Vmi Inc
- Assets
- $76.3k
- Revenue
- $421.2k
- Investments
- $0.0
- Employees
- 3
- Location
- East Burke, VT
- Founding
- Data as of
- 06/2022
- EIN
- 83-3843704
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 06/2022, 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 06/2022, Vermont Mathematics Initiative generated $421.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $425.5k during the year ending 06/2022. While expenses have increased by 18.6% per year over the past 3 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
2022
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): (1) GRADUATED 36 STUDENTS FROM THE MASTER'S DEGREE PROGRAM AND ENROLLED 16 EDUCATORS INTO ITS NEWEST MASTER'S DEGREE COHORT WHICH STARTED JULY 11, 2021. DURING THIS REPORTING PERIOD, THE 'NEW' COHORT COMPLETED 12 OF THE 36 CREDITS NECESSARY TO RECEIVE THEIR MASTER'S DEGREE THROUGH SNHU. THIS COHORT JOINED A COHORT OF 20 EDUCATORS IN THEIR SECOND YEAR OF THE PROGRAM; AND, THE 36 EDUCATORS IN THEIR FINAL YEAR OF THE THREE YEAR, 36-CREDIT PROGRAM. INTERRUPTIONS CAUSED BY THE CORONAVIRUS PANDEMIC CONTINUED, WITH REMOTE INSTRUCTION EXTENDED THROUGH FALL OF 2021. (2) ENROLLED 21 PARTICIPANTS INTO ITS INAUGURAL COHORT OF THE VMI POST-MASTER'S CERTIFICATE OF GRADUATE STUDY, A 15-CREDIT, FIVE-COURSE SEQUENCE SUPPORTING MATHEMATICS LEADERS AND THOSE ASPIRING TO MATHEMATICS EDUCATION LEADERSHIP POSITIONS.
THE VMI OFFERED TWO PROFESSIONAL DEVELOPMENT, NON-DEGREE GRANTING COURSES FOR EDUCATORS: MATHEMATICAL COHERENCE IN THE ELEMENTARY GRADES AND MATHEMATICS AS A SECOND LANGUAGE. THE MATHEMATICAL COHERENCE CLASS ENROLLED 20 PARTICIPANTS (VT EDUCATORS) IN SOUTHERN VT. THE MSL COURSE WAS HELD AS PART OF ONE SCHOOL DISTRICT'S PROFESSIONAL DEVELOPMENT INSERVICE OFFERINGS AND ENROLLED 17 STUDENTS. BOTH OFFERINGS WERE HELD WITH A CREDIT OR NO CREDIT OPTION. FOR COURSE CREDIT, VMI WORKS IN PARTNERSHIP WITH SOUTHERN NH UNIVERSITY.
THE VMI PROVIDED PROFESSIONAL CONSULTING SERVICES IN SUPPORT OF MATHEMATICS TEACHING AND LEARNING AT THE MIDDLE LEVEL IN EWSD (SPECIFICALLY THE ADL AND EMS SCHOOLS). INCLUDES: --CLASSROOM BASED SUPPORT FOR TEACHERS, --INTERVENTION WORK (PLANNING, MATERIALS DEVELOPMENT, SYSTEM AND PROCESSES DEVELOPMENT), --PLC ATTENDANCE AND PLANNING, --ATTENDING AND CONTRIBUTING TO MEETINGS WITH PLC LEADERS AND ADMINISTRATION, --COLLABORATION WITH PLC LEADERS. --GENERAL SUPPORT AS NEEDED OF MIDDLE LEVEL PROGRAMS AT BOTH SCHOOLS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judi Laird Executive Director | 40 | $100,977 | |
Karen Nee Board Member | Trustee | 2 | $27,325 |
Priscilla Bremser Board Secretary | OfficerTrustee | 2 | $3,000 |
Beth Cobb Board Chair | OfficerTrustee | 3 | $0 |
Paul Smith Board Member | Trustee | 1 | $0 |
Mary Lou Gross Honorary Non-Voting Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,327 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,327 |
| Total Program Service Revenue | $378,898 |
| 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 | $421,225 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,965 |
| Pension plan accruals and contributions | $950 |
| Other employee benefits | $9,000 |
| Payroll taxes | $16,340 |
| Fees for services: Management | $2,425 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $542 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,012 |
| Advertising and promotion | $250 |
| Office expenses | $225 |
| Information technology | $2,196 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,631 |
| All other expenses | $0 |
| Total functional expenses | $425,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,253 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $76,253 |
| Accounts payable and accrued expenses | $0 |
| 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 | $72,943 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $108,600 |
| Total liabilities | $181,543 |
| Net assets without donor restrictions | -$105,290 |
| 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 | $76,253 |