Vermont Childrens Trust Foundation
- Assets
- $1.3m
- Revenue
- $634.2k
- Investments
- $763.6k
- Employees
- 2
- Location
- Burlington, VT
- Founding
- 06/1991
- Data as of
- 06/2022
- EIN
- 03-0328193
Organization Overview
Vermont Childrens Trust Foundation is located in Burlington, VT. The organization was established in 1991. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Vermont Childrens Trust Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Childrens Trust Foundation 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 06/2022, Vermont Childrens Trust Foundation generated $634.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $654.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vermont Childrens Trust Foundation has awarded 370 individual grants totaling $3,964,318. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
VCTF WORKS TO ENSURE THE WELL-BEING OF CHILDREN AND FAMILIES IN VERMONT BY RAISING PRIVATE MONEY TO FUND PREVENTION PROGRAMS FOR CHILDREN AND FAMILIES THROUGHOUT VERMONT. IN FY 2022, VCTF FUNDED 57 PROGRAMS FOR A TOTAL OF $ 493,565.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE FISCAL YEAR ENDING JUNE 30, 2022, VCTF GRANTED $493,565 TO 57 PROGRAMS SERVING JUST OVER 21,000 PEOPLE THROUGHOUT VERMONT. THE PROGRAMS FUNDED SERVE CHILDREN AGED BIRTH TO 18 AND THEIR FAMILIES. PROGRAMS MAY BE PRE-SCHOOL, AFTER-SCHOOL, OR PARENTING EDUCATION. ALL OF THESE PROGRAMS ARE WORKING TO KEEP CHILDREN CONNECTED TO THEIR COMMUNITIES; PREPARING THEM TO DO WELL IN SCHOOL; BROADENING THEIR EXPERIENCES THROUGH ART, LITERATURE, THEATER AND NATURE; TEACHING CHILDREN IMPORTANT SKILLS TO REDUCE RISK FACTORS; AND MUCH MORE. WE ALL KNOW THAT EDUCATED, CARED-FOR, HEALTHY CHILDREN ARE MORE LIKELY TO REALIZE THEIR PROMISE. VCTF FUNDS ARE GRANTED TO PROGRAMS THAT MEET THE FOLLOWING OUTCOMES: 1.) VERMONT'S FAMILIES ARE SAFE, NURTURING, STABLE AND SUPPORTED. 2.) VERMONT'S CHILDREN AND YOUNG PEOPLE ACHIEVE THEIR POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Ahmadi Executive Dir. | Officer | 25 | $63,437 |
Molly Bucci President | OfficerTrustee | 0.5 | $0 |
Matt Campbell Vice President | OfficerTrustee | 0.5 | $0 |
Jean Burke Treasurer | OfficerTrustee | 0.5 | $0 |
Joan Lenes Director | Trustee | 0.5 | $0 |
Lee Mclendon Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,250 |
| Related organizations | $0 |
| Government grants | $160,156 |
| All other contributions, gifts, grants, and similar amounts not included above | $402,041 |
| Noncash contributions included in lines 1a–1f | $6,808 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $563,447 |
| Total Program Service Revenue | $0 |
| Investment income | $26,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,101 |
| Net Income from Fundraising Events | $3,390 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $634,206 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $493,565 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,960 |
| Compensation of current officers, directors, key employees. | $6,746 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,509 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,922 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,129 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,194 |
| Travel | $1,494 |
| 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 | $40 |
| Insurance | $6,352 |
| All other expenses | $2,571 |
| Total functional expenses | $654,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,825 |
| Savings and temporary cash investments | $195,345 |
| Pledges and grants receivable | $40,581 |
| 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 | $19 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $763,620 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,332,390 |
| Accounts payable and accrued expenses | $452 |
| Grants payable | $18,612 |
| 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 | $2,816 |
| Total liabilities | $21,880 |
| Net assets without donor restrictions | $611,746 |
| Net assets with donor restrictions | $698,764 |
| 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 | $1,332,390 |
Grants Awarded
Over the last fiscal year, Vermont Childrens Trust Foundation has awarded $466,776 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
Burlington, VT PURPOSE: OPERATIONS | $24,450 |
CONNECTING YOUTH - CVU PURPOSE: OPERATIONS | $14,450 |
CHANGING PERSPECTIVES PURPOSE: OPERATIONS | $14,450 |
NE KINGDOM PRESCHOOL PURPOSE: OPERATIONS | $14,147 |
EVERYBODY WINS VERMONT PURPOSE: OPERATIONS | $11,987 |
FRANKLIN GRND ISLE BOOKMOBILE PURPOSE: OPERATIONS | $11,921 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Vermont Childrens Trust Foundation has recieved totaling $188,633.
| Awarding Organization | Amount |
|---|---|
Donley Foundation Radnor, PA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $40,628 |
Turrell Fund Montclair, NJ PURPOSE: PROGRAM SUPPORT | $30,000 |
Roessner Family Foundation Harwich Port, MA PURPOSE: CHARITABLE | $20,000 |
Joy In Childhood Foundation Inc Canton, MA PURPOSE: Support Sick and Hungry Kids | $10,000 |
John And Barbara Mclendon Family Foundation Pittsboro, NC PURPOSE: GENERAL EXEMPT PURPOSE | $10,000 |
Endowment Analysis
| Beg. Balance | $658,771 |
| Earnings | $64,805 |
| Admin Expense | $5,922 |
| Net Contributions | $21,600 |
| Grants | $40,490 |
| Ending Balance | $698,764 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Medical Research Foundation Needham, MA | $9,824,950 | $46,333,953 |
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Joy In Childhood Foundation Inc Canton, MA | $7,582,989 | $8,931,292 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Mccance Foundation Tr North Scituate, MA | $91,930,926 | $3,999,038 |
Childrens Dyslexia Centers Inc Lexington, MA | $70,604,540 | $15,265,584 |
Hampton Classic Horse Show Inc Bridgehampton, NY | $1,702,497 | $4,948,481 |
Peggy Mcgrath Rockefeller Foundation New York, NY | $16,278,993 | $1,905,197 |
Loring Wolcott & Coolidge Charitable Tr - I Boston, MA | $103,000 | $4,276,644 |