Gallery at the Vault Incorporated

Nonprofit profile at a glance

EIN
030370671
IRS 990-EZ coverage
2015–2025
Forms available
Form 990-EZ 2025, Form 990-N 2018
Location
Springfield, VT, USA
Rating confidence
Limited
Sector
Museum, Museum Activities

Reported finances

Revenue
$39,862
Expenses
$48,895
Assets
$24,072
Liabilities
$772

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Joanna Bombadil (President)

People named in this filing

  • Joanna Bombadil (President)
  • Cynthia Porter (Treasurer)
  • Melissa Post (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

In our mission to encourage an appreciation of the visual arts while furthering the revitalization of downtown Springfield. We are a Vermont State Craft Center and art gallery.We are a marketplace for approximately 125 Vermont and adjacent states artists.

What it reported doing in 2025

As a Gallery we offer continually changing shows featuring local artists work. We host receptions for the artist shows so that the artist may be featured and friends family and the community may attend. We participate in town-wide events such as The Arrival of Santa the Festival of lights the Holiday Market and first and fourth Fridays. We offer fundraising events such as the Artful flea and the Chocolate tasting . This year we have hosted 8 artist shows 1 student art show with the work from three Springfield schools and 4 Open Wall non-juried shows. We have had 92 participants in the Open Wall. And in being a marketplace for artists we have had roughly 2488 visits to the VAULT this year.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 27
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -22.7%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 0.49; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 7.8% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 1.4% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: -2.7% per year; rating input score 0; 29th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2015 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 20/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.