Civic Intelligence

Vermont Riverlands LLC

990 • Fiscal year 2023 • EIN 83-2558595

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 21, 2025

29 Main St Suite 11Montpelier, VT 05602-2952

(802) 229-0820

Siviq Scores

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

Liabilities / Assets

44th percentile

0.01x

Higher debt load relative to assets than 44% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.10x

Higher debt load relative to revenue than 67% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

1st percentile

-263%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2023

Asset Growth

11th percentile

-19%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

95th percentile

169%

Faster revenue growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$537,304

Down $127,508 (-19%) from 2022

Net Assets

Down

$532,579

Down $125,131 (-19%) from 2022

Liabilities

Down

$4,725

Down $2,377 (-33%) from 2022

Revenue

Up

$47,574

Up $29,916 (+169%) from 2022

Expenses

Up

$172,705

Up $145,596 (+537%) from 2022

Net Income

Down

-$125,131

Down $115,680 (-1224%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2019: $93,520Liabilities 2019: $639Net Assets 2019: $92,8812019Assets 2020: $493,806Liabilities 2020: $1,014Net Assets 2020: $492,7922020Assets 2021: $667,454Liabilities 2021: $293Net Assets 2021: $667,1612021Assets 2022: $664,812Liabilities 2022: $7,102Net Assets 2022: $657,7102022Assets 2023: $688,639Liabilities 2023: $4,725Net Assets 2023: $683,9142023Assets 2023: $537,304Liabilities 2023: $4,725Net Assets 2023: $532,5792023Assets 2024: $535,475Liabilities 2024: $1,200Net Assets 2024: $534,2752024

Highlighted filing

2023

Assets$537,304
Liabilities$4,725
Net Assets$532,579

Operations Trend

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

$400K$200K$0-$200KRevenue 2019: $86,699Expenses 2019: $15,336Net Income 2019: $71,3632019Revenue 2020: $372,601Expenses 2020: $17,954Net Income 2020: $354,6472020Revenue 2021: $192,515Expenses 2021: $18,146Net Income 2021: $174,3692021Revenue 2022: $17,658Expenses 2022: $27,109Net Income 2022: -$9,4512022Revenue 2023: $47,574Expenses 2023: $21,370Net Income 2023: $26,2042023Revenue 2023: $47,574Expenses 2023: $172,705Net Income 2023: -$125,1312023Revenue 2024: $17,135Expenses 2024: $15,439Net Income 2024: $1,6962024

Highlighted filing

2023

Revenue$47,574
Expenses$172,705
Net Income-$125,131
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 21, 2025
Return Version
2023v6.0
Gross Receipts
$47,574
Mission and Program Overview

Mission

The purpose of vermont riverlands is to acquire and manage conserved lands along the waters of vermont.

To acquire and manage conserved lands along the waters of vermont.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$662,308$530,232▼ $132,076
Accounts Receivable-$4,242-
Cash and Non-Interest-Bearing Accounts$2,434$2,760▲ $326
Savings and Temporary Cash Investments$70$70→ $0
Total Assets$664,812$537,304▼ $127,508
Liabilities
Accounts Payable and Accrued Expenses$7,102$4,725▼ $2,377
Total Liabilities$7,102$4,725▼ $2,377
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$657,710$532,579▼ $125,131
Total Net Assets Fund Balance$657,710$532,579▼ $125,131
Total Liabilities and Net Assets / Fund Balance$664,812$537,304▼ $127,508

Asset Categories

AssetBook ValueDepreciationBasis
Land$485,967-$485,967
Buildings$44,265$3,818$48,083
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lou BorieChair
Mollie K FlanniganDirector
Robert HyamsDirector
Kristopher HammerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$21,400
Program Service Revenue
$12,400
Investment Income
$1
Other Revenue
$13,773
All Other Contributions
$1,400
Change in Net Assets
$-125,131

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
Qualified Contrib Other1$20,000Appraisal Value
Total Noncash Contributions1$20,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$151,335
Other Expenses$21,370
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$151,335--$151,335
Insurance-$6,427-$6,427
Other Expenses$4,316$4,000-$4,316
Fees for Services Accounting-$1,985-$1,985
Fees for Services Legal$827--$827
Depreciation Depletion$741--$741
Office Expenses-$59-$59
Total Functional Expenses$160,234$12,471$0$172,705
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Green River Village PreservationGuilford, VT501c3Land Conservation-
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
No
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
Yes
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 is reviewed by the president, treasurer, director, secretary, and officer.

Form 990, Page 6, Part VI, Line 15A

Comparative data is used to establish salary.

Form 990, Page 6, Part VI, Line 19

UPON WRITTEN REQUEST.

Filing and Contact Details

Filer

Filer Name
Vermont Riverlands LLC
EIN
83-2558595
Phone
8022290820
Address
29 MAIN ST SUITE 11, MONTPELIER, VT 05602-2952

Signing Officer

Name
Lou Borie
Title
Chair
Phone
8022290820
Signed
2025-08-21

Organization Details

Principal Officer
Lou Borie
Formed
2018
Legal Domicile
Vt
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Mudgett Jennett & Krogh-wisner
Address
141 MAIN ST STE 2, MONTPELIER, VT 05602
Preparer
Erin J Packie CPA
Phone
8022299193
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

The 2023 990 is being amended to report the transfer of a piece of land from vermont riverlands, llc to another non-profit organization in december of 2023. This land transfer was inadvertantly omitted from the original 990 , and the omission was not discovered until the organization's 2024 financial statement audit was conducted in june 2025. The following changes have been made to correctly report the land transfer - statement of functional expenses, 990 part ix, line 1 is amended to add grant expense of 151,335 - 2023 balance sheet, 990 part x, line 10a is amended to reflect the removal of the land valued at 151,335 from the organization's capital asset listing. - schedule d, part vi, line 1a is amended to reflect the removal of the land valued at 151,335 from the organization's capital asset listing. - schedule i, parts i, ii and iv are added to report the land transfer as a grant to a non-profit organization

FORM 990 - ORGANIZATION'S MISSION

To protect and enhance the natural resources of vermont in order to promote the well-being of present and future generations of vermonters and visitors; preserve and aid in the preservation of open land along rivers and lakes; protect and enhance the scenic natural beauty of vermont; acquire and aid in the acquisition of river and lakeshore lands suitable for pleasure or recreation for the benefit of the general public and for education; promote, in cooperation with similar organizations, educational, research, management and related activities intended to bring about the conservation and proper use of our natural resources, particularly in the area of shoreland conservation; ease the burden of federal state, and local governments by encouraging shoreland preservation and conservation through non-regulatory means; encourage cooperation among units of government, private landowners, and residents.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization believes that 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. The 2022, 2021, and 2020 tax years are open for possible examination by the internal revenue service.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 2023 990 IS BEING AMENDED TO REPORT THE TRANSFER OF A PIECE OF LAND FROM VERMONT RIVERLANDS, LLC TO ANOTHER NON-PROFIT ORGANIZATION IN DECEMBER OF 2023. THIS LAND TRANSFER WAS INADVERTANTLY OMITTED FROM THE ORIGINAL 990 , AND THE OMISSION WAS NOT DISCOVERED UNTIL THE ORGANIZATION'S 2024 FINANCIAL STATEMENT AUDIT WAS CONDUCTED IN JUNE 2025. THE FOLLOWING CHANGES HAVE BEEN MADE TO CORRECTLY REPORT THE LAND TRANSFER - STATEMENT OF FUNCTIONAL EXPENSES, 990 PART IX, LINE 1 IS AMENDED TO ADD GRANT EXPENSE OF 151,335 - 2023 BALANCE SHEET, 990 PART X, LINE 10A IS AMENDED TO REFLECT THE REMOVAL OF THE LAND VALUED AT 151,335 FROM THE ORGANIZATION'S CAPITAL ASSET LISTING. - SCHEDULE D, PART VI, LINE 1A IS AMENDED TO REFLECT THE REMOVAL OF THE LAND VALUED AT 151,335 FROM THE ORGANIZATION'S CAPITAL ASSET LISTING. - SCHEDULE I, PARTS I, II AND IV ARE ADDED TO REPORT THE LAND TRANSFER AS A GRANT TO A NON-PROFIT ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO PROTECT AND ENHANCE THE NATURAL RESOURCES OF VERMONT IN ORDER TO PROMOTE THE WELL-BEING OF PRESENT AND FUTURE GENERATIONS OF VERMONTERS AND VISITORS; PRESERVE AND AID IN THE PRESERVATION OF OPEN LAND ALONG RIVERS AND LAKES; PROTECT AND ENHANCE THE SCENIC NATURAL BEAUTY OF VERMONT; ACQUIRE AND AID IN THE ACQUISITION OF RIVER AND LAKESHORE LANDS SUITABLE FOR PLEASURE OR RECREATION FOR THE BENEFIT OF THE GENERAL PUBLIC AND FOR EDUCATION; PROMOTE, IN COOPERATION WITH SIMILAR ORGANIZATIONS, EDUCATIONAL, RESEARCH, MANAGEMENT AND RELATED ACTIVITIES INTENDED TO BRING ABOUT THE CONSERVATION AND PROPER USE OF OUR NATURAL RESOURCES, PARTICULARLY IN THE AREA OF SHORELAND CONSERVATION; EASE THE BURDEN OF FEDERAL STATE, AND LOCAL GOVERNMENTS BY ENCOURAGING SHORELAND PRESERVATION AND CONSERVATION THROUGH NON-REGULATORY MEANS; ENCOURAGE COOPERATION AMONG UNITS OF GOVERNMENT, PRIVATE LANDOWNERS, AND RESIDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED BY THE PRESIDENT, TREASURER, DIRECTOR, SECRETARY, AND OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPARATIVE DATA IS USED TO ESTABLISH SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt047574
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LOU BORIE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08022290820
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERMONT RIVERLANDS LLC
ReturnHeader/Filer/BusinessNameControlTxt0VERM
ReturnHeader/Filer/EIN0832558595
ReturnHeader/Filer/PhoneNum08022290820
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MUDGETT JENNETT & KROGH-WISNER
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ReturnHeader/PreparerPersonGrp/PhoneNum08022299193
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIN J PACKIE CPA
ReturnHeader/ReturnTs02025-08-27T15:07:21-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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