Form 990 for tax year 2022
Filed by VERMONT PRINCIPALS ASSOCIATION INC.
Totals
- Total revenue
- $1,793,104
- Total expenses
- $1,786,726
- Contributions and grants received
- $572,487
- Grants paid
- $164,979
- Program service revenue
- $1,176,372
- Investment income
- $930
- Other revenue
- $43,315
- Total assets, end of year
- $1,082,941
- Total liabilities, end of year
- $120,481
- Net assets or fund balances, end of year
- $962,460
- Program services expenses (Part IX)
- $1,602,049
- Management and general expenses
- $129,534
- Fundraising expenses
- $55,143
- Program service expenses (Part III)
- $1,602,049
Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$423,946
-
1f · All other contributions, gifts and grants
$148,541
-
2a · Program service revenue: CONFERENCES
total $327,554 · related or exempt $327,554
-
2b · Program service revenue: MENTORING INCOME
total $112,637 · related or exempt $112,637
-
2c · Program service revenue: SPONSORSHIP INCOME
total $165,525 · related or exempt $165,525
-
2d · Program service revenue: TOURNAMENTS & COMMITTEES
total $570,656 · related or exempt $570,656
-
3 · Investment income
total $5,708 · excluded $5,708
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $3,594
-
7b · Less cost or other basis and sales expenses
securities $8,372
-
7c · Gain or loss
securities -$4,778
-
7d · Net gain or loss
total -$4,778 · related or exempt -$4,778
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$21,281
-
10b · Cost of goods sold
$12,807
-
10c · Net income from sales of inventory
total $8,474 · excluded $8,474
-
11a · Other revenue: MISCELLANEOUS INCOME
total $34,841 · related or exempt $34,841
-
11e · Other revenue, total
$34,841
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $151,979 · program services $151,979
-
2 · Grants to domestic individuals
total $13,000 · program services $13,000
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $149,703 · program services $121,753 · management and general $19,776 · fundraising $8,174
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $455,759 · program services $370,669 · management and general $60,206 · fundraising $24,884
-
8 · Pension plan contributions
total $47,175 · program services $38,367 · management and general $6,232 · fundraising $2,576
-
9 · Other employee benefits
total $107,381 · program services $87,368 · management and general $14,166 · fundraising $5,847
-
10 · Payroll taxes
total $51,790 · program services $41,517 · management and general $7,104 · fundraising $3,169
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $8,468 · program services $8,468
-
11c · Fees: accounting
total $3,250 · program services $2,605 · management and general $446 · fundraising $199
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $54,582 · program services $52,025 · management and general $1,767 · fundraising $790
-
12 · Advertising and promotion
total $4,237 · program services $3,397 · management and general $581 · fundraising $259
-
13 · Office expenses
total $9,050 · program services $7,255 · management and general $1,241 · fundraising $554
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $28,164 · program services $22,577 · management and general $3,863 · fundraising $1,724
-
17 · Travel
total $11,628 · program services $9,459 · management and general $1,047 · fundraising $1,122
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $220,412 · program services $209,594 · management and general $7,481 · fundraising $3,337
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,584 · program services $2,873 · management and general $492 · fundraising $219
-
23 · Insurance
total $27,156 · program services $21,769 · management and general $3,725 · fundraising $1,662
-
24a · Other expenses: TOURNAMENTS
total $300,981 · program services $300,981
-
24b · Other expenses: MENTORING
total $100,113 · program services $100,113
-
24c · Other expenses: SPONSORSHIPS
total $12,583 · program services $12,583
-
24d · Other expenses: SPECIAL SERVICES
total $6,023 · program services $6,023
-
24e · All other expenses
total $19,708 · program services $17,674 · management and general $1,407 · fundraising $627
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $243,194 · end of year $86,951
-
2 · Savings and temporary cash investments
beginning of year $441,821 · end of year $529,885
-
3 · Pledges and grants receivable
beginning of year $70,250 · end of year $0
-
4 · Accounts receivable
beginning of year $16,861 · end of year $56,553
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $1,218 · end of year $2,659
-
9 · Prepaid expenses and deferred charges
beginning of year $13,795 · end of year $20,433
-
10a · Land, buildings and equipment: cost or other basis
$27,069
-
10b · Land, buildings and equipment: accumulated depreciation
$16,773
-
10c · Land, buildings and equipment, net
beginning of year $13,880 · end of year $10,296
-
11 · Investments: publicly traded securities
beginning of year $296,824 · end of year $319,524
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $55,418 · end of year $56,640
-
17 · Accounts payable and accrued expenses
beginning of year $53,744 · end of year $16,713
-
19 · Deferred revenue
beginning of year $133,389 · end of year $62,048
-
25 · Other liabilities
beginning of year $33,505 · end of year $41,720
-
27 · Net assets without donor restrictions
beginning of year $906,706 · end of year $945,603
-
28 · Net assets with donor restrictions
beginning of year $25,917 · end of year $16,857
Mission and programs · 2022
Mission
PROVIDING EXEMPLARY PROGRAMS AND SERVICES THAT SUPPORT VERMONT'S STUDENTS AND ITS SCHOOL LEADERS.
-
Provide sponsorship of co-curricular activities that support academics and cultivate the high ideals of good citizenship, leadership and sportsmanship.
Expenses $837,535 · Revenue $736,181
-
Deliver professional development opportunities by providing professional academic and leadership components for members. The program supports best practices and models. The program also works to develop a strong networking system for members including: active regional groups, collaboration with other organizations and joint planning and peer associations.
Expenses $764,514 · Grants $164,979 · Revenue $470,254
As filed on the 2022 return.
Listed in Part VII
-
Jay NicholsJAY NICHOLS
Executive Dir.
- Total calculated
- $183,023
- From this org
- $140,868
- From related orgs
- $0
- Other
- $42,155
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $140,868
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $42,155
- Filer's total
- $183,023
-
Michael J McRaithMICHAEL J MCRAITH
ASSOC EX DIR
- Total calculated
- $140,053
- From this org
- $112,871
- From related orgs
- $0
- Other
- $27,182
- Hours/week
- 40
-
Mary RossMARY ROSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Scott TabachnickSCOTT TABACHNICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chris YoungCHRIS YOUNG
PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Sarah PickeringSARAH PICKERING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Adam BuntingADAM BUNTING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Erica LeclairERICA LECLAIR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Christie MartinCHRISTIE MARTIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Patrick GuckinPATRICK GUCKIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Annsunee SwiftANNSUNEE SWIFT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mary GuggenbergerMARY GUGGENBERGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nathan McNaughtonNATHAN MCNAUGHTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Beth O'BrienBETH O'BRIEN
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Pam ArnoldPAM ARNOLD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca FillionREBECCA FILLION
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Holly RouelleHOLLY ROUELLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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, and on a Form 990-PF Part VIII's — 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
None.
Answered no
- 4a · Severance or change-of-control payment
- 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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
-
INSIGHT EDUCATION GROUP INC
$31,500
-
$9,517
-
BURLINGTON SCHOOL DISTRICT
$7,000
-
MELIA DUNN CONSULTING LLC
$6,700
-
$6,700
-
VSADA
$5,500
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
TWO PROSPECT STREET PARTNERS LLC
RENTAL · VT · 37% owned · share of income $1,222 · general or managing partner
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 30 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333049349301148
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.