Vermont Permanency Initiative Inc
- Assets
- $13.0m
- Revenue
- $14.5m
- Investments
- $0.0
- Employees
- 279
- Location
- Plymouth, NH
- Founding
- 09/2014
- Data as of
- 06/2022
- EIN
- 46-1549267
Organization Overview
Vermont Permanency Initiative Inc is located in Plymouth, NH. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Vermont Permanency Initiative Inc employed 279 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Permanency Initiative 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 06/2022, Vermont Permanency Initiative Inc generated $14.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $12.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH, ORGANIZE, MAINTAIN AND CONDUCT A PROGRAM FOR THE EDUCATION AND TREATMENT OF YOUTH IN THE STATE OF VERMONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESIDENTIAL TREATMENT AND RELATED EDUCATION AND ANCILLARY SERVICES TO ADOLESCENTS AND YOUNG ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Bannon Trustee | Trustee | 1 | $0 |
Amy Egbert Trustee | Trustee | 1 | $0 |
Denise Pickering Trustee | Trustee | 1 | $0 |
Andrew Ribolini Trustee | Trustee | 1 | $0 |
Kendall Turner Trustee | Trustee | 1 | $0 |
Timothy Wolff Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Becket Academy Management Fees | 6/29/22 | $160,000 |
All-access Infotech Llc Information Technology | 6/29/22 | $128,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $353,050 |
| All other contributions, gifts, grants, and similar amounts not included above | $14 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $353,064 |
| Total Program Service Revenue | $14,129,918 |
| Investment income | $753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,458 |
| Net Gain/Loss on Asset Sales | -$2,280 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,500,913 |
| 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. | $397,704 |
| Compensation of current officers, directors, key employees. | $77,828 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,001,320 |
| Pension plan accruals and contributions | $114,498 |
| Other employee benefits | $1,166,278 |
| Payroll taxes | $627,955 |
| Fees for services: Management | $28,900 |
| Fees for services: Legal | $49,995 |
| Fees for services: Accounting | $13,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,052 |
| Advertising and promotion | $2,512 |
| Office expenses | $874,956 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $477,436 |
| Travel | $147,601 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $102,849 |
| Interest | $138,191 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $535,234 |
| Insurance | $97,816 |
| All other expenses | $0 |
| Total functional expenses | $12,258,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,400 |
| Savings and temporary cash investments | $5,449,856 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,654,858 |
| 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 | $170,957 |
| Net Land, buildings, and equipment | $5,329,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $366,953 |
| Total assets | $12,996,079 |
| Accounts payable and accrued expenses | $1,240,921 |
| 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 | $2,913,734 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $190,775 |
| Total liabilities | $4,345,430 |
| Net assets without donor restrictions | $8,650,649 |
| 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 | $12,996,079 |