Governors Institutes Of Vermont
- Assets
- $1.7m
- Revenue
- $920.8k
- Investments
- $0.0
- Employees
- 85
- Location
- Winooski, VT
- Founding
- 01/1988
- Data as of
- 12/2021
- EIN
- 03-0308967
Organization Overview
Governors Institutes Of Vermont is located in Winooski, VT. The organization was established in 1988. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Governors Institutes Of Vermont employed 85 individuals. This organization is the central organization for a national or regional group of organizations. Governors Institutes Of Vermont 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 12/2021, Governors Institutes Of Vermont generated $920.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $816.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GIV EMPOWERS YOUNG PEOPLE WITH INTENSIVE, HANDS-ON LEARNING EXPERIENCES IN COLLEGE SETTINGS WHICH INSPIRE THEIR ACADEMIC AND CREATIVE PASSIONS, BUILD CONFIDENCE AND LEADERSHIP, AND EXPAND THEIR SENSE OF POSSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIV PROGRAMS INCLUDE: RESIDENTIAL EDUCATIONAL ACCELERATION PROGRAMS, PRIMARILY IN SUMMER, WHERE VERMONT HIGH SCHOOL STUDENTS RECEIVE INTENSIVE IN-DEPTH STUDY OPPORTUNITIES WITH PROFESSIONAL AND EXPERT MENTORS. SUMMER INTENSIVES INCLUDE ARTS (VISUAL AND PERFORMING), ASTRONOMY, ENGINEERING, ENVIRONMENTAL SCIENCE, GLOBAL ISSUES & YOUTH ACTION, HEALTH & MEDICINE, MATHEMATICAL SCIENCES, AND TECHNOLOGY & DESIGN. WINTER AND FALL INTENSIVES PROVIDE ADDITIONAL TOPICS IN SCIENCE, ARTS, AND LEADERSHIP. GIV AIMS TO ENSURE THAT ALL MOTIVATED VERMONT STUDENTS HAVE EQUITABLE ACCESS TO IN-DEPTH EDUCATIONAL RESOURCES REGARDLESS OF INCOME, GEOGRAPHY, OR DEMOGRAPHIC FACTORS, AND SPECIFICALLY RECRUITS LARGE NUMBERS OF UNDER- REPRESENTED STUDENTS. TARGET OUTCOMES FOR PARTICIPANTS INCLUDE INCREASED SUBJECT MATTER KNOWLEDGE, GREATER ACADEMIC MOTIVATION AND FOCUS, STRONGER SELF-CONFIDENCE AND SELF-ESTEEM, ENCOURAGEMENT OF PROSOCIAL BEHAVIORS, AND HIGHER POST- SECONDARY EDUCATION AND CAREER ASPIRATIONS. MORE INFORMATION AT WWW.GIV.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Frascoia Executive Di | Officer | 40 | $100,300 |
Brian Mckenna Vice Chair | OfficerTrustee | 1 | $0 |
John Hango Treasurer | OfficerTrustee | 1 | $0 |
Erin Wetherell Secretary | OfficerTrustee | 1 | $0 |
Jane Campbell Chair | OfficerTrustee | 1 | $0 |
Sophia Rabe Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $317,553 |
| All other contributions, gifts, grants, and similar amounts not included above | $306,023 |
| Noncash contributions included in lines 1a–1f | $1,606 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $623,576 |
| Total Program Service Revenue | $239,996 |
| Investment income | $20,063 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,214 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $920,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $115,922 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,779 |
| Compensation of current officers, directors, key employees. | $21,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,317 |
| Pension plan accruals and contributions | $3,805 |
| Other employee benefits | $374 |
| Payroll taxes | $35,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,437 |
| Fees for services: Other | $20,476 |
| Advertising and promotion | $16,074 |
| Office expenses | $15,593 |
| Information technology | $25,076 |
| Royalties | $0 |
| Occupancy | $18,231 |
| Travel | $779 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,409 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,705 |
| Insurance | $2,801 |
| All other expenses | $0 |
| Total functional expenses | $816,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,451 |
| Savings and temporary cash investments | $223,446 |
| Pledges and grants receivable | $44,284 |
| Accounts receivable, net | $22,792 |
| 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 | $11,443 |
| Net Land, buildings, and equipment | $3,931 |
| Investments—publicly traded securities | $1,134,938 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,714,285 |
| Accounts payable and accrued expenses | $18,160 |
| Grants payable | $0 |
| Deferred revenue | $12,000 |
| 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 | $0 |
| Total liabilities | $30,160 |
| Net assets without donor restrictions | $1,254,486 |
| Net assets with donor restrictions | $429,639 |
| 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 | $1,714,285 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Governors Institutes Of Vermont has recieved totaling $98,138.
| Awarding Organization | Amount |
|---|---|
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $23,000 |
Vermont Humanities Council Montpelier, VT PURPOSE: GENERAL PURPOSE | $15,000 |
Thomas Thompson Trust Boston, MA PURPOSE: SCHOLARSHIP SUPPORT FOR WINDHAM COUNTY GIV STUDENTS | $10,000 |
George W Mergens Foundation Milton, VT PURPOSE: GENERAL OPERATINGSUPPORT | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Bay And Paul Foundations Inc Wilmington, DE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $334,639 |
| Earnings | $45,265 |
| Other Expense | $9,730 |
| Ending Balance | $370,174 |
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Lsny Bronx Corporation New York, NY | $9,256,880 | $24,578,698 |
Boston Plastic & Oral Surgery Foundation Inc Boston, MA | $28,248,674 | $23,739,730 |
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