Vermont Business Roundtable
- Assets
- $1.1m
- Revenue
- $684.5k
- Investments
- $0.0
- Employees
- 3
- Location
- South Burlington, VT
- Founding
- 08/1988
- Data as of
- 12/2022
- EIN
- 22-2867726
Organization Overview
Vermont Business Roundtable is located in South Burlington, VT. The organization was established in 1988. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Vermont Business Roundtable employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Business Roundtable is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Vermont Business Roundtable generated $684.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $596.5k during the year ending 12/2022. While expenses have increased by 1.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUSTAIN A SOUND ECONOMY AND PRESERVE VERMONT'S UNIQUE QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VERMONT BUSINESS ROUNDTABLE IS A NONPROFIT, NONPARTISAN ORGANIZATION OF CHIEF EXECUTIVE OFFICERS OF VERMONT'S LEADING PRIVATE AND NONPROFIT EMPLOYERS, REPRESENTING GEOGRAPHIC DIVERSITY AND ALL MAJOR SECTORS OF THE VERMONT ECONOMY. THE ROUNDTABLE IS COMMITTED TO SUSTAINING A SOUND ECONOMY AND PRESERVING VERMONT'S UNIQUE QUALITY OF LIFE BY STUDYING AND MAKING RECOMMENDATIONS ON STATEWIDE PUBLIC POLICY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy O'connell Chair | OfficerTrustee | 2 | $0 |
Tom Dunn Director | Trustee | 2 | $0 |
Don George Secretary | OfficerTrustee | 2 | $0 |
Mark Crow Treasurer | OfficerTrustee | 2 | $0 |
Sara Byers Vice-Chair | OfficerTrustee | 2 | $0 |
Meg Fleming Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $562,738 |
| 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 | $562,738 |
| Total Program Service Revenue | $120,539 |
| Investment income | $1,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $684,539 |
| 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. | $216,863 |
| Compensation of current officers, directors, key employees. | $32,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,451 |
| Payroll taxes | $19,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,699 |
| Fees for services: Lobbying | $20,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34 |
| Office expenses | $8,791 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,545 |
| Travel | $1,763 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,386 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,246 |
| Insurance | $4,704 |
| All other expenses | $0 |
| Total functional expenses | $596,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,882 |
| Savings and temporary cash investments | $315,608 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $264,921 |
| 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 | $12,841 |
| Net Land, buildings, and equipment | $8,517 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,727 |
| Total assets | $1,141,496 |
| Accounts payable and accrued expenses | $4,544 |
| Grants payable | $0 |
| Deferred revenue | $531,098 |
| 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 | $95,080 |
| Total liabilities | $630,722 |
| Net assets without donor restrictions | $510,774 |
| 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 | $1,141,496 |