Vermont Association Of Business Industry & Rehabilitation Inc
- Assets
- $2.0m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 316
- Location
- Williston, VT
- Founding
- 05/1981
- Data as of
- 09/2022
- EIN
- 03-0273272
Organization Overview
Vermont Association Of Business Industry & Rehabilitation Inc is located in Williston, VT. The organization was established in 1981. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 09/2022, Vermont Association Of Business Industry & Rehabilitation Inc employed 316 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Association Of Business Industry & Rehabilitation 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 09/2022, Vermont Association Of Business Industry & Rehabilitation Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $5.6m during the year ending 09/2022. While expenses have increased by 3.0% 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
IT IS VABIR'S MISSION TO HELP EMPLOYERS MEET THEIR STAFFING NEEDS FOR A STABLE SKILLED WORKFORCE AND TO ADVOCATE PUBLIC AND PRIVATE POLICIES THAT ENCOURAGE AND INCREASE ACCESS FOR PERSONS WITH DISABILITIES IN THE WORK ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLACEMENT AND TRAINING OF PERSONS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Mccarthy Executive Director | Officer | 40 | $88,093 |
Cathy Chamberlain President | OfficerTrustee | 2 | $0 |
David Leinaweaver Secretary/treasurer | OfficerTrustee | 2 | $0 |
Meghan Gowland Member | Trustee | 2 | $0 |
Dan Petherbridge Member | Trustee | 2 | $0 |
Maghon Luman Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,923,679 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,923,679 |
| Total Program Service Revenue | $103,648 |
| Investment income | $492 |
| 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 | $6,027,819 |
| 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. | $93,195 |
| Compensation of current officers, directors, key employees. | $5,035 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,980,920 |
| Pension plan accruals and contributions | $37,582 |
| Other employee benefits | $559,140 |
| Payroll taxes | $347,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,846 |
| Office expenses | $123,896 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,229 |
| Travel | $69,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,242 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $25,404 |
| All other expenses | $0 |
| Total functional expenses | $5,644,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $573,432 |
| Savings and temporary cash investments | $80,243 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,293,539 |
| 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 | $44,467 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,991,681 |
| Accounts payable and accrued expenses | $330,444 |
| Grants payable | $0 |
| Deferred revenue | $60,450 |
| 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 | $390,894 |
| Net assets without donor restrictions | $1,600,787 |
| 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 | $1,991,681 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Work & Independence Inc Glens Falls, NY | $10,451,280 | $22,331,025 |
Triangle Inc Malden, MA | $7,569,693 | $11,643,804 |
Opportunity Works Inc Newburyport, MA | $12,187,041 | $8,191,091 |
Vermont Association Of Business Industry & Rehabilitation Inc Williston, VT | $1,991,681 | $6,027,819 |
Chesco Inc Keene, NH | $1,949,181 | $5,890,910 |
The Nemasket Group Inc Mattapoisett, MA | $3,135,669 | $3,771,945 |
New England Business Associates Inc Springfield, MA | $2,493,745 | $3,356,864 |
Capabilities Inc Elmira, NY | $4,483,915 | $2,928,057 |
Grace Institute Of New York Inc New York, NY | $2,408,718 | $3,229,572 |
Great Bay Services Dover, NH | $1,278,584 | $2,617,890 |
United Service Workers Union Local 74 Long Island City, NY | $601,551 | $2,305,251 |
Employment Options Inc Marlborough, MA | $2,470,938 | $1,835,037 |