2012-07-23T14:32:01-05:00 2011-12-31 030276150 SULLIVAN POWERS & COMPANY 77 BARRE ST PO BOX 947 MONTPELIER VT 05601 990 2011-01-01 030370105 HEARTBEET LIFESHARING CORPORATION HEAR 8024723285 218 TOWN FARM ROAD HARDWICK VT 05843 JONATHAN GILBERT 8024723285 2012-07-23 1 P00450631 8022232352 2011 2016-02-24 21:20:13Z HANNAH SCHWARTZ 218 TOWN FARM ROAD HARDWICK VT 05843 934313 0 X HEARTBEET.ORG X 2001 VT HEARBEET LIFESHARING IS A CAMPHILL COMMUNITY CARING FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. 13 10 17 4 0 0 119578 338106 533144 589783 185 1354 0 5070 652907 934313 0 0 0 0 147454 175936 0 0 27159 317636 380756 465090 556692 187817 377621 1708114 2102933 484193 488008 1223921 1614925 X HEARBEET IS A LIFESHARING CAMPHILL COMMUNITY AND LICENSED THERAPEUTIC RESIDENCE THAT INCLUDES ADULTS WITH DEVELOPMENTAL DISABILITIES AND INTERWEAVES THE SOCIAL AND AGRICULTURAL REALMS FOR THE HEALING AND RENEWING OF OUR SOCIETY AND THE EARTH. COMMUNITY MEMBERS LIVE AND WORK TOGETHER, IN BEAUTIFUL EXTENDED FAMILY HOUSEHOLDS, FORMING A MUTUALLY SUPPORTIVE ENVIRONMENT THAT ENABLES EACH INDIVIDUAL TO DISCOVER AND DEVELOP HIS OR HER UNIQUE ABILITIES AND POTENTIAL. 0 0 413120 594853 HEARTBEET LIFESHARING IS A COMMUNITY OF PEOPLE WHICH INCLUDE ADULTS WITH DISABILITIES LIVING AND SHARING THEIR LIVES TOGETHER ON A FARM SETTING. HEARTBEET USES DAILY LIFE AS AN OPPORTUNITY FOR VARIOUS FORMS OF THERAPY. 413120 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 17 1 0 0 0 0 0 0 0 0 X 13 10 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X X JONATHAN GILBERT 8024723285 218 TOWN FARM ROAD HARDWICK VT 05843 JOHN E WILLIAMSON 1.00 X X 0 0 0 HANNAH SCHWARTZ 40.00 X X 25100 0 0 JONATHAN GILBERT 40.00 X X 25100 0 0 RACHEL SCHWARTZ 40.00 X X 16693 0 0 ALISON S CARROLL 1.00 X X 0 0 0 SHERRY WILDFEUER 1.00 X 0 0 0 KATY BAKER-COHEN 1.00 X 0 0 0 PETER WATSON 1.00 X 0 0 0 SUSAN GILBERG 1.00 X 0 0 0 JOSHUA CARPENTER 1.00 X 0 0 0 AMY GLEICHER 1.00 X 0 0 0 WARREN GLEICHER 1.00 X 0 0 0 ERIC TIDBLOM 40.00 X 0 0 0 66893 0 0 0 0 0 0 0 338106 10563 338106 RESIDENTIAL CARE 623990 585693 585693 CRAFT INCOME 900099 2437 2437 FARM INCOME 110000 1653 1653 589783 1354 1354 INSURANCE PROCEEDS 900099 4668 4668 MISCELLANEOUS INCOME 900099 402 402 5070 934313 594853 0 1354 66893 41793 12550 12550 95277 65701 29576 13766 9246 3476 1044 7171 7171 6663 6663 6086 6086 13565 13565 17845 1553 16292 139099 134864 4235 22563 11282 11281 44225 44225 16187 8094 8093 AUTO EXPENSES 44503 44503 FARM/GARDEN AND ESTATE/ 24848 24848 CULTURAL 13189 13189 OTHER 10330 2235 8095 14482 5501 8981 556692 413120 116413 27159 37890 77114 280902 458011 100000 4839 67001 8643 11846 1620086 231125 1375840 1388961 1708114 2102933 214 12618 483979 475390 484193 488008 X 1170306 1377457 53615 237468 1223921 1614925 1708114 2102933 X 377621 13383 X X 0 1 1 X 0 X 125599 125132 88436 119578 338106 796851 125599 125132 88436 119578 338106 796851 270454 526397 1087 935 508 1243 1354 5127 10667 443 5071 16181 818159 1978514 0.64340 0.60780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80000 80000 1411443 156739 1254704 52761 29241 23520 75882 45145 30737 1388961 934313 556692 377621 377621 934313 0 934313 0 934313 556692 0 556692 0 556692 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION ADOPTED PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD INTERPRETATION NO. 48, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS USING THE PROVISIONS OF FASB ASC 450, "CONTINGENCIES." ACCORDINGLY, A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT ITS POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. NO PROVISION FOR INCOME TAX IS REQUIRED FOR 2011. THE ORGANIZATION'S TAX RETURNS FOR THE FISCAL YEARS ENDED DECEMBER 31, 2010, 2009 AND 2008 ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE AUTHORITIES. FORM 990, PART VI, SECTION A, LINE 2 HANNAH SCHWARTZ AND JONATHAN GILBERT ARE HUSBAND AND WIFE. HANNAH SCHWARTZ AND RACHEL SCHWARTZ ARE SISTERS. WARREN GLEICHER AND AMY GLEICHER ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE WILL REVIEW THE 990 AND THEN SEND OUT A COPY TO ALL BOARD MEMBERS VIA EMAIL. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE ON THE NONPROFIT WEBSITE, GUIDESTAR. ALSO THE FORM 990 IS MADE AVAILABLE UPON EACH INDIVIDUAL REQUEST THAT IS RECEIVED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON EACH INDIVIDUAL REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: 13,383. CHANGE IN OVERSIGHT PROCESS BY FINANCE COMMITTEE: 990 PART XII LINE 2C THERE HAS BEEN NO CHANGE IN THE PROCESS PERFORMED BY THE FINANCE COMMITTEE.