Vermont Professionals Of Color Network is located in Burlington, VT. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 09/2023, Vermont Professionals Of Color Network employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Professionals Of Color Network 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 09/2023, Vermont Professionals Of Color Network generated $673.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $303.7k during the year ending 09/2023. While expenses have increased by 22.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VT PROFESSIONALS OF COLOR NETWORK (VT POC) EXISTS TO ADVANCE NETWORKING AND CAREER DEVELOPMENT OPPORTUNITIES FOR ITS MEMBERS, TO INCREASE CIVIC ENGAGEMENT, TO GROW GENERATIONS OF BLACK, INDIGENOUS AND PEOPLE OF COLOR (BIPOC) LEADERS TO JOIN THE RANKS OF LEADERSHIP AND MANAGEMENT, AND TO ECONOMICALLY EMPOWER BIPOC ORGANIZATIONS, BUSINESSES AND ENTREPRENEURS IN THE STATE OF VERMONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES NETWORKING EVENTS TO ALL MEMBERS WHO IDENTIFY AS BIPOC TO ENGAGE AND SUPPORT ONE ANOTHER. THEY ALSO PROVIDE MENTORING AND EDUCATION SESSIONS FOR PERSONAL AND PROFESSIONAL GROWTH. AS WELL AS PROVIDING VISIBILITY AND ADVOCACY TO ENSURE BIPOC VOICES ARE HEARD AND INCLUDED IN PLANNING AND POLICY MAKING ACROSS THE STATE. THERE WAS AN INITIATIVE AND MARKETING CAMPAIGN TO ORGANIZE AND PROMOTE BIPOC COVID-19 VACCINE CLINICS WHICH HELPED INCREASE AWARENESS AND THE VACCINATION RATE. THE FINANCIAL LITERACY SERIES INCLUDED WORKSHOPS RANGING FROM PERSONAL FINANCE TO WEALTH MANAGEMENT AND ESTATE PLANNING. IN TOTAL THERE WERE 7 VIRTUAL WORKSHOPS, WHICH ATTRACTED 30 INDIVIDUALS. THE COMMUNITY NAVIGATOR PILOT PROJECT, FUNDED BY THE US SMALL BUSINESS ADMINISTRATION AND LED BY THE VERMONT SMALL BUSINESS DEVELOPMENT CENTER INCLUDED THE FOLLOWING: OUTREACH TO INCREASE AWARENESS BY THE VT POC COMMUNITY OF EXISTING PROGRAMS OFFERED BY PARTNER ORGANIZATIONS. RESOURCE NAVIGATION FOR BUSINESS OWNERS TO BETTER UNDERSTAND THE APPROPRIATE PROGRAMS FOR THEIR NEEDS. A STATEWIDE SURVEY AND FOCUS GROUPS TO COLLECT DATA ON WHAT SMALL BUSINESS OWNERS NEED. A TOTAL OF 500 SURVEY RESPONSES, AND 21 LISTENING SESSIONS WERE CONDUCTED. VT POC BEGAN A CONTRACT WITH THE STATE OF VERMONT'S AGENCY OF COMMERCE AND COMMUNITY DEVELOPMENT TO SUPPORT UNDERSERVED COMMUNITY MEMBERS AROUND AWARENESS AND NAVIGATION OF STATEWIDE RESOURCES, AND BUSINESS AND PROFESSIONAL DEVELOPMENT SUPPORT. A JOB FAIR WAS HOSTED IN COLLABORATION WITH THE FLYNN PERFORMING ARTS CENTER IN BURLINGTON. IT INCLUDED 30 EMPLOYERS FROM ACROSS VERMONT, AND 105 PROSPECTIVE EMPLOYEES. THIS INCLUDED PRE-EVENT WEBINARS FOR PARTICIPANTS AND EMPLOYERS, AS WELL AS A VALUES WORKSHOP DURING THE EVENT. THE AUGUST KICK BACK EVENT TO HELP RAISE AWARENESS OF THE 2023 CENTRAL VERMONT FLOODS WAS ATTENDED BY 100 INDIVIDUALS. THE EVENT INCLUDED A RESOURCE FAIR TO SUPPORT INDIVIDUALS AND BUSINESSES WHO WERE EXPERIENCING LOSS DUE TO THE FLOODS. FLOOD RECOVERY SUPPORT WAS OFFERED TO APPROXIMATELY 40 BUSINESS OWNERS FROM JULY THROUGH SEPTEMBER 2023.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Weiwei Wang Dir. Operati | OfficerTrustee | 40 | $77,083 |
Tinotenda Rutanhira Board Chair | OfficerTrustee | 0.25 | $0 |
David Tabaruka Treasurer | OfficerTrustee | 0.25 | $0 |
Belan Antensaye Board Member | Trustee | 0.25 | $0 |
Cd Mattison Board Member | Trustee | 0.25 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $36,046 |
All other contributions, gifts, grants, and similar amounts not included above | $470,105 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $506,151 |
Total Program Service Revenue | $166,740 |
Investment income | $99 |
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 | $672,990 |
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. | $79,214 |
Compensation of current officers, directors, key employees. | $39,607 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $89,834 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $14,103 |
Payroll taxes | $12,614 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,320 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $48,957 |
Advertising and promotion | $6,514 |
Office expenses | $2,597 |
Information technology | $12,633 |
Royalties | $0 |
Occupancy | $0 |
Travel | $2,737 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,741 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $11,378 |
All other expenses | $0 |
Total functional expenses | $303,728 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $709,199 |
Savings and temporary cash investments | $100,276 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $60,993 |
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 | $15,250 |
Other assets | $0 |
Total assets | $885,718 |
Accounts payable and accrued expenses | $17,895 |
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 | $0 |
Total liabilities | $17,895 |
Net assets without donor restrictions | $867,823 |
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 | $885,718 |