2014-05-15T10:06:47-05:00 2013-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2012-07-01 237251952 Vermont Law School VERM 8028311000 PO Box 96 South Royalton VT 05068 Lorraine Atwood 8028311000 2014-05-14 1 Barbara J McGuan CPA P00219457 2077752387 2014-05-14 2012 2015-11-30 17:44:51Z Lorraine Atwood PO Box 96 South Royalton VT 05068 43625251 0 X www.vermontlaw.edu X 1973 VT Developing a generation of leaders to use the power of law to make a difference. 31 29 516 180 0 0 4727212 4564897 31646320 31552416 226447 169044 0 0 36599979 36286357 7789160 7957196 0 0 18281957 17639239 0 0 969108 9920765 11025846 35991882 36622281 608097 -335924 46105174 48235138 19133361 20575813 26971813 27659325 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 30574007 7957196 31552416 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. In 2013, Vermont Law was ranked #1 for environmental law for the fifth consecutive year by US News & World Report, and in 2014 was ranked #1 for environmental law for the sixth consecutive year. The law school hosted over 150 symposia speakers, and other presentations during the academic year. In 2013, 685 full-time students were enrolled in JD and other advanced degree programs. Vermont Law School awarded 317 JD and other advanced degrees. 30574007 1 1 0 0 0 0 0 0 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 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1133 0 1 516 0 0 0 0 0 0 0 0 0 0 0 X 31 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X James Ouellette 8028311209 PO Box 96 South Royalton VT 05068 Geoffrey B Shields 60.00 X X 253319 0 17573 Randy Hertz 5.00 X 0 0 0 Gerard Jones 5.00 X 0 0 0 Matthew Matule 5.00 X 0 0 0 George McKann 5.00 X 0 0 0 Kevin Mendik 5.00 X 0 0 0 Charles E Shafer 5.00 X 0 0 0 Robert Taisey 5.00 X 0 0 0 Mary Wilson 5.00 X 0 0 0 Marc Mihaly 40.00 X X 182244 0 12722 William Lytton 5.00 X 0 0 0 James Hanson II 5.00 X 0 0 0 Anne Ostby 5.00 X 0 0 0 Edward Mattes 5.00 X X 0 0 0 Perez C Ehric 5.00 X X 0 0 0 Frances Yates 5.00 X X 0 0 0 Christopher Dutton 5.00 X X 0 0 0 Richard E Ayres 5.00 X 0 0 0 Edna Baugh 5.00 X 0 0 0 Randolph Brock 5.00 X 0 0 0 James Clemons 5.00 X 0 0 0 Collen H Connor 5.00 X 0 0 0 Robert Fiske 5.00 X 0 0 0 Michele Gatto 5.00 X 0 0 0 Sheppard Guryan 5.00 X 0 0 0 Hon Peter Hall 5.00 X 0 0 0 Jason Hutt 5.00 X 0 0 0 Richard Sala 5.00 X 0 0 0 Mark Sciarrotta 5.00 X 0 0 0 Karen White 5.00 X 0 0 0 Whitney Debevoise 5.00 X 0 0 0 Glenn Berger 5.00 X 0 0 0 M Jerome Diamond 5.00 X 0 0 0 William Leckerling 5.00 X 0 0 0 Robert Rachlin 5.00 X 0 0 0 Ashley van der Lande 5.00 X 0 0 0 Lorraine Atwood 40.00 X 137116 0 13164 Helen McCarthy 40.00 X 50822 0 7923 Gilbert Kujovich 40.00 X 160284 0 16406 Mark Latham 40.00 X 150455 0 6508 Jason Czarnezki 40.00 X 199837 0 17547 Michael Dworkin 40.00 X 181162 0 9826 John Echeverria 40.00 X 185290 0 13404 Sean Nolon 40.00 X 181046 0 21173 Margaret Barry 40.00 X 174290 0 15766 1855865 0 152012 45 0 1 0 EF Wall Associates Inc 131 South Main St PO Box 259 Barre VT 05641 Contractor 1146628 Advanced Cleaning PO Box 5404 West Lebanon NH 03784 Cleaning 177835 Bradford Brook Associates PO Box 497 Peru VT 05152 Consulting 117000 3 1873223 2691674 70625 4564897 Tuition and Fees 611600 30978101 30978101 Miscellaneous Revenue 900099 392345 392345 Auxiliary Enterprises 900099 181970 181970 31552416 284029 284029 7223909 7338894 -114985 -114985 -114985 36286357 31552416 0 169044 30064 30064 7767802 7767802 159330 159330 1299219 1299219 14003173 12568465 827555 607153 1254151 1183991 3299 66861 1082696 827773 201868 53055 58005 58005 89619 89619 72647 72647 3029403 2507922 451426 70055 268106 45993 222113 8277 2972 5133 172 354415 281942 65949 6524 1050014 847454 185711 16849 590954 503073 33480 54401 347647 263779 29284 54584 551376 494042 57334 1015495 836825 161723 16947 986240 781691 204549 Library Resources 838257 836526 1731 Food Service 624111 624111 Student Activities 231329 122350 108979 Printing & Publications 179755 66769 111430 1556 730196 445244 264001 20951 36622281 30574007 5079166 969108 734 930 6996502 9310667 2072598 1949473 307709 692059 2789863 2458773 503967 716945 33686537 10338968 22131781 23347569 10996405 9464176 305615 294546 46105174 48235138 1306095 2870508 1741309 1846688 13758591 13531251 2327366 2327366 19133361 20575813 X 18502232 18045706 3176860 4196799 5292721 5416820 26971813 27659325 46105174 48235138 -335924 1023436 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11174393 88029 1075613 363572 11974463 11535372 275129 -15121 620987 11174393 10139483 128252 1706680 439043 11535372 9637439 500796 367867 366619 10139483 12757548 111773 -2683748 548134 9637439 0.40710 0.44780 0.14510 0 0 485663 485663 26926670 6191567 20735103 2516107 1444523 1071584 3758097 2702878 1055219 23347569 Refundable Advances 2327366 2327366 29469345 1023437 1023437 28445908 72647 7767802 7840449 36286357 28781832 0 28781832 72647 7767802 7840449 36622281 Description of Intended Use of Endowment Funds: 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 7,767,802. Part XII, Line 4b - Other Adjustments: Institutional Aid & Scholarships 7,767,802. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 The School's non-discrimination policy is published in brochures and advertising materials. Explanation of Government Financial Assistance 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. 1 East Asia and the Pacific 0 0 Program Services Legal Education 159330 0 0 0 0 0 0 159330 0 159330 East Asia and the Pacific Legal Training 159330 Wire Transfer 1 0 0 0 0 0 0 Procedure for Monitoring Grants Outside the U.S.: Schedule F, 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 Woodrow Wilson International Center of Scholars 1300 Pennsylvania Ave NW Washington DC 20004 521067541 501(c)(3) 30064 Assist with the China Program activities both in the United States and China. 1 Scholarships and other student aid 475 0 7767802 FMV The Scholarships and other student aid are in the form of tuition discounts applied to the recipients account Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 X 0 0 0 0 0 0 0 1 0 Geoffrey B Shields 249509 0 0 0 3810 0 6142 0 11431 0 270892 0 0 0 Marc Mihaly 179985 0 0 0 2259 0 1794 0 10928 0 194966 0 0 0 Lorraine Atwood 136500 0 0 0 616 0 3640 0 9524 0 150280 0 0 0 Gilbert Kujovich 129424 0 27336 0 3524 0 4625 0 11781 0 176690 0 0 0 Mark Latham 120974 0 28286 0 1195 0 3549 0 2959 0 156963 0 0 0 Jason Czarnezki 136124 0 63500 0 213 0 3630 0 13917 0 217384 0 0 0 Michael Dworkin 134958 0 44914 0 1290 0 4319 0 5507 0 190988 0 0 0 John Echeverria 139877 0 44123 0 1290 0 4533 0 8871 0 198694 0 0 0 Sean Nolon 113899 0 66858 0 289 0 3797 0 17376 0 202219 0 0 0 Margaret Barry 150000 0 23000 0 1290 0 4600 0 11166 0 190056 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 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 550000 3940000 1795000 144460 2000540 2003 0 0 1 1 B 405000 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 Jason Czarnezki Highest Compensated Employee Mortgage Loan X 50000 25187 0 1 1 25187 X 6 70625 Median Price 0 0 0 Form 990, Part VI, Section B, line 11 The 990 is first reviewed and approved by the audit committee. After approval by the audit committee, copies of the final return 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 Director of Human Resources 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 XII, Line 2c The organization has not changed its oversight or selection process during the year. Form 990, Part IX, Line 5 The compensation of current officers, directors, trustees and key employees on Form 990, Part IX, Line 5 does not agree to the compensation of such individuals from Form 990, Part VII due to severance payments made during calendar year 2013 and included as part of tax year 2012 functional expenses.