIGITAL APPLICATION IS AVAILABLE ON OUR WEBSITE. THE PRINTED APPLICATION IS DISTRIBUTED AS PART OF OUR ADMISSIONS FOLDER TO PROSPECTIVE FAMILIES THAT VISIT THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0269
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Personal use
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0269
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0SAGE BAGNATO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Head of School
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt0269
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no committees that act on behalf of the governing board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 is prepared by our accountant and reviewed by Head of of School. A copy of the 990 is circulated to the Board for any questions or comments prior to filing the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Paper or electronic copies of forms are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization's governing documents and conflict of interest policy are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Information technology
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Insurance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Advertising & promotion
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Office expenses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Program expenses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Fees and dues
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Property & equipment, net of accumulated depreciation 52457.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Accounts receivable 550.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Prepaid expenses 4819.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Security deposit 5000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Student deposit 500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part II, Line 26
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt096923
IRS990/TotalAssetsEOYAmt0185783
IRS990/TotalAssetsGrp/BOYAmt096923
IRS990/TotalAssetsGrp/EOYAmt0185783
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0372341
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09642
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt081663
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0281654
IRS990/TotalFunctionalExpensesGrp/TotalAmt0372959
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0500
IRS990/TotalLiabilitiesEOYAmt018175
IRS990/TotalLiabilitiesGrp/BOYAmt0500
IRS990/TotalLiabilitiesGrp/EOYAmt018175
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt096423
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0167608
IRS990/TotalProgramServiceExpensesAmt0281654
IRS990/TotalProgramServiceRevenueAmt070838
IRS990/TotalRevenueGrp/ExclusionAmt0965
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt070838
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0444144
IRS990/TotalVolunteersCnt034
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt096923
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0185783
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06701 Shelburne Road
IRS990/USAddress/CityNm0Shelburne
IRS990/USAddress/StateAbbreviationCd0VT
IRS990/USAddress/ZIPCd005482
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0vtdayschool.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SAGE BAGNATO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum08024955150
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Vermont Day School Inc
ReturnHeader/Filer/BusinessNameControlTxt0VERM
ReturnHeader/Filer/EIN0472399104
ReturnHeader/Filer/PhoneNum08024955150
ReturnHeader/Filer/USAddress/AddressLine1Txt06701 Shelburne Road
ReturnHeader/Filer/USAddress/CityNm0Shelburne
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005482
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Tapia & Huckabay PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 38
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Vergennes
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005491
ReturnHeader/PreparerPersonGrp/PhoneNum08028707086
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM S HUCKABAY CPA
ReturnHeader/ReturnTs02017-02-14T09:12:19-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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