2016-08-08T16:41:35-05:00 2015-12-31 030325875 DAVIS & HODGDON ASSOCIATES CPAS PLC 33 BLAIR PARK RD STE 201 WILLISTON VT 05495 990 2015-01-01 030229347 SHELBURNE FARMS SHEL 8029858686 1611 HARBOR ROAD SHELBURNE VT 05482 ALEC WEBB PRESIDENT 8029858686 2016-07-10 true BRET HODGDON P00497283 8028781963 2016-08-08 2015 2016-12-15 16:53:06Z ALEC WEBB 1611 HARBOR ROAD SHELBURNE VT 05482 6229701 false X SHELBURNEFARMS.ORG X 1972 VT EDUCATION FOR SUSTAINABILITY; EDUCATING YOUNG PEOPLE TO BECOME ECOLOGICALLY LITERATE AND CARING CITIZENS WHO MAKE CHOICES THAT CREATE A HEALTHY AND JUST WORLD, PRACTICING THE STEWARDSHIP OF NATURAL AND AGRI. RESOURCES. 16 15 123 175 0 2847052 3428100 959217 944648 308125 319145 27144 26397 4141538 4718290 0 0 2525144 2709580 0 272468 1577350 1786180 4102494 4495760 39044 222530 32774729 34013558 2628591 2551952 30146138 31461606 X THE MISSION OF SHELBURNE FARMS IS TO CULTIVATE A CONSERVATION ETHIC FOR A SUSTAINABLE FUTURE BY: - EDUCATING YOUNG PEOPLE TO BECOME ECOLOGICALLY LITERATE AND CARING CITIZENS WHO MAKE CHOICES THAT CREATE A HEALTHY AND JUST WORLD AND; -PRACTICING THE STEWARDSHIP OF NATURAL, AGRICULTURAL, AND CULTURAL RESOURCES. false false 3881726 944648 EDUCATING FOR A SUSTAINABLE FUTURE - SHELBURNE FARMS IS A LEARNING CENTER BASED AT OUR 1,400 ACRE WORKING FARM AND FOREST AND NATIONAL HISTORIC LANDMARK. THE FARM OFFERS EDUCATIONAL EXPERIENCES AND RESOURCES FOR EDUCATORS, SCHOOLS, CHILDREN AND FAMILIES THAT CONNECT PEOPLE WITH NATURE AND AGRICULTURE AND INSPIRE STEWARDSHIP IN THEIR HOME COMMUNITIES. TO EXTEND ITS IMPACT, SHELBURNE FARMS SUPPORTS EDUCATORS AND COLLABORATES WITH OTHER REGIONAL, NATIONAL AND INTERNATIONAL ORGANIZATIONS TO ADVANCE EDUCATION FOR SUSTAINABILITY. THE FARM ALSO SERVES AS A CATALYST AND CONVENER FOR STRENGTHENING LOCAL FOOD, FORESTRY AND ENERGY SYSTEMS. (CONTINUED ON SCHEDULE O) THE NONPROFIT IS SUPPORTED BY CHARITABLE CONTRIBUTIONS, AS WELL AS ITS PROGRAM ENTERPRISES, WHICH INCLUDE A GRASS-BASED DAIRY AND AWARD-WINNING FARMSTEAD CHEESE MAKING OPERATION, AN ORGANIC MARKET GARDEN, MAPLE SUGARING AND SUSTAINABLE LUMBER PRODUCTION, SPECIAL EVENTS, AND A WIDELY RECOGNIZED SEASONAL INN AND FARM-TO-TABLE RESTAURANT. IMPROVING THE HISTORIC PROPERTY TO BUILD AN INSPIRING FARM-BASED CAMPUS IS AN ONGOING ENDEAVOR. IN 2015 SHELBURNE FARMS COMPLETED A BUSY AND PRODUCTIVE 43RD YEAR AS A CHARITABLE EDUCATION ORGANIZATION TOUCHING THE LIVES OF THOUSANDS OF PEOPLE OF ALL AGES FROM THE LOCAL COMMUNITY TO A GLOBAL AUDIENCE. THE FARM'S PROGRAMS AND ACTIVITIES WERE SUPPORTED BY 3,956 INDIVIDUAL DONORS FROM 47 STATES AND 8 COUNTRIES AND SERVED 149,000 PROGRAM PARTICIPANTS AND VISITORS ON-SITE, IN ADDITION TO PROVIDING OUTREACH PROGRAMS AND RESOURCES FOR MANY EDUCATORS AND SCHOOLS. TOTAL ATTENDANCE INCLUDED 54,000 VISITORS COMING TO THE CHILDREN'S FARMYARD AND ENJOYING THE WALKING TRAILS. ON-SITE EDUCATION PROGRAMS ALSO SERVED 400 EDUCATORS, 9,000 SCHOOL-AGED CHILDREN ATTENDING SCHOOL PROGRAMS, 4 H ACTIVITIES AND SUMMER CAMPS, AND 2,000 OTHERS PARTICIPATING IN FAMILY AND ADULT PROGRAMS. WHILE EDUCATORS CONSTITUTE A RELATIVELY SMALL PERCENTAGE OF TOTAL PROGRAM PARTICIPANTS THEY PROMISE TO HAVE THE GREATEST IMPACT BECAUSE OF THE MANY STUDENTS WHOSE LIVES WILL BE TOUCHED OVER THE COURSE OF THEIR CAREERS. ULTIMATELY THE SUCCESS OF THE EDUCATION PROGRAMS AT SHELBURNE FARMS IS MEASURED BY DEEPENING TEACHER PRACTICE AND STUDENT LEARNING, LEADING TO IMPROVEMENTS IN THE QUALITY OF LIFE NOW AND, HOPEFULLY, FOR GENERATIONS TO COME. SHELBURNE FARMS, NOFA VT AND OTHER VT FEED (FOOD EDUCATION EVERY DAY) COLLABORATORS COMPLETED A 3RD YEAR PARTNERING WITH THE VERMONT COMMUNITY FOUNDATION'S LOCAL FOOD FOR HEALTHY COMMUNITIES INITIATIVE TO FACILITATE THE COLLECTIVE IMPACT OF THE VERMONT FARM TO SCHOOL NETWORK IN HELPING BRING LOCAL, HEALTHY FOODS TO VERMONT SCHOOL CHILDREN. TWO THIRDS OF VERMONT'S ELEMENTARY SCHOOLS ARE NOW ENGAGED IN FARM TO SCHOOL PROGRAMMING, CONNECTING STUDENTS, LOCAL FARMS AND COMMUNITIES TO SERVE HEALTHY MEALS IN SCHOOL CAFETERIAS. IN ADDITION TO VT FEED, OTHER SPECIAL SUPPORT - INCLUDING COOPERATIVE AGREEMENTS WITH THE NATIONAL PARK SERVICE AND FOREST SERVICE -MADE POSSIBLE THE FARM'S PROGRAMS SUPPORTING EDUCATION FOR SUSTAINABILITY PROFESSIONAL LEARNING FOR EDUCATORS, THE ACTIVITIES OF THE FARM-BASED EDUCATION NETWORK, AND SCHOLARSHIPS FOR EDUCATORS ATTENDING WORKSHOPS AND FOR CHILDREN PARTICIPATING IN SCHOOL PROGRAMS AND SUMMER CAMPS. GRANT FUNDING ALSO MADE POSSIBLE CONTINUING IMPROVEMENTS AT THE MARKET GARDEN AND DAIRY TO IMPROVE SOIL HEALTH AND SUPPORT NUTRIENT-DENSE FOOD AND FORAGE PRODUCTION. SIGNIFICANT CAMPUS IMPROVEMENTS INCLUDED EXPANDING THE FARM'S MAPLE SUGARING PROGRAM ENTERPRISE TO ENHANCE FOREST STEWARDSHIP AND EDUCATION PROGRAMS AND COMPLETING PHASE 3 OF RESTORATION OF THE SHELBURNE HOUSE FORMAL GARDENS. FOR THE THIRD YEAR, THE FARM ALSO RECEIVED SPECIAL SUPPORT TO HOST A TRADITIONAL FOODS SYMPOSIUM EXPLORING CONNECTIONS BETWEEN FOOD AND HEALTH. A HIGHLIGHT OF 2015 WAS THE DESIGNATION OF THE BURLINGTON AREA AS A REGIONAL CENTER OF EXPERTISE ON EDUCATION FOR SUSTAINABLE DEVELOPMENT BY THE UNITED NATIONS UNIVERSITY. 3881726 true true false false false false false true false true true false false true false true false true false false false false false false true false false false false false false false false false false false false false true false false false false true true true false false true 71 0 123 true true true false false false false false false false false false true false X 16 15 true false false false false false false true true false false true true true true true true true true false VT X TOM NOLD 8029850330 1611 HARBOR ROAD SHELBURNE VT 05482 ALEC WEBB PRESIDENT 60.00 X X 124645 0 8179 SHARMY ALTSHULER DIRECTOR 1.00 X 0 0 0 BOB BAIRD DIRECTOR 1.00 X 0 0 0 FRED BAY DIRECTOR 1.00 X 0 0 0 BINTA COLLEY DIRECTOR 1.00 X 0 0 0 MARY JANE GENTRY DIRECTOR 1.00 X 0 0 0 DAVID HOLLENBECK DIRECTOR 1.00 X 0 0 0 NAN JENKS-JAY VICE CHAIR 2.00 X X 0 0 0 STEVE JOHNSON DIRECTOR 1.00 X 0 0 0 ANDREW MEYER DIRECTOR 1.00 X 0 0 0 ERNIE POMERLEAU DIRECTOR 1.00 X 0 0 0 LOLA VAN WAGENEN DIRECTOR 1.00 X 0 0 0 CASEY MURROW DIRECTOR 1.00 X 0 0 0 LISA STEELE CHAIR 4.00 X X 0 0 0 DAVID MARVIN TREASURER 4.00 X X 0 0 0 WILL JACKSON SECRETARY 2.00 X X 0 0 0 124645 8179 1 false false false OLDE WORLD MASONRY INC 1397 NEWARK STREET NEWARK VT 05481 CONSTRUCTION 152290 INNATE STRATEGIES 3001 BRIDGEWAY SUITE K206 SAUSALITO CA 94965 CONSULTING 101085 2 163288 3264812 135854 3428100 EDUCATIONAL TOURS 611710 314109 314109 PUBLIC AND SCHOOL PROGRAMS 611600 238163 238163 AGRICULTURAL ACTIVITIES 110000 212861 212861 FACILITIES PROGRAMS 713990 179515 179515 944648 124872 124872 331975 331975 1334921 6826 1147474 187447 6826 194273 194273 58359 31962 26397 26397 4718290 944648 345542 X 126679 44292 32955 49432 1998395 1706810 126565 165020 52744 45049 3340 4355 297814 254360 18862 24592 233948 199812 14817 19319 490729 471005 19724 107352 80195 6362 20795 179186 172223 3562 3401 135549 133175 475 1899 15260 13034 966 1260 536306 526221 10085 113338 110708 1549 1081 REPAIRS AND MAINTENANCE 211740 96375 102188 13177 TAX EXPENSES 19916 19853 37 26 OTHER 8766 8614 79 73 ALLOCATE SPECIAL EVENTS -31962 -31962 4495760 3881726 341566 272468 375780 458778 1884644 2090035 897645 695250 80009 104213 124026 107190 10619 23485 33229532 12110291 21175565 21119241 5930711 5775909 1798197 1085296 497533 2554161 32774729 34013558 170606 533176 14905 12984 2000000 2005792 443080 2628591 2551952 X 27454617 28584541 2232056 2314795 459465 562270 30146138 31461606 32774729 34013558 222530 -294036 1386974 X false true X true false X 3107044 3647631 3535726 2847052 3428099 16565552 1053004 957298 1036561 959217 944648 4950728 4160048 4604929 4572287 3806269 4372747 21516280 884968 1349892 1660877 1273945 2016966 7186648 535793 452677 337261 158910 119080 1603721 1420761 1802569 1998138 1432855 2136046 8790369 12725911 396168 438371 452343 575171 456847 2318900 396168 438371 452343 575171 456847 2318900 1 1 4556217 5043300 5024630 4381440 4829594 23835181 0.53390 0.54120 0.10000 0.09000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 243468 X X false 5344916 115992 17231 147400 30675 5300064 5046037 153764 410481 237962 27404 5344916 4591625 28423 585895 133800 26106 5046037 4339037 285955 106607 175072 24902 4591625 4462748 122160 11989 169992 27868 4399037 0.87260 0.02130 0.10610 true false 797200 8183668 8980868 1742576 2314957 2037787 2019746 2263319 14852838 7626868 9489289 723467 2077629 2196626 604470 240826 33052 249010 24868 21119241 DUE FROM SHELBURNE FARMS, INC. 2144908 ANTIQUES AND ART 243468 BENEFICIAL ASSETS HELD BY OTHERS 165785 DONATION RECEIVABLE PAYROLL CLEARING 2554161 ACCRUED PAYROLL AND RELATED LIABILIT SALES TAX PAYABLE INTEREST PAYABLE X SCHEDULE D, PAGE 2, PART III, LINE 4 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. SCHEDULE D, PAGE 2, PART V, LINE 4 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 SCHEDULE D, PAGE 3, PART X FASB ASC 740-10-50, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, REQUIRES THAT THE ORGANIZATION DISCLOSE UNCERTAINTY IN TAX POSITIONS AND RECOGNIZE IN THE 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 2012, 2013, AND 2014 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. HARVEST FESTIVA 36703 36703 24636 SOIREE 20441 20441 5184 57144 57144 29820 29820 27324 X 1 4100 KELLY BLUE BOOK X 19 93079 STOCK EXCHANGE X VARIOUS 1 38675 FAIR MARKET VALUE false true true SCHEDULE M, PAGE 1, PART I, LINE 32B INVESTMENT BANKS RECEIVE THE STOCK GIFTS, WHICH ARE THEN SOLD, AND THE FUNDS TRANSFERRED TO THE ORGANIZATION. FORM 990 - ORGANIZATION'S MISSION THE MISSION OF SHELBURNE FARMS IS TO CULTIVATE A CONSERVATION ETHIC FOR A SUSTAINABLE FUTURE BY: - EDUCATING YOUNG PEOPLE TO BECOME ECOLOGICALLY LITERATE AND CARING CITIZENS WHO MAKE CHOICES THAT CREATE A HEALTHY AND JUST WORLD AND; -PRACTICING THE STEWARDSHIP OF NATURAL, AGRICULTURAL, AND CULTURAL RESOURCES. FORM 990 - EDUCATING YOUNG PEOPLE TO BECOME ECOLOGICALLY LITERATE AND CARING CITIZENS WHO MAKE CHOICES THAT CREATE A HEALTHY AND JUST WORLD AND; -PRACTICING THE STEWARDSHIP OF NATURAL, AGRICULTURAL, AND CULTURAL RESOURCES. FORM 990, PAGE 2, PART III, LINE 4A THE NONPROFIT IS SUPPORTED BY CHARITABLE CONTRIBUTIONS, AS WELL AS ITS PROGRAM ENTERPRISES, WHICH INCLUDE A GRASS-BASED DAIRY AND AWARD-WINNING FARMSTEAD CHEESE MAKING OPERATION, AN ORGANIC MARKET GARDEN, MAPLE SUGARING AND SUSTAINABLE LUMBER PRODUCTION, SPECIAL EVENTS, AND A WIDELY RECOGNIZED SEASONAL INN AND FARM-TO-TABLE RESTAURANT. IMPROVING THE HISTORIC PROPERTY TO BUILD AN INSPIRING FARM-BASED CAMPUS IS AN ONGOING ENDEAVOR. IN 2015 SHELBURNE FARMS COMPLETED A BUSY AND PRODUCTIVE 43RD YEAR AS A CHARITABLE EDUCATION ORGANIZATION TOUCHING THE LIVES OF THOUSANDS OF PEOPLE OF ALL AGES FROM THE LOCAL COMMUNITY TO A GLOBAL AUDIENCE. THE FARM'S PROGRAMS AND ACTIVITIES WERE SUPPORTED BY 3,956 INDIVIDUAL DONORS FROM 47 STATES AND 8 COUNTRIES AND SERVED 149,000 PROGRAM PARTICIPANTS AND VISITORS ON-SITE, IN ADDITION TO PROVIDING OUTREACH PROGRAMS AND RESOURCES FOR MANY EDUCATORS AND SCHOOLS. TOTAL ATTENDANCE INCLUDED 54,000 VISITORS COMING TO THE CHILDREN'S FARMYARD AND ENJOYING THE WALKING TRAILS. ON-SITE EDUCATION PROGRAMS ALSO SERVED 400 EDUCATORS, 9,000 SCHOOL-AGED CHILDREN ATTENDING SCHOOL PROGRAMS, 4 H ACTIVITIES AND SUMMER CAMPS, AND 2,000 OTHERS PARTICIPATING IN FAMILY AND ADULT PROGRAMS. WHILE EDUCATORS CONSTITUTE A RELATIVELY SMALL PERCENTAGE OF TOTAL PROGRAM PARTICIPANTS THEY PROMISE TO HAVE THE GREATEST IMPACT BECAUSE OF THE MANY STUDENTS WHOSE LIVES WILL BE TOUCHED OVER THE COURSE OF THEIR CAREERS. ULTIMATELY THE SUCCESS OF THE EDUCATION PROGRAMS AT SHELBURNE FARMS IS MEASURED BY DEEPENING TEACHER PRACTICE AND STUDENT LEARNING, LEADING TO IMPROVEMENTS IN THE QUALITY OF LIFE NOW AND, HOPEFULLY, FOR GENERATIONS TO COME. SHELBURNE FARMS, NOFA VT AND OTHER VT FEED (FOOD EDUCATION EVERY DAY) COLLABORATORS COMPLETED A 3RD YEAR PARTNERING WITH THE VERMONT COMMUNITY FOUNDATION'S LOCAL FOOD FOR HEALTHY COMMUNITIES INITIATIVE TO FACILITATE THE COLLECTIVE IMPACT OF THE VERMONT FARM TO SCHOOL NETWORK IN HELPING BRING LOCAL, HEALTHY FOODS TO VERMONT SCHOOL CHILDREN. TWO THIRDS OF VERMONT'S ELEMENTARY SCHOOLS ARE NOW ENGAGED IN FARM TO SCHOOL PROGRAMMING, CONNECTING STUDENTS, LOCAL FARMS AND COMMUNITIES TO SERVE HEALTHY MEALS IN SCHOOL CAFETERIAS. IN ADDITION TO VT FEED, OTHER SPECIAL SUPPORT - INCLUDING COOPERATIVE AGREEMENTS WITH THE NATIONAL PARK SERVICE AND FOREST SERVICE -MADE POSSIBLE THE FARM'S PROGRAMS SUPPORTING EDUCATION FOR SUSTAINABILITY PROFESSIONAL LEARNING FOR EDUCATORS, THE ACTIVITIES OF THE FARM-BASED EDUCATION NETWORK, AND SCHOLARSHIPS FOR EDUCATORS ATTENDING WORKSHOPS AND FOR CHILDREN PARTICIPATING IN SCHOOL PROGRAMS AND SUMMER CAMPS. GRANT FUNDING ALSO MADE POSSIBLE CONTINUING IMPROVEMENTS AT THE MARKET GARDEN AND DAIRY TO IMPROVE SOIL HEALTH AND SUPPORT NUTRIENT-DENSE FOOD AND FORAGE PRODUCTION. SIGNIFICANT CAMPUS IMPROVEMENTS INCLUDED EXPANDING THE FARM'S MAPLE SUGARING PROGRAM ENTERPRISE TO ENHANCE FOREST STEWARDSHIP AND EDUCATION PROGRAMS AND COMPLETING PHASE 3 OF RESTORATION OF THE SHELBURNE HOUSE FORMAL GARDENS. FOR THE THIRD YEAR, THE FARM ALSO RECEIVED SPECIAL SUPPORT TO HOST A TRADITIONAL FOODS SYMPOSIUM EXPLORING CONNECTIONS BETWEEN FOOD AND HEALTH. A HIGHLIGHT OF 2015 WAS THE DESIGNATION OF THE BURLINGTON AREA AS A REGIONAL CENTER OF EXPERTISE ON EDUCATION FOR SUSTAINABLE DEVELOPMENT BY THE UNITED NATIONS UNIVERSITY. FORM 990, PAGE 6, PART VI, LINE 2 ALEXANDER WEBB MEGAN CAMP PRESIDENT VP MARRIED FORM 990, PAGE 6, PART VI, LINE 11B THE AUDIT COMMITTEE REVIEWS THE INFORMATION AND REPORTS IT TO THE BOARD OF DIRECTORS. A 990 TUTORIAL WAS PROVIDED TO BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 12C POLICIES ARE REVIEWED AT THE COMMITTEE LEVEL AND THEN DISCUSSED AT THE BOA RD LEVEL WITH CHANGES MADE IF NECESSARY. EACH YEAR THE BOARD MEMBERS SIGN THAT THEY ARE IN COMPLIANCE WITH THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS REVIEWS COMPENSATION AND BENEFITS FOR ALEXANDER WEBB, PRESIDENT, THROUGH ITS COMPENSATION COMMITTEE. 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 SIMILAR 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, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS REVIEWS COMPENSATION AND BENEFITS FOR ALEXANDER WEBB, PRESIDENT, THROUGH ITS COMPENSATION COMMITTEE. 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 SIMILAR 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, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENT INFORMATION WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES 471,005 19,724 0 FORM 990, PART XI, LINE 9 ADJUST INVESTMENT IN SFI 1,423,574 PURCHASE OF ULYSSES -31,894 LOSS FROM ULYSSES -4,706 TOTAL 1,386,974 SHELBURNE FARMS INC 1611 HARBOR ROAD SHELBURNE VT 05482 030304285 SERVICES VT NA C CORP 1472112 1316280 1.00000 true ULYSSES COMPANY 1611 HARBOR ROAD SHELBURNE VT 05482 136098837 SERVICES AL NA C CORP 8993 523990 0.89880 true true false false false true false false false false false false false false false false false false false false SHELBURNE FARMS INC A 331975 FMV ULYSSES COMPANY E 500000 FMV