Department of the Treasury Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
Attach to Form 990 or Form 990-EZ. See separate instructions. Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
VERMONT SUSTAINABLE JOBS FUND INC
Employer identification number
03-0349736
Part I
Reason for Public Charity Status
(All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).
f
If the organization received a written determination from the IRS that it is a Type I, Type II, or Type III supporting organization, check this box
..................................................
g
Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?
(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the supported organization?
................
11g(i)
(ii)
A family member of a person described in (i) above?
......................
11g(ii)
(iii)
A 35% controlled entity of a person described in (i) or (ii) above?
................
11g(iii)
h
Provide the following information about the supported organization(s).
(i) Name of supported organization
(ii) EIN
(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))
(iv) Is the organization in col. (i) listed in your governing document?
(v) Did you notify the organization in col. (i) of your support?
(vi) Is the organization in col. (i) organized in the U.S.?
(vii) Amount of monetary support
Yes
No
Yes
No
Yes
No
Total
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the
organization failed to qualify under Part III. If the organization fails to
qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in)
(a) 2009
(b) 2010
(c) 2011
(d) 2012
(e) 2013
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
1,513,877
1,180,309
1,582,172
2,540,454
1,486,974
8,303,786
2
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3
The value of services or facilities furnished by a governmental unit to the organization without charge..
4
Total. Add lines 1 through 3
1,513,877
1,180,309
1,582,172
2,540,454
1,486,974
8,303,786
5
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included
on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6
Public support. Subtract line 5 from line 4.
8,303,786
Section B. Total Support
Calendar year
(or fiscal year beginning in)
(a) 2009
(b) 2010
(c) 2011
(d) 2012
(e) 2013
(f) Total
7
Amounts from line 4..
1,513,877
1,180,309
1,582,172
2,540,454
1,486,974
8,303,786
8
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
2,425
1,501
5,181
2,803
9,276
21,186
9
Net income from unrelated business activities, whether or not the business is regularly carried on..
10
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)..
11
Total support (Add lines 7 through 10).
8,324,972
12
Gross receipts from related activities, etc. (see instructions)
..................
12
213,883
13
First five years.
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.................................................
Section C. Computation of Public Support Percentage
14
Public support percentage for 2013 (line 6, column (f) divided by line 11, column (f))
.........
14
99.750 %
15
Public support percentage for 2012 Schedule A, Part II, line 14
...............
15
99.240 %
16a
33 1/3% support test—2013.
If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization
.......................
b
33 1/3% support test—2012.
If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization
.....................
17a
10%-facts-and-circumstances test—2013.
If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization
.....................................................
b
10%-facts-and-circumstances test—2012.
If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization
................................................
18
Private foundation.
If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions
.....................................................
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization
failed to qualify under Part II. If the organization fails to qualify under
the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in)
(a) 2009
(b) 2010
(c) 2011
(d) 2012
(e) 2013
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3
Gross receipts from activities that are not an unrelated trade or business under section 513..
4
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5
The value of services or facilities furnished by a governmental unit to the organization without charge..
6
Total. Add lines 1 through 5.
7a
Amounts included on lines 1, 2, and 3 received from disqualified persons...
b
Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c
Add lines 7a and 7b..
8
Public support (Subtract line 7c from line 6.)
Section B. Total Support
Calendar year (or fiscal year beginning in)
(a) 2009
(b) 2010
(c) 2011
(d) 2012
(e) 2013
(f) Total
9
Amounts from line 6...
10a
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c
Add lines 10a and 10b.
11
Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
..
13
Total support. (Add lines 9, 10c, 11, and 12.)..
14
First five years.
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.............................................
Section C. Computation of Public Support Percentage
15
Public support percentage for 2013 (line 8, column (f) divided by line 13, column (f))
.........
15
16
Public support percentage from 2012 Schedule A, Part III, line 15
...............
16
Section D. Computation of Investment Income Percentage
17
Investment income percentage for 2013 (line 10c, column (f) divided by line 13, column (f))
......
17
18
Investment income percentage from 2012 Schedule A, Part III, line 17
.............
18
19a
33 1/3% support tests—2013.
If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
........
b
33 1/3% support tests—2012.
If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
.....
20
Private foundation.
If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions
.....
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 4
Part IV
Supplemental Information.
Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; and Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
Explanation
Schedule A (Form 990 or 990-EZ) 2013
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE O (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
VERMONT SUSTAINABLE JOBS FUND INC
Employer identification number
03-0349736
Return Reference
Explanation
FORM 990, PAGE 2, PART III, LINE 4D
OTHER PROGRAMS OF THE VERMONT SUSTAINABLE JOBS FUND INCLUDE THE VERMONT FOOD ATLAS, A SEARCHABLE MAPPING TOOL DESIGNED TO HELP FARMERS AND FOOD BUSINESSES FIND RESOURCES ON EDUCATION, FINANCING, AND TECHNICAL ASSISTANCE, AND BUILD RELATIONSHIPS WITH DISTRIBUTORS, PROCESSING CENTERS, OTHER FARMERS, AND ALL ENTITIES REPRESENTING THE STATE'S FOOD SYSTEM. THE VERMONT RENEWABLE ENERGY ATLAS IS A WEBSITE THAT MAPS EXISTING AND POTENTIAL SOLAR, WIND, HYDRO, BIOMASS, AND GEOTHERMAL SITES IN ORDER TO ASSIST TOWN ENERGY COMMITTEES, THE CLEAN ENERGY DEVELOPMENT FUND AND OTHER FUNDERS, EDUCATORS, PLANNERS, POLICY-MAKERS, AND BUSINESSES IN MAKING INFORMED DECISIONS ABOUT OUR ENERGY FUTURE. THE VERMONT AGRICULTURE DEVELOPMENT PROGRAM (VADP) SUPPORTS THE GROWTH AND LONG-TERM SUCCESS OF VALUE-ADDED AGRICULTURAL AND FORESTRY ENTERPRISES BASED IN VERMONT. THE PROGRAM PROVIDES VENTURE COACHING AND TECHNICAL ASSISTANCE TO STRENGTHEN THE CAPACITY OF BUSINESSES IN ORDER TO SERVE AN EXPANDING MARKET FOR VERMONT FOOD AND FOREST PRODUCTS. THE FLEXIBLE CAPITAL FUND, L3C (FLEX FUND) IS A MISSION-BASED INVESTMENT FUND THAT PROVIDES 'EQUITY LIKE' FINANCING IN THE FORM OF ROYALTY (OR REVENUE-SHARING) LOANS AND SUBORDINATED DEBT TO VERMONT GROWTH COMPANIES IN VALUE-ADDED AGRICULTURE, FORESTRY, AND CLEAN TECHNOLOGY. THE FLEX FUND OFFERS FLEXIBLE, HIGHER RISK DEBT THAT FUNCTIONS LIKE EQUITY BUT DOESN'T REQUIRE COLLATERAL OR GIVING UP OWNERSHIP IN THE COMPANY, AND WON'T FORCE COMPANIES INTO AN EXIT STRATEGY OR SALE IN ORDER TO REPAY THE INVESTMENT. THE FLEX FUND ALSO BRINGS TO BORROWERS BUSINESS ASSISTANCE, MARKET EXPERTISE AND INSTANT ACCESS TO NETWORKS. THE PEER TO PEER COLLABORATIVE IS A CEO-ADVISORY PROGRAM THAT GIVES GROWING COMPANIES ACCESS TO A CONFIDENTIAL, SUPPORTIVE TEAM OF EXPERIENCED ENTREPRENEURS AND BUSINESS LEADERS WHO SHARE LESSONS LEARNED AND PROVEN BUSINESS STRATEGIES FOR BUILDING A STRONGER OPERATIONAL STRUCTURE, IMPROVING PROFITABILITY, AND SUPPORTING LIVABLE WAGES FOR THEIR EMPLOYEES.
FORM 990, PAGE 6, PART VI, LINE 11B
MANAGEMENT REVIEWS A DRAFT OF THE FORM 990 AND A COPY IS PROVIDED TO THE BOARD OF DIRECTORS BEFORE THE RETURN IS FILED.
FORM 990, PAGE 6, PART VI, LINE 12C
BOARD OF DIRECTORS AND STAFF REVIEW CONFLICT OF INTEREST POLICY ANNUALLY AND COMPLETE ANNUAL SURVEY FORM. ONCE THE FORMS ARE COMPLETED, THE EXECUTIVE DIRECTOR REVIEWS THEM FOR POTENTIAL CONFLICTS.
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 PERFORMANCE. WRITTEN EVALUATIONS OF THE E.D.'S PERFORMANCE ARE SOLICITED FROM THE E.D., ALL STAFF MEMBERS AND ALL BOARD MEMBERS. THESE REVIEWS ARE THEN AGGREGATED AND TALLIED. THE COMPENSATION COMMITTEE THEN CONSIDERS WHETHER THE E.D.'S PERFORMANCE MERITS A SIMPLE COLA ADJUSTMENT AND/OR SOME MERIT INCREASE. THE COMMITTEE ALSO CONSIDERS WHAT THE BUDGET FOR THE NEW FISCAL YEAR CAN ACCOMODATE 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 FY2013 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.
FORM 990, PAGE 6, PART VI, LINE 19
CERTAIN INFORMATION IS AVAILABLE ON GUIDESTAR.ORG AND OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11G
FARM TO PLATE - OTHER SVCS 103,378 0 0 BIOFUELS - OTHER SVCS 48,951 0 0 BUS. ASSISTANCE - OTHER SVCS 6,317 0 0 FISCAL SPONSOR - OTHER SVCS 18,657 0 0 SUPPORT - OTHER SVCS 0 2,250 0 FLEX FUND - OTHER SVCS 2,100 0 0
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.