Vermont State Employees Assoc Inc
- Assets
- $2.3m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Montpelier, VT
- Founding
- 10/1971
- Data as of
- 09/2023
- EIN
- 03-0187599
Organization Overview
Vermont State Employees Assoc Inc is located in Montpelier, VT. The organization was established in 1971. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 09/2023, Vermont State Employees Assoc Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont State Employees Assoc Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2023, Vermont State Employees Assoc Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $3.5m during the year ending 09/2023. While expenses have increased by 5.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BARGAINING UNIT/STATE EMPLOYEES
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIVE BARGAINING FOR VERMONT STATE, VT STATE COLLEGES, VERMONT JUDICIARY, DEFENDER GENERAL'S OFFICE, VERMONT STATE'S ATTORNEYS AND VT HOUSING AUTHORITY EMPLOYEES (OVER 5,000 MEMBERS SERVED)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothey Belcher General Coun | 40 | $134,750 | |
Gary Hoadley Labor Relati | 40 | $133,500 | |
Steve Howard Executive Di | Officer | 50 | $126,805 |
Gretchen Naylor Dir Of Field | 40 | $108,639 | |
Eric Davis Treasurer | OfficerTrustee | 10 | $3,039 |
Aimee Towne President | OfficerTrustee | 10 | $2,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,377,752 |
| Investment income | $43,208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,424,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,099 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,790,652 |
| Pension plan accruals and contributions | $257,298 |
| Other employee benefits | $294,215 |
| Payroll taxes | $144,987 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,295 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $123,051 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,442 |
| Fees for services: Other | $4,868 |
| Advertising and promotion | $644 |
| Office expenses | $28,012 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,760 |
| Travel | $22,961 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,233 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,459 |
| Insurance | $39,397 |
| All other expenses | $117,792 |
| Total functional expenses | $3,517,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $214,616 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47,646 |
| Net Land, buildings, and equipment | $412,502 |
| Investments—publicly traded securities | $1,669,306 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,346,213 |
| Accounts payable and accrued expenses | $484,961 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $629,667 |
| Total liabilities | $1,114,628 |
| Net assets without donor restrictions | $1,231,585 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,346,213 |