UNIVERSITY OF VERMONT AND STATE AGRICULTURAL COLLEGE FOUNDATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF VERMONT AND STATE AGRICULTURAL COLLEGE FOUNDATION (EIN 45-1556038)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-15
- IRS object ID
- 201323199349303232
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-15T10:43:35-06:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 South Street | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 451556038 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | University of Vermont and State Agricultural | BusinessNameLine1 |
| Business Name Line2 | College Foundation Inc | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % KATHARINE LAUD AVP FIN & AD | InCareOfName |
| Name Control | UNIV | NameControl |
| Phone | 8026568600 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 411 Main Street | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | Burlington | City |
| State | VT | State |
| ZIP Code | 05401 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KATHARINE LAUD | Name |
| Title | ASSOC. VP, FINANCE AND ADMIN | Title |
| Date Signed | 2013-11-14 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6179881000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | O Richard Bundy III PresCEO | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 411 Main St | AddressLine1 |
| City | Burlington | City |
| State | VT | State |
| ZIP Code | 05401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 28969278 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.uvmfoundation.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2011 | YearFormation |
| State Legal Domicile | VT | StateLegalDomicile |
| Activity Or Mission Description | The mission of the UVM Foundation is to secure and manage private support for the benefit of the University of Vermont. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 22 | NbrIndependentVotingMembers |
| Total Nbr Employees | 180 | TotalNbrEmployees |
| Total Nbr Volunteers | 4000 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 250000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 17165990 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2100000 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 9052148 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 0 | InvestmentIncomePriorYear |
| Investment Income Current Year | -10137 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 17810 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2350000 | TotalRevenuePriorYear |
| Total Revenue Current Year | 26225811 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 4979462 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 396292 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6692115 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 60000 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 244679 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 6649285 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 354153 | OtherExpensePriorYear |
| Other Expenses Current Year | 1915496 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 810445 | TotalExpensesPriorYear |
| Total Expenses Current Year | 13831752 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1539555 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 12394059 | RevenuesLessExpensesCY |
| Total Assets BOY | 1589274 | TotalAssetsBOY |
| Total Assets EOY | 17710083 | TotalAssetsEOY |
| Total Liabilities BOY | 49719 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3689422 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1539555 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 14020661 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION OF THE UVM FOUNDATION IS TO SECURE AND MANAGE PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF VERMONT. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 5219885 | Expense |
| Grants | 4979462 | Grants |
| Revenue | 8844019 | Revenue |
| Description | The Foundation's primary function is to raise, receive, and manage funds and other support for the benefit of The University of Vermont and State Agricultural College and by otherwise performing support functions that carry out its charitable, scientific, educational, or other exempt purposes. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 633813 | Expense |
| Revenue | 208129 | Revenue |
| Description | Alumni are offered opportunities to attend social and educational events for an admission fee that covers, at most, direct expenses, but never covers all expenses. Events include alumni reunions, homecomings, baseball games, tennis matches, dances, etc. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 5853698 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | true | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 180 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 22 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KATHARINE LAUD AVP FIN AD | NamePerson |
| Telephone Number | 8026564728 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 411 MAIN ST | AddressLine1 |
| City | BURLINGTON | City |
| State | VT | State |
| ZIP Code | 05401 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (27 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Richard Ader | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Max Ansbacher | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Robert P Brennan Jr | |||||||
| Director/Treasurer | 2.0 | X | 0 | 0 | 0 | ||
| O Richard Bundy III | |||||||
| Director/Ex Officio/Found Pres | 43.0 | X | 265479 | 0 | 31795 | X | |
| Daniel A Burack | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Brooks Buxton | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Robert F Cioffi | |||||||
| Director/Ex Officio/Univ Chair | 2.5 | X | 0 | 0 | 0 | ||
| Michele Resnick Cohen | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Steven Grossman | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Zachary Gund | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| John A Hilton Jr | |||||||
| Director/Vice Chair | 3.0 | X | 0 | 0 | 0 | ||
| Steve N Ifshin | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Eugene W Kalkin | |||||||
| Director/Chair | 3.0 | X | 0 | 0 | 0 | ||
| James R Keller | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Edward E Madden Jr | |||||||
| Director/Ex Officio | 1.0 | X | 0 | 0 | 0 | ||
| Donald H McCree III | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Pamela Gillman McDermott | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Karen Nystrom Meyer | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Mildred A Reardon | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| William F Ruprecht | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Scott S Segal | |||||||
| Director/Secretary | 2.0 | X | 0 | 0 | 0 | ||
| William G Shean | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| E Thomas Sullivan | |||||||
| Direct/Ex Officio/Pres UVM | 2.0 | X | 0 | 0 | 0 | ||
| Shane M Jacobson | |||||||
| VP & COO | 41.0 | 215207 | 0 | 35948 | X | ||
| Kathleen A Kelleher | |||||||
| Chief Development Officer | 41.0 | 199425 | 0 | 26906 | X | ||
| Alan Ryea | |||||||
| Assoc VP for Alum Assoc and DS | 40.0 | 141766 | 0 | 32527 | X | ||
| Marvin Dean Snider | |||||||
| Sr Dir Major Gifts | 40.0 | 108408 | 0 | 24426 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 930285 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 151602 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 17165990 | AllOtherContributions |
| Noncash Contributions | 1631728 | NoncashContributions |
| Total Contributions | 17165990 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| SERVICE AGREEMENT - UNIVERSITY SUPPORT | 900099 | 8844019 | 8844019 |
| ALUMNI EVENTS | 900099 | 208129 | 208129 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 9052148 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12769 | TotalRevenueColumn |
| Exclusion | $12,769 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 17810 | TotalRevenueColumn |
| Exclusion | $17,810 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2720561 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2743467 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -22906 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -22906 | TotalRevenueColumn |
| Exclusion | -$22,906 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 26225811 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9052148 | RelatedOrExemptFunctionIncome |
| Exclusion | $7,673 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4979462 | Total |
| Program Services | 4979462 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 659246 | Total |
| Management And General | 106426 | ManagementAndGeneral |
| Fundraising | 552820 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4064115 | Total |
| Program Services | 277539 | ProgramServices |
| Management And General | 453211 | ManagementAndGeneral |
| Fundraising | 3333365 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 442782 | Total |
| Program Services | 26017 | ProgramServices |
| Management And General | 52462 | ManagementAndGeneral |
| Fundraising | 364303 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1177222 | Total |
| Program Services | 64302 | ProgramServices |
| Management And General | 147929 | ManagementAndGeneral |
| Fundraising | 964991 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 348750 | Total |
| Program Services | 20492 | ProgramServices |
| Management And General | 41321 | ManagementAndGeneral |
| Fundraising | 286937 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67341 | Total |
| Program Services | 1411 | ProgramServices |
| Management And General | 13702 | ManagementAndGeneral |
| Fundraising | 52228 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63466 | Total |
| Management And General | 62566 | ManagementAndGeneral |
| Fundraising | 900 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43141 | Total |
| Management And General | 43141 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 244679 | Total |
| Fundraising | 244679 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20340 | Total |
| Program Services | 6102 | ProgramServices |
| Management And General | 2034 | ManagementAndGeneral |
| Fundraising | 12204 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10908 | Total |
| Program Services | 10908 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 126067 | Total |
| Program Services | 24264 | ProgramServices |
| Management And General | 28958 | ManagementAndGeneral |
| Fundraising | 72845 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 454173 | Total |
| Program Services | 124759 | ProgramServices |
| Management And General | 141291 | ManagementAndGeneral |
| Fundraising | 188123 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 161197 | Total |
| Program Services | 28548 | ProgramServices |
| Management And General | 45416 | ManagementAndGeneral |
| Fundraising | 87233 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 96003 | Total |
| Program Services | 1033 | ProgramServices |
| Management And General | 94970 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 332061 | Total |
| Program Services | 31020 | ProgramServices |
| Management And General | 16654 | ManagementAndGeneral |
| Fundraising | 284387 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 441900 | Total |
| Program Services | 256887 | ProgramServices |
| Management And General | 32759 | ManagementAndGeneral |
| Fundraising | 152254 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54937 | Total |
| Management And General | 17699 | ManagementAndGeneral |
| Fundraising | 37238 | Fundraising |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| CONSULTING PROF ORG/EXP | 32154 | 954 | 27487 | 3713 |
| TUITION AND FEES EXPENSE | 2500 | 2500 | ||
| MISCELLANEOUS EXPENSES | 9308 | 743 | 8565 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13831752 | Total |
| Program Services | 5853698 | ProgramServices |
| Management And General | 1328769 | ManagementAndGeneral |
| Fundraising | 6649285 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1317077 | BOY |
| EOY | 14416926 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 250000 | BOY |
| EOY | 251005 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 1673055 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 39815 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22197 | BOY |
| EOY | 251829 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 75000 | LandBuildingsEquipmentBasis |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 75000 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 195 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 1002258 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1589274 | BOY |
| EOY | 17710083 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35489 | BOY |
| EOY | 3684773 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 980 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14230 | BOY |
| EOY | 3669 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49719 | BOY |
| EOY | 3689422 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1302055 | BOY |
| EOY | 2078781 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38000 | BOY |
| EOY | 10179253 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 199500 | BOY |
| EOY | 1762627 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1539555 | BOY |
| EOY | 14020661 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1589274 | BOY |
| EOY | 17710083 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 12394059 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 87047 | ReconciliationUnrealizedInvest |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 250000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 17165990 | CurrentTaxYear |
| Total | 17415990 | Total |
Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Value Srvc Fclts Furnished By Govt ValueSrvcFcltsFurnishedByGovt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 250000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 17165990 | CurrentTaxYear |
| Total | 17415990 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 1035758 | AmountsSubstContributorsTotal |
| Public Support Total170 | 16380232 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 30579 | CurrentTaxYear |
| Total | 30579 | Total |
Net UBI NetUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 17446569 | TotalSupport |
| Gross Receipts From Admissions Etc | 11152148 | GrossReceiptsFromAdmissionsEtc |
| First5 Years170 | X | First5Years170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 199500 | BeginningOfYearBalance |
| Contributions | 1784954 | Contributions |
| Investment Earnings Or Losses | 87047 | InvestmentEarningsOrLosses |
| Other Expenditures | 10838 | OtherExpenditures |
| Administrative Expenses | 89248 | AdministrativeExpenses |
| End Of Year Balance | 1971415 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributions | 199500 | Contributions |
| End Of Year Balance | 199500 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 Years | CurrentYearMinus2Years | |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Current Year Minus4 Years | CurrentYearMinus4Years | |
| Permanent Endowment EOY Balance | 0.84641 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.15359 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 75000 | OtherCostOrOtherBasis |
| Book Value | 75000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Buildings | Buildings | |
| Leasehold Improvements | LeaseholdImprovements | |
| Equipment | Equipment | |
| Other Land Buildings | OtherLandBuildings | |
| Total Of Book Value Land Buildings | 75000 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| INVESTMENTS IN UVM POOL | 915211 |
| INVESTMENT APPR - UVM POOL | 87047 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 1002258 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| GIFTS TO BE RECEIPTED | $194 |
| GIFTS PENDING ACCEPTANCE | $2,495 |
| OTHER REVENUE | $980 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3669 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 26312858 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 87047 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 87047 | RevenueNotRptdF990 |
| Revenue Subtotal | 26225811 | RevenueSubtotal |
| Total Revenue Per Form990 | 26225811 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 13831752 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 13831752 | ExpensesSubtotal |
| Total Expenses Per Form990 | 13831752 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part V, Line 4 | The Foundation's endowment will be a consolidated pool of donor-created endowments, designated to benefit the University of Vermont. |
| Part X, Line 2 | The Foundation is a tax exempt organization, as described in Section 501(c)(3) of the Internal Revenue Code (the Code), and is exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. In compliance with ASC 740, Accounting for Uncertainty in Income Taxes, the Foundation has evaluated its exposure to tax liability and believes there are no uncertain positions. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Agreement Ref Fundraising | true | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation (2 entries)
| Name Of IndividualNameOfIndividual | ActivityActivity | Fundraiser Control Of FundsFundraiserControlOfFunds | Gross ReceiptsGrossReceipts | Amount Retained By ContractorAmountRetainedByContractor | Net To OrganizationNetToOrganization |
|---|---|---|---|---|---|
| Harris Connect Inc | Phone Solic itations | false | 719778 | 120000 | 599778 |
| Royall Inc | mail solici tations | false | 174343 | 77940 | 96403 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 894121 | TotalGrossReceipts |
| Total Retained By Contractors | 197940 | TotalRetainedByContractors |
| Total Net To Organization | 696181 | TotalNetToOrganization |
| Licensed States | AK | LicensedStates |
| Licensed States | CA | LicensedStates |
| Licensed States | CO | LicensedStates |
| Licensed States | KY | LicensedStates |
| Licensed States | ME | LicensedStates |
| Licensed States | MD | LicensedStates |
| Licensed States | MA | LicensedStates |
| Licensed States | MI | LicensedStates |
| Licensed States | MN | LicensedStates |
| Licensed States | NH | LicensedStates |
| Licensed States | NJ | LicensedStates |
| Licensed States | NY | LicensedStates |
| Licensed States | ND | LicensedStates |
| Licensed States | OH | LicensedStates |
| Licensed States | OK | LicensedStates |
| Licensed States | OR | LicensedStates |
| Licensed States | SC | LicensedStates |
| Licensed States | UT | LicensedStates |
| Licensed States | WA | LicensedStates |
| Licensed States | WI | LicensedStates |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF VT & STATE AGRI COLLEGE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 85 SO PROSPECT STREET | AddressLine1 |
| City | BURLINGTON | City |
| State | VT | State |
| ZIP Code | 05401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 030179440 | EINOfRecipient |
| IRC Section | 501(c)(3) | IRCSection |
| Amount Of Cash Grant | 4827500 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 151962 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | See Part IV | DescriptionOfNonCashAssistance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART 1, LINE 2 | THE FOUNDATION OPERATES ON A REIMBURSABLE BASIS AND REQUIRES A REPORT OF EXPENSES ON A QUARTERLY BASIS FOR REVIEW BY THE CONTROLLER FOR APPROPRIATENESS PRIOR TO DISTRIBUTION OF FUNDS. |
| PART II, LINE 1G | NONCASH ASSISTANCE INCLUDES CONTRIBUTIONS OF VARIOUS SMALL GIFTS OF PRINTS, BOOKS, PHOTOS, TICKETS, DINNERS, LETTERS, PAPERS, ETC. |
| PART II, LINE 1H | PURPOSES OF THE GRANTS AND ASSISTANCE INCLUDE: UNIVERSITY EDUCATIONAL DEPARTMENT USE; SCHOLARSHIPS, FELLOWSHIPS, AND AWARDS; PROFESSORSHIPS, RESEARCH, AND FACULTY SUPPORT; CAPITAL CONSTRUCTION; AND, OTHER ACADEMIC AND STUDENT SUPPORT. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| O Richard Bundy III | ||||||||||||||
| Director/Ex Officio/Found Pres | 265479 | 0 | 0 | 0 | 0 | 0 | 25000 | 0 | 6795 | 0 | 297274 | 0 | 0 | 0 |
| Shane M Jacobson | ||||||||||||||
| VP & COO | 215207 | 0 | 0 | 0 | 0 | 0 | 19488 | 0 | 16460 | 0 | 251155 | 0 | 0 | 0 |
| Kathleen A Kelleher | ||||||||||||||
| Chief Development Officer | 199425 | 0 | 0 | 0 | 0 | 0 | 20175 | 0 | 6731 | 0 | 226331 | 0 | 0 | 0 |
| Alan Ryea | ||||||||||||||
| Assoc VP for Alum Assoc and DS | 141766 | 0 | 0 | 0 | 0 | 0 | 14177 | 0 | 18350 | 0 | 174293 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part I, Line 3 | The Executive Committee of the Board of Directors is charged with serving as the compensation committee per the By-Laws of the Foundation. The Compensation Committee has the ultimate decision of entering into an employment contract. |
| Part I, Line 1A | Housing allowance and travel for companions were permitted for an officer in 2011 only as part of his relocation. |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 119 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1396202 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther |
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 75000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | VARIOUS GIFTS - SEE SCH O | Description |
| Number Of Contributions | 97 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 160526 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | VARIOUS | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part VI, Section B, Question 11B | THE FORM 990 HAS BEEN REVIEWED BY THE OFFICERS OF THE FOUNDATION AND BY THE AUDIT COMMITTEE. A COMPLETE COPY OF THE FEDERAL 990 HAS BEEN PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. |
| Part VI, Section B, Question 12C | The Board of Directors approved a Conflict of Interest Policy and the overview addresses the questions in Part VI: The goals of the Policy are to identify when and how conflicts may arise, promote a process for each Director to disclose conflicts, and elaborate how the Board can manage conflicts of interest. There is nothing inherently wrong with a conflict so long as the conflict is disclosed and managed appropriately. - A conflict exists when there is an apparent or actual divergence between a Director's private interests and his/her fiduciary duty. This includes times when relevant material facts affect a Director, a member of his/her family, or an affiliate. - It is not a conflict to serve in leadership capacities for other nonprofit organizations, university/college foundations, or institutions of higher education. - It is not possible for our Policy to include an all-inclusive list of situations giving rise to a conflict of interest. The Policy does give examples of situations presenting potential, actual or apparent conflicts: o Commercial transactions between Director and the Foundation o Confidential, proprietary or privileged information not to be shared with the public o Diverting business opportunities away from the Foundation for private gain o Directors cannot hire, supervise or evaluate immediate family members or affiliates o Directors shall not accept compensation, gifts or other items in exchange for influencing Foundation operations and activities o Directors can accept from the Foundation modest value gifts or other items in connection with business and service on the Board of Directors o Directors can employ Foundation administration for private consulting with prior approval - UVM Trustees and Employees who serve as Directors are subject to the Policy. They are not automatically disqualified from participating in Foundation Board discussions and business. Rare occasions may exist when they will be disqualified from voting on specific matters. - Protocol o Directors annually file Conflicts Disclosure Form by May 30 o Prior to committee or full board meetings, conflicts must be disclosed and managed. They will be evaluated by President & CEO, committee/board chair, and the Audit Committee. o Depending upon the conflict, Director may or may not be able participate in the discussion and/or vote on agenda item related to conflict. o If necessary, we can request the opinion of Foundation legal counsel. |
| Part VI, Section B, Questions 15a and 15b | The Executive Committee shall also serve as the compensation committee, charged with periodically and no less than once annually reviewing and approving, following recommendations from the President and Chief Executive Officer, the compensation and benefits the Foundation will provide to its corporate officers (with the President and Chief Executive Officer recusing him or herself with respect to any deliberations or decisions regarding his or her compensation). The Board of Directors has delegated the hiring decision for all non-officers to the President and Chief Executive Officer. |
| Part VI, Section C, Question 19 | The UVM Foundation maintains a document library on its website for the public to view Governance & Policies, Giving Forms, Financial Reports, Meeting Agendas, and Meeting Minutes. www.uvmfoundation.org |
| Schedule M, Part I, Line 25 | ITEMS REPORTED ON SCHEDULE M, PART I AS OTHER NONCASH CONTRIBUTIONS INCLUDE VARIOUS SMALL GIFTS OF PRINTS, BOOKS, PHOTOS, TICKETS, DINNERS, LETTERS, PAPERS, ETC. |
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