VERMONT COMMONS SCHOOL: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
VERMONT COMMONS SCHOOL (EIN 04-3371660)
Tax period
2011-07-01 to 2012-06-30
Filed
2012-10-26
IRS object ID
201203009349300790
Schema version
2011v1.2
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-10-26T15:40:59-05:00Timestamp
Tax Period End Date2012-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1DAVIS & HODGDON ASSOCIATES CPAS PLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line133 BLAIR PARK RD STE 201AddressLine1
CityWILLISTONCity
StateVTState
ZIP Code05495ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN043371660EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1VERMONT COMMONS SCHOOLBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlVERMNameControl
Phone8028658084Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line175 GREEN MOUNTAIN DRIVEAddressLine1
CitySOUTH BURLINGTONCity
StateVTState
ZIP Code05403ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NamePETER GILMOREName
TitleHEAD OF SCHOOLTitle
Phone8028658084Phone
Date Signed2012-10-15DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameBRET HODGDONName
Phone8028781963Phone
Date Prepared2012-10-15DatePrepared
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts2470069GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.VERMONTCOMMONS.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1996YearFormation
State Legal DomicileVTStateLegalDomicile
Activity Or Mission DescriptionVERMONT COMMONS SCHOOL STUDENTS EXPERIENCE A UNIQUE BLEND OF ACADEMICS AND GLOBAL IMMERSION, MASTER FUNDAMENTAL ACADEMIC DISCIPLINES, GRASP THE PROFOUND INTERDEPENDENCE OF THE NATURAL AND HUMAN SYSTEMS THEY INHABIT, AND GRADUATE WITH THE VALUES, KNOWLEDGE, SKILLS AND COMMITMENT NECESSARY TO BECOME ETHICAL AND ENGAGED ECOLOGICAL CITIZENS.ActivityOrMissionDescription
Nbr Voting Members Governing Body13NbrVotingMembersGoverningBody
Nbr Independent Voting Members13NbrIndependentVotingMembers
Total Nbr Employees41TotalNbrEmployees
Total Nbr Volunteers50TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year617900ContributionsGrantsPriorYear
Contributions Grants Current Year562488ContributionsGrantsCurrentYear
Program Service Revenue Prior Year1494481ProgramServiceRevenuePriorYear
Program Service Revenue CY1905450ProgramServiceRevenueCY
Investment Income Prior Year420InvestmentIncomePriorYear
Investment Income Current Year2131InvestmentIncomeCurrentYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year2112801TotalRevenuePriorYear
Total Revenue Current Year2470069TotalRevenueCurrentYear
Grants And Similar Amnts CY265331GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year1077037SalariesEtcPriorYear
Salaries Etc Current Year1152978SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year128737TotalFundrsngExpCurrentYear
Other Expense Prior Year582840OtherExpensePriorYear
Other Expenses Current Year638035OtherExpensesCurrentYear
Total Expenses Prior Year1659877TotalExpensesPriorYear
Total Expenses Current Year2056344TotalExpensesCurrentYear
Revenues Less Expenses Prior Year452924RevenuesLessExpensesPriorYear
Revenues Less Expenses CY413725RevenuesLessExpensesCY
Total Assets BOY2436197TotalAssetsBOY
Total Assets EOY2392525TotalAssetsEOY
Total Liabilities BOY2586009TotalLiabilitiesBOY
Total Liabilities EOY2129667TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY-149812NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY262858NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionVERMONT COMMONS SCHOOL STUDENTS EXPERIENCE A UNIQUE BLEND OF ACADEMICS AND GLOBAL IMMERSION, MASTER FUNDAMENTAL ACADEMIC DISCIPLINES, GRASP THE PROFOUND INTERDEPENDENCE OF THE NATURAL AND HUMAN SYSTEMS THEY INHABIT, AND GRADUATE WITH THE VALUES, KNOWLEDGE, SKILLS AND COMMITMENT NECESSARY TO BECOME ETHICAL AND ENGAGED ECOLOGICAL CITIZENS.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense1523502Expense
Grants265331Grants
Revenue1873388Revenue
DescriptionEDUCATION OF STUDENTS IN GRADES 7 THROUGH 12.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense31092Expense
Revenue32062Revenue
DescriptionTHE ACADEMIC ENRICHMENT CENTER OFFERS A VARIETY OF SERVICES BASED ON INDIVIDUAL NEED, EITHER TO SHORE UP FOUNDATIONAL SKILLS OR TO EXPAND ON STUDENTS INTERESTS. A TUTOR WITH PROFESSIONAL EXPERTISE WORKS ONE-ON-ONE WITH STUDENTS DURING STUDY HALLS. WITH AN UNDERSTANDING OF AN INDIVIDUALS LEARNING STYLE, THE TUTOR HELPS THE STUDENTS DEVELOP THE SKILLS THEY NEED TO WORK AT THEIR HIGHEST LEVEL. THESE SERVICES ARE MEANT TO HELP STUDENTS UNDERSTAND THEIR LEARNING PROFILES, TO CREATE WITH THEM THE STEPS NEEDED TO ACHIEVE SUCCESS, AND TO ASSIST THEM IN IMPLEMENTING THOSE STEPS.Description
FieldValueIRS element (for citing)
Total Program Service Expense1554594TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentstrueTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiestrueReportOtherLiabilities
Report Fin48 FootnotetrueReportFin48Footnote
Independent Audit Financial StmttrueIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchooltrueSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualstrueGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPtrueLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationtrueBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionstrueDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With10963NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees41NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Form8899 FiledfalseForm8899Filed
Form1098 C FiledfalseForm1098CFiled
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members13NbrVotingGoverningBodyMembers
Number Independent Voting Members13NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonPETER GILMORENamePerson
Telephone Number8028658084TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line175 GREEN MOUNTAIN DRIVEAddressLine1
CitySO BURLINGTONCity
StateVTState
ZIP Code05403ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (14 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
LISA FARGO
MEMBER2.00X000
MICHAEL RUSSELL
MEMBER2.00X000X
CRAIG HEINDEL
SECRETARY2.00X000X
PETER GOFF FACULTY MEMBER
MEMBER2.00X000
MARY HAMILTON-HOMER
MEMBER2.00X000
DEBRA LORD
TREASURER2.00X000
KYLER ROBINSON
MEMBER2.00X000
GEORGE STARBUCK
MEMBER2.00X000
REBECCA COLL
CHAIR2.00X000
BOB HILL
MEMBER2.00X000
BRIAN LEFFLER
MEMBER2.00X000
TINA MUELLER
MEMBER2.00X000
DERRICK SENIOR
MEMBER2.00X000
PETER GILMORE
HEAD OF VCS40.00107652015395X
FieldValueIRS element (for citing)
Total Reportable Comp From Org107652TotalReportableCompFromOrg
Total Other Compensation15395TotalOtherCompensation
Number Individuals GT100 K1NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
All Other Contributions562488AllOtherContributions
Noncash Contributions317240NoncashContributions
Total Contributions562488TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescriptionTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION INCOME18733881873388
ENRICHMENT SERVICE INCOME2364623646
STUDENT EVENT INCOME69106910
OTHER PROGRAM INCOME15061506
FieldValueIRS element (for citing)
Total Program Service Revenue1905450TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column1290TotalRevenueColumn
Exclusion$1,290ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Other841Other

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Other841Other

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column841TotalRevenueColumn
Exclusion$841ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column2470069TotalRevenueColumn
Related Or Exempt Function Income1905450RelatedOrExemptFunctionIncome
Exclusion$2,131ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total265331Total
Program Services265331ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total112000Total
Program Services16800ProgramServices
Management And General72800ManagementAndGeneral
Fundraising22400Fundraising

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total800173Total
Program Services567479ProgramServices
Management And General165006ManagementAndGeneral
Fundraising67688Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total154178Total
Program Services117592ProgramServices
Management And General23029ManagementAndGeneral
Fundraising13557Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total86627Total
Program Services61543ProgramServices
Management And General18192ManagementAndGeneral
Fundraising6892Fundraising

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total14947Total
Program Services9573ProgramServices
Management And General3897ManagementAndGeneral
Fundraising1477Fundraising

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total50210Total
Program Services32160ProgramServices
Management And General13090ManagementAndGeneral
Fundraising4960Fundraising

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total16051Total
Program Services10281ProgramServices
Management And General4184ManagementAndGeneral
Fundraising1586Fundraising

Advertising Advertising

FieldValueIRS element (for citing)
Total59370Total
Program Services15319ProgramServices
Management And General41688ManagementAndGeneral
Fundraising2363Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total20712Total
Program Services13266ProgramServices
Management And General5400ManagementAndGeneral
Fundraising2046Fundraising

Occupancy Occupancy

FieldValueIRS element (for citing)
Total31018Total
Program Services30088ProgramServices
Management And General682ManagementAndGeneral
Fundraising248Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total5658Total
Program Services5658ProgramServices

Interest Interest

FieldValueIRS element (for citing)
Total93500Total
Program Services87878ProgramServices
Management And General4157ManagementAndGeneral
Fundraising1465Fundraising

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total74162Total
Program Services71937ProgramServices
Management And General1632ManagementAndGeneral
Fundraising593Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total16826Total
Program Services16321ProgramServices
Management And General370ManagementAndGeneral
Fundraising135Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
REPAIRS AND MAINTENANCE79105767321740633
STUDENT ACTIVITIES6216662166
RESOURCE MATERIALS3636636366
PHYSICAL FITNESS1643216432

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total61512Total
Program Services41672ProgramServices
Management And General17146ManagementAndGeneral
Fundraising2694Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total2056344Total
Program Services1554594ProgramServices
Management And General373013ManagementAndGeneral
Fundraising128737Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY116704BOY
EOY66331EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY602692BOY
EOY356222EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY7100BOY
EOY34259EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY4982BOY
EOY1593EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY9514BOY
EOY9050EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis2070780LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec194179LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY1610712BOY
EOY1876601EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY19250BOY
EOY19107EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY65243BOY
EOY29362EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY2436197BOY
EOY2392525EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY126913BOY
EOY112787EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY742738BOY
EOY588225EOY

Loans From Officers Directors LoansFromOfficersDirectors

FieldValueIRS element (for citing)
BOY1691443BOY
EOY1354689EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY22134BOY
EOY71613EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY2781BOY
EOY2353EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY2586009BOY
EOY2129667EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY-289033BOY
EOY243751EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY119971BOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY19250BOY
EOY19107EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY-149812BOY
EOY262858EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY2436197BOY
EOY2392525EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses413725ReconcilationRevenueExpenses
Reconcilation Other Changes-1055ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited
Audit CommitteetrueAuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Disclosed Orgs Legal ControlfalseDisclosedOrgsLegalControl
Disclosed For Charitable PurposesfalseDisclosedForCharitablePurposes
Written Policy MonitoringfalseWrittenPolicyMonitoring
Sect170h Requirements SatisfiedfalseSect170hRequirementsSatisfied
Solicited Assets For SalefalseSolicitedAssetsForSale
Agent Trustee EtcfalseAgentTrusteeEtc
Included On FSfalseIncludedOnFS

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance19250BeginningOfYearBalance
Investment Earnings Or Losses175InvestmentEarningsOrLosses
Administrative Expenses318AdministrativeExpenses
End Of Year Balance19107EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance16066BeginningOfYearBalance
Investment Earnings Or Losses3490InvestmentEarningsOrLosses
Administrative Expenses306AdministrativeExpenses
End Of Year Balance19250EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance14647BeginningOfYearBalance
Investment Earnings Or Losses1734InvestmentEarningsOrLosses
Administrative Expenses315AdministrativeExpenses
End Of Year Balance16066EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance17341BeginningOfYearBalance
Investment Earnings Or Losses-2422InvestmentEarningsOrLosses
Administrative Expenses272AdministrativeExpenses
End Of Year Balance14647EndOfYearBalance
FieldValueIRS element (for citing)
Permanent Endowment EOY Balance1.00000PermanentEndowmentEOYBalance
Endowments Held By Unrelated OrgstrueEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgsfalseEndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule RfalseAreRelatedOrgsListedScheduleR

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis154713OtherCostOrOtherBasis
Book Value154713BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis1733009OtherCostOrOtherBasis
Depreciation114713Depreciation
Book Value1618296BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis137977OtherCostOrOtherBasis
Depreciation45566Depreciation
Book Value92411BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis45081OtherCostOrOtherBasis
Depreciation33900Depreciation
Book Value11181BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings1876601TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionSTUDENT TRIP DEPOSITSDescription
Amount$2,353Amount
FieldValueIRS element (for citing)
Total Of Amounts2353TotalOfAmounts
Total Revenue2470069TotalRevenue
Total Expenses2056344TotalExpenses
Excess Or Deficit For Year413725ExcessOrDeficitForYear
Net Unrealized GL On Investments-1055NetUnrealizedGLOnInvestments
Total Adjustments-1055TotalAdjustments
Excess Or Deficit Per FS412670ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt2203683TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments-1055NetUnrealizedGainsInvestments
Revenue Not Rptd F990-1055RevenueNotRptdF990
Revenue Subtotal2204738RevenueSubtotal
Other Revenues Not Included265331OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt265331RevenueNotRptdOnFinStmt
Total Revenue Per Form9902470069TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt1791013TotExpensesEtcAuditedFinclStmt
Expenses Subtotal1791013ExpensesSubtotal
Other Expenses Not Included265331OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt265331ExpensesNotRptdOnFinStmt
Total Expenses Per Form9902056344TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
LIABILITY UNDER FIN 48 FOOTNOTESCHEDULE D, PAGE 3, PART XTHE SCHOOL ANNUALLY FILES AN IRS FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, TAX RETURN IN THE U.S. FEDERAL JURISDICTION. THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATION BY TAX AUTHORITIES FOR THE YEARS PRIOR TO JUNE 30, 2009. IN THE NORMAL COURSE OF BUSINESS, THE SCHOOL IS SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES. ALTHOUGH THE OUTCOME OF TAX AUDITS IS ALWAYS UNCERTAIN, THE MANAGEMENT OF THE SCHOOL BELIEVES THAT THERE ARE NO SIGNIFICANT UNRECOGNIZED TAX LIABILITIES AT JUNE 30, 2012 AND 2011, RESPECTIVELY.
RECONCILIATION OF CHANGES - OTHERSCHEDULE D, PAGE 4, PART XI, LINE 8FINANCIAL AID -262,331 SIBLING DISCOUNTS -3,000 FINANCIAL AID 262,331 SIBLING DISCOUNTS 3,000
REVENUE AMOUNTS INCLUDED ON RETURN - OTHERSCHEDULE D, PAGE 4, PART XII, LINE 4BFINANCIAL AID 262,331 SIBLING DISCOUNTS 3,000
EXPENSE AMOUNTS INCLUDED ON RETURN - OTHERSCHEDULE D, PAGE 4, PART XIII, LINE 4BFINANCIAL AID 262,331 SIBLING DISCOUNTS 3,000

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmttrueNondiscriminatoryPolicyStmt
Policy Statement In Brochures EtctruePolicyStatementInBrochuresEtc
Policy Publ Via Broadcast MediatruePolicyPublViaBroadcastMedia
Maint Racial Composition RecordstrueMaintRacialCompositionRecords
Maint Scholarships RecordstrueMaintScholarshipsRecords
Maint Copies Of Brochures EtctrueMaintCopiesOfBrochuresEtc
Maint Copies Of All SolicitationstrueMaintCopiesOfAllSolicitations
Discriminate Race Students RightsfalseDiscriminateRaceStudentsRights
Discriminate Race Admiss PoliciesfalseDiscriminateRaceAdmissPolicies
Discriminate Race Emplmn FacultyfalseDiscriminateRaceEmplmnFaculty
Discriminate Race ScholarshipsfalseDiscriminateRaceScholarships
Discriminate Race Educ PoliciesfalseDiscriminateRaceEducPolicies
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFclts
Discriminate Race Athletic ProgfalseDiscriminateRaceAthleticProg
Discriminate Race Other ActyfalseDiscriminateRaceOtherActy
Government Financial Aid ReceivedfalseGovernmentFinancialAidReceived
Government Financial Aid RevokedfalseGovernmentFinancialAidRevoked
Compliance With Rev Proc7550trueComplianceWithRevProc7550

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedfalseRecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantSCHOLARSHIPSTypeOfGrant
Number Of Recipients36NumberOfRecipients
Amount Of Cash Grant265331AmountOfCashGrant
Method Of ValuationFMVMethodOfValuation

Schedule L IRS990ScheduleL

Loan Table LoanTable (3 entries)

Purpose Of LoanPurposeOfLoanLoan To OrganizationLoanToOrganizationOriginal PrincipalOriginalPrincipalAmountBalance DueBalanceDueDefaultDefaultApproved By BoardApprovedByBoardWritten AgreementWrittenAgreement
GEORGE PAMMELLA STARBUCK
TO PURCHASE SCHOOL BUILDINGX$1,400,0001309565falsetruetrue
GEORGE PAMMELLA STARBUCK
LOAN CLOSING COSTSX$43,20031569falsetruetrue
JUDY CHAVES CRAIG HEINDEL
WORKING CAPITALX$20,00013555falsetruetrue
FieldValueIRS element (for citing)
Total Balance Due1354689TotalBalanceDue

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

FieldValueIRS element (for citing)
Name PersonGEORGE STARBUCKNamePerson
FieldValueIRS element (for citing)
RelationshipMEMBERRelationship
Amount Of Transaction1341133AmountOfTransaction
Description Of TransactionSCHOOL BUILDINGDescriptionOfTransaction
Sharing Of RevenuesfalseSharingOfRevenues

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTraded

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions3NumberOfContributions
Noncash Contribs Rptd F99043586NoncashContribsRptdF990
Method Of Determining RevenuesCASH VALUEMethodOfDeterminingRevenues

Other Non Cash Contributions Table OtherNonCashContributionsTable

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
DescriptionDEBT FORGIVNESSDescription
Number Of Contributions3NumberOfContributions
Noncash Contribs Rptd F990273654NoncashContribsRptdF990
Method Of Determining RevenuesCASH VALUEMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeld
Review Process Unusual NC GiftstrueReviewProcessUnusualNCGifts
Third Parties UsedtrueThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII

FieldValueIRS element (for citing)
IdentifierTHIRD PARTY USED TO PROCESS NONCASH CONTRIBUTIONSIdentifier
Return ReferenceSCHEDULE M, PAGE 1, PART I, LINE 32BReturnReference
ExplanationTHE ORGANIZATION USES AN INVESTMENT BROKER TO SELL STOCK DONATIONS.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
ORGANIZATION'S MISSIONFORM 990 - ORGANIZATION'S MISSIONVERMONT COMMONS SCHOOL STUDENTS EXPERIENCE A UNIQUE BLEND OF ACADEMICS AND GLOBAL IMMERSION, MASTER FUNDAMENTAL ACADEMIC DISCIPLINES, GRASP THE PROFOUND INTERDEPENDENCE OF THE NATURAL AND HUMAN SYSTEMS THEY INHABIT, AND GRADUATE WITH THE VALUES, KNOWLEDGE, SKILLS AND COMMITMENT NECESSARY TO BECOME ETHICAL AND ENGAGED ECOLOGICAL CITIZENS.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990FORM 990, PAGE 6, PART VI, LINE 11BVT COMMONS SCHOOL MAKES THE 990 AVAILABLE FOR ALL BOARD MEMBERS TO REVIEW PRIOR TO FILING VIA THEIR SECURE PORTAL, VIA EMAIL, OR IN HARDCOPY.
ENFORCEMENT OF CONFLICTS POLICYFORM 990, PAGE 6, PART VI, LINE 12CIT IS ENFORCED AT THE BOARD LEVEL AT THEIR MEETINGS.
COMPENSATION PROCESS FOR TOP OFFICIALFORM 990, PAGE 6, PART VI, LINE 15ATHE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE HEAD OF SCHOOLS COMPENSATION.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONFORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIALS STATEMENTS AVAILABLE TO THE GENERAL PUBLIC BY PROVIDING COPIES UPON REQUEST.

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