The Current INC: Nonprofit Profile, Financials & Form 990 (EIN 03-0284825)

Rachel Moore’s $107K as Executive Di is at the 91st percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Rachel Moore	$106,677	$108,327	$100,493	$96,703	$83,917

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Enhances human experience through visual arts education and community programs.

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1 program · $585K · in their own filed words · FY2024

01

Education-adult and youth programs offered classes, workshops, and family events this year. Exhibitions - curated and produced 7 exhibitions. Public programming in the form of artist talks, academic panels, and workshops accompany the exhibitions.

$585Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Fidelity Investments Charitable Gift FundFY2024$81K

Vermont Community FoundationFY2024$29K

Vermont Council on the Arts INCFY2024$11K

Vanguard Charitable Endowment ProgramFY2024$9K

Total grants receivedfrom 4 funders$129K

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By the numbers

The FY2024 990, line by line.

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1The main four

Money inPt VIII

$763K

Ln 12

Gifts and grantsLn 1h$462K

Fees for servicesLn 2g$179K

Other incomeLn 4–11$111K

Money outPt IX

$914K

Ln 25

Programscol B$585K

Managementcol C$158K

Fundraisingcol D$171K

Owns and owesPt X

$1.4M

net assets · Ln 32

Cash and savingsLn 1–2$143K

Total assetsLn 16$1.5M

LiabilitiesLn 26$86K

PeoplePt VI, VII

19

listed · VII A

PaidVII A1

Voting boardVI 1a18

IndependentVI 1b18

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$462K

Government grantsLn 1e$15K

Noncash giftsLn 1g$51K

Fundraising eventsLn 1c$83K

Fees for servicesLn 2g$179K

Investment incomeLn 3$11K

Other incomeLn 4–11$111K

Gains on assetsLn 7$2K

Total revenueLn 12$763K

Assets in detailPt X, end of year

CashLn 1$87K

SavingsLn 2$56K

Cash and savings togetherLn 1–2$143K

InvestmentsLn 11–13$327K

Land, buildings, equipmentLn 10c$261K

Other assetsLn 15$721K

Total assetsLn 16$1.5M

LiabilitiesLn 26$86K

Net assetsLn 32$1.4M

OperationsPt I, VI

EmployeesI 512

VolunteersI 66

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$506K	$143K
InvestmentsLn 11–13	$114K	$327K
Land, buildings, equipmentLn 10c	$269K	$261K
Total assetsLn 16	$1.6M	$1.5M
LiabilitiesLn 26	$98K	$86K
Net assetsLn 32	$1.5M	$1.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$108K	$54K		$54K
Other salaries and wagesLn 7	$352K	$237K	$44K	$72K
Other employee benefitsLn 9	$28K	$19K	$3K	$6K
Payroll taxesLn 10	$45K	$28K	$4K	$12K
Accounting feesLn 11c	$3K		$3K
Investment management feesLn 11f	$2K		$2K
Other fees for servicesLn 11g	$94K	$36K	$45K	$13K
Advertising and promotionLn 12	$8K	$5K	$2K	$57
Office expensesLn 13	$9K	$5K	$1K	$4K
Information technologyLn 14	$11K		$11K
OccupancyLn 16	$17K	$2K	$14K
TravelLn 17	$870	$506	$364
Depreciation, depletion and amortizationLn 22	$9K	$9K	$674
InsuranceLn 23	$12K	$7K	$2K	$3K
Other expenses (24a–d)Ln 24	$184K	$173K	$5K	$7K
All other expensesLn 24e	$30K	$10K	$19K	$743
Total functional expensesLn 25	$914K	$585K	$158K	$171K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$763K	$914K	−$152K	$1.4M	990 PDF
FY2023	$704K	$831K	−$127K	$1.5M	990 PDF
FY2022	$649K	$724K	−$75K	$1.6M	990 PDF
FY2021	$678K	$586K	$91K	$1.7M	990 PDF
FY2020	$868K	$393K	$475K	$1.6M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $762,687 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $439,366$461,734

I-9 Program service revenuePrior year $182,916$179,201

I-10 Investment incomePrior year $6,285$10,615

I-11 Other revenuePrior year $75,712$111,137

I-12 Total revenuePrior year $704,279$762,687

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $536,299$532,629

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $294,788$381,740

I-18 Total expensesPrior year $831,087$914,369

I-19 Revenue less expensesPrior year −$126,808−$151,682

Part VI · Governance 18 of 18 board members independent, 2 to look at

VI-1a Voting members of the governing body18

VI-1b Independent voting members18

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

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

Part VIII · Statement of revenue $762,687 across 11 lines filed

Lines not itemized here account for $16,951 of total revenue; see the IRS return.

VIII-1b Membership dues$17,727

VIII-1c Fundraising events$83,377

VIII-1e Government grants$15,000

VIII-1f All other contributions, gifts and grants$345,630

VIII-1g Noncash contributions (included above)$50,776

VIII-1h Total contributions, gifts and grants$461,734

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $179,201$179,201

VIII-3 Investment incomeExcluded from tax $9,027$9,027

VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,588$1,588

VIII-8 Net income from fundraising events$94,186

VIII-12 Total revenueRelated to mission $180,852 · Excluded from tax $25,915$762,687

Part IX · Statement of functional expenses $914,369 across 16 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $53,756 · Fundraising $53,756$107,512

IX-7 Other salaries and wagesPrograms $236,953 · Management $43,536 · Fundraising $71,899$352,388

IX-9 Other employee benefitsPrograms $18,692 · Management $3,382 · Fundraising $5,634$27,708

IX-10 Payroll taxesPrograms $28,458 · Management $4,262 · Fundraising $12,301$45,021

IX-11c Accounting feesManagement $3,300$3,300

IX-11f Investment management feesManagement $2,215$2,215

IX-11g Other fees for servicesPrograms $35,600 · Management $45,488 · Fundraising $13,394$94,482

IX-12 Advertising and promotionPrograms $5,463 · Management $2,137 · Fundraising $57$7,657

IX-13 Office expensesPrograms $4,702 · Management $1,182 · Fundraising $3,543$9,427

IX-14 Information technologyManagement $11,100$11,100

IX-16 OccupancyPrograms $2,492 · Management $14,081$16,573

IX-17 TravelPrograms $506 · Management $364$870

IX-22 Depreciation, depletion and amortizationPrograms $8,613 · Management $674$9,287

IX-23 InsurancePrograms $6,833 · Management $1,769 · Fundraising $3,418$12,020

IX-24 Other expenses (24a–d)Programs $173,029 · Management $4,876 · Fundraising $6,545$184,450

IX-24e All other expensesPrograms $10,201 · Management $19,415 · Fundraising $743$30,359

IX-25 Total functional expensesPrograms $585,298 · Management $157,781 · Fundraising $171,290$914,369

Part X · Balance sheet $1,476,685 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $227,959$87,226

X-2 Savings and temporary cash investmentsStart of year $277,793$56,031

X-4 Accounts receivableStart of year $1,975$2,600

X-9 Prepaid expenses and deferred chargesStart of year $12,478$16,097

X-10c Land, buildings and equipment, netStart of year $269,327$260,613

X-11 Publicly traded securitiesStart of year $113,838$326,538

X-14 Intangible assetsStart of year $7,603$7,030

X-15 Other assetsStart of year $720,550$720,550

X-16 Total assetsStart of year $1,631,523$1,476,685

X-17 Accounts payable and accrued expensesStart of year $40,017$20,666

X-19 Deferred revenueStart of year $56,231$62,794

X-25 Other liabilitiesStart of year $1,367$2,333

X-26 Total liabilitiesStart of year $97,615$85,793

X-32 Total net assets or fund balancesStart of year $1,533,908$1,390,892

X-33 Total liabilities and net assetsStart of year $1,631,523$1,476,685

Part XI · Reconciliation of net assets $1,390,892 net assets at year end

XI-1 Total revenue$762,687

XI-2 Total expenses$914,369

XI-3 Revenue less expenses−$151,682

XI-4 Net assets at start of year$1,533,908

XI-5 Net unrealized gains (losses) on investments$8,666

XI-10 Net assets at end of year$1,390,892

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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