Vermont River Conservancy Inc
- Assets
- $1.5m
- Revenue
- $661.9k
- Investments
- $53.8k
- Employees
- 4
- Location
- Montpelier, VT
- Founding
- 02/1996
- Data as of
- 12/2021
- EIN
- 03-0347147
Organization Overview
Vermont River Conservancy Inc is located in Montpelier, VT. The organization was established in 1996. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Vermont River Conservancy Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont River Conservancy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Vermont River Conservancy Inc generated $661.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $715.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROTECT LAND ALONG RIVERS, LAKES AND WETLANDS OF VERMONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND CONSERVATION PROJECTS. THE NEGOTIATION FOR RIGHTS, OPTIONS, AND THE PURCHASE OF LANDS ADJACENT TO RIVERS AND STREAMS SO THAT OTHER NON-PROFIT ORGANIZATIONS OR GOVERNMENTS CAN CONTROL THEIR USE AND PRESERVE THE WILDLIFE HABITAT, NATURAL COMMUNITIES, AND BIODIVERSITY ALONG RIVERS AND STREAMS. THE GOAL IS TO PROTECT THE LANDS ALONG THESE WATERS OF VERMONT FOR RECREATION, EDUCATION, AND AESTHETIC ENJOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Libby Executive Di | Officer | 40 | $93,500 |
Kathleen Whelley Mccabe Chair | OfficerTrustee | 0.5 | $0 |
Matisse Bustos Vice Chair | OfficerTrustee | 0.5 | $0 |
David Hajdasz Treasurer | OfficerTrustee | 0.5 | $0 |
Scott Muller Secretary | OfficerTrustee | 0.5 | $0 |
Derek Moretz Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $301,804 |
| All other contributions, gifts, grants, and similar amounts not included above | $281,082 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $582,886 |
| Total Program Service Revenue | $0 |
| Investment income | $64,141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,421 |
| Net Gain/Loss on Asset Sales | $4,306 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,177 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $661,931 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $172,335 |
| 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. | $93,500 |
| Compensation of current officers, directors, key employees. | $31,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,373 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,109 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,307 |
| Advertising and promotion | $0 |
| Office expenses | $4,986 |
| Information technology | $18,461 |
| Royalties | $0 |
| Occupancy | $6,300 |
| Travel | $5,292 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $216 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $305 |
| Insurance | $9,008 |
| All other expenses | $0 |
| Total functional expenses | $715,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,582 |
| Savings and temporary cash investments | $30,503 |
| Pledges and grants receivable | $29,340 |
| 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 | $1,198 |
| Net Land, buildings, and equipment | $198,868 |
| Investments—publicly traded securities | $1,099,224 |
| Investments—other securities | $53,790 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,512,505 |
| Accounts payable and accrued expenses | $22,535 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $116,250 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $103,073 |
| Total liabilities | $241,858 |
| Net assets without donor restrictions | $361,480 |
| Net assets with donor restrictions | $909,167 |
| 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 | $1,512,505 |
Grants Awarded
Over the last fiscal year, Vermont River Conservancy Inc has awarded $430,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Montpelier, VT PURPOSE: COMPLETED LAND CONSERVATION PROJECTS GIVEN TO ORGANIZATION FOR LONG-TERM MANAGEMENT. | $352,750 |
TOWN OF BETHEL PURPOSE: COMPLETED LAND CONSERVATION PROJECT GIVEN TO TOWN. | $55,000 |
Greenfield, MA PURPOSE: CHANGE IN FISCAL SPONSORS FROM THE ORGANIZATION TO CONNECTICUT RIVER CONSERVANCY. | $23,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Vermont River Conservancy Inc has recieved totaling $107,957.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general support, protect public access to lands | $58,498 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SUPPORT OF ENVIRONMENTAL PROGRAMS | $20,000 |
Aarp Washington, DC PURPOSE: Grant to support AARP's livable community initiative | $11,710 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $7,500 |
Kelsey Trust Lincoln, MA PURPOSE: GENERAL SUPPORT | $4,000 |
Redducs Chartered Foundation Corporation South Burlington, VT PURPOSE: GENERAL SUPPORT | $2,000 |
Endowment Analysis
| Beg. Balance | $469,118 |
| Earnings | $80,442 |
| Other Expense | $12,000 |
| Ending Balance | $537,560 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Middlesex Opportunity Council Inc Framingham, MA | $58,219,671 | $100,623,342 |
Bronxworks Inc Bronx, NY | $54,602,777 | $94,783,683 |
Sheltering Arms Children And Family Services Inc New York, NY | $61,235,788 | $88,686,017 |
North Shore Community Services Inc Westbury, NY | $256,637,537 | $86,285,675 |
Catholic Charities Of The Diocese Of Rochester Rochester, NY | $80,143,075 | $94,807,036 |
Community Assistance Resources & Extended Services Inc New York, NY | $66,076,171 | $123,796,849 |
New Hampshire Catholic Charities Inc Manchester, NH | $140,545,315 | $96,098,300 |
Jewish Child Care Association Of New York Brooklyn, NY | $129,020,546 | $88,573,003 |
Urban Resource Institute New York, NY | $63,202,447 | $74,244,658 |
Mount Sinai Health System Executive V P For Finance New York, NY | $0 | $70,946,441 |
Birch Family Services Inc New York, NY | $68,113,610 | $78,917,553 |
Catholic Charities Of The Roman Catholic Diocese Of Syracuse Ny Syracuse, NY | $64,792,131 | $74,096,320 |