Vermont Achievement Center Inc
- Assets
- $2.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 78
- Location
- Rutland, VT
- Founding
- 03/1944
- Data as of
- 06/2022
- EIN
- 03-0179407
Organization Overview
Vermont Achievement Center Inc is located in Rutland, VT. The organization was established in 1944. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Vermont Achievement Center Inc employed 78 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Vermont Achievement Center 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, Vermont Achievement Center Inc generated $2.9m 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 (3.2%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH FLEXIBLE, DIVERSE, AND RESPONSIVE PROGRAMS, VERMONT ACHIEVEMENT CENTER, INC. (VAC) PROVIDES A FOUNDATION OF LIFE SKILLS TO PREPARE INDIVIDUALS TO REACH THEIR FULL POTENTIAL AS CONTRIBUTING MEMBERS OF SOCIETY. ALL PEOPLE ARE CAPABLE OF CHANGE, INDIVIDUALS FLOURISH BECAUSE THEY ARE NURTURED, VALUED AND TREATED WITH RESPECT, EDUCATION IS EMPOWERING. THE FAMILY IS THE PRIMARY INFLUENCE IN A PERSON'S LIFE, CHILDREN BELONG IN A FAMILY, FAMILIES ARE ENHANCED BY SUPPORT OF THE COMMUNITY, CHILDREN AND FAMILY SERVICES ARE FLEXIBLE AND RESPONSIVE TO CHANGING NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VERMONT ACHIEVEMENT CENTER'S EARLY EDUCATION AND CARE PROGRAM OFFERS A VARIETY OF ENRICHING QUALITY CARE PROGRAMS FOR INFANTS, TODDLERS, AND PRESCHOOL-AGED CHILDREN. VAC'S PROGRAMS WORK TO BRING CHILDREN TOGETHER IN AN ENRICHING DEVELOPMENTALLY APPROPRIATE LEARNING ENVIRONMENT TO HELP PROMOTE INDEPENDENCE, SELF-ESTEEM, AND GROWTH IN AREAS OF MOTOR SKILLS, LANGUAGE AND LITERACY, PLAY SKILLS, AND SOCIAL COMPETENCY. WE ALSO ASSIST CHILDREN SIX-WEEKS TO TWELVE-YEARS OF AGE BY PROVIDING NUTRITIOUS MEALS AND SNACKS THROUGHOUT THE DAY. IN ADDITION TO OUR EDUCATIONAL CLASSROOMS, WE ALSO PROVIDE PLAYGROUND, GYMNASIUM AND SWIMMING SERVICES. VAC'S SHELDON ACADEMY OFFERS A SPECIAL EDUCATION PROGRAM AND THERAPEUTIC SUMMER PROGRAM FOR KIDS GRADES K-8 THAT MEET THE INDIVIDUAL NEEDS OF STUDENTS WITH SPECIAL NEEDS. OUR EXPERIENCED STAFF WORK TO MAKE SURE CHILDREN RECEIVE THE THERAPY AND EDUCATIONAL SUPERVISION THEY NEED. ANOTHER RESOURCE WE PROVIDE IS THE MITCHELL THERAPY POOL AT VAC WHICH IS AN INDOOR, HEATED AND SPECIALLY EQUIPPED THERAPY POOL. IT IS THE ONLY THERAPY POOL IN CENTRAL VERMONT. WITH WARM WATER AND SPECIALIZED RAMPS, THE POOL PROVIDES THERAPEUTIC SWIMMING FOR CHILDREN AND ADULTS OF ALL ABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Mossey President & | Officer | 40 | $91,346 |
Monica Roussin CFO | Officer | 40 | $0 |
Staci Buysse Former CFO | Officer | 40 | $79,230 |
Sarah Donaldson Board Chair | OfficerTrustee | 0.25 | $0 |
Paige Gallo Secretary | OfficerTrustee | 0.25 | $0 |
Christine Carrara Former Secre | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $421,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,560 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $730,991 |
| Total Program Service Revenue | $2,098,728 |
| Investment income | $50 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $94,668 |
| Net Gain/Loss on Asset Sales | -$7,395 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,917,042 |
| 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. | $152,304 |
| Compensation of current officers, directors, key employees. | $152,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,184,112 |
| Pension plan accruals and contributions | $16,997 |
| Other employee benefits | $159,343 |
| Payroll taxes | $141,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,029 |
| Fees for services: Accounting | $90,884 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,000 |
| Office expenses | $126,411 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $139,732 |
| Travel | $31,844 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,979 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,666 |
| Insurance | $84,963 |
| All other expenses | $0 |
| Total functional expenses | $2,442,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $895,607 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $716,527 |
| Accounts receivable, net | $206,885 |
| 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 | $18,610 |
| Net Land, buildings, and equipment | $936,995 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,774,624 |
| Accounts payable and accrued expenses | $153,937 |
| 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 | $334,132 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $488,069 |
| Net assets without donor restrictions | $2,286,555 |
| 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 | $2,774,624 |