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Nonprofiteer
← GREEN MOUNTAIN HIGHER EDUCATION CONSORTIUM INC

Form 990 for tax year 2023

Filed by GREEN MOUNTAIN HIGHER EDUCATION CONSORTIUM INC.

Totals

Total revenue
$5,668,346
Total expenses
$5,668,346
Contributions and grants received
$5,445,998
Grants paid
$0
Program service revenue
$168,019
Investment income
$54,329
Other revenue
$0
Total assets, end of year
$978,143
Total liabilities, end of year
$711,754
Net assets or fund balances, end of year
$266,389
Program services expenses (Part IX)
$5,298,667
Management and general expenses
$369,679
Fundraising expenses
$0
Program service expenses (Part III)
$5,298,667

Program services were 93.5% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $5,502,122

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    -$56,124

  • 1g · Noncash contributions included above

    $0

  • 2f · All other program service revenue

    total $168,019 · related or exempt $168,019 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $54,329 · related or exempt $0 · unrelated business $0 · excluded $54,329

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $189,615 · management and general $189,615

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,511,667 · program services $1,507,966 · management and general $3,701

  • 8 · Pension plan contributions

    total $110,621 · program services $105,582 · management and general $5,039

  • 9 · Other employee benefits

    total $314,250 · program services $238,836 · management and general $75,414

  • 10 · Payroll taxes

    total $120,812 · program services $108,068 · management and general $12,744

  • 11b · Fees: legal

    total $4,643 · program services $3,981 · management and general $662

  • 13 · Office expenses

    total $37,473 · program services $37,305 · management and general $168

  • 14 · Information technology

    total $23 · management and general $23

  • 16 · Occupancy

    total $70,222 · program services $50,242 · management and general $19,980

  • 17 · Travel

    total $9,859 · program services $7,479 · management and general $2,380

  • 19 · Conferences, conventions and meetings

    total $4,742 · program services $1,363 · management and general $3,379

  • 23 · Insurance

    total $12,750 · program services $12,750

  • 24a · Other expenses: Contracted Services

    total $1,607,716 · program services $1,553,120 · management and general $54,596 · fundraising $0

  • 24b · Other expenses: Software

    total $1,656,983 · program services $1,656,983 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $16,970 · program services $14,992 · management and general $1,978

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $762,469 · end of year $909,335

  • 2 · Savings and temporary cash investments

    end of year $60,654

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,653 · end of year $5,002

  • 15 · Other assets

    beginning of year $3,152 · end of year $3,152

  • 17 · Accounts payable and accrued expenses

    beginning of year $337,272 · end of year $506,914

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $166,613 · end of year $204,840

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $266,389 · end of year $266,389

Mission and programs · 2023

Mission

Higher Education Consortium that helps reduce costs, while increasing service levels and efficiencies.

Activities or mission (Part I)

To create and foster collaborative opportunities by serving as an agent for economic and educational initiatives that bring value to all. This partnership is determined to find ways to reduce administrative costs and improve services common to all institutions.

  • Implementation and ongoing licensing costs of software for and with the member institutions.

    Expenses $1,569,159 · Revenue $1,569,159

  • Providing application support for software utilized by the member institutions.

    Expenses $1,500,147 · Revenue $1,500,147

  • Implementing and providing shared services for the member institutions.

    Expenses $2,079,496 · Revenue $2,079,496

  • Providing employee wellbeing programming for the employees of the member institutions.

    Expenses $149,865 · Revenue $149,865

As filed on the 2023 return.

Listed in Part VII

  • David Provost

    President Emeritus

    Total calculated
    $519,041
    From this org
    $0
    From related orgs
    $413,147
    Other
    $105,894
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,147 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $69,300 related
    Nontaxable benefits
    $0 + $36,594 related
    Filer's total
    $0 + $519,041 related

  • Shelley Navari

    Treasurer

    Total calculated
    $260,177
    From this org
    $0
    From related orgs
    $243,509
    Other
    $16,668
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,977 related
    Bonus
    $0
    Other
    $0 + $107,532 related
    Deferred
    $0 + $13,634 related
    Nontaxable benefits
    $0 + $3,034 related
    Filer's total
    $0 + $260,177 related

  • Caitlin Goss

    Secretary

    Total calculated
    $253,700
    From this org
    $0
    From related orgs
    $235,129
    Other
    $18,571
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,129 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,571 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $253,700 related

  • Rob S Robinson

    President

    Total calculated
    $225,784
    From this org
    $0
    From related orgs
    $183,995
    Other
    $41,789
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,995 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,800 related
    Nontaxable benefits
    $0 + $35,990 related
    Filer's total
    $0 + $225,785 related

  • April O'Dell

    Treasurer

    Total calculated
    $202,951
    From this org
    $0
    From related orgs
    $149,767
    Other
    $53,184
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,435 related
    Bonus
    $0
    Other
    $0 + $332 related
    Deferred
    $0 + $16,484 related
    Nontaxable benefits
    $0 + $36,700 related
    Filer's total
    $0 + $202,951 related

  • David Donahue

    Chief Operating Officer

    Total calculated
    $202,582
    From this org
    $175,014
    From related orgs
    $0
    Other
    $27,568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,600
    Bonus
    $0
    Other
    $413
    Deferred
    $9
    Nontaxable benefits
    $27,559
    Filer's total
    $202,581

  • Mary Lee

    People Services Strategic Leader

    Total calculated
    $130,689
    From this org
    $105,492
    From related orgs
    $0
    Other
    $25,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $59,938
    Bonus
    $44,871
    Other
    $683
    Deferred
    $9,044
    Nontaxable benefits
    $16,873
    Filer's total
    $131,409

  • Martha Fidalgo

    Benefits Shared Services Leader

    Total calculated
    $124,267
    From this org
    $100,123
    From related orgs
    $0
    Other
    $24,144
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $100,001
    Bonus
    $0
    Other
    $121
    Deferred
    $8,571
    Nontaxable benefits
    $15,573
    Filer's total
    $124,266

  • Tim Ford

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Metz

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Caroline McBride

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

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

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4
In calendar year 2023, Shelley Navari received a one-time payment of $107,140 pursuant to an employment agreement.

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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501359349310255

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