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Nonprofit · EIN 22-2586796

PHYSICIAN ASSISTANT ACADEMY OF VERMONT

Tax-exempt · QUECHEE, VT 05059

Financials

$107K$92K2023$116K$92K2024
Revenue Expenses · by fiscal year end
Financials of PHYSICIAN ASSISTANT ACADEMY OF VERMONT by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990-EZ$115,961$91,842$24,119$101,364$0$101,364
June 30, 2024990-EZ$106,813$92,428$14,385$91,725$6,000$85,725
Financial details: 990-EZ for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$350
Membership dues
$7,275
Program service revenue
$103,424
Investment income
$2,895
Other revenue
$2,017

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$24,000
Salaries, compensation and benefits (total)
$0
Professional fees and payments to contractors
$31,490
Printing, publications and postage
$225
Other expenses
$60,127
Program services (functional)
$65,939

Balance sheet and other

Total assets, start of year
$91,725
Total assets, end of year
$101,364
Total liabilities, end of year
$0
Net assets, end of year
$101,364
Cash, savings and investments
$101,364
Gross receipts
$115,961

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-EZ for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
Michele NilssonExecutive Director30$24,000
Lee MorissetteBoard President Eff July 20242$0
Brad SalzmannSecretary3$0
Stephanie StahlTreasurer3$0
Luc DupuisBoard Member2$0
Will HoserBoard Member2$0
Cary StratfordBoard Member2$0
Marge BowerBoard Member2$0
John BondBoard Member End September 20232$0
Howard Jeffrey KatchenBoard Member End August 20232$0
Sarah BushwellerPrior Board President End July 20240$0
990-EZ for the year ended June 30, 2024: 12 people
NameTitleHours / weekCompensation
Michele NilssonExecutive Director5$14,000
Sarah BushwellerPresident3$0
Brad SalzmannSecretary3$0
Stephanie StahlTreasurer3$0
Luc DupuisBoard Member2$0
Rebecca SchollBoard Member End 1/20242$0
Will HoserBoard Member2$0
John BondBoard Member2$0
Howard Jeffrey KatchenBoard Member End 8/2023 & Eff 1/20242$0
Lee MorissetteBoard Member2$0
Cary StratfordBoard Member2$0
Marge BowerBoard Member2$0

Address and contacts

Address (IRS master file)
PO BOX 341, QUECHEE, VT 05059-0341
Signed the 990-EZ
Lee Morisette, Board President
Phone
(802) 299-6250
Return prepared by
Lifeboat Accounting PLLC

Mission

To provide all Vermont Physician Assistants with representation on issues of legislative, regulatory, and professional support around the state of Vermont. To forge and maintain partnerships/working relationships with other health professional organizations on a national, regional, and statewide level. To work toward improving the professional and regulatory environment for Physician Assistant practice in Vermont and nationwide. To monitor and improve the reimbursement environment in the state and nationally.

990-EZ for the year ended June 30, 2025

Program accomplishments

  • The mission of the Physician Assistant Academy of Vermont is to promote quality, cost-effective, and accessible health care to the people of Vermont and to support the professional growth of Physician Assistants. PAAV forges and maintains partnerships/working relationships with other health professional organizations on a national, regional and statewide level. With the support of membership dues, PAAV represents Vermont Physician Assistants on issues of legislative, regulatory and professional relevance around the state of Vermont and actively works to improve the professional and regulatory environment for Physician Assistant practice in Vermont and nationwide. In addition, PAAV monitors the reimbursement environment in the state and nationally.
    Expenses $6,769
  • The organization provides members and non-members with regular opportunities for CME that are pertinent to the clinical practice of Vermont Physician Assistants. The organization provides education through in person and virtual events. The annual continuing education conference had 100 attendees and 21 faculty in 2025.
    Expenses $59,170

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990-EZ on file
2023June 30, 2024November 15, 2024990-EZ on file

IRS record

EIN
22-2586796
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1993
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B60Z)
Assets (IRS master file)
$101,364
Income (IRS master file)
$115,961

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZJune 2025$115,961$91,842$101,364XML
990-EZJune 2024$106,813$92,428$91,725XML
990-EZJune 2023–––IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 22-2586796).

Questions about PHYSICIAN ASSISTANT ACADEMY OF VERMONT

What is the EIN of PHYSICIAN ASSISTANT ACADEMY OF VERMONT?
The employer identification number (EIN) of PHYSICIAN ASSISTANT ACADEMY OF VERMONT is 22-2586796.
Is PHYSICIAN ASSISTANT ACADEMY OF VERMONT tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to PHYSICIAN ASSISTANT ACADEMY OF VERMONT tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PHYSICIAN ASSISTANT ACADEMY 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 PHYSICIAN ASSISTANT ACADEMY OF VERMONT 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 PHYSICIAN ASSISTANT ACADEMY OF VERMONT last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
Who are the officers and directors of PHYSICIAN ASSISTANT ACADEMY OF VERMONT?
The 990-EZ for the year ended June 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $24,000 (Michele Nilsson, Executive Director).
How much revenue does PHYSICIAN ASSISTANT ACADEMY OF VERMONT have?
On its 990-EZ for the year ended June 30, 2025 it reported revenue of $115,961, expenses of $91,842 and total assets of $101,364 at year end.

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