University Of Vermont And State Agricultural College Foundation in Burlington, Vermont (VT)

University Of Vermont And State Agricultural College Foundation
Employer Identification Number (EIN)	451556038
Name of Organization	University Of Vermont And State Agricultural College Foundation
In Care of Name	Katharine Laud Avp Fin & Ad
Address	411 Main St, Burlington, VT 05401-7420
Subsection	Charitable Organization
Ruling Date	09/2011
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$50,000,000 to greater
Income	$10,000,000 to $49,999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$59,325,155
Amount of Income	$18,667,912
Form 990 Revenue Amount	$17,103,662
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Single Organization Support

Non-representatives - add comments:

Amount of income in 2014: $18,667,912 (it was $48,066,186 in 2013)

University Of Vermont And State Agricultural College Foundation:	$18,667,912
Other organizations performing similar types of work:	$862,721

Assets in 2014: $59,325,155 (it was $48,955,176 in 2013)

This organization:	$59,325,155
Other organizations performing similar types of work:	$1,737,288

Expenses in 2013: $19,026,619

This organization:	$19,026,619
Other organizations performing similar types of work:	$502,842

Income to expenses ratio in 2013: 1.0

This organization:	1.0
Other organizations performing similar types of work:	4.1

Employees paid over $100,000 in 2013: 5.0%

This organization:	5.0%
Other organizations performing similar types of work:	0.0%

Grants share in income in 2013: 79.5%

University Of Vermont And State Agricultural College Foundation:	79.5%
Other organizations performing similar types of work:	86.9%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	No	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	Yes
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	Yes	Yes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	Yes	Yes
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	Yes	Yes
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	Yes	Yes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	No	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	Yes	Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	Yes	Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	Yes	Yes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	No	No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		0	0
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		180	242
Did the organization file all required federal employment tax returns?		Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No
Has it filed a Form 990-T for this year?		No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		Yes	Yes
Did the organization notify the donor of the value of the goods or services provided?		Yes	Yes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$930,285	$1,289,489
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$151,602	$222,335
Total number of individuals who received more than $100,000 of reportable compensation from the organization	5	9
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	3

	2011	2012	2013
Statement of Revenue
Total revenue	$2,350,000	$26,225,811	$48,066,186
Contributions, Gifts, Grants and Other Similar Amounts	$250,000	$17,165,990	$38,204,419
Program Service Revenue	$2,100,000	$9,052,148	$9,666,771
900099		$8,844,019	$9,387,696
900099		$208,129	$279,075
All other program service revenue		$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$0	$12,769	$26,126
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$0	$17,810	$113,350
Net rental income	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$0	$-22,906	$53,307
Gross amount from sales of assets other than inventory (Securities / Other)	$0 / $0	$2,720,561 / $0	$1,150,960 / $268,000
Less: cost or other basis and sales expenses (Securities / Other)	$0 / $0	$2,743,467 / $0	$1,157,653 / $208,000
Gain or (loss) (Securities / Other)	$0 / $0	$-22,906 / $0	$-6,693 / $60,000
Net income/loss from fundraising events	$0	$0	$2,213
Gross income from fundraising events	$0	$0	$14,945
Less: direct expenses	$0	$0	$12,732
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0
Miscellaneous Revenue	$0	$0	$0

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$810,445	$13,831,752	$19,026,619
Grants and other assistance to domestic organizations and domestic governments		$4,979,462	$8,705,018
Grants and other assistance to domestic individuals		$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0
Benefits paid to or for members		$0	$0
Compensation of current officers, directors, trustees, and key employees	$132,000	$659,246	$676,230
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$173,526	$4,064,115	$4,515,770
Pension plan accruals and contributions		$442,782	$483,857
Other employee benefits		$1,177,222	$1,077,064
Payroll taxes	$28,314	$348,750	$383,802
Fees for services (non-employees)
Management		$67,341	$101,987
Legal		$63,466	$65,129
Accounting		$43,141	$41,369
Lobbying		$0	$0
Professional fundraising services	$60,000	$244,679	$290,024
Investment management fees		$20,340	$0
Other		$10,908	$10,581
Advertising and promotion		$126,067	$104,228
Office expenses		$454,173	$882,333
Information technology		$161,197	$245,029
Royalties		$0	$0
Occupancy		$96,003	$105,546
Travel		$332,061	$409,364
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$441,900	$651,598
Interest		$0	$0
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$0	$9,020
Insurance		$54,937	$12,935
Other expenses		$32,154	$74,785
Other expenses		$2,500	$180,950

	2011	2012	2013
Balance Sheet
Total assets	$1,589,274	$17,710,083	$48,955,176
Cash - non-interest-bearing		$14,416,926	$24,675,578
Savings and temporary cash investments		$251,005	$251,694
Pledges and grants receivable, net		$1,673,055	$3,496,035
Accounts receivable, net		$39,815	$160,509
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$0	$0
Inventories for sale or use		$0	$0
Prepaid expenses and deferred charges		$251,829	$237,677
Land, buildings, and equipment: cost or other basis		$75,000	$143,856
Investments - publicly traded securities		$195	$0
Investments - other securities		$1,002,258	$19,989,827
Investments - program-related		$0	$0
Intangible assets		$0	$0
Other assets		$0	$0
Total liabilities	$49,719	$3,689,422	$2,488,613
Accounts payable and accrued expenses		$3,684,773	$2,084,140
Grants payable		$0	$0
Deferred revenue		$980	$17,093
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability		$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$3,669	$387,380
Total net assets or fund balances	$1,539,555	$14,020,661	$46,466,563
Unrestricted net assets		$2,078,781	$6,426,964
Temporarily restricted net assets		$10,179,253	$21,138,434
Permanently restricted net assets		$1,762,627	$18,901,165
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported	0
Sum of amounts of support	$0

	2009 - 2013 Total
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
Public Support	$54,736,263
Subtotal Support	$55,620,409
Gifts, grants, contributions, and membership fees received	$55,620,409
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf	$0
The value of services or facilities furnished by a governmental unit to the organization without charge	$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support	$884,146
Total Support	$55,792,677
Public Support	$55,620,409
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$170,055
Net income from unrelated business activities, whether or not the business is regularly carried on	$0
Other income. Do not include gain or loss from the sale of capital assets	$2,213
Gross receipts from related activities, etc.	$20,818,919

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	St Augustines University Foundation, St Augustines National Foundation	17515 W Nine Mile Rd Ste 755, Southfield, MI 48075-4403	MI	1983-01	$14,709,294
2	University Of North Florida Financing Corporation	1 Unf Drive Hicks Hall Suite 2900, Jacksonville, FL 32224	FL	2007-03	$9,753,890
3	Savannah State College Foundation Inc	PO BOX 20439, Savannah, GA 31404-9707	GA	1975-01	$5,267,118
4	Truman State University Foundation	105 Mcclain Hall 100 E Normal, Kirksville, MO 63501	MO	1985-12	$36,529,317
5	Vincennes University Foundation Inc	1002 North First Street Ste Dc-38, Vincennes, IN 47591-1504	IN	1975-03	$30,807,440
6	The Greenville College Foundation Inc	315 E College Ave, Greenville, IL 62246-1145	IL	1999-12	$22,631,651
7	State College Of Florida Foundation Inc	5840 26th St W, Bradenton, FL 34207-3522	FL	1981-05	$21,996,565
8	Dudley E Chambers Foundation	10 S Dearborn Il1-0117, Chicago, IL 60603-2300	IL	2010-08	$19,965,907
9	Gruber Foundation	PO BOX 208239, New Haven, CT 06520-8239	CT	2011-06	$19,920,005
10	University Of Vermont And State Agricultural College Foundation	411 Main St, Burlington, VT 05401-7420	VT	2011-09	$18,667,912
11	Stockton Affiliated Services Inc	101 Vera King Farris Dr, Galloway, NJ 08205-9441	NJ	2009-06	$11,041,196
12	Wisconsin Foundation For Independent Colleges Inc	4425 N Pt Washington Rd 402, Glendale, WI 53212-1083	WI	1956-06	$10,557,177
13	University Of North Georgia Real Estate Foundation Inc	82 College Circle Chestatee Bldg No, Dahlonega, GA 30597-0001	GA	2009-06	$10,211,047
14	Ventura College Foundation	71 Day Rd, Ventura, CA 93003-2037	CA	1984-02	$7,619,778
15	Csu Bakersfield Auxiliary For Sponsored Programs Administration	9001 Stockdale Hwy, Bakersfield, CA 93311-1022	CA	2011-05	$7,315,458
16	University Of Wisconsin Green Bay Foundation Inc	2420 Nicolet Drive No Cl 805, Green Bay, WI 54311	WI	2011-09	$6,698,829
17	Los Angeles Pacific University	511 W Citrus Edge St, Glendora, CA 91740-5006	CA	2011-09	$6,413,557
18	University Of Virginia Healt Foundation	PO BOX 800773, Charlottesvle, VA 22908-0773	VA	2003-07	$6,349,522
19	Hudsonalpha Foundation	601 Genome Way, Huntsvile, AL 35806-2908	AL	2011-09	$6,255,215
20	Lubbock Christian University Foundation	5601 19th St, Lubbock, TX 79407-2031	TX	2011-03	$5,675,121

Number of organizations performing similar types of work

Alaska	1
Alabama	7
Arkansas	3
Arizona	3
California	53
Colorado	9
Connecticut	9
District of Columbia	4
Delaware	4
Florida	22
Georgia	21
Hawaii	2
Iowa	5
Illinois	19
Indiana	8
Kansas	13
Kentucky	6
Louisiana	8
Massachusetts	7
Maryland	7
Maine	1
Michigan	16
Minnesota	8
Missouri	9
Mississippi	4

Montana	1
North Carolina	30
Nebraska	3
New Hampshire	2
New Jersey	12
New Mexico	3
Nevada	5
New York	43
Ohio	16
Oklahoma	5
Oregon	5
Pennsylvania	23
Rhode Island	1
South Carolina	13
South Dakota	3
Tennessee	12
Texas	25
Utah	3
Virginia	17
Vermont	1
Washington	8
Wisconsin	13
West Virginia	4
Wyoming	1
International	6

Total

504

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