Nonprofit · EIN 23-7107832
UNIVERSITY MEDICAL EDUCATION
Tax-exempt · BURLINGTON, VT 05405
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,469,127 | $2,270,525 | -$801,398 | $74,422,598 | $58,704,550 | $15,718,048 |
| June 30, 2024 | 990 | $13,358 | $649,668 | -$636,310 | $64,203,716 | $48,324,979 | $15,878,737 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,610,115
- Program service revenue
- $0
- Investment income
- -$140,988
- Net gain from sales of assets
- -$744,359
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,600
- Accounting fees
- $32,200
- Program services (functional)
- $2,185,671
- Management and general (functional)
- $84,854
Balance sheet and other
- Total assets, start of year
- $64,203,716
- Total assets, end of year
- $74,422,598
- Total liabilities, end of year
- $58,704,550
- Net assets, end of year
- $15,718,048
- Net assets without donor restrictions
- $5,501,889
- Net assets with donor restrictions
- $10,216,159
- Gross receipts
- $7,645,901
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1971
- 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 |
|---|---|---|---|---|---|
| RICK VINCENT | TRUSTEE Trustee or director | 1 | $0 | $973,150 | $69,921 |
| KRISTEN DESTIGTER | TRUSTEE Trustee or director | 1 | $0 | $942,757 | $85,588 |
| RICHARD PAGE | PRESIDENT Trustee or director, Officer | 4 | $0 | $933,379 | $76,157 |
| RAMSEY HERRINGTON | TRUSTEE Trustee or director | 1 | $0 | $890,176 | $79,558 |
| JASON SANDERS | TRUSTEE Trustee or director | 1 | $0 | $838,077 | $71,797 |
| REBECCA ASLAKSON | TRUSTEE Trustee or director | 1 | $0 | $700,347 | $53,775 |
| LEWIS FIRST | TRUSTEE Trustee or director | 1 | $0 | $649,204 | $81,684 |
| BRIAN COTE | VICE-PRESIDENT Trustee or director, Officer | 4 | $0 | $288,944 | $38,612 |
| KRISTIN BAHN | TREASURER Trustee or director, Officer | 4 | $0 | $106,872 | $31,754 |
| CATHY DAVIS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD PAGE | PRESIDENT Trustee or director, Officer | 4 | $0 | $911,569 | $76,303 |
| KRISTEN DESTIGTER | TRUSTEE Trustee or director | 1 | $0 | $822,305 | $103,585 |
| RICK VINCENT | TRUSTEE Trustee or director | 1 | $0 | $783,080 | $53,639 |
| IRA BERNSTEIN | TRUSTEE (END 12/23) Trustee or director | 1 | $0 | $669,472 | $116,321 |
| RAMSEY HERRINGTON | TRUSTEE (START 01/24) Trustee or director | 1 | $0 | $677,478 | $99,802 |
| JASON SANDERS | TRUSTEE Trustee or director | 1 | $0 | $688,387 | $64,910 |
| REBECCA ASLAKSON | TRUSTEE Trustee or director | 1 | $0 | $680,332 | $69,763 |
| LEWIS FIRST | TRUSTEE Trustee or director | 1 | $0 | $564,238 | $95,115 |
| BRIAN COTE | VICE-PRESIDENT Trustee or director, Officer | 4 | $0 | $279,570 | $40,423 |
| KRISTIN BAHN | TREASURER Trustee or director, Officer | 4 | $0 | $103,015 | $35,210 |
| CATHY DAVIS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 89 BEAUMONT AVE, BURLINGTON, VT 05405-1742
- In care of
- % DEANS OFFICE COLLEGE OF MEDICINE
- Principal officer (990 for 2024)
- KRISTIN BAHN, 89 BEAUMONT AVENUE, BURLINGTON, VT 05405
- Signed the 990
- KRISTIN BAHN, TREASURER
- Phone
- (802) 656-2156
- Return prepared by
- MCSOLEY MCCOY & CO
Mission
UNIVERSITY MEDICAL EDUCATION ASSOCIATES, INC. IS A COMPONENT UNIT OF THE UNIVERSITY OF VERMONT WITH THE PURPOSE OF SUPPORTING THE OPERATIONS, ACTIVITIES, AND OBJECTIVES OF THE COLLEGE OF MEDICINE OF THE UNIVERSITY OF VERMONT.
Program accomplishments
- PROGRAM SERVICES INCLUDE SUPPLEMENTING MEDICAL RESEARCH, EDUCATION AND RELATED EXPENDITURES IN ORDER TO ENSURE THE TOP QUALITY EDUCATIONAL PROGRAMS OF THE UNIVERSITY OF VERMONT COLLEGE OF MEDICINE.Expenses $2,185,671
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
- 23-7107832
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1971
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $74,422,598
- Income (IRS master file)
- $7,645,901
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,469,127 | $2,270,525 | $74,422,598 | IRS |
| 990 | June 2024 | $13,358 | $649,668 | $64,203,716 | XML |
| 990 | June 2023 | $703,162 | $830,780 | $59,693,918 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 23-7107832).
Questions about UNIVERSITY MEDICAL EDUCATION
- What is the EIN of UNIVERSITY MEDICAL EDUCATION?
- The employer identification number (EIN) of UNIVERSITY MEDICAL EDUCATION is 23-7107832.
- Is UNIVERSITY MEDICAL EDUCATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to UNIVERSITY MEDICAL EDUCATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY MEDICAL EDUCATION 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 UNIVERSITY MEDICAL EDUCATION 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 UNIVERSITY MEDICAL EDUCATION 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 UNIVERSITY MEDICAL EDUCATION?
- The 990 for the year ended June 30, 2025 names KRISTIN BAHN.
- Who are the officers and directors of UNIVERSITY MEDICAL EDUCATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY MEDICAL EDUCATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,469,127, expenses of $2,270,525 and total assets of $74,422,598 at year end.
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