2022-02-18T14:31:55-06:00 2021-07-01 030225774 GALLAGHER FLYNN & COMPANY LLP 725 COMMUNITY DRIVE SUITE 401 SOUTH BURLINGTON VT 05403 990 2021-07-01 222990644 VERMONT ETV INC VERM 8026554800 10 EAST ALLEN ST 202 WINOOSKI VT 05404 LEONARD CUNNINGHAM INTERIM CFO 8026554800 2022-02-18 1 LEONARD CUNNINGHAM 999009999 STEVEN M AUSTIN CPA P02385259 8028631331 2022-02-18 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X VERMONT PBS LEONARD CUNNINGHAM 10 EAST ALLEN ST 202 WINOOSKI VT 05404 0 0 X WWW.VERMONTPBS.ORG X 1989 VT VERMONT PBS CELEBRATES THE INNOVATION AND CREATIVE SPIRIT X 14 13 0 0 0 0 4879056 0 566033 0 2683387 0 1216769 0 9345245 0 0 0 0 0 3640365 0 140209 0 0 5169178 0 8949752 0 395493 0 65912701 0 2426218 0 63486483 0 X VERMONT 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. 0 0 0 0 0 NO ACTIVITY IN THE REPORTING PERIOD. 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NH NY X X LEONARD CUNNINGHAM 8026554800 10 EAST ALLEN ST STE 202 WINOOSKI VT 05404 X DONNA AUSTIN- HAWLEY VICE CHAIR 4.00 X X 0 0 0 MARGUERITE DIBBLE CHAIR 4.00 X X 0 0 0 HAL COLSTON DIRECTOR 2.00 X 0 0 0 JOHN EVANS DIRECTOR 2.00 X 0 0 0 PETER GRAHAM DIRECTOR 2.00 X 0 0 0 ELIZABETH RATTIGAN DIRECTOR 2.00 X 0 0 0 BILL STETSON DIRECTOR 2.00 X 0 0 0 LISA VENTRISS DIRECTOR 2.00 X 0 0 0 JIM CLUBB DIRECTOR 4.00 X X 0 0 0 DENNISE CASEY DIRECTOR 2.00 X 0 0 0 TOM EVSLIN DIRECTOR 2.00 X 0 0 0 WANDA HEADING-GRANT DIRECTOR 2.00 X 0 0 0 DAVID TAPLIN DIRECTOR 2.00 X 0 0 0 LEONARD CUNNINGHAM SECRETARY 42.00 X 0 0 0 STEPHEN FERREIRA TREASURER 42.00 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 207765 0 0 367460 0 166741 0 0 0 0 0 330192 0 0 8744535 0 0 56096008 0 0 0 0 65912701 0 1772095 374893 279230 0 2426218 0 X 63002603 0 483880 0 63486483 0 65912701 0 X 0 -63486483 X 0 0 0 X 3783554 4349342 5622331 5440035 0 19195262 3783554 4349342 5622331 5440035 19195262 19195262 1917695 2694619 2648934 2120368 0 9381616 1961 1847 590 2615 0 7013 28583891 102894 0.67150 0.68720 X PART II, SHORT YEAR EXPLANATION: 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. THERE IS ONLY ONE DAY IN THIS SHORT YEAR. 0 55046066 0 0 55046066 0 47472331 790 10246477 2500000 173532 55046066 53481357 791 -336954 5500000 172863 47472331 52119871 2542541 1002565 178490 53481357 2040846 50187651 373 109000 52119871 1.00000 0 0 0 PART V, LINE 4: THE CORPORATION'S ENDOWMENT FUNDS ARE FOR THE PURPOSE OF SUPPORTING PRODUCTIONS AND PROGRAMMING THAT SUPPORTS LOCAL CULTURAL AND NATURAL PROGRAMMING AND CROSS BORDER PROGRAMMING. CASH 2021-07-01 207765 CASH 852913577 VERMONT PUBLIC COMPANY 365 TROY AVENUE COLCHESTER VT 05446 501(C)(3) PLEDGES AND GRANTS RECEIVABLE 2021-07-01 367460 NET BOOK VALUE 852913577 VERMONT PUBLIC COMPANY 365 TROY AVENUE COLCHESTER VT 05446 501(C)(3) PREPAID AND DEFERRED CHARGES 2021-07-01 330192 BOOK VALUE 852913577 VERMONT PUBLIC COMPANY 365 TROY AVENUE COLCHESTER VT 05446 501(C)(3) FIXED ASSETS 2021-07-01 8744535 NET BOOK VALUE 852913577 VERMONT PUBLIC COMPANY 365 TROY AVENUE COLCHESTER VT 05446 501(C)(3) ACCOUNT RECEIVABLE 2021-07-01 166741 NET BOOK VALUE 852913577 VERMONT PUBLIC COMPANY 365 TROY AVENUE COLCHESTER VT 05446 501(C)(3) INVESTMENTS 2021-07-01 56096008 FAIR VALUE 852913577 VERMONT PUBLIC COMPANY 365 TROY AVENUE COLCHESTER VT 05446 501(C)(3) 1 1 0 1 1 1 1 1 0 PART I, LINE 2E: EXPLANATION 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 LOTT FORM 990, PART VI, SECTION B, LINE 11B THIS 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 12C PART 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 15 PART 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 19 UPON REQUEST FORM 990, PART XI, LINE 9: DISTRIBUTION OF NET ASSETS PURSUANT TO MERGER WITH VERMONT PUBLIC COMPANY -63,486,483.