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Nonprofiteer
← GREEN MOUNTAIN HIGHER EDUCATION CONSORTIUM INC

Form 990 for tax year 2022

Filed by GREEN MOUNTAIN HIGHER EDUCATION CONSORTIUM INC.

Totals

Total revenue
$5,365,368
Total expenses
$5,365,368
Contributions and grants received
$5,182,667
Grants paid
$0
Program service revenue
$182,701
Investment income
$0
Other revenue
$0
Total assets, end of year
$770,274
Total liabilities, end of year
$503,885
Net assets or fund balances, end of year
$266,389
Program services expenses (Part IX)
$4,859,404
Management and general expenses
$505,964
Fundraising expenses
$0
Program service expenses (Part III)
$4,859,404

Program services were 90.6% 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

    $5,182,049

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $618

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Rebate Income

    total $182,701 · related or exempt $182,701 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    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 $189,538 · management and general $189,538

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,324,186 · program services $1,230,799 · management and general $93,387

  • 8 · Pension plan contributions

    total $86,701 · program services $77,295 · management and general $9,406

  • 9 · Other employee benefits

    total $311,229 · program services $178,923 · management and general $132,306

  • 10 · Payroll taxes

    total $107,671 · program services $92,985 · management and general $14,686

  • 11b · Fees: legal

    total $5,829 · program services $5,829

  • 12 · Advertising and promotion

    total $11,459 · program services $11,459

  • 13 · Office expenses

    total $43,580 · program services $43,025 · management and general $555

  • 14 · Information technology

    total $20,427 · program services $20,427

  • 16 · Occupancy

    total $67,708 · program services $24,111 · management and general $43,597

  • 17 · Travel

    total $2,858 · program services $2,699 · management and general $159

  • 19 · Conferences, conventions and meetings

    total $3,347 · program services $1,931 · management and general $1,416

  • 23 · Insurance

    total $14,553 · program services $14,553

  • 24a · Other expenses: Contracted Services

    total $1,852,435 · program services $1,837,435 · management and general $15,000

  • 24b · Other expenses: Software

    total $1,312,504 · program services $1,312,504 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $11,343 · program services $5,429 · management and general $5,914

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $119,134 · end of year $762,469

  • 4 · Accounts receivable

    beginning of year $437,734 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $116,281 · end of year $4,653

  • 15 · Other assets

    beginning of year $17,596 · end of year $3,152

  • 17 · Accounts payable and accrued expenses

    beginning of year $392,638 · end of year $337,272

  • 18 · Grants payable

    end of year $0

  • 19 · Deferred revenue

    end of year $0

  • 20 · Tax-exempt bond liabilities

    end of year $0

  • 21 · Escrow or custodial account liability

    end of year $0

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    end of year $0

  • 24 · Unsecured notes and loans payable

    end of year $0

  • 25 · Other liabilities

    beginning of year $31,718 · end of year $166,613

  • 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 · 2022

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 $1,361,507 · Revenue $1,361,507

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

    Expenses $1,523,981 · Revenue $1,523,981

  • Implementing and providing shared services for the member institutions.

    Expenses $1,744,758 · Revenue $1,744,758

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

    Expenses $229,158 · Revenue $229,158

As filed on the 2022 return.

Listed in Part VII

  • David Provost

    President Emeritus

    Total calculated
    $521,419
    From this org
    $0
    From related orgs
    $419,521
    Other
    $101,898
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $402,404 related
    Bonus
    $0 + $14,286 related
    Other
    $0 + $2,831 related
    Deferred
    $0 + $64,050 related
    Nontaxable benefits
    $0 + $37,848 related
    Filer's total
    $0 + $521,419 related

  • Michael Thomas

    Secretary

    Total calculated
    $316,077
    From this org
    $0
    From related orgs
    $257,903
    Other
    $58,174
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,688 related
    Bonus
    $0 + $14,286 related
    Other
    $0 + $929 related
    Deferred
    $0 + $54,159 related
    Nontaxable benefits
    $0 + $4,015 related
    Filer's total
    $0 + $316,077 related

  • Caitlin Goss

    Secretary

    Total calculated
    $259,653
    From this org
    $0
    From related orgs
    $242,408
    Other
    $17,245
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,791 related
    Bonus
    $0 + $14,286 related
    Other
    $0 + $331 related
    Deferred
    $0 + $14,100 related
    Nontaxable benefits
    $0 + $3,145 related
    Filer's total
    $0 + $259,653 related

  • Shelley Navari

    Treasurer

    Total calculated
    $252,513
    From this org
    $0
    From related orgs
    $226,284
    Other
    $26,229
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,013 related
    Bonus
    $0 + $20,604 related
    Other
    $0 + $667 related
    Deferred
    $0 + $21,270 related
    Nontaxable benefits
    $0 + $4,959 related
    Filer's total
    $0 + $252,513 related

  • Rob S Robinson

    President

    Total calculated
    $218,178
    From this org
    $0
    From related orgs
    $178,404
    Other
    $39,774
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,404 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,613 related
    Nontaxable benefits
    $0 + $34,161 related
    Filer's total
    $0 + $218,178 related

  • Mary Lee

    People Services Strategic Leader

    Total calculated
    $142,281
    From this org
    $109,190
    From related orgs
    $0
    Other
    $33,091
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $105,527
    Bonus
    $3,000
    Other
    $663
    Deferred
    $9,406
    Nontaxable benefits
    $23,685
    Filer's total
    $142,281

  • Corrina Noelke

    Executive Director

    Total calculated
    $93,856
    From this org
    $85,728
    From related orgs
    $0
    Other
    $8,128
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $85,537
    Bonus
    $0
    Other
    $191
    Deferred
    $6,916
    Nontaxable benefits
    $1,212
    Filer's total
    $93,856

  • David Donahue

    Chief Operating Officer

    Total calculated
    $91,624
    From this org
    $80,349
    From related orgs
    $0
    Other
    $11,275
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $80,156
    Bonus
    $0
    Other
    $192
    Deferred
    $0
    Nontaxable benefits
    $11,275
    Filer's total
    $91,623

  • Caroline McBride

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tim Ford

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jon Wettstein

    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

Answered no

  • 4a · Severance or change-of-control payment
  • 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

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
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349303355

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