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Nonprofiteer
← CENTRAL VERMONT ADULT BASIC EDUCATION INC

Form 990 for tax year 2023

Filed by CENTRAL VERMONT ADULT BASIC EDUCATION INC.

Totals

Total revenue
$1,709,106
Total expenses
$1,579,904
Contributions and grants received
$1,664,429
Grants paid
$0
Program service revenue
$3,254
Investment income
$38,403
Other revenue
$3,020
Total assets, end of year
$1,853,346
Total liabilities, end of year
$237,218
Net assets or fund balances, end of year
$1,616,128
Program services expenses (Part IX)
$1,306,123
Management and general expenses
$198,051
Fundraising expenses
$75,730
Program service expenses (Part III)
$1,306,123

Program services were 82.7% 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.

  • 1e · Government grants (contributions)

    $1,297,239

  • 1f · All other contributions, gifts and grants

    $367,190

  • 2a · Program service revenue: EDUCATION SERVICES

    total $3,254 · related or exempt $3,254

  • 3 · Investment income

    total $38,153 · excluded $38,153

  • 7a · Gross sales of assets other than inventory

    other assets $250

  • 7c · Gain or loss

    other assets $250

  • 7d · Net gain or loss

    total $250 · related or exempt $250

  • 11a · Other revenue: MISCELLANEOUS

    total $3,020 · related or exempt $3,020

  • 11e · Other revenue, total

    $3,020

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $111,796 · program services $40,107 · management and general $55,339 · fundraising $16,350

  • 7 · Other salaries and wages

    total $770,368 · program services $675,029 · management and general $64,361 · fundraising $30,978

  • 8 · Pension plan contributions

    total $57,916 · program services $50,586 · management and general $4,852 · fundraising $2,478

  • 9 · Other employee benefits

    total $179,789 · program services $158,349 · management and general $13,294 · fundraising $8,146

  • 10 · Payroll taxes

    total $65,211 · program services $53,686 · management and general $8,211 · fundraising $3,314

  • 11c · Fees: accounting

    total $8,265 · management and general $8,265

  • 11d · Fees: lobbying

    total $11,314 · management and general $11,314

  • 11g · Fees: other

    total $51,308 · program services $37,194 · management and general $12,171 · fundraising $1,943

  • 12 · Advertising and promotion

    total $26,790 · program services $26,779 · fundraising $11

  • 14 · Information technology

    total $14,803 · program services $13,632 · management and general $961 · fundraising $210

  • 16 · Occupancy

    total $173,531 · program services $155,405 · management and general $11,835 · fundraising $6,291

  • 17 · Travel

    total $5,293 · program services $5,229 · fundraising $64

  • 22 · Depreciation, depletion and amortization

    total $12,612 · program services $10,102 · management and general $1,488 · fundraising $1,022

  • 23 · Insurance

    total $10,034 · program services $8,945 · management and general $681 · fundraising $408

  • 24a · Other expenses: FEES

    total $2,503 · program services $212 · management and general $1,911 · fundraising $380

  • 24b · Other expenses: SUPPLIES & MATERIALS

    total $56,178 · program services $52,796 · management and general $1,871 · fundraising $1,511

  • 24c · Other expenses: MISCELLANEOUS

    total $2,048 · program services $1,354 · management and general $694

  • 24d · Other expenses: PRINTING & BINDING

    total $8,279 · program services $5,862 · management and general $395 · fundraising $2,022

  • 24e · All other expenses

    total $11,866 · program services $10,856 · management and general $408 · fundraising $602

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,873 · end of year $14,341

  • 2 · Savings and temporary cash investments

    beginning of year $1,004,688 · end of year $1,188,041

  • 3 · Pledges and grants receivable

    beginning of year $302,469 · end of year $166,239

  • 4 · Accounts receivable

    beginning of year $298 · end of year $1,064

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,523 · end of year $44,358

  • 10a · Land, buildings and equipment: cost or other basis

    $93,898

  • 10b · Land, buildings and equipment: accumulated depreciation

    $57,359

  • 10c · Land, buildings and equipment, net

    beginning of year $26,061 · end of year $36,539

  • 15 · Other assets

    beginning of year $303,640 · end of year $402,764

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,469 · end of year $10,703

  • 25 · Other liabilities

    beginning of year $197,206 · end of year $226,515

  • 27 · Net assets without donor restrictions

    beginning of year $1,419,438 · end of year $1,573,724

  • 28 · Net assets with donor restrictions

    beginning of year $60,439 · end of year $42,404

Mission and programs · 2023

Mission

CENTRAL VERMONT ADULT BASIC EDUCATION, INC. (CVABE) PROVIDES ADULT EDUCATION AND LITERACY (AEL) SERVICES FOR STUDENTS THROUGHOUT THE 47 TOWNS AND CITIES OF VERMONTS WASHINGTON, ORANGE, AND LAMOILLE COUNTIES.

  • CVABE IS AN ORGANIZATION OF STUDENTS, COMMUNITY MEMBERS AND TEACHERS IN WASHINGTON, ORANGE, AND LAMOILLE COUNTIES OF VERMONT COMMITTED TO DEVELOPING, EVALUATING, AND PROVIDING ACCESSIBLE LITERACY INSTRUCTION FOR ADULTS AND TEENS IN THE BELIEF THAT A LITERATE PERSON HAS THE ESSENTIAL KEY TO SELF-UNDERSTANDING AND FOR FULL AND ACTIVE MEMBERSHIP IN THE WORLD. CENTRAL TO THE MISSION IS INVOLVING THE ENTIRE COMMUNITY IN ENCOURAGING STUDENTS EFFORTS. CVABE TEACHER COMMUNITY COORDINATORS AND MORE THAN 65 TRAINED VOLUNTEERS WORK WITH 400-500 ADULTS AND TEENS ANNUALLY. SERVICES INCLUDE BASIC SKILLS EDUCATION: READING, WRITING, MATH AND FINANCIAL AND BASIC COMPUTER LITERACY; ENGLISH LANGUAGE LEARNING AND PREPARATION FOR U.S. CITIZENSHIP; HIGH SCHOOL DIPLOMA AND GED CREDENTIAL PROGRAMS; ACADEMIC SKILL READINESS FOR WORK, TECHNICAL TRAINING AND/OR COLLEGE.

    Expenses $1,306,123 · Revenue $6,524

As filed on the 2023 return.

Listed in Part VII

  • Catherine Kalkstein

    EXECUTIVE DIRECTOR

    Total calculated
    $100,225
    From this org
    $80,650
    From related orgs
    $0
    Other
    $19,575
    Hours/week
    40

  • Jason Finley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12

  • Amanda Kay Gustin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.24

  • Libbie Moeykens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.52

  • Holley Todd Girard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • Martha Fried

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.44

  • Norman Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Seth Lipschutz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.67

  • Nancy McCann

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.73

  • Mary Grace

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.45

  • Jill Jaret-Rossi

    TREASURER

    Total calculated
    $0
    Hours/week
    0.61

  • Erin Wetherell

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.53

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403289349300700

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