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 12/2021, Governors Institutes Of Vermont employed 85 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 12/2021, Governors Institutes Of Vermont generated $920.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $816.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 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
2021
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, AND TECHNOLOGY & DESIGN. 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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Elizabeth Frascoia Executive Di | Officer | 40 | $100,300 |
Jane Campbell Chair | OfficerTrustee | 1 | $0 |
Erin Wetherell Secretary | OfficerTrustee | 1 | $0 |
Brian Mckenna Vice Chair | OfficerTrustee | 1 | $0 |
John Hango Treasurer | OfficerTrustee | 1 | $0 |
Gwen Bailey-Rowe Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $317,553 |
All other contributions, gifts, grants, and similar amounts not included above | $306,023 |
Noncash contributions included in lines 1a–1f | $1,606 |
Total Revenue from Contributions, Gifts, Grants & Similar | $623,576 |
Total Program Service Revenue | $239,996 |
Investment income | $20,063 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $37,214 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $920,849 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $115,922 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $105,779 |
Compensation of current officers, directors, key employees. | $21,156 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $382,317 |
Pension plan accruals and contributions | $3,805 |
Other employee benefits | $374 |
Payroll taxes | $35,144 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $24,901 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $9,437 |
Fees for services: Other | $20,476 |
Advertising and promotion | $16,074 |
Office expenses | $15,593 |
Information technology | $25,076 |
Royalties | $0 |
Occupancy | $18,231 |
Travel | $779 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $11,409 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,705 |
Insurance | $2,801 |
All other expenses | $0 |
Total functional expenses | $816,758 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $273,451 |
Savings and temporary cash investments | $223,446 |
Pledges and grants receivable | $44,284 |
Accounts receivable, net | $22,792 |
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 | $11,443 |
Net Land, buildings, and equipment | $3,931 |
Investments—publicly traded securities | $1,134,938 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,714,285 |
Accounts payable and accrued expenses | $18,160 |
Grants payable | $0 |
Deferred revenue | $12,000 |
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 | $30,160 |
Net assets without donor restrictions | $1,254,486 |
Net assets with donor restrictions | $429,639 |
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 | $1,714,285 |
Over the last fiscal year, we have identified 12 grants that Governors Institutes Of Vermont has recieved totaling $98,138.
Awarding Organization | Amount |
---|---|
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $23,000 |
Vermont Humanities Council Montpelier, VT PURPOSE: GENERAL PURPOSE | $15,000 |
Thomas Thompson Trust Boston, MA PURPOSE: SCHOLARSHIP SUPPORT FOR WINDHAM COUNTY GIV STUDENTS | $10,000 |
George W Mergens Foundation Milton, VT PURPOSE: GENERAL OPERATINGSUPPORT | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Bay And Paul Foundations Inc Wilmington, DE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Beg. Balance | $334,639 |
Earnings | $45,265 |
Other Expense | $9,730 |
Ending Balance | $370,174 |
Organization Name | Assets | Revenue |
---|---|---|
Braverhood Ltd Brooklyn, NY | $56,044,966 | $113,467,057 |
Coordinated Behavioral Care Inc New York, NY | $25,699,878 | $79,934,258 |
Success Academy Charter Schools Inc New York, NY | $162,966,057 | $99,368,525 |
Baker Hall Lackawanna, NY | $43,415,308 | $53,649,609 |
Tiegerman School Glen Cove, NY | $36,938,898 | $36,850,171 |
Proteus Fund Inc Amherst, MA | $47,115,132 | $46,264,432 |
Teach For All Inc New York, NY | $63,275,692 | $50,938,774 |
Lsny Bronx Corporation New York, NY | $9,256,880 | $24,578,698 |
Boston Plastic & Oral Surgery Foundation Inc Boston, MA | $28,248,674 | $23,739,730 |
El Education Inc New York, NY | $28,362,379 | $30,858,452 |
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |