Vermont Adult Learning Inc
- Assets
- $1.3m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 92
- Location
- Waitsfield, VT
- Founding
- 01/1981
- Data as of
- 06/2022
- EIN
- 03-0276755
Organization Overview
Vermont Adult Learning Inc is located in Waitsfield, VT. The organization was established in 1981. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Vermont Adult Learning Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Adult Learning 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 Adult Learning Inc generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 5 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
OUR MISSION IS TO PROVIDE ADULTS WITH ESSENTIAL SKILLS AND KNOWLEDGE TO FURTHER THEIR EDUCATIONAL, EMPLOYMENT, AND PERSONAL GOALS THAT WILL EXPAND THEIR OPTIONS AND CAPABILITIES IN THE FAMILY, COMMUNITY AND WORKPLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC SKILLS - PROVIDE EDUCATION SERVICE THROUGHOUT THE STATE OF VERMONT THAT INCLUDES CLASSES AND INDIVIDUAL TUTORING IN READING, WRITING, MATH AND ENGLISH FOR SPEAKERS OF THE OTHER LANGUAGES; FAMILY LITERACY PROGRAMS AND CUSTOMIZED TRAINING FOR EMPLOYERS PROVIDE GED PREPARATION AND TESTING SERVICES.
HIGH SCHOOL COMPLETION - IS A PROGRAM INTRODUCED IN FY2007 AND ALLOWS 16-21 YEAR OLDS WHO HAVE DROPPED OUT OF HIGH SCHOOL OR ARE AT RISK OF DROPPING OUT, THE OPPORTUNITY TO OBTAIN THEIR HIGH SCHOOL DIPLOMA AFTER COMPLETION OF A CUSTOMIZED INDIVIDUAL STUDENT GRADUATION PLAN IN COLLABORATION WITH THEIR HIGH SCHOOL.
WORKPLACE READINESS - IS A STATEWIDE PROGRAM THAT ASSITS VERMONTERS TO DEVELOP SKILLS, ATTITUDES, AND BEHAVIORS ESSENTIAL FOR ENTERING THE WORK ENVIRONMENT AND MAINTAINING EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Coutts Chair/treasurer | OfficerTrustee | 10 | $0 |
Richard Tulikangas Vice Chair | OfficerTrustee | 6 | $0 |
Tuipate Mubaiy Trustee | Trustee | 6 | $0 |
Ed Booth Trustee | Trustee | 6 | $0 |
Paul Dragon Secretary | OfficerTrustee | 6 | $0 |
Dee Gilbert Trustee | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,245,056 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,301,193 |
| Total Program Service Revenue | $89,352 |
| Investment income | $652 |
| 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 | $4,391,996 |
| 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. | $104,270 |
| Compensation of current officers, directors, key employees. | $104,270 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,872,775 |
| Pension plan accruals and contributions | $83,661 |
| Other employee benefits | $424,011 |
| Payroll taxes | $212,691 |
| 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 | $140,305 |
| Advertising and promotion | $14,423 |
| Office expenses | $31,133 |
| Information technology | $70,446 |
| Royalties | $0 |
| Occupancy | $322,240 |
| Travel | $5,336 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $970 |
| Interest | $1,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,780 |
| Insurance | $12,689 |
| All other expenses | $17,434 |
| Total functional expenses | $4,422,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,026 |
| Savings and temporary cash investments | $3,290 |
| Pledges and grants receivable | $743,485 |
| Accounts receivable, net | $62,212 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,386 |
| Prepaid expenses and deferred charges | $30,681 |
| Net Land, buildings, and equipment | $25,958 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,742 |
| Total assets | $1,289,780 |
| Accounts payable and accrued expenses | $225,055 |
| Grants payable | $0 |
| Deferred revenue | $124,234 |
| 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 | $349,289 |
| Net assets without donor restrictions | $935,710 |
| Net assets with donor restrictions | $4,781 |
| 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 | $1,289,780 |