Vermont Association Of The Education Of Young Children
- Assets
- $565.4k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Burlington, VT
- Founding
- 03/1993
- Data as of
- 06/2022
- EIN
- 03-0313379
Organization Overview
Vermont Association Of The Education Of Young Children is located in Burlington, 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. As of 06/2022, Vermont Association Of The Education Of Young Children employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Association Of The Education Of Young Children 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 06/2022, Vermont Association Of The Education Of Young Children generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 41.6% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 27.1% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE PROFESSIONAL PRACTICE OF EARLY CHILDHOOD PROFESSIONALS AND BUILD UNDERSTANDING AND SUPPORT FOR CHILDHOOD PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL DEVELOPMENT: VTAEYC OFFERS PROFESSIONAL DEVELOPMENT SUPPORTS TO ADVANCE EARLY CHILDHOOD EDUCATORS' PROFESSIONAL PRACTICE AND PROMOTE HIGH-QUALITY EARLY CHILDHOOD EDUCATION PROGRAMS. EACH YEAR, VTAEYC HOSTS VERMONT'S LARGEST ECE PROFESSIONAL DEVELOPMENT EVENT, AN ANNUAL FALL CONFERENCE, AND HELPS PLAN THE ANNUAL KINDERGARTEN CONFERENCE.
MEMBERSHIP: VTAEYC MEMBERS ARE THE HEART OF THE ORGANIZATION AND OUR MEMBERSHIP PROGRAM OFFERS BENEFITS IN COLLABORATION WITH NAEYC. IN PARTNERSHIP WITH AND IN SERVICE TO OUR MEMBERS, VTAEYC WORKS TO INFORM, EDUCATE, AND REPRESENT EARLY CHILDHOOD EDUCATORS WITH THE LEGISLATURE, STATE ADMINISTRATION, AND OTHER EARLY CHILDHOOD STAKEHOLDER GROUPS. FISCAL AGENT FOR ECE PROJECTS: IN 2022, VTAEYC PARTNERED WITH LET'S GROW KIDS TO SERVE AS THE FISCAL AGENT FOR TEN VERMONT EARLY CHILDHOOD NETWORKS, REGIONAL GROUPS OF PRIMARILY FAMILY CHILD CARE PROGRAMS.
PROFESSIONAL DEVELOPMENT AND QUALITY GRANTS AND BONUSES: VTAEYC ALSO ADMINISTERS THE VERMONT CHILD DEVELOPMENT DIVISION PROFESSIONAL DEVELOPMENT AND QUALITY GRANTS, LEVEL CERTIFICATE BONUSES, AND STEP AHEAD RECOGNITION SYSTEM (STARS) BONUSES ON BEHALF OF THE STATE.
WORKFORCE DEVELOPMENT: VTAEYC WORKS TO CREATE AND SUPPORT THE SKILLED AND DYNAMIC WORKFORCE NEEDED TO PROVIDE HIGH-QUALITY EARLY CHILDHOOD EDUCATION (ECE) TO VERMONT'S CHILDREN. OUR WORKFORCE DEVELOPMENT PROGRAMS INCLUDE TEACHER EDUCATION AND COMPENSATION HELPS (T.E.A.C.H.), APPRENTICESHIP, AND THE STUDENT LOAN REPAYMENT ASSISTANCE PROGRAM. T.E.A.C.H., IS AN EVIDENCE-BASED SCHOLARSHIP PROGRAM DESIGNED TO MAKE EDUCATION AFFORDABLE AND ACCESSIBLE FOR THOSE WORKING IN ECE. VERMONT'S T.E.A.C.H. PROGRAM CURRENTLY SUPPORTS EDUCATORS SEEKING APPRENTICESHIP, ASSOCIATE IN ARTS (AAS), AND TEACHER LICENSURE; VTAEYC ADDED A BACHELOR'S DEGREE IN FALL 2021. VTAEYC AND THE VERMONT DEPARTMENT OF LABOR (VT DOL) COLLABORATE TO OFFER THE VERMONT ECE APPRENTICESHIP PROGRAM. APPRENTICES DOCUMENT 4,000 HOURS OF SUPERVISED ON-THE-JOB TRAINING AND COMPLETE A SPECIFIC SEQUENCE OF SIX COLLEGE COURSES. IN FISCAL YEAR 2022, VTAEYC OFFERED THE FIRST FULL SCHOOL YEAR OF A PRE- APPRENTICESHIP PROGRAM TO BUILD A PIPELINE FROM HIGH SCHOOL INTO THE ECE WORKFORCE; STUDENTS ENROLLED IN CAREER AND TECHNICAL EDUCATION GET TRAINING AND PRACTICAL EXPERIENCE AS THEY WORK IN CHILD CARE PROGRAMS AND EARN HOURS TOWARDS A REGISTERED APPRENTICESHIP. IN JANUARY 2022, VTAEYC EARNED A CONTRACT FROM THE STATE OF VERMONT TO OFFER A STUDENT LOAN REPAYMENT ASSISTANCE PROGRAM FOR CERTAIN EARLY CHILDHOOD EDUCATORS. THE PROGRAM WAS DESIGNED AND DEVELOPED FROM JANUARY TO APRIL 2022; APPLICATIONS OPENED IN MAY 2022. THE FIRST PAYMENTS TO EARLY CHILDHOOD EDUCATORS WILL OCCUR DURING THE YEAR ENDING JUNE 30, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharron Harrington President | OfficerTrustee | 2 | $0 |
Johanna Vaczy Past Preside | OfficerTrustee | 2 | $0 |
Christina Goodwin President El | OfficerTrustee | 2 | $3,200 |
Shelley Henson Secretary | OfficerTrustee | 2 | $0 |
Lucia Campriello Treasurer | OfficerTrustee | 2 | $0 |
Christina Nelson Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,034 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,235,952 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,345 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,254,331 |
| Total Program Service Revenue | $361,214 |
| Investment income | $0 |
| 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 | $1,615,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $167,941 |
| Grants and other assistance to domestic individuals. | $508,486 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,000 |
| Compensation of current officers, directors, key employees. | $26,579 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,927 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,160 |
| Fees for services: Management | $165,401 |
| Fees for services: Legal | $3,283 |
| Fees for services: Accounting | $72,018 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $826 |
| Advertising and promotion | $6,709 |
| Office expenses | $2,813 |
| Information technology | $38,336 |
| Royalties | $0 |
| Occupancy | $6,050 |
| Travel | $6,716 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,374 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,982 |
| All other expenses | $0 |
| Total functional expenses | $1,504,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,438 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $293,919 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $565,357 |
| Accounts payable and accrued expenses | $143,001 |
| 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 | $64,537 |
| Total liabilities | $207,538 |
| Net assets without donor restrictions | $32,325 |
| Net assets with donor restrictions | $325,494 |
| 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 | $565,357 |
Grants Awarded
Over the last fiscal year, Vermont Association Of The Education Of Young Children has awarded $167,941 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN VERMONT UNIVERSITY PURPOSE: TUITION PAYMENTS | $63,772 |
COMMUNITY COLLEGE OF VERMONT (VERMO PURPOSE: TUITION PAYMENTS | $104,169 |