2019-05-13T09:05:09-05:00 2018-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2017-07-01 237251952 Vermont Law School VERM 8028311000 PO Box 96 South Royalton VT 05068 Lorraine Atwood VP of Finance 8028311000 2019-05-09 1 Barbara J McGuan CPA P00219457 2077752387 2019-05-09 69.49.157.66 2019-05-09 16:57:31 ED P C97FEFACFBC752A47944C84B492960BB6E99453A E86B87CE19A618452E7D988FD4F1BB89485416DA 2017 2019-02-21 02:37:17Z Lorraine Atwood PO Box 96 South Royalton VT 05068 33576096 0 X www.vermontlaw.edu X 1973 VT Developing a generation of leaders to use the power of law to make a difference. 25 24 441 80 0 0 5260800 3739963 26257291 27622220 597419 492036 0 -59821 32115510 31794398 9841550 10356660 0 0 14036718 15810917 0 0 776627 9578200 9080116 33456468 35247693 -1340958 -3453295 42546018 42455403 19417963 22868737 23128055 19586666 X We are committed to developing a generation of leaders who use the power of the law to make a difference in our communities and the world. 0 0 29415561 10356660 27640665 Vermont Law School provides the best legal and environmental education, with an emphasis on public service. The Environmental Law Center at VLS houses the largest graduate environmental law program in the country, offering Master's and LLM programs on campus, online, and in hybrid formats, and is consistently ranked among the nation's best by U.S. News and World Report. The school offers experiential opportunities through its Environmental and Natural Resources Law Clinic, South Royalton Legal Clinic, Food and Agriculture Clinic, Center for Agriculture and Food Systems, Energy Clinic, Institute for Energy and the Environment, Environmental Tax Policy Institute, U.S.-Asia Partnerships for Environmental Law, Semester-in-Practice, and JD and Master's Externship Programs. Our students also can experience a semester abroad or earn a specialized degree from a leading university in France, Spain, England, Canada, or Italy. In 2018, 657 full and part-time (online) students were enrolled in JD and other advanced degree programs. Vermont Law School awarded approximately 230 JD, Master's and LLM degrees in 2018. 29415561 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 1 1 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 865 0 1 441 1 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Lorraine Atwood 8028311209 PO Box 96 South Royalton VT 05068 Thomas McHenry President/Dean 40.00 X X 92410 0 0 Colleen Connor Chair 5.00 X X 0 0 0 Anne Debevoise Ostby Secretary 2.00 X X 0 0 0 Constance Neary Treasurer 2.00 X X 0 0 0 Richard Ayres Trustee 2.00 X 0 0 0 Glenn Berger Trustee 2.00 X 0 0 0 Edna Baugh Trustee 2.00 X 0 0 0 Leslie Cadwell Trustee 2.00 X 0 0 0 Caryn Clayman Trustee 2.00 X 0 0 0 Scott Cullen Trustee 2.00 X 0 0 0 Amy Davenport Trustee 2.00 X 0 0 0 Brian Dunkiel Trustee 2.00 X 0 0 0 Robert Fiske Trustee 2.00 X 0 0 0 Janice Forgays Trustee 2.00 X 0 0 0 Michael Hill Trustee 2.00 X 0 0 0 Harold Jones Trustee 2.00 X 0 0 0 Byron Kalogerou Trustee 2.00 X 0 0 0 Catherine MacKenzie Trustee 2.00 X 0 0 0 Kevin Mendik Trustee 2.00 X 0 0 0 Elizabeth Miller Trustee 2.00 X 0 0 0 Pamela Pescosolido Trustee 2.00 X 0 0 0 Joanne Jordan Alumni Trustee 2.00 X 0 0 0 Karis North Alumni Trustee 2.00 X 0 0 0 Jennifer Leech Student Trustee 2.00 X 0 0 0 Angela Sicker Student Trustee 2.00 X 0 0 0 Mark Mihaly Past President/Dean 40.00 X X 172878 0 19516 Christopher Dutton Past Chair 5.00 X X 0 0 0 Peter Hall Past Trustee 5.00 X 0 0 0 Robert Taisey Past Trustee 5.00 X 0 0 0 Lorraine Atwood VP of Finance 40.00 X 132534 0 14207 David Firestone Professor of Law 40.00 X 154843 0 15509 David Mears Director of Environmental Law Center 40.00 X 157302 0 696 Laurie Ristino Professor of Law 40.00 X 144137 0 5191 Melissa Scanlan Professor of Law 40.00 X 154891 0 756 Stephanie Willbanks Vice Dean for Administrati 40.00 X 177334 0 14317 1186329 0 70192 35 0 1 0 Spotless and Tidy Cleaners LLC 15B Harlow Road Randolph VT 05060 Cleaning 179050 1 1993612 1746351 338859 3739963 Tuition and Fees 611600 26776650 26776650 Miscellaneous Revenue 900099 506754 506754 Auxiliary Enterprises 900099 338816 338816 27622220 248699 248699 1946769 1703432 243337 243337 243337 18445 78266 -59821 -59821 31794398 27622220 0 432215 232763 232763 10020746 10020746 103151 103151 431543 431543 12897432 11131700 1337269 428463 90725 74541 10719 5465 1470386 1223993 194804 51589 920831 770983 120173 29675 105303 105303 63293 63293 19000 19000 60576 60576 828967 804762 21746 2459 572439 109071 463368 207854 101050 77772 29032 461231 161230 297029 2972 750512 603459 137497 9556 468069 413573 16576 37920 356304 323959 25507 6838 410941 362898 48043 1059180 838930 204748 15502 655244 465545 189699 Library Resources 698667 698667 Food Service 440027 440027 Printing & Publications 290598 53437 224633 12528 Student Activities 186130 111398 74732 1445781 809705 491448 144628 35247693 29415561 5055505 776627 X 2630173 3020829 267330 1559914 4422472 3163835 556766 941172 2674768 2003683 638785 793346 35398243 14591240 21506593 20807003 9848696 10165186 435 435 42546018 42455403 957571 1301303 1620012 1927466 14882508 17516209 1957872 2123759 19417963 22868737 X 11367419 7875149 6164566 5828688 5596070 5882829 23128055 19586666 42546018 42455403 X -3453295 380768 -468862 0 X 0 1 X 1 1 1 X 0 0 0 0 0 0 0 0 1 19000 19000 0 Part II-B, Line 1: Vermont Law School engaged a local, Vermont-based lobbying firm to advocate on its behalf with the goal of elevating the school's visibility within the Vermont State government. Specific lobbying activities included the coordination of meetings between state and school officials, the distribution of school-produced information to relevant state employees, and the arrangement of various events involving individuals from both the school and state. X 0 9923255 285580 797935 477010 10529760 9424375 994430 494626 924 9923255 10697961 34444 -85620 1222410 9424375 11523394 127286 286670 1239389 10697961 11974463 5547 1542736 1999352 11523394 0.24730 0.55340 0.19930 0 0 485663 485663 27885872 9224442 18661430 2838812 2326250 512562 4187896 3040548 1147348 20807003 Refundable Advances 2123759 2123759 22172111 380769 78266 459035 21713076 60576 10020746 10081322 31794398 25244637 78266 78266 25166371 60576 10020746 10081322 35247693 Part III, Line 1a: The collection, which consists of library books, periodicals and related material, was acquired through purchases and contributions since the Law School's inception and is not recognized as an asset on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired, or as decreases in temporarily or permanently restricted net assets if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected in the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. Part III, Line 4: The collection consists of library books, periodicals and related material used by the students and faculty for scholarly research. Part V, Line 4: The Law School's endowment consists of approximately 70 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by GAAP, net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor imposed restrictions. Part XI, Line 2d - Other Adjustments: Fundraising Expenses 78,266. Part XI, Line 4b - Other Adjustments: Institutional Aid & Scholarships 10,020,746. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 78,266. Part XII, Line 4b - Other Adjustments: Institutional Aid & Scholarships 10,020,746. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The School's non-discrimination policy is published in brochures and advertising materials. Schedule E, Part I, Line 6 The Law School receives financial assistance from the Department of Education to offset the tuition costs for students. The funding that the Law School receives is in the form of Federal Work Study and FFEL. 1 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Program Services Legal Education 103151 0 0 0 0 0 0 103151 0 103151 East Asia and the Pacific Legal Training 103151 Wire Transfer 1 0 0 0 0 0 0 Part I, Line 2: The Director of the program works closely with the recipient of the funds to coordinate activities/training essential for program effectiveness that will be paid for by a grant. The recipient submits receipts to substantiate the grant related purpose and amount of every expense paid to the recipient. Under the supervision of the Director the request for funds is compiled and translated if necessary. The Director approves the final submission with accompanying receipts which is then submitted to the business office. The business office performs additional review and codes the receipts to the proper accounts. The funds are then forwarded to the recipient. The Program Administrator confirms receipts of the fund with the recipient. If deemed necessary, Vermont Law School may carry out an on-site monitoring visit for general training, reviewing of the recipient's procedures, and informing the recipient of grant requirements. Alumni Reunion 15065 15065 8494 29032 6794 15380 71 3380 3380 526 15874 2010 156 18445 18445 9020 44906 8804 15536 78266 -59821 1 NOFA Northeast Organic Farming Association of Vermont 14 Pleasant Street Richmond VT 05477 223260420 501(c)(3) 13605 Assist the school's Center for Agriculture and Food Systems with stakeholder outreach, data collection activities, and assist CAFS with development of deliverables for the Farmers' Market project on a national and regional scale. Farmer's Market Coalition 1661 West Avenue Miami Beach FL 33139 204993020 501(c)(3) 35386 Assist the law school's Center for Agriculture and Food Studies with stakeholder outreach, data collection activities, and assist CAFS with development of deliverables for the Farmers' Market project on a national and regional scale. University of Connecticut 436 Whitney Road Ext 1133 Storrs CT 06269 060772160 501(c)(3) 39815 Assist the law school's Center for Agriculture and Food Studies with legal research and the creation of resources around local food policies. Mitchell Hamline School of Law 875 Summit Avenue Saint Paul MN 55105 411896367 501(c)(3) 143957 Assist the law school with legal research and drafting of the report on a national food policy. 4 0 Scholarships and other student aid 550 10020746 FMV The Scholarships and other student aid are credited to the recipients' account Part I, Line 2: The Business office reviews the recipient's Form 990 and A-133 audit report if available. The Director of the program at VLS works closely with the recipient of the funds that will be paid by the grant to coordinate activities/training essential for program effectiveness. The recipient submits invoices to VLS which are reviewed and approved by the Program Director to substantiate the grant related purpose. The invoice is then forwarded to the business office for review and coding to the proper accounts. The funds are then forwarded to the recipient. If deemed necessary, VLS may carry out an on site monitoring visit for general training, reviewing of the recipient's procedures/records and informing the recipient of grant requirements. 1 X X X 0 0 0 0 0 0 0 1 0 Mark Mihaly Past President/Dean 164570 0 2250 0 6058 0 657 0 18859 0 192394 0 0 0 David Firestone Professor of Law 131517 0 20601 0 2725 0 634 0 14875 0 170352 0 0 0 David Mears Director of Environmental Law Center 156250 0 500 0 552 0 696 0 0 0 157998 0 0 0 Melissa Scanlan Professor of Law 151941 0 2500 0 450 0 697 0 59 0 155647 0 0 0 Stephanie Willbanks Vice Dean for Administrati 153024 0 20500 0 3810 0 764 0 13553 0 191651 0 0 0 Part I, Line 7 Bonuses are given for exceptional performance. Sometimes they are set out at the beginning of the year in a reconfirmation letter which describes the criteria for achieving the bonus as well as the potential amount. They may also be given during the year or at annual performance review time. In either situation, consideration is given to budget limitations, the person's position, title and compensation, historical trends and market best practices. X 20 338589 FMV 0 0 0 Form 990, Part VI, Section B, line 11b The 990, excluding certain Schedule B Contributors, is first reviewed and approved by the audit committee. After approval by the audit committee, copies of the final return, excluding certain Schedule B Contributors, will be submitted electronically to the full Board prior to the filing date. Form 990, Part VI, Section B, line 12c All individuals covered by this policy shall complete and file a Conflict of Interest Disclosure Statement with the Secretary of the Board of Trustees annually by October 1. In the period between the filing of the annual statements, if an individual covered by this policy believes that he or she may have a conflict of interest with respect to this policy or any particular transaction, he or she shall promptly and fully disclose the potential conflict to the Secretary. The Secretary will accumulate all disclosure statements and furnish them to the Conflict of Interest Review Committee. This three-member committee is comprised of the Chair of the Board of Trustees, the Chair of the Audit Committee, and a Trustee to be named by the Chair of the Board of Trustees. The Secretary will be responsible for ensuring compliance with this policy and shall report to the Conflict of Interest Review Committee those individuals failing to furnish an annual statement. Form 990, Part VI, Section B, line 15 Compensation for the Dean at Vermont Law School is set and reviewed by the Executive Committee of the Board of Trustees. The Committee reviews comparison data in setting the salaries. The President and Dean has a contract which sets an initial salary. Salaries for employees are informed by an internal job-content evaluation that establishes the relative worth and pay structure of the position as compared to other positions at the institution. The Director of Human Resources may from time-to-time use the services of third-party or commercial surveys. Form 990, Part VI, Section C, line 19 The Organziation makes its Governing Documents, Conflict of Interest Policy, and Financial Statements available to the public upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Vermont Law School PO Box 96, South Royalton, VT 05068 EIN 23-7251952 Vermont Law School is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, Line 8: Prior Period Adjustment During 2018, the Department of Education (ED) provided guidance on the calculation of the federal portion that will be repaid to ED as the Perkins Loan Program winds down. While recording the effects of this guidance, management noted different amounts should have been included in refundable advances - U.S. government grants as of June 30, 2017 and 2016 based on the formula provided by the ED. The restatement resulted in a decrease in unrestricted net assets of $468,862 for the period ending June 30, 2017. VLS Campus Holdings LLC PO Box 96 South Royalton VT 05068 813188365 Real Estate Holding VT 371420 16997723 Vermont Law School