Southern Vermont College
- Assets
- $0.0
- Revenue
- -$3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Bennington, VT
- Founding
- 10/1971
- Data as of
- 06/2022
- EIN
- 03-0214106
Organization Overview
Southern Vermont College is located in Bennington, VT. The organization was established in 1971. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Vermont College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FULL-TIME AND PART-TIME POST-SECONDARY EDUCATIONAL SERVICES.THE COLLEGE CLOSED DURING FISCAL YEAR ENDING JUNE 30, 2019.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE CLOSED ON JUNE 30, 2019
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Newell Trustee | Trustee | 1 | $0 |
Toby Potterton Trustee | Trustee | 1 | $0 |
Susan Hunter Vice Chair | Trustee | 1 | $0 |
Carol Conroy Trustee | Trustee | 1 | $0 |
Carmen J Lawrence Trustee | Trustee | 1 | $0 |
Deborah Wiley Secretary | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc | 6/29/18 | $1,078,078 |
Jtg Construction Llc | 6/29/18 | $112,208 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,787,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$3,787,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,650,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $362,018 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,678,572 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $710,449 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,078 |
| Total liabilities | $2,772,117 |
| Net assets without donor restrictions | -$2,772,117 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Southern Vermont College has recieved totaling $45,100.
| Awarding Organization | Amount |
|---|---|
Chilmark Foundation New York, NY PURPOSE: GENERAL FUND | $25,000 |
Paypal Charitable Giving Fund Washington, DC | | $19,600 |
Emily F A Gill Trust 40 0000170 Shawmut First Bank & Trust Co Tr Dallas, TX PURPOSE: SCHOLARSHIP | $500 |
View Grant Recipient Profile
Endowment Analysis
| Beg. Balance | $3,084,450 |
| Earnings | $153,604 |
| Net Contributions | $8,500 |
| Other Expense | -$562,564 |
| Ending Balance | $2,683,990 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marlboro College Foxborough, MA | $37,753,712 | $8,202,208 |
Boricua College New York, NY | $59,386,544 | $9,310,938 |
Purchase College Association Inc Suny College At Purchase Purchase, NY | $7,359,023 | $12,412,930 |
Bard College Berlin A Liberal Arts University Ggmbh Annandaleonhudson, NY | $6,902,665 | $9,754,938 |
Sattler College Inc Boston, MA | $4,505,835 | $11,233,247 |
Sterling College Craftsbury Common, VT | $8,938,081 | $9,817,486 |
Hebrew College Newton, MA | $18,470,927 | $14,279,250 |
Fei Tian College Cuddebackville, NY | $23,027,384 | $17,138,947 |
Goddard College Corporation Plainfield, VT | $9,435,038 | $9,382,113 |
Glasgow Caledonian New York College New York, NY | $1,610,986 | $5,230,742 |
Thomas More College Of Liberal Arts Incorporated Merrimack, NH | $7,226,691 | $5,235,090 |
Morrisville College Foundation Inc Morrisville, NY | $23,531,856 | $5,429,338 |