Vt-Hec Inc
- Assets
- $1.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 53
- Location
- Montpelier, VT
- Founding
- 04/2011
- Data as of
- 06/2022
- EIN
- 27-3343277
Organization Overview
Vt-Hec Inc is located in Montpelier, VT. The organization was established in 2011. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2022, Vt-Hec Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vt-Hec Inc 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, Vt-Hec Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 5.1% per year over the past 7 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
VT-HEC, INC. IS A COLLABORATIVE OFFERING PROFESSIONAL DEVELOPMENT OPPORTUNITIES, SUCH AS SEQUENCES OF GRADUATE COURSES, WORKSHOPS, CONFERENCES AND INDIVIDUALLY PLANNED SCHOOL SUPPORT TO EDUCATORS AND OTHERS TO ADDRESS CRITICAL PERSONNEL NEEDS AND STAFF SHORTAGES IN SCHOOLS. WE CONTINUE TO ACHIEVE OUR GOALS BY FOCUSING ON AREAS OF UNMET NEED IN EDUCATION AND HUMAN SERVICES IN ORDER TO INCREASE THE AVAILABILITY OF QUALIFIED AND WELL-TRAINED STAFF THAT CAN HELP ENSURE THE EDUCATIONAL NEEDS OF ALL STUDENTS ARE MET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Kane Executive Dir. | Officer | 30 | $105,029 |
Andrea Wasson Chairman | Officer | 0.35 | $0 |
Nancy Thomas Vp/treas/sec | Officer | 0.35 | $0 |
Nancy Sugarman Director | Trustee | 0.35 | $0 |
Laurie Gossens Director | Trustee | 0.35 | $0 |
Casey Murrow Director | Trustee | 0.35 | $0 |
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 | $103,462 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,462 |
| Total Program Service Revenue | $1,444,275 |
| Investment income | $7,231 |
| 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 | $1,554,968 |
| 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. | $99,587 |
| Compensation of current officers, directors, key employees. | $49,794 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $651,353 |
| Pension plan accruals and contributions | $15,825 |
| Other employee benefits | $45,219 |
| Payroll taxes | $58,422 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,372 |
| Office expenses | $14,151 |
| Information technology | $21,291 |
| Royalties | $0 |
| Occupancy | $12,591 |
| Travel | $447 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,251 |
| All other expenses | $7,663 |
| Total functional expenses | $1,395,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $494,930 |
| Savings and temporary cash investments | $784,023 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $217,056 |
| 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 | $5,100 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $1,501,110 |
| Accounts payable and accrued expenses | $51,998 |
| Grants payable | $0 |
| Deferred revenue | $171,229 |
| 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 | $60,778 |
| Total liabilities | $284,005 |
| Net assets without donor restrictions | $1,217,105 |
| 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 | $1,501,110 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vt-Hec Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Lets Grow Kids Inc Middlebury, VT PURPOSE: PROGRAM DEVELOPMENT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benjamin Franklin Institute Of Technology Boston, MA | $15,070,208 | $17,077,730 |
Montserrat College Of Art Inc Beverly, MA | $16,506,023 | $17,973,351 |
Merrick Academy Queens Public Charter School Springfield Gardens, NY | $3,505,135 | $11,792,569 |
Omega Institute For Holistic Studies Inc Rhinebeck, NY | $27,528,865 | $10,367,756 |
Urban College Of Boston A Two Year College Inc Boston, MA | $2,648,182 | $7,626,014 |
University At Buffalo Otolaryngology Inc Buffalo, NY | $799,618 | $5,038,737 |
National Academy Of Design New York, NY | $76,726,771 | $4,754,677 |
Andover Newton Theological School Wayland, MA | $4,688,013 | $16,291 |
Yeshivat Maharat Inc Riverdale, NY | $6,390,529 | $2,913,175 |
Yeshivat Chovevei Torah Rabbinical School Ltd Riverdale, NY | $5,358,153 | $4,182,553 |
Beyond Conflict Inc Boston, MA | $3,388,180 | $2,249,772 |
Commission On Independent Colleges & Universities Albany, NY | $8,699,899 | $2,269,606 |