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Nonprofiteer
← CENTRAL VERMONT ADULT BASIC EDUCATION INC

Form 990 for tax year 2022

Filed by CENTRAL VERMONT ADULT BASIC EDUCATION INC.

Totals

Total revenue
$1,570,219
Total expenses
$1,549,217
Contributions and grants received
$1,550,233
Grants paid
$0
Program service revenue
$4,681
Investment income
$7,276
Other revenue
$8,029
Total assets, end of year
$1,684,552
Total liabilities, end of year
$204,675
Net assets or fund balances, end of year
$1,479,877
Program services expenses (Part IX)
$1,256,867
Management and general expenses
$187,807
Fundraising expenses
$104,543
Program service expenses (Part III)
$1,256,867

Program services were 81.1% 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)

    $1,281,904

  • 1f · All other contributions, gifts and grants

    $268,329

  • 2a · Program service revenue: EDUCATION SERVICES

    total $4,681 · related or exempt $4,681

  • 3 · Investment income

    total $7,276 · excluded $7,276

  • 11a · Other revenue: MISCELLANEOUS

    total $8,029 · related or exempt $8,029

  • 11e · Other revenue, total

    $8,029

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $115,208 · program services $21,068 · management and general $73,072 · fundraising $21,068

  • 7 · Other salaries and wages

    total $747,821 · program services $627,610 · management and general $64,185 · fundraising $56,026

  • 8 · Pension plan contributions

    total $54,546 · program services $46,396 · management and general $3,668 · fundraising $4,482

  • 9 · Other employee benefits

    total $162,846 · program services $151,189 · management and general $1,194 · fundraising $10,463

  • 10 · Payroll taxes

    total $63,298 · program services $49,214 · management and general $8,581 · fundraising $5,503

  • 11c · Fees: accounting

    total $6,865 · management and general $6,865

  • 11d · Fees: lobbying

    total $5,873 · management and general $5,873

  • 11g · Fees: other

    total $107,685 · program services $99,919 · management and general $4,793 · fundraising $2,973

  • 12 · Advertising and promotion

    total $17,446 · program services $16,843 · management and general $566 · fundraising $37

  • 14 · Information technology

    total $15,893 · program services $14,897 · management and general $557 · fundraising $439

  • 16 · Occupancy

    total $168,273 · program services $162,392 · management and general $4,610 · fundraising $1,271

  • 17 · Travel

    total $5,002 · program services $4,649 · management and general $353

  • 22 · Depreciation, depletion and amortization

    total $11,568 · program services $9,266 · management and general $1,365 · fundraising $937

  • 23 · Insurance

    total $10,562 · program services $8,879 · management and general $1,656 · fundraising $27

  • 24a · Other expenses: FEES

    total $2,094 · program services $416 · management and general $1,505 · fundraising $173

  • 24b · Other expenses: SUPPLIES & MATERIALS

    total $37,498 · program services $36,008 · management and general $933 · fundraising $557

  • 24c · Other expenses: MISCELLANEOUS

    total $8,822 · program services $846 · management and general $7,976

  • 24d · Other expenses: PRINTING & BINDING

    total $4,211 · program services $4,100 · management and general $55 · fundraising $56

  • 24e · All other expenses

    total $3,706 · program services $3,175 · fundraising $531

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,359 · end of year $7,873

  • 2 · Savings and temporary cash investments

    beginning of year $1,132,933 · end of year $1,004,688

  • 3 · Pledges and grants receivable

    beginning of year $163,556 · end of year $302,469

  • 4 · Accounts receivable

    end of year $298

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,960 · end of year $39,523

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

    $92,356

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

    $66,295

  • 10c · Land, buildings and equipment, net

    beginning of year $18,470 · end of year $26,061

  • 15 · Other assets

    beginning of year $100,038 · end of year $303,640

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,951 · end of year $7,469

  • 25 · Other liabilities

    beginning of year $40 · end of year $197,206

  • 27 · Net assets without donor restrictions

    beginning of year $1,393,330 · end of year $1,419,438

  • 28 · Net assets with donor restrictions

    beginning of year $56,995 · end of year $60,439

Mission and programs · 2022

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, ORGANGE, AND LAMOILLE COUNTIES.

  • CVABE IS AN ORGANIZATION OF STUDENTS, COMMUNITY MEMBERS AND TEACHERS IN WASHINGTON, ORANGE, AND LAMOILLE COUNTIES OF VERMONT COMMITED 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 70 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 $1,256,867 · Revenue $12,710

As filed on the 2022 return.

Listed in Part VII

  • Carol Shults-Perkins

    EXECUTIVE DIRECTOR-FORMER

    Total calculated
    $59,451
    From this org
    $50,713
    From related orgs
    $0
    Other
    $8,738
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $50,713
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,172
    Nontaxable benefits
    $5,566
    Filer's total
    $59,451

  • Catherine Kalkstein

    EXECUTIVE DIRECTOR

    Total calculated
    $44,882
    From this org
    $36,884
    From related orgs
    $0
    Other
    $7,998
    Hours/week
    40

  • Seth Lipschutz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19

  • Libbie Moeykens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.44

  • Amanda Kay Gustin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.69

  • Martha Fried

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Lisa Culbertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12

  • Sherry Barnard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • Jill Jaret-Rossi

    TREASURER

    Total calculated
    $0
    Hours/week
    0.68

  • Mary Grace

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.93

  • Nancy McCann

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.41

  • Erin Wetherell

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.56

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

  • 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 February 2024
IRS schema version
2022v5.0
Source object
202410419349300601

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