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The Vermont Community Foundation

Middlebury, VT · EIN 22-2712160 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

The Vermont Community Foundation reported $54.0 million in revenue and $58.8 million in expenses for calendar year 2024. Of every $100 it spent, $86.53 went to program services, $11.27 to management and general costs and $2.20 to fundraising. Its largest source of revenue was contributions and grants: 73.5% of the total. The highest compensation it reported for one person was $320,185 (CEO). 12 people received more than $100,000 in reportable compensation. Revenue rose 72% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $59M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $54M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
86.5%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
11.3%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
2.2%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.03$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
73.5%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.3%0.0%
Program service revenue share
Part VIII 2g ÷ 12
3.4%0.0%
Highest reported compensation
Part VII-A, columns D–F
$320,185$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.54%1.56%
People paid over $100,000
Part VII, line 2
123
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
73.356.6
Independent voting board members
Part VI 1a–1b
16 of 16100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$51M expenses · 100.0% of program spending · grants $49M · revenue $1.8M

The Vermont Community Foundation inspires giving and brings people and resources together to make a difference in vermont. A family of hundreds of funds and foundations, the foundation provides the advice, investment vehicles, and back-office expertise that make it easy for the people who care about vermont to find and fund the causes they love. The foundation also provides nonprofit endowment management and planned giving services. In 2024, the foundation had nearly $68 million at work in the community through grants, mission investments, and programmatic activity.the heart of the Community…

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Officer, 46.00 hrs/week
$245,371$0$74,814$320,185
VP FOR STRATEGY AND COMMUNICATIONS
Officer, 50.00 hrs/week
$154,331$0$42,995$197,326
VP FOR PHILANTHROPY
Officer, 48.00 hrs/week
$136,248$0$54,062$190,310
VP FOR OPERATIONS AND ADMINISTRATION
Officer, 48.00 hrs/week
$155,999$0$24,681$180,680
VP FOR FINANCE
Officer, 48.00 hrs/week
$165,305$0$8,599$173,904
VP FOR GRANTS & COMMUNITY INVESTMENT
Officer, 48.00 hrs/week
$139,858$0$9,313$149,171
SR PHILANTHROPIC ADVISOR
Highest compensated employee, 40.00 hrs/week
$103,318$0$40,669$143,987
SR. PHILANTHROPIC ADVISOR
Highest compensated employee, 40.00 hrs/week
$121,288$0$10,174$131,462

12 people received more than $100,000 in reportable compensation from The Vermont Community Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.2M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80M201920202021202220232024$54M$59M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$54M$59M86.5%$359M$320,185
2023 ⓘ$53M$49M85.6%$345M$290,462
2022 ⓘ$40M$40M83.5%$305M$265,825
2021 ⓘ$80M$42M83.9%$361M$266,907
2020 ⓘ$39M$34M82.9%$300M$255,497
2019 ⓘ$31M$29M82.5%$279M$243,175

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b16 · 16 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 553
  • Volunteers Part I, line 6230

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
ARMININO LLP
Consulting
$242,658
CLIFTONLARSONALLEN LLP
Audit services
$139,010
AMY R SCHAEFFLER
Consulting
$127,941

Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.

Private foundation grants it received

72 private foundations reported grants to The Vermont Community Foundation totaling $10M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from The Vermont Community Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Vermont Community Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All philanthropy, voluntarism & grantmaking charities · Largest charities in Vermont

Questions people ask

How much of The Vermont Community Foundation's spending goes to programs?

In calendar year 2024, The Vermont Community Foundation reported that 86.5% of its $58.8 million in expenses went to program services, 11.3% to management and general and 2.2% to fundraising (Form 990, Part IX).

How much does The Vermont Community Foundation pay its top executive?

The largest total compensation The Vermont Community Foundation reported for one person in calendar year 2024 was $320,185, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does The Vermont Community Foundation get its money?

Of $54.0 million in revenue in calendar year 2024, 73.5% came from contributions and grants (including 0.3% from government grants) and 3.4% from program service revenue (Form 990, Part VIII).

Is The Vermont Community Foundation a registered charity?

The IRS lists EIN 22-2712160 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202523169349303612 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202433209349327198 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202303199349325650 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202213199349316836 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202143199349317514 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202013189349310821 · read the filing

All filings for EIN 22-2712160: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.