Vermont Nea Inc
- Assets
- $8.1m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 64
- Location
- Montpelier, VT
- Founding
- 08/1971
- Data as of
- 08/2023
- EIN
- 03-0276708
Organization Overview
Vermont Nea Inc is located in Montpelier, VT. The organization was established in 1971. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 08/2023, Vermont Nea Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Nea Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, Vermont Nea Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $6.4m during the year ending 08/2023. While expenses have increased by 3.5% per year over the past 5 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
VERMONT-NEA IS A STATEWIDE TEACHERS ASSOCIATION ORGANIZED TO NEGOTIATE TEACHERS' CONTRACTS, PROMOTE PROFESSIONALISM AMONG TEACHERS, AND IMPROVE THE QUALITY OF EDUCATION OF VERMONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNISERV/LEGAL - THE UNISERV SIDE OF THIS PROGRAM CONSISTS OF ALL VT-NEA'S SERVICES TO LOCAL ASSOCIATIONS AND INDIVIDUAL MEMBERS REGARDING ORGANIZING, COLLECTIVE BARGAINING, AND CONTRACT ADMINISTRATION, INCLUDING THE PROCESSING OF GRIEVANCES. THE LEGAL SIDE OF THIS PROGRAM CONSISTS OF ALL VT-NEA'S LEGAL REPRESENTATION, ADVICE, AND RELATED SERVICES TO LOCAL ASSOCIATIONS AND INDIVIDUAL MEMBERS IN THE CONTEXT OF UNFAIR LABOR PRACTICES, JOB SECURITY CASES, AND OTHER MATTERS RELATED TO MEMBERS' EMPLOYMENT.
COMMUNICATIONS - THIS PROGRAM CONSISTS OF VT-NEA'S SERVICES THROUGH WHICH IT COMMUNICATES WITH ITS MEMBERS AND WITH THE PUBLIC GENERALLY, ABOUT INTERNAL MATTERS AND PUBLIC POLICY.
MEMBERSHIP/PROFESSIONAL DEVELOPMENT - THIS PROGRAM COMPRISES VT-NEA'S SERVICES TO ASSIST LOCAL ASSOCIATIONS TO RECRUIT, REGISTER, AND RETAIN MEMBERS. THIS PROGRAM ALSO CONSISTS OF VT-NEA'S SERVICES REGARDING INSURANCES, BENEFITS, FINANCIAL SERVICES, AND PROFESSIONAL IMPROVEMENT FOR TEACHERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Buck Lauren Board Direct | Trustee | 3 | $0 |
Campbell Catherine Board Direct | Trustee | 3 | $0 |
Cannizzaro Peter Board Direct | Trustee | 3 | $0 |
Darrell Loriann Board Direct | Trustee | 3 | $0 |
Doughtery Madeleine Board Direct | Trustee | 3 | $2,400 |
Hamby Genevieve Board Direct | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $431,892 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $431,892 |
| Total Program Service Revenue | $6,033,041 |
| Investment income | $205,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,321 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,695,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $503,942 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,052,074 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $954,142 |
| Payroll taxes | $216,746 |
| Fees for services: Management | $2,694 |
| Fees for services: Legal | $47,949 |
| Fees for services: Accounting | $40,787 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,790 |
| Fees for services: Other | $104,968 |
| Advertising and promotion | $55,463 |
| Office expenses | $177,468 |
| Information technology | $69,623 |
| Royalties | $0 |
| Occupancy | $56,542 |
| Travel | $93,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $704,545 |
| Interest | $0 |
| Payments to affiliates | $11,420 |
| Depreciation, depletion, and amortization | $62,512 |
| Insurance | $26,901 |
| All other expenses | $0 |
| Total functional expenses | $6,442,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,148 |
| Savings and temporary cash investments | $3,967,110 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,617 |
| 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 | $93,539 |
| Net Land, buildings, and equipment | $530,566 |
| Investments—publicly traded securities | $3,435,198 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,111,178 |
| Accounts payable and accrued expenses | $1,174,023 |
| Grants payable | $0 |
| Deferred revenue | $161,261 |
| 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 | $1,335,284 |
| Net assets without donor restrictions | $6,775,894 |
| 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 | $8,111,178 |