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Nonprofiteer
← VERMONT ACHIEVEMENT CENTER INC

Form 990 for tax year 2024

Filed by VERMONT ACHIEVEMENT CENTER INC.

Totals

Total revenue
$4,872,451
Total expenses
$3,840,478
Contributions and grants received
$1,551,726
Grants paid
$0
Program service revenue
$2,987,375
Investment income
$310,812
Other revenue
$22,538
Total assets, end of year
$3,939,965
Total liabilities, end of year
$172,196
Net assets or fund balances, end of year
$3,767,769
Program services expenses (Part IX)
$2,884,301
Management and general expenses
$849,005
Fundraising expenses
$107,172
Program service expenses (Part III)
$2,884,301

Program services were 75.1% 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)

    $382,679

  • 1f · All other contributions, gifts and grants

    $1,169,047

  • 2a · Program service revenue: TUITION & SERVICE FEES

    total $2,668,095 · related or exempt $2,668,095

  • 2b · Program service revenue: CONSULTING INCOME

    total $166,260 · related or exempt $166,260

  • 2c · Program service revenue: TRANSPORTATION & MEAL INCOME

    total $91,848 · related or exempt $91,848

  • 2d · Program service revenue: POOL INCOME

    total $61,172 · related or exempt $61,172

  • 3 · Investment income

    total $30,111 · excluded $30,111

  • 6a · Gross rents

    real property $78,713

  • 6b · Less rental expenses

    real property $56,175

  • 6c · Rental income or loss

    real property $22,538

  • 6d · Net rental income or loss

    total $22,538 · excluded $22,538

  • 7a · Gross sales of assets other than inventory

    other assets $601,500

  • 7b · Less cost or other basis and sales expenses

    other assets $320,799

  • 7c · Gain or loss

    other assets $280,701

  • 7d · Net gain or loss

    total $280,701 · excluded $280,701

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $123,989 · management and general $123,989

  • 7 · Other salaries and wages

    total $2,077,242 · program services $1,620,249 · management and general $394,676 · fundraising $62,317

  • 8 · Pension plan contributions

    total $32,038 · program services $24,990 · management and general $6,087 · fundraising $961

  • 9 · Other employee benefits

    total $308,655 · program services $240,751 · management and general $58,644 · fundraising $9,260

  • 10 · Payroll taxes

    total $179,506 · program services $140,015 · management and general $34,106 · fundraising $5,385

  • 11b · Fees: legal

    total $2,214 · program services $1,749 · management and general $399 · fundraising $66

  • 11c · Fees: accounting

    total $76,909 · program services $60,758 · management and general $13,844 · fundraising $2,307

  • 11g · Fees: other

    total $210,864 · program services $166,583 · management and general $37,955 · fundraising $6,326

  • 12 · Advertising and promotion

    total $1,728 · program services $1,348 · management and general $380

  • 13 · Office expenses

    total $63,854 · program services $31,288 · management and general $32,566

  • 14 · Information technology

    total $22,165 · program services $10,861 · management and general $11,304

  • 16 · Occupancy

    total $170,619 · program services $165,500 · management and general $5,119

  • 17 · Travel

    total $11,386 · program services $11,272 · management and general $114

  • 22 · Depreciation, depletion and amortization

    total $75,440 · program services $51,299 · management and general $24,141

  • 23 · Insurance

    total $123,464 · program services $77,782 · management and general $35,804 · fundraising $9,878

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $179,455 · program services $177,660 · management and general $1,795

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $117,887 · program services $57,765 · management and general $60,122

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $20,523 · program services $5,952 · management and general $3,899 · fundraising $10,672

  • 24d · Other expenses: TRAINING AND EDUCATION

    total $19,954 · program services $18,956 · management and general $998

  • 24e · All other expenses

    total $22,586 · program services $19,523 · management and general $3,063

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,384,819 · end of year $2,316,457

  • 3 · Pledges and grants receivable

    beginning of year $34,738 · end of year $54,984

  • 4 · Accounts receivable

    beginning of year $395,499 · end of year $223,969

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,199 · end of year $43,103

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

    $4,896,418

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

    $3,613,746

  • 10c · Land, buildings and equipment, net

    beginning of year $931,782 · end of year $1,282,672

  • 15 · Other assets

    beginning of year $334,909 · end of year $18,780

  • 17 · Accounts payable and accrued expenses

    beginning of year $141,952 · end of year $172,196

  • 23 · Secured mortgages and notes payable

    beginning of year $245,198

  • 27 · Net assets without donor restrictions

    beginning of year $2,735,796 · end of year $3,767,769

Mission and programs · 2024

Mission

THROUGH FLEXIBLE, DIVERSE AND RESPONSIVE PROGRAMS, VERMONT ACHIEVEMENT CENTER, INC. (VAC) PROVIDES A FOUNDATION OF LIFE SKILLS TO PREPARE INDIVIDUALS TO REACH THEIR FULL POTENTIAL AS CONTRIBUTING MEMBERS OF SOCIETY. ALL PEOPLE ARE CAPABLE OF CHANGE. INDIVIDUALS FLOURISH BECAUSE THEY ARE NURTURED, VALUED AND TREATED WITH RESPECT. EDUCATION IS EMPOWERING. THE FAMILY IS THE PRIMARY INFLUENCE IN A PERSONS LIFE. CHILDREN BELONG IN A FAMILY. FAMILIES ARE ENHANCED BY SUPPORT OF THE COMMUNITY. CHILDREN AND FAMILY SERVICES ARE FLEXIBLE AND RESPONSIVE TO CHANGING NEEDS.

Activities or mission (Part I)

THROUGH FLEXIBLE, DIVERSE, AND RESPONSIVE PROGRAMS, VERMONT ACHIEVEMENT CENTER, INC. (VAC) PROVIDES A FOUNDATION OF LIFE SKILLS TO PREPARE INDIVIDUALS TO REACH THEIR FULL POTENTIAL AS CONTRIBUTING MEMBERS OF SOCIETY. ALL PEOPLE ARE CAPABLE OF CHANGE, INDIVIDUALS FLOURISH BECAUSE THEY ARE NURTURED, VALUED AND TREATED WITH RESPECT, EDUCATION IS EMPOWERING. THE FAMILY IS THE PRIMARY INFLUENCE IN A PERSON'S LIFE, CHILDREN BELONG IN A FAMILY, FAMILIES ARE ENHANCED BY SUPPORT OF THE COMMUNITY, CHILDREN AND FAMILY SERVICES ARE FLEXIBLE AND RESPONSIVE TO CHANGING NEEDS.

  • VERMONT ACHIEVEMENT CENTER'S EARLY EDUCATION AND CARE PROGRAM OFFERS A VARIETY OF ENRICHING QUALITY CARE PROGRAMS FOR INFANTS, TODDLERS, AND PRESCHOOL-AGED CHILDREN. VAC'S PROGRAMS WORK TO BRING CHILDREN TOGETHER IN AN ENRICHING DEVELOPMENTALLY APPROPRIATE LEARNING ENVIRONMENT TO HELP PROMOTE INDEPENDENCE, SELF-ESTEEM, AND GROWTH IN AREAS OF MOTOR SKILLS, LANGUAGE AND LITERACY, PLAY SKILLS, AND SOCIAL COMPETENCY. WE ALSO ASSIST CHILDREN SIX-WEEKS TO TWELVE-YEARS OF AGE BY PROVIDING NUTRITIOUS MEALS AND SNACKS THROUGHOUT THE DAY. IN ADDITION TO OUR EDUCATIONAL CLASSROOMS, WE ALSO PROVIDE PLAYGROUND, GYMNASIUM AND SWIMMING SERVICES. VAC'S SHELDON ACADEMY OFFERS A SPECIAL EDUCATION PROGRAM AND THERAPEUTIC SUMMER PROGRAM FOR KIDS GRADES K-8 THAT MEET THE INDIVIDUAL NEEDS OF STUDENTS WITH SPECIAL NEEDS. OUR EXPERIENCED STAFF WORK TO MAKE SURE CHILDREN RECEIVE THE THERAPY AND EDUCATIONAL SUPERVISION THEY NEED. ANOTHER RESOURCE WE PROVIDE IS THE MITCHELL THERAPY POOL AT VAC WHICH IS AN INDOOR, HEATED AND SPECIALLY EQUIPPED THERAPY POOL. IT IS THE ONLY THERAPY POOL IN CENTRAL VERMONT. WITH WARM WATER AND SPECIALIZED RAMPS, THE POOL PROVIDES THERAPEUTIC SWIMMING FOR CHILDREN AND ADULTS OF ALL ABILITIES.

    Expenses $2,884,301 · Revenue $2,987,375

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARK MOSSEY

    PRESIDENT &

    Total calculated
    $118,515
    From this org
    $105,221
    From related orgs
    $0
    Other
    $13,294
    Hours/week
    40

  • KAREN PEZZETTI

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • LYNN KLAMM

    VICE CHAIR/S

    Total calculated
    $0
    Hours/week
    0.25

  • ALYSSA FLYNN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • JIM ANDERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • MIKE LAMARRE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • ANDREA MCNEIL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • ELIZABETH YADDOW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • JUSTIN CARLSTROM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • JILL ALDERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

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.

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
2024
Filed
23 January 2026
IRS schema version
2024v5.0
Source object
202640269349300409

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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