2023-11-15T12:59:11-05:00 2022-12-31 030280081 JMM & ASSOCIATES PC 463 MOUNTAIN VIEW DRIVE SUITE 403 COLCHESTER VT 05446 990 2022-01-01 030349736 VERMONT SUSTAINABLE JOBS FUND INC VERM 8028281260 3 PITKIN COURT SUITE 301E MONTPELIER VT 05602 ELLEN KAHLER EXECUTIVE DIRECTOR 8028285320 2023-11-14 true ELLEN KAHLER 999009999 false RANDALL L SARGENT CPA P00136499 8026555665 2023-11-15 2022 2023-04-26 12:10:37Z ELLEN KAHLER 3 PITKIN COURT SUITE 301E MONTPELIER VT 05602 2643987 false X WWW.VSJF.ORG X 1995 VT WE NURTURE THE ECONOMIC PROSPERITY, ECOLOGICAL HEALTH, AND SOCIAL CONNECTIVITY OF PEOPLE, BUSINESSES, ORGANIZATIONS AND COMMUNITIES IN VERMONT FOR THE BENEFIT AND WELL-BEING OF ALL WHO LIVE HERE. 11 11 20 13 0 1357929 2133043 125641 216270 226525 293089 1455 600 1711550 2643002 44099 85306 0 433610 971784 0 24225 242273 975142 719982 2032232 991568 610770 2791131 3551574 170546 320219 2620585 3231355 X WE NURTURE THE ECONOMIC PROSPERITY, ECOLOGICAL HEALTH, AND SOCIAL CONNECTIVITY OF PEOPLE, BUSINESSES, ORGANIZATIONS AND COMMUNITIES IN VERMONT FOR THE BENEFIT AND WELL-BEING OF ALL WHO LIVE HERE. false false 581401 8500 28522 THE VERMONT SUSTAINABLE JOBS FUND (VSJF) WAS DESIGNATED BY THE VERMONT LEGISLATURE IN 2009 TO SERVE AS THE ADMINISTRATOR OF THE FARM TO PLATE INVESTMENT PROGRAM, WITH THE AIM OF STRENGTHENING VERMONT'S FOOD SYSTEM OVER TEN YEARS. IN 2019, THE LEGISLATURE REAUTHORIZED ANOTHER TEN YEARS OF THE FARM TO PLATE INVESTMENT PROGRAM TO: INCREASE SUSTAINABLE ECONOMIC DEVELOPMENT AND CREATE JOBS IN VERMONT'S FOOD AND FARM SECTOR; 2. IMPROVE SOILS, WATER, AND RESILIENCY OF THE WORKING LANDSCAPE IN THE FACE OF CLIMATE CHANGE; AND 3. IMPROVE ACCESS TO HEALTHY LOCAL FOODS FOR ALL VERMONTERS. 365605 25000 27414 THE VERMONT SUSTAINABLE JOBS FUND'S BUSINESS ASSISTANCE PROGRAM SERVES CLIENTS CONNECTED TO AGRICULTURE AND FOOD SYSTEM, FOREST PRODUCT, WASTE MANAGEMENT, RENEWABLE ENERGY, AND ENVIRONMENTAL TECHNOLOGY SECTORS. WE PROVIDE TAILORED, HIGH-TOUCH PLANNING, COACHING, AND ADVISING FOR BUSINESS OWNERS AND THEIR MANAGEMENT TEAMS TO ADVANCE PROFITABILITY, JOB CREATION, AND SUSTAINABLE BUSINESS DEVELOPMENT. 208203 THE VERMONT SUSTAINABLE JOBS FUND'S FOREST PRODUCTS PROGRAM SUPPORTS AND PROMOTES VERMONT'S FOREST PRODUCTS INDUSTRY THROUGH THE DEVELOPMENT OF VALUE CHAIN INVESTMENT STRATEGIES AND A COMMUNICATIONS STRATEGY TO IMPROVE MARKET OPPORTUNITIES FOR THE INDUSTRY. THE PROGRAM IS A COLLABORATIVE PARTNERSHIP BETWEEN THE VERMONT SUSTAINABLE JOBS FUND AND THE VERMONT WORKING LANDS ENTERPRISE INITIATIVE CENTER. 444800 51806 160334 THE DELTACLIMEVT BUSINESS ACCELERATOR IS A VERMONT-BASED PROGRAM SERVING STARTUP AND SEED-STAGE VENTURES FOCUSING ON CLIMATE ECONOMY INNOVATION ACROSS MULTIPLE INDUSTRIES. OUR THREE IMMERSIVE SPRINTS HELP COMPANIES REFINE THEIR VISION, SOLIDIFY THEIR STRATEGY, AND ENABLE RAPID GROWTH. PARTICIPANTS GRADUATE WITH IMPROVED BUSINESS PLANS, NEW TOOLS TO ATTRACT INVESTORS, AND THE POTENTIAL TO GROW THEIR BUSINESS OPPORTUNITIES IN VERMONT AND BEYOND. THE FLEXIBLE CAPITAL FUND, L3C (FLEX FUND) IS A MISSION-BASED, FOR PROFIT INVESTMENT FUND LAUNCHED IN 2011 THAT PROVIDES FLEXIBLE RISK CAPITAL TO INNOVATIVE GROWTH STAGE COMPANIES IN VERMONT'S FOOD SYSTEM, FORESTRY AND CLEAN TECHNOLOGY SECTORS. THE VERMONT SUSTAINABLE JOBS FUND SERVES AS THE FLEX FUND'S MANAGER, AND THROUGH CONTRACTUAL ARRANGEMENT PROVIDES FUND MANAGEMENT SERVICES AND ADMINISTRATIVE SUPPORT TO THE FLEX FUND ON A FEE FOR SERVICE BASIS. DECISION-MAKING AUTHORITY AND GOVERNANCE FOR THE FLEX FUND IS DONE SOLELY THROUGH THE FLEX FUND'S BOARD OF MANAGERS. 444800 51806 160334 1600009 true true false true false false false false false false true false true false true true true false false false false true false false false false false true false false false false false false false false false true false false false false false true false false false true 47 0 20 true false false false false false false false false false false false false X 11 11 false false true false false false false true true false false false true true true true true true false true true X X ANTHONY MENNONA 8028281260 3 PITKIN COURT SUITE 301E MONTPELIER VT 05602 ELLEN KAHLER EXECUTIVE DI 40.00 X 111000 0 13196 JANICE ST ONGE DIRECTOR & P 40.00 X 101412 0 2760 NATE HAUSMAN CHAIR 1.00 X X 0 0 0 SHELLY SEVERINGHAUS VICE CHAIR 1.00 X X 0 0 0 NOELLE MACKAY SECRETARY/TR 1.00 X X 0 0 0 TAYT BROOKS DIRECTOR 1.00 X 0 0 0 ANDREA COHEN DIRECTOR 1.00 X 0 0 0 ADITI DATTA DIRECTOR 1.00 X 0 0 0 DUSTIN DEGREE DIRECTOR 1.00 X 0 0 0 JEAN MYUNG HAMILTON DIRECTOR 1.00 X 0 0 0 ALLISON HOOPER DIRECTOR 1.00 X 0 0 0 LAURA SIBILIA DIRECTOR 1.00 X 0 0 0 ANSON TEBBETTS DIRECTOR 1.00 X 0 0 0 ROBIN SCHEU LEFT 63022 DIRECTOR 1.00 X 0 0 0 SARA GILBERT LEFT 6302022 DIRECTOR 1.00 X 0 0 0 212412 15956 2 false false false 908339 1224704 2133043 FEES FOR SERVICE 541900 187748 187748 FARM TO PLATE GATHERING 541900 24247 24247 EVENT REGISTRATIONS 541900 4275 4275 216270 294074 294074 985 -985 -985 -985 MISCELLANEOUS 900099 600 600 600 2643002 509359 600 X 57431 57431 2875 2875 25000 25000 124196 69550 49678 4968 696218 551761 132418 12039 16749 13642 2819 288 71083 56929 12840 1314 63538 48745 13538 1255 32205 30043 2162 14623 623 14000 1500 1500 638592 545365 93027 200 13889 5758 5631 2500 46915 21766 24710 439 32665 8734 23931 45489 34596 9964 929 22676 20089 2587 83326 78229 4804 293 37216 27033 10183 5706 5706 PROVISION FOR BAD DEBTS 340 340 2032232 1600009 407998 24225 13563 11901 1180073 1639699 636871 619079 29530 60387 186531 97436 69012 89095 862082 1081536 49877 2791131 3551574 135036 204588 18775 65754 16735 49877 170546 320219 X 1475925 1688625 1144660 1542730 2620585 3231355 2791131 3551574 610770 X false true X true false X 1243399 1625117 1216021 1357929 2133043 7575509 1243399 1625117 1216021 1357929 2133043 7575509 1389430 6186079 107701 69219 5777 226525 294074 703296 995 303 600 1898 8280703 1190883 0.74700 0.80150 X PART II, LINE 10 1,898 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true 1500 false false false 1500 false SCHEDULE C, PART II-B, LINE 1 ANNUAL SUPPORT FOR VERMONT COUNCIL ON RURAL DEVELOPMENT AND WORKING LANDS COALITION TO HIRE A LOBBYIST TO ENSURE STRONG FUNDING FOR THE WORKING LANDS ENTERPRISE FUND. 18832 18610 222 29144 19235 9909 138555 59591 78964 89095 VSJF FLEXIBLE CAPITAL FUND, L3C 1081536 C 1081536 LEASE LIABILITY 49877 49877 X 2647462 4460 4460 2643002 2643002 2036692 4460 4460 2032232 2032232 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. DELTACLIMEVT AWARD 25000 CASH 1 false false false false false false SCHEDULE F, PAGE 5, PART V PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS FINAL REPORTS ON DELIVERABLES AND ACCOMPLISHMENTS WERE COLLECTED FROM EACH GRANT RECIPIENT PER THEIR GRANT AGREEMENT. true HARTFORD FOOD SYSTEM 190 WETHERSFIELD AVE HARTFORD CT 06114 060991880 501C3 5149 CASH F2P NETWORK GRANT THIRD SECTOR NE MISSIONWORKS 89 SOUTH STREET STE 700 BOSTON MA 02111 042261109 501C3 15050 CASH F2P NETWORK GRANT UNH FOUNDATION 9 EDGEWOOD ROAD DURHAM NH 03824 020437506 501C3 10736 CASH F2P NETWORK GRANT 3 SCHEDULE I, PAGE 1, PART I, LINE 2 FINAL REPORTS ON DELIVERABLES AND ACCOMPLISHMENTS WERE COLLECTED FROM EACH GRANT RECIPIENT PER THEIR GRANT AGREEMENT. VSJF FLEXIBLE CAPITAL FUND L3C DIRECTORS 105000 MANAGEMENT FEE false FORM 990, PAGE 2, PART III, LINE 4D THE DELTACLIMEVT BUSINESS ACCELERATOR IS A VERMONT-BASED PROGRAM SERVING STARTUP AND SEED-STAGE VENTURES FOCUSING ON CLIMATE ECONOMY INNOVATION ACROSS MULTIPLE INDUSTRIES. OUR THREE IMMERSIVE SPRINTS HELP COMPANIES REFINE THEIR VISION, SOLIDIFY THEIR STRATEGY, AND ENABLE RAPID GROWTH. PARTICIPANTS GRADUATE WITH IMPROVED BUSINESS PLANS, NEW TOOLS TO ATTRACT INVESTORS, AND THE POTENTIAL TO GROW THEIR BUSINESS OPPORTUNITIES IN VERMONT AND BEYOND. THE FLEXIBLE CAPITAL FUND, L3C (FLEX FUND) IS A MISSION-BASED, FOR PROFIT INVESTMENT FUND LAUNCHED IN 2011 THAT PROVIDES FLEXIBLE RISK CAPITAL TO INNOVATIVE GROWTH STAGE COMPANIES IN VERMONT'S FOOD SYSTEM, FORESTRY AND CLEAN TECHNOLOGY SECTORS. THE VERMONT SUSTAINABLE JOBS FUND SERVES AS THE FLEX FUND'S MANAGER, AND THROUGH CONTRACTUAL ARRANGEMENT PROVIDES FUND MANAGEMENT SERVICES AND ADMINISTRATIVE SUPPORT TO THE FLEX FUND ON A FEE FOR SERVICE BASIS. DECISION-MAKING AUTHORITY AND GOVERNANCE FOR THE FLEX FUND IS DONE SOLELY THROUGH THE FLEX FUND'S BOARD OF MANAGERS. FORM 990, PAGE 6, PART VI, LINE 4 CHANGED FISCAL YEAR END FROM JUNE 30TH TO A CALENDAR YEAR ENDING DECEMBER 31ST. FORM 990, PAGE 6, PART VI, LINE 11B TYPICALLY, THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS RECEIVES A DRAFT COPY OF FORM 990 PRIOR TO IT BEING FILED AND REVIEWS IT FOR ACCURACY. IF THAT IS NOT POSSIBLE, MANAGEMENT REVIEWS THE DRAFT COPY BEFORE FILING AND THE FINANCE COMMITTEE RECEIVES THE FILED FORM 990. THE FULL BOARD OF DIRECTORS IS NOTIFIED THAT A COPY OF THE FORM 990 IS AVAILBLE TO THEM IF THEY WOULD LIKE TO REVIEW IT ONCE FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY COLLECTING AND REVIEWING AN ANNUAL DISCLOSURE SURVEY. FORM 990, PAGE 6, PART VI, LINE 15A A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, WHICH IS CHAIRED BY THE CHAIR OF THE BOARD, CONDUCTS AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR'S (E.D.) PERFORMANCE. WRITTEN EVALUATIONS OF THE E.D.'S PERFORMANCE ARE SOLICITED FROM THE E.D., FROM ALL STAFF MEMBERS AND FROM ALL BOARD MEMBERS. THESE REVIEWS ARE THEN AGGREGATED AND TALLIED. THE COMPENSATION COMMITTEE THEN CONSIDERS WHETHER THE E.D.'S PERFORMANCE MERITS A SIMPLE COST OF LIVING ADJUSTMENT AND/OR SOME MERIT INCREASE. THE COMMITTEE ALSO CONSIDERS WHAT THE BUDGET FOR THE NEW FISCAL YEAR CAN ACCOMMODATE AND WHAT THE SALARY LEVELS WILL BE IN THE NEW FISCAL YEAR FOR THE OTHER STAFF MEMBERS - TO ENSURE ADEQUATE SPACING BETWEEN THE E.D. AND THE NEXT HIGHEST PAID EMPLOYEE. IN 2022 THE COMPENSATION COMMITTEE REVIEWED THE E.D.'S CURRENT SALARY IN COMPARISON WITH OTHER STATE OFFICIALS AND E.D.'S OF OTHER ORGANIZATIONS OF COMPARABLE SIZE AND LEVEL OF RESPONSIBILITY. ALSO IN 2022 A HUMAN RESOURCES CONSULTING FIRM, HICKOK & BOARDMAN, UNDER CONTRACT, CONDUCTED A COMPREHENSIVE REVIEW OF ALL STAFF POSITIONS AND SALARY RANGES IN COMPARISON WITH SIMILAR ORGANIZATIONS IN VERMONT. THE BOARD USED THIS 3RD PARTY CONDUCTED ANALYSIS TO ARRIVE AT THE COMPENSATION FOR THE E.D. STARTING JANUARY 1, 2023. FORM 990, PAGE 6, PART VI, LINE 19 THE FORM 990 IS POSTED TO GUIDESTAR.ORG AND OTHER DOCUMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G SUSTAINABLE AGRICULTURE 181,575 0 0 BUSINESS ASSISTANCE 180,295 0 0 FOREST PRODUCTS 38,381 0 0 OTHER 145,114 93,027 200 TOTAL 545,365 93,027 200 VSJF FLEXIBLE CAPITAL FUND L3C 3 PITKIN COURT SUITE 301E MONTPELIER VT 05602 273708251 LENDING VT VSJF RELATED 1081536 false true 0.37000 false false false false false false false false false false false true false false false false false false false VSJF FLEXIBLE CAPITAL FUND L3C L 71830 ACTUAL COST