2012-05-15T13:05:28-05:00 2011-06-30 Berry Dunn McNeil & Parker LLC 1000 Elm Street 15th Floor Manchester NH 03101 990 2010-07-01 237251952 Vermont Law School VERM 8028311000 PO Box 96 South Royalton VT 05068 Lorraine Atwood 8028311000 2012-05-10 1 Rachel Williamson CPA 6036697337 2012-05-10 2010 2016-02-24 21:20:13Z Lorraine Atwood PO Box 96 South Royalton VT 05068 39288616 0 X www.vermontlaw.edu X 1973 VT To educate students in a diverse community that fosters personal growth and that enables them to attain outstanding professional skills and high ethical values with which to serve as lawyers and environmental and other professionals in an increasingly technological and interdependent global society. 32 31 631 0 0 0 4526439 4679493 28037676 31501249 209899 433024 0 0 32774014 36613766 6414725 8018314 0 0 16082809 17361080 57627 0 1135926 9486328 11327983 32041489 36707377 732525 -93611 41084731 46807827 15948775 20284689 25135956 26523138 X To educate students in a diverse community that fosters personal growth and that enables them to attain outstanding professional skills and high ethical values with which to serve as lawyers and environmental and other professionals in an increasingly technological and interdependent global society. 0 0 30013759 8018314 31293478 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. The law school hosted over 150 symposia speakers, and other presentations during the academic year. In 2011, 815 full-time students were enrolled in JD and other advanced degree programs. Vermont Law School awarded 290 JD and other advanced degrees. 30013759 1 1 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 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1089 0 1 631 1 0 0 0 0 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Tong Jett 8028311209 PO Box 96 South Royalton VT 05068 Geoffrey B Shields 60.00 X X 306445 0 15560 Ed Mattes 5.00 X X 0 0 0 Jean-Paul Isabelle 5.00 X 0 0 0 Richard Ayers 5.00 X 0 0 0 Edna Baugh 5.00 X 0 0 0 Glenn J Berger 5.00 X 0 0 0 Randolph Brock 5.00 X 0 0 0 Christopher Dutton 5.00 X 0 0 0 Perez Ehrich 5.00 X X 0 0 0 M Jerome Diamond 5.00 X 0 0 0 Janice A Forgays 5.00 X 0 0 0 Michelle Gatto 5.00 X 0 0 0 Sheppard Guryan 5.00 X 0 0 0 Hon Peter Hall 5.00 X 0 0 0 James Hanson II 5.00 X 0 0 0 Randy Hertz 5.00 X 0 0 0 Gerard Jones 5.00 X 0 0 0 William Leckerling 5.00 X 0 0 0 Lori Malloy 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 Robert Rachlin 5.00 X 0 0 0 Jason Hutt 5.00 X 0 0 0 Mark Sciarrotta 5.00 X 0 0 0 Charles E Shafer 5.00 X 0 0 0 Alison Stones 5.00 X 0 0 0 Robert Taisey 5.00 X 0 0 0 Mary Wilson 5.00 X 0 0 0 Frances E Yates 5.00 X 0 0 0 Colleen Connor 5.00 X 0 0 0 William Lytton 5.00 X 0 0 0 Lorraine Atwood 40.00 X 144333 0 21230 Helen McCarthy 40.00 X 60479 0 16868 Gilbert Kujovich 40.00 X 177845 0 19049 Marc B Mihaly 40.00 X 174120 0 20216 Stephanie T Farrior 40.00 X 165673 0 20578 Michael Dworkin 40.00 X 150886 0 16859 David Firestone 40.00 X 157355 0 17569 Oliver Goodenough 40.00 X 150927 0 22027 1488063 0 169956 43 0 1 0 Trumbell Nelson PO Box 1000 Hanover NH 03755 Contractor 419768 Advanced Cleaning PO Box 5404 West Lebanon NH 03784 Cleaning 210837 Truex Cullins & Partners 209 Battery St Burlington VT 05401 Contractor 168758 Bradford Brook Associates PO Box 497 Peru VT 05152 Consulting 132000 Lou Helmouth 2612 25th Street San Francisco CA 94110 Consulting 126850 6 2954222 1725271 71116 4679493 Tuition and Fees 611600 30817002 30817002 Miscellaneous Revenue 900099 424169 424169 Auxiliary Enterprises 900099 260078 52307 207771 31501249 240968 240968 2866906 2674850 192056 192056 192056 36613766 31293478 0 640795 143926 143926 7655001 7655001 219387 219387 761809 196894 529751 35164 13561456 11375332 1540477 645647 845242 684082 121277 39883 1209813 923721 229139 56953 982760 799169 138157 45434 84791 84791 83127 83127 73514 73514 241739 38671 203068 600686 187724 310860 102102 1007450 783627 198763 25060 110553 110553 953877 832190 71020 50667 541305 349306 158069 33930 349590 290160 59430 962018 834292 111671 16055 170167 13869 156298 Library Resources 1098098 1098098 Student Insurance 1091653 1091653 Loss on Bond Defeasance 950123 950123 Consultants 690685 590027 94691 5967 Plant Allocations 532272 448040 69904 14328 1786335 1348037 373562 64736 36707377 30013759 5557692 1135926 800 800 8175214 10123755 1601929 1915458 243060 378469 2948587 2909763 303096 504397 28400939 9661912 17605296 18739027 10086784 11919907 119965 316251 41084731 46807827 1611392 1925392 1908378 1986000 10101639 14045931 2327366 2327366 15948775 20284689 X 17557744 18318540 2686380 3187014 4891832 5017584 25135956 26523138 41084731 46807827 X -93611 1480793 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10139483 128252 1778282 439043 11606974 9637439 500796 367867 366619 10139483 12757548 111773 -2683748 548134 9637439 0.43450 0.42760 0.13790 0 0 532833 532833 19842866 5327400 14515466 379708 220874 158834 2657470 1659457 998013 4988062 2454181 2533881 18739027 Refundable Advances 2327366 2327366 36613766 36707377 -93611 1480793 1480793 1387182 28364415 1480793 1480793 26883622 73514 9656630 9730144 36613766 26977233 0 26977233 73514 9656630 9730144 36707377 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 XII, Line 4b - Other Adjustments: Institutional Aid & Scholarships 7,655,001. Purchase of Collection Items 747,547. Other Non-Operating Expenses 300,962. Discounts and Allowances 2,997. Loss on Bond Defeasance 950,123. Part XIII, Line 4b - Other Adjustments: Discounts and Allowances 2,997. Other Non-Operating Expenses 300,962. Institutional Aid & Scholarships 7,655,001. Purchase of Collection Items 747,547. Loss on Bond Defeasance 950,123. 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 all 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 219387 0 0 0 0 0 0 219387 0 219387 East Asia and the Pacific Legal Training 219387 Wire Transfer 0 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) 124324 Assist with the China Program activities both in the United States and China. 1 Scholarships and other student aid 569 7655001 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 306445 0 0 0 0 0 12799 0 2761 0 322005 0 0 0 Lorraine Atwood 144333 0 0 0 0 0 10773 0 10457 0 165563 0 0 0 Gilbert Kujovich 177845 0 0 0 0 0 13566 0 5483 0 196894 0 0 0 Marc B Mihaly 174120 0 0 0 0 0 0 0 20216 0 194336 0 0 0 Stephanie T Farrior 165673 0 0 0 0 0 0 0 20578 0 186251 0 0 0 Michael Dworkin 150886 0 0 0 0 0 0 0 16859 0 167745 0 0 0 David Firestone 157355 0 0 0 0 0 0 0 17569 0 174924 0 0 0 Oliver Goodenough 150927 0 0 0 0 0 0 0 22027 0 172954 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. Prior to award and payment, the President, Dean and the Vice President for Finance and Administration must approve the bonus as well as the human resources department which checks for adherence to pre-established goals and consistency. Vermont Educational and Health Buiding Financing 237154667 9241603Z5 2003-06-19 3940000 Finance Building and Equipment 0 0 0 Vermont Educational and Health Buiding Financing 237154667 2011-03-24 10750000 Finance Building and Equipment 0 0 0 3940000 1795000 144460 2000540 2003 1 0 1 1 10750000 189577 10560423 2011 1 0 1 1 0 0 0 0 0 0 0 0 0 0 X 4 71116 FMV X Catering 1 21420 FMV X Miscellaneous 7 1505 FMV 0 0 0 Form 990, Part VI, Section B, line 11 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 and other highly compensated employees 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 and states that the salary may be adjusted annually at the discretion of the Board. Salaries for all employees are determined 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, as well as all other employees is annually reviewed by the Budget and Finance Committee of the Board of Trustees who recommend the budget in total to the Full Board of Trustees for approval. 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 1,480,793. Form 990, Part XI, Line 2c The organization has not changed its oversight process or selection process during the tax year.