2019-02-12T16:44:04-06:00 2018-03-31 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2017-04-01 311713618 Venture Philanthropy Partners Inc % CHARLES E REDMOND II VENT 2022634790 1201 15th Street NW Suite 510 Washington DC 20005 CHARLES E REDMOND II VP, FINANCE & OPS 2022634790 2019-02-12 true Marc Berger P01871563 7038930600 47.186.88.54 54621820190435000000 2019-02-12 P 453C092F4FAE56C85AAB65CCAB8DCA36E7EE5C2A 453C092F4FAE56C85AAB65CCAB8DCA36E7EE5C2A 2017 2019-02-21 02:37:17Z CAROL THOMPSON COLE 1201 15TH STREET NW STE 510 WASHINGTON DC 20005 1920082 false X WWW.VPPARTNERS.ORG X 2000 DE PROVIDES GROWTH CAPITAL & STRATEGIC ASSISTANCE TO BUILD, STRENGTHEN, & SCALE HIGH POTENTIAL ORGANIZATIONS, NETWORKS & SYSTEMS SERVING THE NEEDS OF CHILDREN OF LOW-INC FAMILIES. 23 21 18 27 0 3770 4721298 1859121 0 0 36536 60961 0 0 4757834 1920082 3361409 1707343 0 0 1955635 2263916 0 0 369604 865750 804394 6182794 4775653 -1424960 -2855571 11165987 8311414 209136 219326 10956851 8092088 X SEE SCHEDULE O false false 1707343 1707343 SEE SCHEDULE O 1541922 SEE SCHEDULE O 919358 SEE SCHEDULE O 4168623 true true false false false false false false false false true false false false true true true false false false false false false false false false false true false true false false false false false false false false true false false false false false false false false true 19 0 true 18 true true true false false false false false false false false false X 23 21 false false false false false false false true true false false true true true true true true true true false DC MD VA X CHARLES E REDMOND II 2022634790 1201 15TH STREET NW STE 510 WASHINGTON DC 20005 CAROL THOMPSON COLE PRESIDENT, CEO AND DIRECTOR 40.0 0.0 X X 315590 0 33632 CHARLES REDMOND VP, FINANCE & OPS & DIR. 40.0 0.0 X X 147622 0 10180 DAVID BRADT DIRECTOR 1.0 0.0 X 0 0 0 CURTIS BUSER DIRECTOR 1.0 0.0 X 0 0 0 RICHARD S CARTER DIRECTOR 1.0 0.0 X 0 0 0 EMMA DOCKERY DIRECTOR 1.0 0.0 X 0 0 0 JACK DAVIES TREASURER AND DIRECTOR 1.0 0.0 X X 0 0 0 WILLIAM DUNBAR DIRECTOR 1.0 0.0 X 0 0 0 CHARLENE DUKES DIRECTOR 1.0 0.0 X 0 0 0 MICHELE HAGANS DIRECTOR 1.0 0.0 X 0 0 0 FRANK LAPRADE CHAIRMAN 1.0 0.0 X X 0 0 0 TONY MARQUEZ DIRECTOR 1.0 0.0 X 0 0 0 B DOYLE MITCHELL JR DIRECTOR 1.0 0.0 X 0 0 0 JAMES MITCHELL JR DIRECTOR 1.0 0.0 X 0 0 0 MARIO MORINO FOUNDING CHAIRMAN 1.0 0.0 X 0 0 0 BRIG OWENS DIRECTOR 1.0 0.0 X 0 0 0 LAUREN PETERSON DIRECTOR 1.0 0.0 X 0 0 0 KAREN SCHAUFELD DIRECTOR 1.0 0.0 X 0 0 0 BRADFORD SEAMON DIRECTOR 1.0 0.0 X 0 0 0 LES SILVERMAN DIRECTOR 1.0 0.0 X 0 0 0 GABRIELA SMITH DIRECTOR 1.0 0.0 X 0 0 0 EUGENE STEUERLE DIRECTOR 1.0 0.0 X 0 0 0 DAVID SYLVESTER DIRECTOR 1.0 0.0 X 0 0 0 CLIFF WHITE VICE CHAIRMAN 1.0 0.0 X X 0 0 0 MICHELLE GILLIARD PARTNER 40.0 0.0 X 233314 0 6132 AMY SELCO VICE PRESIDENT, INVESTOR DEVEL 40.0 0.0 X 113944 0 14492 ISAAC D CASTILLO DIRECTOR 40.0 0.0 X 164559 0 22875 GRACE KATABARUKI DIRECTOR 40.0 0.0 X 110173 0 15519 1085202 0 102830 6 false true false CHILD TRENDS 7315 WISCONSIN AVE SUITE 1200 WES BETHESDA MD 20814 EVAL CONSULTING 209929 1 281657 1577464 246649 1859121 0 56748 56748 0 0 0 0 0 4213 4213 4213 4213 0 0 0 0 0 0 0 0 0 0 1920082 60961 1707343 1707343 0 0 0 507026 230792 217310 58924 0 1238890 877031 269105 92754 21786 13467 6614 1705 374889 232837 112974 29078 121325 73333 38111 9881 0 0 32679 32679 0 0 0 325595 237597 12063 75935 11016 3692 7290 34 19121 4963 14120 38 53619 53619 0 207711 207711 37790 23695 9871 4224 0 39402 39385 17 0 0 25688 25688 9361 9361 INDIRECT ALLOCATION EXPENSES 0 688778 -781587 92809 RESOURCE DEVELOPMENT 13722 9517 4205 EVENTS/CONVENINGS 19445 18943 502 0 MEMBERSHIP DUES 7250 7250 0 1995 1995 4775653 4168623 237426 369604 0 0 3528487 2955334 4315244 2177243 246688 71817 0 0 0 0 0 0 0 0 595 940 198175 159128 48258 39047 3026715 3067033 0 0 0 0 0 0 0 0 11165987 8311414 115430 158990 0 0 0 0 0 0 0 0 0 0 0 0 0 0 93706 60336 209136 219326 X 6970234 5537350 3986617 2554738 0 0 10956851 8092088 11165987 8311414 -2855571 -9192 X false true X true false X 4876543 7087701 5073159 4721298 1859121 23617822 0 0 4876543 7087701 5073159 4721298 1859121 23617822 6027712 17590110 29833 42869 12547 36097 56748 178094 0 0 23795916 0.73921 0.78287 X 128476 107070 21406 18463 10702 7761 51236 41356 9880 39047 0 DEFERRED RENT 60336 60336 X 1910890 -9192 -9192 1920082 1920082 4775653 4775653 4775653 FORM 990, SCHEDULE D, PART X, LINE 2: VPP IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE (IRC) AND DISTRICT OF COLUMBIA FRANCHISE TAX UNDER APPLICABLE TAX REGULATIONS. VPP IS NOT A PRIVATE ORGANIZATION PURSUANT TO SECTION 509(A)(1) OF THE IRC. IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (THE FASB), VPP RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. TO THE EXTENT THAT THE FINAL TAX OUTCOME OF ANY SUCH MATTERS IS DIFFERENT THAN ANY AMOUNTS RECORDED, SUCH DIFFERENCES WOULD IMPACT INCOME TAX EXPENSE IN THE PERIOD IN WHICH SUCH DETERMINATION IS MADE. INTEREST AND PENALTIES, IF ANY, RELATED TO ACCRUED LIABILITIES FOR POTENTIAL TAX ASSESSMENTS ARE INCLUDED IN INCOME TAX EXPENSE. WITH FEW EXCEPTIONS, VPP IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHROITIES FOR YEARS ENDED MARCH 31, 2014 AND PRIOR. MANAGEMENT HAS EVALUATED VPP'S TAX POSITIONS AND HAS CONCLUDED THAT VPP HAS TAKEN NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. true Teach for America 1805 7TH ST NW Washington DC 20001 133541913 501(C)(3) 174279 Fund Initiatives Education Forward DC 1805 7th Street NW Washington DC 20001 811823628 501(C)(3) 400000 Fund Initiatives Latin American Youth Center 1419 COLUMBIA RD Washington DC 20009 521023074 501(C)(3) 326699 Fund Initiatives Year Up 1901 S BELL ST Washington DC 20009 043534407 501(C)(3) 47401 Fund Initiatives Whitman-Walker Health 1701 14TH STREET Washington DC 20009 521122122 501(C)(3) 11719 Fund Initiatives KIPP DC 2600 VIRGINIA AVE NW Washington DC 20037 742974642 501(C)(3) 28454 Fund Initiatives Urban Alliance 2030 Q STREET NW Washington DC 20036 521938443 501(C)(3) 171478 Fund Initiatives College Summit 1763 Columbia Road NW Washington DC 20009 522007028 501(C)(3) 32075 Fund Initiatives Prince George's County Public Schools 14201 School lane Upper Marlboro MD 20772 522100876 501(C)(3) 219000 Fund Initiatives Higher Achievement 1750 Columbia Road NW Washington DC 20009 521383374 501(C)(3) 131043 Fund Initiatives Hillside Work Scholarship Connection 6305 IVY LANE Greenbelt MD 20770 161453581 501(C)(3) 34797 Fund Initiatives Fair Chance 2001 S Street NW Washington DC 20009 743091832 501(C)(3) 130398 Fund Initiatives 12 Monitoring the use of grants - FORM 990, SCHEDULE I, PART I, LINE 2: VPP monitors the use of grant funds on a quarterly basis for traditional VPP CAPACITY INVESTMENTS AND MONTHLY FOR THE YOUTHCONNECT INVESTMENT (WHICH REQUIRES MONITORING ON A MONTHLY BASIS RELATED TO OUR FEDERAL AWARD). THIS PRACTICE ENSURES That funds Are used to advance the mutually agreed upon milestones that are a part of the investment agreement with the portfolio organization. X X X X X X false false false false false false false false false CAROL THOMPSON COLE PRESIDENT, CEO AND DIRECTOR 315590 0 0 0 0 0 1000 0 32632 0 349222 0 0 0 CHARLES REDMOND VP, FINANCE & OPS & DIR. 147622 0 0 0 0 0 1000 0 9180 0 157802 0 0 0 MICHELLE GILLIARD PARTNER 233314 0 0 0 0 0 1000 0 5132 0 239446 0 0 0 ISAAC D CASTILLO DIRECTOR 164559 0 0 0 0 0 1000 0 21875 0 187434 0 0 0 X 46569 246649 FMV false false false FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION: ORGANIZATION'S MISSION: VENTURE PHILANTHROPY PARTERS, INC. (VPP), A NONPROFIT PHILANTHROPIC INVESTMENT ORGANIZATION, INVESTS IN HIGH-PERFORMING NONPROFIT ORGANIZATIONS THAT ARE SERVING THE CORE HEALTHY DEVELOPMENTAL, LEARNING, AND EDUCATIONAL NEEDS OF CHILDREN FROM LOW-INCOME FAMILIES IN THE GREATER WASHINGTON REGION. VPP PROVIDES SIGNIFICANT, GROWTH CAPITAL INVESTMENTS AND AUGMENTS THOSE FUNDS WITH STRATEGIC, NON-FINANCIAL RESOURCES TO HELP LEADERS GROW THEIR ORGANIZATIONS IN SIZE, STRENGTH, AND COMMUNITY IMPACT. AND BY DEMONSTRATING THE VALUE OF THIS APPROACH, VPP SEEKS TO INSPIRE PHILANTHROPISTS, CORPORATE AND NONPROFIT LEADERS, AND PUBLIC POLICYMAKERS TO HELP INCREASE THE EFFECTIVENESS AND THE FLOW OF CAPITAL, TALENT, AND OTHER RESOURCES TO NONPROFIT ORGANIZATIONS SHOWING THE GREATEST POTENTIAL FOR IMPROVING THE LIVES OF CHILDREN. ORGANIZATION AND HISTORY: VPP WAS INCORPORATED ON MAY 23, 2000, IN THE STATE OF DELAWARE. VPP, A NONPROFIT PHILANTHROPIC INVESTMENT ORGANIZATION, WAS LAUNCHED IN JUNE 2000 BY MARIO MORINO, THE FOUNDER OF THE MORINO INSTITUTE AND CO-FOUNDER OF LEGENT CORPORATION; SENATOR MARK WARNER; AND RAUL FERNANDEZ, FOUNDER OF PROXICOM. TOGETHER THEY BROUGHT TOGETHER OTHER TECHNOLOGY AND BUSINESS LEADERS TO INVEST APPROXIMATELY $31 MILLION IN VPP'S FIRST FUND, TO PROODUCE SOCIAL, RATHER THAN FINANCIAL, RETURNS. VPP'S FIRST FUND WAS COMMITTED TO A DOZEN ORGANIZATIONS SERVING YOUTH AND FAMILIES IN THE COMMUNITY, WITH FUNDS FULLY DEPLOYED BY THE END OF 2009. VPP RAISED APPROXIMATELY $50 MILLION FOR ITS SECOND FUND FROM NDIVIDUALS, FOUNDATIONS, CORPORATIONS AND THE FEDERAL GOVERNMENT TO INVEST ADDITIONAL CAPITAL IN NONPROFITS AND TO FINANCE VPP'S OWN PROGRAMMATIC AND NON-PROGRAMMATIC OPERATIONS. VPP MADE MULTI-YEAR COMMITMENTS OF CAPITAL TO EIGHT NONPROFIT ORGANIZATIONS IN ITS SECOND PORTFOLIO WITH FUNDS FULLY DEPOLYED AS OF AUGUST 31, 2017. IN JULY OF 2010, THE SOCIAL INNOVATION FUND (SIF), ADMINISTERED BY THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE, AWARDED VPP A $10 MILLION COMMITMENT OVER FIVE YEARS. VPP WAS ONE OF ELEVEN ORGANIZATIONS NATIONALLY AWARDED SIF GRANTS AS PART OF ITS INAUGURAL PORTFOLIO. VPP'S "YOUTHCONNECT" INVESTMENT IS A PIONEERING COLLABORATION OF GOVERNMENT, PRIVATE PHILANTHROPY, NONPROFIT ORGANIZATIONS, AND EVALUATORS TO DRAMATICALLY IMPROVE OPPORTUNITIES FOR LOW-INCOME YOUTH, AGES 14-24, IN THE GREATER WASHINGTON REGION. VPP IS ACTIVELY RAISING FUNDS FOR ITS THIRD PORTFOLIO, THE CAPITAL KIDS PORTFOLIO. TO DATE VPP HAS SECURED COMMITMENTS OF OVER $28 MILLION. OVER THE PAST 19 YEARS, VPP HAS RAISED OVER $110 MILLION AND SUPPORTED MORE THAN 18 NONPROFIT PARTNERS TO CHANGE THE LIVES OF TENS OF THOUSANDS OF LOW-INCOME CHILDREN AND YOUTH BY PROVIDING THEM ACCESS TO QUALITY EDUCATION, HEALTH CARE, AND CAREER TRAINING. BY INVESTING IN SOME OF THE REGION'S HIGHEST-PERFORMING NONPROFITS VPP HAS ENABLED OUR NONPROFIT PARTNERS TO SERVE 80 NEW SITES, AND SERVE MORE THAN 50,000 YOUNG PEOPLE ANNUALLY. FORM 990, PART III, LINE 4A - PROGRAM SERVICES ACCOMPLISHMENTS: GRANT PROGRAM EXPENSES - VPP provides philanthropic investments to organizations (investment partners) for the purpose of helping high-quality nonprofit organizations impact the lives of more children and youth. VPP disburses funds to investment partners to provide financial support to help leaders build and strengthen VPP behind their programs, often referred to as "organizational capacity." VPP supports this type of capacity with large-scale, multi-year funding. VPP's youthCONNECT investment supports specific programmatic elements of nonprofit organizations to provide education, social services and job training to low-income youth ages 14-24. youthCONNECT also supports the collaboration of this portfolio of organizations to demonstrate greater impact in the National Capital Region through collective action. LEARN MORE AT: http://www.vppartners.org/portfolio/youthconnect. FORM 990, PART III, LINE 4B - PROGRAM SERVICE ACCOMPLISHMENTS: INVESTMENT PRACTICE - An important element and distinction of the work of VPP is its approach to identifying, selecting and engaging its investment partners. The VPP team, consisting of people with experience in management development and building organizations, is responsible for sourcing candidates, evaluating prospective organizations for investment, and supporting them for the duration of the investment partnership. The VPP team works directly with its investment partners to serve as a combination of strategic advisor, executive coach, change agent, funder, board member and consultant with the goal of helping great leaders build stronger, more effective organizations. FORM 990, PART III, LINE 4C - PROGRAM SERVICE ACCOMPLISHMENTS: STRATEGIC COMMUNICATIONS, INVESTOR RELATIONS AND FIELD-BUILDING: A KEY ELEMENT TO THE STRATEGY OF EXTENDING THE IMPACT OF THE WORK OF VPP IS TO CAPTURE, CODIFY, AND SHARE THE LESSONS AND EXPERIENCES OF VPP'S PHILANTHROPIC WORK WITH AN EXTENDED COMMUNITY OF PHILANTHROPISTS AND PRACTITIONERS. VPP DEVOTES SPECIFIC RESOURCES TO FORMALIZING AND SHARING ITS INVESTMENT PRACTICE, APPROACH, AND PROCESSES. VPP COALESCES THE INDIVIDUALS, FAMILIES, FOUNDATIONS, AND CORPORATE SUPPORTERS INTO A COMMUNITY OF DONORS, COMMITTED TO MAKING THEIR PHILANTHROPY AND CIVIC ENGAGEMENT MORE EFFECTIVE. VPP CREATES VENUES FOR ENGAGEMENT AND EXCHANGE - TO BUILD A COMMUNITY OF INVESTORS COMMITTED TO ADVANCE THEIR OWN PHILANTHROPY AND SHARED INTERESTS. VPP PUBLISHES REPORTS AND PROVIDES RESEARCH FOR THE BENEFIT OF THOSE WHO ARE INVOLVED IN THE NONPROFIT SECTOR AS SERVICE PROVIDERS AND PHILANTHROPISTS. THESE REPORTS SURVEY THE FIELDS OF VENTURE PHILANTHROPY AND HIGH-ENGAGEMENT GRANT-MAKING, ADDRESS CRITICAL ISSUES FACING THE NONPROFIT SECTOR, AND OFFER NEW RESEARCH AND RESOURCES TO ADVANCE MANAGEMENT PRACTICES IN THE SECTOR. RECENT RELEASES: IN NOVEMBER 2015, VPP LAUNCHED READY FOR WORK: CHAMPIONS FOR CAREER AND COLLEGE READY GRADUATES IN PRINCE GEORGE'S COUNTY - VPP'S FIRST INVESTMENT OF THE CAPITAL KIDS PORTFOLIO. http://www.vppartners.org/news/announcements/vpp-launches-new-initiative-r eady-work-champions-career-and-college-ready-graduat. IN THE SPRING OF 2016, VPP RELEASED TWO REPORTS ON YOUTHCONNECT, VPP'S COLLECTIVE IMPACT INVESTMENT. Http://www.vppartners.org/portfolio/youthconnect/learning. THESE REPORTS HIGHLIGHT THE ACCOMPLISHMENTS, IMPACT AND LESSONS LEARNED OF YOUTHCONNECT AND EVALUATES THE RESULTS AND IMPACT OF THE INITIATIVE ON THE NETWORK PARTNER ORGANZIATIONS AND THE YOUTH EACH SERVES. IN JANUARY 2015, VPP RELEASED A CASE STUDY OF THE SECOND INVESTMENT OF THE SECOND PORTFOLIO, KIPP DC. THE REPORT HIGHLIGHTS THE KEY ACCOMPLISHMENTS, PARTNERSHIP ENGAGEMENT, RESULTS, LESSONS LEARNED AND FOCUS AREAS OF THE VPP INVESTMENT HTTP://WWW.VPPARTNERS.ORG/PORTFOLIO/PORTFOLIO-II/KIPP-DC IN SEPTEMBER 2014, VPP RELEASED A CASE STUDY OF THE FIRST INVESTMENT OF THE SECOND PORTFOLIO, YEAR UP. THE REPORT HIGHLIGHTS THE KEY ACCOMPLISHMENTS, PARTNERSHIP ENGAGEMENT, RESULTS, LESSONS LEARNED AND FOCUS AREAS OF THE VPP INVESTMENT, HTTP://WWW.VPPARTNERS.ORG/PORTFOLIO/PORTFOLIO-II-YEAR-UP-NATIONAL-CAPITAL- REGION. IN MAY 2014, THE YOUTHCONNECT NETWORK RELEASED ITS SECOND IN A SERIES OF CASE STUDIES, YOUTHCONNECT: A (NET)WORK IN PROGRESS - THE FIRST TWO YEARS. THIS CASE STUDY DELVES INTO THE FIRST STAGES OF THAT WORK-THE EXPERIENCE OF FUNDING, LAUNCHING AND SUPPORTING YOUTHCONNECT, WHILE CHRONICLING BEST PRACTICES AND LESSONS LEARNED THAT MIGHT HELP OTHERS SEEKING TO PURSUE SIMILAR INITIATIVES. HTTP://WWW.VPPARTNERS.ORG/RESULTS/REPORTS/YOUTHCONNECT-NETWORK-PROG RESS-FIRST-TWO-YEARS. IN JANUARY 2013, THE YOUTHCONNECT NETWORK RELEASED ITS FIRST IN A SERIES OF CASE STUDIES, YOUTHCONNECT: A (NET)WORK IN PROGRESS. THE CASE STUDY DESCRIBES THE COLLABORATIVE PROCESS AND RESULTING COMMON OUTCOMES FRAMEWORK DEVELOPED BY THE NETWORK. LEARN MORE AT: HTTP://WWW.VPPARTNERS.ORG/PORTFOLIO/YOUTHCONNECT/LEARNING. IN SEPTEMBER 2012, VPP RELEASED THE FIRST COMPREHENSIVE REPORT OF THE CHALLENGES FACING CHILDREN AND YOUTH THROUGHOUT THE NATIONAL CAPITAL REGION. LEARN MORE AT: HTTP://CAPITALKIDSREPORT.ORG/. IN 2011, VPP FOUNDING CHAIRMAN AUTHORED LEAP OF REASON: MANAGING TO OUTCOMES IN AN ERA OF SCARCITY, PUBLISHED BY VPP. LEARN MORE AT: HTTP://WWW.VPPARTNERS.ORG/LEAPOFREASON/OVERVIEW. FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS: VENTURE PHILANTHROPY PARTNERS' (VPP'S) MANAGEMENT GATHERS THE INFORMATION NECESSARY TO COMPLETE FORM 990 AND PROVIDES THAT DATA TO ITS AUDITORS AND TAX ADVISORS TO PREPARE FORM 990. WHEN PREPARATION IS COMPLETE, VPP'S MANAGEMENT AND AUDIT COMMITTEE OF THE BOARD REVIEW THE DRAFT FORM AND PROVIDE FEEDBACK. THE FINAL FORM 990 IS PROVIDED TO THE ENTIRE BOARD BY EMAIL PRIOR TO FILING IT WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, LINE 12C - CONFLICTS OF INTEREST POLICY: AT THE ANNUAL MEETING EACH YEAR, THE OFFICERS, DIRECTORS AND STAFF ARE PRESENTED WITH THE CONFLICTS OF INTEREST POLICY AND ARE REQUIRED TO DISCLOSE ANY RELEVANT AFFILIATIONS AND POTENTIAL CONFLICTS. IN ADDITION, IF A POTENTIAL CONFLICT EXISTS FOR A VOTING BOARD MEMBER RELATED TO A PARTICULAR INVESTMENT PORTFOLIO ORGANIZATION, THE BOARD MEMBER RECUSES THEMSELVES FROM ANY VOTE/DECISION THAT MAY BE PERCEIVED AS A CONFLICT. FORM 990, PART VI, LINE 15B - DETERMINATION OF COMPENSATION: On a periodic basis, VPP's compensation structure for the senior team is assessed relative to the market, peer organizations other variables unique to VPP to ensure that the compensation is competitive to draw the talent required to achieve VPP's goals and is in alignment with VPP's overall cost structure. The senior management team had their base salaries established by an independent review in April 2007 conducted by HiRe Expectations. The study was based upon a combination of Economic Research Institute and peer group data. In an effort to conduct a current assessment of market data, VPP has requested the assistance of Keating Advisors, LLC to provide updated benchmark information for three senior positions: President & CEO, Partner, and COO/CFO. FORM 990, PART VI, LINE 19 - AVAILABILITY OF OTHER DOCUMENTS: VPP DOES NOT REGULARLY PUBLISH ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS, BUT THE ORGANIZATION MAKES SUCH DOCUMENTS AVAILABLE IF A REQUEST IS MADE BY A MEMBER OF THE PUBLIC.