Vmi Inc

Organization Overview

Vmi Inc, operating under the name Vermont Mathematics Initiative, is located in East Burke, VT. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Vermont Mathematics Initiative employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Mathematics Initiative 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 Mathematics Initiative generated $273.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $292.8k during the year ending 06/2021. While expenses have increased by 7.2% per year over the past 2 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE VMI, INC IS A MATHEMATICS EDUCATION PROFESSIONAL DEVELOPMENT ORGANIZATION DEDICATED TO IMPROVING MATHEMATICS TEACHING AND LEARNING THROUGH A VARIETY OF INITIATIVES, INCLUDING (A) THE VMI MASTERS PROGRAM - A COMPREHENSIVE PROGRAM DEDICATED TO BUILDING SYSTEMIC CAPACITY BY TRAINING CURRENT AND ASPIRING K-8 MATHEMATICS TEACHER LEADERS; (B) OUTREACH AND CONTRIBUTION TO STATEWIDE INITIATIVES IN VERMONT; (C) TARGETED MATHEMATICS EDUCATION SUPPORT TO SCHOOLS AND DISTRICTS; (D) A VARIETY OF RECERTIFICATION COURSES DESIGNED SPECIFICALLY FOR MATHEMATICS TEACHERS. VMI WORKS IN PARTNERSHIP WITH SOUTHERN NEW HAMPSHIRE UNIVERSITY (SNHU) FOR ITS CREDIT BEARING AND DEGREE GRANTING PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE VMI, IN PARTNERSHIP WITH SOUTHERN NEW HAMPSHIRE UNIVERSITY (SNHU), ENROLLED 22 EDUCATORS INTO ITS NEWEST MASTER'S DEGREE COHORT WHICH STARTED SEPTEMBER, 2020. THESE 23 EDUCATORS REPRESENT 16 VT EDUCATORS FROM ALL GEOGRAPHIC REGIONS ACROSS VERMONT AND 7 EDUCATORS FROM THE MANCHESTER, NEW HAMPSHIRE AREA. DURING THIS REPORTING PERIOD, THIS COHORT COMPLETED 2 OF THE 12 COURSES NECESSARY TO RECEIVE THEIR MASTER'S DEGREE THROUGH SNHU. THIS COHORT JOINED A COHORT OF 36 EDUCATORS ALREADY IN THEIR SECOND YEAR OF THE THREE YEAR PROGRAM. BOTH COHORTS WERE IMPACTED BY INTERRUPTIONS CAUSED BY THE CORONAVIRUS PANDEMIC. IN MARCH 2020, ALL INSTRUCTION MOVED TO A REMOTE DELIVERY AND CONTINUES REMOTE UNTIL FALL 2021. THE NEWEST COHORT WAS DELAYED TWO MONTHS IN STARTING THE PROGRAM.


THE VMI OFFERED TWO PROFESSIONAL DEVELOPMENT, NON-DEGREE GRANTING COURSES FOR EDUCATORS. ONE NEWLY DEVELOPED OFFERING ENTITLED INTRODUCTION TO CRYPTOGRAPHY WAS PILOTED (REMOTELY) DURING JUNE 2021, AND ENROLLED 9 VERMONT EDUCATORS. A SECOND COURSE, ADVANCED PROBABILITY, WAS OFFERED DURING JULY 2020 AND ENROLLED 6 EDUCATORS. BOTH OFFERINGS WERE HELD REMOTELY, IN PARTNERSHIP WITH SOUTHERN NH UNIVERSITY, AND PARTICIPANTS RECEIVED 3 GRADUATE CREDITS.


THE VMI PARTNERED WITH THE SCHOOL ADMINISTRATIVE UNIT #16 IN EXETER, NH TO PROVIDE PROFESSIONAL CONSULTING TO THAT DISTRICTS AREA SCHOOLS. THIS INCLUDED WORKSHOPS AND CLASSROOM BASED COACHING (REMOTELY) FOR ALL TEACHERS K-8 IN THE DISTRICT.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $47,035
All other contributions, gifts, grants, and similar amounts not included above$3,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$50,035
Total Program Service Revenue$223,835
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 $273,870

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