Civic Intelligence

Vermont Day School Inc

990 • Fiscal year 2017 • EIN 47-2399104

Jul 01, 2016 to Jun 30, 2017 • Filed on May 08, 2018

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

80th percentile

0.14x

Higher debt load relative to assets than 80% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

79th percentile

0.06x

Higher debt load relative to revenue than 79% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

38th percentile

-1.0%

Higher net margin than 38% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$633

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

50th percentile

2.3%

Faster asset growth than 50% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

40th percentile

-5.1%

Faster revenue growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$190,095

Up $4,312 (+2.3%) from 2016

Net Assets

Down

$163,262

Down $4,346 (-2.6%) from 2016

Liabilities

Up

$26,833

Up $8,658 (+48%) from 2016

Revenue

Down

$421,340

Down $22,804 (-5.1%) from 2016

Expenses

Up

$425,686

Up $52,727 (+14%) from 2016

Net Income

Down

-$4,346

Down $75,531 (-106%) from 2016

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

2017

Assets$190,095
Liabilities$26,833
Net Assets$163,262

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

2017

Revenue$421,340
Expenses$425,686
Net Income-$4,346
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 8, 2018
Return Version
2016v3.0
Gross Receipts
$477,388
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$167,608$163,262▼ $4,346
Land, Buildings, and Equipment, Net$114,167$114,973▲ $806
Cash and Non-Interest-Bearing Accounts$30,794$55,823▲ $25,029
Savings and Temporary Cash Investments$35,022$7,940▼ $27,082
Accounts Receivable$181$6,090▲ $5,909
Pledges and Grants Receivable$350--
Receivables From Officers Etc$269$269→ $0
Total Assets$185,783$190,095▲ $4,312
Other Assets Total$5,000$5,000→ $0
Liabilities
Deferred Revenue$18,175$26,177▲ $8,002
Accounts Payable and Accrued Expenses-$656-
Total Liabilities$18,175$26,833▲ $8,658
Net Assets / Fund Balance
Total Net Assets Fund Balance$167,608$163,262▼ $4,346
Total Liabilities and Net Assets / Fund Balance$185,783$190,095▲ $4,312

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$75,342$14,675$90,017
Leasehold Improvements$33,612$15,580$49,192
Other Land Buildings$6,019$10,151$16,170
Compensation and Service Providers

Employees

NameTitleBaseTotal
Elizabeth ScatchardDirector$633$633

Board Members and Trustees

NameTitle
Ed WilkensChair
Doug WebsterDirector
Sage BagnatoHead of School
Laurie BrownSecretary
Sarah ScrantonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$200,335
Program Service Revenue
$220,162
Investment Income
$13
Other Revenue
$830
All Other Contributions
$195,865
Change in Net Assets
$-4,346

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$51,605Market value
Total Noncash Contributions1$51,605-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$262,241
Other Expenses$163,445
Total Fundraising Expense$3,936
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$164,361$51,867$2,730$218,958
Occupancy$58,036$14,957$0$72,993
Office Expenses$18,536$8,882$0$27,418
Depreciation Depletion$17,510$4,378$0$21,888
Other Employee Benefits$21,794$0$0$21,794
Payroll Taxes$15,545$4,773$251$20,569
Advertising$7,009$360$955$8,324
Insurance$5,701$1,852$0$7,553
Fees for Services Other$3,176$3,777$0$6,953
Travel$6,064$20$0$6,084
All Other Expenses$3,993$1,577$0$5,570
Information Technology$2,542$598$0$3,140
Fees for Services Accounting$0$2,850$0$2,850
Current Officers, Directors, Trustees, and Key Employees$920$0$0$920
Fees for Services Legal$0$672$0$672
Total Functional Expenses$325,187$96,563$3,936$425,686
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,744
Fundraising Direct Expenses$2,301
Gaming Direct Expenses$1,134
Gaming Gross Income$617
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$269→ $0
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
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sage Bagnato
Formed
2014
Legal Domicile
Vt
Voting Board Members
6
Independent Board Members
6
Employees
13
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 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

Form 990EZ, Part II, Line 24

Accounts receivable

Form 990EZ, Part II, Line 24

Prepaid expenses

Form 990EZ, Part II, Line 24

Security deposit

Form 990EZ, Part II, Line 26

Student deposit

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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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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0220162
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0167608
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0163262
IRS990/SavingsAndTempCashInvstGrp/BOYAmt035022
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07940
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt075342
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014675
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt090017
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt033612
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt015580
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt049192
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06019
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010151
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016170
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0114973
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
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
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0Market value
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt051605
IRS990ScheduleM/ThirdPartiesUsedInd0false
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 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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Accounts receivable
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Prepaid expenses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Security deposit
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Student deposit
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/TotalAssetsBOYAmt0185783
IRS990/TotalAssetsEOYAmt0190095
IRS990/TotalAssetsGrp/BOYAmt0185783
IRS990/TotalAssetsGrp/EOYAmt0190095
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0200335
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03936
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt096563
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0325187
IRS990/TotalFunctionalExpensesGrp/TotalAmt0425686
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018175
IRS990/TotalLiabilitiesEOYAmt026833
IRS990/TotalLiabilitiesGrp/BOYAmt018175
IRS990/TotalLiabilitiesGrp/EOYAmt026833
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0167608
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0163262
IRS990/TotalProgramServiceExpensesAmt0325187
IRS990/TotalProgramServiceRevenueAmt0220162
IRS990/TotalReportableCompFromOrgAmt0633
IRS990/TotalRevenueGrp/ExclusionAmt0939
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0220066
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0421340
IRS990/TotalVolunteersCnt034
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0185783
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0190095
IRS990/TransactionWithControlEntInd0false

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