Community Of Vermont Elders
- Assets
- $72.8k
- Revenue
- $333.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Montpelier, VT
- Founding
- 04/1996
- Data as of
- 12/2020
- EIN
- 03-0347157
Organization Overview
Community Of Vermont Elders is located in Montpelier, VT. The organization was established in 1996. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2020, Community Of Vermont Elders employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Of Vermont Elders 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 12/2020, Community Of Vermont Elders generated $333.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $312.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PROTECT A HIGHER QUALITY OF LIFE FOR THE STATE'S SENIORS. COVE ADVANCES ITS MISSION THROUGH ADVOCACY AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LARGEST PROGRAM OF THE ORGANIZATION IS VERMONT SENIOR MEDICARE PATROL (VT-SMP).SMP'S MISSION AND MESSAGE IS TO PREVENT MEDICARE ERROR, FRAUD,AND ABUSE. SMP SEEKS TO EMPOWER OLDER VERMONTERS BY INCREASED AWARENESS AND UNDERSTANDING OF HEALTH CARE PROGRAMS IN ORDER FOR INDIVIDUALS TO PREVENT, DETECT, AND REPORT INSTANCES OF MEDICARE ERROR, FRAUD, AND ABUSE. DURING THE FIRST PART OF THE PANDEMIC, THE PROGRAM SHIFTED TO OFFER MONTHLY REMOTE EDUCATIONAL PRESENTATIONS, BIWEEKLY EMAIL UPDATES, QUARTERLY NEWESLETTERS AND PODCASTS. NETWORK BUILDING AND MATERALS DEVELOPMENT IMPROVED PROGRAM OUTREACH, EVEN THROUGH DIGITAL AVENUES. OTHER PROGRAMS OF THE ORGANIZATION INCLUDED BUIDLING BRIDGES TO SERVICES FOR OLDER VERMONTERS. THE PROGRAM FOCUSES ON GENERAL SCAM, FRAUD, AND EXPLOITATION PREVENTION. COVE ALSO ENGAGES IN PUBLIC POLICY ADVOCACY, RESEARCH, AND EDCUATION THROUGH A CONTRACT WITH THE FIRM NECRASON GROUP. THE FIRM AND EXECUTIVE DIRECTOR EDUCATIOE POLICY MAKERS ABOUT ISSUES AFFECTING ELDERS AND WORKS WITH BOTH LEGISLATORS AND EXECUTIVE BRANCH STAFF TO GET THOSE ISSUES ADDRESSED. DURING 2020 COVE PUBLISHED A RESOURCE GUIDE WITH THE SUPPORT OF VOLUNTEERS AND STAFF. COPIES WERE DISTRIBUTED ACROSS VERMONT REACHING 3,000 VERMONTERS. ADDITIONALLY THE GUIDE WAS OFFERED IN A DIGITAL FORMAT THAT WAS DOWNLOADED AND VIEWED HUNDREDS OF TIMES ON THE COVE WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruby Baker Executive Di | Officer | 32 | $41,200 |
Jim Holway President | OfficerTrustee | 1 | $0 |
Anore Horton Vp/secretary | OfficerTrustee | 1 | $0 |
Steve Pouliot Treasurer | OfficerTrustee | 1 | $0 |
Carol Stamatakis Board Member | Trustee | 1 | $0 |
Brenda Siegle Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $274,317 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,682 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $297,999 |
| Total Program Service Revenue | $35,148 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $390 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $333,538 |
| 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. | $41,200 |
| Compensation of current officers, directors, key employees. | $20,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,281 |
| Pension plan accruals and contributions | $2,991 |
| Other employee benefits | $18,307 |
| Payroll taxes | $12,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54 |
| Fees for services: Accounting | $12,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,507 |
| Advertising and promotion | $4,812 |
| Office expenses | $27,541 |
| Information technology | $7,556 |
| Royalties | $0 |
| Occupancy | $8,100 |
| Travel | $1,843 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,449 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,779 |
| All other expenses | $598 |
| Total functional expenses | $312,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,152 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $52,690 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $72,842 |
| Accounts payable and accrued expenses | $835 |
| 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 | $22,408 |
| Total liabilities | $23,243 |
| Net assets without donor restrictions | $49,599 |
| 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 | $72,842 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Of Vermont Elders has recieved totaling $11,996.
| Awarding Organization | Amount |
|---|---|
Governing Council Of The University Of Toronto PURPOSE: Research | | $5,998 |
Governing Council Of The University Of Toronto PURPOSE: Research | | $5,998 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Practising Law Institute New York, NY | $169,437,578 | $109,173,484 |
Bellwether Education Partners Inc Sudbury, MA | $12,819,060 | $18,147,451 |
Workforce Development Institute Inc Albany, NY | $2,796,326 | $10,204,057 |
Vhs Inc Maynard, MA | $2,159,485 | $7,029,751 |
United For Respect Education Fund Brooklyn, NY | $7,552,270 | $7,410,651 |
1st Street Foundation Inc Brooklyn, NY | $4,623,074 | $8,726,760 |
More Than Words Inc Boston, MA | $15,091,779 | $6,459,719 |
Leading Edge Alliance Inc New York, NY | $10,397,327 | $8,264,467 |
Nashua Adult Learning Center Inc Nashua, NH | $5,002,850 | $5,676,963 |
Vermont Adult Learning Inc Waitsfield, VT | $1,289,780 | $4,391,996 |
Read To Lead Inc New York, NY | $3,901,385 | $3,177,958 |
Foundation For Civic Leadership Inc Cambridge, MA | $2,419,879 | $3,718,020 |