Nonprofit · EIN 03-0308967
GOVERNORS INSTITUTES OF VERMONT
Tax-exempt · WINOOSKI, VT 05404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,692,427 | $2,439,874 | $252,553 | $2,182,416 | $120,658 | $2,061,758 |
| December 31, 2023 | 990 | $2,050,196 | $2,034,347 | $15,849 | $1,974,522 | $258,786 | $1,715,736 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,087,917
- of which government grants
- $555,182
- Program service revenue
- $1,539,910
- Investment income
- $52,600
- Other revenue
- $12,000
Expenses
- Grants and similar amounts paid
- $879,857
- Compensation of officers, directors and key employees
- $127,432
- Other salaries and wages
- $670,505
- Salaries, compensation and benefits (total)
- $893,147
- Professional fundraising fees
- $0
- Accounting fees
- $9,195
- Occupancy
- $482,556
- Travel
- $24,573
- Program services (functional)
- $2,089,250
- Management and general (functional)
- $181,311
- Fundraising (functional)
- $169,313
Balance sheet and other
- Total assets, start of year
- $1,974,522
- Total assets, end of year
- $2,182,416
- Total liabilities, end of year
- $120,658
- Net assets, end of year
- $2,061,758
- Publicly traded securities
- $1,131,189
- Net assets without donor restrictions
- $1,599,661
- Net assets with donor restrictions
- $462,097
- Gross receipts
- $2,692,427
- Employees
- 121
- Volunteers
- 120
- Year formed
- 1982
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH FRASCOIA | EXECUTIVE DI Officer | 40 | $123,860 | $3,572 |
| FRAN CLOUGHERTY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SUE BENTLAGE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GARY MARINI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MARLENE ALLEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NAN BAMBARA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANE CAMPBELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARILYN GRUNEWALD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAN MULLEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SOPHIA RABE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROCKET | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WEIWEI WANG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEREMIAH BREER | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH FRASCOIA | EXECUTIVE DI Officer | 40 | $122,986 | $7,338 |
| FRAN CLOUGHERTY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NAN BAMBARA | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ERIN WETHERELL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOHN HANGO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARLENE ALLEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GWEN BAILEY-ROWE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUE BENTLAGE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANE CAMPBELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROSS GIBSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARILYN GRUNEWALD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY MARINI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEITH MARKS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAN MULLEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SOPHIA RABE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROCKET | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WEIWEI WANG | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 20 WEST CANAL STREET, WINOOSKI, VT 05404-2131
- In care of
- % COMPUCOUNT INC
- Principal officer (990 for 2024)
- ELIZABETH FRASCOIA, 20 WEST CANAL STREET SUITE C5, WINOOSKI, VT 05404
- Signed the 990
- ELIZABETH FRASCOIA, EXECUTIVE DIRECTOR
- Phone
- (802) 865-4448
- Website
- WWW.GIV.ORG
- Return prepared by
- JMM & ASSOCIATES PC
Mission
GIV EMPOWERS YOUNG PEOPLE WITH INTENSIVE, HANDS-ON LEARNING EXPERIENCES IN COLLEGE SETTINGS WHICH INSPIRE THEIR ACADEMIC AND CREATIVE PASSIONS, BUILD CONFIDENCE AND LEADERSHIP, AND EXPAND THEIR SENSE OF POSSIBILITY.
Program accomplishments
- GIV PROGRAMS INCLUDE: RESIDENTIAL EDUCATIONAL ACCELERATION PROGRAMS, PRIMARILY IN SUMMER, WHERE VERMONT HIGH SCHOOL STUDENTS RECEIVE INTENSIVE IN-DEPTH STUDY OPPORTUNITIES WITH PROFESSIONAL AND EXPERT MENTORS. SUMMER INTENSIVES INCLUDE ARTS (VISUAL AND PERFORMING),ENGINEERING, ENVIRONMENTAL SCIENCE, GLOBAL ISSUES & YOUTH ACTION, HEALTH & MEDICINE, MATHEMATICAL SCIENCES, ENTREPRENEURSHIP, AND TECHNOLOGY & DESIGN. OCCASIONAL WINTER AND FALL INTENSIVES PROVIDE ADDITIONAL TOPICS IN SCIENCE, ARTS, AND LEADERSHIP. GIV AIMS TO ENSURE THAT ALL MOTIVATED VERMONT STUDENTS HAVE ACCESS TO IN-DEPTH EDUCATIONAL RESOURCES REGARDLESS OF INCOME, GEOGRAPHY, OR DEMOGRAPHIC FACTORS. TARGET OUTCOMES FOR PARTICIPANTS INCLUDE INCREASED SUBJECT MATTER KNOWLEDGE, GREATER ACADEMIC MOTIVATION AND FOCUS, STRONGER SELF-CONFIDENCE AND SELF-ESTEEM, ENCOURAGEMENT OF PROSOCIAL BEHAVIORS, AND HIGHER POST-SECONDARY EDUCATION AND CAREER ASPIRATIONS. MORE INFORMATION AT WWW.GIV.ORGExpenses $2,089,250 · grants $879,857 · revenue $1,539,910
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0308967
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,182,416
- Income (IRS master file)
- $2,692,427
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,692,427 | $2,439,874 | $2,182,416 | IRS |
| 990 | December 2023 | $2,050,196 | $2,034,347 | $1,974,522 | XML |
| 990 | December 2022 | $1,718,079 | $1,661,960 | $1,598,690 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0308967).
Questions about GOVERNORS INSTITUTES OF VERMONT
- What is the EIN of GOVERNORS INSTITUTES OF VERMONT?
- The employer identification number (EIN) of GOVERNORS INSTITUTES OF VERMONT is 03-0308967.
- Is GOVERNORS INSTITUTES OF VERMONT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to GOVERNORS INSTITUTES OF VERMONT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GOVERNORS INSTITUTES OF VERMONT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GOVERNORS INSTITUTES OF VERMONT due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GOVERNORS INSTITUTES OF VERMONT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GOVERNORS INSTITUTES OF VERMONT?
- The 990 for the year ended December 31, 2024 names ELIZABETH FRASCOIA.
- Who are the officers and directors of GOVERNORS INSTITUTES OF VERMONT?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $123,860 (ELIZABETH FRASCOIA, EXECUTIVE DI).
- How much revenue does GOVERNORS INSTITUTES OF VERMONT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,692,427, expenses of $2,439,874 and total assets of $2,182,416 at year end.
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