2024-11-08T07:15:57-06:00 2023-12-31 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2023-01-01 222478074 VERMONT STUDIO CENTER INC VERM 8026352727 PO BOX 613 JOHNSON VT 05656 HOPE SULLIVAN EXECUTIVE DIRECTOR 8026352727 2024-11-06 1 0 CONNIE FELLION P01875413 8026581808 2024-11-06 2023 2024-10-15 13:58:12Z HOPE SULLIVAN PO BOX 613 JOHNSON VT 05656 8568281 0 X WWW.VERMONTSTUDIOCENTER.ORG X 1983 VT SUPPORT ARTISTS AND WRITERS BY PROVIDING STUDIO RESIDENCIES. 13 13 33 22 0 0 1524575 2286330 2595705 3915756 386420 246927 11803 27885 4518503 6476898 2057625 2458756 0 0 1063153 1348453 0 0 334941 1886480 2352673 5007258 6159882 -488755 317016 17171734 18150526 355448 474231 16816286 17676295 X TO SUPPORT ARTISTS AND WRITERS BY PROVIDING STUDIO RESIDENCIES IN AN INCLUSIVE INTERNATIONAL COMMUNITY, HONORING CREATIVE WORK AS THE COMMUNICATION OF SPIRIT THROUGH FORM. 0 0 4763139 2458756 3915756 SEE SCHEDULE OFOR 39 YEARS, VERMONT STUDIO CENTER'S (VSC) MISSION HAS BEEN TO FOSTER CREATIVITY THROUGH COMMUNITY, COLLABORATION, AND QUIET REFLECTION. OVER TIME, IT HAS BECOME ONE OF THE LARGEST INTERNATIONAL ARTISTS AND WRITERS' RESIDENCY PROGRAMS IN THE UNITED STATES. IN 2023, VSC WELCOMED 426 RESIDENTS, REPRESENTING JUST 9% OF THE TOTAL APPLICANT POOL. OUR 2023 RESIDENTS TRAVELED FROM 12 DIFFERENT COUNTRIES TO JOIN US FOR 16 SESSIONS THROUGHOUT THE YEAR.THIS YEAR PRESENTED VERMONT STUDIO CENTER WITH HISTORIC CHALLENGES, AS WELL AS REMARKABLE OPPORTUNITIES FOR GROWTH. A DEVASTATING FLOOD IN JULY UNITED STAFF, PAST AND PRESENT RESIDENTS, TRUSTEES, LONGTIME SUPPORTERS, NEIGHBORS, AND COMMUNITY PARTNERS. THE SUPPORT OF OUR COMMUNITY ENABLED VSC TO RECOVER AND EMERGE STRONGER AND MORE RESILIENT THAN EVER.ADDITIONALLY, VSC UNDERWENT LEADERSHIP TRANSITIONS WITHIN BOTH THE STAFF AND THE BOARD. WITH HOPE SULLIVAN AS EXECUTIVE DIRECTOR AND KATE REBERNAK AS BOARD CHAIR, THERE IS NOW A FRESH PERSPECTIVE, SHARED ENTHUSIASM, AND RENEWED ENERGY SURROUNDING OUR MISSION AND VISION FOR THE FUTURE.WITH THE SUPPORT OF NUMEROUS FOUNDATIONS, INDIVIDUALS, INSTITUTIONS, AND CORPORATIONS, VSC AWARDED FULL FELLOWSHIPS TO 92 RESIDENTS AND PARTIAL FELLOWSHIPS TO AN ADDITIONAL 385.THE JULY 2023 FLOOD DAMAGED NEARLY A THIRD OF VSC'S PRINT COLLECTION. MASTER PRINTER SARAH AMOS RETURNED TO WORK WITH STAFF, ARCHIVISTS, AND VOLUNTEERS TO RESTORE THESE VALUABLE PIECES. AFTER MONTHS OF NAVIGATING THE AFTERMATH, THE COMMUNITY CALLED UPON VSC AND SARAH TO SHOWCASE THE WORK, LEADING TO THE PLANNING OF AN EXHIBITION IN 2024 TITLED "COLLABORATION," A SURVEY OF PRINTS FROM THE VSC PRINT ARCHIVE.FOR FOUR DECADES, VSC'S RESIDENCY PROGRAM HAS PROVIDED RESIDENTS AND THE GENERAL PUBLIC WITH OPPORTUNITIES TO ENGAGE WITH GLOBAL CREATIVE COMMUNITIES. WE INVITE VISITING WRITERS AND ARTISTS FROM AROUND THE WORLD TO JOIN US DURING OUR RESIDENCIES TO MENTOR RESIDENTS, PRESENT READINGS, FACILITATE CRAFT TALKS, AND DELIVER PUBLIC LECTURES. IN 2023, THE VISITING ARTIST AND WRITER PROGRAM WELCOMED 16 ARTISTS AND 16 WRITERS TO CAMPUS, ALONG WITH AN ADDITIONAL 10 ARTISTS PARTICIPATING VIRTUALLY.THE POPULAR "STUDIOS AT VSC" PROGRAM CONTINUED IN 2023. LAUNCHED IN 2021, THIS PROGRAM OFFERS VERMONT ARTISTS AND WRITERS LONG-TERM STUDIO SPACE AT BELOW-MARKET RENT ON OUR CAMPUS ALONG THE BANKS OF THE GIHON RIVER IN JOHNSON, VT. BENEFITS INCLUDE 24/7 ACCESS TO PRIVATE, LIGHT-FILLED STUDIOS, AS WELL AS SHARED FACILITIES SUCH AS A SCULPTURE SHOP, KILN, LIBRARY, PRINTING PRESSES, AND COMMON SPACES. THE STUDIOS AT VSC SUPPORT THE CREATIVE ECONOMY OF VERMONT, UPLIFT LOCAL ARTISTS, AND ENHANCE OUR ROLE AS AN INCUBATOR FOR ARTISTS AND WRITERS.IN SUMMARY, IN 2023, THE VERMONT STUDIO CENTER CONTINUES TO BE A DRIVING FORCE IN THE CREATIVE SECTOR, BOTH INTERNATIONALLY AND WITHIN OUR HOME COMMUNITY. 4763139 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 50 0 33 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 1 0 X MELANIE CLARK 8026352727 PO BOX 613 JOHNSON VT 05656 KATE REBERNAK INTERIM CHAIR 1.00 X X 0 0 0 SARAH LUTZ INTERIM VICE CHAIR 1.00 X X 0 0 0 LES FISHMAN TREASURER 1.00 X X 0 0 0 SUSAN NEWBOLD INTERIM SECRETARY 1.00 X X 0 0 0 WILLARD BOEPPLE TRUSTEE 1.00 X 0 0 0 DEBORAH CLEARMAN TRUSTEE 1.00 X 0 0 0 HOWARD EL-YASIN TRUSTEE 1.00 X 0 0 0 MELINDA HACKETT TRUSTEE 1.00 X 0 0 0 MUSA MAYER TRUSTEE 1.00 X 0 0 0 LAURA WATT TRUSTEE 1.00 X 0 0 0 JO WEISS TRUSTEE 1.00 X 0 0 0 BARBARA MARKS CHAIR (TERM 2023) 1.00 X X 0 0 0 MAJOR JACKSON TRUSTEE (TERM 2023) 1.00 X 0 0 0 RYAN WALSH TRUSTEE (TERM 2023) 1.00 X 0 0 0 TERESA ERNST WATERMAN TRUSTEE (TERM 2023) 1.00 X 0 0 0 HOPE SULLIVAN EXECUTIVE DIRECTOR 40.00 X 89998 0 0 JENNIFER BLAIR DTR. FINANCE & HR 40.00 X 0 0 0 89998 0 0 0 0 0 0 CLAIRES HOME COMFORT CLEANING LLC 326 BLUFF RD NEWPORT VT 05855 CLEANING SERVICES 166369 ASCEND GROUP LLC 47 MAPLE STREET SUITE 205 BURLINGTON VT 05401 CONSULTING 138785 2 2286330 138683 2286330 PROGRAM REVENUE 611600 3915756 3915756 3915756 331962 331962 2006348 1904274 187109 102074 -187109 -85035 -85035 MISC. INCOME 900099 27885 27885 27885 6476898 3943641 0 246927 2458756 2458756 97430 97430 1020165 684609 161758 173798 15266 10217 3832 1217 122835 82214 30741 9880 92757 62081 23283 7393 41794 41794 153276 153276 63803 63803 132601 1757 105906 24938 99531 10301 27266 61964 42544 1372 40473 699 22586 17 22569 899826 850724 42867 6235 160185 132978 3998 23209 269737 229276 21579 18882 64914 64914 FOOD AND FOOD SUPPLIES 211231 210607 624 0 FLOOD EXPENSES 137351 0 136585 766 SUPPLIES 27358 25194 6 2158 RECRUITMENT 16042 1419 14395 228 9894 1617 4703 3574 6159882 4763139 1061802 334941 4030084 4520982 61470 10000 3594 0 22201 55590 9808175 3598160 6536313 6210015 6264082 7235956 253990 117983 17171734 18150526 58492 180622 291056 288609 5900 5000 355448 474231 X 10033209 9904054 6783077 7772241 16816286 17676295 17171734 18150526 317016 750538 -207545 0 X 0 1 X 1 0 X 2860969 2971433 3320091 1524575 2286330 12963398 2860969 2971433 3320091 1524575 2286330 12963398 3095363 9868035 364032 856637 656245 147931 331962 2356807 15320205 10326472 0.64410 0.63170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6309919 510000 924585 8548 500000 7235956 7448529 130000 -994314 93273 181023 6309919 6938983 832526 322980 7448529 8651578 450000 832910 400377 2595128 6938983 7555173 1402727 372766 8585134 0.13700 0.86300 0.00000 0 0 297102 297102 9051044 3264288 5786756 460029 333872 126157 6210015 SECURITY DEPOSIT 5000 5000 X 4704877 750538 750538 3954339 63803 2458756 2522559 6476898 3637323 0 3637323 63803 2458756 2522559 6159882 PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO FURTHER THE MISSION OF THE ORGANIZATION. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CENTER AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE CENTER HAS TAKEN AN UNCERTAIN POSITION THAT MORE-LIKELY-THAN-NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CENTER AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CENTER IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: FELLOWSHIP FUNDS 2,458,756. PART XII, LINE 4B - OTHER ADJUSTMENTS: FELLOWSHIP FUNDS 2,458,756. 1 FELLOWSHIP FUNDING 423 2458756 FELLOWSHIP FUNDING PART I, LINE 2: ALL FELLOWSHIP FUNDS ARE AWARDED TO INDIVIDUAL RESIDENTS FOR ATTENDANCE AND USE AT THE INSTITUTION'S FACILITIES AND PROGRAMS AND/OR FOR TRAVEL TO AND FROM THE INSTITUTION. X 5 138683 MARKET VALUE 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE AUDIT AND FINANCE COMMITTEES THAT REPORT ON IT TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT REVIEWS THE COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990 IS AVAILABLE AT GUIDESTAR.ORG