Vermont Nea INC FY2024 filing

Not tax-deductible

Montpelier, VT501(c)(5)Since 1850Mutual / membership EIN 03-0276708Revenue $6.6M in FY2024Latest return filed Jun 11, 2026

On file with the IRSvtnea.orgMontpelier, VTTax-exempt since Aug 1971

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Vermont-Nea is a statewide teachers association organized to negotiate teachers' contracts, promote professionalism among teachers, and improve the quality of education of Vermont.

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
$992K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $199K a year · 3% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$992K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Plus $4.0M in investments, Pt X · Ln 11–13
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $857K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 19 voting members
Looks good: 17 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.6M
-2% vs prior year
Spent
$6.6M
To programs
0%
Net assets
$7.2M
By yearFY2020–FY2025
Revenue
$6.6M
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.8M
FY2021$6.0M
FY2022$6.2M
FY2023$6.7M
FY2024$6.6M
FY2025$6.5M
Expenses
$6.6M
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.3M
FY2021$5.8M
FY2022$5.8M
FY2023$6.4M
FY2024$6.6M
FY2025$6.7M
Net assets
$7.2M
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.2M
FY2021$6.8M
FY2022$6.4M
FY2023$6.8M
FY2024$7.2M
FY2025$7.1M

From the FY2024 Form 990 (year ending August 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1971.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

26 people listed on the 990; $992K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Member Benef
$167,245Pt VII · Sec A
General Coun
$166,941Pt VII · Sec A
Business Man
$163,997Pt VII · Sec A
Professional
$163,578Pt VII · Sec A
Communicatio
$163,566Pt VII · Sec A
President
$145,165Pt VII · Sec A
Secretary/Tr
$8,531Pt VII · Sec A
Vice Preside
$8,531Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
McBroom Rebecca$183,267$166,941—$160,083——
Hage Mark$183,062$167,245————
Mary Graves$179,247$163,997————
Longchamp Juliette$179,021$163,578$160,172$152,977——
Allen Darren$175,611$163,566$169,302$170,294$159,926$157,274
Leach Sean——$164,661$163,217$152,857$150,391
Bartlett Norman————$162,178$159,603
Russo-Savage Stuart——$160,977———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Vermont Nea INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for education and teachers' rights in Vermont.

Questions for Vermont Nea INC

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3 programs · in their own filed words · FY2023
01

Uniserv/Legal

The uniserv side of this program consists of all vt-nea's services to local associations and individual members regarding organizing, collective bargaining, and contract administration, including the processing of grievances.

Pt IX · col B
02

Membership/Professional Development

This program comprises vt-nea's services to assist local associations to recruit, register, and retain members. This program also consists of vt-nea's services regarding insurances, benefits, financial services, and professional improvement for teachers.

Pt IX · col B
03

Communications

This program consists of vt-nea's services through which it communicates with its members and with the public generally, about internal matters and public policy.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$857K
Grants paid · 6 grants · $56K · 2019–2024
Unitemized GrantFY2024$10,500
Unitemized GrantFY2023$10,000
Unitemized GrantFY2022$10,200
Unitemized GrantFY2021$7,000
Unitemized GrantFY2020$8,500
Unitemized GrantFY2019$10,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.6M
Ln 12
Fees for servicesLn 2g$6.0M
Investment incomeLn 3$267K
Gifts and grantsLn 1h$255K
Money outPt IX
$6.6M
Ln 25
Owns and owesPt X
$7.2M
net assets · Ln 32
Cash and savingsLn 1–2$3.9M
Total assetsLn 16$8.5M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
26
listed · VII A
PaidVII A10
Voting boardVI 1a19
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$255K
Fees for servicesLn 2g$6.0M
Investment incomeLn 3$267K
Gains on assetsLn 7$8K
Total revenueLn 12$6.6M
Assets in detailPt X, end of year
CashLn 1$73K
SavingsLn 2$3.8M
Cash and savings togetherLn 1–2$3.9M
Accounts receivableLn 4$89K
Prepaid expenses and deferred chargesLn 9$96K
Land, buildings, equipmentLn 10c$476K
InvestmentsLn 11–13$4.0M
Total assetsLn 16$8.5M
LiabilitiesLn 26$1.3M
Net assetsLn 32$7.2M
OperationsPt I, VI
EmployeesI 578
VolunteersI 680
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4.0M$3.9M
InvestmentsLn 11–13$3.4M$4.0M
Land, buildings, equipmentLn 10c$531K$476K
Total assetsLn 16$8.1M$8.5M
LiabilitiesLn 26$1.3M$1.3M
Net assetsLn 32$6.8M$7.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$10K
Pay of current officers, directors and key staffLn 5$540K
Other salaries and wagesLn 7$3.3M
Other employee benefitsLn 9$1.0M
Payroll taxesLn 10$232K
Management feesLn 11a$37K
Legal feesLn 11b$47K
Accounting feesLn 11c$44K
Lobbying feesLn 11d$65K
Investment management feesLn 11f$30K
Other fees for servicesLn 11g$85K
Advertising and promotionLn 12$47K
Office expensesLn 13$179K
Information technologyLn 14$70K
OccupancyLn 16$49K
TravelLn 17$151K
Conferences, conventions and meetingsLn 19$468K
Payments to affiliatesLn 21$9K
Depreciation, depletion and amortizationLn 22$56K
InsuranceLn 23$24K
Other expenses (24a–d)Ln 24$76K
Total functional expensesLn 25$6.6M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 11, 2026 $6.5M$6.7M−$217K$7.1M 990 PDF
FY2024 ViewingFiled with the IRS Jul 2, 2025 $6.6M$6.6M$8K$7.2M 990 PDF
FY2023Filed with the IRS Jul 15, 2024 $6.7M$6.4M$253K$6.8M 990 PDF
FY2022Filed with the IRS Jul 18, 2023 $6.2M$5.8M$409K$6.4M 990 PDF
FY2021Filed with the IRS Jul 13, 2022 $6.0M$5.8M$206K$6.8M 990 PDF
FY2020Filed with the IRS Apr 30, 2021 $5.8M$5.3M$536K$6.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $6,568,086 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $431,892$255,003
I-9 Program service revenuePrior year $6,033,041$6,045,770
I-10 Investment incomePrior year $230,577$267,313
I-11 Other revenue$0
I-12 Total revenuePrior year $6,695,510$6,568,086
I-13 Grants and similar amounts paidPrior year $10,200$10,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,726,904$5,113,116
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,705,839$1,437,127
I-18 Total expensesPrior year $6,442,943$6,560,243
I-19 Revenue less expensesPrior year $252,567$7,843
Part VI · Governance 17 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,568,086 across 6 lines filed
Lines not itemized here account for $96,289 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$255,003
VIII-1h Total contributions, gifts and grants$255,003
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,949,481$5,949,481
VIII-3 Investment incomeExcluded from tax $258,978$258,978
VIII-7 Net gain or loss on sales of assetsRelated to mission −$9 · Excluded from tax $8,344$8,335
VIII-12 Total revenueRelated to mission $6,045,761 · Excluded from tax $267,322$6,568,086
Part IX · Statement of functional expenses $6,560,243 across 21 lines filed
IX-2 Grants to domestic individuals$10,000
IX-5 Pay of current officers, directors and key staff$539,965
IX-7 Other salaries and wages$3,333,279
IX-9 Other employee benefits$1,008,011
IX-10 Payroll taxes$231,861
IX-11a Management fees$36,839
IX-11b Legal fees$47,225
IX-11c Accounting fees$44,005
IX-11d Lobbying fees$65,000
IX-11f Investment management fees$30,474
IX-11g Other fees for services$84,987
IX-12 Advertising and promotion$47,316
IX-13 Office expenses$178,521
IX-14 Information technology$70,411
IX-16 Occupancy$49,463
IX-17 Travel$150,676
IX-19 Conferences, conventions and meetings$467,601
IX-21 Payments to affiliates$8,672
IX-22 Depreciation, depletion and amortization$55,765
IX-23 Insurance$24,274
IX-24 Other expenses (24a–d)$75,898
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$6,560,243
Part X · Balance sheet $8,506,469 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $26,148$73,341
X-2 Savings and temporary cash investmentsStart of year $3,967,110$3,808,229
X-4 Accounts receivableStart of year $58,617$89,082
X-9 Prepaid expenses and deferred chargesStart of year $93,539$96,054
X-10c Land, buildings and equipment, netStart of year $530,566$476,187
X-11 Publicly traded securitiesStart of year $3,435,198$3,963,576
X-16 Total assetsStart of year $8,111,178$8,506,469
X-17 Accounts payable and accrued expensesStart of year $1,174,023$1,076,312
X-19 Deferred revenueStart of year $161,261$229,685
X-26 Total liabilitiesStart of year $1,335,284$1,305,997
X-27 Net assets without donor restrictionsStart of year $6,775,894$7,200,472
X-32 Total net assets or fund balancesStart of year $6,775,894$7,200,472
X-33 Total liabilities and net assetsStart of year $8,111,178$8,506,469
Part XI · Reconciliation of net assets $7,200,472 net assets at year end
XI-1 Total revenue$6,568,086
XI-2 Total expenses$6,560,243
XI-3 Revenue less expenses$7,843
XI-4 Net assets at start of year$6,775,894
XI-5 Net unrealized gains (losses) on investments$416,735
XI-10 Net assets at end of year$7,200,472

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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