Vermont Higher Educational Council Inc
- Assets
- $119.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 19
- Location
- Montpelier, VT
- Founding
- 04/1973
- Data as of
- 06/2022
- EIN
- 03-0223268
Organization Overview
Vermont Higher Educational Council Inc is located in Montpelier, VT. The organization was established in 1973. 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, Vermont Higher Educational Council Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Higher Educational Council 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 Higher Educational Council Inc generated $21.7k 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 (30.3%) each year. All expenses for the organization totaled $33.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (27.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WHEN A NEW INSTITUTION OF HIGHER EDUCATION WANTS TO OPEN A CAMPUS IN VERMONT, OR WHEN A CAMPUS CHARTERED ELSEWHERE WANTS TO RUN A PROGRAM IN VERMONT, THEY MUST APPLY TO THE VERMONT AGENCY OF EDUCATION TO BEGIN THE APPLICATION PROCESS TO GAIN APPROVAL TO OFFER CREDITS OR DEGREES. IN THE CASE OF DEGREE-GRANTING APPROVAL, ONCE THEY HAVE SUBMITTED ALL REQUIRED MATERIALS, THE AGENCY CONTACTS VHEC TO CONDUCT A CERTIFICATION REVIEW. OUR ROLE IS TO PROVIDE AN EXPERT PERSPECTIVE ON THE READINESS OF THIS CAMPUS TO OPERATE SUCCESSFULLY AND ACCORDING TO THE VERMONT STATE RULES. WE PROVIDE A RECOMMENDATION ONLY; THE STATE BOARD OF EDUCATION MAKES ALL FINAL DECISIONS ON CERTIFICATION APPROVAL. VHEC DID NOT HAVE ANY CERTIFICATION REVIEWS DURING 2021.VHEC ALSO PUBLISHES DATA ON HIGHER EDUCATION ENROLLMENT IN VERMONT AND OCCASIONALLY PUBLISHES BROADER REPORTS ON STUDENT AND INSTITUTIONAL DATA. VHEC IS THE ONLY ORGANIZATION IN THE STATE THAT CONVENES BOTH PUBLIC AND PRIVATE HIGHER EDUCATION INSTITUTIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mills Exec Committee | 0 | $0 | |
Dan Hocoy Director | 0 | $0 | |
David Finney Director | 0 | $0 | |
Michelle Ollie Treasurer | 0.25 | $0 | |
Dr Thomas Mauhs-Pugh Director | 0 | $0 | |
Joyce Judy Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,702 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $21,716 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $26,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,048 |
| Total expenses | $33,548 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $115,438 |
| Other assets | $0 |
| Total assets | $119,557 |
| Total liabilities | $0 |
| Net assets or fund balances | $119,557 |
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