Vermont Associates For Training & Development Inc
- Assets
- $864.5k
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 844
- Location
- St Albans, VT
- Founding
- 09/1984
- Data as of
- 06/2023
- EIN
- 03-0288192
Organization Overview
Vermont Associates For Training & Development Inc, operating under the name Associates For Training And Develop, is located in St Albans, VT. The organization was established in 1984. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2023, Associates For Training And Develop employed 844 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associates For Training And Develop 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 06/2023, Associates For Training And Develop generated $11.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $11.7m during the year ending 06/2023. While expenses have increased by 12.7% per year over the past 8 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
THE MISSION OF ASSOCIATES FOR TRAINING AND DEVELOPMENT(A4TD) IS TO ASSIST MATURE WORKERS TO BECOME THE BEST-QUALIFIED CANDIDATES FOR JOBS CONSISTENT WITH THEIR INTERESTS AND ABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN PROGRAM YEAR 2022, ASSOCIATES FOR TRAINING AND DEVELOPMENT SERVED A TOTAL OF 829 PARTICIPANTS AS A NATIONAL GRANTEE AND STATE (CT AND NY) SUB-GRANTEE OF THE SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM (SCSEP), THE ONLY FEDERALLY FUNDED JOBS TRAINING PROGRAM DESIGNED SPECIFICALLY FOR WORKERS AGE 55+. THOSE PARTICIPANTS CONTRIBUTED OVER 328,327 HOURS IN PAID SERVICE TO THE COMMUNITY IN MANY DIVERSE NONPROFIT ORGANIZATIONS AND PUBLIC AGENCIES. PARTICIPANTS RECEIVED 340,037 HOURS OF PAID TRAINING IN ADDITION TO THEIR COMMUNITY SERVICE ASSIGNMENTS, EQUIPPING THEM WITH RELEVANT SKILLS AND CREDENTIALS TO MEET THE LABOR NEEDS OF BUSINESSES IN THEIR AREAS. IN TOTAL, PARTICIPANTS WERE PAID FOR OVER 668,365 HOURS OF SCSEP SERVICES FOR THE YEAR. INDIVIDUALS WHO HAD ENTERED OUR PROGRAMS UNEMPLOYED EXITED THEM FOR WORK. WE ALSO OPERATED THE VERMONT RETURNSHIPS PROGRAM AND THE CONNECTICUT OLDER WORKER DEMONSTRATION VIRTUAL TRAINING PROGRAM, INNOVATIVE WORKFORCE DEVELOPMENT PROJECTS SERVING INDIVIDUALS IN VERMONT WHO HAVE LEFT OR ARE POISED TO LEAVE THE WORKFORCE, HELPING THEM CONNECT WITH EMPLOYMENT OPTIONS THAT MEET THEIR NEEDS AND SERVING INDIVIDUALS IN CONNECTICUT, HELPING THEM TO OVERCOME BARRIERS TO ENGAGING IN WORKFORCE DEVELOPMENT TRAINING OPPORTUNITIES AND ASSISTING THEM TO ACHIEVE THEIR EMPLOYMENT GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Elmer President & | OfficerTrustee | 40 | $98,417 |
Thomas Gregory Saylor Vice Preside | Officer | 40 | $72,203 |
Barbara Mcintosh Board Presid | OfficerTrustee | 2 | $0 |
Jacqueline Brosseau-Cyr Secretary/tr | OfficerTrustee | 2 | $0 |
Sean Joyce Director | Trustee | 2 | $0 |
Eric Sokolowski Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,653,504 |
| 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 | $11,653,504 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $11,663,266 |
| 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. | $190,836 |
| Compensation of current officers, directors, key employees. | $104,597 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,456,464 |
| Pension plan accruals and contributions | $24,043 |
| Other employee benefits | $553,647 |
| Payroll taxes | $756,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,879 |
| Fees for services: Accounting | $16,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,403 |
| Advertising and promotion | $0 |
| Office expenses | $177,626 |
| Information technology | $204,806 |
| Royalties | $0 |
| Occupancy | $81,212 |
| Travel | $76,031 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,800 |
| Interest | $18,365 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,720 |
| Insurance | $53,942 |
| All other expenses | $0 |
| Total functional expenses | $11,707,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,018 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $218,048 |
| Accounts receivable, net | $0 |
| 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 | $152,503 |
| Net Land, buildings, and equipment | $2,479 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,415 |
| Total assets | $864,463 |
| Accounts payable and accrued expenses | $526,752 |
| 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 | $402,379 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $929,131 |
| Net assets without donor restrictions | -$64,668 |
| 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 | $864,463 |