VERMONT ETV INC

EIN: 222990644 501(c)(3)

WINOOSKI, VT

Total Revenue
$9,345,245
Total Expenses
$8,949,752
Total Assets
$65,912,701
Net Assets
$63,486,483
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
VT
Principal Officer
LEONARD CUNNINGHAM
Phone
8026554800
Tax Period
2020-07-01 to 2021-06-30

VERMONT ETV INC, founded in 1989, is a community nonprofit that reported $9.3M in total revenue in fiscal year 2020. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $8.9M left a modest 4% surplus.

Mission

VERMONT PBS CELEBRATES THE INNOVATION AND CREATIVE SPIRIT OF VERMONT, OUR NEIGHBORS IN NEW ENGLAND, NEW YORK AND CANADA, AND CIVIC SOCIETY BEYOND, TO SPARK COMMUNITY AND DEMOCRACY IN OUR WORLD. WE OFFER PROGRAMMING AND EVENTS THAT CONNECT, EMPOWER, AND INSPIRE INDIVIDUALS AND BRING THEM TOGETHER TO DISCOVER NEW KNOWLEDGE, EXPLORE INNOVATIVE IDEAS, AND CELEBRATE OUR COMMONALITIES AND DIFFERENCES IN WAYS THAT PROMOTE DEMOCRATIC VALUES AND RESPECT.

Program Service Accomplishments

Program 1
Expenses: $1,200,574 Revenue: $513,118

PROGRAM DELIVERY: VERMONT PBS LEVERAGES MULTIPLE MEDIA PLATFORMS AND EVENTS TO PROVIDE BROAD ACCESS TO INFORMATION THAT ENLIGHTENS, INSPIRES, AND EMPOWERS OUR VERMONT COMMUNITY AND NEARBY NEIGHBORS...

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PROGRAM DELIVERY: VERMONT PBS LEVERAGES MULTIPLE MEDIA PLATFORMS AND EVENTS TO PROVIDE BROAD ACCESS TO INFORMATION THAT ENLIGHTENS, INSPIRES, AND EMPOWERS OUR VERMONT COMMUNITY AND NEARBY NEIGHBORS IN NEW HAMPSHIRE, NEW YORK, AND CANADA. OUR PROGRAMS ARE BROADCAST 24 HOURS PER DAY, SEVEN DAYS A WEEK, AND VIEWERS WATCH MANY OF THEIR FAVORITE PROGRAMS LIVE STREAMED OR ON DEMAND VIA OUR WEBSITE. WE ALSO BRING OUR PROGRAMMING INTO THE COMMUNITY THROUGH OUTREACH PROGRAMS, SPECIAL EVENTS, TOWN HALLS, AND LIVE ONLINE WEBCASTS. OUR TOWN HALLS CONVENED STAKEHOLDERS AROUND IMPORTANT ISSUES FOR DISCUSSION TO BUILD MUTUAL UNDERSTANDING AND RESPECT. AND OUR OUTREACH ACTIVITIES BROUGHT COMMUNITY MEMBERS TOGETHER WITH MULTIPLE RESOURCES TO ENHANCE THEIR LIVES, INCLUDING CONNECTING PARENTS OF PRESCHOOLERS WITH EARLY-EDUCATION TEACHERS, SPECIALIZED LEARNING MATERIALS AND TECHNOLOGY, AND PBS KIDS PROGRAMMING TO HELP BRIDGE THE DIGITAL DIVIDE FOR ECONOMICALLY DISADVANTAGED VERMONT FAMILIES. WE CONTINUE OUR SUPPORT TO COMMUNITY FAMILIES AND YOUTH WITH VERMONT PBS KIDS, A CHANNEL AND WEB STREAM TO ENSURE THAT PBS KIDS EDUCATIONAL MEDIA IS AVAILABLE TO ALL FAMILIES WHEN THEY WANT IT AND VIA A PLATFORM THAT WORKS BEST FOR THEM. IN ADDITION TO TWENTY-FOUR HOUR, SEVEN DAYS A WEEK PROGRAMMING FROM PBS, VERMONT PBS OFFERS VERMONT BASED TEACHING THROUGH VIDEO AND CONCERTS FOR PRESCHOOLERS AND THEIR FAMILIES.WE PARTNERED WITH THE VERMONT AGENCY OF EDUCATION (AOE) TO PROVIDE EDUCATIONAL CONTENT TO SUPPLEMENT REMOTE LEARNING FOR VERMONT STUDENTS AND SCHOOL DISTRICTS DURING THE COVID-19 OUTBREAK. THIS INITIATIVE PROVIDED OVER 83,500 VERMONT STUDENTS ACCESS TO FREE, HIGH-QUALTIY EDUCATIONAL RESOURCES VIA TELEVISION BROADCAST AND ONLINE CONTENT THROUGHOUT THE DURATION OF SCHOOL CLOSURES TO HELP COMPLEMENT DISTANCE LEARNING EFFORTS BY VERMONT SCHOOL LEADERS. "I RECOGNIZE THERE IS NO REPLACEMENT FOR IN-PERSON INSTRUCTION AND THE LEARNING THAT TAKES PLACE IN A CLASSROOM BUT THIS IS AN UNPRECEDENTED PUBLIC HEALTH SITUATION, AND WE MUST WORK TOGETHER TO PROVIDE THE BEST POSSIBLE REMOTE LEARNING OPPORTUNITIES FOR VERMONT'S KIDS," GOVERNOR SCOTT SAID. "EDUCATORS AND PARENTS ARE WORKING HARD TO ACHIEVE THESE GOALS, AND THIS INITIATIVE WILL HELP SUPPORT THEIR WORK. I AM GRATEFUL TO VERMONT PBS AS THIS PARTNERSHIP WILL GIVE THOSE ALREADY DOING SO MUCH ANOTHER TOOL TO REACH AND EDUCATE STUDENTS," GOVERNOR SCOTT ADDED. VERMONT PBS USED TWO OF ITS STATEWIDE CHANNELS TO BROADCAST CONTENT ACROSS THE AGE SPECTRUM FOR PRE-K THROUGH THE 12TH GRADE. VERMONT PBS ALSO PROVIDED RESOURCES THAT ALLOWED TEACHERS AND CAREGIVERS TO ACCESS AT-HOME CURRICULUM THAT INCLUDES ACTIVITIES, ASSIGNMENTS AND LEARNING OBJECTIVES.

Program 2
Expenses: $1,034,504 Revenue: $1,578

PROGRAM PRODUCTION: VERMONT PBS PRODUCES YEAR-ROUND, ORIGINAL PROGRAMMING STEEPED IN THE ARTS, CULTURE, SCIENCE, NEWS, COMMUNITY ENGAGEMENT, AND K-12 EDUCATION ENRICHMENT. WE PROVIDE A LOCAL AND...

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PROGRAM PRODUCTION: VERMONT PBS PRODUCES YEAR-ROUND, ORIGINAL PROGRAMMING STEEPED IN THE ARTS, CULTURE, SCIENCE, NEWS, COMMUNITY ENGAGEMENT, AND K-12 EDUCATION ENRICHMENT. WE PROVIDE A LOCAL AND REGIONAL LENS ON ISSUES OF INTEREST AND IMPORTANCE TO OUR COMMUNITY AND BRING PEOPLE TOGETHER THROUGH SHARED INFORMATION AND EXPERIENCES. WHEN NOT IN A PANDEMIC WE PARTNER WITH COMMUNITY MEMBERS FROM THROUGHOUT THE REGION, INCLUDING: ARTISTS AND ARTISANS; ENVIRONMENTALISTS AND FARMERS; INNOVATORS AND ENTREPRENEURS; MUSICIANS AND MAKERS; HISTORIANS, BUSINESS LEADERS AND CIVIC ORGANIZATIONS; K-12 TEACHERS, ADMINISTRATORS, PARENTS AND STUDENTS; AND ACTIVE CITIZENS AND AREA AGENTS OF CHANGE. TOGETHER WE PRODUCE ORIGINAL BROADCAST AND WEB-BASED PROGRAMS TO CELEBRATE THE INNOVATION AND CREATIVE SPIRIT OF VERMONT AND SPARK COMMUNITY AND DEMOCRACY IN OUR WORLD. EXAMPLE COLLABORATIONS INCLUDED OUR ONGOING "MADE HERE" SERIES THAT FEATURES ORIGINAL AREA FILMMAKERS AND THEIR WORK; AND OUR VERMONT PBS + PRESCHOOL PROJECT PARTNERSHIP WITH CHAMPLAIN VALLEY HEAD START TO HELP PARENTS FROM ECONOMICALLY DISADVANTAGED FAMILIES ENGAGE IN THEIR CHILDREN'S EDUCATION THROUGH THE USE OF DIGITAL MEDIA AND SUPPORTING EDUCATIONAL RESOURCES.

Program 3
Expenses: $3,804,501 Revenue: $51,337

VERMONT PBS PROVIDES ACCLAIMED PROGRAMMING FROM NATIONAL AND INTERNATIONAL SOURCES INCLUDING PBS, THE BBC, AND OTHER AWARD-WINNING PRODUCERS OF EDUCATIONAL AND ENTERTAINMENT PROGRAMS. OUR AUDIENCE...

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VERMONT PBS PROVIDES ACCLAIMED PROGRAMMING FROM NATIONAL AND INTERNATIONAL SOURCES INCLUDING PBS, THE BBC, AND OTHER AWARD-WINNING PRODUCERS OF EDUCATIONAL AND ENTERTAINMENT PROGRAMS. OUR AUDIENCE RELIES ON VERMONT PBS FOR THEIR FAVORITES SUCH AS "FRONTLINE," "NOVA," "LIVE FROM LINCOLN CENTER," "AUSTIN CITY LIMITS," "FINDING YOUR ROOTS, AND THE WIDE RANGE OF CHILDREN'S PROGRAMS, INTERACTIVE WEB-BASED ACTIVITIES, AND EDUCATIONAL RESOURCES FROM PBS KIDS. THESE ONGOING SERIES ARE SUPPLEMENTED BY IN-DEPTH FEATURES AND SHORT-TERM SERIES ROOTED IN RIGOROUS RESEARCH AND INVESTIGATIVE REPORTING. VERMONT PBS IS ABLE TO PURCHASE THESE PROGRAMS BY LEVERAGING GIFTS AND GRANTS FROM OUR MEMBERS, CORPORATE SPONSORS, NON-PROFIT ORGANIZATIONS, AND PUBLIC AND PRIVATE FUNDING AGENCIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $4,879,056
Program Service Revenue $566,033
Investment Income $2,683,387
Other Revenue $1,216,769
TOTAL REVENUE $9,345,245

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,640,365
Fundraising Expenses $825,305
Program Expenses $6,039,579
Other Expenses $5,169,178
TOTAL EXPENSES $8,949,752

Year-over-Year Comparison

2020 2019 Change
Revenue $9,345,245 $8,006,225 +0.2%
Expenses $8,949,752 $9,112,532 0.0%
Net Income $395,493 $-1,106,307 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
13
Employees
48
Volunteers
23

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$491,286
Total Directors
14
$179,148
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA AUSTIN- HAWLEY VICE CHAIR 4.00
Officer Director
$0 $0 $0
MARGUERITE DIBBLE CHAIR 4.00
Officer Director
$0 $0 $0
HAL COLSTON DIRECTOR 2.00
Director
$0 $0 $0
JOHN EVANS DIRECTOR 2.00
Director
$0 $0 $0
PETER GRAHAM DIRECTOR 2.00
Director
$0 $0 $0
ELIZABETH RATTIGAN DIRECTOR 2.00
Director
$0 $0 $0
BILL STETSON DIRECTOR 2.00
Director
$0 $0 $0
LISA VENTRISS DIRECTOR 2.00
Director
$0 $0 $0
JIM CLUBB DIRECTOR 4.00
Officer Director
$0 $0 $0
HOLLY GROSCHNER PRESIDENT 42.00
Officer Director
$167,385 $11,763 $179,148
DENNISE CASEY DIRECTOR 2.00
Director
$0 $0 $0
TOM EVSLIN DIRECTOR 2.00
Director
$0 $0 $0
WANDA HEADING-GRANT DIRECTOR 2.00
Director
$0 $0 $0
DAVID TAPLIN DIRECTOR 2.00
Director
$0 $0 $0
LEONARD CUNNINGHAM SECRETARY 42.00
Officer
$92,041 $37,395 $129,436
STEPHEN FERREIRA TREASURER 42.00
Officer
$149,909 $32,793 $182,702
CHRYSTAL HEIMERT VP MARKETING 42.00
Highest
$119,131 $38,749 $157,880
JACK EFROMSON CHIEF TECHNOLOGY OFFICER 42.00
Highest
$139,534 $30,361 $169,895
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $9,345,245 $8,949,752 $65,912,701 $395,493
2021 No data No data No data No data
2020 $8,006,225 $9,112,532 $58,305,889 $-1,106,307
2019 $6,918,251 $8,002,097 $61,045,347 $-1,083,846
2018 $61,248,018 $7,415,093 $60,194,362 $53,832,925
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