Nonprofit · EIN 22-2712160
VERMONT COMMUNITY FOUNDATION
Tax-exempt · MIDDLEBURY, VT 05753
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $54,048,996 | $58,789,272 | -$4,740,276 | $370,629,507 | $11,448,395 | $359,181,112 |
| December 31, 2023 | 990 | $52,792,202 | $48,590,731 | $4,201,471 | $358,219,150 | $12,878,428 | $345,340,722 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $39,726,485
- of which government grants
- $168,258
- Program service revenue
- $1,812,415
- Investment income
- $12,458,755
- Net gain from sales of assets
- $6,651,709
- Net income from fundraising events
- $51,341
- Other revenue
- $51,341
Expenses
- Grants and similar amounts paid
- $48,827,616
- Compensation of officers, directors and key employees
- $1,157,619
- Other salaries and wages
- $3,031,958
- Salaries, compensation and benefits (total)
- $5,109,744
- Professional fundraising fees
- $0
- Legal fees
- $140,060
- Occupancy
- $142,545
- Travel
- $61,991
- Depreciation
- $97,243
- Program services (functional)
- $50,870,850
- Management and general (functional)
- $6,627,432
- Fundraising (functional)
- $1,290,990
Balance sheet and other
- Total assets, start of year
- $358,219,150
- Total assets, end of year
- $370,629,507
- Total liabilities, end of year
- $11,448,395
- Net assets, end of year
- $359,181,112
- Land, buildings and equipment
- $1,916,158
- Publicly traded securities
- $186,802,933
- Net assets without donor restrictions
- $331,484,281
- Net assets with donor restrictions
- $27,696,831
- Gross unrelated business income
- $170,996
- Gross receipts
- $65,647,422
- Employees
- 53
- Volunteers
- 230
- Year formed
- 1986
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL SMITH | CEO Officer | 46 | $245,371 | $74,814 |
| FELIPE RIVERA | VP FOR STRATEGY AND COMMUNICATIONS Officer | 50 | $154,331 | $42,995 |
| STACIE FAGAN | VP FOR PHILANTHROPY Officer | 48 | $136,248 | $54,062 |
| ANNA GRADY | VP FOR OPERATIONS AND ADMINISTRATION Officer | 48 | $155,999 | $24,681 |
| BARRY PIUS | VP FOR FINANCE Officer | 48 | $165,305 | $8,599 |
| HOLLY MOREHOUSE | VP FOR GRANTS & COMMUNITY INVESTMENT Officer | 48 | $139,858 | $9,313 |
| RUTH HENRY | SR PHILANTHROPIC ADVISOR Highest-paid employee | 40 | $103,318 | $40,669 |
| MARTHA TROMBLEY OAKES | SR. PHILANTHROPIC ADVISOR Highest-paid employee | 40 | $121,288 | $10,174 |
| ELISABETH MARX | SR PHILANTHROPIC ADVISOR Highest-paid employee | 40 | $108,921 | $20,774 |
| EMILYE PELOW CORBETT | SR. PHILANTHROPIC ADVISOR Highest-paid employee | 40 | $113,031 | $6,262 |
| JACOB GARDNER | DIRECTOR OF IT Highest-paid employee | 40 | $108,944 | $5,482 |
| ERIK BURGE | CONTROLLER (UNTIL 07/24) Officer | 40 | $74,577 | $10,680 |
| SPENCER KNAPP | CHAIR (UNTIL 09/24) Trustee or director, Officer | 8 | $0 | $0 |
| MARK FOLEY JR | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| KRISTEN CARLSON | VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DIMITRI GARDNER | SECRETARY Trustee or director, Officer | 4 | $0 |
| ALLYSON LAACKMAN | TREASURER (UNTIL 06/24) Trustee or director, Officer | 4 | $0 |
| KATHRYN AUSTIN | TREASURER Trustee or director, Officer | 4 | $0 |
| LAURIE BEYRANEVAND | DIRECTOR Trustee or director | 4 | $0 |
| CINDY CHAR | DIRECTOR Trustee or director | 4 | $0 |
| TIM BRIGLIN | DIRECTOR Trustee or director | 4 | $0 |
| JOHN VOGEL | DIRECTOR Trustee or director | 4 | $0 |
| NICOLE CURVIN | DIRECTOR Trustee or director | 4 | $0 |
| TAMMY NEWMARK | DIRECTOR Trustee or director | 4 | $0 |
| LINDSAY DESLAURIERS | DIRECTOR Trustee or director | 4 | $0 |
| RICH HOLSCHUH | DIRECTOR Trustee or director | 4 | $0 |
| ALEX MACLEAN | DIRECTOR Trustee or director | 4 | $0 |
| ERIC MILLER | DIRECTOR Trustee or director | 4 | $0 |
| ALEX HERNANDEZ | DIRECTOR Trustee or director | 4 | $0 |
| ELIZABETH CATLIN | DIRECTOR Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL SMITH | CEO Officer | 46 | $229,526 | $60,936 |
| FELIPE RIVERA | VP FOR STRATEGY AND COMMUNICATIONS Officer | 50 | $145,875 | $37,379 |
| STACIE FAGAN | VP FOR PHILANTHROPY Officer | 48 | $131,701 | $44,835 |
| ANNA GRADY | VP FOR OPERATIONS AND ADMINISTRATION Officer | 48 | $146,645 | $22,449 |
| HOLLY MOREHOUSE | VP FOR GRANTS AND COMMUNITY INVESTMENT Officer | 48 | $131,942 | $11,395 |
| RUTH HENRY | SR PHILANTHROPIC ADVISOR Highest-paid employee | 40 | $100,612 | $33,273 |
| MARTHA TROMBLEY OAKES | SR. PHILANTHROPIC ADVISOR Highest-paid employee | 40 | $120,146 | $8,873 |
| CAROLYN WEIR | EXECUTIVE DIR. MCCLURE FOUNDATION Highest-paid employee | 40 | $115,798 | $10,090 |
| ELISABETH MARX | SR PHILANTHROPIC ADVISOR Highest-paid employee | 40 | $103,444 | $20,146 |
| ERIK BURGE | CONTROLLER Officer | 40 | $110,733 | $9,189 |
| BARRU PIUS AS OF 052023 | VP FOR FINANCE Officer | 40 | $101,954 | $11,565 |
| NANCY BROCK UNTIL 072023 | VP FOR FINANCE Officer | 45 | $92,651 | $20,414 |
| LORI HANCOCK UNITL 032023 | CONTROLLER Officer | 40 | $33,179 | $4,929 |
| CAROLYN DWYER UNTIL 0623 | CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| SPENCER KNAPP | CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| MARK FOLEY JR | VICE CHAIR Trustee or director | 2 | $0 | $0 |
| ALLYSON LAACKMAN | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| KRISTEN CARLSON | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| LAURIE BEYRANEVAND | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CINDY CHAR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KATHY AUSTIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIM BRIGLIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DIMITRI GARDNER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN VOGEL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NICOLE CURVIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAMMY NEWMARK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LINDSAY DESLAURIERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICH HOLSCHUH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALEX MACLEAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3 COURT ST, MIDDLEBURY, VT 05753-1405
- Principal officer (990 for 2024)
- DANIEL SMITH, 3 COURT STREET, MIDDLEBURY, VT 05753
- Signed the 990
- DANIEL SMITH, PRESIDENT & CEO
- Phone
- (802) 388-3355
- Website
- WWW.VERMONTCF.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE VERMONT COMMUNITY FOUNDATION HELPS TO BUILD PHILANTHROPIC RESOURCES TO SUSTAIN HEALTHY AND VITAL VERMONT COMMUNITIES. THE FOUNDATION CONNECTS AND MOBILIZES PEOPLE THROUGH GIVING TO MULTIPLY THE IMPACT OF PHILANTHROPY.
Program accomplishments
- THE VERMONT COMMUNITY FOUNDATION INSPIRES GIVING AND BRINGS PEOPLE AND RESOURCES TOGETHER TO MAKE A DIFFERENCE IN VERMONT. A FAMILY OF HUNDREDS OF FUNDS AND FOUNDATIONS, THE FOUNDATION PROVIDES THE ADVICE, INVESTMENT VEHICLES, AND BACK-OFFICE EXPERTISE THAT MAKE IT EASY FOR THE PEOPLE WHO CARE ABOUT VERMONT TO FIND AND FUND THE CAUSES THEY LOVE. THE FOUNDATION ALSO PROVIDES NONPROFIT ENDOWMENT MANAGEMENT AND PLANNED GIVING SERVICES. IN 2024, THE FOUNDATION HAD NEARLY $68 MILLION AT WORK IN THE COMMUNITY THROUGH GRANTS, MISSION INVESTMENTS, AND PROGRAMMATIC ACTIVITY.THE HEART OF THE COMMUNITY FOUNDATION'S WORK IS CLOSING THE OPPORTUNITY GAP - THE DIVIDE THAT LEAVES TOO MANY VERMONTERS STRUGGLING TO GET AHEAD, NO MATTER HOW HARD THEY WORK. OVER THE NEXT FOUR YEARS, THE FOUNDATION IS PRIORITIZING GRANTS AND INVESTMENTS THAT: ENSURE VERMONT FAMILIES HAVE WHAT THEY NEED TO KEEP THEIR LOVED ONES HEALTHY AND SAFE; PROVIDE VERMONTERS ACCESS TO EDUCATIONAL OPPORTUNITIES THROUGHOUT THEIR LIFETIME; BUILD COMMUNITY RESILIENCE; SUPPORT PHYSICAL, MENTAL, AND EMOTIONAL HEALTH; AND ADVANCE EQUITY, STRENGTHEN BELONGING, FOSTER CREATIVITY, AND PROMOTE DEMOCRACY.THE FOUNDATION ENVISIONS VERMONT AT ITS BEST - WHERE EVERYONE HAS THE OPPORTUNITY TO BUILD A BRIGHT, SECURE FUTURE.THE FOUNDATION SUPPORTS EFFECTIVE PHILANTHROPY, WHICH INCLUDES GRANTMAKING, INVESTMENT MANAGEMENT, AND ADMINISTRATIVE SUPPORT THROUGHOUT THE STATE OF VERMONT. THE FOUNDATION OFFERED THESE SERVICES TO FOUR SUPPORTING ORGANIZATIONS IN 2024, RESULTING IN SUPPORTING FEE REVENUE AND GRANTS TO THESE SUPPORTING ORGANIZATIONS TO FURTHER THESE SUPPORTING ORGANIZATIONS TO FURTHER THEIR MISSION.Expenses $50,870,850 · grants $48,827,616 · revenue $1,812,415
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2712160
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $370,629,507
- Income (IRS master file)
- $65,647,422
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $54,048,996 | $58,789,272 | $370,629,507 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $52,792,202 | $48,590,731 | $358,219,150 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $40,050,864 | $39,751,190 | $316,750,116 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2712160).
Questions about VERMONT COMMUNITY FOUNDATION
- What is the EIN of VERMONT COMMUNITY FOUNDATION?
- The employer identification number (EIN) of VERMONT COMMUNITY FOUNDATION is 22-2712160.
- Is VERMONT COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to VERMONT COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERMONT COMMUNITY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VERMONT COMMUNITY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERMONT COMMUNITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VERMONT COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 names DANIEL SMITH.
- Who are the officers and directors of VERMONT COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 30 people; 12 received compensation from the organization, the highest $245,371 (DANIEL SMITH, CEO).
- How much revenue does VERMONT COMMUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $54,048,996, expenses of $58,789,272 and total assets of $370,629,507 at year end.
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