Vermont Sustainable Jobs Fund Inc
- Assets
- $3.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 20
- Location
- Montpelier, VT
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 03-0349736
Organization Overview
Vermont Sustainable Jobs Fund Inc is located in Montpelier, VT. The organization was established in 1996. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2022, Vermont Sustainable Jobs Fund Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Sustainable Jobs Fund 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 12/2022, Vermont Sustainable Jobs Fund Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vermont Sustainable Jobs Fund Inc has awarded 47 individual grants totaling $1,032,024. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE NURTURE THE ECONOMIC PROSPERITY, ECOLOGICAL HEALTH, AND SOCIAL CONNECTIVITY OF PEOPLE, BUSINESSES, ORGANIZATIONS AND COMMUNITIES IN VERMONT FOR THE BENEFIT AND WELL-BEING OF ALL WHO LIVE HERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VERMONT SUSTAINABLE JOBS FUND (VSJF) WAS DESIGNATED BY THE VERMONT LEGISLATURE IN 2009 TO SERVE AS THE ADMINISTRATOR OF THE FARM TO PLATE INVESTMENT PROGRAM, WITH THE AIM OF STRENGTHENING VERMONT'S FOOD SYSTEM OVER TEN YEARS. IN 2019, THE LEGISLATURE REAUTHORIZED ANOTHER TEN YEARS OF THE FARM TO PLATE INVESTMENT PROGRAM TO: INCREASE SUSTAINABLE ECONOMIC DEVELOPMENT AND CREATE JOBS IN VERMONT'S FOOD AND FARM SECTOR; 2. IMPROVE SOILS, WATER, AND RESILIENCY OF THE WORKING LANDSCAPE IN THE FACE OF CLIMATE CHANGE; AND 3. IMPROVE ACCESS TO HEALTHY LOCAL FOODS FOR ALL VERMONTERS.
THE DELTACLIMEVT BUSINESS ACCELERATOR IS A VERMONT-BASED PROGRAM SERVING STARTUP AND SEED-STAGE VENTURES FOCUSING ON CLIMATE ECONOMY INNOVATION ACROSS MULTIPLE INDUSTRIES. OUR THREE IMMERSIVE SPRINTS HELP COMPANIES REFINE THEIR VISION, SOLIDIFY THEIR STRATEGY, AND ENABLE RAPID GROWTH. PARTICIPANTS GRADUATE WITH IMPROVED BUSINESS PLANS, NEW TOOLS TO ATTRACT INVESTORS, AND THE POTENTIAL TO GROW THEIR BUSINESS OPPORTUNITIES IN VERMONT AND BEYOND. THE FLEXIBLE CAPITAL FUND, L3C (FLEX FUND) IS A MISSION-BASED, FOR PROFIT INVESTMENT FUND LAUNCHED IN 2011 THAT PROVIDES FLEXIBLE RISK CAPITAL TO INNOVATIVE GROWTH STAGE COMPANIES IN VERMONT'S FOOD SYSTEM, FORESTRY AND CLEAN TECHNOLOGY SECTORS. THE VERMONT SUSTAINABLE JOBS FUND SERVES AS THE FLEX FUND'S MANAGER, AND THROUGH CONTRACTUAL ARRANGEMENT PROVIDES FUND MANAGEMENT SERVICES AND ADMINISTRATIVE SUPPORT TO THE FLEX FUND ON A FEE FOR SERVICE BASIS. DECISION-MAKING AUTHORITY AND GOVERNANCE FOR THE FLEX FUND IS DONE SOLELY THROUGH THE FLEX FUND'S BOARD OF MANAGERS.
THE VERMONT SUSTAINABLE JOBS FUND'S BUSINESS ASSISTANCE PROGRAM SERVES CLIENTS CONNECTED TO AGRICULTURE AND FOOD SYSTEM, FOREST PRODUCT, WASTE MANAGEMENT, RENEWABLE ENERGY, AND ENVIRONMENTAL TECHNOLOGY SECTORS. WE PROVIDE TAILORED, HIGH-TOUCH PLANNING, COACHING, AND ADVISING FOR BUSINESS OWNERS AND THEIR MANAGEMENT TEAMS TO ADVANCE PROFITABILITY, JOB CREATION, AND SUSTAINABLE BUSINESS DEVELOPMENT.
THE VERMONT SUSTAINABLE JOBS FUND'S FOREST PRODUCTS PROGRAM SUPPORTS AND PROMOTES VERMONT'S FOREST PRODUCTS INDUSTRY THROUGH THE DEVELOPMENT OF VALUE CHAIN INVESTMENT STRATEGIES AND A COMMUNICATIONS STRATEGY TO IMPROVE MARKET OPPORTUNITIES FOR THE INDUSTRY. THE PROGRAM IS A COLLABORATIVE PARTNERSHIP BETWEEN THE VERMONT SUSTAINABLE JOBS FUND AND THE VERMONT WORKING LANDS ENTERPRISE INITIATIVE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Kahler Executive Di | Officer | 40 | $111,000 |
Janice St Onge Director & P | 40 | $101,412 | |
Nate Hausman Chair | OfficerTrustee | 1 | $0 |
Shelly Severinghaus Vice Chair | OfficerTrustee | 1 | $0 |
Noelle Mackay Secretary/tr | OfficerTrustee | 1 | $0 |
Tayt Brooks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $908,339 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,224,704 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,133,043 |
| Total Program Service Revenue | $216,270 |
| Investment income | $294,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$985 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,643,002 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,431 |
| Grants and other assistance to domestic individuals. | $2,875 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,196 |
| Compensation of current officers, directors, key employees. | $49,678 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $696,218 |
| Pension plan accruals and contributions | $16,749 |
| Other employee benefits | $71,083 |
| Payroll taxes | $63,538 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,205 |
| Fees for services: Accounting | $14,623 |
| Fees for services: Lobbying | $1,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $638,592 |
| Advertising and promotion | $13,889 |
| Office expenses | $46,915 |
| Information technology | $32,665 |
| Royalties | $0 |
| Occupancy | $45,489 |
| Travel | $22,676 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83,326 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,216 |
| Insurance | $5,706 |
| All other expenses | $340 |
| Total functional expenses | $2,032,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,901 |
| Savings and temporary cash investments | $1,639,699 |
| Pledges and grants receivable | $619,079 |
| 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 | $60,387 |
| Net Land, buildings, and equipment | $89,095 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,081,536 |
| Intangible assets | $0 |
| Other assets | $49,877 |
| Total assets | $3,551,574 |
| Accounts payable and accrued expenses | $204,588 |
| Grants payable | $0 |
| Deferred revenue | $65,754 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,877 |
| Total liabilities | $320,219 |
| Net assets without donor restrictions | $1,688,625 |
| Net assets with donor restrictions | $1,542,730 |
| 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 | $3,551,574 |
Grants Awarded
Over the last fiscal year, Vermont Sustainable Jobs Fund Inc has awarded $30,935 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THIRD SECTOR NE MISSIONWORKS PURPOSE: F2P NETWORK GRANT | $15,050 |
HARTFORD FOOD SYSTEM PURPOSE: F2P NETWORK GRANT | $5,149 |
UNH FOUNDATION PURPOSE: F2P NETWORK GRANT | $10,736 |