Association Of Vermont Independent Colleges
- Assets
- $110.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montpelier, VT
- Founding
- 04/1993
- Data as of
- 06/2023
- EIN
- 03-0289811
Organization Overview
Association Of Vermont Independent Colleges is located in Montpelier, VT. The organization was established in 1993. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Vermont Independent Colleges is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Association Of Vermont Independent Colleges generated $170.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $192.1k during the year ending 06/2023. While expenses have increased by 3.4% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
AVIC FURTHERS THE DEVELOPMENT AND PRESERVATION OF THE INDEPENDENT COLLEGE & UNIVERSITY IN THE STATE OF VERMONT THRU REPRESENTATION, PROMOTION & SUPPORT OF ITS MEMBERS AND THEIR ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Stitely Pres (former) | 40 | $97,753 | |
Leslie Ward Director | 1 | $0 | |
Laurie Patton Chair | 1 | $0 | |
Mark Anarumo Vice Chair | 1 | $0 | |
Laura Walker Director | 1 | $0 | |
Michelle Ollie Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $170,013 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $170,013 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $168,551 |
| Professional fees and other payments to independent contractors | $4,240 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $906 |
| Other expenses | $18,436 |
| Total expenses | $192,133 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $110,789 |
| Other assets | $0 |
| Total assets | $110,789 |
| Total liabilities | $4,299 |
| Net assets or fund balances | $106,490 |