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Nonprofiteer
← VERMONT PUBLIC CO

Form 990 for tax year 2023

Filed by VERMONT PUBLIC CO.

Totals

Total revenue
$18,020,261
Total expenses
$22,728,990
Contributions and grants received
$14,813,367
Grants paid
$42,500
Program service revenue
$0
Investment income
$1,881,514
Other revenue
$1,325,380
Total assets, end of year
$85,551,477
Total liabilities, end of year
$3,915,849
Net assets or fund balances, end of year
$81,635,628
Program services expenses (Part IX)
$16,339,480
Management and general expenses
$4,357,726
Fundraising expenses
$2,031,784
Program service expenses (Part III)
$16,339,480

Program services were 71.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $14,813,367

  • 3 · Investment income

    total $1,137,385 · unrelated business $1,137,385

  • 5 · Royalties

    total $915,047 · unrelated business $915,047

  • 6a · Gross rents

    personal property $404,224

  • 6b · Less rental expenses

    personal property $109,979

  • 6c · Rental income or loss

    personal property $294,245

  • 6d · Net rental income or loss

    total $294,245 · unrelated business $294,245

  • 7a · Gross sales of assets other than inventory

    securities $4,403,610

  • 7b · Less cost or other basis and sales expenses

    securities $3,659,481

  • 7c · Gain or loss

    securities $744,129

  • 7d · Net gain or loss

    total $744,129 · related or exempt $744,129

  • 10a · Gross sales of inventory

    $25,751

  • 10b · Cost of goods sold

    $24,257

  • 10c · Net income from sales of inventory

    total $1,494 · unrelated business $1,494

  • 11a · Other revenue: OTHER

    total $114,594 · related or exempt $114,594

  • 11e · Other revenue, total

    $114,594

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 2 · Grants to domestic individuals

    total $32,500 · program services $32,500

  • 5 · Compensation of officers, directors and key employees

    total $795,430 · management and general $733,172 · fundraising $62,258

  • 7 · Other salaries and wages

    total $8,237,472 · program services $6,280,453 · management and general $1,230,712 · fundraising $726,307

  • 9 · Other employee benefits

    total $2,362,362 · program services $1,754,896 · management and general $387,398 · fundraising $220,068

  • 10 · Payroll taxes

    total $664,611 · program services $472,523 · management and general $133,361 · fundraising $58,727

  • 11b · Fees: legal

    total $127,445 · management and general $127,445

  • 11c · Fees: accounting

    total $103,500 · management and general $103,500

  • 11f · Fees: investment management

    total $311,467 · management and general $311,467

  • 11g · Fees: other

    total $918,073 · program services $680,111 · management and general $138,145 · fundraising $99,817

  • 14 · Information technology

    total $838,925 · program services $447,850 · management and general $372,516 · fundraising $18,559

  • 16 · Occupancy

    total $2,211,143 · program services $1,976,794 · management and general $33,833 · fundraising $200,516

  • 22 · Depreciation, depletion and amortization

    total $2,428,717 · program services $1,843,031 · management and general $361,719 · fundraising $223,967

  • 23 · Insurance

    total $303,799 · program services $223,241 · management and general $34,950 · fundraising $45,608

  • 24a · Other expenses: PROGRAM ACQUISTIONS

    total $2,211,426 · program services $2,211,426

  • 24b · Other expenses: SUBSCRIPTION/ DUES/ PRO

    total $771,918 · program services $406,267 · management and general $244,733 · fundraising $120,918

  • 24c · Other expenses: BANK FEES

    total $270,945 · management and general $55,182 · fundraising $215,763

  • 24d · Other expenses: MISC

    total $129,257 · program services $388 · management and general $89,593 · fundraising $39,276

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,059,329 · end of year $1,745,024

  • 2 · Savings and temporary cash investments

    beginning of year $48,183 · end of year $79,141

  • 3 · Pledges and grants receivable

    beginning of year $925,551 · end of year $553,004

  • 4 · Accounts receivable

    beginning of year $142,791 · end of year $138,057

  • 9 · Prepaid expenses and deferred charges

    beginning of year $402,649 · end of year $456,007

  • 10a · Land, buildings and equipment: cost or other basis

    $32,555,958

  • 10b · Land, buildings and equipment: accumulated depreciation

    $18,209,359

  • 10c · Land, buildings and equipment, net

    beginning of year $16,549,095 · end of year $14,346,599

  • 12 · Investments: other securities

    beginning of year $59,684,388 · end of year $60,579,613

  • 15 · Other assets

    beginning of year $10,314,663 · end of year $7,654,032

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,121,219 · end of year $1,148,608

  • 19 · Deferred revenue

    beginning of year $193,844 · end of year $51,262

  • 25 · Other liabilities

    beginning of year $6,648,371 · end of year $2,715,979

  • 27 · Net assets without donor restrictions

    beginning of year $67,890,647 · end of year $67,130,959

  • 28 · Net assets with donor restrictions

    beginning of year $13,272,568 · end of year $14,504,669

Mission and programs · 2023

Mission

TO BROADEN AND DIVERSIFY OUR AUDIENCE THROUGH RELEVANT, TRUSTED INFORMATION AND STORIES THAT BRING PEOPLE AND COMMUNITIES TOGETHER.

  • PROGRAMMING:VERMONT PUBLIC IS VERMONT'S UNIFIED PUBLIC MEDIA ORGANIZATION, SERVING THE COMMUNITY WITH TRUSTED JOURNALISM, QUALITY MUSIC AND ENTERTAINMENT, AND EDUCATIONAL PROGRAMMING. VERMONT PUBLIC'S STATEWIDE RADIO AND TV NETWORKS PROVIDE FREE AND UNIVERSAL ACCESS TO ITS BROADCAST PROGRAMMING THROUGHOUT VERMONT, AS WELL AS IN PARTS OF NEW HAMPSHIRE, NEW YORK, MASSACHUSETTS AND QUEBEC, CANADA. PROGRAMS AND CONTENT ARE AVAILABLE ANYWHERE AT VERMONTPUBLIC.ORG AND WITH THE VERMONT PUBLIC APP.

    Expenses $5,915,821 · Revenue $849,618

  • CONTENT:VERMONT PUBLIC PRODUCES LOCAL, AWARD-WINNING NEWS, MUSIC, ARTS AND ENTERTAINMENT CONTENT, AND PROVIDES LOCAL ACCESS TO ACCLAIMED NATIONAL PROGRAMMING FROM NPR AND PBS. IT IS HOME TO VERMONT'S ONLY CLASSICAL MUSIC NETWORK, AND A KEY SOURCE FOR EDUCATIONAL AND AGE-APPROPRIATE CHILDREN'S PROGRAMS, PLUS RESOURCES FOR PARENTS AND EDUCATORS. VERMONT PUBLIC ALSO FACILITATES CONNECTION AND RICH CONTENT EXPERIENCES THROUGH LIVE EVENTS AT THE STATION, THROUGHOUT THE REGION AND ONLINE.

    Expenses $5,071,398 · Grants $42,500

  • ENGINEERING:VERMONT PUBLIC IS COMMITTED TO BRIDGING DIVIDES, PROVIDING SPACE TO BRING PEOPLE TOGETHER ACROSS DIFFERENCES - IN PERSON AND ONLINE, AS WELL AS ON TV AND RADIO.

    Expenses $5,352,261

As filed on the 2023 return.

Listed in Part VII

  • ALLISON WHRITENOUR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BOB ALLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRAD ROBERTSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CD MATTISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DENNISE CASEY

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    4

  • HB LOZITO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER HERRERA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JIM CLUBB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KERRI HOFFMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LANE PIKE FURY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LIZ MILLER

    DIRECTOR/OFFICER

    Total calculated
    $0
    Hours/week
    2

  • MARGUERITE DIBBLE

    DIRECTOR/OFFICER

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL SEAVER

    DIRECTOR/OFFICER

    Total calculated
    $0
    Hours/week
    2

  • MOLLY LAMBERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PEGGY WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PETER GRAHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TOM EVSLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TRAVIS SAMUELS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WEIWEI WANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WILLEMIEN DINGEMANS MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SCOTT FINN

    PRESIDENT & CEO THROUGH OCTOBER 2023

    Total calculated
    $260,684
    From this org
    $224,615
    From related orgs
    $0
    Other
    $36,069
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $224,615
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $36,069
    Filer's total
    $260,684

  • BRENDAN KINNEY

    PRESIDENT & CEO AS OF OCTOBER 2023

    Total calculated
    $206,094
    From this org
    $172,625
    From related orgs
    $0
    Other
    $33,469
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $172,625
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,469
    Filer's total
    $206,094

  • BRENDAN LEONARD

    CHIEF FINANCIAL OFFICER

    Total calculated
    $204,751
    From this org
    $171,346
    From related orgs
    $0
    Other
    $33,405
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $171,346
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,405
    Filer's total
    $204,751

  • JOSEPH TYMECKI

    SVP OF ENGINEERING & TECHNOLOGY

    Total calculated
    $179,726
    From this org
    $155,708
    From related orgs
    $0
    Other
    $24,018
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $155,708
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,018
    Filer's total
    $179,726

  • KARI ANDERSON

    SVP OF AUDIENCE AND COMMUNITY

    Total calculated
    $176,729
    From this org
    $144,658
    From related orgs
    $0
    Other
    $32,071
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $144,658
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,071
    Filer's total
    $176,729

  • ANGELA EVANCIE

    SVP OF CONTENT

    Total calculated
    $152,466
    From this org
    $129,746
    From related orgs
    $0
    Other
    $22,720
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $129,746
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,720
    Filer's total
    $152,466

  • FRANCES TOBIN

    SVP OF PEOPLE & CULTURE

    Total calculated
    $149,719
    From this org
    $130,207
    From related orgs
    $0
    Other
    $19,512
    Hours/week
    42

  • LESLI BLOUNT

    DIRECTOR OF BUSINESS SPONSORSHIP

    Total calculated
    $134,471
    From this org
    $119,778
    From related orgs
    $0
    Other
    $14,693
    Hours/week
    42

  • JOHN VAN HOESEN

    CHIEF CONTENT OFFICER

    Total calculated
    $127,667
    From this org
    $127,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $127,667
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $127,667

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
SCOTT FINN RECEIVED A SEPARATION PAYMENT OF $260,898

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
27 January 2025
IRS schema version
2023v6.0
Source object
202500279349300905

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