Governors Institutes Of Vermont
- Assets
- $2.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 118
- Location
- Winooski, VT
- Founding
- 01/1988
- Data as of
- 12/2023
- EIN
- 03-0308967
Organization Overview
Governors Institutes Of Vermont is located in Winooski, VT. The organization was established in 1988. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Governors Institutes Of Vermont employed 118 individuals. This organization is the central organization for a national or regional group of organizations. Governors Institutes Of Vermont 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 12/2023, Governors Institutes Of Vermont generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 9 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
GIV EMPOWERS YOUNG PEOPLE WITH INTENSIVE, HANDS-ON LEARNING EXPERIENCES IN COLLEGE SETTINGS WHICH INSPIRE THEIR ACADEMIC AND CREATIVE PASSIONS, BUILD CONFIDENCE AND LEADERSHIP, AND EXPAND THEIR SENSE OF POSSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIV PROGRAMS INCLUDE: RESIDENTIAL EDUCATIONAL ACCELERATION PROGRAMS, PRIMARILY IN SUMMER, WHERE VERMONT HIGH SCHOOL STUDENTS RECEIVE INTENSIVE IN-DEPTH STUDY OPPORTUNITIES WITH PROFESSIONAL AND EXPERT MENTORS. SUMMER INTENSIVES INCLUDE ARTS (VISUAL AND PERFORMING), ASTRONOMY, ENGINEERING, ENVIRONMENTAL SCIENCE, GLOBAL ISSUES & YOUTH ACTION, HEALTH & MEDICINE, MATHEMATICAL SCIENCES, ENTREPRENEURSHIP, AND TECHNOLOGY & DESIGN. OCCASIONAL WINTER AND FALL INTENSIVES PROVIDE ADDITIONAL TOPICS IN SCIENCE, ARTS, AND LEADERSHIP. GIV AIMS TO ENSURE THAT ALL MOTIVATED VERMONT STUDENTS HAVE EQUITABLE ACCESS TO IN-DEPTH EDUCATIONAL RESOURCES REGARDLESS OF INCOME, GEOGRAPHY, OR DEMOGRAPHIC FACTORS, AND SPECIFICALLY RECRUITS LARGE NUMBERS OF UNDER-REPRESENTED STUDENTS. TARGET OUTCOMES FOR PARTICIPANTS INCLUDE INCREASED SUBJECT MATTER KNOWLEDGE, GREATER ACADEMIC MOTIVATION AND FOCUS, STRONGER SELF-CONFIDENCE AND SELF-ESTEEM, ENCOURAGEMENT OF PROSOCIAL BEHAVIORS, AND HIGHER POST-SECONDARY EDUCATION AND CAREER ASPIRATIONS. MORE INFORMATION AT WWW.GIV.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Frascoia Executive Di | Officer | 40 | $122,986 |
Fran Clougherty Chair | OfficerTrustee | 1 | $0 |
Nan Bambara Vice Chair | OfficerTrustee | 1 | $0 |
Erin Wetherell Secretary | OfficerTrustee | 1 | $0 |
John Hango Treasurer | OfficerTrustee | 1 | $0 |
Marlene Allen Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $277,028 |
| All other contributions, gifts, grants, and similar amounts not included above | $596,948 |
| Noncash contributions included in lines 1a–1f | $1,161 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $873,976 |
| Total Program Service Revenue | $1,133,125 |
| Investment income | $30,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,176 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,050,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $601,247 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,324 |
| Compensation of current officers, directors, key employees. | $26,065 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $602,616 |
| Pension plan accruals and contributions | $8,903 |
| Other employee benefits | $5,603 |
| Payroll taxes | $61,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,642 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,000 |
| Fees for services: Other | $22,592 |
| Advertising and promotion | $14,901 |
| Office expenses | $24,242 |
| Information technology | $13,544 |
| Royalties | $0 |
| Occupancy | $457,798 |
| Travel | $21,412 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,859 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,226 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,034,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,984 |
| Savings and temporary cash investments | $402,506 |
| Pledges and grants receivable | $292,000 |
| Accounts receivable, net | $19,591 |
| 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 | $13,278 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,108,163 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,974,522 |
| Accounts payable and accrued expenses | $19,940 |
| Grants payable | $0 |
| Deferred revenue | $238,846 |
| 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 | $258,786 |
| Net assets without donor restrictions | $1,111,803 |
| Net assets with donor restrictions | $603,933 |
| 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 | $1,974,522 |