Central Vermont Adult Basic Education Inc
- Assets
- $1.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 21
- Location
- Barre, VT
- Founding
- 05/1992
- Data as of
- 06/2024
- EIN
- 03-0238309
Organization Overview
Central Vermont Adult Basic Education Inc, operating under the name Central Vermont Adult Educatio, is located in Barre, VT. The organization was established in 1992. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2024, Central Vermont Adult Educatio employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Vermont Adult Educatio 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 06/2024, Central Vermont Adult Educatio generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.6m during the year ending 06/2024. While expenses have increased by 0.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
CENTRAL VERMONT ADULT BASIC EDUCATION, INC. (CVABE) PROVIDES ADULT EDUCATION AND LITERACY (AEL) SERVICES FOR STUDENTS THROUGHOUT THE 47 TOWNS AND CITIES OF VERMONTS WASHINGTON, ORANGE, AND LAMOILLE COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CVABE IS AN ORGANIZATION OF STUDENTS, COMMUNITY MEMBERS AND TEACHERS IN WASHINGTON, ORANGE, AND LAMOILLE COUNTIES OF VERMONT COMMITTED TO DEVELOPING, EVALUATING, AND PROVIDING ACCESSIBLE LITERACY INSTRUCTION FOR ADULTS AND TEENS IN THE BELIEF THAT A LITERATE PERSON HAS THE ESSENTIAL KEY TO SELF-UNDERSTANDING AND FOR FULL AND ACTIVE MEMBERSHIP IN THE WORLD. CENTRAL TO THE MISSION IS INVOLVING THE ENTIRE COMMUNITY IN ENCOURAGING STUDENTS EFFORTS. CVABE TEACHER COMMUNITY COORDINATORS AND MORE THAN 65 TRAINED VOLUNTEERS WORK WITH 400-500 ADULTS AND TEENS ANNUALLY. SERVICES INCLUDE BASIC SKILLS EDUCATION: READING, WRITING, MATH AND FINANCIAL AND BASIC COMPUTER LITERACY; ENGLISH LANGUAGE LEARNING AND PREPARATION FOR U.S. CITIZENSHIP; HIGH SCHOOL DIPLOMA AND GED CREDENTIAL PROGRAMS; ACADEMIC SKILL READINESS FOR WORK, TECHNICAL TRAINING AND/OR COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Kalkstein Executive Director | Officer | 40 | $80,650 |
Jason Finley Director | Trustee | 0.12 | $0 |
Amanda Kay Gustin Director | Trustee | 0.24 | $0 |
Libbie Moeykens Director | Trustee | 0.52 | $0 |
Holley Todd Girard Director | Trustee | 0.15 | $0 |
Martha Fried Director | Trustee | 0.44 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,297,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $367,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,664,429 |
| Total Program Service Revenue | $3,254 |
| Investment income | $38,153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,709,106 |
| 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. | $111,796 |
| Compensation of current officers, directors, key employees. | $55,339 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $770,368 |
| Pension plan accruals and contributions | $57,916 |
| Other employee benefits | $179,789 |
| Payroll taxes | $65,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,265 |
| Fees for services: Lobbying | $11,314 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,308 |
| Advertising and promotion | $26,790 |
| Office expenses | $0 |
| Information technology | $14,803 |
| Royalties | $0 |
| Occupancy | $173,531 |
| Travel | $5,293 |
| 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 | $12,612 |
| Insurance | $10,034 |
| All other expenses | $11,866 |
| Total functional expenses | $1,579,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,341 |
| Savings and temporary cash investments | $1,188,041 |
| Pledges and grants receivable | $166,239 |
| Accounts receivable, net | $1,064 |
| 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 | $44,358 |
| Net Land, buildings, and equipment | $36,539 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $402,764 |
| Total assets | $1,853,346 |
| Accounts payable and accrued expenses | $10,703 |
| 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 | $226,515 |
| Total liabilities | $237,218 |
| Net assets without donor restrictions | $1,573,724 |
| Net assets with donor restrictions | $42,404 |
| 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 | $1,853,346 |