Green Mountain College: FY2021 Nonprofit Profile & Form 990 (EIN 03-0179299)

Revenue by fiscal year
FY2020	$1.4M
FY2021	−$12.6M
FY2022	$220K

Expenses by fiscal year
FY2020	$3.5M
FY2021	$855K
FY2022	$53K

Net assets by fiscal year
FY2020	−$4.1M
FY2021	−$17.5M
FY2022	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $855K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Keith D Lowey

President

$0Pt VII · Sec A

Matt Flynn

Treasurer

$0Pt VII · Sec A

Thomas Bailey

Secretary

$0Pt VII · Sec A

See Green Mountain College executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students for just, sustainable societies through interdisciplinary liberal arts.

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Provided by the organization

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1 program · $855K · in their own filed words · FY2020

01

Wind down of school

$855Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

−$12.6M

Ln 12

Fees for servicesLn 2g$20K

Investment incomeLn 3$575

Money outPt IX

$855K

Ln 25

Programscol B$855K

Owns and owesPt X

−$17.5M

net assets · Ln 32

Cash and savingsLn 1–2$232K

Total assetsLn 16$232K

LiabilitiesLn 26$17.7M

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$20K

Investment incomeLn 3$575

Gains on assetsLn 7−$12.6M

Total revenueLn 12−$12.6M

Assets in detailPt X, end of year

CashLn 1$7K

SavingsLn 2$226K

Cash and savings togetherLn 1–2$232K

Total assetsLn 16$232K

LiabilitiesLn 26$17.7M

Net assetsLn 32−$17.5M

OperationsPt I, VI

EmployeesI 5354

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$656K	$232K
Total assetsLn 16	$17.7M	$232K
LiabilitiesLn 26	$21.8M	$17.7M
Net assetsLn 32	−$4.1M	−$17.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$2K	$2K
Payroll taxesLn 10	$162	$162
Legal feesLn 11b	$87K	$87K
Accounting feesLn 11c	$183K	$183K
Other fees for servicesLn 11g	$33K	$33K
TravelLn 17	$3K	$3K
InsuranceLn 23	$48K	$48K
Other expenses (24a–d)Ln 24	$411K	$411K
All other expensesLn 24e	$87K	$87K
Total functional expensesLn 25	$855K	$855K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest	$220K	$53K	$167K	$0	990 PDF
FY2021 Viewing	−$12.6M	$855K	−$13.5M	−$17.5M	990 PDF
FY2020	$1.4M	$3.5M	−$2.1M	−$4.1M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary −$12,605,117 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,338,328$0

I-9 Program service revenuePrior year $70,453$19,982

I-10 Investment incomePrior year $10,697−$12,625,099

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $1,419,478−$12,605,117

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $201,929$2,285

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $3,322,864$852,455

I-18 Total expensesPrior year $3,524,793$854,740

I-19 Revenue less expensesPrior year −$2,105,315−$13,459,857

Part VI · Governance 3 of 3 board members independent, no flags

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue −$12,605,117 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,982$19,982

VIII-3 Investment incomeExcluded from tax $575$575

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$12,625,674−$12,625,674

VIII-12 Total revenueRelated to mission $19,982 · Unrelated business $0 · Excluded from tax −$12,625,099−$12,605,117

Part IX · Statement of functional expenses $854,740 across 9 lines filed

IX-7 Other salaries and wagesPrograms $2,123$2,123

IX-10 Payroll taxesPrograms $162$162

IX-11b Legal feesPrograms $87,268$87,268

IX-11c Accounting feesPrograms $183,398$183,398

IX-11g Other fees for servicesPrograms $32,729$32,729

IX-17 TravelPrograms $2,641$2,641

IX-23 InsurancePrograms $48,490$48,490

IX-24 Other expenses (24a–d)Programs $411,374$411,374

IX-24e All other expensesPrograms $86,555$86,555

IX-25 Total functional expensesPrograms $854,740 · Management $0 · Fundraising $0$854,740

Part X · Balance sheet $232,434 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $30,200$6,723

X-2 Savings and temporary cash investmentsStart of year $626,163$225,711

X-16 Total assetsStart of year $17,697,291$232,434

X-17 Accounts payable and accrued expensesStart of year $257,629$257,629

X-20 Tax-exempt bond liabilitiesStart of year $21,495,872$17,490,872

X-26 Total liabilitiesStart of year $21,753,501$17,748,501

X-27 Net assets without donor restrictionsStart of year −$4,056,210−$17,516,067

X-32 Total net assets or fund balancesStart of year −$4,056,210−$17,516,067

X-33 Total liabilities and net assetsStart of year $17,697,291$232,434

Part XI · Reconciliation of net assets −$17,516,067 net assets at year end

XI-1 Total revenue−$12,605,117

XI-2 Total expenses$854,740

XI-3 Revenue less expenses−$13,459,857

XI-4 Net assets at start of year−$4,056,210

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$17,516,067

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Green Mountain College FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Green Mountain College

By the numbers

Filing history

Schedules filed Part IV