2021-07-01T05:23:30-05:00 2020-12-31 030340114 MUDGETT JENNETT & KROGH-WISNER PC PO BOX 937 MONTPELIER VT 056010937 990 2020-01-01 030229347 SHELBURNE FARMS SHEL 8029858686 1611 HARBOR ROAD SHELBURNE VT 05482 ALEC WEBB PRESIDENT 8029858686 2021-07-01 1 ALEC WEBB 999009999 ERIN J PACKIE CPA P01442458 8022299193 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z ALEC WEBB 1611 HARBOR ROAD SHELBURNE VT 05482 12131879 0 X SHELBURNEFARMS.ORG X 1972 VT INSPIRING AND CULTIVATING LEARNING FOR A SUSTAINABLE FUTURE. 16 15 85 27 0 0 10444280 6482222 1100411 722027 543561 783948 -4499 0 12083753 7988197 0 0 0 0 3698037 3350421 189683 31875 698365 2408867 1907879 6296587 5290175 5787166 2698022 49521390 55024961 3064120 5239391 46457270 49785570 X THE MISSION OF SHELBURNE FARMS IS TO INSPIRE AND CULTIVATE LEARNING FOR A SUSTAINABLE FUTURE. 0 0 3957924 1348943 SHELBURNE FARMS IS AN EDUCATION NONPROFIT ON A MISSION TO INSPIRE AND CULTIVATE A SUSTAINABLE FUTURE. IT OFFERS TRANSFORMATIVE LEARNING EXPERIENCES TO HELP EDUCATORS AND STUDENTS CREATE A MORE THRIVING WORLD. ITS HOME CAMPUS IS A 1,400-ACRE DIVERSIFIED FARM AND NATIONAL HISTORIC LANDMARK LOCATED IN VERMONT ON THE HOMELANDS OF THE WESTERN ABENAKI. SHELBURNE FARMS REALIZES ITS EDUCATION MISSION THROUGH PROGRAMS FOCUSED ON EDUCATION FOR SUSTAINABILITY AND BY USING ITS WORKING FARM CAMPUS AS A LIVING CLASSROOM.THIS DESCRIPTION CONTINUED ON SCHEDULE O.THROUGH A DIVERSE PORTFOLIO OF PROGRAMS AND ACTIVITIES, SHELBURNE FARMS:" ENGAGES YOUTH AND PEOPLE OF ALL AGES IN LEARNING EXPERIENCES THAT INSPIRE THEM TO BUILD DIVERSE, RESILIENT, CARING COMMUNITIES; " PRACTICES STEWARDSHIP AND EMBODIES VALUES OF PLACE AND COMMUNITY THROUGH CARING FOR AND SHARING OUR NATURAL, AGRICULTURAL, CULTURAL, AND HUMAN RESOURCES; AND" COLLABORATES WITH EDUCATORS AND OTHER LOCAL, NATIONAL AND INTERNATIONAL PARTNERS TO ADVANCE EDUCATION FOR SUSTAINABILITY WORLDWIDE.SHELBURNE FARMS IS TYPICALLY SUPPORTED BY CHARITABLE CONTRIBUTIONS, TUITION, FEES AND ADDITIONAL REVENUE FROM ITS MISSION ADVANCING ENTERPRISES, INCLUDING A GRASS-BASED DAIRY AND AWARD-WINNING FARMSTEAD CHEESE MAKING OPERATION, AN ORGANIC MARKET GARDEN, MAPLE SUGARING AND SUSTAINABLE LUMBER PRODUCTION, SPECIAL EVENTS, YEAR-ROUND GUEST ACCOMMODATIONS, AND A SEASONAL FARM-TO-TABLE RESTAURANT. FOLLOWING THE TRANSFORMATIONAL GIFT OF THE PROPERTY TO THE NONPROFIT IN 1984, IMPROVING THE HISTORIC PROPERTY TO BUILD AN INSPIRING CAMPUS FOR LEARNING HAS BEEN AN ONGOING ENDEAVOR. THE FIRST YEAR OF THE COVID-19 PANDEMIC MARKS SHELBURNE FARMS' 48TH YEAR AS AN EDUCATIONAL ORGANIZATION THAT TOUCHES THE LIVES OF THOUSANDS OF PEOPLE. IN 2020, THE FARM RECEIVED RECORD CHARITABLE SUPPORT FROM 4,739 INDIVIDUAL DONORS FROM 50 STATES AND 9 COUNTRIES, INCLUDING GENEROUS SPECIAL SUPPORT FOR A RESILIENCY FUND LAUNCHED BY THE BOARD TO HELP STRENGTHEN THE ORGANIZATION FOR THE FUTURE. WHILE MANY ON-SITE PROGRAMS WERE NOT OFFERED IN 2020, THE FARM WAS ABLE TO PROVIDE ON-LINE PROGRAMS FOR EDUCATORS AND SERVE AS A REFUGE FOR THE COMMUNITY. WELCOME CENTER GATE ATTENDANCE FOR THE WALKING TRAILS WAS ESTIMATED AT 130,000. SEVENTEEN HUNDRED EDUCATORS TOOK PART IN SHELBURNE FARMS ON-LINE PROFESSIONAL LEARNING PROGRAMS DURING THE PANDEMIC, INCLUDING PARTICIPANTS FROM 36 STATES AND 6 COUNTRIES. EVERY EDUCATOR IS SEEN AS A LIFE-LONG PARTNER JOINING IN INCREASING THE IMPACT OF EDUCATION FOR SUSTAINABILITY LOCALLY, NATIONALLY, AND INTERNATIONALLY. ULTIMATELY THE SUCCESS OF THE EDUCATION PROGRAMS AT SHELBURNE FARMS IS MEASURED BY DEEPENING TEACHER PRACTICE AND STUDENT LEARNING, LEADING TO IMPROVEMENTS IN QUALITY OF LIFE FOR GENERATIONS TO COME. THIS PAST YEAR, SHELBURNE FARMS ALSO CONTINUED TO RECEIVE SIGNIFICANT FUNDING FOR ITS EDUCATION FOR SUSTAINABILITY PROGRAMS. GIFTS AND GRANTS PROVIDED CRITICAL SUPPORT FOR THE FARM-BASED EDUCATION NETWORK, VERMONT FEED (FOOD EDUCATION EVERYDAY) IN COLLABORATION WITH NOFA-VT, AND OUR PLACE BASED EDUCATION PROGRAMS WITH THE NATIONAL PARK SERVICE, AND FOR OUR CLIMATE CHANGE EDUCATION PROGRAMMING. SPECIAL GRANT FUNDING ALSO MADE POSSIBLE CONTINUING HIGH PRIORITY CAMPUS CAPITAL IMPROVEMENTS SUCH AS WATER SYSTEM UPGRADES, LIGHTNING PROTECTION AT THE COACH BARN, AND THE BREEDING BARN EXTERIOR RESTORATION PROJECT. SHELBURNE FARMS' VISION IS A HEALTHY AND JUST WORLD ROOTED IN STEWARDSHIP AND COMMUNITY. TO LEARN MORE ABOUT HOW SHELBURNE FARMS IS WORKING TO INSPIRE AN EMERGING GENERATION OF CHANGEMAKERS, PLEASE VISIT WWW.SHELBURNEFARMS.ORG. 3957924 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 74 0 1 85 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JESS PERRAULT CHIEF FINANCIAL OFFICER 8029850375 1611 HARBOR ROAD SHELBURNE VT 05482 SHARMY ALTSHULER BOARD OF DIRECTORS 1.00 X 0 0 0 BOB BAIRD BOARD OF DIRECTORS 1.00 X 0 0 0 FRED BAY BOARD OF DIRECTORS 1.00 X 0 0 0 BINTA COLLEY BOARD OF DIRECTORS 1.00 X 0 0 0 BEN FREEMAN BOARD OF DIRECTORS 1.00 X 0 0 0 STEVE JOHNSON BOARD OF DIRECTORS 1.00 X 0 0 0 ANDREW MEYER BOARD OF DIRECTORS 1.00 X 0 0 0 CASEY MURROW BOARD OF DIRECTORS 1.00 X 0 0 0 LANDON STORRS BOARD OF DIRECTORS 1.00 X 0 0 0 ERNIE POMERLEAU BOARD OF DIRECTORS 1.00 X 0 0 0 KATE WILLIAMS BOARD OF DIRECTORS 1.00 X 0 0 0 NAN JENKS-JAY BOARD OF DIRECTORS - CHAIR 6.00 X X 0 0 0 WILL JACKSON BOARD OF DIRECTORS - SECRETARY 2.00 X X 0 0 0 DAVID MARVIN BOARD OF DIRECTORS - TREASURER 4.00 X X 0 0 0 LISA STEELE BOARD OF DIRECTORS - VICE CHAIR 4.00 X X 0 0 0 ALEC WEBB PRESIDENT 60.00 X X 137098 0 8848 JESSICA PERRAULT CFO/ASSISTANT TREASURER 45.00 X 97512 0 8161 CLARA NOLD ASSISTANT SECRETARY 40.00 X 65278 0 13089 MEGAN CAMP VICE PRESIDENT & PROGRAM DIRECTOR 45.00 X 103145 0 9263 ROBIN TURNAU CHIEF ADVANCEMENT OFFICER 45.00 X 112000 0 2565 515033 0 41926 4 0 0 0 ECI ENGINEERS CONSTRUCTION INC PO BOX 2187 SOUTH BURLINGTON VT 05407 CONTRACTOR 392755 PORTER & ASSOCIATES PO BOX 3002 BURLINGTON VT 05408 CONTRACTOR 185817 NAYLOR & BREEN BUILDERS INC 191 ALTA WOODS BRANDON VT 057339773 CONTRACTOR 171420 3 289949 6192273 230925 6482222 AGRICULTURAL ACTIVITIES 110000 432929 432929 FACILITIES PROGRAMS 713990 256798 256798 PUBLIC AND SCHOOL PROGRAMS 611600 20962 20962 EDUCATIONAL TOURS 611710 7140 7140 4198 4198 722027 157032 157032 422643 422643 0 4337955 10000 3720832 207 617123 9793 626916 626916 7988197 1348943 0 157032 327732 121263 158619 47850 2479000 2008360 43275 427365 43822 32247 4074 7501 266297 131726 83794 50777 233570 171877 21714 39979 115811 48826 11605 55380 12562 12562 18838 18838 31875 31875 488388 488388 60837 59807 488 542 485750 448459 26659 10632 19414 19268 56 90 93028 4984 79340 8704 515708 459160 54081 2467 210675 205279 2512 2884 MATERIALS AND SUPPLIES 233998 226399 5631 1968 MISCELLANEOUS 155931 34942 110638 10351 TRANSFER TO SFI INVENTO -503061 -503061 5290175 3957924 633886 698365 207468 268475 5143703 9199407 6447400 3645922 175359 219966 134529 130244 22702 45704 41041733 15559278 23194934 25482455 8652387 10068848 1302314 580203 4240594 5383737 49521390 55024961 802280 954135 11391 86055 2250449 3640709 0 558492 3064120 5239391 X 37096314 40112939 9360956 9672631 46457270 49785570 49521390 55024961 X 2698022 755324 -125046 X 0 1 X 1 0 X 4899221 5585005 11248574 10170364 6202273 38105437 832206 1228701 1224580 1338933 1011977 5636397 5731427 6813706 12473154 11509297 7214250 43741834 754834 763101 6632066 1550918 925889 10626808 344549 535276 63258 943083 1099383 1298377 6695324 1550918 925889 11569891 32171943 414528 489817 534787 1265883 579674 3284689 414528 489817 534787 1265883 579674 3284689 6145955 7303523 13007941 12775180 7793924 47026523 0.68410 0.63820 0.06980 0.07180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 361540 361540 542310 21840 21840 90385 90385 135578 243468 X X 0 8161431 158276 1383335 196820 47329 9458893 5776058 1841005 756360 177900 34092 8161431 6033633 44727 -98098 169500 34704 5776058 5391926 113400 721638 161700 31631 6033633 5300064 20168 257520 154900 30926 5391926 0.63460 0.26220 0.10320 1 0 797200 11444963 12242163 5026027 19545525 12508397 12063155 47344 32316 15028 1277189 2351955 3018565 610579 1800 549730 551530 25482455 DUE FROM SHELBURNE FARMS, INC. 4902764 ANTIQUES AND ART 243468 BENEFICIAL ASSETS HELD BY OTHERS 237505 5383737 PPP LOAN PAYABLE 558492 558492 X PART III, LINE 4: COLLECTIONS AND RELATION TO EXEMPT PURPOSE - THE COLLECTION OF ANTIQUES AND ART MAINTAINED BY SHELBURNE FARMS INCLUDES ANTIQUE FURNITURE AND HOUSEHOLD GOODS AS WELL AS ARTWORK. THESE ITEMS SERVE THE ORGANIZATION'S MISSION AS THEY ARE ON DISPLAY IN THE FACILITIES AND CONTRIBUTE TO THE STEWARDSHIP OF CULTURAL RESOURCES. PART V, LINE 4: INTENDED USES FOR ENDOWMENT FUNDS - DONORS TO THE FARM'S ENDOWMENT FUND CREATE A LEGACY THAT WILL BENEFIT FUTURE GENERATIONS. ENDOWMENT FUNDS HELP ENSURE CONTINUING EDUCATIONAL OUTREACH AND THE CARE AND USE OF THE PROPERTY FOR EDUCATIONAL AND COMMUNITY PURPOSES. GIFTS MAY BE DESIGNATED BY THE DONOR FOR DIFFERENT PURPOSES SUCH AS GENERAL SUPPORT, EDUCATION PROGRAMS, AGRICULTURAL ACTIVITIES, LANDSCAPE AND GARDENS, BUILDING MAINTENANCE, THE ARCHIVES, ETC. PART X, LINE 2: FIN 48 FOOTNOTE - FASB ASC 740-10-50, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, REQUIRES THAT THE ORGANIZATION DISCLOSE UNCERTAINTY IN TAX POSITIONS AND RECOGNIZE IN THE CONSOLIDATED FINANCIAL STATEMENTS THE IMPACT OF A TAX POSITION, IF THAT POSITION HAS A MORE LIKELY THAN NOT CHANCE OF BEING SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE ORGANIZATION, AS WELL AS ITS TWO CONSOLIDATED SUBSIDIARIES, FILES TAX RETURNS ANNUALLY WITH THE U.S. GOVERNMENT AND APPLICABLE STATES. THESE FEDERAL AND STATE TAX RETURNS FOR 2019, 2018, AND 2017 CAN BE SUBJECT TO EXAMINATION BY THE IRS AND STATE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE ORGANIZATION IS NOT AWARE OF ANY TAX POSITIONS TAKEN WITH RESPECT TO TAX DEDUCTIONS (EXPENSES) THAT WERE QUESTIONABLE DURING THE CURRENT YEAR AND THE PREVIOUS THREE TAX YEARS. ACCORDINGLY, AN ESTIMATE, OR THE RANGE OF THE REASONABLE POSSIBLE CHANGE OF UNRECOGNIZED TAX BENEFITS WITHIN THE NEXT TWELVE MONTHS CANNOT BE DETERMINED. X X X X X X X 1 GADE MCARDLE LLC 322 MICHAEL LANE WILLISTON VT 05495 CAMPAIGN STRATEGY AND DEVELOPMENT MEETINGS 0 0 22500 -22500 RADISH ROAD 87 FAIRHAVEN ROAD CONCORD MA 01742 CAMPAIGN STRATEGY AND DEVELOPMENT MEETINGS 0 0 9375 -9375 31875 -31875 X 25 222541 MARKET STOCK QUOTE 0 1 1 PART I, LINE 32B: THIRD PARTIES USED TO PROCESS NONCASH CONTRIBUTIONS INCLUDE INVESTMENT BANKS WHO RECEIVE THE STOCK GIFTS, SELL, AND TRANSFER THE PROCEEDS TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 RELATED PARTY INFORMATION AMONG OFFICERS - ALEXANDER WEBB MEGAN CAMP PRESIDENT VP MARRIED FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S PROCESS TO REVIEW FORM 990 IS TO FIRST HAVE THE AUDIT COMMITTEE REVIEW THE RETURN AND SUPPORTING INFORMATION. THE AUDIT COMMITTEE THEN PRESENTS THE RETURN TO THE BOARD OF DIRECTORS. A 990 TUTORIAL IS ALSO PROVIDED TO BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C POLICIES ARE REVIEWED AT THE COMMITTEE LEVEL AND THEN DISCUSSED AT THE BOARD LEVEL WITH CHANGES MADE IF NECESSARY. EACH YEAR THE BOARD MEMBERS SIGN THAT THEY ARE IN COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS COMPENSATION AND BENEFITS FOR ALEXANDER WEBB, PRESIDENT, AND OTHERS THROUGH ITS COMPENSATION COMMITTEE. MANAGEMENT OF THE ENTIRE ENTITY, INCLUDING ITS SUBSIDIARY SHELBURNE FARMS INC. IS FACTORED INTO COMPENSATION. COMBINED REVENUE FOR THE TOTAL ORGANIZATION WAS $11.9M IN 2020. THIS COMMITTEE USES NATIONAL, REGIONAL, AND STATE COMPENSATION SURVEYS TO DETERMINE APPROPRIATE COMPENSATION. THE CFO BENCHMARKED THE EXECUTIVE COMPENSATION OF NON-PROFIT ORGANIZATIONS WITH A SIMILIAR SIZE AND SCOPE WITHIN VERMONT AND REGIONALLY. THIS WAS SUMMARIZED IN A REPORT WHICH WAS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENT INFORMATION WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: MERGER OF ULYSSES INTO SHELBURNE FARMS -125,046. SHELBURNE FARMS INC 1611 HARBOR ROAD SHELBURNE VT 05482 030304285 SERVICES VT C 439339 2217335 1.00000 1 ULYSSES COMPANY 1611 HARBOR ROAD SHELBURNE VT 05482 136098837 SERVICES AL C 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 SHELBURNE FARMS INC A 422643 ESTIMATED FAIR VALUE ULYSSES COMPANY S 598597 FAIR VALUE SHELBURNE FARMS INC Q 649043 ESTIMATED FAIR VALUE