BETA

VERMONT ETV INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
VERMONT ETV INC (EIN 22-2990644)
Tax period
2021-07-01 to 2021-07-01
Filed
2022-02-18
IRS object ID
202200499349301510
Schema version
2021v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-02-18T14:31:55-06:00ReturnTs
Tax Period End2021-07-01TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN030225774PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GALLAGHER FLYNN & COMPANY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1725 COMMUNITY DRIVE SUITE 401AddressLine1Txt
CitySOUTH BURLINGTONCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05403ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN222990644EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VERMONT ETV INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVERMBusinessNameControlTxt
Phone8026554800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 EAST ALLEN ST 202AddressLine1Txt
CityWINOOSKICityNm
State AbbreviationVTStateAbbreviationCd
ZIP05404ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLEONARD CUNNINGHAMPersonNm
Person TitleINTERIM CFOPersonTitleTxt
Phone8026554800PhoneNum
Signature2022-02-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLEONARDPersonFirstNm
Person LastCUNNINGHAMPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVEN M AUSTIN CPAPreparerPersonNm
PTINP02385259PTIN
Phone8028631331PhoneNum
Preparation2022-02-18PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Final ReturnYes (X)FinalReturnInd

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1VERMONT PBSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerLEONARD CUNNINGHAMPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 EAST ALLEN ST 202AddressLine1Txt
CityWINOOSKICityNm
State AbbreviationVTStateAbbreviationCd
ZIP05404ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$0GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.VERMONTPBS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1989FormationYr
Legal Domicile StateVTLegalDomicileStateCd
Activity Or MissionVERMONT PBS CELEBRATES THE INNOVATION AND CREATIVE SPIRITActivityOrMissionDesc
Contract TerminationYes (X)ContractTerminationInd
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,879,056PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$566,033PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$2,683,387PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$1,216,769PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$9,345,245PYTotalRevenueAmt
CY Total Revenue$0CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,640,365PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$140,209PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$5,169,178PYOtherExpensesAmt
CY Other Expenses$0CYOtherExpensesAmt
PY Total Expenses$8,949,752PYTotalExpensesAmt
CY Total Expenses$0CYTotalExpensesAmt
PY Revenues Less Expenses$395,493PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$0CYRevenuesLessExpensesAmt
Total Assets BOY$65,912,701TotalAssetsBOYAmt
Total Assets EOY$0TotalAssetsEOYAmt
Total Liabilities BOY$2,426,218TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$63,486,483NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$0NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionVERMONT PBS CELEBRATES THE INNOVATION AND CREATIVE SPIRIT OF VERMONT, OUR NEIGHBORS IN NEW ENGLAND, NEW YORK AND CANADA, AND CIVIC SOCIETY BEYOND, TO SPARK COMMUNITY AND DEMOCRACY IN OUR WORLD. WE OFFER PROGRAMMING AND EVENTS THAT CONNECT, EMPOWER, AND INSPIRE INDIVIDUALS AND BRING THEM TOGETHER TO DISCOVER NEW KNOWLEDGE, EXPLORE INNOVATIVE IDEAS, AND CELEBRATE OUR COMMONALITIES AND DIFFERENCES IN WAYS THAT PROMOTE DEMOCRATIC VALUES AND RESPECT. ON JULY 1, 2021, PURSUANT TO THE APPROVAL OF THE BOARD OF DIRECTORS OF VERMONT EDUCATIONAL TELEVISION, INC., ALL ASSETS AND LIABILITIES OF THE COMPANY WERE DISTRIBUTED INTO A NEWLY FORMED ENTITY KNOWN AS VERMONT PUBLIC COMPANY PURSUANT TO A PLAN OF MERGER TO BE EFFECTIVE JULY 1, 2021.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$0ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
DescNO ACTIVITY IN THE REPORTING PERIOD.Desc
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate OperationsYes (1)TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members14GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LEONARD CUNNINGHAMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8026554800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 EAST ALLEN ST STE 202AddressLine1Txt
CityWINOOSKICityNm
State AbbreviationVTStateAbbreviationCd
ZIP05404ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DONNA AUSTIN- HAWLEY
VICE CHAIR4.00Yes (X)Yes (X)$0$0$0
MARGUERITE DIBBLE
CHAIR4.00Yes (X)Yes (X)$0$0$0
HAL COLSTON
DIRECTOR2.00Yes (X)$0$0$0
JOHN EVANS
DIRECTOR2.00Yes (X)$0$0$0
PETER GRAHAM
DIRECTOR2.00Yes (X)$0$0$0
ELIZABETH RATTIGAN
DIRECTOR2.00Yes (X)$0$0$0
BILL STETSON
DIRECTOR2.00Yes (X)$0$0$0
LISA VENTRISS
DIRECTOR2.00Yes (X)$0$0$0
JIM CLUBB
DIRECTOR4.00Yes (X)Yes (X)$0$0$0
DENNISE CASEY
DIRECTOR2.00Yes (X)$0$0$0
TOM EVSLIN
DIRECTOR2.00Yes (X)$0$0$0
WANDA HEADING-GRANT
DIRECTOR2.00Yes (X)$0$0$0
DAVID TAPLIN
DIRECTOR2.00Yes (X)$0$0$0
LEONARD CUNNINGHAM
SECRETARY42.00Yes (X)$0$0$0
STEPHEN FERREIRA
TREASURER42.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$207,765BOYAmt
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$367,460BOYAmt
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$166,741BOYAmt
EOY$0EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$330,192BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$0LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$8,744,535BOYAmt
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$56,096,008BOYAmt
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$65,912,701BOYAmt
EOY$0EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,772,095BOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$374,893BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$279,230BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,426,218BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$63,002,603BOYAmt
EOY$0EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$483,880BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$63,486,483BOYAmt
EOY$0EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$65,912,701BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$0ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$63,486,483OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,783,554CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,349,342CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,622,331CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,440,035CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$19,195,262TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,783,554CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,349,342CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,622,331CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,440,035CurrentTaxYearMinus1YearAmt
Total$19,195,262TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$19,195,262PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,917,695CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,694,619CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,648,934CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,120,368CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$9,381,616TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,961CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,847CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$590CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,615CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$7,013TotalAmt
FieldValueIRS element (for citing)
Total Support$28,583,891TotalSupportAmt
Gross Receipts Rltd Activities$102,894GrossReceiptsRltdActivitiesAmt
Public Support CY1700.67150PublicSupportCY170Pct
Public Support PY1700.68720PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, SHORT YEAR EXPLANATION:FormAndLineReferenceDesc
ExplanationON JULY 1, 2021, PURSUANT TO THE APPROVAL OF THE BOARD OF DIRECTORS OF VERMONT EDUCATIONAL TELEVISION, INC., ALL ASSETS AND LIABILITIES OF THE COMPANY WERE DISTRIBUTED INTO A NEWLY FORMED ENTITY KNOWN AS VERMONT PUBLIC COMPANY PURSUANT TO A PLAN OF MERGER TO BE EFFECTIVE JULY 1, 2021. THERE IS ONLY ONE DAY IN THIS SHORT YEAR.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$55,046,066BeginningYearBalanceAmt
Contributions$0ContributionsAmt
Investment Earnings Or Losses$0InvestmentEarningsOrLossesAmt
Other Expenditures$55,046,066OtherExpendituresAmt
Administrative Expenses$0AdministrativeExpensesAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$47,472,331BeginningYearBalanceAmt
Contributions$790ContributionsAmt
Investment Earnings Or Losses$10,246,477InvestmentEarningsOrLossesAmt
Other Expenditures$2,500,000OtherExpendituresAmt
Administrative Expenses$173,532AdministrativeExpensesAmt
End Year Balance$55,046,066EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$53,481,357BeginningYearBalanceAmt
Contributions$791ContributionsAmt
Investment Earnings Or Losses-$336,954InvestmentEarningsOrLossesAmt
Other Expenditures$5,500,000OtherExpendituresAmt
Administrative Expenses$172,863AdministrativeExpensesAmt
End Year Balance$47,472,331EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$52,119,871BeginningYearBalanceAmt
Investment Earnings Or Losses$2,542,541InvestmentEarningsOrLossesAmt
Other Expenditures$1,002,565OtherExpendituresAmt
Administrative Expenses$178,490AdministrativeExpensesAmt
End Year Balance$53,481,357EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,040,846BeginningYearBalanceAmt
Contributions$50,187,651ContributionsAmt
Investment Earnings Or Losses$373InvestmentEarningsOrLossesAmt
Other Expenditures$109,000OtherExpendituresAmt
End Year Balance$52,119,871EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART V, LINE 4:FormAndLineReferenceDesc
ExplanationTHE CORPORATION'S ENDOWMENT FUNDS ARE FOR THE PURPOSE OF SUPPORTING PRODUCTIONS AND PROGRAMMING THAT SUPPORTS LOCAL CULTURAL AND NATURAL PROGRAMMING AND CROSS BORDER PROGRAMMING.ExplanationTxt

Schedule N IRS990ScheduleN

Liquidation Of Assets Table LiquidationOfAssetsTableGrp

Liquidation Of Assets Detail LiquidationOfAssetsDetail (6 entries)

Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDescDistributionDistributionDtFair Market Value Of AssetFairMarketValueOfAssetAmtMethod Of FMV DeterminationMethodOfFMVDeterminationTxtEINEINAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdIRC SectionIRCSectionTxt
VERMONT PUBLIC COMPANY
CASH2021-07-01$207,765CASH852913577365 TROY AVENUECOLCHESTERVT05446501(C)(3)
VERMONT PUBLIC COMPANY
PLEDGES AND GRANTS RECEIVABLE2021-07-01$367,460NET BOOK VALUE852913577365 TROY AVENUECOLCHESTERVT05446501(C)(3)
VERMONT PUBLIC COMPANY
PREPAID AND DEFERRED CHARGES2021-07-01$330,192BOOK VALUE852913577365 TROY AVENUECOLCHESTERVT05446501(C)(3)
VERMONT PUBLIC COMPANY
FIXED ASSETS2021-07-01$8,744,535NET BOOK VALUE852913577365 TROY AVENUECOLCHESTERVT05446501(C)(3)
VERMONT PUBLIC COMPANY
ACCOUNT RECEIVABLE2021-07-01$166,741NET BOOK VALUE852913577365 TROY AVENUECOLCHESTERVT05446501(C)(3)
VERMONT PUBLIC COMPANY
INVESTMENTS2021-07-01$56,096,008FAIR VALUE852913577365 TROY AVENUECOLCHESTERVT05446501(C)(3)
FieldValueIRS element (for citing)
Director Of SuccessorYes (1)DirectorOfSuccessorInd
Employee Of SuccessorYes (1)EmployeeOfSuccessorInd
Owner Of Successor0OwnerOfSuccessorInd
Receive CompensationYes (1)ReceiveCompensationInd
Assets DistributedYes (1)AssetsDistributedInd
Required To Notify AGYes (1)RequiredToNotifyAGInd
Attorney General NotifiedYes (1)AttorneyGeneralNotifiedInd
Liabilities PaidYes (1)LiabilitiesPaidInd
Bonds Outstanding0BondsOutstandingInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2E:FormAndLineReferenceDesc
ExplanationEXPLANATION OF INVOLVEMENT: 1. THE FOLLOWING BOARD MEMBERS OF ETV, INC BECAME BOARD MEMBERS OF THE SUCCESSOR COMPANY, VERMONT PUBLIC COMPANY:DONNA AUSTIN-HAWLEY, JIM CLUBB, HAL COLSTON, MARGUERITE DIBBLE, PETER GRAHAM, BETH RATTIGAN, BILL STETSON, JOHN EVANS, TOM EVSLIN 2. THE FOLLOWING KEY EMLOYEES OF VERMONT PUBLIC TELEVISION, INC. BECAME EMPLOYEES OF THE SUCCESSOR COMPANY, VERMONT PUBLIC COMPANY:STEVEN FERREIRA, CFO; LEONARD CUNNINGHAM, CONTROLLER, 3. THE FOLLOWING EMPLYOYEES OF VERMONT PUBLIC TELEVISION, INC. RECEIVED SEVERANCE PACKAGES DUE TO THEIR ROLES BEING ELIMINATED :JACK EFROMSON AND BELINDA LOTTExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHIS FINAL RETURN DISCLOSES ONE TRANSACTION DURING THE FISCAL PERIOD, WHICH IS TO DISTRIBUTE THE ASSETS AND NET ASSETS OF VERMONT ETV, INC. TO VERMONT PUBLIC COMPANY. PURSANT TO THE MERGER OF VERMONT ETV, INC. INTO VERMONT PUBLIC, THE BOARD OF DIRECTORS OF VERMONT ETV, INC. WAS DISSOLVED. ACCORDINGLY, THIS RETURN HAS NOT BEEN REVIEWED BY THE BOARD OF DIRECTORS OF VERMONT ETV, INC. PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CPART IV-SECTION B POLICIES 12C: ANNUALLY BOARD MEMBERS AND SENIOR STAFF COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM WHICH IS REVIEWED, EVALUATED AND MAINTAINED ON FILE. ANY ISSUES DISCLOSED WHICH ARE CONSIDERED OR MAY BE PERCEIVED AS A CONFLICT ARE HANDLED ON A CASE BY CASE BASIS.
FORM 990, PART VI, SECTION B, LINE 15PART IV- SECTION B POLICIES 15A: ANNUALLY THE CEO IS REVIEWED AND EVALUATED BY THE FULL BOARD OF DIRECTORS. COMPENSATION IS DETERMINED BY THE BOARD. PERIODICALLY, INDEPENDENT CONSULTANTS ARE USED TO DETERMINE MARKET RATE AND COMPARABLE MARKET DATA FOR THE CEO AND OTHER KEY EMPLOYEES. THE BOARD REVIEWS THIS DATA AND ESTABLISHES AN APPROPRIATE COMPENSATION LEVEL FOR THE CEO. THE BOARD HAS ESTABLISHED A COMPENSATION COMMITTEE TO SPECIFICALLY REVIEW CEO COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19UPON REQUEST
FORM 990, PART XI, LINE 9:DISTRIBUTION OF NET ASSETS PURSUANT TO MERGER WITH VERMONT PUBLIC COMPANY -63,486,483.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.