Vermont Sustainable Jobs Fund Inc
- Assets
- $2.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 15
- Location
- Montpelier, VT
- Founding
- 03/1996
- Data as of
- 12/2021
- 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 12/2021, Vermont Sustainable Jobs Fund Inc employed 15 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 12/2021, Vermont Sustainable Jobs Fund Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $720.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vermont Sustainable Jobs Fund Inc has awarded 49 individual grants totaling $1,100,089. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE VERMONT SUSTAINABLE JOBS FUND (VSJF) IS A NON-PROFIT ORGANIZATION COMMITTED TO NURTURING THE SUSTAINABLE DEVELOPMENT OF VERMONT'S ECONOMY.
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 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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Kahler Executive Di | Officer | 40 | $112,051 |
Nate Hausman Chair | OfficerTrustee | 1 | $0 |
Robin Scheu Secretary/tr | OfficerTrustee | 1 | $0 |
Shelly Severinghaus Vice Chair | OfficerTrustee | 1 | $0 |
Andrea Cohen Director | Trustee | 1 | $0 |
Anson Tebbetts Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $342,749 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,015,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,357,929 |
| Total Program Service Revenue | $125,641 |
| Investment income | $226,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,455 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,711,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,508 |
| Grants and other assistance to domestic individuals. | $5,591 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,406 |
| Compensation of current officers, directors, key employees. | $27,555 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $308,566 |
| Pension plan accruals and contributions | $6,156 |
| Other employee benefits | $33,634 |
| Payroll taxes | $27,848 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $180,159 |
| Advertising and promotion | $3,152 |
| Office expenses | $5,282 |
| Information technology | $11,088 |
| Royalties | $0 |
| Occupancy | $23,325 |
| Travel | $3,176 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,150 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,191 |
| Insurance | $2,750 |
| All other expenses | $0 |
| Total functional expenses | $719,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,563 |
| Savings and temporary cash investments | $1,180,073 |
| Pledges and grants receivable | $636,871 |
| 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 | $29,530 |
| Net Land, buildings, and equipment | $69,012 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $862,082 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,791,131 |
| Accounts payable and accrued expenses | $135,036 |
| Grants payable | $0 |
| Deferred revenue | $18,775 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,735 |
| 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 | $0 |
| Total liabilities | $170,546 |
| Net assets without donor restrictions | $1,475,925 |
| Net assets with donor restrictions | $1,144,660 |
| 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 | $2,791,131 |
Grants Awarded
Over the last fiscal year, Vermont Sustainable Jobs Fund Inc has awarded $162,005 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Middlebury, VT PURPOSE: FOREST PRODUCTS | $36,500 |
Boston, MA PURPOSE: F2P NETWORK GRANT | $29,192 |
PECOS WIND POWER PURPOSE: DELTACLIMEVT AWARD | $25,000 |
MEDLEY THERMAL LLC PURPOSE: DELTACLIMEVT AWARD | $15,000 |
Hartford, CT PURPOSE: F2P NETWORK GRANT | $14,345 |
Greenfield, MA PURPOSE: F2P NETWORK GRANT | $11,854 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Vermont Sustainable Jobs Fund Inc has recieved totaling $1,012,005.
| Awarding Organization | Amount |
|---|---|
Henry P Kendall Foundation Trust Boston, MA PURPOSE: 1. PLANNING FOR THE NEW ENGLAND STATE FOOD SYSTEMS PLANNERS PARTNERSHIP'S NEW ENGLAND FEEDING NEW ENGLAND PROJECT 2. SUPPORT NEW STRATEGIC PLAN IMPLEMENTATION WITH INCREASED STAFF CAPACITY TO ASSIST THE FARM TO PLATE NETWORK | $300,000 |
High Meadows Fund Inc Middlebury, VT PURPOSE: TO SUPPORT GENERAL PROGRAMMING INCLUDING THE VT FOREST INDUSTRY NETWORK, VT FARM AND OPERATING SUPPORT FOR THE VT RELEAF COLLECTIVE. | $251,250 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $134,750 |
Janes Trust Foundation Boston, MA PURPOSE: THE DELTACLIME-VT CLIMATE ECONOMY BUSINESS ACCELERATOR | $100,000 |
Sandy River Charitable Foundation Farmington, ME PURPOSE: GENERAL OPERATING | $80,000 |
John Merck Fund Harrison, NY PURPOSE: TO INCREASE SUSTAINABLE ECONOMIC DEVELOPMENT AND CREATE JOBS IN VERMONTS FOOD AND FARM SECTOR; AND IMPROVE ACCESS TO HEALTHY, LOCAL FOOD FOR ALL VERMONTERS. | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Employment Opportunities Inc New York, NY | $41,857,908 | $87,797,672 |
Mdrc New York, NY | $143,919,606 | $93,136,568 |
1199 Seiu League Training And Upgrading Fund New York, NY | $42,542,566 | $63,487,129 |
Jobs For The Future Inc Boston, MA | $45,400,683 | $55,577,164 |
Common Ground Management Corporation New York, NY | $34,376,983 | $41,849,859 |
Consortium For Worker Education Inc New York, NY | $27,138,774 | $23,461,109 |
Youthbuild Usa Inc Roxbury, MA | $41,660,191 | $41,513,584 |
National Telecommuting Institute Boston, MA | $7,581,785 | $15,508,649 |
Masshire Hampden County Workforce Board Inc Springfield, MA | $3,346,725 | $13,329,757 |
South Middlesex Non-Profit Housing Corporation Framingham, MA | $86,868,885 | $12,461,508 |
Lifestyles For The Disabled Inc Staten Island, NY | $5,937,706 | $11,027,240 |
Vermont Associates For Training & Development Inc St Albans, VT | $530,190 | $11,812,343 |