Civic Intelligence

The Montpelier Foundation Inc

EIN 83-2812482 • 501(c)3 • Montpelier, VT

Profile

Our mission is to enhance our communitys ability to make valuable capital investments to improve the quality of life for local residents and visitors. We fund "brick and mortar" projects that have a lasting impact in montpelier and might not otherwise be funded with limited city resources.

PO Box 364Montpelier, VT 05601-0364

www.montpelierfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

96th percentile

131%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

100th percentile

9536%

Faster revenue growth than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$636,555

Up $360,779 (+131%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$636,555

Up $360,779 (+131%) from 2023

Revenue

Up

$1,702,614

Up $1,684,944 (+9536%) from 2023

Expenses

Up

$1,344,732

Up $1,318,157 (+4960%) from 2023

Net Income

Up

$357,882

Up $366,787 (+4119%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2020: $184,884Liabilities 2020: $0Net Assets 2020: $184,8842020Assets 2021: $214,590Liabilities 2021: $0Net Assets 2021: $214,5902021Assets 2022: $289,551Liabilities 2022: $0Net Assets 2022: $289,5512022Assets 2023: $275,776Liabilities 2023: $0Net Assets 2023: $275,7762023Assets 2024: $636,555Liabilities 2024: $0Net Assets 2024: $636,5552024

Highlighted filing

2024

Assets$636,555
Liabilities$0
Net Assets$636,555

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2020: $233,933Expenses 2020: $207,582Net Income 2020: $26,3512020Revenue 2021: $18,650Expenses 2021: $19,884Net Income 2021: -$1,2342021Revenue 2022: $150,886Expenses 2022: $45,426Net Income 2022: $105,4602022Revenue 2023: $17,670Expenses 2023: $26,575Net Income 2023: -$8,9052023Revenue 2024: $1,702,614Expenses 2024: $1,344,732Net Income 2024: $357,8822024

Highlighted filing

2024

Revenue$1,702,614
Expenses$1,344,732
Net Income$357,882

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$1,923,717
Mission and Program Overview

Mission

Our mission is to enhance our communitys ability to make valuable capital investments to improve the quality of life for local residents and visitors. We fund "brick and mortar" projects that have a lasting impact in montpelier and might not otherwise be funded with limited city resources.

To enhance our community's ability to make valuable capital investments to improve the quality of life for local residents and visitors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$193,791$345,085▲ $151,294
Cash and Non-Interest-Bearing Accounts$81,985$291,470▲ $209,485
Total Assets$275,776$636,555▲ $360,779
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$275,776$404,727▲ $128,951
Net Assets With Donor Restrictions-$231,828-
Total Net Assets Fund Balance$275,776$636,555▲ $360,779
Total Liabilities and Net Assets / Fund Balance$275,776$636,555▲ $360,779
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sarah JarvisChair
Paul CostelloVice Chair
Ben DoyleBoard Member
Ed FlanaganBoard Member
John HollarBoard Member
Tom GolonkaBoard Member
Karen FreemanSecretary
Tim HeneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,683,625
Program Service Revenue
$0
Investment Income
$18,989
Other Revenue
$0
All Other Contributions
$1,683,625
Change in Net Assets
$357,882

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 Amount
Securities Publicly Traded12$211,113
Total Noncash Contributions12$211,113
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,340,113
Other Expenses$4,619
Total Fundraising Expense$1,594
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,340,113--$1,340,113
Advertising$390$102$1,533$2,025
Fees for Services Accounting-$1,426-$1,426
Office Expenses$13$1,094-$1,107
Fees for Services Other--$61$61
Total Functional Expenses$1,340,516$2,622$1,594$1,344,732
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hood & Ayer LlpMontpelier, VT-Flood Recovery$60,000
Montpelier AliveMontpelier, VT-Revitalize Downtown$53,000
Good Fortune EnterprisesMontpelier, VT-Flood Recovery$40,000
Capstone Community ActionBarre, VT-Flood Recovery$25,000
52 State Street - EverettMontpelier, VT501c3Flood Recovery$24,000
Bent Nails BistroMontpelier, VT-Flood Recovery$24,000
Capital Plaza HotelMontpelier, VT-Flood Recovery$24,000
J MORGAN'S STEAKHOUSEMontpelier, VT-Flood Recovery$24,000
JULIO'S CANTINAMontpelier, VT-Flood Recovery$24,000
K SherpaMontpelier, VT-Flood Recovery$24,000
Langdon Street TavernMontpelier, VT-Flood Recovery$24,000
2-6 State LLCBarre, VT501c3Flood Recovery$20,000
95 State Street Fgb CorpMontpelier, VT501c3Flood Recovery$20,000
Bigglestone InvestmentsMontpelier, VT-Flood Recovery$20,000
CC'S STATE STREET LLCMontpelier, VT-Flood Recovery$20,000
Capitol LLC Rentals OfficeMontpelier, VT-Flood Recovery$20,000
Langdon St Apts LLCBarre, VT-Flood Recovery$20,000
Montpelier Property Mgt LLCMontpelier, VT-Flood Recovery$20,000
Nikhil Khosla 203 & 405 TrustMontpelier, VT-Flood Recovery$20,000
Overlake Park LLCMontpelier, VT-Flood Recovery$20,000
Rebel Heart CollectiveMontpelier, VT-Flood Recovery$20,000
Satchl Property Mgt LLCMontpelier, VT-Flood Recovery$20,000
Shippee Land Holdings LLCLancaster, NH-Flood Recovery$20,000
Arandas Mexican CuisineBarre, VT-Flood Recovery$19,000
KATIE'S JEWELSMontpelier, VT-Flood Recovery$19,000
Lotus Day SpaMontpelier, VT-Flood Recovery$19,000
60 Main Street AssociatesMontpelier, VT501c3Flood Recovery$18,500
Lucid Path WellnessMontpelier, VT-Flood Recovery$18,000
Main Street Family DentistryMontpelier, VT-Flood Recovery$15,000
Pho Thai ExpressMontpelier, VT-Flood Recovery$15,000
The Book GardenMontpelier, VT-Flood Recovery$15,000
Zutano Outlet StoreMontpelier, VT-Flood Recovery$15,000
Botanica FloralsMontpelier, VT-Flood Recovery$14,000
Buch Spieler RecordsMontpelier, VT-Flood Recovery$14,000
Capital KitchenMontpelier, VT-Flood Recovery$14,000
Christ Episcopal ChurchMontpelier, VT-Flood Recovery$14,000
Cool JewelsMontpelier, VT-Flood Recovery$14,000
EnnaMontpelier, VT-Flood Recovery$14,000
Grian Herbs LLCMontpelier, VT-Flood Recovery$14,000
J LangdonMontpelier, VT-Flood Recovery$12,000
162 Elm St LLCMontpelier, VT501c3Flood Recovery$10,000
Central Vermont Adult Basic EdBarre, VT-Flood Recovery$10,000
Everett Insurance AgencyMontpelier, VT-Flood Recovery$10,000
Little City BooksMontpelier, VT-Flood Recovery$10,000
NotionMontpelier, VT-Flood Recovery$10,000
Oakes & EvelynMontpelier, VT-Flood Recovery$10,000
Rabble Rouser ChocolatesMontpelier, VT-Flood Recovery$10,000
Redfield House LLCBarre, VT-Flood Recovery$10,000
Scott FitzgeraldMontpelier, VT-Flood Recovery$10,000
Signature StylesMontpelier, VT-Flood Recovery$10,000
The Gary ResidenceMontpelier, VT-Flood Recovery$10,000
Vt Prog for Quality in HealthcareMontpelier, VT-Flood Recovery$10,000
Woodbelly PizzaMontpelier, VT-Flood Recovery$10,000
Chill Vermont Gelato LLCMontpelier, VT-Flood Recovery$9,000
Guare & Sons Funeral HomeMontpelier, VT-Flood Recovery$9,000
Jumping Rainbows Sewing &designMontpelier, VT-Flood Recovery$9,000
Kellogg Hubbard LibraryMontpelier, VT-Flood Recovery$9,000
New China Star IncMontpelier, VT-Flood Recovery$9,000
The Quirky PetMontpelier, VT-Flood Recovery$8,750
Alpenglow FitnessMontpelier, VT-Flood Recovery$8,000
DelishMontpelier, VT-Flood Recovery$8,000
LY LY'S NAILSMontpelier, VT-Flood Recovery$8,000
Yellow Mustard - Xyz Foods LLCMontpelier, VT-Flood Recovery$8,000
Center for Arts & LearningMontpelier, VT-Roof Repair$7,000
Cheshire Cat ClothingMontpelier, VT-Flood Recovery$7,000
Now Is the Time ProductionsMontpelier, VT-Flood Recovery$7,000
Royal Thai OrchidMontpelier, VT-Flood Recovery$7,000
Katie WhitakerMontpelier, VT-Flood Recovery$6,500
Clear Path LLCMontpelier, VT-Flood Recovery$6,000
MinikinMontpelier, VT-Flood Recovery$6,000
North Branch CafeMontpelier, VT-Flood Recovery$6,000
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The 990 is prepared by an outside accountant, and a draft of the return is reviewed and approved by the board prior to being filed.

Form 990, Page 6, Part VI, Line 12C

Article 7 in the articles of incorporation of the montpelier foundation, inc states full disclosure of conflict of interest is required. This requires abstention from participation and voting. If any member does not abstain or withdraw from participation, the board of trustees will vote to determine conflict of interest. Copies of this policy are distributed to all members of the board of trustees.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Montpelier Foundation Inc
EIN
83-2812482
Phone
8022235191
Address
PO BOX 364, MONTPELIER, VT 05601-0364

Signing Officer

Name
Sarah Jarvis
Title
Chair
Phone
8022791233
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Jarvis
Formed
2018
Legal Domicile
Vt
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
8

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 - ORGANIZATION'S MISSION

Our mission is to enhance our communitys ability to make valuable capital investments to improve the quality of life for local residents and visitors. We fund "brick and mortar" projects that have a lasting impact in montpelier and might not otherwise be funded with limited city resources.

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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FLOOD RECOVERY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FLOOD RECOVERY
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt16ROOF REPAIR
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt45FLOOD RECOVERY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt46REVITALIZE DOWNTOWN
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt47FLOOD RECOVERY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt48FLOOD RECOVERY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt49FLOOD RECOVERY
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