Form 990 for tax year 2023

Totals

Total revenue

$4,372,036

Total expenses

$4,260,645

Contributions and grants received

$4,228,564

Grants paid

$1,847,614

Program service revenue

$143,472

Investment income

$0

Other revenue

$0

Total assets, end of year

$1,251,599

Total liabilities, end of year

$1,103,508

Net assets or fund balances, end of year

$148,091

Program services expenses (Part IX)

$4,163,728

Management and general expenses

$94,237

Fundraising expenses

$2,680

Program service expenses (Part III)

$4,163,728

Program services were 97.7% 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.

Mission and programs · 2023

• WORKFORCE DEVELOPMENT: VTAEYC WORKS TO CREATE AND SUPPORT THE SKILLED AND DYNAMIC WORKFORCE NEEDED TO PROVIDE HIGH-QUALITY EARLY CHILDHOOD EDUCATION (ECE) TO VERMONT'S CHILDREN. OUR WORKFORCE DEVELOPMENT PROGRAMS INCLUDE TEACHER EDUCATION AND COMPENSATION HELPS (T.E.A.C.H.), APPRENTICESHIP, AND THE STUDENT LOAN REPAYMENT ASSISTANCE PROGRAM. T.E.A.C.H., IS AN EVIDENCE-BASED SCHOLARSHIP PROGRAM DESIGNED TO MAKE EDUCATION AFFORDABLE AND ACCESSIBLE FOR THOSE WORKING IN ECE. VERMONT'S T.E.A.C.H. PROGRAM CURRENTLY SUPPORTS EDUCATORS SEEKING APPRENTICESHIP, ASSOCIATE IN ARTS (AAS), AND TEACHER LICENSURE; VTAEYC ADDED A BACHELOR'S DEGREE IN FALL 2021. VTAEYC AND THE VERMONT DEPARTMENT OF LABOR (VT DOL) COLLABORATE TO OFFER THE VERMONT ECE APPRENTICESHIP PROGRAM. APPRENTICES DOCUMENT 4,000 HOURS OF SUPERVISED ON-THE-JOB TRAINING AND COMPLETE A SPECIFIC SEQUENCE OF SIX COLLEGE COURSES. IN FISCAL YEAR 2022, VTAEYC OFFERED THE FIRST FULL SCHOOL YEAR OF A PRE- APPRENTICESHIP PROGRAM TO BUILD A PIPELINE FROM HIGH SCHOOL INTO THE ECE WORKFORCE; STUDENTS ENROLLED IN CAREER AND TECHNICAL EDUCATION GET TRAINING AND PRACTICAL EXPERIENCE AS THEY WORK IN CHILD CARE PROGRAMS AND EARN HOURS TOWARDS A REGISTERED APPRENTICESHIP. IN JANUARY 2022, VTAEYC EARNED A CONTRACT FROM THE STATE OF VERMONT TO OFFER A STUDENT LOAN REPAYMENT ASSISTANCE PROGRAM FOR CERTAIN EARLY CHILDHOOD EDUCATORS. THE PROGRAM WAS DESIGNED AND DEVELOPED FROM JANUARY TO APRIL 2022; APPLICATIONS OPENED IN MAY 2022. THE FIRST PAYMENTS TO EARLY CHILDHOOD EDUCATORS OCCURRED DURING THE YEAR ENDING JUNE 30, 2023.

  Expenses $3,755,308 · Grants $1,872,853

• PROFESSIONAL DEVELOPMENT: VTAEYC OFFERS PROFESSIONAL DEVELOPMENT SUPPORTS TO ADVANCE EARLY CHILDHOOD EDUCATORS' PROFESSIONAL PRACTICE AND PROMOTE HIGH-QUALITY EARLY CHILDHOOD EDUCATION PROGRAMS. EACH YEAR, VTAEYC HOSTS VERMONT'S LARGEST ECE PROFESSIONAL DEVELOPMENT EVENT, AN ANNUAL FALL CONFERENCE, AND HELPS PLAN THE ANNUAL KINDERGARTEN CONFERENCE.

  Expenses $298,649 · Grants $182,439 · Revenue $143,472

• MEMBERSHIP: VTAEYC MEMBERS ARE THE HEART OF THE ORGANIZATION, AND OUR MEMBERSHIP PROGRAM OFFERS BENEFITS IN COLLABORATION WITH NAEYC. IN PARTNERSHIP WITH AND IN SERVICE TO OUR MEMBERS, VTAEYC WORKS TO INFORM, EDUCATE, AND REPRESENT EARLY CHILDHOOD EDUCATORS WITH THE LEGISLATURE, STATE ADMINISTRATION, AND OTHER EARLY CHILDHOOD STAKEHOLDER GROUPS.

  Expenses $11,121

• FISCAL AGENT FOR ECE PROJECTS: IN 2022, VTAEYC PARTNERED WITH LET'S GROW KIDS TO SERVE AS THE FISCAL AGENT FOR TEN VERMONT EARLY CHILDHOOD NETWORKS, REGIONAL GROUPS OF PRIMARILY FAMILY CHILD CARE PROGRAMS. PROFESSIONAL DEVELOPMENT AND QUALITY GRANTS AND BONUSES: VTAEYC ALSO ADMINISTERS THE VERMONT CHILD DEVELOPMENT DIVISION PROFESSIONAL DEVELOPMENT AND QUALITY GRANTS, LEVEL CERTIFICATE BONUSES, AND STEP AHEAD RECOGNITION SYSTEM (STARS) BONUSES ON BEHALF OF THE STATE.

  Expenses $98,650 · Grants $9,426

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

• VERMONT STATE COLLEGES

  $139,934

  GRANTS & SCHOLARSHIP

• VT HIGHER ED COLLABORATIVE INC

  $52,146

  GRANTS & SCHOLARSHIP

Provenance

Return type

form_990

Tax year

2023

Filed

17 April 2025

IRS schema version

2023v6.0

Source object

202511199349302501

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