Lgbtq Fund Of Vermont Incorporated
- Assets
- $175.1k
- Revenue
- $404.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Randolph, VT
- Founding
- 01/2006
- Data as of
- 09/2024
- EIN
- 43-2082613
Organization Overview
Lgbtq Fund Of Vermont Incorporated, operating under the name Gay & Lesbian Fund of Vermont, is located in Randolph, VT. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gay & Lesbian Fund of Vermont 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 09/2024, Gay & Lesbian Fund of Vermont generated $404.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $240.1k during the year ending 09/2024. While expenses have increased by 0.2% per year over the past 5 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 2020, Gay & Lesbian Fund of Vermont has awarded 27 individual grants totaling $777,115. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
176 CASH CONTRIBUTIONS MADE TO 124 DIFFERENT 501(C)(3) RECIPIENTS. DONE TO REDUCE HOMOPHOBIA BY ESTABLISHING GOODWILL WITHIN THE GENERAL PUBLIC FOR THE LBGTQ (LESBIAN, GAY, BISEXUAL, TRANSGENDER, AND QUEER) COMMUNITY IN VERMONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
176 CASH CONTRIBUTIONS MADE TO 124 DIFFERENT 501(C)(3) RECIPIENTS. COMPLETE LIST OF RECIPIENTS AVAILABLE UPON REQUEST. DONE TO REDUCE HOMOPHOBIA BY ESTABLISHING GOODWILL WITHIN THE GENERAL PUBLIC FOR THE LGBTQ (LESBIAN, GAY, BISEXUAL, TRANSGENDER, AND QUEER) COMMUNITY IN VERMONT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Bivins Director | Trustee | 2 | $0 |
Lynn Goyette Director | Trustee | 2 | $0 |
Sherry Corbin Director | Trustee | 2 | $0 |
Beth Mintz Chair | OfficerTrustee | 4 | $0 |
Bennett Law Treasurer | OfficerTrustee | 8 | $0 |
Roland Palmer Secretary | OfficerTrustee | 4 | $0 |
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 | $404,101 |
| Noncash contributions included in lines 1a–1f | $6,037 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $404,101 |
| 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 | $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 | $404,101 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $239,415 |
| 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 | $54 |
| Office expenses | $340 |
| Information technology | $260 |
| 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 | $240,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,630 |
| Savings and temporary cash investments | $500 |
| 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 | $175,130 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $175,130 |
| Total liabilities and net assets/fund balances | $175,130 |
Grants Awarded
Over the last fiscal year, Lgbtq Fund Of Vermont Incorporated has awarded $154,890 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHAMPLAIN HOUSING TRUST PURPOSE: General Support | $25,500 |
FRIENDS OF THE HISTORIC PLAYHOUSE THEATRE PURPOSE: General Support | $6,925 |
HANDS PURPOSE: General Support | $10,000 |
OUTRIGHT VERMONT PURPOSE: General Support | $15,900 |
PUBLIC ASSETS INSTITUTE PURPOSE: General Support | $20,150 |
THE SCHOOLHOUSE PURPOSE: General Support | $35,000 |