Civic Intelligence

Vermont Humanities Council

990 • Fiscal year 2017 • EIN 51-0187809

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 16, 2018

11 Loomis StreetMontpelier, VT 05602

(802) 262-2626

Siviq Scores

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

Liabilities / Assets

37th percentile

0.03x

Higher debt load relative to assets than 37% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

41st percentile

0.06x

Higher debt load relative to revenue than 41% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

53rd percentile

4.0%

Higher net margin than 53% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

75th percentile

$115,950

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

63rd percentile

7.8%

Faster asset growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

52nd percentile

5.2%

Faster revenue growth than 52% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,352,174

Up $170,624 (+7.8%) from 2016

Net Assets

Up

$2,270,015

Up $179,423 (+8.6%) from 2016

Liabilities

Down

$82,159

Down $8,799 (-9.7%) from 2016

Revenue

Up

$1,360,907

Up $67,420 (+5.2%) from 2016

Expenses

Up

$1,306,848

Up $4,242 (+0.3%) from 2016

Net Income

Up

$54,059

Up $63,178 (+693%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,059,027Liabilities 2011: $90,441Net Assets 2011: $1,968,5862011Assets 2012: $2,021,493Liabilities 2012: $104,268Net Assets 2012: $1,917,2252012Assets 2013: $2,040,939Liabilities 2013: $111,796Net Assets 2013: $1,929,1432013Assets 2014: $2,120,300Liabilities 2014: $67,516Net Assets 2014: $2,052,7842014Assets 2015: $2,135,055Liabilities 2015: $90,760Net Assets 2015: $2,044,2952015Assets 2016: $2,181,550Liabilities 2016: $90,958Net Assets 2016: $2,090,5922016Assets 2017: $2,352,174Liabilities 2017: $82,159Net Assets 2017: $2,270,0152017Assets 2018: $2,377,986Liabilities 2018: $77,884Net Assets 2018: $2,300,1022018Assets 2019: $2,494,350Liabilities 2019: $131,272Net Assets 2019: $2,363,0782019Assets 2020: $3,049,401Liabilities 2020: $104,616Net Assets 2020: $2,944,7852020Assets 2021: $3,523,596Liabilities 2021: $76,951Net Assets 2021: $3,446,6452021Assets 2022: $3,356,321Liabilities 2022: $112,277Net Assets 2022: $3,244,0442022Assets 2023: $3,301,935Liabilities 2023: $208,084Net Assets 2023: $3,093,8512023Assets 2024: $3,178,214Liabilities 2024: $93,672Net Assets 2024: $3,084,5422024

Highlighted filing

2017

Assets$2,352,174
Liabilities$82,159
Net Assets$2,270,015

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,313,818Expenses 2011: $1,177,569Net Income 2011: $136,2492011Revenue 2012: $1,112,632Expenses 2012: $1,254,325Net Income 2012: -$141,6932012Revenue 2013: $1,142,265Expenses 2013: $1,224,806Net Income 2013: -$82,5412013Revenue 2014: $1,394,455Expenses 2014: $1,291,041Net Income 2014: $103,4142014Revenue 2015: $1,319,257Expenses 2015: $1,253,118Net Income 2015: $66,1392015Revenue 2016: $1,293,487Expenses 2016: $1,302,606Net Income 2016: -$9,1192016Revenue 2017: $1,360,907Expenses 2017: $1,306,848Net Income 2017: $54,0592017Revenue 2018: $1,565,700Expenses 2018: $1,430,466Net Income 2018: $135,2342018Revenue 2019: $1,475,847Expenses 2019: $1,561,119Net Income 2019: -$85,2722019Revenue 2020: $1,997,823Expenses 2020: $1,579,879Net Income 2020: $417,9442020Revenue 2021: $2,606,511Expenses 2021: $1,881,252Net Income 2021: $725,2592021Revenue 2022: $1,880,483Expenses 2022: $1,801,947Net Income 2022: $78,5362022Revenue 2023: $1,994,159Expenses 2023: $2,347,925Net Income 2023: -$353,7662023Revenue 2024: $2,227,967Expenses 2024: $2,289,751Net Income 2024: -$61,7842024

Highlighted filing

2017

Revenue$1,360,907
Expenses$1,306,848
Net Income$54,059
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 16, 2018
Return Version
2017v2.3
Gross Receipts
$1,360,907
Mission and Program Overview

Mission

Vermont humanities council has organized its activities around a mission statement which stresses that the humanities are critically important to the lives of individual vermonters and to society as a whole. The council strives to make vermont a state in which every individual reads, participates in public affairs, and continues to learn throughout life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,146,054$1,314,747▲ $168,693
Land, Buildings, and Equipment, Net$341,233$318,605▼ $22,628
Savings and Temporary Cash Investments$286,919$287,327▲ $408
Pledges and Grants Receivable$269,124$232,802▼ $36,322
Cash and Non-Interest-Bearing Accounts$126,329$186,032▲ $59,703
Inventories for Sale or Use$8,264$10,211▲ $1,947
Accounts Receivable$3,627$2,450▼ $1,177
Total Assets$2,181,550$2,352,174▲ $170,624
Liabilities
Accounts Payable and Accrued Expenses$74,058$64,059▼ $9,999
Grants Payable$16,900$18,100▲ $1,200
Total Liabilities$90,958$82,159▼ $8,799
Net Assets / Fund Balance
Unrestricted Net Assets$1,849,899$2,024,770▲ $174,871
Temporarily Rstr Net Assets$162,951$167,503▲ $4,552
Permanently Rstr Net Assets$77,742$77,742→ $0
Total Net Assets Fund Balance$2,090,592$2,270,015▲ $179,423
Total Liabilities and Net Assets / Fund Balance$2,181,550$2,352,174▲ $170,624

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$216,800$397,548$614,348
Land$85,000-$85,000
Equipment$13,177$29,886$43,063
Other Land Buildings$3,628$12,840$16,468
Other Securities$251,638--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$77,742---$77,742
2016$77,742---$77,742
2015$77,742---$77,742
2014$77,742---$77,742
2013$77,742---$77,742
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Peter GilbertExecutive DirectorFT$115,950$115,950

Board Members and Trustees

NameTitle
Rolf DiamantChair
Mary OttoVice Chair
Ben DoyleDirector
Carole GaddisDirector
Chris HadselDirector
Christopher Kaufman IlstrupDirector
David MoatsDirector
David NicholsDirector
Geoffrey SewakeDirector
Huck GutmanDirector
Jane BeckDirector
Joy FacosDirector
Kathleen KelleherDirector
Katy Smith AbbottDirector
Randall BalmerDirector
Robert WellsDirector
Todd DalozDirector
Sarah DoppSecretary
Jim AlicTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,226,529
Program Service Revenue
$77,890
Investment Income
$53,144
Other Revenue
$3,344
All Other Contributions
$387,550
Change in Net Assets
$54,059

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,350,483
Revenue Not Reported on Financial Statements
$10,424
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,350,483
Total Revenue per Form 990
$1,360,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$669,649
Other Expenses$549,472
Total Fundraising Expense$134,145
Grants and Similar Amounts Paid$87,727
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$243,896$91,019$68,704$403,619
Current Officers, Directors, Trustees, and Key Employees$70,730$25,509$19,711$115,950
Other Employee Benefits$65,103$21,367$15,807$102,277
Grants to Domestic Orgs$87,727--$87,727
Fees for Services Other$55,079$20,253$1,558$76,890
Payroll Taxes$30,429$9,987$7,387$47,803
Conferences and Meetings$38,153$2,068-$40,221
Depreciation Depletion-$36,923-$36,923
All Other Expenses$19,536$7,647$4,523$31,706
Travel$24,824$3,071$2,060$29,955
Other Expenses$18,876$1,610$5,761$26,247
Occupancy$17,753$1,939$714$20,406
Fees for Service Investment Mgmnt Fees-$10,424-$10,424
Office Expenses$3,773$1,258$629$5,660
Total Functional Expenses$937,071$235,632$134,145$1,306,848

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,306,848
Expenses per Audited Statements$1,296,424
Total Expenses per Audited Statements$1,296,424
Expenses Not Reported on Financial Statements$10,424
Expenses Not Reported on Form 990$0
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
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11B

The council's form 990 is provided to the audit committee of the board of directors. This committee reviews and approves the return prior to filing.

Form 990, Part VI, Section B, Line 12C

The council requires its board members to evaluate and disclose annually any relationships that may lead to a conflict of interest. The potential for conflict of interest is also reviewed during the hiring and grant awarding processes.

Form 990, Part VI, Section B, Line 15

The board uses salary survey data to determine appropriate salary ranges. All compensation decisions require the approval by vote of the board of directors. Minutes are kept for the meetings of the board of directors.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Vermont Humanities Council
EIN
51-0187809
Phone
8022622626
Address
11 LOOMIS STREET, MONTPELIER, VT 05602

Signing Officer

Name
Peter Gilbert
Title
Executive Director
Phone
8022622626
Signed
2018-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Gilbert
Formed
1975
Legal Domicile
Vt
Voting Board Members
19
Independent Board Members
19
Employees
24
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:

Fasb asc 740, income taxes, requires entities to disclose in their financial statements the nature of any uncertainty in their tax positions. For tax exempt entities, tax-exempt status itself is deemed to be an uncertainty, as events could potentially occur to jeopardize their tax-exempt status. Management believes the council has no uncertain tax positions. The council anticipates that it will not have a change in uncertain tax positions during the next twelve months that would have a material impact on the council's financial statements. If necessary, the council would accrue interest and penalties on uncertain tax positions as a component of the provision for income taxes. The council is no longer subject to federal and state income tax examinations by tax authorities for years before 2014.

Part V, Line 4

To provide for the long-term financial stability of the council

PART X, LINE 2:

The council received notice from the internal revenue service on august 24, 1976 that it is exempt from federal income tax as a public charity under section 501(c)(3) of the internal revenue code (the code). The council would be subject to tax on income unrelated to its exempt purposes (unless that income is otherwise excluded by the code). The tax years ending december 2016, 2015 and 2014 are still open for audit for both federal and state purposes. Contributions to the council are tax deductible to donors under section 170 of the code. The council is not classified as a private foundation.

Raw XML AppendixShowing 400 of 571 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/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19115950
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DIRECTOR
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0VERMONT HUMANITIES COUNCIL HAS ORGANIZED ITS ACTIVITIES AROUND A MISSION STATEMENT WHICH STRESSES THAT THE HUMANITIES ARE CRITICALLY IMPORTANT TO THE LIVES OF INDIVIDUAL VERMONTERS AND TO SOCIETY AS A WHOLE. THE COUNCIL STRIVES TO MAKE VERMONT A STATE IN WHICH EVERY INDIVIDUAL READS, PARTICIPATES IN PUBLIC AFFAIRS, AND CONTINUES TO LEARN THROUGHOUT LIFE.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NondeductibleContributionsInd00
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IRS990/OfficeExpensesGrp/ProgramServicesAmt03773
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt021367
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt065103
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IRS990/OtherExpensesGrp/Desc0HONORARIA AND SCHOLARS
IRS990/OtherExpensesGrp/Desc1BOOKS, TAPES AND VIDEOS
IRS990/OtherExpensesGrp/Desc2PRINTING AND PUBLICATIO
IRS990/OtherExpensesGrp/Desc3POSTAGE AND SHIPPING
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IRS990/OtherExpensesGrp/FundraisingAmt25761
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IRS990/OtherExpensesGrp/ProgramServicesAmt238485
IRS990/OtherExpensesGrp/ProgramServicesAmt318876
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IRS990/ProgSrvcAccomActy2Grp/Desc0HUMANITIES-BASED LITERACY PROGRAMS - VARIETY OF PROGRAMS TO PROMOTE LITERACY IN VERMONT. "NEVER TOO EARLY" IS A PROFESSIONAL, DEVELOPMENT OPPORTUNITY OFFERING EARLY LITERACY WORKSHOPS FOR CHILDCARE PROVIDERS, AS WELL AS FAMILY LITERACY TRAININGS FOR PARENTS. "CONNECTIONS": IS A SCHOOL OF VERMONT, THE VERMONT DEPARTMENT OF CORRECTIONS, AND COMMUNITY ORGANIZATIONS. HUMANITIES CAMPS ARE WEEK-LONG SUMMER DAY CAMPS FOR AT-RISK MIDDLE-SCHOOL STUDENTS. THE CAMPS AIM TO STRENGTHEN LITERACY SKILLS AND BUILD POSITIVE PEER GROUPS AND A LOVE OF READING. "VOICES" IS A PROFESSIONAL DEVELOPMENT PROGRAM FOR ADULT EDUCATION AND LITERACY (AEL) STAFF TO FACILITATE BOOK DISCUSSIONS. THE COUNCIL ALSO AWARDS MINI-GRANTS ANNUALLY TO SUPPORT LITERACY PROJECTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0142506
IRS990/ProgSrvcAccomActy2Grp/GrantAmt045727
IRS990/ProgSrvcAccomActy3Grp/Desc0FIRST WEDNESDAYS - THE FIRST WEDNESDAYS PROGRAM OFFERS FREE PUBLIC TALKS THE FIRST WEDNESDAY OF THE MONTH OCTOBER THROUGH MAY. THESE ARE HOSTED AT 9 DIFFERENT LOCATIONS THROUGHOUT VERMONT INCLUDING BRATTLEBORO, ESSEX JUNCTION, MANCHESTER, MIDDLEBURY, MONTPELIER, NEWPORT, NORWICH, RUTLAND AND ST. JOHNSBURY. THE SPEAKERS ARE NATIONALLY AND REGIONALLY RENOWNED AUTHORS, ARTISTS, SCHOLARS AND PUBLIC FIGURES SPEAKING ABOUT MANY DIFFERENT TOPICS SUCH AS NATIONAL SECURITY AGENCY, POETRY, WAR AND RELIGION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0121527
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt027750
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER STATE HUMANITIES PROGRAMS
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IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt02000
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt012220
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01287450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01047754
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03344
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01072
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03389

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.18$0.09$3.08$2.23$2.29$0.06
2023Detailed filing. Detailed filing data is available for this year.$3.30$0.21$3.09$1.99$2.35$0.35
2022Detailed filing. Detailed filing data is available for this year.$3.36$0.11$3.24$1.88$1.80$0.08
2021Detailed filing. Detailed filing data is available for this year.$3.52$0.08$3.45$2.61$1.88$0.73
2020Detailed filing. Detailed filing data is available for this year.$3.05$0.10$2.94$2.00$1.58$0.42
2019Detailed filing. Detailed filing data is available for this year.$2.49$0.13$2.36$1.48$1.56$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.38$0.08$2.30$1.57$1.43$0.14
2017Detailed filing. Detailed filing data is available for this year.$2.35$0.08$2.27$1.36$1.31$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.18$0.09$2.09$1.29$1.30$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.14$0.09$2.04$1.32$1.25$0.07
2014Summary only. Only limited summary data is available for this year.$2.12$0.07$2.05$1.39$1.29$0.10
2013Summary only. Only limited summary data is available for this year.$2.04$0.11$1.93$1.14$1.22$0.08
2012Summary only. Only limited summary data is available for this year.$2.02$0.10$1.92$1.11$1.25$0.14
2011Summary only. Only limited summary data is available for this year.$2.06$0.09$1.97$1.31$1.18$0.14