2015-02-05T12:47:23-06:00 2014-06-30 030225774 GALLAGHER FLYNN & COMPANY LLP 55 COMMUNITY DRIVE SUITE 401 SOUTH BURLINGTON VT 05403 990 2013-07-01 222990644 VERMONT ETV INC DBA VERMONT PBS VERM 8026554800 204 ETHAN ALLEN AVENUE COLCHESTER VT 05446 JOHN KING CEO 8026554800 2015-02-05 1 PHILIP A LAPP CPA P00356904 8028631331 2013 2016-02-25 16:41:14Z VERMONT PUBLIC TELEVISION CHARLIE SMITH 204 ETHAN ALLEN AVENUE COLCHESTER VT 05446 6767108 0 X WWW.VPT.ORG X 1989 VT VERMONT PBS; THROUGH VARIOUS BROADCAST MEDIUMS INCLUDING TELEVISION AND THE INTERNET; EDUCATES, INFORMS, ENTERTAINS AND INSPIRES VERMONTERS TO BE LIFE-LONG LEARNERS AND ENGAGED IN THEIR COMMUNITY BY FOSTERING:-UNDERSTANDING OF ONE ANOTHER AND VARIOUS POINTS OF VIEW-LIFELONG LEARNING-CHILDREN'S READINESS TO LEARN-PERSONAL ENRICHMENT THROUGH ARTS, CULTURE AND ENTERTAINMENT-APPRECIATION AND RESPECT FOR THE ENVIRONMENT AND WORKING LANDSCAPE-INVOLVEMENT AND PARTICIPATION IN COMMUNITY AND CIVIC AFFAIRS 14 13 51 209 49753 38902 4693006 4295062 594578 617510 339751 15081 1054612 1131933 6681947 6059586 0 0 0 0 2837189 2921821 141861 104182 1318698 3509730 3864543 6488780 6890546 193167 -830960 8949215 8817652 1630109 2164135 7319106 6653517 X VERMONT PBS; THROUGH VARIOUS BROADCAST MEDIUMS INCLUDING TELEVISION AND THE INTERNET; EDUCATES, INFORMS, ENTERTAINS AND INSPIRES VERMONTERS TO BE LIFE-LONG LEARNERS AND ENGAGED IN THEIR COMMUNITY BY FOSTERING:-UNDERSTANDING OF ONE ANOTHER AND VARIOUS POINTS OF VIEW-LIFELONG LEARNING-CHILDREN'S READINESS TO LEARN-PERSONAL ENRICHMENT THROUGH ARTS, CULTURE AND ENTERTAINMENT-APPRECIATION AND RESPECT FOR THE ENVIRONMENT AND WORKING LANDSCAPE-INVOLVEMENT AND PARTICIPATION IN COMMUNITY AND CIVIC AFFAIRS 0 0 984228 479946 BROADCAST CONTENT ACQUISITION & SCHEDULING - ACQUIRING OF PRE-PRODUCED PROGRAMS AND ON-AIR PROGRAM SCHEDULING 7 DAYS/WEEK, 365 DAYS/YEAR. 960401 5751 CONTENT CREATION-PRODUCTION OF: 78.5 HOURS OF ORIGINAL LOCAL BROADCAST CONTENT INCLUDING 60.5 HOURS OF PUBLIC AFFAIRS AND 12.5 HOURS OF ARTS AND CULTURE PROGRAMMING, AND 5.5 HOURS OF SCIENCE AND NATURE.7 HOURS OF WEB-ONLY CONTENT. 2479613 11404 CONTENT DISTRIBUTION - DISTRIBUTION OF CONTENT VIA:BROADCAST OVER THE AIR 24 HOURS PER DAY, 7 DAYS A WEEK TO VT AND PARTS OF NY AND NHWEB - 233,073 UNIQUE VISITORS, AND 23 LIVE ONLINE WEBCASTSOUTREACH ACTIVITIES WITH 50 COMMUNITY PARTNERS, 144 EVENTS IN 11 VERMONT COUNTIES 4424242 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 23 0 1 51 1 1 1 1 CA 0 0 0 1 1 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH NY X X LEONARD CUNNINGHAM 8026554800 204 ETHAN ALLEN AVENUE COLCHESTER VT 05446 JULIA ANDREWS DIRECTOR 2.00 X 0 0 0 PATRICIA GABEL DIRECTOR 2.00 X 0 0 0 LORILEE LAWTON DIRECTOR 2.00 X 0 0 0 MARY MORAN DIRECTOR 2.00 X 0 0 0 BRIAN HARWOOD DIRECTOR 4.00 X 0 0 0 ROBERT HOFMANN VICE CHAIR 4.00 X 0 0 0 PAMELA MACKENZIE CHAIR 4.00 X 0 0 0 SCOTT MILNE DIRECTOR 2.00 X 0 0 0 JAMES WYANT DIRECTOR 2.00 X 0 0 0 THOMAS PELLETIER DIRECTOR 2.00 X 0 0 0 JEREMY SCHRAUF DIRECTOR 2.00 X 0 0 0 DAVID TAPLIN DIRECTOR 2.00 X 0 0 0 LISA VENTRISS DIRECTOR 2.00 X 0 0 0 PATRICIA SABALIS DIRECTOR 2.00 X 0 0 0 PIERRE LEFERVE DIRECTOR 2.00 X 0 0 0 JOSEPH TYMECKI SECRETARY 40.00 X 86288 0 8376 JOHN KING PRESIDENT 45.00 X 154685 0 7498 LEONARD CUNNINGHAM TREASURER 40.00 X 53592 0 22386 GEORGE HAUENSTEIN SECRETARY 40.00 X 94984 0 15612 CHARLES SMITH PRESIDENT 40.00 X 0 0 0 ELIZABETH METRAUX SECRETARY 40.00 X 56065 0 6999 445614 0 60871 1 0 1 0 VILLANTI & SONS PRINTERS 15 CATAMOUNT DRIVE MILTON VT 05468 PRINTING & MAILING SERVICES 191449 KILAWATT TECHNOLOGIES INC PO BOX 794 SHELBURNE VT 05482 INTERNAL ENVIROMENTAL UPGRADES AND MONIT 112840 2 2040760 2254302 4295062 PROGRAM UNDERWRITING 515100 529946 529946 MEDIA SALES AND SERVIC 515100 87564 57969 29595 617510 48865 48865 1020854 1020854 14967 1817 13150 13150 13150 590343 580590 43537 9753 -43537 -33784 -33784 115502 81578 33924 33924 OTHER 515100 56997 56997 WEB ADVERTISING & MEDI 515100 7008 7008 64005 6059586 1631982 49753 82789 513999 146566 269414 98019 1812461 1268963 265837 277661 430206 295477 47390 87339 165155 100630 37906 26619 132299 132299 21000 21000 104182 104182 423291 73636 65407 284248 34172 24213 6595 3364 379884 72849 167781 139254 564202 534000 16954 13248 102833 59215 18271 25347 778557 752923 14397 11237 107954 65911 19404 22639 PROGRAM ACQUISITIONS 828287 827037 1250 SUBSCRIPTIONS, DUES 356232 108670 37958 209604 MISCELLANEOUS 71980 63409 3759 4812 BANK CHARGES 63312 30743 22694 9875 540 540 6890546 4424242 1147606 1318698 153174 267171 190846 130794 101738 282981 65925 128817 13598602 7848289 6088313 5750313 2349219 2257576 8949215 8817652 610028 1152765 646211 663934 4138 369732 347436 1630109 2164135 X 7299553 6651894 19553 1623 7319106 6653517 8949215 8817652 X -830960 243851 -78480 X X 0 1 X 1 0 X 4554655 5502584 5333583 4693006 4295062 24378890 4554655 5502584 5333583 4693006 4295062 24378890 24378890 668164 863829 898385 1333937 1035935 4800250 151502 144854 31472 36488 49753 414069 13491 10680 8361 44520 56997 134049 29727258 0.82010 0.83310 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER MISCELLANEOUS INCOME - 2009 AMOUNT: $ 13,491. 2010 AMOUNT: $ 10,680. 2011 AMOUNT: $ 8,361. 2012 AMOUNT: $ 44,520. 2013 AMOUNT: $ 56,997. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 13512 0 0 13512 0 2290763 1100 285604 370000 2207467 2290395 42423 164580 203283 3352 2290763 1779157 420740 91212 714 2290395 1104938 532527 141942 250 1779157 976716 26017 102205 1104938 1.00000 0.00000 0.00000 0 0 3100077 1721575 1378502 10223195 6001559 4221636 275330 125155 150175 5750313 MUTUAL FUNDS 2174841 F INVESTED CASH AND CASH EQUIVALENTS 82735 F 2257576 SUPPLEMENTAL BENEFIT PLAN LIABILITY 308679 LIABILITY UNDER SPLIT INTEREST AGREEMENTS 38757 347436 X 6316940 243852 11685 1817 257354 6059586 0 6059586 6982529 11685 80298 91983 6890546 0 6890546 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. PART X, LINE 2: INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS ADDITIONAL INCOME TAXES IN THE STATEMENT OF ACTIVITIES. THE CORPORATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE CORPORATION HAS RECOGNIZED A LIABILITY FOR THE POTENTIAL INCOME TAXES PAYABLE IN THE AMOUNTS OF $148,000 AND $96,000 AT JUNE 30, 2014 AND 2013, RESPECTIVELY, AND HAS INCLUDED IN THE PROVISION FOR UNRELATED BUSINESS INCOME TAXES CHARGES OF $58,000 IN 2014 AND $32,000 IN 2013. WITH FEW EXCEPTIONS, THE CORPORATION IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED JUNE 30, 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES RELATED TO RENTAL INCOME 1,817. PART XII, LINE 2D - OTHER ADJUSTMENTS: TAXES ON UNRELATED BUSINESS INCOME 58,314. EXPENSES RELATED TO UNRELATED BUSINESS INCOME 11,669. SUPPLEMENTAL BENEFIT PLAN EXPENSE 10,315. X X X X X X X 1 CARL BLOOM ASSOCIATES 81 MAIN STREET SUITE 126 WHITE PLAINS NY 10601 DIRECT MAIL MARKETING 0 186951 45639 141312 ARIA COMMUNICATIONS CORP 717 WEST ST GERMAIN STREET ST CLOUD MN 56301 TELEMARKETING 0 102156 70540 31616 DMW WORLDWIDE 36 CORDAGE PARK CIRCLE PLYMOUTH MA 02360 DIRECT MAIL MARKETING 0 65558 23972 41586 SHARE GROUP 73 CHAPEL STREET NEWTON MA 02458 TELEMARKETING 0 5831 9670 -3839 360496 149821 210675 NH NY DOWNTON ABBEY EVENT 89899 89899 17780 10106 27841 THE MOTH 25603 25603 16414 2999 6438 115502 115502 34194 13105 34279 81578 33924 X X X X 1 0 0 0 0 0 0 0 0 JOHN KING PRESIDENT 154685 0 0 0 0 0 5586 0 1912 0 162183 0 0 0 PART I, LINE 4A JOHN KING: $22,155 ELIZABETH METRAUX: $13,308 X SUPPLIES 1 70019 FAIR MARKET VALUE X PROFESSIONAL 1 16589 FAIR MARKET VALUE 0 0 0 FORM 990, PART I, LINE 19 DURING THE FISCAL YEAR ENDED JUNE 30, 2014, VERMONT ETV, INC. INCURRED APPROXIMATELY $305,000 OF NON-RECURRING LEGAL AND COMPENSATION EXPENSES, CLASSIFIED AS ADMINISTRATIVE EXPENSES, RELATED TO MATTERS RESOLVED DURING THE YEAR ENDED JUNE 30, 2014. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 IS REVIEWED AND APPROVED AT A BOARD OF DIRECTORS MEETING FOLLOWING THE COMPLETION OF THE FORM AND BEFORE IT IS FILED. 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: TAX ON UNRELATED BUSINESS INCOME -58,314. SUPPLEMENTAL BENEFIT PLAN EXPENSE -10,315. EXPENSES REPORTED ON 990-T -9,851. PART XII, LINE 2C NO CHANGES FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 3 DURING THE FISCAL YEAR ENDED JUNE 30, 2014, VERMONT ETV, INC. INCURRED APPROXIMATELY $305,000 OF NON-RECURRING LEGAL AND COMPENSATION EXPENSES, CLASSIFIED AS ADMINISTRATIVE EXPENSES, RELATED TO MATTERS RESOLVED DURING THE YEAR ENDED JUNE 30, 2014.