Form 990 for tax year 2024
Filed by VERMONT EMPLOYEE OWNERSHIP CENTER INC.
Totals
- Total revenue
- $263,863
- Total expenses
- $319,130
- Contributions and grants received
- $224,153
- Grants paid
- $1,650
- Program service revenue
- $38,364
- Investment income
- $1,346
- Other revenue
- $0
- Total assets, end of year
- $275,259
- Total liabilities, end of year
- $52,001
- Net assets or fund balances, end of year
- $223,258
- Program services expenses (Part IX)
- $296,724
- Management and general expenses
- $22,406
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $296,724
Program services were 93.0% 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)
$73,143
-
1f · All other contributions, gifts and grants
$151,010
-
2a · Program service revenue: Educational Event
total $28,152 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Consulting
total $2,540 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Revolving loan fund
total $3,591 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Reimbursable expenses
total $4,081 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,346 · unrelated business $0 · excluded $1,346
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,650 · program services $1,650
-
7 · Other salaries and wages
total $143,789 · program services $135,881 · management and general $7,908 · fundraising $0
-
8 · Pension plan contributions
total $6,053 · program services $5,720 · management and general $333 · fundraising $0
-
9 · Other employee benefits
total $15,214 · program services $14,377 · management and general $837 · fundraising $0
-
10 · Payroll taxes
total $13,831 · program services $13,070 · management and general $761 · fundraising $0
-
11c · Fees: accounting
total $1,851 · program services $0 · management and general $1,851 · fundraising $0
-
11g · Fees: other
total $8,119 · program services $403 · management and general $7,716 · fundraising $0
-
13 · Office expenses
total $2,424 · program services $2,424 · management and general $0 · fundraising $0
-
14 · Information technology
total $2,427 · program services $2,232 · management and general $195 · fundraising $0
-
16 · Occupancy
total $6,699 · program services $6,699 · management and general $0 · fundraising $0
-
17 · Travel
total $2,993 · program services $2,993 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $1,462 · program services $1,462 · management and general $0 · fundraising $0
-
23 · Insurance
total $3,458 · program services $769 · management and general $2,689 · fundraising $0
-
24a · Other expenses: Educational Events
total $61,327 · program services $61,327 · management and general $0 · fundraising $0
-
24b · Other expenses: Dues, pubs, fees
total $2,678 · program services $2,585 · management and general $93 · fundraising $0
-
24c · Other expenses: Staff training
total $1,012 · program services $1,012 · management and general $0 · fundraising $0
-
24d · Other expenses: Bad Debt
total $43,620 · program services $43,620 · management and general $0 · fundraising $0
-
24e · All other expenses
total $523 · program services $500 · management and general $23 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $55,777 · end of year $60,107
-
2 · Savings and temporary cash investments
beginning of year $54,842 · end of year $33,374
-
7 · Other notes and loans receivable
beginning of year $220,239 · end of year $180,228
-
15 · Other assets
beginning of year $1,550 · end of year $1,550
-
17 · Accounts payable and accrued expenses
beginning of year $6,708 · end of year $4,025
-
18 · Grants payable
end of year $801
-
19 · Deferred revenue
beginning of year $47,175 · end of year $47,175
-
27 · Net assets without donor restrictions
beginning of year $278,525 · end of year $223,258
Mission and programs · 2024
Mission
To promote and foster employee ownership in Vermont.
-
VEOC presents educational events on the topic of employee ownership and consults with business owners and employees that are exploring employee ownership options.
Expenses $296,724
As filed on the 2024 return.
Listed in Part VII
-
John Durgin
President
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris Moran
Vice President
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael Gurdon
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Elias Gardner
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Tabitha Croscut
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Jon Crystal
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
John Davis
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Keith Flaherty
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Cindy Turcot
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Nina Dinan
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Linda Rossi
Board member
- Total calculated
- $0
- Hours/week
- 0.5
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
- 28 March 2026
- IRS schema version
- 2024v5.2
- Source object
- 202600879349300420
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