Form 990 for tax year 2024
Filed by VERMONT ASSOCIATION OF BUSINESS INDUSTRY & REHABILITATION INC.
Totals
- Total revenue
- $7,493,701
- Total expenses
- $8,090,223
- Contributions and grants received
- $6,958,217
- Grants paid
- $0
- Program service revenue
- $532,762
- Investment income
- $2,722
- Other revenue
- $0
- Total assets, end of year
- $1,756,419
- Total liabilities, end of year
- $575,543
- Net assets or fund balances, end of year
- $1,180,876
- Program services expenses (Part IX)
- $7,555,715
- Management and general expenses
- $534,508
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,555,715
Program services were 93.4% 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)
$6,958,217
-
2a · Program service revenue: Other service
total $532,762 · unrelated business $0 · excluded $0
-
3 · Investment income
total $2,717 · unrelated business $0 · excluded $2,717
-
7a · Gross sales of assets other than inventory
securities $5
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $5
-
7d · Net gain or loss
total $5 · related or exempt $0 · unrelated business $0 · excluded $5
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $104,252 · program services $100,028 · management and general $4,224 · fundraising $0
-
7 · Other salaries and wages
total $5,302,934 · program services $5,088,089 · management and general $214,845 · fundraising $0
-
8 · Pension plan contributions
total $87,908 · program services $84,346 · management and general $3,562 · fundraising $0
-
9 · Other employee benefits
total $919,188 · program services $881,948 · management and general $37,240 · fundraising $0
-
10 · Payroll taxes
total $451,052 · program services $432,778 · management and general $18,274 · fundraising $0
-
12 · Advertising and promotion
total $27,971 · program services $10,441 · management and general $17,530 · fundraising $0
-
13 · Office expenses
total $112,132 · program services $23,961 · management and general $88,171 · fundraising $0
-
16 · Occupancy
total $512,346 · program services $477,981 · management and general $34,365 · fundraising $0
-
17 · Travel
total $160,104 · program services $145,786 · management and general $14,318 · fundraising $0
-
23 · Insurance
total $26,417 · program services $0 · management and general $26,417 · fundraising $0
-
24a · Other expenses: Contract services
total $368,969 · program services $298,407 · management and general $70,562 · fundraising $0
-
24b · Other expenses: Staff recruiting
total $6,634 · program services $6,634 · management and general $0 · fundraising $0
-
24c · Other expenses: Repairs & Maint.
total $5,000 · program services $0 · management and general $5,000 · fundraising $0
-
24e · All other expenses
total $5,316 · program services $5,316 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $297,340 · end of year $683,219
-
2 · Savings and temporary cash investments
beginning of year $86,909 · end of year $90,196
-
4 · Accounts receivable
beginning of year $1,783,759 · end of year $791,432
-
9 · Prepaid expenses and deferred charges
beginning of year $13,222 · end of year $111,954
-
10a · Land, buildings and equipment: cost or other basis
$29,460
-
10b · Land, buildings and equipment: accumulated depreciation
$29,460
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
14 · Intangible assets
end of year $79,618
-
17 · Accounts payable and accrued expenses
beginning of year $404,397 · end of year $387,849
-
19 · Deferred revenue
beginning of year $0 · end of year $108,076
-
25 · Other liabilities
beginning of year $0 · end of year $79,618
-
27 · Net assets without donor restrictions
beginning of year $1,776,833 · end of year $1,180,876
Mission and programs · 2024
Mission
It is Vabirs mission to help employers meet their staffing needs for a stable skilled Workforce and to advocate public and private policies that encourage and increase access for persons with disabilities in the work environment.
-
Placement and training of persons with disabilities.
Expenses $7,555,715 · Revenue $7,490,979
As filed on the 2024 return.
Listed in Part VII
-
Chris McCarthy
Executive Director
- Total calculated
- $110,779
- From this org
- $99,553
- From related orgs
- $0
- Other
- $11,226
- Hours/week
- 40
-
Cathy Chamberlain
President
- Total calculated
- $0
- Hours/week
- 2
-
David Leinaweaver
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Meghan Gowland
Member
- Total calculated
- $0
- Hours/week
- 2
-
Maghon Luman
Member
- Total calculated
- $0
- Hours/week
- 2
-
Pat Nagy
Member
- Total calculated
- $0
- Hours/week
- 2
-
Dan Petherbridge
Member
- Total calculated
- $0
- Hours/week
- 2
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 August 2026
- IRS schema version
- 2024v5.2
- Source object
- 202632259349301898
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