Skip to content
Nonprofiteer
← VERMONT COLLEGE OF FINE ARTS INC

Form 990 for tax year 2024

Filed by VERMONT COLLEGE OF FINE ARTS INC.

Totals

Total revenue
$5,702,170
Total expenses
$9,748,453
Contributions and grants received
$856,420
Grants paid
$1,614,147
Program services expenses (Part IX)
$7,653,027
Management and general expenses
$1,820,352
Fundraising expenses
$275,074
Program service expenses (Part III)
$7,653,027

Program services were 78.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANDREW RAMSAMMY

    PRESIDENT

    Total calculated
    $150,800
    From this org
    $150,025
    From related orgs
    $0
    Other
    $775
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $125,025
    Bonus
    $25,000
    Other
    $0
    Deferred
    $750
    Nontaxable benefits
    $25
    Filer's total
    $150,800

  • MICHAEL GOLDSTEIN

    BOARD CHAIR (THRU 4/26/25)

    Total calculated
    $0
    Hours/week
    1

  • HEIDI MOHLMAN TRINGE

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHEBON MARSHALL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CATHERINE CARVELLI

    TRUSTEE (THRU 8/2/24)

    Total calculated
    $0
    Hours/week
    1

  • MELISSA COBB

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PAUL CRONSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOAN GRUBIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MIKE HOGAN

    TRUSTEE (THRU 8/2/24)

    Total calculated
    $0
    Hours/week
    1

  • STEVEN HOLLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATE HOSFORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BARRY JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CASPER MARTIN

    TRUSTEE (THRU 8/2/24)

    Total calculated
    $0
    Hours/week
    1

  • ALEXANDRA MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE PATERSON

    TRUSTEE (THRU 8/2/24)

    Total calculated
    $0
    Hours/week
    1

  • TINA PERRY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RAVI RAJAN

    TRUSTEE

    Total calculated
    $576,732
    From this org
    $0
    From related orgs
    $527,441
    Other
    $49,291
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $527,265 related
    Bonus
    $0
    Other
    $0 + $176 related
    Deferred
    $0 + $30,830 related
    Nontaxable benefits
    $0 + $18,461 related
    Filer's total
    $0 + $576,732 related

  • MICHAEL ROSENFELD

    TRUSTEE (THRU 8/2/24)

    Total calculated
    $0
    Hours/week
    1

  • MARK SWICEGOOD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFF WIGGINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LORI HUSEIN

    CFO, TREASURER (AS OF 8/2/24)

    Total calculated
    $382,762
    From this org
    $0
    From related orgs
    $346,945
    Other
    $35,817
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $345,890 related
    Bonus
    $0
    Other
    $0 + $1,055 related
    Deferred
    $0 + $22,889 related
    Nontaxable benefits
    $0 + $12,928 related
    Filer's total
    $0 + $382,762 related

  • KATIE GUSTAFSON

    CFO (THRU 5/9/25)

    Total calculated
    $200,294
    From this org
    $196,195
    From related orgs
    $0
    Other
    $4,099
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $115,222
    Bonus
    $0
    Other
    $80,973
    Deferred
    $3,306
    Nontaxable benefits
    $793
    Filer's total
    $200,294

  • EDWARD ANDREAS NASSER

    SECRETARY

    Total calculated
    $141,062
    From this org
    $0
    From related orgs
    $129,741
    Other
    $11,321
    Hours/week
    7.5 + 50 related

  • KATHERINE PALARDY

    CONTROLLER

    Total calculated
    $135,622
    From this org
    $107,946
    From related orgs
    $0
    Other
    $27,676
    Hours/week
    35

  • KATIE RASMUSSEN

    DEAN OF STUDENTS

    Total calculated
    $120,220
    From this org
    $107,799
    From related orgs
    $0
    Other
    $12,421
    Hours/week
    35

  • MARY-KIM ARNOLD

    DEAN OF FACULTY

    Total calculated
    $131,344
    From this org
    $103,704
    From related orgs
    $0
    Other
    $27,640
    Hours/week
    35

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
KATIE GUSTAFSON WAS PAID SEVERANCE AS THE POSITION OF VP FOR FINANCE AND ADMINISTRATION WAS ELIMINATED WHEN VCFA PARTNERED WITH CALARTS. DUE TO THE AFFILIATION WITH CALARTS, SEVERAL POSITIONS WERE ELIMINATED, AND THERE WAS A STANDARD SEVERANCE PACKAGE OFFERED TO ALL EMPLOYEE AFFECTED.
PART I, LINE 7
THE PRESIDENT RECEIVED A NON-FIXED PAYMENT DETERMINED BY THE BOARD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2026
IRS schema version
2024v5.5
Source object
202621279349303402

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.