2016-05-13T13:21:00-05:00 2015-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2014-07-01 237251952 Vermont Law School Inc VERM 8028311000 PO Box 96 South Royalton VT 05068 Lorraine Atwood VP of Finance 8028311000 2016-05-13 1 Barbara J McGuan CPA P00219457 2077752387 2016-05-13 2014 2016-08-17 19:52:53Z Lorraine Atwood PO Box 96 South Royalton VT 05068 34981588 0 X www.vermontlaw.edu X 1973 VT Developing a generation of leaders to use the power of law to make a difference. 26 25 409 180 0 0 3727322 4113140 28976671 27929853 555356 546973 0 0 33259349 32589966 7627996 9048285 0 0 15422156 14575516 3844 2065 1045616 9895624 10390004 32949620 34015870 309729 -1425904 48014479 45858750 18960278 18416670 29054201 27442080 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 28119585 9048285 27929853 Vermont Law School seeks to provide the best in legal and environmental education. The school offers exceptional opportunities through its Environmental and Natural Resources Law Clinic, South Royalton Legal Clinic, Institute for Energy and the Environment, Land Use Clinic, Environmental Tax Policy Institute, U.S.-China Partnership for Environmental Law, General Practice Program, Environmental Law Center, Semester in Practice, and Dispute Resolution Program. The International and Comparative Law Programs enable students to experience a semester abroad or earn a specialized degree from a leading university in France, Spain, England, Canada, or Italy. The Environmental Law Center at Vermont Law School has the largest graduate environmental law program in the country, and is consistently ranked among the nation's best by U.S. News and World Report. In 2015, 575 full-time students were enrolled in JD and other advanced degree programs. Vermont Law School awarded 306 JD and other advanced degrees. 28119585 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 1 1 0 0 0 0 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1038 0 1 409 1 0 0 0 0 0 0 0 0 0 0 X 26 25 1 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 Christopher Dutton Chair 5.00 X X 0 0 0 James Hanson Vice Chair 5.00 X X 0 0 0 Richard Matasar Trustee 5.00 X 0 0 0 Gerard Jones Trustee 5.00 X 0 0 0 Matthew Matule Trustee 5.00 X 0 0 0 George McKann Trustee 5.00 X 0 0 0 Kevin Mendik Trustee 5.00 X 0 0 0 Robert Taisey Trustee 5.00 X 0 0 0 William Lytton Trustee 5.00 X 0 0 0 Anne Debevoise Ostby Trustee 5.00 X 0 0 0 Richard Ayres Trustee 5.00 X 0 0 0 Edna Baugh Trustee 5.00 X 0 0 0 Randolph Brock Trustee 5.00 X 0 0 0 James Clemons Trustee 5.00 X 0 0 0 Robert Fiske Trustee 5.00 X 0 0 0 Sheppard Guryan Trustee 5.00 X 0 0 0 Hon Peter Hall Trustee 5.00 X 0 0 0 Mark Sciarrotta Trustee 5.00 X 0 0 0 Whitney Debevoise Trustee 5.00 X 0 0 0 Ashton Roberts Trustee 5.00 X 0 0 0 Glenn Berger Trustee 5.00 X 0 0 0 Leslie Cadwell Trustee 5.00 X 0 0 0 Brian Dunkiel Trustee 5.00 X 0 0 0 Colleen Connor Treasurer 5.00 X X 0 0 0 Charles E Shafer Secretary 5.00 X X 0 0 0 Marc Mihaly President/Dean & Professor 40.00 X X 218656 0 24319 Perez C Ehrich Past Vice Chair 5.00 X X 0 0 0 Randy Hertz Past Trustee 5.00 X 0 0 0 Mary Wilson Past Trustee 5.00 X 0 0 0 Michele Gatto Past Trustee 5.00 X 0 0 0 Jason Hutt Past Trustee 5.00 X 0 0 0 Ashlee Stetser Past Trustee 5.00 X 0 0 0 Frances Yates Past Treasurer 5.00 X X 0 0 0 Edward Mattes Past Chair 5.00 X X 0 0 0 Lorraine Atwood VP of Finance 40.00 X 132817 0 22334 Jackie Gardina Vice Dean for Faculty 40.00 X 150403 0 17130 Stephanie Willbanks Vice Dean for Admin & Student Affairs 40.00 X 156281 0 16323 Mark Latham Vice Dean for Academic Affairs 40.00 X 150550 0 2644 David Firestone Professor of Law 40.00 X 151971 0 17970 Michael Dworkin Professor of Law 40.00 X 154646 0 14973 Melissa Scanlan Professor of Law 40.00 X 154027 0 21134 Maryann Zavez Professor of Law 5.00 X 145577 0 8593 Margaret Barry Assoc Dean Clinical & Experiential Programs 40.00 X 163432 0 21138 1578360 0 166558 40 0 1 0 Advanced Cleaning Concepts PO Box 5404 West Lebanon NH 03784 Cleaning 182931 1 1460244 2652896 342053 4113140 Tuition and Fees 611600 27435201 27435201 Miscellaneous Revenue 900099 254384 254384 Auxiliary Enterprises 900099 240268 240268 27929853 230354 230354 2708241 2391622 316619 316619 316619 32589966 27929853 0 546973 18407 18407 8601894 8601894 427984 427984 891456 493330 398126 11377860 9573845 1314972 489043 92737 71803 16146 4788 1384152 1099671 208742 75739 829311 642105 144387 42819 78636 78636 77721 77721 56013 56013 60591 60591 2065 2065 67115 67115 1876015 1806802 69213 296296 125267 170956 73 191954 76955 81423 33576 405134 290717 107693 6724 793279 625328 154913 13038 548627 491067 14306 43254 370538 264179 25244 81115 656916 589370 67546 966764 796710 153909 16145 777285 543728 233557 Library Resources 665487 646760 18028 699 Food Service 409987 409987 Printing & Publications 405952 48492 342820 14640 Gift Expenses 176623 176623 1509071 885171 578625 45275 34015870 28119585 4850669 1045616 X 3672591 2851879 3935974 3473513 2817492 2972232 484410 413328 2110297 2408875 730002 813734 34086966 12275686 22655233 21811280 11325005 10484504 283040 271970 435 357435 48014479 45858750 1607382 1411000 1811619 1791732 13213911 12886572 2327366 2327366 18960278 18416670 X 18260858 16371869 5362036 5507661 5431307 5562550 29054201 27442080 48014479 45858750 -1425904 -186217 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 60591 60591 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 schoolproduced information to relevant state employees, and the arrangement of various events involving individuals from both the school and state. X 0 11523394 127286 286670 1239389 10697961 11974463 5547 1542736 1999352 11523394 11174393 88029 1075613 363572 11974463 11535372 275129 -15121 620987 11174393 10139483 128252 1706680 439043 11535372 0.26160 0.51490 0.22350 0 0 485663 485663 27105702 7392034 19713668 2512762 1880738 632024 3982839 3002914 979925 21811280 Refundable Advances 2327366 2327366 23558117 -186217 -186217 23744334 67115 8778517 8845632 32589966 25170238 0 25170238 67115 8778517 8845632 34015870 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 4b - Other Adjustments: Institutional Aid & Scholarships 8,601,894. Gift Expense 176,623. Part XII, Line 4b - Other Adjustments: Institutional Aid & Scholarships 8,601,894. Gift Expense 176,623. 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, FFEL and Perkins funding. 0 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Program Services Legal Education 427984 0 0 0 0 0 0 427984 0 427984 East Asia and the Pacific Legal Training 427984 Wire Transfer 0 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. 1 NOFA Northeast Organic Farming Association of Vermont 14 Pleasant Street Richmond VT 05477 223260420 501(c)(3) 10950 Assist the school's Center for Agriculture and Food Systems with stakeholder outreach and data collection activities related to farmers' markets on a regional scale. This is related to the center's project to develop a legal toolkit for farmers market managers nationwide. Farmer's Market Coalition 1661 West Avenue Miami Beach FL 33139 204993020 501(c)(3) 7457 Assist the school's Center for Agriculture and Food Systems with stakeholder outreach and data collection activities related to farmers' markets on a regional scale. This is related to the center's project to develop a legal toolkit for farmers market managers nationwide. 2 0 Scholarships and other student aid 514 0 8601894 FMV The Scholarships and other student aid are in the form of tuition discounts applied 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. X 1 1 X X X 1 0 0 0 0 0 0 1 0 Marc Mihaly President/Dean & Professor 214846 0 0 0 3810 0 0 0 24319 0 242975 0 0 0 Lorraine Atwood VP of Finance 125416 0 6250 0 1151 0 0 0 22334 0 155151 0 0 0 Jackie Gardina Vice Dean for Faculty 148958 0 1000 0 445 0 0 0 17130 0 167533 0 0 0 Stephanie Willbanks Vice Dean for Admin & Student Affair 150447 0 3920 0 1914 0 0 0 16323 0 172604 0 0 0 Mark Latham Vice Dean for Academic Affairs 149260 0 0 0 1290 0 0 0 2644 0 153194 0 0 0 David Firestone Professor of Law 126434 0 20000 0 5537 0 0 0 17970 0 169941 0 0 0 Michael Dworkin Professor of Law 127874 0 25000 0 1772 0 0 0 14973 0 169619 0 0 0 Melissa Scanlan Professor of Law 141567 0 12160 0 300 0 0 0 21134 0 175161 0 0 0 Maryann Zavez Professor of Law 10000 0 0 0 135577 0 0 0 8593 0 154170 0 0 0 Margaret Barry Assoc Dean Clinical & Experiential P 138597 0 22500 0 2335 0 0 0 21138 0 184570 0 0 0 Part I, Line 1a One of the grants that the Law School received allowed for business class when travel time to the destination exceeds 14 hours. Part I, Line 4a Maryann Zavez, Highest Compensated Employee, was employed by the Organization for part of the tax year and received severance payments for the remaining portion of the year. Both employment wages and severance payments are included within the individual's respective compensation. 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. A Vermont Educational and Health Buiding Financing 237154667 9241603Z5 2003-06-19 3940000 Finance Building and Equipment 0 0 0 B Vermont Educational and Health Buiding Financing 237154667 9241603Z5 2011-03-24 10750000 Finance Building and Equipment 0 0 0 A 695000 3940000 144460 3795540 2003 0 0 1 1 B 920000 10750000 189577 10560423 2011 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 0 B 0 X 5 30642 Median Price X 1 311412 FMV 1 0 0 1 Part I, Line 32b: The organization has hired a real estate broker to sell the residential real estate that was contributed during the fiscal year. Form 990, Part VI, Section A, line 2 Anne Debevoise Ostby (Trustee) and Whitney Debevoise (Trustee) have a family relationship. Form 990, Part VI, Section B, line 11 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 market comparability studies done by the Human Resources & Payroll Manager using the service of a third party and multiple commercial surveys. The annual increase for the President and Dean is reviewed by the Executive Committee. 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).