Vermont Nea Inc
- Assets
- $6.5m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 42
- Location
- Montpelier, VT
- Founding
- 08/1971
- Data as of
- 08/2019
- EIN
- 03-0276708
Organization Overview
Vermont Nea 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 08/2019, Vermont Nea Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 08/2019, Vermont Nea Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $5.4m during the year ending 08/2019. While expenses have increased by 2.1% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
VERMONT-NEA IS A NON-PROFIT ORGANIZATION FORMED TO PROMOTE THE CAUSE OF EDUCATION WITHIN THE STATE OF VERMONT THROUGH THE ADVANCEMENT OF THE IDEAS AND STANDARDS OF THE TEACHING PROFESSION, AS WELL AS THE ORGANIZATION AND REPRESENTATION OF EMPLOYEES IN THE EXERCISE OF THEIR EMPLOYMENT AND COLLECTIVE BARGAINING RIGHTS AND PRIVILEGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNISERV/LEGAL - THE UNISERV SIDE OF THIS PROGRAM CONSISTS OF ALL VT-NEA'S SERVICES TO LOCAL ASSOCIATIONS AND INDIVIDUAL MEMBERS REGARDING ORGANIZING, COLLECTIVE BARGAINING, AND CONTRACT ADMINISTRATION, INCLUDING THE PROCESSING OF GRIEVANCES. THE LEGAL SIDE OF THIS PROGRAM CONSISTS OF VT-NEA'S LEGAL REPRESENTATION, ADVICE, AND RELATED SERVICES TO LOCAL ASSOCIATIONS AND INDIVIDUAL MEMBERS IN THE CONTEXT OF UNFAIR LABOR PRACTICES, JOB SECURITY CASES, AND OTHER MATTERS RELATED TO MEMBERS' EMPLOYMENT.
COMMUNICATIONS - THIS PROGRAM CONSISTS OF VT-NEA'S SERVICES THROUGH WHICH IT COMMUNICATES WITH ITS MEMBERS AND WITH THE PUBLIC GENERALLY, ABOUT INTERNAL MATTERS AND PUBLIC POLICY.
MEMBERSHIP/PROFESSIONAL DEVELOPMENT - THIS PROGRAM COMPRISES VT-NEA'S SERVICES TO ASSIST LOCAL ASSOCIATIONS TO RECRUIT, REGISTER, AND RETAIN MEMBERS. THIS PROGRAM ALSO CONSISTS OF VT-NEA'S SERVICES REGARDING INSURANCES, BENEFITS, FINANCIAL SERVICES, AND PROFESSIONAL IMPROVEMENT FOR TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bartlett Norman Uniserv Director | 40 | $156,427 | |
Allen Darren Communications Director | 40 | $153,184 | |
Diarmaier Suzanne Uniserv Director | 40 | $146,725 | |
Leach Sean Uniserv Director | 40 | $146,705 | |
Hage Mark Member Benefits Director | 40 | $146,617 | |
Tinney Donald President | OfficerTrustee | 40 | $65,020 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,286 |
| Investment income | $88,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,894 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,969,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $344,870 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,340,278 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,186,619 |
| Payroll taxes | $183,042 |
| Fees for services: Management | $27,304 |
| Fees for services: Legal | $81,462 |
| Fees for services: Accounting | $25,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,155 |
| Fees for services: Other | $37,467 |
| Advertising and promotion | $121,155 |
| Office expenses | $149,249 |
| Information technology | $48,429 |
| Royalties | $0 |
| Occupancy | $64,061 |
| Travel | $141,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $532,633 |
| Interest | $0 |
| Payments to affiliates | $8,200 |
| Depreciation, depletion, and amortization | $61,046 |
| Insurance | $19,052 |
| All other expenses | $0 |
| Total functional expenses | $5,415,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,795,164 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $233,355 |
| 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 | $81,842 |
| Investments—publicly traded securities | $2,859,852 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,750 |
| Total assets | $6,530,375 |
| Accounts payable and accrued expenses | $1,054,345 |
| Grants payable | $0 |
| Deferred revenue | $190,890 |
| 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 | $8,081 |
| Total liabilities | $1,253,316 |
| Net assets without donor restrictions | $5,225,961 |
| Net assets with donor restrictions | $51,098 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $5,277,059 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vermont Nea Inc has recieved totaling $780,738.
| Awarding Organization | Amount |
|---|---|
National Education Association Of The United States Washington, DC PURPOSE: FINANCIAL ASSISTANCE | $780,738 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ibew-363 Labor Welfare Fund Harriman, NY | $45,191,962 | $26,851,685 |
American Federation Of Teachers New York, NY | $15,166,813 | $20,356,488 |
American Federation Of State County & Municipal Employees New York, NY | $4,931,228 | $18,696,377 |
Retail Wholesale & Department Store Union New York, NY | $44,376,527 | $15,905,379 |
International Union Of Operating Engineers Local 15 15a 15b 15c 15d Long Island City, NY | $52,734,461 | $22,920,597 |
New York State Correctional Albany, NY | $23,258,812 | $19,041,830 |
Laboers International Union Of North America New York, NY | $75,781,220 | $16,899,325 |
International Union Of Painters And Allied Trades New York, NY | $30,422,816 | $17,302,018 |
Electrical Industry Apprentice Training Program Flushing, NY | $35,817,250 | $13,780,384 |
International Brotherhood Of Teamsters New York, NY | $8,987,966 | $15,888,664 |
Laborers International Union Of North America Astoria, NY | $41,656,084 | $17,822,411 |
Council Of School Supervisors And Administrators Of The City Of Ny New York, NY | $50,021,424 | $21,199,160 |