Transition Ii Inc
- Assets
- $2.4m
- Revenue
- $906.8k
- Investments
- $0.0
- Employees
- 13
- Location
- Burlington, VT
- Founding
- 12/1990
- Data as of
- 06/2023
- EIN
- 22-3026443
Organization Overview
Transition Ii Inc is located in Burlington, VT. The organization was established in 1990. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Transition Ii Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transition Ii Inc 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, Transition Ii Inc generated $906.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $931.0k during the year ending 06/2023. While expenses have increased by 3.5% 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
TO PROVIDE AGING VERMONTERS AND THOSE WITH DISABILITIES GUIDANCE AND SUPPORT THROUGH EMPLOYMENT, COMMUNITY INVOLVEMENT, AND HOME-CARE CHOICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ORIENTATION AND GUIDANCE FOR VERMONTERS WITH DISABILITIES WHO SELF-DIRECT THIER LONG-TERM CARE MEDICAID SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Artus Executive Director | Officer | 40 | $79,282 |
Glen Bolster Treasurer | OfficerTrustee | 0.5 | $0 |
Marsha Kuhn Trustee | OfficerTrustee | 0.5 | $0 |
Vacant President | OfficerTrustee | 0 | $0 |
Vacant Vice President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $875,600 |
| 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 | $875,600 |
| Total Program Service Revenue | $31,168 |
| 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 | $906,768 |
| 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. | $73,237 |
| Compensation of current officers, directors, key employees. | $21,971 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $492,703 |
| Pension plan accruals and contributions | $13,600 |
| Other employee benefits | $115,122 |
| Payroll taxes | $43,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,753 |
| Advertising and promotion | $1,602 |
| Office expenses | $13,200 |
| Information technology | $2,056 |
| Royalties | $0 |
| Occupancy | $57,880 |
| Travel | $19,008 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,572 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,690 |
| All other expenses | $10,799 |
| Total functional expenses | $931,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,228,296 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $93,244 |
| Accounts receivable, net | $652 |
| 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 | $80,261 |
| Total assets | $2,402,453 |
| Accounts payable and accrued expenses | $1,790 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,381,101 |
| 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 | $114,838 |
| Total liabilities | $1,497,729 |
| Net assets without donor restrictions | $904,724 |
| 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 | $2,402,453 |