Nonprofit · EIN 20-8384273
VERMONT COLLEGE OF FINE ARTS INC
Tax-exempt · MONTPELIER, VT 05602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,702,170 | $9,748,453 | -$4,046,283 | $4,041,506 | $4,762,067 | -$720,561 |
| June 30, 2024 | 990 | $7,599,605 | $11,917,481 | -$4,317,876 | $8,406,608 | $5,078,923 | $3,327,685 |
| June 30, 2023 | 990 | $20,675,668 | $15,722,964 | $4,952,704 | $17,225,052 | $9,592,325 | $7,632,727 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $856,420
- Program service revenue
- $5,702,977
- Investment income
- -$833,631
- Net rental income
- -$18,487
- Net gain from sales of assets
- -$867,059
- Net income from sales of inventory
- -$5,109
- Other revenue
- -$23,596
Expenses
- Grants and similar amounts paid
- $1,614,147
- Compensation of officers, directors and key employees
- $288,123
- Other salaries and wages
- $3,366,125
- Salaries, compensation and benefits (total)
- $4,530,830
- Professional fundraising fees
- $0
- Legal fees
- $63,223
- Accounting fees
- $53,956
- Occupancy
- $75,054
- Travel
- $298,420
- Depreciation
- $150,765
- Program services (functional)
- $7,653,027
- Management and general (functional)
- $1,820,352
- Fundraising (functional)
- $275,074
Balance sheet and other
- Total assets, start of year
- $8,406,608
- Total assets, end of year
- $4,041,506
- Total liabilities, end of year
- $4,762,067
- Net assets, end of year
- -$720,561
- Land, buildings and equipment
- $118,204
- Publicly traded securities
- $74,972
- Net assets without donor restrictions
- -$1,960,854
- Net assets with donor restrictions
- $1,240,293
- Gross receipts
- $10,984,078
- Employees
- 150
- Volunteers
- 19
- Year formed
- 2006
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RAVI RAJAN | TRUSTEE Trustee or director | 1 | $0 | $527,441 | $49,291 |
| LORI HUSEIN | CFO, TREASURER (AS OF 8/2/24) Officer | 10 | $0 | $346,945 | $35,817 |
| KATIE GUSTAFSON | CFO (THRU 5/9/25) Officer | 35 | $196,195 | $0 | $4,099 |
| ANDREW RAMSAMMY | PRESIDENT Trustee or director, Officer | 35 | $150,025 | $0 | $775 |
| EDWARD ANDREAS NASSER | SECRETARY Officer | 7.5 | $0 | $129,741 | $11,321 |
| KATHERINE PALARDY | CONTROLLER Highest-paid employee | 35 | $107,946 | $0 | $27,676 |
| MARY-KIM ARNOLD | DEAN OF FACULTY Highest-paid employee | 35 | $103,704 | $0 | $27,640 |
| KATIE RASMUSSEN | DEAN OF STUDENTS Highest-paid employee | 35 | $107,799 | $0 | $12,421 |
| MICHAEL GOLDSTEIN | BOARD CHAIR (THRU 4/26/25) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HEIDI MOHLMAN TRINGE | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHEBON MARSHALL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CATHERINE CARVELLI | TRUSTEE (THRU 8/2/24) Trustee or director | 1 | $0 | $0 | $0 |
| MELISSA COBB | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PAUL CRONSON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOAN GRUBIN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE HOGAN | TRUSTEE (THRU 8/2/24) Trustee or director | 1 | $0 |
| STEVEN HOLLEY | TRUSTEE Trustee or director | 1 | $0 |
| KATE HOSFORD | TRUSTEE Trustee or director | 1 | $0 |
| BARRY JOHNSON | TRUSTEE Trustee or director | 1 | $0 |
| CASPER MARTIN | TRUSTEE (THRU 8/2/24) Trustee or director | 1 | $0 |
| ALEXANDRA MOORE | TRUSTEE Trustee or director | 1 | $0 |
| KATHERINE PATERSON | TRUSTEE (THRU 8/2/24) Trustee or director | 1 | $0 |
| TINA PERRY | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL ROSENFELD | TRUSTEE (THRU 8/2/24) Trustee or director | 1 | $0 |
| MARK SWICEGOOD | TRUSTEE Trustee or director | 1 | $0 |
| JEFF WIGGINS | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW MONK | ACADEMIC DEA Key employee | 35 | $156,533 | $21,598 |
| JERICHO PARMS | VP OF DEVELO Highest-paid employee | 35 | $116,070 | $28,297 |
| LESLIE WARD | PRESIDENT (1 Officer | 35 | $119,250 | $24,891 |
| KATIE GUSTAFSON | VP FINANCE & Officer | 35 | $129,978 | $5,341 |
| MICHAEL GOLDSTEIN | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| CATHERINE CARVELLI | VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| JOAN GRUBIN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| MIKE HOGAN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| KATE HOSFORD | TRUSTEE Trustee or director | 4 | $0 | $0 |
| BARRY JOHNSON | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CASPER MARTIN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| KATHERINE PATERSON | TRUSTEE Trustee or director | 4 | $0 | $0 |
| MICHAEL ROSENFELD | TRUSTEE Trustee or director | 4 | $0 | $0 |
| HEIDI MOHLMAN TRINGE | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JEFF WIGGINS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| ANDREW RAMSAMMY | TRUSTEE/PRES Trustee or director, Officer | 4 | $0 | $0 |
| LORI HUSEIN | CFO Officer | – | $0 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW MONK | ACADEMIC DEA Key employee | 35 | $173,846 | $19,399 |
| LESLIE WARD | PRESIDENT Officer | 35 | $132,342 | $22,296 |
| DAVID MARKOW | COO/VP FOR S Officer | 35 | $116,876 | $25,695 |
| KATIE GUSTAFSON | VP FINANCE & Officer | 35 | $129,967 | $5,212 |
| JERICHO PARMS | VP OF DEVELO Officer | 35 | $102,729 | $24,467 |
| MICHAEL GOLDSTEIN | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| CATHERINE CARVELLI | CO-CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| JOAN GRUBIN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| MIKE HOGAN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| KATE HOSFORD | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CASPER MARTIN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| KATHERINE PATERSON | TRUSTEE Trustee or director | 4 | $0 | $0 |
| ANDREW RAMSAMMY | TRUSTEE Trustee or director | 4 | $0 | $0 |
| MICHAEL ROSENFELD | TRUSTEE Trustee or director | 4 | $0 | $0 |
| HEIDI MOHLMAN TRINGE | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JEFF WIGGINS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| BARRY JOHNSON | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CHARLES BUNTING | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RAFAEL ATTIAS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CHERYL MILLER | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 36 COLLEGE ST, MONTPELIER, VT 05602-3145
- In care of
- % THOMAS C GREENE
- Principal officer (990 for 2024)
- ANDREW RAMSAMMY, 36 COLLEGE STREET, MONTPELIER, VT 05602
- Signed the 990
- LORI HUSEIN, CFO
- Phone
- (802) 828-8600
- Website
- WWW.VCFA.EDU
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
VCFA IS A GLOBAL COMMUNITY OF ARTISTS CONTINUALLY REDEFINING WHAT IT MEANS TO BE AN ARTS COLLEGE. WE MEASURE OUR SUCCESS BY OUR ABILITY TO FOSTER THE EXCELLENCE OF EMERGING AND ESTABLISHED PRACTITIONERS. WE BELIEVE THAT THE ARTS ARE CENTRAL TO THE HUMAN EXPERIENCE AND HAVE THE ABILITY NOT ONLY TO REFLECT REALITY BUT ALSO TO CREATE IT.
Program accomplishments
- EDUCATIONAL - SIX MASTER OF FINE ARTS PROGRAMS, INCLUDING WRITING, WRITING FOR CHILDREN AND YOUNG ADULTS, VISUAL ARTS, GRAPHIC DESIGN, MUSIC COMPOSITION, AND FILM.Expenses $7,653,027 · grants $1,614,147 · revenue $5,702,977
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-8384273
- 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
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B43)
- Assets (IRS master file)
- $4,041,506
- Income (IRS master file)
- $10,984,078
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,702,170 | $9,748,453 | $4,041,506 | IRS |
| 990 | June 2024 | $7,599,605 | $11,917,481 | $8,406,608 | IRS |
| 990 | June 2023 | $20,675,668 | $15,722,964 | $17,225,052 | XML |
| 990 | June 2022 | $9,896,722 | $9,721,314 | $16,896,015 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 20-8384273).
Questions about VERMONT COLLEGE OF FINE ARTS INC
- What is the EIN of VERMONT COLLEGE OF FINE ARTS INC?
- The employer identification number (EIN) of VERMONT COLLEGE OF FINE ARTS INC is 20-8384273.
- Is VERMONT COLLEGE OF FINE ARTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to VERMONT COLLEGE OF FINE ARTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERMONT COLLEGE OF FINE ARTS INC 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 VERMONT COLLEGE OF FINE ARTS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERMONT COLLEGE OF FINE ARTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VERMONT COLLEGE OF FINE ARTS INC?
- The 990 for the year ended June 30, 2025 names ANDREW RAMSAMMY.
- Who are the officers and directors of VERMONT COLLEGE OF FINE ARTS INC?
- The 990 for the year ended June 30, 2025 lists 26 people; 5 received compensation from the organization.
- How much revenue does VERMONT COLLEGE OF FINE ARTS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,702,170, expenses of $9,748,453 and total assets of $4,041,506 at year end.
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