Vermont Permanency Initiative Inc
- Assets
- $11.2m
- Revenue
- $16.3m
- Investments
- $0.0
- Employees
- 316
- Location
- Plymouth, NH
- Founding
- 09/2014
- Data as of
- 06/2021
- 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 06/2021, Vermont Permanency Initiative Inc employed 316 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 06/2021, Vermont Permanency Initiative Inc generated $16.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $12.9m during the year ending 06/2021. 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
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 |
|---|---|---|---|
Laurae Baker Vice President | Officer | 40 | $173,512 |
Steven Lussier Executive Director | 40 | $120,706 | |
Catherine Redlein Clinical Director | 40 | $101,550 | |
Jeffrey Caron President | Officer | 10 | $93,462 |
Jeff Park Secretary | Officer | 1 | $0 |
John Sears CFO | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simon Construction Co Llc Construction | 6/29/19 | $334,750 |
Besemer Builders Construction | 6/29/19 | $188,018 |
Becket Academy Management Fees | 6/29/19 | $185,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,245,648 |
| All other contributions, gifts, grants, and similar amounts not included above | $6 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,245,654 |
| Total Program Service Revenue | $14,003,040 |
| Investment income | $7,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $51,876 |
| 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 | $16,308,251 |
| 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. | $298,575 |
| Compensation of current officers, directors, key employees. | $50,795 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,659,619 |
| Pension plan accruals and contributions | $121,727 |
| Other employee benefits | $1,276,701 |
| Payroll taxes | $624,661 |
| Fees for services: Management | $228,759 |
| Fees for services: Legal | $10,000 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,154 |
| Advertising and promotion | $26,750 |
| Office expenses | $960,686 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $495,256 |
| Travel | $150,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,023 |
| Interest | $173,991 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $561,325 |
| Insurance | $119,609 |
| All other expenses | $0 |
| Total functional expenses | $12,928,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,280 |
| Savings and temporary cash investments | $3,789,289 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,783,384 |
| 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 | $51,018 |
| Net Land, buildings, and equipment | $5,492,729 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,154,700 |
| Accounts payable and accrued expenses | $1,329,962 |
| 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 | $3,158,165 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $258,598 |
| Total liabilities | $4,746,725 |
| Net assets without donor restrictions | $6,407,975 |
| 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 | $11,154,700 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vermont Permanency Initiative Inc has recieved totaling $6.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Vermont Permanency Initiative Inc Plymouth, NH | $11,154,700 | $16,308,251 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Ymca Alliance Of Maine Boothbay Harbor, ME | $858,962 | $3,334,346 |
Trinity Boston Connects Boston, MA | $4,581,489 | $3,567,141 |
Louis D Brown Peace Institute Corporation Dorchester, MA | $1,027,011 | $3,109,288 |
Clubhouse Network Inc Roxbury, MA | $6,150,847 | $2,774,548 |
Mv Youth Inc Chilmark, MA | $4,021,572 | $2,223,443 |
Youthbuild Boston Inc Roxbury, MA | $1,476,486 | $2,458,881 |
Hurricane Island Foundation Rockland, ME | $2,589,539 | $2,820,272 |