VERMONT RETAIL ASSOCIATION INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: VERMONT RETAIL ASSOCIATION INC (EIN 03-0235261)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2011-11-08
IRS object ID: 201123129349300537
Schema version: 2010v3.4
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-11-08T12:50:13-06:00	Timestamp
Tax Period End Date	2011-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ASSOCIATES IN ACCOUNTING PLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	6 PINECREST DR	AddressLine1
City	ESSEX JUNCTION	City
State	VT	State
ZIP Code	054522914	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	030235261	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	VERMONT RETAIL ASSOCIATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	VERM	NameControl
Phone	8028391931	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	148 STATE STREET	AddressLine1
City	MONTPELIER	City
State	VT	State
ZIP Code	05601	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	TASHA WALLIS	Name
Title	PRESIDENT	Title
Phone	8028391931	Phone
Date Signed	2011-11-03	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Date Prepared	2011-11-08	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	X	AddressChange
Gross Receipts	154710	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	VTRETAILERS.COM	WebSite
Type Of Organization Association	X	TypeOfOrganizationAssociation
Year Formation	1968	YearFormation
State Legal Domicile	VT	StateLegalDomicile
Activity Or Mission Description	TO PROMOTE INTERESTS OF VERMONT RETAILERS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	16	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	16	NbrIndependentVotingMembers
Total Nbr Employees	2	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	124286	ProgramServiceRevenuePriorYear
Program Service Revenue CY	118518	ProgramServiceRevenueCY
Investment Income Prior Year	2010	InvestmentIncomePriorYear
Investment Income Current Year	6332	InvestmentIncomeCurrentYear
Other Revenue Prior Year	37681	OtherRevenuePriorYear
Other Revenue Current Year	29860	OtherRevenueCurrentYear
Total Revenue Prior Year	163977	TotalRevenuePriorYear
Total Revenue Current Year	154710	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	145454	SalariesEtcPriorYear
Salaries Etc Current Year	146815	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	72461	OtherExpensePriorYear
Other Expenses Current Year	72787	OtherExpensesCurrentYear
Total Expenses Prior Year	217915	TotalExpensesPriorYear
Total Expenses Current Year	219602	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-53938	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-64892	RevenuesLessExpensesCY
Total Assets BOY	366067	TotalAssetsBOY
Total Assets EOY	326820	TotalAssetsEOY
Total Liabilities BOY	47406	TotalLiabilitiesBOY
Total Liabilities EOY	58766	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	318661	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	268054	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	TO PROMOTE INTERESTS OF VERMONT RETAILERS.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	194564	Expense
Description	NEWSLETTERS, MEETINGS, MEMBER ASSISTANCE, WORK WITH GOVERNMENT. 312 MEMBERS	Description

Activity Other ActivityOther

Field	Value	IRS element (for citing)
Expense	24818	Expense
Description	NEWSLETTERS, MEETINGS, MEMBER ASSISTANCE, WORK WITH GOVERNMENT.	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	24818	TotalOfOtherProgramServiceExp
Total Program Service Expense	219382	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	2	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	16	NbrVotingGoverningBodyMembers
Number Independent Voting Members	16	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	VERMONT RETAIL ASSOCIATION	NamePerson
Telephone Number	8028391931	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	148 STATE STREET	AddressLine1
City	MONTPELIER	City
State	VT	State
ZIP Code	05601	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA

Field	Value	IRS element (for citing)
Name Person	R TASHA WALLIS	NamePerson
Title	EX. DIRECTOR	Title
Average Hours Per Week	40.00	AverageHoursPerWeek
Individual Trustee Or Director	X	IndividualTrusteeOrDirector
Officer	X	Officer
Reportable Comp From Organization	82360	ReportableCompFromOrganization
Reportable Comp From Related Orgs	0	ReportableCompFromRelatedOrgs
Other Compensation	0	OtherCompensation

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	82360	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	MEMBERSHIP DUES	Description
Total Revenue Column	118518	TotalRevenueColumn
Related Or Exempt Function Income	118518	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	118518	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	6332	TotalRevenueColumn
Related Or Exempt Function Income	6231	RelatedOrExemptFunctionIncome
Exclusion	$101	ExclusionAmount

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
INSURANCE (COMMIS INCOME)	12034	12034
VHSG MARKETING FEE	11780	11780
WORKERS COMPENSATION PROGRAM	2196	2196

Miscellaneous Revenue MiscellaneousRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3850	TotalRevenueColumn
Related Or Exempt Function Income	3850	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	29860	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	154710	TotalRevenueColumn
Related Or Exempt Function Income	154609	RelatedOrExemptFunctionIncome
Exclusion	$101	ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	119489	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	3445	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	12983	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	10898	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	14090	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	11905	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	862	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	1418	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	2924	Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal
ADVERTISING/MARKETING	11493
DUES AND SUBSCRIPTIONS	4090
TELEPHONE	3801
SUPPLIES	3666
MILEAGE REIMBURSEMENT	3345

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	15193	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	219602	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	25999	BOY
EOY	4485	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	115279	BOY
EOY	113244	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	2560	BOY
EOY	6907	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	2163	BOY
EOY	3216	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	46364	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	46364	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	256	BOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	219810	BOY
EOY	197376	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
EOY	1592	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	366067	BOY
EOY	326820	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	10356	BOY
EOY	9151	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	37050	BOY
EOY	45179	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
EOY	4436	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	47406	BOY
EOY	58766	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	318661	BOY
EOY	268054	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	318661	BOY
EOY	268054	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	366067	BOY
EOY	326820	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-64892	ReconcilationRevenueExpenses
Reconcilation Other Changes	14285	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	true	AccountantCompileOrReview
FS Audited	false	FSAudited
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	46364	OtherCostOrOtherBasis
Depreciation	46364	Depreciation

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescription	AmountAmount
PAYROLL LIABILITIES	$3,852
REGIONAL MEETING FUNDS	$200
RETAILER OF THE YEAR FUND	$192
HEALTH INS. PREMIUMS W/H	$192

Field	Value	IRS element (for citing)
Total Of Amounts	4436	TotalOfAmounts

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ALL OTHER ACHIEVEMENTS DESCRIPTION	FORM 990, PAGE 2, PART III, LINE 4D	NEWSLETTERS, MEETINGS, MEMBER ASSISTANCE, WORK WITH GOVERNMENT.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	MANAGEMENT HAS OUTSIDE BOOKKEEPING AND TAX RETURN PREPARATION FIRMS. AFTER PREPARED THE EXECUTIVE DIRECTOR REVIEWS AND APPROVES THE 990 AND RELATE TAX FILINGS FOR THE ORGANIZATION.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	NO DOCUMENTS AVAILABLE TO THE PUBLIC
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 5	ADJUSTMENT FOR FUND BALANCE DUE TO 2009/2010 REALIZED GAINS 14,285