Vermont Association Of Broadcasters Inc
- Assets
- $417.9k
- Revenue
- $170.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Essex Junction, VT
- Founding
- 11/1995
- Data as of
- 06/2023
- EIN
- 03-0288683
Organization Overview
Vermont Association Of Broadcasters Inc is located in Essex Junction, VT. The organization was established in 1995. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Association Of Broadcasters Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Vermont Association Of Broadcasters Inc generated $170.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $188.7k during the year ending 06/2023. While expenses have increased by 0.9% 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
UNITE, PROVIDE RESOURCES, OPPORTUNITIES, ENCOURAGEMENT, AND SUPPORT FOR GROWTH, AND ADVOCATE FOR ALL FREE, OVER-THE-AIR BROADCAST TELEVISION AND RADIO STATIONS OPERATING IN THE STATE OF VERMONT
Describe the Organization's Program Activity:
Part 3 - Line 4a
VAB SUBSIDIZED ALTERNATIVE BROADCAST INSPECIONS. OVER 100 MEMBERS ATTENDED THE ANNUAL CONVENTION. HELD ANNUAL HAL OF FAME AWARDS BANQUET HELD ANNUAL CONVENTION & COMMERCIAL OF THEYEAR AWARDS.
SUBSCRITION FOR ALL VAB MEMBERS TO LOCAL BROADCAST SALES, OFFERING UNLIMITE ACCESS TO ON-DEMAND TRAINING VIDEOS, SALES AND PROMOTION IDEAS, B.E.S.T. TRAINING PROGRAM FOR NEW HIRES, "ASK LBS- AND THEIR 2ND TUESDAY WEBINAR SERIES. LEGAL "HOTLINE", OFFERING 30 MINUTES OF LEGAL ADVICE TO ANY VAB MEMBER TO ANSWER SIMPLE QUESTIONS ABOUT VERMONT STATE LABOR AND ADVERTISING LAWS.
MONITORING & ADVOCACY IN STATE & FEDERAL GOVERNMENT TO ADVOCATE ON NATIONAL ISSUES. ATTEND STATE AND FEDERAL LEGISLATIVE CONFERENCES. MONITOR STATE AND FEDERAL LEGISTRAION ON ADVERTISING AND PROMOTION.
MEMBER OUTREACH - CONDUCTED VISITS AT STATIONS FOR MEMBER FEEDBACK SURVEYS. VAB VOICE BECAME A WEEKLY E-NEWSLETTER, VAB FORMED NEW COMMITTESS. EACH STATION GROUP NOW HAS A LIAISON TO THE VAB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Mays Executive Di | Trustee | 30 | $62,552 |
Jay Barton Secretary | OfficerTrustee | 0.5 | $0 |
Kelli Corbeil Past Preside | OfficerTrustee | 0.5 | $0 |
David Godette Vice Preside | OfficerTrustee | 1 | $0 |
Alexander Von Lichtenberg President & | OfficerTrustee | 1 | $0 |
Dana Nahumck Director At | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,031 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $265 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,296 |
| Total Program Service Revenue | $146,917 |
| Investment income | $10,441 |
| 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 | $170,654 |
| 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. | $62,552 |
| Compensation of current officers, directors, key employees. | $6,255 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,190 |
| Fees for services: Lobbying | $22,692 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45 |
| Advertising and promotion | $5,607 |
| Office expenses | $1,083 |
| Information technology | $2,658 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,692 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106 |
| Insurance | $2,426 |
| All other expenses | $0 |
| Total functional expenses | $188,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,757 |
| Savings and temporary cash investments | $341,135 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $51 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $417,943 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $417,943 |
| 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 | $417,943 |